[0:16] called the roll

[0:16] Committee members Henrickson

[0:16] here

[0:18] maro

[0:22] excused all tent erelton b

[0:24] excused

[0:26] Richardson

[0:26] here

[0:30] ory here Mr Chair

[0:36] here members first thing on

[0:38] the agenda today is

[0:38] consideration of higher

[0:40] education cash fund requests

[0:42] from pueblounity College. do

[0:44] we have president Hazel becker

[0:44] come on up

[0:54] Welcome to the CdC President

[0:55] Hazelbucker do you want to start

[0:55] us off?

[1:00] chair and members of the

[1:00] committee thank you so much for

[1:02] the opportunity to talk about

[1:04] this important project for

[1:06] pueblo Community College today.

[1:06] so today I'm requesting your

[1:10] authority to purchase and

[1:12] remodel a building in pueblo

[1:14] west Colorado. we're currently

[1:16] calling this the pueblo west

[1:16] tradede building. the

[1:20] acquisition would allow us to

[1:22] get about 16,000 square feet

[1:26] 2.679 acres. The keys for us are

[1:27] really there's kind of three

[1:27] keys why we are asking for the

[1:28] authority

[1:32] to spend this $3.75 million. the

[1:34] three key messages for us are is

[1:36] Senator Henrickson will know the

[1:39] fastest area of pueblo is pueblo

[1:42] west this facility will

[1:44] specifically serve welding

[1:44] and automotive students and

[1:46] those are two of the fastest

[1:48] growing programs at pueblo

[1:48] Community College and there's

[1:50] really 3 key points on this for

[1:52] us.umber one is this is pure

[1:54] growth for us so that we

[1:56] actually have 140 students ready

[1:57] to go 160 students'm sorry 160

[1:57] students ready

[2:00] to go in these programs today

[2:02] that we don't have capacity to

[2:04] serve so when we opened the

[2:06] building in pueblo west in the

[2:06] fall with your permission we

[2:09] will be actually adding 160

[2:10] students to our roles that are

[2:12] currently on waiting lists

[2:14] either at pueblo West High

[2:14] School or at pueblo Community

[2:16] College so we have the students

[2:18] this is also the happyppy

[2:20] project where you also have the

[2:21] employers. so if you look at the

[2:22] employment numbers we have

[2:24] pueblo is still highly reliant

[2:26] on manufacturing and we know

[2:27] that we have employers ready

[2:27] to

[2:30] hire these folks had a meeting

[2:32] for instance with CS Wi one of

[2:34] our important local partners

[2:36] and they told me the other day

[2:38] that they would take 120 welders

[2:39] if I could turn them out

[2:40] tomorrow. frankly I can't turn

[2:42] them out tomorrow because I

[2:42] don't have the space to do that

[2:44] so that we know that we have

[2:46] employment in these areas and

[2:46] then the final key point for us

[2:48] is this allows us to expand our

[2:50] facility into the largest

[2:52] growing area of the county into

[2:54] a facility that doesn't have any

[2:56] restraints in terms of what we

[2:56] can do there in terms of welding

[2:57] and automotive. it's already

[2:58] indus

[3:00] tri al it's already being used

[3:02] by a for profit education

[3:04] provider to provide similar

[3:04] training though they're not

[3:06] doing welding they're they are

[3:08] doing automotive there so it

[3:08] provides us a good space in an

[3:10] area of the county that's

[3:12] growing so really appreciate

[3:12] your consideration of this

[3:14] project and happy to answer any

[3:14] questions.

[3:16] this committee have any

[3:17] questions for

[3:18] the president

[3:24] madam vice chair thank you Mr

[3:25] Chair. I don't really have any

[3:26] questions but I'm glad you

[3:28] figured out a path going

[3:30] forward. I think this is

[3:32] great just given the workforce

[3:36] need that's out there and so

[3:36] yeah I think it'll be great

[3:37] thank you we're very excited

[3:40] thank you madam vice chairir let

[3:40] the record reflect

[3:42] thatpresentativemaro is with us.

[3:46] I do have maybe one or two

[3:46] questions when we look at the

[3:50] cost is that the cost of

[3:52] the property coupled with the

[3:54] cost of any retrofitting is that

[3:56] all in? Yep so 2.85 million is

[3:58] the purchase price for the

[4:00] property and then it's a little

[4:00] a little under a million is what

[4:02] the retrofit will cost us what

[4:04] is the property appraised for do

[4:06] we know that I don't know that

[4:07] yeah the

[4:10] property was originally put on

[4:12] the market at 3.5 million. we

[4:14] did work with the owner of the

[4:14] property to get down to that

[4:17] 2.85 purchase price but I

[4:18] don't have a current appraisal

[4:18] for you and then your

[4:20] partnership with pueblo

[4:24] disstrict se0 is that support

[4:26] essentially just kind of paying

[4:26] tuition for those students to

[4:28] come or is there any other type

[4:30] of support that comes along with

[4:32] that partnership. The

[4:34] partnership will include bussing

[4:34] so they're willing to bus their

[4:36] students from pueblo West High

[4:37] School to the facility and

[4:37] then Pueblo

[4:40] west has also been a school

[4:42] district that has been

[4:42] particularly helpful in

[4:44] providing the cost of materials

[4:46] books for those their

[4:46] students which you know isn't

[4:48] covered under the CE funding

[4:50] model so it's a it's a

[4:52] relatively minor investment on

[4:52] their end but the the

[4:54] partnership is a little bit more

[4:56] than just sending students

[4:56] perfect. Any further questions

[4:57] for

[4:58] the president

[5:02] seeing none madam Weister

[5:06] thank you Mr Chair. I move

[5:08] that CdC approve the new project

[5:10] listed on the pueblounity

[5:12] College two year projection of

[5:14] cash need that is a proper

[5:16] motion amazada please call the

[5:18] roll. Committee members

[5:18] Henrickson rightmaro

[5:20] yes

[5:23] helton be excused Richardson

[5:24] yes

[5:28] story yes Mister Chair yes

[5:29] congratulations that passes

[5:29] unanimously.

[5:32] thank you so much. thank you

[5:33] thank you for coming up and

[5:33] visiting with us today.

[5:38] Next up members we have

[5:40] consideration of property

[5:42] transaction proposals from CPw

[5:44] welcome

[5:48] I'm not sures do we have these

[5:49] other folks online then?

[5:56] we have Miss Hamming in person

[6:00] looks like I have KimRogers

[6:04] and then these other four will

[6:06] speak to the individual ones but

[6:08] if we can just bring them up so

[6:12] we're ready.ri mettenbrink, Rick

[6:16] Basiga crystal dryling and Todd

[6:17] Cozard

[6:22] while they're doing that do you

[6:22] want to start us off Miss Sammy?

[6:26] thanks so much Mr Chair members

[6:26] of the committee it's great to

[6:28] see you after a bit of a brief

[6:30] hiatus this summer.arrah Hamming

[6:32] I'm the director of legislative

[6:33] affairs with the department of

[6:34] naturaltural Resources and I'm

[6:36] here today to present four

[6:37] separate property transaction

[6:38] proposals for Colorado parks and

[6:40] wildlife alongside several of my

[6:42] CPw colleagues that are joining

[6:44] me online to help answer any

[6:44] questions that the committee may

[6:45] have.

[6:48] this morning I will be starting

[6:50] with the Lahara reservoir state

[6:50] wildlife Area fee title

[6:52] acquisition joining me online

[6:54] for this project we have

[6:56] KimRogers, CPw real estate

[6:58] section manager and Rick

[7:00] Bazagoitia CPw area wildlife

[7:01] Manager.

[7:06] CPw is seeking to purchase 2,427

[7:08] acres surrounding the existing

[7:09] Lahara reservoir state wildlife

[7:10] area in fee title from the state

[7:11] land board.

[7:14] DPw currently owns and manages

[7:16] approximately700 acres in and

[7:18] around this reservoir and this

[7:20] fee title acquisition will grow

[7:22] the state wildlife area to over

[7:24] 3000 acres giving CPw directman

[7:26] control of the reservoir and the

[7:27] surrounding basin.

[7:31] Cpw will be responsible for4.85

[7:32] million dollars of this purchase

[7:34] cost which will be paid for

[7:36] using habitat stamp dollars an

[7:38] additional $1.2 million will be

[7:40] matched with funding from our

[7:40] partners including great

[7:44] Outdoors Colorado or goo the

[7:44] national fish and Wildlife

[7:46] Foundation and the Rio Grande

[7:47] headwaters Land Trust.

[7:54] The2427 acres at CPw is seeking

[7:54] to acquire have been owned by

[7:56] the state land board since 1881

[7:58] but CPw has leased these lands

[8:00] for multiple decades through the

[8:00] state trust lands hunting and

[8:04] fishing Access programme under

[8:06] CPw ownership the property will

[8:06] continue to provide public

[8:08] access for hunting, fishing,

[8:10] camping and wildlife viewing as

[8:12] CPw recognizes the recreational

[8:14] opportunities provided by this

[8:14] property are incredibly

[8:16] important to the residents of

[8:17] Canaos County.

[8:18] Direct management and control of

[8:20] the reservoir and surrounding

[8:22] shoreline will allow Cpw to

[8:22] preserve and enhance the

[8:24] wildlife habitat, continue

[8:26] public access and allow for

[8:28] continued continued seasonal

[8:29] grazing in a manner that will

[8:30] improve and maintain grass

[8:30] conditions and wetland habitat.

[8:34] in your packet you'll find a

[8:34] letter of support from theaddeos

[8:36] board of county commissioners

[8:38] along with a letter of support

[8:40] from minority leader Simpson and

[8:41] with that I ask for your support

[8:42] on this property transaction

[8:44] proposal and our team is happy

[8:44] to take any questions that you

[8:46] might have. Thank you M Hamming.

[8:50] I do have KimRogers and

[8:54] Rick Basogodia to speak to that

[8:56] or they just here for questions

[8:56] only on those projectsect

[9:02] maybe what we'll do is if we'll

[9:02] just go through them and then we

[9:03] can

[9:04] maybe we can just raise our

[9:06] hands if we have questions as

[9:08] the projects go along. do we

[9:08] have any questions on this

[9:09] project? madam vice chair

[9:14] thank you Mr Cha. I just am

[9:16] curious if there's anybody on

[9:20] the team that knows what the US

[9:22] Forest Service and Bureau

[9:24] oflandnd Management will be

[9:24] doing with their43,00

[9:30] hemming thank you Mr Chair and

[9:32] my colleague Rick Bazagoita

[9:34] will be able to speak to this in

[9:34] more detail but I did want to

[9:36] mention that there is as you

[9:36] have mentioned in the packet

[9:38] some detail about additional

[9:40] parcels that will be sold from

[9:40] the state land board to the

[9:42] federal government so the the US

[9:44] fish the US Forestervice and

[9:46] the Bureau oflandnd Management

[9:47] those parcels are a separate

[9:48] exchange and the state land

[9:50] board is hoping to finalize that

[9:52] sometime before the end of

[9:54] October so that is also in the

[9:54] works but I can turn it over to

[9:56] my colleague Rick to kind of

[9:57] speak to your question in more

[9:57] detail.

[9:58] Mr Becodia

[10:04] good morning chair vice chair

[10:06] members rick Bossagua Harry

[10:08] Wallach manager in the Sanmos

[10:10] alley. yes with regard to the

[10:12] forestervice andbLM they'll both

[10:12] be acquiring portions of this

[10:13] property

[10:15] they will essentially be

[10:18] managing them as they typically

[10:20] would forced and and BLM lands

[10:20] public lands

[10:24] we are working closely with them

[10:26] because close coordination on

[10:26] this is going to be important

[10:30] it's very it's critical wildlife

[10:30] habitat especially in the

[10:31] wintertime

[10:34] and a very very popular remote

[10:36] hunting and and other outdoor

[10:38] recreation property so they will

[10:40] continue to manage for multiple

[10:42] uses and and more most

[10:44] importantly by taking over the

[10:48] grazing management there that

[10:48] CPw just wouldn't be able to

[10:49] handle at that scale

[10:50] thank you

[10:54] Any further questions on this

[10:55] project?

[10:56] seeingun we'll move on to the

[10:57] next one assuming

[11:02] thank you Mr Chair. Moving on to

[11:04] the proposed Garluzzo fee title

[11:06] acquisition at Fisher's Peak

[11:08] State Park. I am joined online

[11:08] for this proposal by again

[11:10] KimRogers CPw real estate

[11:12] section manager and crystal

[11:14] Drrewing parkk manager with

[11:16] Fishers Peak State Park to help

[11:16] answer any questions that you

[11:17] may have on this proposal.

[11:22] CPw is seeking to acquire a 13.3

[11:24] acre parcel adjacent to Fishers'

[11:26] Peak State Park. The property

[11:28] was valued at $230,000 and will

[11:30] be paid for from lottery funds.

[11:32] The current property owners wish

[11:34] to sell this property to CPw for

[11:36] the purposes of contributing to

[11:36] meaningful outdoor recreation at

[11:37] the park.

[11:40] with the acquisition of this

[11:42] property, CPw will be able to

[11:42] design and build an attractive

[11:44] and functional entrance gate

[11:46] experience for visitors. The new

[11:48] park entrance will be accessed

[11:50] from the existing frontage road

[11:52] off ofi-25 allowing for safe

[11:54] accessible and scenic access to

[11:56] Fishers Peak State Park. In your

[11:56] packet you'll find a letter of

[11:58] concurrence for this transaction

[12:00] from the lasts animas County

[12:02] Board of Commissioners and with

[12:02] that I ask for your support on

[12:04] this property transaction

[12:04] proposal and we're happy to take

[12:05] any questions.

[12:07] the committee have any questions

[12:08] on this proposal?

[12:12] Seeing none will move on, Miss

[12:13] He

[12:20] Thank you Mr Chair. Next I will

[12:21] be presenting a property

[12:22] transaction proposal for CPw

[12:25] located within Weld County to

[12:26] establish a new state wildlife

[12:28] area that we are looking to call

[12:30] the Paloma prairie State

[12:32] wildlife Area. for this proposal

[12:34] I am joined again by KimRogers

[12:34] CPw real estate section manager

[12:38] andri Medenbrink CPw assistant

[12:38] assistant area wildlife manager

[12:39] to help answer any questions.

[12:42] c p w is looking to acquire

[12:45] approximately 640 acres of land

[12:46] in Weld County, the property was

[12:48] formerly used as a research site

[12:50] for the national aeronautics and

[12:52] atmosphericdministration or NOA.

[12:54] however the property has not

[12:55] been used for decades and the

[12:56] building on the property has

[12:58] since become dilapidated.

[13:00] pursuant to an act of Congress

[13:02] approved in 1948, the federal

[13:03] government is authorized to

[13:04] transfer surplus federal

[13:07] property to state wildlife and

[13:08] agencies for the purpose of

[13:10] wildlife conservation. CPw

[13:10] applied to

[13:12] receive this specific property

[13:14] under this federal provision and

[13:15] was approved for the exchange

[13:16] which will be of no cost to CPw

[13:17] to acquire.

[13:20] This exchange will allow CPw to

[13:22] establish a new statewide

[13:23] wildlife area and an area of the

[13:24] state that has great demand for

[13:26] hunting but rather limited

[13:27] opportunities

[13:30] the property is suitable for

[13:30] hunting small game and deer and

[13:32] will also provide the

[13:32] opportunity for grazing every

[13:34] couple of years to help improve

[13:35] the habitat on the parcel.

[13:38] The building currently located

[13:39] on the property will need to be

[13:41] demolished for safety purposes

[13:42] which is estimated to cost CPW

[13:46] approximately $200,000 in your

[13:46] packet you'll find a concurrence

[13:48] letter for this transaction from

[13:48] the Weld County Board of

[13:50] commissioners and with that I

[13:51] ask for your support and I'm

[13:52] happy to take any questions.

[13:54] any questions on this project

[13:55] from the committee

[13:56] Senator Henrickson

[14:00] thank you Mr Chair.

[14:04] thank you Misshamming. so this

[14:08] is one I mean 640 acres it's one

[14:10] square mile. it looks like from

[14:12] the satellite images the there

[14:12] is not

[14:14] in the adjacent

[14:20] 640 acre blocks it it looks

[14:21] like there is not

[14:24] agriculture ongoing right now.

[14:26] Is there potential opportunity

[14:27] for

[14:31] for a lance's trust later on so

[14:32] that the the hunting

[14:34] opportunities on the land could

[14:36] be expanded to the greater

[14:36] property adjacent to it

[14:40] Sammy thank you for that

[14:42] question Senator Henrickson. I

[14:43] will turn that over to KimRogers

[14:44] CPw's real estate section

[14:45] manager Mr.Rogers

[14:54] you're muted miss rogers

[15:03] Thank you. good morning chair

[15:04] and committee members KimRogers

[15:08] real estate section manager for

[15:10] Colorado Parks and wildlife

[15:12] there isn't any other protected

[15:18] land around this property so

[15:18] it it would be

[15:23] purely a guess on my part as

[15:23] to whether or not

[15:28] we could expand this in the

[15:28] future

[15:32] and

[15:38] if I may respectfully remind

[15:40] the committee that generally we

[15:42] vote after each project

[15:42] thank you

[15:48] we will we will make a motion

[15:48] after the presentations for each

[15:49] project.

[15:52] Miss Hamy is there any further

[15:54] questions from the committee?

[15:58] seeing no I just I would like to

[16:00] say just credit to your

[16:02] department Misshamming. I think

[16:02] it's pretty neat that you're

[16:04] able to to kind of find this and

[16:06] and take advantage of you know

[16:08] this the program from the

[16:09] federal government to be able to

[16:10] acquire this and add it to the

[16:14] assets of of CPw and you know be

[16:16] able to have a a a piece of land

[16:18] you know inwell County that the

[16:20] folks will be able to access for

[16:20] a number of different reasons

[16:22] and so kudos to you all for

[16:23] for taking advantage of that

[16:26] thank you Mr Char yeah we're

[16:28] always incredibly excited at the

[16:28] opportunity to open up more

[16:30] access to hunting and other

[16:32] recreation to folks across the

[16:32] state especially in this area of

[16:36] the state so and we are to the

[16:38] final project I believe before

[16:38] us with the cottonwood state

[16:39] wildlife areaa Missham.

[16:42] thank you Mr Chair. Finally we'd

[16:44] like to present a property

[16:46] transaction proposal to secure a

[16:46] water pipeline easement at

[16:48] Cottonwood State Wildlife Area

[16:50] for this proposal I am joined

[16:52] online by KimRogers CPw real

[16:54] estate section manager and todd

[16:56] Kozad Cpw Area wildlife Manager

[16:57] to help answer any questions

[16:57] that the committee may have.

[17:00] c p w is seeking to acquire a

[17:02] perpetual irrigation water

[17:04] conveyance easement across

[17:04] private land in order to deliver

[17:06] water to the cottonwood State

[17:08] wildlife area for a total

[17:10] consideration of7,500 dollars

[17:10] paid for from wildlife cash

[17:14] c p w retains ownership of

[17:16] ditched shares and well pumping

[17:17] rights on cottonwood state

[17:18] wildlife area. however

[17:20] utilization of Cpw's irrigation

[17:22] water has been challenging due

[17:24] to the creation, operation and

[17:24] maintenance of an open

[17:26] irrigation ditch aligned through

[17:28] a center pivot irrigation field

[17:30] on privately held property

[17:30] located just south of the state

[17:31] wildlife area.

[17:34] a formal easement will allow CPw

[17:36] to continue to move water to the

[17:38] state wildlife area for the

[17:40] beneficial use of wildlife

[17:40] without damaging any of the

[17:42] crops on the private property to

[17:42] its south.

[17:44] in your packet you'll find a

[17:46] letter of concurrence from the

[17:48] Morgan County Board of

[17:48] commissioners on this property

[17:50] transaction proposal and with

[17:50] that I ask for your support and

[17:52] I'm happy to take any questions.

[17:54] Thank you M Hamming does the

[17:54] committee have any questions on

[17:55] this project?

[18:00] seeing none that concludes the

[18:02] presentations for the projects

[18:04] we are to the motions and the

[18:06] first one up that we have is the

[18:08] Lahara reservoir madam vice

[18:08] chairir.

[18:16] I moved that Cdc recommends

[18:18] support for the fee title

[18:22] acquisition of 2427 acres

[18:24] surrounding the Lahara state

[18:26] wildlife area from the state

[18:34] land board 60 67,500 acres

[18:34] for 20

[18:38] dollars I'm so sorry

[18:44] Yeah yeah $667,500 for 2,427

[18:48] acres that is a proper motion

[18:48] Mr. Amazada please call the

[18:49] roll.

[18:50] Committee members Henriksson

[18:52] himaro

[18:54] yes

[18:56] helton be excused Richardson

[19:02] story yes Mr Chair yes and that

[19:02] passes unanimously

[19:05] Next up is the Fisher's eak

[19:05] project madam vice chairir.

[19:10] I moved that Cdc recommends

[19:12] support for the fee title

[19:16] acquisition of 13.31 acre parcel

[19:18] adjacent to Fisher's Peak State

[19:22] Park $230,000 for 13.31 acres

[19:24] that is a proper motion Mr.

[19:24] Amazad please call the roll.

[19:26] committeetee members Henriksson

[19:28] himaro

[19:30] yes Helton excused Richardson

[19:34] yes

[19:34] story yes

[19:36] yes and that passes unanimously

[19:40] Next up we have the Paloma

[19:40] prairie state wildlife areaa

[19:41] madam vice chair.

[19:46] I move that Cdc recommends

[19:48] support for the fee title

[19:50] acquisition via donation of

[19:54] 17,065 Weld CountyRoad 28

[19:58] Platteville, Colorado for noco

[20:00] for 640 acres that is a proper

[20:02] motion, Mr. Amazada please call

[20:02] the roll.

[20:04] it te e members henrikssoniimaro

[20:08] yes Hlton excused Richardson

[20:14] Yes story yes Mister Chair yes

[20:14] and that passes unanimously and

[20:16] last step we have the cottonwood

[20:17] State Wildlife Area madam vice

[20:17] chair.

[20:24] I move that CdC recommends

[20:24] support for the acquisition of a

[20:26] perpetual irrigation water

[20:28] conveyance easement for the

[20:30] cottonwood state wildlife

[20:32] Area7,500 dollars for less than

[20:34] one acre that is a proper

[20:36] motion, Mr. Amazada please call

[20:38] the roll. Committee members

[20:38] henriksson hiimaro

[20:42] yes Helton excused Richardson

[20:48] story Yes Mr Chair yes and that

[20:50] passes unanimously. thank you

[20:50] for being here today you very

[20:51] much

[20:54] Next up members we have a

[20:58] presentation from the P3 project

[21:02] department for updates do

[21:02] we have Tomuric here

[21:06] camemeron Kennedy and Louordova.

[21:36] wants to start us off

[21:44] Good morning Mr Chairormerrick.

[22:04] thank you for taking the time to

[22:06] listen to my update on the p3

[22:08] unit's progress today I want to

[22:08] give you a clear view of where

[22:12] the portfolio stands the value

[22:12] of these projects can create for

[22:14] Colorado and the s and the work

[22:16] still required to deliver them.

[22:48] we have moved forward from

[22:48] building a new program the

[22:50] matting is just a substantial

[22:52] statewide pipeline that's

[22:52] meaningful progress for our

[22:54] office it also means that for

[22:56] some of these projects we are

[22:58] now doing the difficult but

[22:58] necessary middle stage work

[23:00] where entitlement infrastructure

[23:02] financing and community issues

[23:04] have to be solved before

[23:04] construction can begin.

[23:08] The unit exists to term public

[23:08] assets and public priorities

[23:10] into viable projects that the

[23:11] state could not deliver alone.

[23:14] This update shows that portfolio

[23:16] with real scale strong

[23:18] development partners and a

[23:18] disciplined path from

[23:19] opportunity to implementation.

[23:30] this is the show's our statewide

[23:31] p free delivery platform

[23:36] SB22130 gave the state a

[23:38] dedicated platform for

[23:38] developing public private

[23:40] partnerships we do much more

[23:42] than just identify the land. We

[23:44] test feasibility run competitive

[23:46] procurements negotiate

[23:48] agreements coordinate agencies,

[23:50] local governments and we stay

[23:51] involved throughout the

[23:52] implementation.

[23:54] eachach one of these steps

[23:56] listed here takes time

[23:56] throughout the process

[24:00] or measure of success is not the

[24:02] number of ideas announced it is

[24:04] the number of wellstructured

[24:04] projects that deliver public

[24:06] benefit while protecting the

[24:06] state.

[24:14] current portfolio outlook

[24:16] portfolio now includes eight

[24:18] active projects more than 1600

[24:20] proposed affordable and tainable

[24:22] homes at least4 childcare

[24:24] facilities more than 390 million

[24:26] in expected private investment

[24:28] and more than 13 million in

[24:30] projected program revenue over

[24:30] 10 years.

[24:32] we are also honored that the

[24:36] unit was named a 2026 P3 awards

[24:38] finalist for public sector

[24:38] procuer of the year by the p3

[24:39] bulletin

[24:42] that recognition is significant

[24:44] because it comes from the

[24:46] internationalal P3 industry and

[24:46] reflects the quality of the

[24:48] platform Colorado has built in a

[24:49] short period of time

[24:50] it recognizes the hard work of

[24:52] our team our agency partners in

[24:54] the private and community

[24:54] partners helping move these

[24:56] projects forward. we're proud of

[24:58] it while recognizing that the

[24:59] ultimate measure of success will

[25:00] be delivering these projects for

[25:01] Colorado.

[25:04] these numbers show the promise

[25:04] of the portfolio

[25:10] Can I just ask a quick question.

[25:12] I'm sorry. we were having a

[25:14] few words for a moment but thank

[25:18] you. I just took liberty while

[25:20] you were away I'm I'm curious

[25:22] like who is awarding the award

[25:24] and you might have stated it and

[25:24] I apologize for our sidebar.

[25:26] k ir k

[25:30] thank you Mr Chair. Madam Weiser

[25:32] it's the P3 bulletin their

[25:32] industry

[25:38] magazine slash consortium so

[25:38] they do an award for

[25:42] the public private partnerships

[25:44] around the around the world this

[25:46] is a word for the Americas so

[25:46] we're actually going up against

[25:48] the University of Kansas the

[25:50] Brazil land transformation

[25:52] agency and the Guatemalan

[25:53] infrastructure agency.

[25:55] you

[26:00] obviously the these numbers

[26:02] these are not guaranteed

[26:04] outcomes so our responsibility

[26:04] is to convert the promise into

[26:06] durable agreements and complete

[26:06] a project

[26:15] Repeatable p3 delivery model

[26:18] this is something we have

[26:18] developed since the beginning of

[26:19] our office

[26:22] and this slide explains why

[26:24] major pc projects take time. A

[26:26] good concept must survive

[26:28] feasibility work, market

[26:30] testing, procurement agreement

[26:32] negotiations, public approvals

[26:34] entitlement financing and

[26:36] construction. Each step proje

[26:36] protects the state and improves

[26:38] the likelihood that the project

[26:39] can actually perform.

[26:42] as you can see from the

[26:44] timelines listed, each phase can

[26:46] move quicker or slower depending

[26:46] on the project and the project's

[26:47] circumstances

[26:50] pe ed matters but door

[26:52] durability matters more skipping

[26:54] diligence might make a project

[26:55] look faster at the beginning

[26:56] and creates much greater cost

[26:57] and exposure later.

[27:10] I'll go over some of our our

[27:11] projects that are active right

[27:11] now

[27:16] the AA Ball field project AE

[27:16] moving toward financial close on

[27:18] a high valuable mixed use

[27:22] project 168 homes serving

[27:24] households from 60 to100% of AMI

[27:26] along with an early childhood

[27:28] educator education center that

[27:29] will serve the campus and its

[27:29] surrounding community.

[27:32] because of the rise of interest

[27:34] rates and construction costs

[27:36] since the inception of this

[27:38] project four years ago. The

[27:38] project has gone through many

[27:40] iterations to go where we are

[27:40] today.

[27:44] The p3 unit's continuous

[27:44] spending authority allowed us to

[27:46] be a flexible partner for them

[27:48] and help preserve a project with

[27:50] significant housing workforce

[27:50] and childcare benefits.

[27:54] The immediate focus going

[27:56] forward now is financial close

[27:56] followed by groundbreaking

[27:58] early next year

[28:08] So arttline village project

[28:14] Ortline village will turn 14.4

[28:16] acres of underutilized state

[28:18] property into approximately 195

[28:20] homes including 120 affordable

[28:22] rentals and75 for sale homes

[28:24] plus a childcare center two in

[28:26] home childcare spaces and artist

[28:27] studios

[28:30] thanks to the CDC approval

[28:32] earlier this year we continue to

[28:32] work diligently on moving

[28:33] forward on this project.

[28:36] the local zoning code repeal in

[28:38] Lakewood earlier this year

[28:40] did set back the timeline for

[28:42] the project and that was outside

[28:43] of our control but it did not

[28:44] erase the project's value. We

[28:46] adjusted the timeline retained

[28:48] the team and continue working

[28:48] toward agreements and

[28:49] entitlements

[28:50] this is exactly the kind of real

[28:52] world risk a long term

[28:54] development program must be

[28:56] equipped to manage and really

[28:58] shows the benefits of having a

[28:58] committed partnership in

[28:59] projects like these

[29:02] we are currently starting the

[29:02] community engagement project

[29:04] process for the rezoning of the

[29:05] parcels

[29:06] madam vice chair

[29:10] thank you Mr Chair. Mrurrick,

[29:12] would you mind sharing a little

[29:16] bit more about the the change

[29:16] in the zone the repeal of the

[29:20] zoning code in Lakewood and

[29:21] why that impacted this project

[29:21] just

[29:24] just for fun

[29:24] Mrurrick

[29:26] sure

[29:28] thank you Mr Chair. we had

[29:30] worked with the city of Lakewood

[29:32] as they were redesigning their

[29:34] zoning code originally and they

[29:36] had rezoned our parcels to

[29:37] fit

[29:42] this project. when the city

[29:44] and the voters repealed the the

[29:44] zoning the new zoning code that

[29:46] they had implemented throughout

[29:46] the city

[29:50] we now have gone back to the

[29:52] original zoning of the parcels

[29:53] which was

[29:56] MEs which Lakewood was actually

[29:58] trying to get out of

[30:00] completely of their zoning code

[30:00] because it it it

[30:04] it says that50% of office space

[30:05] has to be on the property.

[30:08] and that's just

[30:10] in in today's time that they

[30:12] don't feel that's a realistic

[30:14] option for for their zoning

[30:16] code. so now we we have to go

[30:18] through the rezoning process

[30:20] which is about an8 to12 w2 month

[30:21] process

[30:30] of

[30:38] governor's mansion parking lot

[30:44] This compact site shows how a

[30:46] small state asset can produce

[30:46] several benefits at once

[30:48] The proposal adds approximately

[30:52] 67 mixed income rental homes

[30:54] preserves 28 parking spaces for

[30:56] mansion operations and directs

[30:58] ground lease revenue to long

[30:59] term mansion maintenance.

[31:02] the strength of this proposal is

[31:04] its alignment housing in central

[31:04] Denver continued mansion

[31:06] functionality and a permanent

[31:08] revenue source for a historic

[31:09] state asset.

[31:12] we have had supportive

[31:14] conversations with the local

[31:14] neighborhood groups and city

[31:16] councilwomen for this project

[31:18] and the goal for for us will be

[31:20] to come for approval for

[31:22] before CDC in October

[31:26] Madam vice chair thank you Mr

[31:29] Chair. is this somewhat a

[31:29] conceptual

[31:34] picture of what it might look

[31:34] like

[31:38] thank you Mr Cha. Yes, this is a

[31:42] conceptual idea of of the of the

[31:42] design from Adamerger

[31:43] development

[31:44] thank you

[31:48] have a quick question just

[31:50] looking at the page that was

[31:52] given to us and kind of a a

[31:54] spreadsheet listing out kind of

[31:56] the where where every project is

[31:58] in the process and and whatnot

[32:00] you know developer partner

[32:02] procrude development agreement

[32:04] executed site evaluation

[32:06] feasibility etc and goes

[32:08] throughout I guess I'm just

[32:10] curious in there on these

[32:12] projects was there any thought

[32:14] about putting a column in there

[32:14] about where it is in in regards

[32:15] to approval by

[32:18] the CDC or or in regards to kind

[32:19] of state approval or or or

[32:24] thank you senator Majolka

[32:26] cameron Kennedy director of

[32:30] state properties with DPA we we

[32:32] have issues we have to manage

[32:34] that are both interior and

[32:36] exterior and the table you were

[32:37] provided contemplates the

[32:40] exterior issues the interior

[32:40] issues include procurement Cdc

[32:44] approval and other issues that

[32:44] we have to address within the

[32:46] state as we move forward through

[32:48] these projects but we can

[32:50] certainly put that together and

[32:50] and have that to you

[32:51] pretty quickly.

[32:54] yeah I I I just speaking for

[32:56] myself as a member of the

[32:56] committee I think there would be

[32:58] some value to it just to see

[32:59] where where you all are

[33:00] internally on the on the

[33:02] projects as well. I this is

[33:04] valuable as well obviously

[33:06] but I think the internal

[33:06] information is is just as

[33:07] valuable so appreciate it you

[33:16] Goldenan

[33:20] goolden Range is the largest

[33:22] housing initiative to date for

[33:24] the p3 unit it's approximately

[33:26] 378 homes across rental and for

[33:28] sale products serving households

[33:32] from 30 to140% of AMI it creates

[33:34] both affordable rental options

[33:34] and attainable paths to

[33:36] homeownership in a very

[33:36] constrained market.

[33:38] we have had productive

[33:40] conversations with the city of

[33:42] Goldenta and they have pledged

[33:42] some of their private activity

[33:44] bonds in support of the project

[33:45] as we move forward

[33:48] the scale makes golden ranges

[33:50] especially compelling and also

[33:52] makes careful phasing essential.

[33:54] Weenga we are engaging on site

[33:56] and community issues now so the

[33:56] state can make informed

[33:58] decisions before entering

[33:58] binding long term agreements

[34:02] this project is on track to

[34:04] complete zoning in late 2027 and

[34:06] hope to commence construction in

[34:08] 2028. from that point since some

[34:10] phases of the project depend on

[34:12] competitive funding rounds the

[34:14] project completion timeline for

[34:15] all phases is expected to be4

[34:15] to7 years.

[34:19] ma'am vice chair

[34:22] I'll just insert a question

[34:26] and doesn't matter like when

[34:28] you know you address this in

[34:30] your presentation but in these

[34:32] residential properties where

[34:36] there's a range of AMI units

[34:38] that are going in. I'm curious

[34:40] for each of the projects like

[34:42] what percentage

[34:46] of the units will be you know

[34:46] the various AMI

[34:50] you know elements in them just

[34:50] to get

[34:54] you know a sense of what it

[34:56] might look like but it you know

[34:56] it can happen at the end or

[34:57] whenever.

[35:02] unfortunately because of the way

[35:06] the financing works it's hard to

[35:08] nail that down upfront as we

[35:10] get closer to CDC approval we'll

[35:12] have a better understanding of

[35:16] kind of the the project it

[35:16] still won't be exact but we'll

[35:18] have a better understanding of

[35:20] buckets but we can we can try

[35:22] to work on that for you that'd

[35:22] be great thank you

[35:32] Durango redevelopment project

[35:38] Durango demonstrates the unit's

[35:38] statewide reach and its ability

[35:39] to build projects with local

[35:40] governments

[35:42] the current concept will create

[35:44] more than 136 mixed income homes

[35:46] serving households from 30

[35:46] to120% of AMI.

[35:50] the city and the pC unit have

[35:52] entered it in the MU for this

[35:54] project and coordinating on how

[35:55] to best solve the community

[35:56] needs while making this a

[35:58] successful project for the p3

[36:00] unit. The city has discussed the

[36:02] potential of private activity

[36:04] bonds and an urban renewal

[36:04] district for this property as

[36:05] well.

[36:08] the next step for this project

[36:10] is market competition. The goal

[36:12] will be to release an RFQ late

[36:13] this year early next and it will

[36:14] help tell us how qualified teams

[36:16] would best convert the public

[36:18] concept into a financeable and

[36:18] deliverable project.

[36:31] Red rockck's TOD unsolicited

[36:31] proposal

[36:36] Red rockcks presents a different

[36:37] kind of opportunity.

[36:40] Mortensonvelopment proposed to

[36:41] acquire prop privately owned

[36:41] land

[36:44] donated to the state and we

[36:45] would grandly sit back

[36:50] to them for 333 to400 workforce

[36:51] rental homes near transit.

[36:54] providevidentsourcesroup would

[36:56] finance the project primarily

[36:58] through bonds repaid from

[36:58] project revenue rather than

[36:59] state funding.

[37:02] the housing part of this project

[37:04] is obviously a large number of

[37:05] units that would have a great

[37:06] impact on workforce housing but

[37:08] the potential long term

[37:09] financial return is also

[37:09] important.

[37:12] after the bonds are repaid the

[37:14] developers compensated and

[37:16] project expenses are covered. on

[37:18] that project revenue would would

[37:19] return to the unused property

[37:20] fund

[37:22] if the project performs as

[37:24] anticipated that revenue could

[37:25] be a game changer for the

[37:25] program.

[37:28] it could give the unit a larger

[37:29] budget to invest more

[37:30] substantially in future projects

[37:32] and the flexibility to take on

[37:33] different types of public

[37:33] priorities over time.

[37:38] can I ask a quick question

[37:42] Mrerrick? So the process is kind

[37:44] of makes you a little dizzy to

[37:44] think about that they buy it and

[37:46] then give it and then lease it

[37:50] back and whatnot and so that

[37:52] aside I'm sure we can get in the

[37:52] details in the future on this.

[37:54] Would there is a proposal then

[37:56] that that company Mortensen it

[37:58] would only be their employees

[38:00] that would be eligible to to

[38:02] utilize these units or what how

[38:03] would that how would that

[38:04] operate?

[38:08] no the the the whole

[38:09] community any anyone would be

[38:10] able to rent those units so

[38:14] then that I guess that that

[38:16] makes my question like that

[38:18] makes that that first question

[38:20] even bigger than I guess where

[38:22] why why would why would a

[38:24] company purchase property donate

[38:28] it and then pay to lease it

[38:30] back. I I don't understand

[38:30] there's there's a couple of

[38:36] reasons one is that the they

[38:36] want to do workforce housing

[38:38] they they want that's kind of

[38:42] their their their social part of

[38:44] their their company they want to

[38:46] do this. The second reason is

[38:48] providednsourcesroup

[38:50] does these type of social

[38:52] infrastructure projects across

[38:54] the country. they've done

[38:56] hospitals they've they've

[38:58] done projects student housing

[38:59] and they are

[39:02] if it's state land they are able

[39:03] to get tax exempt bonds

[39:08] and that makes these projects

[39:10] feasible for them to build

[39:12] with a with the lower interest

[39:14] rates and and that's kind of

[39:16] where the the the ability to

[39:16] do the project comes from

[39:22] yeah and I'm I'm still confused

[39:22] with Mortenson then be the

[39:24] company that builds it would

[39:26] that be part of the deal or they

[39:28] would build the project so ok so

[39:28] that now that's kind of coming

[39:30] together so they purchased the

[39:34] land donate it lease it back but

[39:36] part of the deal is is they are

[39:38] the they're the organis or the

[39:39] company that would build the

[39:40] units

[39:44] thank you madam vice chairir.

[39:46] thank you Mrir

[39:48] but it's it's financed by

[39:48] Providentsources Group.

[39:52] and they're the nonprofit

[39:54] Mortenson is not a nonprofit

[39:56] nonprofit so they would they

[39:56] would they would make some

[39:58] profit off the project yeah of

[40:00] course

[40:04] but the state would own the land

[40:06] and the state would receive

[40:06] revenue as a lease

[40:10] the state would have so the

[40:12] state would have received the

[40:14] revenue as a as a ground lease

[40:15] until the

[40:18] they would all net operating

[40:19] income

[40:19] and

[40:22] after the not just the lease but

[40:23] until the once the project's

[40:23] stabilized

[40:28] we would receive all net

[40:30] operating income after debt is

[40:33] paid and after operations are

[40:34] are paid so in the 1st 10 years

[40:36] we would receive around8.7

[40:40] million dollars after you 30

[40:42] about42 million and after you're

[40:43] 50 about 213 million.

[40:48] and what would the is so it's

[40:52] it's saying federal grants or or

[40:54] you know it's talking about

[40:54] federal dollars potentially

[40:56] coming in will the state be

[40:58] spending any money then or is

[40:58] that just pure

[41:00] yeah my kirk

[41:04] no so the the property would pay

[41:06] for it for itself the the

[41:08] property would pay for all

[41:10] operations and you would just

[41:11] pay for the property

[41:14] to manage it itself and so those

[41:14] dollars are just pure

[41:18] profit to the state or to the

[41:20] program I assume it would stay

[41:20] within the p3 program is that

[41:22] correct? unused state property

[41:23] fund

[41:24] would be the idea

[41:24] madam vice chair

[41:30] and while adhering to the 80 to

[41:30] 100% AMI.

[41:31] throughout

[41:35] from now ti forever and

[41:36] eventually the bonds were paid

[41:38] off there would be

[41:42] flexibility to to lower those

[41:44] AMIs if if we decided to

[41:46] because we were we wouldn't be

[41:48] needing to pay off that that

[41:49] service.

[41:52] but but you but the state would

[41:54] be responsible for maintenance

[41:56] of the of the facility we would

[41:58] not be maintenancing ourselves

[42:00] but we would be responsible for

[42:04] we would work with a a board

[42:06] to hire a there's a do the the

[42:09] the money it would take to to

[42:10] maintain the property would be

[42:12] the responsibility of more

[42:14] coming out of those revenues

[42:16] Mortenson is is right now

[42:22] posingmison's company which is a

[42:23] a maintenance company. OK.

[42:30] Again kudos I think that's a

[42:31] really interesting

[42:32] project a man vice chair

[42:38] I might have read it somewhere

[42:40] but now I don't remember where's

[42:41] the this location?

[42:44] happening so this site is

[42:48] located in Lakewood and it's

[42:48] right near the Red rockcks

[42:49] Community Collegeation.

[42:50] got you

[42:57] and we would like to return in

[43:00] October with more details on

[43:02] this project before we

[43:06] spend any budget on it or

[43:08] anything I wanted to really get

[43:08] kind of bring it by you guys and

[43:11] and and get your perspective

[43:12] before we move forward.

[43:16] there any other questions or

[43:17] comments on this?

[43:22] No I think it's yeah, I'm I'm

[43:24] excited to get more information

[43:24] on it it seems seems exciting so

[43:26] thank you

[43:36] I will now pass it over to Lou

[43:38] Lou Cordova'm here

[43:42] Cordova Hi everyone

[43:44] Hi everyone it's good to see you

[43:46] again.

[43:50] we have taken a bipartisan

[43:52] approach to the new development

[43:54] contract we're still building a

[43:56] global energy park but with a

[43:58] security focus so we believe

[44:00] that energy and grid security is

[44:02] critically important and

[44:02] Colorado has a chance to

[44:04] leverage our labs and

[44:06] universities and take a leading

[44:08] role in this type of research

[44:10] and commercialization of

[44:12] innovative technology. So the

[44:14] first phase will be about 60,000

[44:16] square feet now 20,000 of that

[44:18] will be at the highest level of

[44:20] security it's called a skiff

[44:22] which is a sensitive

[44:24] compartmented information

[44:27] facility and the other40k will

[44:28] surround that most secure part

[44:32] with various levels of security

[44:34] additional phases are

[44:36] expected in future years based

[44:39] on demand and we're we're happy

[44:42] with this sort of much more

[44:44] focused approach on energy

[44:46] security we think it gives

[44:46] the local county

[44:48] a chance to absorb this first

[44:50] phase in terms of track traffic

[44:52] and economic stimulus

[44:56] and in 2026 we are working on

[44:58] tenant recruitment now the

[44:59] contract has been signed with

[44:59] Kapla

[45:04] uhvelopment and ryan struction

[45:06] that has built these kinds of

[45:06] secure facilities before

[45:10] and we will be moving to the

[45:12] location and extent process with

[45:14] Jefferson County shortly and

[45:16] that will involve continued

[45:17] community engagement

[45:22] that's it for now. Thank you

[45:22] Missorova Does the committee

[45:23] have any questions?

[45:28] kirk

[45:36] if you have any questions?

[45:36] Perfect. thank you. does

[45:38] committee have any questions on

[45:39] this update?

[45:44] had one more

[45:48] so I know you gave kind of a

[45:52] schedule or a amounts of time

[45:52] that certain project you know

[45:54] that projects take like general

[45:58] you know and years of work to

[46:00] get these projects done but

[46:02] going back to the golden range

[46:04] project where there are

[46:06] numbers of different phases and

[46:07] so

[46:11] are are you anticipating like

[46:14] one phase at a time is being

[46:16] built or potentially multiple

[46:18] phases are in different phases

[46:22] of construction like ongoing at

[46:23] the same time but staggered like

[46:26] I'm just curious like how long

[46:28] would you anticipate to build

[46:28] out all these phases of

[46:32] property you know residential

[46:34] housing thank you Mr Chair.

[46:38] yes there could be multiple

[46:40] phases being built at at

[46:42] once. it really depends on the

[46:44] competitive funding rounds

[46:46] and there's three separate

[46:48] developers working on it so some

[46:50] developers have two phases so

[46:52] they may not build both phases

[46:54] at once and then maybe one

[46:58] after the other but we expect

[46:58] from the time construction

[47:02] begins in 2028 that we would

[47:04] complete the final phase in

[47:05] about4 to7

[47:07] years depending on that

[47:07] financing.

[47:10] have one more weird question

[47:12] thank you Mr Chair.

[47:16] would any of this development

[47:20] that the P3 is doing with you

[47:20] know, developers who would be

[47:24] actually constructing the the

[47:24] projects

[47:28] are any of them gonna be wrapped

[47:29] up in metro district

[47:30] form

[47:32] kirk

[47:36] thank you Mr chair at this time

[47:38] there's there's not a plan to do

[47:42] that we we we've not gone

[47:44] that route yet and there's no

[47:46] plan in place. I can't say

[47:46] that that that won't happen for

[47:47] any of them if

[47:50] if we go to explore that for

[47:52] some infrastructure costs but at

[47:53] this time that is not the plan.

[47:56] madam vice chair I would just

[47:57] say that that would be

[48:02] a huge problem on these projects

[48:04] especially when we're looking at

[48:06] the AMI ranges that we're

[48:08] looking at, especially the ones

[48:10] that are 100% or lower

[48:14] it would be mort defying and

[48:16] devastating to the property

[48:16] owners

[48:20] to the point where they likely

[48:22] wouldn't be able to stay there

[48:22] long term

[48:24] it would be

[48:28] it would be a really poor life

[48:28] choice for us to move in that

[48:29] direction.

[48:30] just saying

[48:32] good to know

[48:38] so no further questions just

[48:40] really wanna give credit to you

[48:42] all I think that these updates

[48:44] are valuable and so kind of

[48:44] keeping this line of

[48:46] communication open with this

[48:48] committee a lot of credit to

[48:50] you and I think that helps as we

[48:52] get into session when things

[48:54] start getting busy that we're

[48:54] getting these updates

[48:56] periodically so that you know we

[48:58] know where the projects are and

[49:00] whatnot and I just think that

[49:02] helps out with the process a lot

[49:02] and so really appreciate you

[49:04] coming before us today and this

[49:05] information it seems like you

[49:06] got a couple

[49:08] pretty exciting projects on the

[49:10] horizon and I know I'm

[49:10] excited to to hear more about

[49:12] him but more importantly I

[49:14] think just for the work that

[49:16] we're doing as as a committee

[49:16] I appreciate you coming before

[49:18] us like this and and keeping

[49:20] this line of communication open

[49:21] so thank you.

[49:23] thank you thank you thank you

[49:26] Mrir and I just tack on similar

[49:28] comments I really appreciate the

[49:30] depth of detail that you're

[49:34] getting into and of course

[49:36] it's it's still sort of overview

[49:40] but it's enough to help us

[49:40] understand where projects are

[49:42] going and how they're developing

[49:43] and it's certainly

[49:48] more helpful than where we have

[49:49] been with previous projects

[49:49] where

[49:53] there were so many questions and

[49:54] I think in many cases we didn't

[49:56] know enough to even know what

[49:58] questions to ask but I

[50:00] appreciate the the level of

[50:02] detail that you're sharing it's

[50:03] super helpful

[50:08] thank you thank you thank you

[50:10] for being here members we do are

[50:12] going to do a staff update

[50:12] before we adjourn but I also

[50:14] want to make a couple of

[50:16] announcements one I wanna

[50:18] welcome Mr Armstrong to the

[50:19] capitalpital Developmentittee

[50:22] really excited to have you

[50:24] Mr Armstrong gonna missm Fong

[50:26] but but really excited to

[50:28] have you on the team working

[50:30] with us and so happy to serve.

[50:32] yeah thank you and members we

[50:33] also I want to before we get in

[50:35] the step update just want to

[50:36] welcome some guests that we have

[50:38] here with us from the state of

[50:40] Wyoming research and evaluation

[50:42] division we have the we have

[50:46] Matthew Petrie who heads up

[50:48] their division and then we

[50:50] have some research analystsierre

[50:52] Chesna, Libby Miles,

[50:56] Jesssechaffer regulatory impact

[50:58] and analysts corey Mccauliffe

[51:00] and Oliverwatson and so thank

[51:02] you for joining us today in

[51:03] our committee and hopefully

[51:03] we

[51:06] didn't scare you all away

[51:08] with our craziness here

[51:11] today or lack thereof so

[51:12] but welcome to Colorado and

[51:12] thank you for joining us Miss

[51:13] Forbes.

[51:16] thank you Mr Cha Nina Forbes

[51:18] legislative council staff you

[51:20] already gave part of the update

[51:22] I was going to give but just to

[51:24] reiterate Mr Fung has moved

[51:26] over to JBc staff so you'll

[51:28] still see him around but not in

[51:30] this particular committee

[51:32] yeah and John John Armstrong has

[51:34] joined us as our fiscal analyst

[51:36] on CdC staff and then also on

[51:38] the alls side we have two new

[51:40] folks there as well we have

[51:42] Stephhanie Shroub and then

[51:44] Richard Sweetman joining us

[51:44] for our

[51:48] all us CDc folks so yeah just

[51:48] excited to have this team

[51:50] together. Perfect. welcome thank

[51:52] you all for for joining us it's

[51:54] going to be an exciting year.

[51:56] any final comments or questions

[51:57] before we adjourn.

[52:00] seeing none that completes our

[52:02] committee in the

[52:02] capitalvelopmentittee is

Capital Development Committee [Sep 15, 2026]

Agenda

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