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called the roll

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Committee members Henrickson

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here

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maro

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excused all tent erelton b

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excused

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Richardson

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here

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ory here Mr Chair

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here members first thing on

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the agenda today is

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consideration of higher

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education cash fund requests

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from pueblounity College. do

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we have president Hazel becker

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come on up

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Welcome to the CdC President

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Hazelbucker do you want to start

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us off?

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chair and members of the

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committee thank you so much for

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the opportunity to talk about

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this important project for

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pueblo Community College today.

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so today I'm requesting your

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authority to purchase and

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remodel a building in pueblo

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west Colorado. we're currently

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calling this the pueblo west

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tradede building. the

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acquisition would allow us to

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get about 16,000 square feet

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2.679 acres. The keys for us are

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really there's kind of three

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keys why we are asking for the

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authority

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to spend this $3.75 million. the

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three key messages for us are is

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Senator Henrickson will know the

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fastest area of pueblo is pueblo

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west this facility will

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specifically serve welding

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and automotive students and

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those are two of the fastest

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growing programs at pueblo

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Community College and there's

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really 3 key points on this for

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us.umber one is this is pure

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growth for us so that we

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actually have 140 students ready

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to go 160 students'm sorry 160

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students ready

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to go in these programs today

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that we don't have capacity to

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serve so when we opened the

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building in pueblo west in the

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fall with your permission we

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will be actually adding 160

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students to our roles that are

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currently on waiting lists

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either at pueblo West High

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School or at pueblo Community

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College so we have the students

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this is also the happyppy

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project where you also have the

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employers. so if you look at the

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employment numbers we have

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pueblo is still highly reliant

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on manufacturing and we know

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that we have employers ready

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to

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hire these folks had a meeting

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for instance with CS Wi one of

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our important local partners

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and they told me the other day

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that they would take 120 welders

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if I could turn them out

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tomorrow. frankly I can't turn

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them out tomorrow because I

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don't have the space to do that

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so that we know that we have

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employment in these areas and

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then the final key point for us

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is this allows us to expand our

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facility into the largest

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growing area of the county into

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a facility that doesn't have any

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restraints in terms of what we

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can do there in terms of welding

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and automotive. it's already

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indus

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tri al it's already being used

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by a for profit education

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provider to provide similar

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training though they're not

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doing welding they're they are

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doing automotive there so it

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provides us a good space in an

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area of the county that's

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growing so really appreciate

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your consideration of this

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project and happy to answer any

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questions.

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this committee have any

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questions for

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the president

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madam vice chair thank you Mr

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Chair. I don't really have any

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questions but I'm glad you

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figured out a path going

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forward. I think this is

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great just given the workforce

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need that's out there and so

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yeah I think it'll be great

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thank you we're very excited

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thank you madam vice chairir let

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the record reflect

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thatpresentativemaro is with us.

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I do have maybe one or two

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questions when we look at the

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cost is that the cost of

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the property coupled with the

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cost of any retrofitting is that

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all in? Yep so 2.85 million is

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the purchase price for the

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property and then it's a little

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a little under a million is what

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the retrofit will cost us what

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is the property appraised for do

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we know that I don't know that

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yeah the

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property was originally put on

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the market at 3.5 million. we

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did work with the owner of the

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property to get down to that

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2.85 purchase price but I

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don't have a current appraisal

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for you and then your

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partnership with pueblo

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disstrict se0 is that support

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essentially just kind of paying

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tuition for those students to

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come or is there any other type

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of support that comes along with

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that partnership. The

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partnership will include bussing

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so they're willing to bus their

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students from pueblo West High

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School to the facility and

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then Pueblo

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west has also been a school

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district that has been

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particularly helpful in

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providing the cost of materials

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books for those their

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students which you know isn't

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covered under the CE funding

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model so it's a it's a

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relatively minor investment on

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their end but the the

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partnership is a little bit more

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than just sending students

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perfect. Any further questions

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for

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the president

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seeing none madam Weister

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thank you Mr Chair. I move

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that CdC approve the new project

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listed on the pueblounity

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College two year projection of

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cash need that is a proper

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motion amazada please call the

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roll. Committee members

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Henrickson rightmaro

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yes

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helton be excused Richardson

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yes

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story yes Mister Chair yes

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congratulations that passes

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unanimously.

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thank you so much. thank you

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thank you for coming up and

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visiting with us today.

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Next up members we have

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consideration of property

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transaction proposals from CPw

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welcome

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I'm not sures do we have these

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other folks online then?

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we have Miss Hamming in person

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looks like I have KimRogers

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and then these other four will

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speak to the individual ones but

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if we can just bring them up so

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we're ready.ri mettenbrink, Rick

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Basiga crystal dryling and Todd

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Cozard

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while they're doing that do you

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want to start us off Miss Sammy?

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thanks so much Mr Chair members

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of the committee it's great to

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see you after a bit of a brief

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hiatus this summer.arrah Hamming

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I'm the director of legislative

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affairs with the department of

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naturaltural Resources and I'm

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here today to present four

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separate property transaction

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proposals for Colorado parks and

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wildlife alongside several of my

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CPw colleagues that are joining

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me online to help answer any

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questions that the committee may

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have.

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this morning I will be starting

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with the Lahara reservoir state

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wildlife Area fee title

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acquisition joining me online

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for this project we have

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KimRogers, CPw real estate

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section manager and Rick

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Bazagoitia CPw area wildlife

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Manager.

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CPw is seeking to purchase 2,427

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acres surrounding the existing

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Lahara reservoir state wildlife

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area in fee title from the state

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land board.

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DPw currently owns and manages

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approximately700 acres in and

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around this reservoir and this

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fee title acquisition will grow

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the state wildlife area to over

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3000 acres giving CPw directman

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control of the reservoir and the

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surrounding basin.

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Cpw will be responsible for4.85

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million dollars of this purchase

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cost which will be paid for

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using habitat stamp dollars an

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additional $1.2 million will be

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matched with funding from our

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partners including great

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Outdoors Colorado or goo the

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national fish and Wildlife

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Foundation and the Rio Grande

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headwaters Land Trust.

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The2427 acres at CPw is seeking

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to acquire have been owned by

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the state land board since 1881

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but CPw has leased these lands

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for multiple decades through the

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state trust lands hunting and

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fishing Access programme under

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CPw ownership the property will

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continue to provide public

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access for hunting, fishing,

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camping and wildlife viewing as

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CPw recognizes the recreational

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opportunities provided by this

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property are incredibly

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important to the residents of

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Canaos County.

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Direct management and control of

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the reservoir and surrounding

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shoreline will allow Cpw to

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preserve and enhance the

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wildlife habitat, continue

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public access and allow for

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continued continued seasonal

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grazing in a manner that will

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improve and maintain grass

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conditions and wetland habitat.

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in your packet you'll find a

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letter of support from theaddeos

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board of county commissioners

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along with a letter of support

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from minority leader Simpson and

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with that I ask for your support

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on this property transaction

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proposal and our team is happy

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to take any questions that you

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might have. Thank you M Hamming.

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I do have KimRogers and

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Rick Basogodia to speak to that

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or they just here for questions

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only on those projectsect

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maybe what we'll do is if we'll

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just go through them and then we

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can

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maybe we can just raise our

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hands if we have questions as

293
00:09:08,276 --> 00:09:08,526
the projects go along. do we

294
00:09:08,960 --> 00:09:09,210
have any questions on this

295
00:09:09,527 --> 00:09:09,777
project? madam vice chair

296
00:09:14,949 --> 00:09:15,199
thank you Mr Cha. I just am

297
00:09:16,768 --> 00:09:17,018
curious if there's anybody on

298
00:09:20,505 --> 00:09:20,755
the team that knows what the US

299
00:09:22,507 --> 00:09:22,757
Forest Service and Bureau

300
00:09:24,175 --> 00:09:24,425
oflandnd Management will be

301
00:09:24,742 --> 00:09:24,992
doing with their43,00

302
00:09:30,298 --> 00:09:30,548
hemming thank you Mr Chair and

303
00:09:32,533 --> 00:09:32,783
my colleague Rick Bazagoita

304
00:09:34,018 --> 00:09:34,268
will be able to speak to this in

305
00:09:34,752 --> 00:09:35,002
more detail but I did want to

306
00:09:36,070 --> 00:09:36,320
mention that there is as you

307
00:09:36,687 --> 00:09:36,937
have mentioned in the packet

308
00:09:38,289 --> 00:09:38,539
some detail about additional

309
00:09:40,024 --> 00:09:40,274
parcels that will be sold from

310
00:09:40,792 --> 00:09:41,042
the state land board to the

311
00:09:42,560 --> 00:09:42,810
federal government so the the US

312
00:09:44,545 --> 00:09:44,795
fish the US Forestervice and

313
00:09:46,264 --> 00:09:46,514
the Bureau oflandnd Management

314
00:09:47,031 --> 00:09:47,281
those parcels are a separate

315
00:09:48,583 --> 00:09:48,833
exchange and the state land

316
00:09:50,551 --> 00:09:50,801
board is hoping to finalize that

317
00:09:52,270 --> 00:09:52,520
sometime before the end of

318
00:09:54,038 --> 00:09:54,288
October so that is also in the

319
00:09:54,839 --> 00:09:55,089
works but I can turn it over to

320
00:09:56,557 --> 00:09:56,807
my colleague Rick to kind of

321
00:09:57,125 --> 00:09:57,375
speak to your question in more

322
00:09:57,792 --> 00:09:58,042
detail.

323
00:09:58,192 --> 00:09:58,442
Mr Becodia

324
00:10:04,015 --> 00:10:04,265
good morning chair vice chair

325
00:10:06,033 --> 00:10:06,283
members rick Bossagua Harry

326
00:10:08,019 --> 00:10:08,269
Wallach manager in the Sanmos

327
00:10:10,054 --> 00:10:10,304
alley. yes with regard to the

328
00:10:12,023 --> 00:10:12,273
forestervice andbLM they'll both

329
00:10:12,690 --> 00:10:12,940
be acquiring portions of this

330
00:10:13,357 --> 00:10:13,607
property

331
00:10:15,376 --> 00:10:15,626
they will essentially be

332
00:10:18,029 --> 00:10:18,279
managing them as they typically

333
00:10:20,331 --> 00:10:20,581
would forced and and BLM lands

334
00:10:20,998 --> 00:10:21,248
public lands

335
00:10:24,302 --> 00:10:24,552
we are working closely with them

336
00:10:26,037 --> 00:10:26,287
because close coordination on

337
00:10:26,788 --> 00:10:27,038
this is going to be important

338
00:10:30,024 --> 00:10:30,274
it's very it's critical wildlife

339
00:10:30,691 --> 00:10:30,941
habitat especially in the

340
00:10:31,242 --> 00:10:31,492
wintertime

341
00:10:34,745 --> 00:10:34,995
and a very very popular remote

342
00:10:36,964 --> 00:10:37,214
hunting and and other outdoor

343
00:10:38,749 --> 00:10:38,999
recreation property so they will

344
00:10:40,518 --> 00:10:40,768
continue to manage for multiple

345
00:10:42,720 --> 00:10:42,970
uses and and more most

346
00:10:44,505 --> 00:10:44,755
importantly by taking over the

347
00:10:48,025 --> 00:10:48,275
grazing management there that

348
00:10:48,876 --> 00:10:49,126
CPw just wouldn't be able to

349
00:10:49,427 --> 00:10:49,677
handle at that scale

350
00:10:50,728 --> 00:10:50,978
thank you

351
00:10:54,348 --> 00:10:54,598
Any further questions on this

352
00:10:55,032 --> 00:10:55,282
project?

353
00:10:56,934 --> 00:10:57,184
seeingun we'll move on to the

354
00:10:57,618 --> 00:10:57,868
next one assuming

355
00:11:02,240 --> 00:11:02,490
thank you Mr Chair. Moving on to

356
00:11:04,242 --> 00:11:04,492
the proposed Garluzzo fee title

357
00:11:06,027 --> 00:11:06,277
acquisition at Fisher's Peak

358
00:11:08,029 --> 00:11:08,279
State Park. I am joined online

359
00:11:08,763 --> 00:11:09,013
for this proposal by again

360
00:11:10,765 --> 00:11:11,015
KimRogers CPw real estate

361
00:11:12,517 --> 00:11:12,767
section manager and crystal

362
00:11:14,285 --> 00:11:14,535
Drrewing parkk manager with

363
00:11:16,287 --> 00:11:16,537
Fishers Peak State Park to help

364
00:11:16,904 --> 00:11:17,154
answer any questions that you

365
00:11:17,522 --> 00:11:17,772
may have on this proposal.

366
00:11:22,026 --> 00:11:22,276
CPw is seeking to acquire a 13.3

367
00:11:24,278 --> 00:11:24,528
acre parcel adjacent to Fishers'

368
00:11:26,030 --> 00:11:26,280
Peak State Park. The property

369
00:11:28,499 --> 00:11:28,749
was valued at $230,000 and will

370
00:11:30,718 --> 00:11:30,968
be paid for from lottery funds.

371
00:11:32,537 --> 00:11:32,787
The current property owners wish

372
00:11:34,288 --> 00:11:34,538
to sell this property to CPw for

373
00:11:36,290 --> 00:11:36,540
the purposes of contributing to

374
00:11:36,924 --> 00:11:37,174
meaningful outdoor recreation at

375
00:11:37,592 --> 00:11:37,842
the park.

376
00:11:40,294 --> 00:11:40,544
with the acquisition of this

377
00:11:42,096 --> 00:11:42,346
property, CPw will be able to

378
00:11:42,830 --> 00:11:43,080
design and build an attractive

379
00:11:44,515 --> 00:11:44,765
and functional entrance gate

380
00:11:46,517 --> 00:11:46,767
experience for visitors. The new

381
00:11:48,302 --> 00:11:48,552
park entrance will be accessed

382
00:11:50,037 --> 00:11:50,287
from the existing frontage road

383
00:11:52,039 --> 00:11:52,289
off ofi-25 allowing for safe

384
00:11:54,041 --> 00:11:54,291
accessible and scenic access to

385
00:11:56,260 --> 00:11:56,510
Fishers Peak State Park. In your

386
00:11:56,961 --> 00:11:57,211
packet you'll find a letter of

387
00:11:58,512 --> 00:11:58,762
concurrence for this transaction

388
00:12:00,264 --> 00:12:00,514
from the lasts animas County

389
00:12:02,266 --> 00:12:02,516
Board of Commissioners and with

390
00:12:02,967 --> 00:12:03,217
that I ask for your support on

391
00:12:04,035 --> 00:12:04,285
this property transaction

392
00:12:04,685 --> 00:12:04,935
proposal and we're happy to take

393
00:12:05,369 --> 00:12:05,619
any questions.

394
00:12:07,922 --> 00:12:08,172
the committee have any questions

395
00:12:08,589 --> 00:12:08,839
on this proposal?

396
00:12:12,376 --> 00:12:12,626
Seeing none will move on, Miss

397
00:12:13,077 --> 00:12:13,327
He

398
00:12:20,351 --> 00:12:20,601
Thank you Mr Chair. Next I will

399
00:12:21,986 --> 00:12:22,236
be presenting a property

400
00:12:22,603 --> 00:12:22,853
transaction proposal for CPw

401
00:12:25,973 --> 00:12:26,223
located within Weld County to

402
00:12:26,574 --> 00:12:26,824
establish a new state wildlife

403
00:12:28,359 --> 00:12:28,609
area that we are looking to call

404
00:12:30,394 --> 00:12:30,644
the Paloma prairie State

405
00:12:32,380 --> 00:12:32,630
wildlife Area. for this proposal

406
00:12:34,015 --> 00:12:34,265
I am joined again by KimRogers

407
00:12:34,715 --> 00:12:34,965
CPw real estate section manager

408
00:12:38,185 --> 00:12:38,435
andri Medenbrink CPw assistant

409
00:12:38,819 --> 00:12:39,069
assistant area wildlife manager

410
00:12:39,520 --> 00:12:39,770
to help answer any questions.

411
00:12:42,590 --> 00:12:42,840
c p w is looking to acquire

412
00:12:45,977 --> 00:12:46,227
approximately 640 acres of land

413
00:12:46,694 --> 00:12:46,944
in Weld County, the property was

414
00:12:48,629 --> 00:12:48,879
formerly used as a research site

415
00:12:50,214 --> 00:12:50,464
for the national aeronautics and

416
00:12:52,333 --> 00:12:52,583
atmosphericdministration or NOA.

417
00:12:54,235 --> 00:12:54,485
however the property has not

418
00:12:55,987 --> 00:12:56,237
been used for decades and the

419
00:12:56,637 --> 00:12:56,887
building on the property has

420
00:12:58,406 --> 00:12:58,656
since become dilapidated.

421
00:13:00,408 --> 00:13:00,658
pursuant to an act of Congress

422
00:13:02,193 --> 00:13:02,443
approved in 1948, the federal

423
00:13:03,995 --> 00:13:04,245
government is authorized to

424
00:13:04,629 --> 00:13:04,879
transfer surplus federal

425
00:13:07,982 --> 00:13:08,232
property to state wildlife and

426
00:13:08,649 --> 00:13:08,899
agencies for the purpose of

427
00:13:10,284 --> 00:13:10,534
wildlife conservation. CPw

428
00:13:10,835 --> 00:13:11,085
applied to

429
00:13:12,420 --> 00:13:12,670
receive this specific property

430
00:13:14,388 --> 00:13:14,638
under this federal provision and

431
00:13:15,973 --> 00:13:16,223
was approved for the exchange

432
00:13:16,841 --> 00:13:17,091
which will be of no cost to CPw

433
00:13:17,525 --> 00:13:17,775
to acquire.

434
00:13:20,361 --> 00:13:20,611
This exchange will allow CPw to

435
00:13:22,163 --> 00:13:22,413
establish a new statewide

436
00:13:23,981 --> 00:13:24,231
wildlife area and an area of the

437
00:13:24,632 --> 00:13:24,882
state that has great demand for

438
00:13:26,651 --> 00:13:26,901
hunting but rather limited

439
00:13:27,201 --> 00:13:27,451
opportunities

440
00:13:30,004 --> 00:13:30,254
the property is suitable for

441
00:13:30,888 --> 00:13:31,138
hunting small game and deer and

442
00:13:32,223 --> 00:13:32,473
will also provide the

443
00:13:32,757 --> 00:13:33,007
opportunity for grazing every

444
00:13:34,392 --> 00:13:34,642
couple of years to help improve

445
00:13:35,092 --> 00:13:35,342
the habitat on the parcel.

446
00:13:38,379 --> 00:13:38,629
The building currently located

447
00:13:39,964 --> 00:13:40,214
on the property will need to be

448
00:13:41,966 --> 00:13:42,216
demolished for safety purposes

449
00:13:42,667 --> 00:13:42,917
which is estimated to cost CPW

450
00:13:46,003 --> 00:13:46,253
approximately $200,000 in your

451
00:13:46,620 --> 00:13:46,870
packet you'll find a concurrence

452
00:13:48,172 --> 00:13:48,422
letter for this transaction from

453
00:13:48,889 --> 00:13:49,139
the Weld County Board of

454
00:13:50,157 --> 00:13:50,407
commissioners and with that I

455
00:13:51,993 --> 00:13:52,243
ask for your support and I'm

456
00:13:52,593 --> 00:13:52,843
happy to take any questions.

457
00:13:54,478 --> 00:13:54,728
any questions on this project

458
00:13:55,162 --> 00:13:55,412
from the committee

459
00:13:56,280 --> 00:13:56,530
Senator Henrickson

460
00:14:00,368 --> 00:14:00,618
thank you Mr Chair.

461
00:14:04,355 --> 00:14:04,605
thank you Misshamming. so this

462
00:14:08,192 --> 00:14:08,442
is one I mean 640 acres it's one

463
00:14:10,177 --> 00:14:10,427
square mile. it looks like from

464
00:14:12,113 --> 00:14:12,363
the satellite images the there

465
00:14:12,797 --> 00:14:13,047
is not

466
00:14:14,465 --> 00:14:14,715
in the adjacent

467
00:14:20,621 --> 00:14:20,871
640 acre blocks it it looks

468
00:14:21,205 --> 00:14:21,455
like there is not

469
00:14:24,542 --> 00:14:24,792
agriculture ongoing right now.

470
00:14:26,811 --> 00:14:27,061
Is there potential opportunity

471
00:14:27,495 --> 00:14:27,745
for

472
00:14:31,999 --> 00:14:32,249
for a lance's trust later on so

473
00:14:32,633 --> 00:14:32,883
that the the hunting

474
00:14:34,402 --> 00:14:34,652
opportunities on the land could

475
00:14:36,387 --> 00:14:36,637
be expanded to the greater

476
00:14:36,971 --> 00:14:37,221
property adjacent to it

477
00:14:40,357 --> 00:14:40,607
Sammy thank you for that

478
00:14:42,176 --> 00:14:42,426
question Senator Henrickson. I

479
00:14:43,944 --> 00:14:44,194
will turn that over to KimRogers

480
00:14:44,695 --> 00:14:44,945
CPw's real estate section

481
00:14:45,279 --> 00:14:45,529
manager Mr.Rogers

482
00:14:54,688 --> 00:14:54,938
you're muted miss rogers

483
00:15:03,230 --> 00:15:03,480
Thank you. good morning chair

484
00:15:04,782 --> 00:15:05,032
and committee members KimRogers

485
00:15:08,269 --> 00:15:08,519
real estate section manager for

486
00:15:10,771 --> 00:15:11,021
Colorado Parks and wildlife

487
00:15:12,990 --> 00:15:13,240
there isn't any other protected

488
00:15:18,045 --> 00:15:18,295
land around this property so

489
00:15:18,596 --> 00:15:18,846
it it would be

490
00:15:23,167 --> 00:15:23,417
purely a guess on my part as

491
00:15:23,734 --> 00:15:23,984
to whether or not

492
00:15:28,155 --> 00:15:28,405
we could expand this in the

493
00:15:28,756 --> 00:15:29,006
future

494
00:15:32,176 --> 00:15:32,426
and

495
00:15:38,232 --> 00:15:38,482
if I may respectfully remind

496
00:15:40,768 --> 00:15:41,018
the committee that generally we

497
00:15:42,186 --> 00:15:42,436
vote after each project

498
00:15:42,736 --> 00:15:42,986
thank you

499
00:15:48,275 --> 00:15:48,525
we will we will make a motion

500
00:15:48,976 --> 00:15:49,226
after the presentations for each

501
00:15:49,643 --> 00:15:49,893
project.

502
00:15:52,780 --> 00:15:53,030
Miss Hamy is there any further

503
00:15:54,598 --> 00:15:54,848
questions from the committee?

504
00:15:58,319 --> 00:15:58,569
seeing no I just I would like to

505
00:16:00,554 --> 00:16:00,804
say just credit to your

506
00:16:02,022 --> 00:16:02,272
department Misshamming. I think

507
00:16:02,690 --> 00:16:02,940
it's pretty neat that you're

508
00:16:04,792 --> 00:16:05,042
able to to kind of find this and

509
00:16:06,544 --> 00:16:06,794
and take advantage of you know

510
00:16:08,596 --> 00:16:08,846
this the program from the

511
00:16:09,113 --> 00:16:09,363
federal government to be able to

512
00:16:10,581 --> 00:16:10,831
acquire this and add it to the

513
00:16:14,034 --> 00:16:14,284
assets of of CPw and you know be

514
00:16:16,570 --> 00:16:16,820
able to have a a a piece of land

515
00:16:18,289 --> 00:16:18,539
you know inwell County that the

516
00:16:20,024 --> 00:16:20,274
folks will be able to access for

517
00:16:20,791 --> 00:16:21,041
a number of different reasons

518
00:16:22,910 --> 00:16:23,160
and so kudos to you all for

519
00:16:23,477 --> 00:16:23,727
for taking advantage of that

520
00:16:26,046 --> 00:16:26,296
thank you Mr Char yeah we're

521
00:16:28,048 --> 00:16:28,298
always incredibly excited at the

522
00:16:28,732 --> 00:16:28,982
opportunity to open up more

523
00:16:30,534 --> 00:16:30,784
access to hunting and other

524
00:16:32,286 --> 00:16:32,536
recreation to folks across the

525
00:16:32,953 --> 00:16:33,203
state especially in this area of

526
00:16:36,223 --> 00:16:36,473
the state so and we are to the

527
00:16:38,042 --> 00:16:38,292
final project I believe before

528
00:16:38,859 --> 00:16:39,109
us with the cottonwood state

529
00:16:39,410 --> 00:16:39,660
wildlife areaa Missham.

530
00:16:42,780 --> 00:16:43,030
thank you Mr Chair. Finally we'd

531
00:16:44,532 --> 00:16:44,782
like to present a property

532
00:16:46,033 --> 00:16:46,283
transaction proposal to secure a

533
00:16:46,800 --> 00:16:47,050
water pipeline easement at

534
00:16:48,786 --> 00:16:49,036
Cottonwood State Wildlife Area

535
00:16:50,538 --> 00:16:50,788
for this proposal I am joined

536
00:16:52,256 --> 00:16:52,506
online by KimRogers CPw real

537
00:16:54,258 --> 00:16:54,508
estate section manager and todd

538
00:16:56,527 --> 00:16:56,777
Kozad Cpw Area wildlife Manager

539
00:16:57,211 --> 00:16:57,461
to help answer any questions

540
00:16:57,878 --> 00:16:58,128
that the committee may have.

541
00:17:00,714 --> 00:17:00,964
c p w is seeking to acquire a

542
00:17:02,750 --> 00:17:03,000
perpetual irrigation water

543
00:17:04,251 --> 00:17:04,501
conveyance easement across

544
00:17:04,985 --> 00:17:05,235
private land in order to deliver

545
00:17:06,520 --> 00:17:06,770
water to the cottonwood State

546
00:17:08,489 --> 00:17:08,739
wildlife area for a total

547
00:17:10,291 --> 00:17:10,541
consideration of7,500 dollars

548
00:17:10,941 --> 00:17:11,191
paid for from wildlife cash

549
00:17:14,528 --> 00:17:14,778
c p w retains ownership of

550
00:17:16,313 --> 00:17:16,563
ditched shares and well pumping

551
00:17:17,014 --> 00:17:17,264
rights on cottonwood state

552
00:17:18,282 --> 00:17:18,532
wildlife area. however

553
00:17:20,301 --> 00:17:20,551
utilization of Cpw's irrigation

554
00:17:22,303 --> 00:17:22,553
water has been challenging due

555
00:17:24,021 --> 00:17:24,271
to the creation, operation and

556
00:17:24,622 --> 00:17:24,872
maintenance of an open

557
00:17:26,507 --> 00:17:26,757
irrigation ditch aligned through

558
00:17:28,542 --> 00:17:28,792
a center pivot irrigation field

559
00:17:30,027 --> 00:17:30,277
on privately held property

560
00:17:30,878 --> 00:17:31,128
located just south of the state

561
00:17:31,562 --> 00:17:31,812
wildlife area.

562
00:17:34,798 --> 00:17:35,048
a formal easement will allow CPw

563
00:17:36,533 --> 00:17:36,783
to continue to move water to the

564
00:17:38,269 --> 00:17:38,519
state wildlife area for the

565
00:17:40,054 --> 00:17:40,304
beneficial use of wildlife

566
00:17:40,654 --> 00:17:40,904
without damaging any of the

567
00:17:42,206 --> 00:17:42,456
crops on the private property to

568
00:17:42,890 --> 00:17:43,140
its south.

569
00:17:44,525 --> 00:17:44,775
in your packet you'll find a

570
00:17:46,260 --> 00:17:46,510
letter of concurrence from the

571
00:17:48,028 --> 00:17:48,278
Morgan County Board of

572
00:17:48,529 --> 00:17:48,779
commissioners on this property

573
00:17:50,314 --> 00:17:50,564
transaction proposal and with

574
00:17:50,915 --> 00:17:51,165
that I ask for your support and

575
00:17:52,766 --> 00:17:53,016
I'm happy to take any questions.

576
00:17:54,118 --> 00:17:54,368
Thank you M Hamming does the

577
00:17:54,685 --> 00:17:54,935
committee have any questions on

578
00:17:55,369 --> 00:17:55,619
this project?

579
00:18:00,541 --> 00:18:00,791
seeing none that concludes the

580
00:18:02,793 --> 00:18:03,043
presentations for the projects

581
00:18:04,795 --> 00:18:05,045
we are to the motions and the

582
00:18:06,780 --> 00:18:07,030
first one up that we have is the

583
00:18:08,182 --> 00:18:08,432
Lahara reservoir madam vice

584
00:18:08,749 --> 00:18:08,999
chairir.

585
00:18:16,540 --> 00:18:16,790
I moved that Cdc recommends

586
00:18:18,042 --> 00:18:18,292
support for the fee title

587
00:18:22,296 --> 00:18:22,546
acquisition of 2427 acres

588
00:18:24,298 --> 00:18:24,548
surrounding the Lahara state

589
00:18:26,267 --> 00:18:26,517
wildlife area from the state

590
00:18:34,325 --> 00:18:34,575
land board 60 67,500 acres

591
00:18:34,892 --> 00:18:35,142
for 20

592
00:18:38,028 --> 00:18:38,278
dollars I'm so sorry

593
00:18:44,785 --> 00:18:45,035
Yeah yeah $667,500 for 2,427

594
00:18:48,272 --> 00:18:48,522
acres that is a proper motion

595
00:18:48,889 --> 00:18:49,139
Mr. Amazada please call the

596
00:18:49,440 --> 00:18:49,690
roll.

597
00:18:50,424 --> 00:18:50,674
Committee members Henriksson

598
00:18:52,426 --> 00:18:52,676
himaro

599
00:18:54,194 --> 00:18:54,444
yes

600
00:18:56,480 --> 00:18:56,730
helton be excused Richardson

601
00:19:02,169 --> 00:19:02,419
story yes Mr Chair yes and that

602
00:19:02,853 --> 00:19:03,103
passes unanimously

603
00:19:05,055 --> 00:19:05,305
Next up is the Fisher's eak

604
00:19:05,622 --> 00:19:05,872
project madam vice chairir.

605
00:19:10,778 --> 00:19:11,028
I moved that Cdc recommends

606
00:19:12,279 --> 00:19:12,529
support for the fee title

607
00:19:16,266 --> 00:19:16,516
acquisition of 13.31 acre parcel

608
00:19:18,018 --> 00:19:18,268
adjacent to Fisher's Peak State

609
00:19:22,306 --> 00:19:22,556
Park $230,000 for 13.31 acres

610
00:19:24,024 --> 00:19:24,274
that is a proper motion Mr.

611
00:19:24,775 --> 00:19:25,025
Amazad please call the roll.

612
00:19:26,176 --> 00:19:26,426
committeetee members Henriksson

613
00:19:28,312 --> 00:19:28,562
himaro

614
00:19:30,914 --> 00:19:31,164
yes Helton excused Richardson

615
00:19:34,535 --> 00:19:34,785
yes

616
00:19:34,785 --> 00:19:35,035
story yes

617
00:19:36,954 --> 00:19:37,204
yes and that passes unanimously

618
00:19:40,290 --> 00:19:40,540
Next up we have the Paloma

619
00:19:40,908 --> 00:19:41,158
prairie state wildlife areaa

620
00:19:41,575 --> 00:19:41,825
madam vice chair.

621
00:19:46,747 --> 00:19:46,997
I move that Cdc recommends

622
00:19:48,365 --> 00:19:48,615
support for the fee title

623
00:19:50,567 --> 00:19:50,817
acquisition via donation of

624
00:19:54,738 --> 00:19:54,988
17,065 Weld CountyRoad 28

625
00:19:58,008 --> 00:19:58,258
Platteville, Colorado for noco

626
00:20:00,761 --> 00:20:01,011
for 640 acres that is a proper

627
00:20:02,196 --> 00:20:02,446
motion, Mr. Amazada please call

628
00:20:02,880 --> 00:20:03,130
the roll.

629
00:20:04,832 --> 00:20:05,082
it te e members henrikssoniimaro

630
00:20:08,585 --> 00:20:08,835
yes Hlton excused Richardson

631
00:20:14,024 --> 00:20:14,274
Yes story yes Mister Chair yes

632
00:20:14,792 --> 00:20:15,042
and that passes unanimously and

633
00:20:16,510 --> 00:20:16,760
last step we have the cottonwood

634
00:20:17,177 --> 00:20:17,427
State Wildlife Area madam vice

635
00:20:17,828 --> 00:20:18,078
chair.

636
00:20:24,117 --> 00:20:24,367
I move that CdC recommends

637
00:20:24,752 --> 00:20:25,002
support for the acquisition of a

638
00:20:26,503 --> 00:20:26,753
perpetual irrigation water

639
00:20:28,238 --> 00:20:28,488
conveyance easement for the

640
00:20:30,491 --> 00:20:30,741
cottonwood state wildlife

641
00:20:32,726 --> 00:20:32,976
Area7,500 dollars for less than

642
00:20:34,728 --> 00:20:34,978
one acre that is a proper

643
00:20:36,497 --> 00:20:36,747
motion, Mr. Amazada please call

644
00:20:38,298 --> 00:20:38,548
the roll. Committee members

645
00:20:38,949 --> 00:20:39,199
henriksson hiimaro

646
00:20:42,653 --> 00:20:42,903
yes Helton excused Richardson

647
00:20:48,475 --> 00:20:48,725
story Yes Mr Chair yes and that

648
00:20:50,210 --> 00:20:50,460
passes unanimously. thank you

649
00:20:50,878 --> 00:20:51,128
for being here today you very

650
00:20:51,562 --> 00:20:51,812
much

651
00:20:54,748 --> 00:20:54,998
Next up members we have a

652
00:20:58,252 --> 00:20:58,502
presentation from the P3 project

653
00:21:02,022 --> 00:21:02,272
department for updates do

654
00:21:02,523 --> 00:21:02,773
we have Tomuric here

655
00:21:06,560 --> 00:21:06,810
camemeron Kennedy and Louordova.

656
00:21:36,974 --> 00:21:37,224
wants to start us off

657
00:21:44,715 --> 00:21:44,965
Good morning Mr Chairormerrick.

658
00:22:04,751 --> 00:22:05,001
thank you for taking the time to

659
00:22:06,537 --> 00:22:06,787
listen to my update on the p3

660
00:22:08,288 --> 00:22:08,538
unit's progress today I want to

661
00:22:08,922 --> 00:22:09,172
give you a clear view of where

662
00:22:12,009 --> 00:22:12,259
the portfolio stands the value

663
00:22:12,776 --> 00:22:13,026
of these projects can create for

664
00:22:14,778 --> 00:22:15,028
Colorado and the s and the work

665
00:22:16,163 --> 00:22:16,413
still required to deliver them.

666
00:22:48,011 --> 00:22:48,261
we have moved forward from

667
00:22:48,779 --> 00:22:49,029
building a new program the

668
00:22:50,514 --> 00:22:50,764
matting is just a substantial

669
00:22:52,266 --> 00:22:52,516
statewide pipeline that's

670
00:22:52,883 --> 00:22:53,133
meaningful progress for our

671
00:22:54,768 --> 00:22:55,018
office it also means that for

672
00:22:56,270 --> 00:22:56,520
some of these projects we are

673
00:22:58,021 --> 00:22:58,271
now doing the difficult but

674
00:22:58,755 --> 00:22:59,005
necessary middle stage work

675
00:23:00,541 --> 00:23:00,791
where entitlement infrastructure

676
00:23:02,743 --> 00:23:02,993
financing and community issues

677
00:23:04,211 --> 00:23:04,461
have to be solved before

678
00:23:04,778 --> 00:23:05,028
construction can begin.

679
00:23:08,031 --> 00:23:08,281
The unit exists to term public

680
00:23:08,699 --> 00:23:08,949
assets and public priorities

681
00:23:10,867 --> 00:23:11,117
into viable projects that the

682
00:23:11,451 --> 00:23:11,701
state could not deliver alone.

683
00:23:14,288 --> 00:23:14,538
This update shows that portfolio

684
00:23:16,240 --> 00:23:16,490
with real scale strong

685
00:23:18,041 --> 00:23:18,291
development partners and a

686
00:23:18,625 --> 00:23:18,875
disciplined path from

687
00:23:19,042 --> 00:23:19,292
opportunity to implementation.

688
00:23:30,721 --> 00:23:30,971
this is the show's our statewide

689
00:23:31,388 --> 00:23:31,638
p free delivery platform

690
00:23:36,243 --> 00:23:36,493
SB22130 gave the state a

691
00:23:38,245 --> 00:23:38,495
dedicated platform for

692
00:23:38,979 --> 00:23:39,229
developing public private

693
00:23:40,747 --> 00:23:40,997
partnerships we do much more

694
00:23:42,499 --> 00:23:42,749
than just identify the land. We

695
00:23:44,751 --> 00:23:45,001
test feasibility run competitive

696
00:23:46,536 --> 00:23:46,786
procurements negotiate

697
00:23:48,505 --> 00:23:48,755
agreements coordinate agencies,

698
00:23:50,974 --> 00:23:51,224
local governments and we stay

699
00:23:51,642 --> 00:23:51,892
involved throughout the

700
00:23:52,092 --> 00:23:52,342
implementation.

701
00:23:54,761 --> 00:23:55,011
eachach one of these steps

702
00:23:56,430 --> 00:23:56,680
listed here takes time

703
00:23:56,880 --> 00:23:57,130
throughout the process

704
00:24:00,050 --> 00:24:00,300
or measure of success is not the

705
00:24:02,269 --> 00:24:02,519
number of ideas announced it is

706
00:24:04,037 --> 00:24:04,287
the number of wellstructured

707
00:24:04,788 --> 00:24:05,038
projects that deliver public

708
00:24:06,156 --> 00:24:06,406
benefit while protecting the

709
00:24:06,723 --> 00:24:06,973
state.

710
00:24:14,281 --> 00:24:14,531
current portfolio outlook

711
00:24:16,283 --> 00:24:16,533
portfolio now includes eight

712
00:24:18,285 --> 00:24:18,535
active projects more than 1600

713
00:24:20,037 --> 00:24:20,287
proposed affordable and tainable

714
00:24:22,039 --> 00:24:22,289
homes at least4 childcare

715
00:24:24,524 --> 00:24:24,774
facilities more than 390 million

716
00:24:26,476 --> 00:24:26,726
in expected private investment

717
00:24:28,512 --> 00:24:28,762
and more than 13 million in

718
00:24:30,314 --> 00:24:30,564
projected program revenue over

719
00:24:30,981 --> 00:24:31,231
10 years.

720
00:24:32,733 --> 00:24:32,983
we are also honored that the

721
00:24:36,503 --> 00:24:36,753
unit was named a 2026 P3 awards

722
00:24:38,038 --> 00:24:38,288
finalist for public sector

723
00:24:38,672 --> 00:24:38,922
procuer of the year by the p3

724
00:24:39,339 --> 00:24:39,589
bulletin

725
00:24:42,559 --> 00:24:42,809
that recognition is significant

726
00:24:44,044 --> 00:24:44,294
because it comes from the

727
00:24:46,029 --> 00:24:46,279
internationalal P3 industry and

728
00:24:46,663 --> 00:24:46,913
reflects the quality of the

729
00:24:48,398 --> 00:24:48,648
platform Colorado has built in a

730
00:24:49,116 --> 00:24:49,366
short period of time

731
00:24:50,801 --> 00:24:51,051
it recognizes the hard work of

732
00:24:52,519 --> 00:24:52,769
our team our agency partners in

733
00:24:54,287 --> 00:24:54,537
the private and community

734
00:24:54,805 --> 00:24:55,055
partners helping move these

735
00:24:56,490 --> 00:24:56,740
projects forward. we're proud of

736
00:24:58,275 --> 00:24:58,525
it while recognizing that the

737
00:24:59,026 --> 00:24:59,276
ultimate measure of success will

738
00:25:00,327 --> 00:25:00,577
be delivering these projects for

739
00:25:01,011 --> 00:25:01,261
Colorado.

740
00:25:04,214 --> 00:25:04,464
these numbers show the promise

741
00:25:04,881 --> 00:25:05,131
of the portfolio

742
00:25:10,220 --> 00:25:10,470
Can I just ask a quick question.

743
00:25:12,255 --> 00:25:12,505
I'm sorry. we were having a

744
00:25:14,725 --> 00:25:14,975
few words for a moment but thank

745
00:25:18,028 --> 00:25:18,278
you. I just took liberty while

746
00:25:20,497 --> 00:25:20,747
you were away I'm I'm curious

747
00:25:22,566 --> 00:25:22,816
like who is awarding the award

748
00:25:24,051 --> 00:25:24,301
and you might have stated it and

749
00:25:24,718 --> 00:25:24,968
I apologize for our sidebar.

750
00:25:26,987 --> 00:25:27,237
k ir k

751
00:25:30,273 --> 00:25:30,523
thank you Mr Chair. Madam Weiser

752
00:25:32,225 --> 00:25:32,475
it's the P3 bulletin their

753
00:25:32,793 --> 00:25:33,043
industry

754
00:25:38,031 --> 00:25:38,281
magazine slash consortium so

755
00:25:38,665 --> 00:25:38,915
they do an award for

756
00:25:42,269 --> 00:25:42,519
the public private partnerships

757
00:25:44,037 --> 00:25:44,287
around the around the world this

758
00:25:46,006 --> 00:25:46,256
is a word for the Americas so

759
00:25:46,690 --> 00:25:46,940
we're actually going up against

760
00:25:48,725 --> 00:25:48,975
the University of Kansas the

761
00:25:50,761 --> 00:25:51,011
Brazil land transformation

762
00:25:52,662 --> 00:25:52,912
agency and the Guatemalan

763
00:25:53,230 --> 00:25:53,480
infrastructure agency.

764
00:25:55,248 --> 00:25:55,498
you

765
00:26:00,771 --> 00:26:01,021
obviously the these numbers

766
00:26:02,239 --> 00:26:02,489
these are not guaranteed

767
00:26:04,024 --> 00:26:04,274
outcomes so our responsibility

768
00:26:04,791 --> 00:26:05,041
is to convert the promise into

769
00:26:06,126 --> 00:26:06,376
durable agreements and complete

770
00:26:06,793 --> 00:26:07,043
a project

771
00:26:15,268 --> 00:26:15,518
Repeatable p3 delivery model

772
00:26:18,238 --> 00:26:18,488
this is something we have

773
00:26:18,905 --> 00:26:19,155
developed since the beginning of

774
00:26:19,589 --> 00:26:19,839
our office

775
00:26:22,793 --> 00:26:23,043
and this slide explains why

776
00:26:24,728 --> 00:26:24,978
major pc projects take time. A

777
00:26:26,296 --> 00:26:26,546
good concept must survive

778
00:26:28,031 --> 00:26:28,281
feasibility work, market

779
00:26:30,066 --> 00:26:30,316
testing, procurement agreement

780
00:26:32,052 --> 00:26:32,302
negotiations, public approvals

781
00:26:34,037 --> 00:26:34,287
entitlement financing and

782
00:26:36,239 --> 00:26:36,489
construction. Each step proje

783
00:26:36,990 --> 00:26:37,240
protects the state and improves

784
00:26:38,675 --> 00:26:38,925
the likelihood that the project

785
00:26:39,342 --> 00:26:39,592
can actually perform.

786
00:26:42,028 --> 00:26:42,278
as you can see from the

787
00:26:44,314 --> 00:26:44,564
timelines listed, each phase can

788
00:26:46,082 --> 00:26:46,332
move quicker or slower depending

789
00:26:46,917 --> 00:26:47,167
on the project and the project's

790
00:26:47,584 --> 00:26:47,834
circumstances

791
00:26:50,520 --> 00:26:50,770
pe ed matters but door

792
00:26:52,522 --> 00:26:52,772
durability matters more skipping

793
00:26:54,374 --> 00:26:54,624
diligence might make a project

794
00:26:55,041 --> 00:26:55,291
look faster at the beginning

795
00:26:56,843 --> 00:26:57,093
and creates much greater cost

796
00:26:57,527 --> 00:26:57,777
and exposure later.

797
00:27:10,507 --> 00:27:10,757
I'll go over some of our our

798
00:27:11,091 --> 00:27:11,341
projects that are active right

799
00:27:11,758 --> 00:27:12,008
now

800
00:27:16,012 --> 00:27:16,262
the AA Ball field project AE

801
00:27:16,963 --> 00:27:17,213
moving toward financial close on

802
00:27:18,799 --> 00:27:19,049
a high valuable mixed use

803
00:27:22,035 --> 00:27:22,285
project 168 homes serving

804
00:27:24,788 --> 00:27:25,038
households from 60 to100% of AMI

805
00:27:26,506 --> 00:27:26,756
along with an early childhood

806
00:27:28,525 --> 00:27:28,775
educator education center that

807
00:27:29,176 --> 00:27:29,426
will serve the campus and its

808
00:27:29,860 --> 00:27:30,110
surrounding community.

809
00:27:32,846 --> 00:27:33,096
because of the rise of interest

810
00:27:34,815 --> 00:27:35,065
rates and construction costs

811
00:27:36,566 --> 00:27:36,816
since the inception of this

812
00:27:38,368 --> 00:27:38,618
project four years ago. The

813
00:27:38,985 --> 00:27:39,235
project has gone through many

814
00:27:40,237 --> 00:27:40,487
iterations to go where we are

815
00:27:40,904 --> 00:27:41,154
today.

816
00:27:44,057 --> 00:27:44,307
The p3 unit's continuous

817
00:27:44,875 --> 00:27:45,125
spending authority allowed us to

818
00:27:46,776 --> 00:27:47,026
be a flexible partner for them

819
00:27:48,795 --> 00:27:49,045
and help preserve a project with

820
00:27:50,063 --> 00:27:50,313
significant housing workforce

821
00:27:50,730 --> 00:27:50,980
and childcare benefits.

822
00:27:54,034 --> 00:27:54,284
The immediate focus going

823
00:27:56,052 --> 00:27:56,302
forward now is financial close

824
00:27:56,720 --> 00:27:56,970
followed by groundbreaking

825
00:27:58,138 --> 00:27:58,388
early next year

826
00:28:08,815 --> 00:28:09,065
So arttline village project

827
00:28:14,020 --> 00:28:14,270
Ortline village will turn 14.4

828
00:28:16,022 --> 00:28:16,272
acres of underutilized state

829
00:28:18,241 --> 00:28:18,491
property into approximately 195

830
00:28:20,277 --> 00:28:20,527
homes including 120 affordable

831
00:28:22,512 --> 00:28:22,762
rentals and75 for sale homes

832
00:28:24,514 --> 00:28:24,764
plus a childcare center two in

833
00:28:26,633 --> 00:28:26,883
home childcare spaces and artist

834
00:28:27,300 --> 00:28:27,550
studios

835
00:28:30,020 --> 00:28:30,270
thanks to the CDC approval

836
00:28:32,005 --> 00:28:32,255
earlier this year we continue to

837
00:28:32,806 --> 00:28:33,056
work diligently on moving

838
00:28:33,373 --> 00:28:33,623
forward on this project.

839
00:28:36,493 --> 00:28:36,743
the local zoning code repeal in

840
00:28:38,712 --> 00:28:38,962
Lakewood earlier this year

841
00:28:40,564 --> 00:28:40,814
did set back the timeline for

842
00:28:42,382 --> 00:28:42,632
the project and that was outside

843
00:28:43,116 --> 00:28:43,366
of our control but it did not

844
00:28:44,718 --> 00:28:44,968
erase the project's value. We

845
00:28:46,486 --> 00:28:46,736
adjusted the timeline retained

846
00:28:48,021 --> 00:28:48,271
the team and continue working

847
00:28:48,605 --> 00:28:48,855
toward agreements and

848
00:28:49,055 --> 00:28:49,305
entitlements

849
00:28:50,707 --> 00:28:50,957
this is exactly the kind of real

850
00:28:52,492 --> 00:28:52,742
world risk a long term

851
00:28:54,027 --> 00:28:54,277
development program must be

852
00:28:56,246 --> 00:28:56,496
equipped to manage and really

853
00:28:58,014 --> 00:28:58,264
shows the benefits of having a

854
00:28:58,665 --> 00:28:58,915
committed partnership in

855
00:28:59,232 --> 00:28:59,482
projects like these

856
00:29:02,068 --> 00:29:02,318
we are currently starting the

857
00:29:02,802 --> 00:29:03,052
community engagement project

858
00:29:04,671 --> 00:29:04,921
process for the rezoning of the

859
00:29:05,338 --> 00:29:05,588
parcels

860
00:29:06,523 --> 00:29:06,773
madam vice chair

861
00:29:10,493 --> 00:29:10,743
thank you Mr Chair. Mrurrick,

862
00:29:12,495 --> 00:29:12,745
would you mind sharing a little

863
00:29:16,016 --> 00:29:16,266
bit more about the the change

864
00:29:16,750 --> 00:29:17,000
in the zone the repeal of the

865
00:29:20,503 --> 00:29:20,753
zoning code in Lakewood and

866
00:29:21,037 --> 00:29:21,287
why that impacted this project

867
00:29:21,721 --> 00:29:21,971
just

868
00:29:24,107 --> 00:29:24,357
just for fun

869
00:29:24,474 --> 00:29:24,724
Mrurrick

870
00:29:26,026 --> 00:29:26,276
sure

871
00:29:28,511 --> 00:29:28,761
thank you Mr Chair. we had

872
00:29:30,263 --> 00:29:30,513
worked with the city of Lakewood

873
00:29:32,032 --> 00:29:32,282
as they were redesigning their

874
00:29:34,534 --> 00:29:34,784
zoning code originally and they

875
00:29:36,836 --> 00:29:37,086
had rezoned our parcels to

876
00:29:37,420 --> 00:29:37,670
fit

877
00:29:42,025 --> 00:29:42,275
this project. when the city

878
00:29:44,027 --> 00:29:44,277
and the voters repealed the the

879
00:29:44,694 --> 00:29:44,944
zoning the new zoning code that

880
00:29:46,179 --> 00:29:46,429
they had implemented throughout

881
00:29:46,863 --> 00:29:47,113
the city

882
00:29:50,066 --> 00:29:50,316
we now have gone back to the

883
00:29:52,402 --> 00:29:52,652
original zoning of the parcels

884
00:29:53,086 --> 00:29:53,336
which was

885
00:29:56,239 --> 00:29:56,489
MEs which Lakewood was actually

886
00:29:58,258 --> 00:29:58,508
trying to get out of

887
00:30:00,010 --> 00:30:00,260
completely of their zoning code

888
00:30:00,727 --> 00:30:00,977
because it it it

889
00:30:04,931 --> 00:30:05,181
it says that50% of office space

890
00:30:05,615 --> 00:30:05,865
has to be on the property.

891
00:30:08,335 --> 00:30:08,585
and that's just

892
00:30:10,737 --> 00:30:10,987
in in today's time that they

893
00:30:12,472 --> 00:30:12,722
don't feel that's a realistic

894
00:30:14,240 --> 00:30:14,490
option for for their zoning

895
00:30:16,509 --> 00:30:16,759
code. so now we we have to go

896
00:30:18,712 --> 00:30:18,962
through the rezoning process

897
00:30:20,981 --> 00:30:21,231
which is about an8 to12 w2 month

898
00:30:21,681 --> 00:30:21,931
process

899
00:30:30,974 --> 00:30:31,224
of

900
00:30:38,648 --> 00:30:38,898
governor's mansion parking lot

901
00:30:44,054 --> 00:30:44,304
This compact site shows how a

902
00:30:46,172 --> 00:30:46,422
small state asset can produce

903
00:30:46,840 --> 00:30:47,090
several benefits at once

904
00:30:48,775 --> 00:30:49,025
The proposal adds approximately

905
00:30:52,529 --> 00:30:52,779
67 mixed income rental homes

906
00:30:54,280 --> 00:30:54,530
preserves 28 parking spaces for

907
00:30:56,599 --> 00:30:56,849
mansion operations and directs

908
00:30:58,485 --> 00:30:58,735
ground lease revenue to long

909
00:30:59,052 --> 00:30:59,302
term mansion maintenance.

910
00:31:02,238 --> 00:31:02,488
the strength of this proposal is

911
00:31:04,007 --> 00:31:04,257
its alignment housing in central

912
00:31:04,958 --> 00:31:05,208
Denver continued mansion

913
00:31:06,543 --> 00:31:06,793
functionality and a permanent

914
00:31:08,478 --> 00:31:08,728
revenue source for a historic

915
00:31:09,162 --> 00:31:09,412
state asset.

916
00:31:12,399 --> 00:31:12,649
we have had supportive

917
00:31:14,050 --> 00:31:14,300
conversations with the local

918
00:31:14,784 --> 00:31:15,034
neighborhood groups and city

919
00:31:16,503 --> 00:31:16,753
councilwomen for this project

920
00:31:18,772 --> 00:31:19,022
and the goal for for us will be

921
00:31:20,173 --> 00:31:20,423
to come for approval for

922
00:31:22,192 --> 00:31:22,442
before CDC in October

923
00:31:26,746 --> 00:31:26,996
Madam vice chair thank you Mr

924
00:31:29,065 --> 00:31:29,315
Chair. is this somewhat a

925
00:31:29,632 --> 00:31:29,882
conceptual

926
00:31:34,187 --> 00:31:34,437
picture of what it might look

927
00:31:34,854 --> 00:31:35,104
like

928
00:31:38,742 --> 00:31:38,992
thank you Mr Cha. Yes, this is a

929
00:31:42,028 --> 00:31:42,278
conceptual idea of of the of the

930
00:31:42,862 --> 00:31:43,112
design from Adamerger

931
00:31:43,313 --> 00:31:43,563
development

932
00:31:44,431 --> 00:31:44,681
thank you

933
00:31:48,318 --> 00:31:48,568
have a quick question just

934
00:31:50,036 --> 00:31:50,286
looking at the page that was

935
00:31:52,021 --> 00:31:52,271
given to us and kind of a a

936
00:31:54,040 --> 00:31:54,290
spreadsheet listing out kind of

937
00:31:56,276 --> 00:31:56,526
the where where every project is

938
00:31:58,278 --> 00:31:58,528
in the process and and whatnot

939
00:32:00,797 --> 00:32:01,047
you know developer partner

940
00:32:02,582 --> 00:32:02,832
procrude development agreement

941
00:32:04,267 --> 00:32:04,517
executed site evaluation

942
00:32:06,352 --> 00:32:06,602
feasibility etc and goes

943
00:32:08,121 --> 00:32:08,371
throughout I guess I'm just

944
00:32:10,523 --> 00:32:10,773
curious in there on these

945
00:32:12,292 --> 00:32:12,542
projects was there any thought

946
00:32:14,010 --> 00:32:14,260
about putting a column in there

947
00:32:14,844 --> 00:32:15,094
about where it is in in regards

948
00:32:15,528 --> 00:32:15,778
to approval by

949
00:32:18,498 --> 00:32:18,748
the CDC or or in regards to kind

950
00:32:19,132 --> 00:32:19,382
of state approval or or or

951
00:32:24,938 --> 00:32:25,188
thank you senator Majolka

952
00:32:26,790 --> 00:32:27,040
cameron Kennedy director of

953
00:32:30,009 --> 00:32:30,259
state properties with DPA we we

954
00:32:32,028 --> 00:32:32,278
have issues we have to manage

955
00:32:34,013 --> 00:32:34,263
that are both interior and

956
00:32:36,516 --> 00:32:36,766
exterior and the table you were

957
00:32:37,200 --> 00:32:37,450
provided contemplates the

958
00:32:40,053 --> 00:32:40,303
exterior issues the interior

959
00:32:40,753 --> 00:32:41,003
issues include procurement Cdc

960
00:32:44,023 --> 00:32:44,273
approval and other issues that

961
00:32:44,741 --> 00:32:44,991
we have to address within the

962
00:32:46,776 --> 00:32:47,026
state as we move forward through

963
00:32:48,311 --> 00:32:48,561
these projects but we can

964
00:32:50,046 --> 00:32:50,296
certainly put that together and

965
00:32:50,730 --> 00:32:50,980
and have that to you

966
00:32:51,164 --> 00:32:51,414
pretty quickly.

967
00:32:54,818 --> 00:32:55,068
yeah I I I just speaking for

968
00:32:56,302 --> 00:32:56,552
myself as a member of the

969
00:32:56,920 --> 00:32:57,170
committee I think there would be

970
00:32:58,288 --> 00:32:58,538
some value to it just to see

971
00:32:59,989 --> 00:33:00,239
where where you all are

972
00:33:00,773 --> 00:33:01,023
internally on the on the

973
00:33:02,041 --> 00:33:02,291
projects as well. I this is

974
00:33:04,277 --> 00:33:04,527
valuable as well obviously

975
00:33:06,029 --> 00:33:06,279
but I think the internal

976
00:33:06,813 --> 00:33:07,063
information is is just as

977
00:33:07,347 --> 00:33:07,597
valuable so appreciate it you

978
00:33:16,489 --> 00:33:16,739
Goldenan

979
00:33:20,276 --> 00:33:20,526
goolden Range is the largest

980
00:33:22,245 --> 00:33:22,495
housing initiative to date for

981
00:33:24,247 --> 00:33:24,497
the p3 unit it's approximately

982
00:33:26,566 --> 00:33:26,816
378 homes across rental and for

983
00:33:28,535 --> 00:33:28,785
sale products serving households

984
00:33:32,305 --> 00:33:32,555
from 30 to140% of AMI it creates

985
00:33:34,040 --> 00:33:34,290
both affordable rental options

986
00:33:34,674 --> 00:33:34,924
and attainable paths to

987
00:33:36,242 --> 00:33:36,492
homeownership in a very

988
00:33:36,809 --> 00:33:37,059
constrained market.

989
00:33:38,828 --> 00:33:39,078
we have had productive

990
00:33:40,313 --> 00:33:40,563
conversations with the city of

991
00:33:42,332 --> 00:33:42,582
Goldenta and they have pledged

992
00:33:42,982 --> 00:33:43,232
some of their private activity

993
00:33:44,734 --> 00:33:44,984
bonds in support of the project

994
00:33:45,435 --> 00:33:45,685
as we move forward

995
00:33:48,555 --> 00:33:48,805
the scale makes golden ranges

996
00:33:50,273 --> 00:33:50,523
especially compelling and also

997
00:33:52,025 --> 00:33:52,275
makes careful phasing essential.

998
00:33:54,277 --> 00:33:54,527
Weenga we are engaging on site

999
00:33:56,279 --> 00:33:56,529
and community issues now so the

1000
00:33:56,996 --> 00:33:57,246
state can make informed

1001
00:33:58,298 --> 00:33:58,548
decisions before entering

1002
00:33:58,831 --> 00:33:59,081
binding long term agreements

1003
00:34:02,552 --> 00:34:02,802
this project is on track to

1004
00:34:04,804 --> 00:34:05,054
complete zoning in late 2027 and

1005
00:34:06,322 --> 00:34:06,572
hope to commence construction in

1006
00:34:08,858 --> 00:34:09,108
2028. from that point since some

1007
00:34:10,593 --> 00:34:10,843
phases of the project depend on

1008
00:34:12,295 --> 00:34:12,545
competitive funding rounds the

1009
00:34:14,063 --> 00:34:14,313
project completion timeline for

1010
00:34:15,181 --> 00:34:15,431
all phases is expected to be4

1011
00:34:15,865 --> 00:34:16,115
to7 years.

1012
00:34:19,068 --> 00:34:19,318
ma'am vice chair

1013
00:34:22,789 --> 00:34:23,039
I'll just insert a question

1014
00:34:26,292 --> 00:34:26,542
and doesn't matter like when

1015
00:34:28,278 --> 00:34:28,528
you know you address this in

1016
00:34:30,546 --> 00:34:30,796
your presentation but in these

1017
00:34:32,515 --> 00:34:32,765
residential properties where

1018
00:34:36,536 --> 00:34:36,786
there's a range of AMI units

1019
00:34:38,571 --> 00:34:38,821
that are going in. I'm curious

1020
00:34:40,323 --> 00:34:40,573
for each of the projects like

1021
00:34:42,575 --> 00:34:42,825
what percentage

1022
00:34:46,029 --> 00:34:46,279
of the units will be you know

1023
00:34:46,663 --> 00:34:46,913
the various AMI

1024
00:34:50,233 --> 00:34:50,483
you know elements in them just

1025
00:34:50,917 --> 00:34:51,167
to get

1026
00:34:54,053 --> 00:34:54,303
you know a sense of what it

1027
00:34:56,039 --> 00:34:56,289
might look like but it you know

1028
00:34:56,673 --> 00:34:56,923
it can happen at the end or

1029
00:34:57,240 --> 00:34:57,490
whenever.

1030
00:35:02,528 --> 00:35:02,778
unfortunately because of the way

1031
00:35:06,032 --> 00:35:06,282
the financing works it's hard to

1032
00:35:08,284 --> 00:35:08,534
nail that down upfront as we

1033
00:35:10,303 --> 00:35:10,553
get closer to CDC approval we'll

1034
00:35:12,772 --> 00:35:13,022
have a better understanding of

1035
00:35:16,042 --> 00:35:16,292
kind of the the project it

1036
00:35:16,793 --> 00:35:17,043
still won't be exact but we'll

1037
00:35:18,261 --> 00:35:18,511
have a better understanding of

1038
00:35:20,313 --> 00:35:20,563
buckets but we can we can try

1039
00:35:22,165 --> 00:35:22,415
to work on that for you that'd

1040
00:35:22,832 --> 00:35:23,082
be great thank you

1041
00:35:32,842 --> 00:35:33,092
Durango redevelopment project

1042
00:35:38,031 --> 00:35:38,281
Durango demonstrates the unit's

1043
00:35:38,731 --> 00:35:38,981
statewide reach and its ability

1044
00:35:39,365 --> 00:35:39,615
to build projects with local

1045
00:35:40,049 --> 00:35:40,299
governments

1046
00:35:42,285 --> 00:35:42,535
the current concept will create

1047
00:35:44,537 --> 00:35:44,787
more than 136 mixed income homes

1048
00:35:46,289 --> 00:35:46,539
serving households from 30

1049
00:35:46,839 --> 00:35:47,089
to120% of AMI.

1050
00:35:50,560 --> 00:35:50,810
the city and the pC unit have

1051
00:35:52,295 --> 00:35:52,545
entered it in the MU for this

1052
00:35:54,314 --> 00:35:54,564
project and coordinating on how

1053
00:35:55,031 --> 00:35:55,281
to best solve the community

1054
00:35:56,816 --> 00:35:57,066
needs while making this a

1055
00:35:58,534 --> 00:35:58,784
successful project for the p3

1056
00:36:00,570 --> 00:36:00,820
unit. The city has discussed the

1057
00:36:02,522 --> 00:36:02,772
potential of private activity

1058
00:36:04,057 --> 00:36:04,307
bonds and an urban renewal

1059
00:36:04,607 --> 00:36:04,857
district for this property as

1060
00:36:05,291 --> 00:36:05,541
well.

1061
00:36:08,294 --> 00:36:08,544
the next step for this project

1062
00:36:10,263 --> 00:36:10,513
is market competition. The goal

1063
00:36:12,015 --> 00:36:12,265
will be to release an RFQ late

1064
00:36:13,066 --> 00:36:13,316
this year early next and it will

1065
00:36:14,834 --> 00:36:15,084
help tell us how qualified teams

1066
00:36:16,302 --> 00:36:16,552
would best convert the public

1067
00:36:18,187 --> 00:36:18,437
concept into a financeable and

1068
00:36:18,855 --> 00:36:19,105
deliverable project.

1069
00:36:31,150 --> 00:36:31,400
Red rockck's TOD unsolicited

1070
00:36:31,718 --> 00:36:31,968
proposal

1071
00:36:36,372 --> 00:36:36,622
Red rockcks presents a different

1072
00:36:37,073 --> 00:36:37,323
kind of opportunity.

1073
00:36:40,259 --> 00:36:40,509
Mortensonvelopment proposed to

1074
00:36:41,077 --> 00:36:41,327
acquire prop privately owned

1075
00:36:41,644 --> 00:36:41,894
land

1076
00:36:44,564 --> 00:36:44,814
donated to the state and we

1077
00:36:45,164 --> 00:36:45,414
would grandly sit back

1078
00:36:50,553 --> 00:36:50,803
to them for 333 to400 workforce

1079
00:36:51,287 --> 00:36:51,537
rental homes near transit.

1080
00:36:54,540 --> 00:36:54,790
providevidentsourcesroup would

1081
00:36:56,292 --> 00:36:56,542
finance the project primarily

1082
00:36:58,061 --> 00:36:58,311
through bonds repaid from

1083
00:36:58,611 --> 00:36:58,861
project revenue rather than

1084
00:36:59,178 --> 00:36:59,428
state funding.

1085
00:37:02,565 --> 00:37:02,815
the housing part of this project

1086
00:37:04,317 --> 00:37:04,567
is obviously a large number of

1087
00:37:05,051 --> 00:37:05,301
units that would have a great

1088
00:37:06,836 --> 00:37:07,086
impact on workforce housing but

1089
00:37:08,571 --> 00:37:08,821
the potential long term

1090
00:37:09,105 --> 00:37:09,355
financial return is also

1091
00:37:09,655 --> 00:37:09,905
important.

1092
00:37:12,825 --> 00:37:13,075
after the bonds are repaid the

1093
00:37:14,560 --> 00:37:14,810
developers compensated and

1094
00:37:16,846 --> 00:37:17,096
project expenses are covered. on

1095
00:37:18,865 --> 00:37:19,115
that project revenue would would

1096
00:37:19,599 --> 00:37:19,849
return to the unused property

1097
00:37:20,266 --> 00:37:20,516
fund

1098
00:37:22,568 --> 00:37:22,818
if the project performs as

1099
00:37:24,754 --> 00:37:25,004
anticipated that revenue could

1100
00:37:25,421 --> 00:37:25,671
be a game changer for the

1101
00:37:25,988 --> 00:37:26,238
program.

1102
00:37:28,307 --> 00:37:28,557
it could give the unit a larger

1103
00:37:29,025 --> 00:37:29,275
budget to invest more

1104
00:37:30,843 --> 00:37:31,093
substantially in future projects

1105
00:37:32,512 --> 00:37:32,762
and the flexibility to take on

1106
00:37:33,146 --> 00:37:33,396
different types of public

1107
00:37:33,713 --> 00:37:33,963
priorities over time.

1108
00:37:38,768 --> 00:37:39,018
can I ask a quick question

1109
00:37:42,505 --> 00:37:42,755
Mrerrick? So the process is kind

1110
00:37:44,273 --> 00:37:44,523
of makes you a little dizzy to

1111
00:37:44,991 --> 00:37:45,241
think about that they buy it and

1112
00:37:46,776 --> 00:37:47,026
then give it and then lease it

1113
00:37:50,296 --> 00:37:50,546
back and whatnot and so that

1114
00:37:52,048 --> 00:37:52,298
aside I'm sure we can get in the

1115
00:37:52,765 --> 00:37:53,015
details in the future on this.

1116
00:37:54,784 --> 00:37:55,034
Would there is a proposal then

1117
00:37:56,769 --> 00:37:57,019
that that company Mortensen it

1118
00:37:58,354 --> 00:37:58,604
would only be their employees

1119
00:38:00,540 --> 00:38:00,790
that would be eligible to to

1120
00:38:02,859 --> 00:38:03,109
utilize these units or what how

1121
00:38:03,526 --> 00:38:03,776
would that how would that

1122
00:38:04,093 --> 00:38:04,343
operate?

1123
00:38:08,548 --> 00:38:08,798
no the the the whole

1124
00:38:09,081 --> 00:38:09,331
community any anyone would be

1125
00:38:10,883 --> 00:38:11,133
able to rent those units so

1126
00:38:14,770 --> 00:38:15,020
then that I guess that that

1127
00:38:16,506 --> 00:38:16,756
makes my question like that

1128
00:38:18,291 --> 00:38:18,541
makes that that first question

1129
00:38:20,293 --> 00:38:20,543
even bigger than I guess where

1130
00:38:22,328 --> 00:38:22,578
why why would why would a

1131
00:38:24,764 --> 00:38:25,014
company purchase property donate

1132
00:38:28,301 --> 00:38:28,551
it and then pay to lease it

1133
00:38:30,286 --> 00:38:30,536
back. I I don't understand

1134
00:38:30,870 --> 00:38:31,120
there's there's a couple of

1135
00:38:36,192 --> 00:38:36,442
reasons one is that the they

1136
00:38:36,742 --> 00:38:36,992
want to do workforce housing

1137
00:38:38,744 --> 00:38:38,994
they they want that's kind of

1138
00:38:42,532 --> 00:38:42,782
their their their social part of

1139
00:38:44,267 --> 00:38:44,517
their their company they want to

1140
00:38:46,269 --> 00:38:46,519
do this. The second reason is

1141
00:38:48,054 --> 00:38:48,304
providednsourcesroup

1142
00:38:50,306 --> 00:38:50,556
does these type of social

1143
00:38:52,041 --> 00:38:52,291
infrastructure projects across

1144
00:38:54,310 --> 00:38:54,560
the country. they've done

1145
00:38:56,279 --> 00:38:56,529
hospitals they've they've

1146
00:38:58,781 --> 00:38:59,031
done projects student housing

1147
00:38:59,398 --> 00:38:59,648
and they are

1148
00:39:02,835 --> 00:39:03,085
if it's state land they are able

1149
00:39:03,486 --> 00:39:03,736
to get tax exempt bonds

1150
00:39:08,007 --> 00:39:08,257
and that makes these projects

1151
00:39:10,543 --> 00:39:10,793
feasible for them to build

1152
00:39:12,044 --> 00:39:12,294
with a with the lower interest

1153
00:39:14,046 --> 00:39:14,296
rates and and that's kind of

1154
00:39:16,299 --> 00:39:16,549
where the the the ability to

1155
00:39:16,933 --> 00:39:17,183
do the project comes from

1156
00:39:22,038 --> 00:39:22,288
yeah and I'm I'm still confused

1157
00:39:22,738 --> 00:39:22,988
with Mortenson then be the

1158
00:39:24,290 --> 00:39:24,540
company that builds it would

1159
00:39:26,292 --> 00:39:26,542
that be part of the deal or they

1160
00:39:28,044 --> 00:39:28,294
would build the project so ok so

1161
00:39:28,744 --> 00:39:28,994
that now that's kind of coming

1162
00:39:30,746 --> 00:39:30,996
together so they purchased the

1163
00:39:34,534 --> 00:39:34,784
land donate it lease it back but

1164
00:39:36,769 --> 00:39:37,019
part of the deal is is they are

1165
00:39:38,538 --> 00:39:38,788
the they're the organis or the

1166
00:39:39,155 --> 00:39:39,405
company that would build the

1167
00:39:40,172 --> 00:39:40,422
units

1168
00:39:44,527 --> 00:39:44,777
thank you madam vice chairir.

1169
00:39:46,078 --> 00:39:46,328
thank you Mrir

1170
00:39:48,297 --> 00:39:48,547
but it's it's financed by

1171
00:39:48,881 --> 00:39:49,131
Providentsources Group.

1172
00:39:52,535 --> 00:39:52,785
and they're the nonprofit

1173
00:39:54,554 --> 00:39:54,804
Mortenson is not a nonprofit

1174
00:39:56,038 --> 00:39:56,288
nonprofit so they would they

1175
00:39:56,772 --> 00:39:57,022
would they would make some

1176
00:39:58,541 --> 00:39:58,791
profit off the project yeah of

1177
00:40:00,226 --> 00:40:00,476
course

1178
00:40:04,530 --> 00:40:04,780
but the state would own the land

1179
00:40:06,299 --> 00:40:06,549
and the state would receive

1180
00:40:06,933 --> 00:40:07,183
revenue as a lease

1181
00:40:10,786 --> 00:40:11,036
the state would have so the

1182
00:40:12,255 --> 00:40:12,505
state would have received the

1183
00:40:14,423 --> 00:40:14,673
revenue as a as a ground lease

1184
00:40:15,107 --> 00:40:15,357
until the

1185
00:40:18,527 --> 00:40:18,777
they would all net operating

1186
00:40:19,095 --> 00:40:19,345
income

1187
00:40:19,345 --> 00:40:19,595
and

1188
00:40:22,548 --> 00:40:22,798
after the not just the lease but

1189
00:40:23,249 --> 00:40:23,499
until the once the project's

1190
00:40:23,916 --> 00:40:24,166
stabilized

1191
00:40:28,037 --> 00:40:28,287
we would receive all net

1192
00:40:30,022 --> 00:40:30,272
operating income after debt is

1193
00:40:33,042 --> 00:40:33,292
paid and after operations are

1194
00:40:34,777 --> 00:40:35,027
are paid so in the 1st 10 years

1195
00:40:36,746 --> 00:40:36,996
we would receive around8.7

1196
00:40:40,299 --> 00:40:40,549
million dollars after you 30

1197
00:40:42,268 --> 00:40:42,518
about42 million and after you're

1198
00:40:43,019 --> 00:40:43,269
50 about 213 million.

1199
00:40:48,758 --> 00:40:49,008
and what would the is so it's

1200
00:40:52,278 --> 00:40:52,528
it's saying federal grants or or

1201
00:40:54,046 --> 00:40:54,296
you know it's talking about

1202
00:40:54,780 --> 00:40:55,030
federal dollars potentially

1203
00:40:56,349 --> 00:40:56,599
coming in will the state be

1204
00:40:58,034 --> 00:40:58,284
spending any money then or is

1205
00:40:58,634 --> 00:40:58,884
that just pure

1206
00:41:00,386 --> 00:41:00,636
yeah my kirk

1207
00:41:04,290 --> 00:41:04,540
no so the the property would pay

1208
00:41:06,509 --> 00:41:06,759
for it for itself the the

1209
00:41:08,294 --> 00:41:08,544
property would pay for all

1210
00:41:10,363 --> 00:41:10,613
operations and you would just

1211
00:41:11,047 --> 00:41:11,297
pay for the property

1212
00:41:14,250 --> 00:41:14,500
to manage it itself and so those

1213
00:41:14,934 --> 00:41:15,184
dollars are just pure

1214
00:41:18,287 --> 00:41:18,537
profit to the state or to the

1215
00:41:20,022 --> 00:41:20,272
program I assume it would stay

1216
00:41:20,756 --> 00:41:21,006
within the p3 program is that

1217
00:41:22,575 --> 00:41:22,825
correct? unused state property

1218
00:41:23,275 --> 00:41:23,525
fund

1219
00:41:24,193 --> 00:41:24,443
would be the idea

1220
00:41:24,744 --> 00:41:24,994
madam vice chair

1221
00:41:30,016 --> 00:41:30,266
and while adhering to the 80 to

1222
00:41:30,683 --> 00:41:30,933
100% AMI.

1223
00:41:31,000 --> 00:41:31,250
throughout

1224
00:41:35,037 --> 00:41:35,287
from now ti forever and

1225
00:41:36,288 --> 00:41:36,538
eventually the bonds were paid

1226
00:41:38,324 --> 00:41:38,574
off there would be

1227
00:41:42,028 --> 00:41:42,278
flexibility to to lower those

1228
00:41:44,764 --> 00:41:45,014
AMIs if if we decided to

1229
00:41:46,999 --> 00:41:47,249
because we were we wouldn't be

1230
00:41:48,451 --> 00:41:48,701
needing to pay off that that

1231
00:41:49,118 --> 00:41:49,368
service.

1232
00:41:52,738 --> 00:41:52,988
but but you but the state would

1233
00:41:54,256 --> 00:41:54,506
be responsible for maintenance

1234
00:41:56,509 --> 00:41:56,759
of the of the facility we would

1235
00:41:58,511 --> 00:41:58,761
not be maintenancing ourselves

1236
00:42:00,796 --> 00:42:01,046
but we would be responsible for

1237
00:42:04,533 --> 00:42:04,783
we would work with a a board

1238
00:42:06,769 --> 00:42:07,019
to hire a there's a do the the

1239
00:42:09,055 --> 00:42:09,305
the money it would take to to

1240
00:42:10,556 --> 00:42:10,806
maintain the property would be

1241
00:42:12,525 --> 00:42:12,775
the responsibility of more

1242
00:42:14,577 --> 00:42:14,827
coming out of those revenues

1243
00:42:16,412 --> 00:42:16,662
Mortenson is is right now

1244
00:42:22,718 --> 00:42:22,968
posingmison's company which is a

1245
00:42:23,285 --> 00:42:23,535
a maintenance company. OK.

1246
00:42:30,609 --> 00:42:30,859
Again kudos I think that's a

1247
00:42:31,177 --> 00:42:31,427
really interesting

1248
00:42:32,895 --> 00:42:33,145
project a man vice chair

1249
00:42:38,517 --> 00:42:38,767
I might have read it somewhere

1250
00:42:40,920 --> 00:42:41,170
but now I don't remember where's

1251
00:42:41,604 --> 00:42:41,854
the this location?

1252
00:42:44,807 --> 00:42:45,057
happening so this site is

1253
00:42:48,310 --> 00:42:48,560
located in Lakewood and it's

1254
00:42:48,911 --> 00:42:49,161
right near the Red rockcks

1255
00:42:49,478 --> 00:42:49,728
Community Collegeation.

1256
00:42:50,496 --> 00:42:50,746
got you

1257
00:42:57,036 --> 00:42:57,286
and we would like to return in

1258
00:43:00,306 --> 00:43:00,556
October with more details on

1259
00:43:02,358 --> 00:43:02,608
this project before we

1260
00:43:06,045 --> 00:43:06,295
spend any budget on it or

1261
00:43:08,030 --> 00:43:08,280
anything I wanted to really get

1262
00:43:08,764 --> 00:43:09,014
kind of bring it by you guys and

1263
00:43:11,400 --> 00:43:11,650
and and get your perspective

1264
00:43:12,051 --> 00:43:12,301
before we move forward.

1265
00:43:16,672 --> 00:43:16,922
there any other questions or

1266
00:43:17,223 --> 00:43:17,473
comments on this?

1267
00:43:22,361 --> 00:43:22,611
No I think it's yeah, I'm I'm

1268
00:43:24,029 --> 00:43:24,279
excited to get more information

1269
00:43:24,864 --> 00:43:25,114
on it it seems seems exciting so

1270
00:43:26,232 --> 00:43:26,482
thank you

1271
00:43:36,559 --> 00:43:36,809
I will now pass it over to Lou

1272
00:43:38,778 --> 00:43:39,028
Lou Cordova'm here

1273
00:43:42,181 --> 00:43:42,431
Cordova Hi everyone

1274
00:43:44,950 --> 00:43:45,200
Hi everyone it's good to see you

1275
00:43:46,185 --> 00:43:46,435
again.

1276
00:43:50,289 --> 00:43:50,539
we have taken a bipartisan

1277
00:43:52,274 --> 00:43:52,524
approach to the new development

1278
00:43:54,310 --> 00:43:54,560
contract we're still building a

1279
00:43:56,545 --> 00:43:56,795
global energy park but with a

1280
00:43:58,564 --> 00:43:58,814
security focus so we believe

1281
00:44:00,566 --> 00:44:00,816
that energy and grid security is

1282
00:44:02,284 --> 00:44:02,534
critically important and

1283
00:44:02,818 --> 00:44:03,068
Colorado has a chance to

1284
00:44:04,286 --> 00:44:04,536
leverage our labs and

1285
00:44:06,806 --> 00:44:07,056
universities and take a leading

1286
00:44:08,574 --> 00:44:08,824
role in this type of research

1287
00:44:10,059 --> 00:44:10,309
and commercialization of

1288
00:44:12,328 --> 00:44:12,578
innovative technology. So the

1289
00:44:14,864 --> 00:44:15,114
first phase will be about 60,000

1290
00:44:16,382 --> 00:44:16,632
square feet now 20,000 of that

1291
00:44:18,884 --> 00:44:19,134
will be at the highest level of

1292
00:44:20,786 --> 00:44:21,036
security it's called a skiff

1293
00:44:22,805 --> 00:44:23,055
which is a sensitive

1294
00:44:24,507 --> 00:44:24,757
compartmented information

1295
00:44:27,059 --> 00:44:27,309
facility and the other40k will

1296
00:44:28,811 --> 00:44:29,061
surround that most secure part

1297
00:44:32,047 --> 00:44:32,297
with various levels of security

1298
00:44:34,283 --> 00:44:34,533
additional phases are

1299
00:44:36,535 --> 00:44:36,785
expected in future years based

1300
00:44:39,088 --> 00:44:39,338
on demand and we're we're happy

1301
00:44:42,024 --> 00:44:42,274
with this sort of much more

1302
00:44:44,026 --> 00:44:44,276
focused approach on energy

1303
00:44:46,378 --> 00:44:46,628
security we think it gives

1304
00:44:46,962 --> 00:44:47,212
the local county

1305
00:44:48,864 --> 00:44:49,114
a chance to absorb this first

1306
00:44:50,816 --> 00:44:51,066
phase in terms of track traffic

1307
00:44:52,334 --> 00:44:52,584
and economic stimulus

1308
00:44:56,722 --> 00:44:56,972
and in 2026 we are working on

1309
00:44:58,507 --> 00:44:58,757
tenant recruitment now the

1310
00:44:59,024 --> 00:44:59,274
contract has been signed with

1311
00:44:59,708 --> 00:44:59,958
Kapla

1312
00:45:04,046 --> 00:45:04,296
uhvelopment and ryan struction

1313
00:45:06,048 --> 00:45:06,298
that has built these kinds of

1314
00:45:06,649 --> 00:45:06,899
secure facilities before

1315
00:45:10,319 --> 00:45:10,569
and we will be moving to the

1316
00:45:12,321 --> 00:45:12,571
location and extent process with

1317
00:45:14,740 --> 00:45:14,990
Jefferson County shortly and

1318
00:45:16,725 --> 00:45:16,975
that will involve continued

1319
00:45:17,293 --> 00:45:17,543
community engagement

1320
00:45:22,298 --> 00:45:22,548
that's it for now. Thank you

1321
00:45:22,932 --> 00:45:23,182
Missorova Does the committee

1322
00:45:23,616 --> 00:45:23,866
have any questions?

1323
00:45:28,187 --> 00:45:28,437
kirk

1324
00:45:36,028 --> 00:45:36,278
if you have any questions?

1325
00:45:36,745 --> 00:45:36,995
Perfect. thank you. does

1326
00:45:38,447 --> 00:45:38,697
committee have any questions on

1327
00:45:39,114 --> 00:45:39,364
this update?

1328
00:45:44,353 --> 00:45:44,603
had one more

1329
00:45:48,691 --> 00:45:48,941
so I know you gave kind of a

1330
00:45:52,027 --> 00:45:52,277
schedule or a amounts of time

1331
00:45:52,711 --> 00:45:52,961
that certain project you know

1332
00:45:54,697 --> 00:45:54,947
that projects take like general

1333
00:45:58,284 --> 00:45:58,534
you know and years of work to

1334
00:46:00,519 --> 00:46:00,769
get these projects done but

1335
00:46:02,488 --> 00:46:02,738
going back to the golden range

1336
00:46:04,490 --> 00:46:04,740
project where there are

1337
00:46:06,809 --> 00:46:07,059
numbers of different phases and

1338
00:46:07,493 --> 00:46:07,743
so

1339
00:46:11,030 --> 00:46:11,280
are are you anticipating like

1340
00:46:14,033 --> 00:46:14,283
one phase at a time is being

1341
00:46:16,268 --> 00:46:16,518
built or potentially multiple

1342
00:46:18,504 --> 00:46:18,754
phases are in different phases

1343
00:46:22,007 --> 00:46:22,257
of construction like ongoing at

1344
00:46:23,008 --> 00:46:23,258
the same time but staggered like

1345
00:46:26,028 --> 00:46:26,278
I'm just curious like how long

1346
00:46:28,097 --> 00:46:28,347
would you anticipate to build

1347
00:46:28,747 --> 00:46:28,997
out all these phases of

1348
00:46:32,501 --> 00:46:32,751
property you know residential

1349
00:46:34,653 --> 00:46:34,903
housing thank you Mr Chair.

1350
00:46:38,040 --> 00:46:38,290
yes there could be multiple

1351
00:46:40,025 --> 00:46:40,275
phases being built at at

1352
00:46:42,077 --> 00:46:42,327
once. it really depends on the

1353
00:46:44,263 --> 00:46:44,513
competitive funding rounds

1354
00:46:46,031 --> 00:46:46,281
and there's three separate

1355
00:46:48,267 --> 00:46:48,517
developers working on it so some

1356
00:46:50,502 --> 00:46:50,752
developers have two phases so

1357
00:46:52,705 --> 00:46:52,955
they may not build both phases

1358
00:46:54,690 --> 00:46:54,940
at once and then maybe one

1359
00:46:58,027 --> 00:46:58,277
after the other but we expect

1360
00:46:58,727 --> 00:46:58,977
from the time construction

1361
00:47:02,531 --> 00:47:02,781
begins in 2028 that we would

1362
00:47:04,667 --> 00:47:04,917
complete the final phase in

1363
00:47:05,234 --> 00:47:05,484
about4 to7

1364
00:47:07,269 --> 00:47:07,519
years depending on that

1365
00:47:07,836 --> 00:47:08,086
financing.

1366
00:47:10,723 --> 00:47:10,973
have one more weird question

1367
00:47:12,408 --> 00:47:12,658
thank you Mr Chair.

1368
00:47:16,261 --> 00:47:16,511
would any of this development

1369
00:47:20,015 --> 00:47:20,265
that the P3 is doing with you

1370
00:47:20,716 --> 00:47:20,966
know, developers who would be

1371
00:47:24,253 --> 00:47:24,503
actually constructing the the

1372
00:47:24,887 --> 00:47:25,137
projects

1373
00:47:28,524 --> 00:47:28,774
are any of them gonna be wrapped

1374
00:47:29,241 --> 00:47:29,491
up in metro district

1375
00:47:30,492 --> 00:47:30,742
form

1376
00:47:32,628 --> 00:47:32,878
kirk

1377
00:47:36,732 --> 00:47:36,982
thank you Mr chair at this time

1378
00:47:38,767 --> 00:47:39,017
there's there's not a plan to do

1379
00:47:42,254 --> 00:47:42,504
that we we we've not gone

1380
00:47:44,006 --> 00:47:44,256
that route yet and there's no

1381
00:47:46,008 --> 00:47:46,258
plan in place. I can't say

1382
00:47:46,759 --> 00:47:47,009
that that that won't happen for

1383
00:47:47,409 --> 00:47:47,659
any of them if

1384
00:47:50,496 --> 00:47:50,746
if we go to explore that for

1385
00:47:52,414 --> 00:47:52,664
some infrastructure costs but at

1386
00:47:53,098 --> 00:47:53,348
this time that is not the plan.

1387
00:47:56,752 --> 00:47:57,002
madam vice chair I would just

1388
00:47:57,369 --> 00:47:57,619
say that that would be

1389
00:48:02,257 --> 00:48:02,507
a huge problem on these projects

1390
00:48:04,727 --> 00:48:04,977
especially when we're looking at

1391
00:48:06,762 --> 00:48:07,012
the AMI ranges that we're

1392
00:48:08,764 --> 00:48:09,014
looking at, especially the ones

1393
00:48:10,582 --> 00:48:10,832
that are 100% or lower

1394
00:48:14,053 --> 00:48:14,303
it would be mort defying and

1395
00:48:16,021 --> 00:48:16,271
devastating to the property

1396
00:48:16,672 --> 00:48:16,922
owners

1397
00:48:20,259 --> 00:48:20,509
to the point where they likely

1398
00:48:22,027 --> 00:48:22,277
wouldn't be able to stay there

1399
00:48:22,644 --> 00:48:22,894
long term

1400
00:48:24,329 --> 00:48:24,579
it would be

1401
00:48:28,016 --> 00:48:28,266
it would be a really poor life

1402
00:48:28,700 --> 00:48:28,950
choice for us to move in that

1403
00:48:29,384 --> 00:48:29,634
direction.

1404
00:48:30,369 --> 00:48:30,619
just saying

1405
00:48:32,371 --> 00:48:32,621
good to know

1406
00:48:38,494 --> 00:48:38,744
so no further questions just

1407
00:48:40,262 --> 00:48:40,512
really wanna give credit to you

1408
00:48:42,247 --> 00:48:42,497
all I think that these updates

1409
00:48:44,266 --> 00:48:44,516
are valuable and so kind of

1410
00:48:44,850 --> 00:48:45,100
keeping this line of

1411
00:48:46,251 --> 00:48:46,501
communication open with this

1412
00:48:48,253 --> 00:48:48,503
committee a lot of credit to

1413
00:48:50,489 --> 00:48:50,739
you and I think that helps as we

1414
00:48:52,241 --> 00:48:52,491
get into session when things

1415
00:48:54,243 --> 00:48:54,493
start getting busy that we're

1416
00:48:54,960 --> 00:48:55,210
getting these updates

1417
00:48:56,512 --> 00:48:56,762
periodically so that you know we

1418
00:48:58,280 --> 00:48:58,530
know where the projects are and

1419
00:49:00,282 --> 00:49:00,532
whatnot and I just think that

1420
00:49:02,067 --> 00:49:02,317
helps out with the process a lot

1421
00:49:02,768 --> 00:49:03,018
and so really appreciate you

1422
00:49:04,670 --> 00:49:04,920
coming before us today and this

1423
00:49:05,337 --> 00:49:05,587
information it seems like you

1424
00:49:06,004 --> 00:49:06,254
got a couple

1425
00:49:08,006 --> 00:49:08,256
pretty exciting projects on the

1426
00:49:10,025 --> 00:49:10,275
horizon and I know I'm

1427
00:49:10,476 --> 00:49:10,726
excited to to hear more about

1428
00:49:12,494 --> 00:49:12,744
him but more importantly I

1429
00:49:14,029 --> 00:49:14,279
think just for the work that

1430
00:49:16,031 --> 00:49:16,281
we're doing as as a committee

1431
00:49:16,732 --> 00:49:16,982
I appreciate you coming before

1432
00:49:18,734 --> 00:49:18,984
us like this and and keeping

1433
00:49:20,419 --> 00:49:20,669
this line of communication open

1434
00:49:21,086 --> 00:49:21,336
so thank you.

1435
00:49:23,989 --> 00:49:24,239
thank you thank you thank you

1436
00:49:26,258 --> 00:49:26,508
Mrir and I just tack on similar

1437
00:49:28,260 --> 00:49:28,510
comments I really appreciate the

1438
00:49:30,295 --> 00:49:30,545
depth of detail that you're

1439
00:49:34,016 --> 00:49:34,266
getting into and of course

1440
00:49:36,285 --> 00:49:36,535
it's it's still sort of overview

1441
00:49:40,005 --> 00:49:40,255
but it's enough to help us

1442
00:49:40,739 --> 00:49:40,989
understand where projects are

1443
00:49:42,524 --> 00:49:42,774
going and how they're developing

1444
00:49:43,258 --> 00:49:43,508
and it's certainly

1445
00:49:48,013 --> 00:49:48,263
more helpful than where we have

1446
00:49:49,014 --> 00:49:49,264
been with previous projects

1447
00:49:49,598 --> 00:49:49,848
where

1448
00:49:53,001 --> 00:49:53,251
there were so many questions and

1449
00:49:54,786 --> 00:49:55,036
I think in many cases we didn't

1450
00:49:56,522 --> 00:49:56,772
know enough to even know what

1451
00:49:58,240 --> 00:49:58,490
questions to ask but I

1452
00:50:00,242 --> 00:50:00,492
appreciate the the level of

1453
00:50:02,344 --> 00:50:02,594
detail that you're sharing it's

1454
00:50:03,028 --> 00:50:03,278
super helpful

1455
00:50:08,250 --> 00:50:08,500
thank you thank you thank you

1456
00:50:10,519 --> 00:50:10,769
for being here members we do are

1457
00:50:12,037 --> 00:50:12,287
going to do a staff update

1458
00:50:12,821 --> 00:50:13,071
before we adjourn but I also

1459
00:50:14,289 --> 00:50:14,539
want to make a couple of

1460
00:50:16,542 --> 00:50:16,792
announcements one I wanna

1461
00:50:18,527 --> 00:50:18,777
welcome Mr Armstrong to the

1462
00:50:19,995 --> 00:50:20,245
capitalpital Developmentittee

1463
00:50:22,548 --> 00:50:22,798
really excited to have you

1464
00:50:24,550 --> 00:50:24,800
Mr Armstrong gonna missm Fong

1465
00:50:26,752 --> 00:50:27,002
but but really excited to

1466
00:50:28,754 --> 00:50:29,004
have you on the team working

1467
00:50:30,505 --> 00:50:30,755
with us and so happy to serve.

1468
00:50:32,824 --> 00:50:33,074
yeah thank you and members we

1469
00:50:33,492 --> 00:50:33,742
also I want to before we get in

1470
00:50:35,994 --> 00:50:36,244
the step update just want to

1471
00:50:36,728 --> 00:50:36,978
welcome some guests that we have

1472
00:50:38,480 --> 00:50:38,730
here with us from the state of

1473
00:50:40,749 --> 00:50:40,999
Wyoming research and evaluation

1474
00:50:42,784 --> 00:50:43,034
division we have the we have

1475
00:50:46,021 --> 00:50:46,271
Matthew Petrie who heads up

1476
00:50:48,273 --> 00:50:48,523
their division and then we

1477
00:50:50,525 --> 00:50:50,775
have some research analystsierre

1478
00:50:52,794 --> 00:50:53,044
Chesna, Libby Miles,

1479
00:50:56,281 --> 00:50:56,531
Jesssechaffer regulatory impact

1480
00:50:58,283 --> 00:50:58,533
and analysts corey Mccauliffe

1481
00:51:00,819 --> 00:51:01,069
and Oliverwatson and so thank

1482
00:51:02,554 --> 00:51:02,804
you for joining us today in

1483
00:51:03,171 --> 00:51:03,421
our committee and hopefully

1484
00:51:03,722 --> 00:51:03,972
we

1485
00:51:06,258 --> 00:51:06,508
didn't scare you all away

1486
00:51:08,727 --> 00:51:08,977
with our craziness here

1487
00:51:11,013 --> 00:51:11,263
today or lack thereof so

1488
00:51:12,314 --> 00:51:12,564
but welcome to Colorado and

1489
00:51:12,864 --> 00:51:13,114
thank you for joining us Miss

1490
00:51:13,548 --> 00:51:13,798
Forbes.

1491
00:51:16,952 --> 00:51:17,202
thank you Mr Cha Nina Forbes

1492
00:51:18,770 --> 00:51:19,020
legislative council staff you

1493
00:51:20,255 --> 00:51:20,505
already gave part of the update

1494
00:51:22,507 --> 00:51:22,757
I was going to give but just to

1495
00:51:24,493 --> 00:51:24,743
reiterate Mr Fung has moved

1496
00:51:26,511 --> 00:51:26,761
over to JBc staff so you'll

1497
00:51:28,263 --> 00:51:28,513
still see him around but not in

1498
00:51:30,065 --> 00:51:30,315
this particular committee

1499
00:51:32,267 --> 00:51:32,517
yeah and John John Armstrong has

1500
00:51:34,269 --> 00:51:34,519
joined us as our fiscal analyst

1501
00:51:36,705 --> 00:51:36,955
on CdC staff and then also on

1502
00:51:38,724 --> 00:51:38,974
the alls side we have two new

1503
00:51:40,475 --> 00:51:40,725
folks there as well we have

1504
00:51:42,027 --> 00:51:42,277
Stephhanie Shroub and then

1505
00:51:44,346 --> 00:51:44,596
Richard Sweetman joining us

1506
00:51:44,896 --> 00:51:45,146
for our

1507
00:51:48,050 --> 00:51:48,300
all us CDc folks so yeah just

1508
00:51:48,750 --> 00:51:49,000
excited to have this team

1509
00:51:50,736 --> 00:51:50,986
together. Perfect. welcome thank

1510
00:51:52,771 --> 00:51:53,021
you all for for joining us it's

1511
00:51:54,489 --> 00:51:54,739
going to be an exciting year.

1512
00:51:56,625 --> 00:51:56,875
any final comments or questions

1513
00:51:57,309 --> 00:51:57,559
before we adjourn.

1514
00:52:00,762 --> 00:52:01,012
seeing none that completes our

1515
00:52:02,281 --> 00:52:02,531
committee in the

1516
00:52:02,714 --> 00:52:02,964
capitalvelopmentittee is