[0:16] called the roll
[0:16] Committee members Henrickson
[0:16] here
[0:18] maro
[0:22] excused all tent erelton b
[0:24] excused
[0:26] Richardson
[0:26] here
[0:30] ory here Mr Chair
[0:36] here members first thing on
[0:38] the agenda today is
[0:38] consideration of higher
[0:40] education cash fund requests
[0:42] from pueblounity College. do
[0:44] we have president Hazel becker
[0:44] come on up
[0:54] Welcome to the CdC President
[0:55] Hazelbucker do you want to start
[0:55] us off?
[1:00] chair and members of the
[1:00] committee thank you so much for
[1:02] the opportunity to talk about
[1:04] this important project for
[1:06] pueblo Community College today.
[1:06] so today I'm requesting your
[1:10] authority to purchase and
[1:12] remodel a building in pueblo
[1:14] west Colorado. we're currently
[1:16] calling this the pueblo west
[1:16] tradede building. the
[1:20] acquisition would allow us to
[1:22] get about 16,000 square feet
[1:26] 2.679 acres. The keys for us are
[1:27] really there's kind of three
[1:27] keys why we are asking for the
[1:28] authority
[1:32] to spend this $3.75 million. the
[1:34] three key messages for us are is
[1:36] Senator Henrickson will know the
[1:39] fastest area of pueblo is pueblo
[1:42] west this facility will
[1:44] specifically serve welding
[1:44] and automotive students and
[1:46] those are two of the fastest
[1:48] growing programs at pueblo
[1:48] Community College and there's
[1:50] really 3 key points on this for
[1:52] us.umber one is this is pure
[1:54] growth for us so that we
[1:56] actually have 140 students ready
[1:57] to go 160 students'm sorry 160
[1:57] students ready
[2:00] to go in these programs today
[2:02] that we don't have capacity to
[2:04] serve so when we opened the
[2:06] building in pueblo west in the
[2:06] fall with your permission we
[2:09] will be actually adding 160
[2:10] students to our roles that are
[2:12] currently on waiting lists
[2:14] either at pueblo West High
[2:14] School or at pueblo Community
[2:16] College so we have the students
[2:18] this is also the happyppy
[2:20] project where you also have the
[2:21] employers. so if you look at the
[2:22] employment numbers we have
[2:24] pueblo is still highly reliant
[2:26] on manufacturing and we know
[2:27] that we have employers ready
[2:27] to
[2:30] hire these folks had a meeting
[2:32] for instance with CS Wi one of
[2:34] our important local partners
[2:36] and they told me the other day
[2:38] that they would take 120 welders
[2:39] if I could turn them out
[2:40] tomorrow. frankly I can't turn
[2:42] them out tomorrow because I
[2:42] don't have the space to do that
[2:44] so that we know that we have
[2:46] employment in these areas and
[2:46] then the final key point for us
[2:48] is this allows us to expand our
[2:50] facility into the largest
[2:52] growing area of the county into
[2:54] a facility that doesn't have any
[2:56] restraints in terms of what we
[2:56] can do there in terms of welding
[2:57] and automotive. it's already
[2:58] indus
[3:00] tri al it's already being used
[3:02] by a for profit education
[3:04] provider to provide similar
[3:04] training though they're not
[3:06] doing welding they're they are
[3:08] doing automotive there so it
[3:08] provides us a good space in an
[3:10] area of the county that's
[3:12] growing so really appreciate
[3:12] your consideration of this
[3:14] project and happy to answer any
[3:14] questions.
[3:16] this committee have any
[3:17] questions for
[3:18] the president
[3:24] madam vice chair thank you Mr
[3:25] Chair. I don't really have any
[3:26] questions but I'm glad you
[3:28] figured out a path going
[3:30] forward. I think this is
[3:32] great just given the workforce
[3:36] need that's out there and so
[3:36] yeah I think it'll be great
[3:37] thank you we're very excited
[3:40] thank you madam vice chairir let
[3:40] the record reflect
[3:42] thatpresentativemaro is with us.
[3:46] I do have maybe one or two
[3:46] questions when we look at the
[3:50] cost is that the cost of
[3:52] the property coupled with the
[3:54] cost of any retrofitting is that
[3:56] all in? Yep so 2.85 million is
[3:58] the purchase price for the
[4:00] property and then it's a little
[4:00] a little under a million is what
[4:02] the retrofit will cost us what
[4:04] is the property appraised for do
[4:06] we know that I don't know that
[4:07] yeah the
[4:10] property was originally put on
[4:12] the market at 3.5 million. we
[4:14] did work with the owner of the
[4:14] property to get down to that
[4:17] 2.85 purchase price but I
[4:18] don't have a current appraisal
[4:18] for you and then your
[4:20] partnership with pueblo
[4:24] disstrict se0 is that support
[4:26] essentially just kind of paying
[4:26] tuition for those students to
[4:28] come or is there any other type
[4:30] of support that comes along with
[4:32] that partnership. The
[4:34] partnership will include bussing
[4:34] so they're willing to bus their
[4:36] students from pueblo West High
[4:37] School to the facility and
[4:37] then Pueblo
[4:40] west has also been a school
[4:42] district that has been
[4:42] particularly helpful in
[4:44] providing the cost of materials
[4:46] books for those their
[4:46] students which you know isn't
[4:48] covered under the CE funding
[4:50] model so it's a it's a
[4:52] relatively minor investment on
[4:52] their end but the the
[4:54] partnership is a little bit more
[4:56] than just sending students
[4:56] perfect. Any further questions
[4:57] for
[4:58] the president
[5:02] seeing none madam Weister
[5:06] thank you Mr Chair. I move
[5:08] that CdC approve the new project
[5:10] listed on the pueblounity
[5:12] College two year projection of
[5:14] cash need that is a proper
[5:16] motion amazada please call the
[5:18] roll. Committee members
[5:18] Henrickson rightmaro
[5:20] yes
[5:23] helton be excused Richardson
[5:24] yes
[5:28] story yes Mister Chair yes
[5:29] congratulations that passes
[5:29] unanimously.
[5:32] thank you so much. thank you
[5:33] thank you for coming up and
[5:33] visiting with us today.
[5:38] Next up members we have
[5:40] consideration of property
[5:42] transaction proposals from CPw
[5:44] welcome
[5:48] I'm not sures do we have these
[5:49] other folks online then?
[5:56] we have Miss Hamming in person
[6:00] looks like I have KimRogers
[6:04] and then these other four will
[6:06] speak to the individual ones but
[6:08] if we can just bring them up so
[6:12] we're ready.ri mettenbrink, Rick
[6:16] Basiga crystal dryling and Todd
[6:17] Cozard
[6:22] while they're doing that do you
[6:22] want to start us off Miss Sammy?
[6:26] thanks so much Mr Chair members
[6:26] of the committee it's great to
[6:28] see you after a bit of a brief
[6:30] hiatus this summer.arrah Hamming
[6:32] I'm the director of legislative
[6:33] affairs with the department of
[6:34] naturaltural Resources and I'm
[6:36] here today to present four
[6:37] separate property transaction
[6:38] proposals for Colorado parks and
[6:40] wildlife alongside several of my
[6:42] CPw colleagues that are joining
[6:44] me online to help answer any
[6:44] questions that the committee may
[6:45] have.
[6:48] this morning I will be starting
[6:50] with the Lahara reservoir state
[6:50] wildlife Area fee title
[6:52] acquisition joining me online
[6:54] for this project we have
[6:56] KimRogers, CPw real estate
[6:58] section manager and Rick
[7:00] Bazagoitia CPw area wildlife
[7:01] Manager.
[7:06] CPw is seeking to purchase 2,427
[7:08] acres surrounding the existing
[7:09] Lahara reservoir state wildlife
[7:10] area in fee title from the state
[7:11] land board.
[7:14] DPw currently owns and manages
[7:16] approximately700 acres in and
[7:18] around this reservoir and this
[7:20] fee title acquisition will grow
[7:22] the state wildlife area to over
[7:24] 3000 acres giving CPw directman
[7:26] control of the reservoir and the
[7:27] surrounding basin.
[7:31] Cpw will be responsible for4.85
[7:32] million dollars of this purchase
[7:34] cost which will be paid for
[7:36] using habitat stamp dollars an
[7:38] additional $1.2 million will be
[7:40] matched with funding from our
[7:40] partners including great
[7:44] Outdoors Colorado or goo the
[7:44] national fish and Wildlife
[7:46] Foundation and the Rio Grande
[7:47] headwaters Land Trust.
[7:54] The2427 acres at CPw is seeking
[7:54] to acquire have been owned by
[7:56] the state land board since 1881
[7:58] but CPw has leased these lands
[8:00] for multiple decades through the
[8:00] state trust lands hunting and
[8:04] fishing Access programme under
[8:06] CPw ownership the property will
[8:06] continue to provide public
[8:08] access for hunting, fishing,
[8:10] camping and wildlife viewing as
[8:12] CPw recognizes the recreational
[8:14] opportunities provided by this
[8:14] property are incredibly
[8:16] important to the residents of
[8:17] Canaos County.
[8:18] Direct management and control of
[8:20] the reservoir and surrounding
[8:22] shoreline will allow Cpw to
[8:22] preserve and enhance the
[8:24] wildlife habitat, continue
[8:26] public access and allow for
[8:28] continued continued seasonal
[8:29] grazing in a manner that will
[8:30] improve and maintain grass
[8:30] conditions and wetland habitat.
[8:34] in your packet you'll find a
[8:34] letter of support from theaddeos
[8:36] board of county commissioners
[8:38] along with a letter of support
[8:40] from minority leader Simpson and
[8:41] with that I ask for your support
[8:42] on this property transaction
[8:44] proposal and our team is happy
[8:44] to take any questions that you
[8:46] might have. Thank you M Hamming.
[8:50] I do have KimRogers and
[8:54] Rick Basogodia to speak to that
[8:56] or they just here for questions
[8:56] only on those projectsect
[9:02] maybe what we'll do is if we'll
[9:02] just go through them and then we
[9:03] can
[9:04] maybe we can just raise our
[9:06] hands if we have questions as
[9:08] the projects go along. do we
[9:08] have any questions on this
[9:09] project? madam vice chair
[9:14] thank you Mr Cha. I just am
[9:16] curious if there's anybody on
[9:20] the team that knows what the US
[9:22] Forest Service and Bureau
[9:24] oflandnd Management will be
[9:24] doing with their43,00
[9:30] hemming thank you Mr Chair and
[9:32] my colleague Rick Bazagoita
[9:34] will be able to speak to this in
[9:34] more detail but I did want to
[9:36] mention that there is as you
[9:36] have mentioned in the packet
[9:38] some detail about additional
[9:40] parcels that will be sold from
[9:40] the state land board to the
[9:42] federal government so the the US
[9:44] fish the US Forestervice and
[9:46] the Bureau oflandnd Management
[9:47] those parcels are a separate
[9:48] exchange and the state land
[9:50] board is hoping to finalize that
[9:52] sometime before the end of
[9:54] October so that is also in the
[9:54] works but I can turn it over to
[9:56] my colleague Rick to kind of
[9:57] speak to your question in more
[9:57] detail.
[9:58] Mr Becodia
[10:04] good morning chair vice chair
[10:06] members rick Bossagua Harry
[10:08] Wallach manager in the Sanmos
[10:10] alley. yes with regard to the
[10:12] forestervice andbLM they'll both
[10:12] be acquiring portions of this
[10:13] property
[10:15] they will essentially be
[10:18] managing them as they typically
[10:20] would forced and and BLM lands
[10:20] public lands
[10:24] we are working closely with them
[10:26] because close coordination on
[10:26] this is going to be important
[10:30] it's very it's critical wildlife
[10:30] habitat especially in the
[10:31] wintertime
[10:34] and a very very popular remote
[10:36] hunting and and other outdoor
[10:38] recreation property so they will
[10:40] continue to manage for multiple
[10:42] uses and and more most
[10:44] importantly by taking over the
[10:48] grazing management there that
[10:48] CPw just wouldn't be able to
[10:49] handle at that scale
[10:50] thank you
[10:54] Any further questions on this
[10:55] project?
[10:56] seeingun we'll move on to the
[10:57] next one assuming
[11:02] thank you Mr Chair. Moving on to
[11:04] the proposed Garluzzo fee title
[11:06] acquisition at Fisher's Peak
[11:08] State Park. I am joined online
[11:08] for this proposal by again
[11:10] KimRogers CPw real estate
[11:12] section manager and crystal
[11:14] Drrewing parkk manager with
[11:16] Fishers Peak State Park to help
[11:16] answer any questions that you
[11:17] may have on this proposal.
[11:22] CPw is seeking to acquire a 13.3
[11:24] acre parcel adjacent to Fishers'
[11:26] Peak State Park. The property
[11:28] was valued at $230,000 and will
[11:30] be paid for from lottery funds.
[11:32] The current property owners wish
[11:34] to sell this property to CPw for
[11:36] the purposes of contributing to
[11:36] meaningful outdoor recreation at
[11:37] the park.
[11:40] with the acquisition of this
[11:42] property, CPw will be able to
[11:42] design and build an attractive
[11:44] and functional entrance gate
[11:46] experience for visitors. The new
[11:48] park entrance will be accessed
[11:50] from the existing frontage road
[11:52] off ofi-25 allowing for safe
[11:54] accessible and scenic access to
[11:56] Fishers Peak State Park. In your
[11:56] packet you'll find a letter of
[11:58] concurrence for this transaction
[12:00] from the lasts animas County
[12:02] Board of Commissioners and with
[12:02] that I ask for your support on
[12:04] this property transaction
[12:04] proposal and we're happy to take
[12:05] any questions.
[12:07] the committee have any questions
[12:08] on this proposal?
[12:12] Seeing none will move on, Miss
[12:13] He
[12:20] Thank you Mr Chair. Next I will
[12:21] be presenting a property
[12:22] transaction proposal for CPw
[12:25] located within Weld County to
[12:26] establish a new state wildlife
[12:28] area that we are looking to call
[12:30] the Paloma prairie State
[12:32] wildlife Area. for this proposal
[12:34] I am joined again by KimRogers
[12:34] CPw real estate section manager
[12:38] andri Medenbrink CPw assistant
[12:38] assistant area wildlife manager
[12:39] to help answer any questions.
[12:42] c p w is looking to acquire
[12:45] approximately 640 acres of land
[12:46] in Weld County, the property was
[12:48] formerly used as a research site
[12:50] for the national aeronautics and
[12:52] atmosphericdministration or NOA.
[12:54] however the property has not
[12:55] been used for decades and the
[12:56] building on the property has
[12:58] since become dilapidated.
[13:00] pursuant to an act of Congress
[13:02] approved in 1948, the federal
[13:03] government is authorized to
[13:04] transfer surplus federal
[13:07] property to state wildlife and
[13:08] agencies for the purpose of
[13:10] wildlife conservation. CPw
[13:10] applied to
[13:12] receive this specific property
[13:14] under this federal provision and
[13:15] was approved for the exchange
[13:16] which will be of no cost to CPw
[13:17] to acquire.
[13:20] This exchange will allow CPw to
[13:22] establish a new statewide
[13:23] wildlife area and an area of the
[13:24] state that has great demand for
[13:26] hunting but rather limited
[13:27] opportunities
[13:30] the property is suitable for
[13:30] hunting small game and deer and
[13:32] will also provide the
[13:32] opportunity for grazing every
[13:34] couple of years to help improve
[13:35] the habitat on the parcel.
[13:38] The building currently located
[13:39] on the property will need to be
[13:41] demolished for safety purposes
[13:42] which is estimated to cost CPW
[13:46] approximately $200,000 in your
[13:46] packet you'll find a concurrence
[13:48] letter for this transaction from
[13:48] the Weld County Board of
[13:50] commissioners and with that I
[13:51] ask for your support and I'm
[13:52] happy to take any questions.
[13:54] any questions on this project
[13:55] from the committee
[13:56] Senator Henrickson
[14:00] thank you Mr Chair.
[14:04] thank you Misshamming. so this
[14:08] is one I mean 640 acres it's one
[14:10] square mile. it looks like from
[14:12] the satellite images the there
[14:12] is not
[14:14] in the adjacent
[14:20] 640 acre blocks it it looks
[14:21] like there is not
[14:24] agriculture ongoing right now.
[14:26] Is there potential opportunity
[14:27] for
[14:31] for a lance's trust later on so
[14:32] that the the hunting
[14:34] opportunities on the land could
[14:36] be expanded to the greater
[14:36] property adjacent to it
[14:40] Sammy thank you for that
[14:42] question Senator Henrickson. I
[14:43] will turn that over to KimRogers
[14:44] CPw's real estate section
[14:45] manager Mr.Rogers
[14:54] you're muted miss rogers
[15:03] Thank you. good morning chair
[15:04] and committee members KimRogers
[15:08] real estate section manager for
[15:10] Colorado Parks and wildlife
[15:12] there isn't any other protected
[15:18] land around this property so
[15:18] it it would be
[15:23] purely a guess on my part as
[15:23] to whether or not
[15:28] we could expand this in the
[15:28] future
[15:32] and
[15:38] if I may respectfully remind
[15:40] the committee that generally we
[15:42] vote after each project
[15:42] thank you
[15:48] we will we will make a motion
[15:48] after the presentations for each
[15:49] project.
[15:52] Miss Hamy is there any further
[15:54] questions from the committee?
[15:58] seeing no I just I would like to
[16:00] say just credit to your
[16:02] department Misshamming. I think
[16:02] it's pretty neat that you're
[16:04] able to to kind of find this and
[16:06] and take advantage of you know
[16:08] this the program from the
[16:09] federal government to be able to
[16:10] acquire this and add it to the
[16:14] assets of of CPw and you know be
[16:16] able to have a a a piece of land
[16:18] you know inwell County that the
[16:20] folks will be able to access for
[16:20] a number of different reasons
[16:22] and so kudos to you all for
[16:23] for taking advantage of that
[16:26] thank you Mr Char yeah we're
[16:28] always incredibly excited at the
[16:28] opportunity to open up more
[16:30] access to hunting and other
[16:32] recreation to folks across the
[16:32] state especially in this area of
[16:36] the state so and we are to the
[16:38] final project I believe before
[16:38] us with the cottonwood state
[16:39] wildlife areaa Missham.
[16:42] thank you Mr Chair. Finally we'd
[16:44] like to present a property
[16:46] transaction proposal to secure a
[16:46] water pipeline easement at
[16:48] Cottonwood State Wildlife Area
[16:50] for this proposal I am joined
[16:52] online by KimRogers CPw real
[16:54] estate section manager and todd
[16:56] Kozad Cpw Area wildlife Manager
[16:57] to help answer any questions
[16:57] that the committee may have.
[17:00] c p w is seeking to acquire a
[17:02] perpetual irrigation water
[17:04] conveyance easement across
[17:04] private land in order to deliver
[17:06] water to the cottonwood State
[17:08] wildlife area for a total
[17:10] consideration of7,500 dollars
[17:10] paid for from wildlife cash
[17:14] c p w retains ownership of
[17:16] ditched shares and well pumping
[17:17] rights on cottonwood state
[17:18] wildlife area. however
[17:20] utilization of Cpw's irrigation
[17:22] water has been challenging due
[17:24] to the creation, operation and
[17:24] maintenance of an open
[17:26] irrigation ditch aligned through
[17:28] a center pivot irrigation field
[17:30] on privately held property
[17:30] located just south of the state
[17:31] wildlife area.
[17:34] a formal easement will allow CPw
[17:36] to continue to move water to the
[17:38] state wildlife area for the
[17:40] beneficial use of wildlife
[17:40] without damaging any of the
[17:42] crops on the private property to
[17:42] its south.
[17:44] in your packet you'll find a
[17:46] letter of concurrence from the
[17:48] Morgan County Board of
[17:48] commissioners on this property
[17:50] transaction proposal and with
[17:50] that I ask for your support and
[17:52] I'm happy to take any questions.
[17:54] Thank you M Hamming does the
[17:54] committee have any questions on
[17:55] this project?
[18:00] seeing none that concludes the
[18:02] presentations for the projects
[18:04] we are to the motions and the
[18:06] first one up that we have is the
[18:08] Lahara reservoir madam vice
[18:08] chairir.
[18:16] I moved that Cdc recommends
[18:18] support for the fee title
[18:22] acquisition of 2427 acres
[18:24] surrounding the Lahara state
[18:26] wildlife area from the state
[18:34] land board 60 67,500 acres
[18:34] for 20
[18:38] dollars I'm so sorry
[18:44] Yeah yeah $667,500 for 2,427
[18:48] acres that is a proper motion
[18:48] Mr. Amazada please call the
[18:49] roll.
[18:50] Committee members Henriksson
[18:52] himaro
[18:54] yes
[18:56] helton be excused Richardson
[19:02] story yes Mr Chair yes and that
[19:02] passes unanimously
[19:05] Next up is the Fisher's eak
[19:05] project madam vice chairir.
[19:10] I moved that Cdc recommends
[19:12] support for the fee title
[19:16] acquisition of 13.31 acre parcel
[19:18] adjacent to Fisher's Peak State
[19:22] Park $230,000 for 13.31 acres
[19:24] that is a proper motion Mr.
[19:24] Amazad please call the roll.
[19:26] committeetee members Henriksson
[19:28] himaro
[19:30] yes Helton excused Richardson
[19:34] yes
[19:34] story yes
[19:36] yes and that passes unanimously
[19:40] Next up we have the Paloma
[19:40] prairie state wildlife areaa
[19:41] madam vice chair.
[19:46] I move that Cdc recommends
[19:48] support for the fee title
[19:50] acquisition via donation of
[19:54] 17,065 Weld CountyRoad 28
[19:58] Platteville, Colorado for noco
[20:00] for 640 acres that is a proper
[20:02] motion, Mr. Amazada please call
[20:02] the roll.
[20:04] it te e members henrikssoniimaro
[20:08] yes Hlton excused Richardson
[20:14] Yes story yes Mister Chair yes
[20:14] and that passes unanimously and
[20:16] last step we have the cottonwood
[20:17] State Wildlife Area madam vice
[20:17] chair.
[20:24] I move that CdC recommends
[20:24] support for the acquisition of a
[20:26] perpetual irrigation water
[20:28] conveyance easement for the
[20:30] cottonwood state wildlife
[20:32] Area7,500 dollars for less than
[20:34] one acre that is a proper
[20:36] motion, Mr. Amazada please call
[20:38] the roll. Committee members
[20:38] henriksson hiimaro
[20:42] yes Helton excused Richardson
[20:48] story Yes Mr Chair yes and that
[20:50] passes unanimously. thank you
[20:50] for being here today you very
[20:51] much
[20:54] Next up members we have a
[20:58] presentation from the P3 project
[21:02] department for updates do
[21:02] we have Tomuric here
[21:06] camemeron Kennedy and Louordova.
[21:36] wants to start us off
[21:44] Good morning Mr Chairormerrick.
[22:04] thank you for taking the time to
[22:06] listen to my update on the p3
[22:08] unit's progress today I want to
[22:08] give you a clear view of where
[22:12] the portfolio stands the value
[22:12] of these projects can create for
[22:14] Colorado and the s and the work
[22:16] still required to deliver them.
[22:48] we have moved forward from
[22:48] building a new program the
[22:50] matting is just a substantial
[22:52] statewide pipeline that's
[22:52] meaningful progress for our
[22:54] office it also means that for
[22:56] some of these projects we are
[22:58] now doing the difficult but
[22:58] necessary middle stage work
[23:00] where entitlement infrastructure
[23:02] financing and community issues
[23:04] have to be solved before
[23:04] construction can begin.
[23:08] The unit exists to term public
[23:08] assets and public priorities
[23:10] into viable projects that the
[23:11] state could not deliver alone.
[23:14] This update shows that portfolio
[23:16] with real scale strong
[23:18] development partners and a
[23:18] disciplined path from
[23:19] opportunity to implementation.
[23:30] this is the show's our statewide
[23:31] p free delivery platform
[23:36] SB22130 gave the state a
[23:38] dedicated platform for
[23:38] developing public private
[23:40] partnerships we do much more
[23:42] than just identify the land. We
[23:44] test feasibility run competitive
[23:46] procurements negotiate
[23:48] agreements coordinate agencies,
[23:50] local governments and we stay
[23:51] involved throughout the
[23:52] implementation.
[23:54] eachach one of these steps
[23:56] listed here takes time
[23:56] throughout the process
[24:00] or measure of success is not the
[24:02] number of ideas announced it is
[24:04] the number of wellstructured
[24:04] projects that deliver public
[24:06] benefit while protecting the
[24:06] state.
[24:14] current portfolio outlook
[24:16] portfolio now includes eight
[24:18] active projects more than 1600
[24:20] proposed affordable and tainable
[24:22] homes at least4 childcare
[24:24] facilities more than 390 million
[24:26] in expected private investment
[24:28] and more than 13 million in
[24:30] projected program revenue over
[24:30] 10 years.
[24:32] we are also honored that the
[24:36] unit was named a 2026 P3 awards
[24:38] finalist for public sector
[24:38] procuer of the year by the p3
[24:39] bulletin
[24:42] that recognition is significant
[24:44] because it comes from the
[24:46] internationalal P3 industry and
[24:46] reflects the quality of the
[24:48] platform Colorado has built in a
[24:49] short period of time
[24:50] it recognizes the hard work of
[24:52] our team our agency partners in
[24:54] the private and community
[24:54] partners helping move these
[24:56] projects forward. we're proud of
[24:58] it while recognizing that the
[24:59] ultimate measure of success will
[25:00] be delivering these projects for
[25:01] Colorado.
[25:04] these numbers show the promise
[25:04] of the portfolio
[25:10] Can I just ask a quick question.
[25:12] I'm sorry. we were having a
[25:14] few words for a moment but thank
[25:18] you. I just took liberty while
[25:20] you were away I'm I'm curious
[25:22] like who is awarding the award
[25:24] and you might have stated it and
[25:24] I apologize for our sidebar.
[25:26] k ir k
[25:30] thank you Mr Chair. Madam Weiser
[25:32] it's the P3 bulletin their
[25:32] industry
[25:38] magazine slash consortium so
[25:38] they do an award for
[25:42] the public private partnerships
[25:44] around the around the world this
[25:46] is a word for the Americas so
[25:46] we're actually going up against
[25:48] the University of Kansas the
[25:50] Brazil land transformation
[25:52] agency and the Guatemalan
[25:53] infrastructure agency.
[25:55] you
[26:00] obviously the these numbers
[26:02] these are not guaranteed
[26:04] outcomes so our responsibility
[26:04] is to convert the promise into
[26:06] durable agreements and complete
[26:06] a project
[26:15] Repeatable p3 delivery model
[26:18] this is something we have
[26:18] developed since the beginning of
[26:19] our office
[26:22] and this slide explains why
[26:24] major pc projects take time. A
[26:26] good concept must survive
[26:28] feasibility work, market
[26:30] testing, procurement agreement
[26:32] negotiations, public approvals
[26:34] entitlement financing and
[26:36] construction. Each step proje
[26:36] protects the state and improves
[26:38] the likelihood that the project
[26:39] can actually perform.
[26:42] as you can see from the
[26:44] timelines listed, each phase can
[26:46] move quicker or slower depending
[26:46] on the project and the project's
[26:47] circumstances
[26:50] pe ed matters but door
[26:52] durability matters more skipping
[26:54] diligence might make a project
[26:55] look faster at the beginning
[26:56] and creates much greater cost
[26:57] and exposure later.
[27:10] I'll go over some of our our
[27:11] projects that are active right
[27:11] now
[27:16] the AA Ball field project AE
[27:16] moving toward financial close on
[27:18] a high valuable mixed use
[27:22] project 168 homes serving
[27:24] households from 60 to100% of AMI
[27:26] along with an early childhood
[27:28] educator education center that
[27:29] will serve the campus and its
[27:29] surrounding community.
[27:32] because of the rise of interest
[27:34] rates and construction costs
[27:36] since the inception of this
[27:38] project four years ago. The
[27:38] project has gone through many
[27:40] iterations to go where we are
[27:40] today.
[27:44] The p3 unit's continuous
[27:44] spending authority allowed us to
[27:46] be a flexible partner for them
[27:48] and help preserve a project with
[27:50] significant housing workforce
[27:50] and childcare benefits.
[27:54] The immediate focus going
[27:56] forward now is financial close
[27:56] followed by groundbreaking
[27:58] early next year
[28:08] So arttline village project
[28:14] Ortline village will turn 14.4
[28:16] acres of underutilized state
[28:18] property into approximately 195
[28:20] homes including 120 affordable
[28:22] rentals and75 for sale homes
[28:24] plus a childcare center two in
[28:26] home childcare spaces and artist
[28:27] studios
[28:30] thanks to the CDC approval
[28:32] earlier this year we continue to
[28:32] work diligently on moving
[28:33] forward on this project.
[28:36] the local zoning code repeal in
[28:38] Lakewood earlier this year
[28:40] did set back the timeline for
[28:42] the project and that was outside
[28:43] of our control but it did not
[28:44] erase the project's value. We
[28:46] adjusted the timeline retained
[28:48] the team and continue working
[28:48] toward agreements and
[28:49] entitlements
[28:50] this is exactly the kind of real
[28:52] world risk a long term
[28:54] development program must be
[28:56] equipped to manage and really
[28:58] shows the benefits of having a
[28:58] committed partnership in
[28:59] projects like these
[29:02] we are currently starting the
[29:02] community engagement project
[29:04] process for the rezoning of the
[29:05] parcels
[29:06] madam vice chair
[29:10] thank you Mr Chair. Mrurrick,
[29:12] would you mind sharing a little
[29:16] bit more about the the change
[29:16] in the zone the repeal of the
[29:20] zoning code in Lakewood and
[29:21] why that impacted this project
[29:21] just
[29:24] just for fun
[29:24] Mrurrick
[29:26] sure
[29:28] thank you Mr Chair. we had
[29:30] worked with the city of Lakewood
[29:32] as they were redesigning their
[29:34] zoning code originally and they
[29:36] had rezoned our parcels to
[29:37] fit
[29:42] this project. when the city
[29:44] and the voters repealed the the
[29:44] zoning the new zoning code that
[29:46] they had implemented throughout
[29:46] the city
[29:50] we now have gone back to the
[29:52] original zoning of the parcels
[29:53] which was
[29:56] MEs which Lakewood was actually
[29:58] trying to get out of
[30:00] completely of their zoning code
[30:00] because it it it
[30:04] it says that50% of office space
[30:05] has to be on the property.
[30:08] and that's just
[30:10] in in today's time that they
[30:12] don't feel that's a realistic
[30:14] option for for their zoning
[30:16] code. so now we we have to go
[30:18] through the rezoning process
[30:20] which is about an8 to12 w2 month
[30:21] process
[30:30] of
[30:38] governor's mansion parking lot
[30:44] This compact site shows how a
[30:46] small state asset can produce
[30:46] several benefits at once
[30:48] The proposal adds approximately
[30:52] 67 mixed income rental homes
[30:54] preserves 28 parking spaces for
[30:56] mansion operations and directs
[30:58] ground lease revenue to long
[30:59] term mansion maintenance.
[31:02] the strength of this proposal is
[31:04] its alignment housing in central
[31:04] Denver continued mansion
[31:06] functionality and a permanent
[31:08] revenue source for a historic
[31:09] state asset.
[31:12] we have had supportive
[31:14] conversations with the local
[31:14] neighborhood groups and city
[31:16] councilwomen for this project
[31:18] and the goal for for us will be
[31:20] to come for approval for
[31:22] before CDC in October
[31:26] Madam vice chair thank you Mr
[31:29] Chair. is this somewhat a
[31:29] conceptual
[31:34] picture of what it might look
[31:34] like
[31:38] thank you Mr Cha. Yes, this is a
[31:42] conceptual idea of of the of the
[31:42] design from Adamerger
[31:43] development
[31:44] thank you
[31:48] have a quick question just
[31:50] looking at the page that was
[31:52] given to us and kind of a a
[31:54] spreadsheet listing out kind of
[31:56] the where where every project is
[31:58] in the process and and whatnot
[32:00] you know developer partner
[32:02] procrude development agreement
[32:04] executed site evaluation
[32:06] feasibility etc and goes
[32:08] throughout I guess I'm just
[32:10] curious in there on these
[32:12] projects was there any thought
[32:14] about putting a column in there
[32:14] about where it is in in regards
[32:15] to approval by
[32:18] the CDC or or in regards to kind
[32:19] of state approval or or or
[32:24] thank you senator Majolka
[32:26] cameron Kennedy director of
[32:30] state properties with DPA we we
[32:32] have issues we have to manage
[32:34] that are both interior and
[32:36] exterior and the table you were
[32:37] provided contemplates the
[32:40] exterior issues the interior
[32:40] issues include procurement Cdc
[32:44] approval and other issues that
[32:44] we have to address within the
[32:46] state as we move forward through
[32:48] these projects but we can
[32:50] certainly put that together and
[32:50] and have that to you
[32:51] pretty quickly.
[32:54] yeah I I I just speaking for
[32:56] myself as a member of the
[32:56] committee I think there would be
[32:58] some value to it just to see
[32:59] where where you all are
[33:00] internally on the on the
[33:02] projects as well. I this is
[33:04] valuable as well obviously
[33:06] but I think the internal
[33:06] information is is just as
[33:07] valuable so appreciate it you
[33:16] Goldenan
[33:20] goolden Range is the largest
[33:22] housing initiative to date for
[33:24] the p3 unit it's approximately
[33:26] 378 homes across rental and for
[33:28] sale products serving households
[33:32] from 30 to140% of AMI it creates
[33:34] both affordable rental options
[33:34] and attainable paths to
[33:36] homeownership in a very
[33:36] constrained market.
[33:38] we have had productive
[33:40] conversations with the city of
[33:42] Goldenta and they have pledged
[33:42] some of their private activity
[33:44] bonds in support of the project
[33:45] as we move forward
[33:48] the scale makes golden ranges
[33:50] especially compelling and also
[33:52] makes careful phasing essential.
[33:54] Weenga we are engaging on site
[33:56] and community issues now so the
[33:56] state can make informed
[33:58] decisions before entering
[33:58] binding long term agreements
[34:02] this project is on track to
[34:04] complete zoning in late 2027 and
[34:06] hope to commence construction in
[34:08] 2028. from that point since some
[34:10] phases of the project depend on
[34:12] competitive funding rounds the
[34:14] project completion timeline for
[34:15] all phases is expected to be4
[34:15] to7 years.
[34:19] ma'am vice chair
[34:22] I'll just insert a question
[34:26] and doesn't matter like when
[34:28] you know you address this in
[34:30] your presentation but in these
[34:32] residential properties where
[34:36] there's a range of AMI units
[34:38] that are going in. I'm curious
[34:40] for each of the projects like
[34:42] what percentage
[34:46] of the units will be you know
[34:46] the various AMI
[34:50] you know elements in them just
[34:50] to get
[34:54] you know a sense of what it
[34:56] might look like but it you know
[34:56] it can happen at the end or
[34:57] whenever.
[35:02] unfortunately because of the way
[35:06] the financing works it's hard to
[35:08] nail that down upfront as we
[35:10] get closer to CDC approval we'll
[35:12] have a better understanding of
[35:16] kind of the the project it
[35:16] still won't be exact but we'll
[35:18] have a better understanding of
[35:20] buckets but we can we can try
[35:22] to work on that for you that'd
[35:22] be great thank you
[35:32] Durango redevelopment project
[35:38] Durango demonstrates the unit's
[35:38] statewide reach and its ability
[35:39] to build projects with local
[35:40] governments
[35:42] the current concept will create
[35:44] more than 136 mixed income homes
[35:46] serving households from 30
[35:46] to120% of AMI.
[35:50] the city and the pC unit have
[35:52] entered it in the MU for this
[35:54] project and coordinating on how
[35:55] to best solve the community
[35:56] needs while making this a
[35:58] successful project for the p3
[36:00] unit. The city has discussed the
[36:02] potential of private activity
[36:04] bonds and an urban renewal
[36:04] district for this property as
[36:05] well.
[36:08] the next step for this project
[36:10] is market competition. The goal
[36:12] will be to release an RFQ late
[36:13] this year early next and it will
[36:14] help tell us how qualified teams
[36:16] would best convert the public
[36:18] concept into a financeable and
[36:18] deliverable project.
[36:31] Red rockck's TOD unsolicited
[36:31] proposal
[36:36] Red rockcks presents a different
[36:37] kind of opportunity.
[36:40] Mortensonvelopment proposed to
[36:41] acquire prop privately owned
[36:41] land
[36:44] donated to the state and we
[36:45] would grandly sit back
[36:50] to them for 333 to400 workforce
[36:51] rental homes near transit.
[36:54] providevidentsourcesroup would
[36:56] finance the project primarily
[36:58] through bonds repaid from
[36:58] project revenue rather than
[36:59] state funding.
[37:02] the housing part of this project
[37:04] is obviously a large number of
[37:05] units that would have a great
[37:06] impact on workforce housing but
[37:08] the potential long term
[37:09] financial return is also
[37:09] important.
[37:12] after the bonds are repaid the
[37:14] developers compensated and
[37:16] project expenses are covered. on
[37:18] that project revenue would would
[37:19] return to the unused property
[37:20] fund
[37:22] if the project performs as
[37:24] anticipated that revenue could
[37:25] be a game changer for the
[37:25] program.
[37:28] it could give the unit a larger
[37:29] budget to invest more
[37:30] substantially in future projects
[37:32] and the flexibility to take on
[37:33] different types of public
[37:33] priorities over time.
[37:38] can I ask a quick question
[37:42] Mrerrick? So the process is kind
[37:44] of makes you a little dizzy to
[37:44] think about that they buy it and
[37:46] then give it and then lease it
[37:50] back and whatnot and so that
[37:52] aside I'm sure we can get in the
[37:52] details in the future on this.
[37:54] Would there is a proposal then
[37:56] that that company Mortensen it
[37:58] would only be their employees
[38:00] that would be eligible to to
[38:02] utilize these units or what how
[38:03] would that how would that
[38:04] operate?
[38:08] no the the the whole
[38:09] community any anyone would be
[38:10] able to rent those units so
[38:14] then that I guess that that
[38:16] makes my question like that
[38:18] makes that that first question
[38:20] even bigger than I guess where
[38:22] why why would why would a
[38:24] company purchase property donate
[38:28] it and then pay to lease it
[38:30] back. I I don't understand
[38:30] there's there's a couple of
[38:36] reasons one is that the they
[38:36] want to do workforce housing
[38:38] they they want that's kind of
[38:42] their their their social part of
[38:44] their their company they want to
[38:46] do this. The second reason is
[38:48] providednsourcesroup
[38:50] does these type of social
[38:52] infrastructure projects across
[38:54] the country. they've done
[38:56] hospitals they've they've
[38:58] done projects student housing
[38:59] and they are
[39:02] if it's state land they are able
[39:03] to get tax exempt bonds
[39:08] and that makes these projects
[39:10] feasible for them to build
[39:12] with a with the lower interest
[39:14] rates and and that's kind of
[39:16] where the the the ability to
[39:16] do the project comes from
[39:22] yeah and I'm I'm still confused
[39:22] with Mortenson then be the
[39:24] company that builds it would
[39:26] that be part of the deal or they
[39:28] would build the project so ok so
[39:28] that now that's kind of coming
[39:30] together so they purchased the
[39:34] land donate it lease it back but
[39:36] part of the deal is is they are
[39:38] the they're the organis or the
[39:39] company that would build the
[39:40] units
[39:44] thank you madam vice chairir.
[39:46] thank you Mrir
[39:48] but it's it's financed by
[39:48] Providentsources Group.
[39:52] and they're the nonprofit
[39:54] Mortenson is not a nonprofit
[39:56] nonprofit so they would they
[39:56] would they would make some
[39:58] profit off the project yeah of
[40:00] course
[40:04] but the state would own the land
[40:06] and the state would receive
[40:06] revenue as a lease
[40:10] the state would have so the
[40:12] state would have received the
[40:14] revenue as a as a ground lease
[40:15] until the
[40:18] they would all net operating
[40:19] income
[40:19] and
[40:22] after the not just the lease but
[40:23] until the once the project's
[40:23] stabilized
[40:28] we would receive all net
[40:30] operating income after debt is
[40:33] paid and after operations are
[40:34] are paid so in the 1st 10 years
[40:36] we would receive around8.7
[40:40] million dollars after you 30
[40:42] about42 million and after you're
[40:43] 50 about 213 million.
[40:48] and what would the is so it's
[40:52] it's saying federal grants or or
[40:54] you know it's talking about
[40:54] federal dollars potentially
[40:56] coming in will the state be
[40:58] spending any money then or is
[40:58] that just pure
[41:00] yeah my kirk
[41:04] no so the the property would pay
[41:06] for it for itself the the
[41:08] property would pay for all
[41:10] operations and you would just
[41:11] pay for the property
[41:14] to manage it itself and so those
[41:14] dollars are just pure
[41:18] profit to the state or to the
[41:20] program I assume it would stay
[41:20] within the p3 program is that
[41:22] correct? unused state property
[41:23] fund
[41:24] would be the idea
[41:24] madam vice chair
[41:30] and while adhering to the 80 to
[41:30] 100% AMI.
[41:31] throughout
[41:35] from now ti forever and
[41:36] eventually the bonds were paid
[41:38] off there would be
[41:42] flexibility to to lower those
[41:44] AMIs if if we decided to
[41:46] because we were we wouldn't be
[41:48] needing to pay off that that
[41:49] service.
[41:52] but but you but the state would
[41:54] be responsible for maintenance
[41:56] of the of the facility we would
[41:58] not be maintenancing ourselves
[42:00] but we would be responsible for
[42:04] we would work with a a board
[42:06] to hire a there's a do the the
[42:09] the money it would take to to
[42:10] maintain the property would be
[42:12] the responsibility of more
[42:14] coming out of those revenues
[42:16] Mortenson is is right now
[42:22] posingmison's company which is a
[42:23] a maintenance company. OK.
[42:30] Again kudos I think that's a
[42:31] really interesting
[42:32] project a man vice chair
[42:38] I might have read it somewhere
[42:40] but now I don't remember where's
[42:41] the this location?
[42:44] happening so this site is
[42:48] located in Lakewood and it's
[42:48] right near the Red rockcks
[42:49] Community Collegeation.
[42:50] got you
[42:57] and we would like to return in
[43:00] October with more details on
[43:02] this project before we
[43:06] spend any budget on it or
[43:08] anything I wanted to really get
[43:08] kind of bring it by you guys and
[43:11] and and get your perspective
[43:12] before we move forward.
[43:16] there any other questions or
[43:17] comments on this?
[43:22] No I think it's yeah, I'm I'm
[43:24] excited to get more information
[43:24] on it it seems seems exciting so
[43:26] thank you
[43:36] I will now pass it over to Lou
[43:38] Lou Cordova'm here
[43:42] Cordova Hi everyone
[43:44] Hi everyone it's good to see you
[43:46] again.
[43:50] we have taken a bipartisan
[43:52] approach to the new development
[43:54] contract we're still building a
[43:56] global energy park but with a
[43:58] security focus so we believe
[44:00] that energy and grid security is
[44:02] critically important and
[44:02] Colorado has a chance to
[44:04] leverage our labs and
[44:06] universities and take a leading
[44:08] role in this type of research
[44:10] and commercialization of
[44:12] innovative technology. So the
[44:14] first phase will be about 60,000
[44:16] square feet now 20,000 of that
[44:18] will be at the highest level of
[44:20] security it's called a skiff
[44:22] which is a sensitive
[44:24] compartmented information
[44:27] facility and the other40k will
[44:28] surround that most secure part
[44:32] with various levels of security
[44:34] additional phases are
[44:36] expected in future years based
[44:39] on demand and we're we're happy
[44:42] with this sort of much more
[44:44] focused approach on energy
[44:46] security we think it gives
[44:46] the local county
[44:48] a chance to absorb this first
[44:50] phase in terms of track traffic
[44:52] and economic stimulus
[44:56] and in 2026 we are working on
[44:58] tenant recruitment now the
[44:59] contract has been signed with
[44:59] Kapla
[45:04] uhvelopment and ryan struction
[45:06] that has built these kinds of
[45:06] secure facilities before
[45:10] and we will be moving to the
[45:12] location and extent process with
[45:14] Jefferson County shortly and
[45:16] that will involve continued
[45:17] community engagement
[45:22] that's it for now. Thank you
[45:22] Missorova Does the committee
[45:23] have any questions?
[45:28] kirk
[45:36] if you have any questions?
[45:36] Perfect. thank you. does
[45:38] committee have any questions on
[45:39] this update?
[45:44] had one more
[45:48] so I know you gave kind of a
[45:52] schedule or a amounts of time
[45:52] that certain project you know
[45:54] that projects take like general
[45:58] you know and years of work to
[46:00] get these projects done but
[46:02] going back to the golden range
[46:04] project where there are
[46:06] numbers of different phases and
[46:07] so
[46:11] are are you anticipating like
[46:14] one phase at a time is being
[46:16] built or potentially multiple
[46:18] phases are in different phases
[46:22] of construction like ongoing at
[46:23] the same time but staggered like
[46:26] I'm just curious like how long
[46:28] would you anticipate to build
[46:28] out all these phases of
[46:32] property you know residential
[46:34] housing thank you Mr Chair.
[46:38] yes there could be multiple
[46:40] phases being built at at
[46:42] once. it really depends on the
[46:44] competitive funding rounds
[46:46] and there's three separate
[46:48] developers working on it so some
[46:50] developers have two phases so
[46:52] they may not build both phases
[46:54] at once and then maybe one
[46:58] after the other but we expect
[46:58] from the time construction
[47:02] begins in 2028 that we would
[47:04] complete the final phase in
[47:05] about4 to7
[47:07] years depending on that
[47:07] financing.
[47:10] have one more weird question
[47:12] thank you Mr Chair.
[47:16] would any of this development
[47:20] that the P3 is doing with you
[47:20] know, developers who would be
[47:24] actually constructing the the
[47:24] projects
[47:28] are any of them gonna be wrapped
[47:29] up in metro district
[47:30] form
[47:32] kirk
[47:36] thank you Mr chair at this time
[47:38] there's there's not a plan to do
[47:42] that we we we've not gone
[47:44] that route yet and there's no
[47:46] plan in place. I can't say
[47:46] that that that won't happen for
[47:47] any of them if
[47:50] if we go to explore that for
[47:52] some infrastructure costs but at
[47:53] this time that is not the plan.
[47:56] madam vice chair I would just
[47:57] say that that would be
[48:02] a huge problem on these projects
[48:04] especially when we're looking at
[48:06] the AMI ranges that we're
[48:08] looking at, especially the ones
[48:10] that are 100% or lower
[48:14] it would be mort defying and
[48:16] devastating to the property
[48:16] owners
[48:20] to the point where they likely
[48:22] wouldn't be able to stay there
[48:22] long term
[48:24] it would be
[48:28] it would be a really poor life
[48:28] choice for us to move in that
[48:29] direction.
[48:30] just saying
[48:32] good to know
[48:38] so no further questions just
[48:40] really wanna give credit to you
[48:42] all I think that these updates
[48:44] are valuable and so kind of
[48:44] keeping this line of
[48:46] communication open with this
[48:48] committee a lot of credit to
[48:50] you and I think that helps as we
[48:52] get into session when things
[48:54] start getting busy that we're
[48:54] getting these updates
[48:56] periodically so that you know we
[48:58] know where the projects are and
[49:00] whatnot and I just think that
[49:02] helps out with the process a lot
[49:02] and so really appreciate you
[49:04] coming before us today and this
[49:05] information it seems like you
[49:06] got a couple
[49:08] pretty exciting projects on the
[49:10] horizon and I know I'm
[49:10] excited to to hear more about
[49:12] him but more importantly I
[49:14] think just for the work that
[49:16] we're doing as as a committee
[49:16] I appreciate you coming before
[49:18] us like this and and keeping
[49:20] this line of communication open
[49:21] so thank you.
[49:23] thank you thank you thank you
[49:26] Mrir and I just tack on similar
[49:28] comments I really appreciate the
[49:30] depth of detail that you're
[49:34] getting into and of course
[49:36] it's it's still sort of overview
[49:40] but it's enough to help us
[49:40] understand where projects are
[49:42] going and how they're developing
[49:43] and it's certainly
[49:48] more helpful than where we have
[49:49] been with previous projects
[49:49] where
[49:53] there were so many questions and
[49:54] I think in many cases we didn't
[49:56] know enough to even know what
[49:58] questions to ask but I
[50:00] appreciate the the level of
[50:02] detail that you're sharing it's
[50:03] super helpful
[50:08] thank you thank you thank you
[50:10] for being here members we do are
[50:12] going to do a staff update
[50:12] before we adjourn but I also
[50:14] want to make a couple of
[50:16] announcements one I wanna
[50:18] welcome Mr Armstrong to the
[50:19] capitalpital Developmentittee
[50:22] really excited to have you
[50:24] Mr Armstrong gonna missm Fong
[50:26] but but really excited to
[50:28] have you on the team working
[50:30] with us and so happy to serve.
[50:32] yeah thank you and members we
[50:33] also I want to before we get in
[50:35] the step update just want to
[50:36] welcome some guests that we have
[50:38] here with us from the state of
[50:40] Wyoming research and evaluation
[50:42] division we have the we have
[50:46] Matthew Petrie who heads up
[50:48] their division and then we
[50:50] have some research analystsierre
[50:52] Chesna, Libby Miles,
[50:56] Jesssechaffer regulatory impact
[50:58] and analysts corey Mccauliffe
[51:00] and Oliverwatson and so thank
[51:02] you for joining us today in
[51:03] our committee and hopefully
[51:03] we
[51:06] didn't scare you all away
[51:08] with our craziness here
[51:11] today or lack thereof so
[51:12] but welcome to Colorado and
[51:12] thank you for joining us Miss
[51:13] Forbes.
[51:16] thank you Mr Cha Nina Forbes
[51:18] legislative council staff you
[51:20] already gave part of the update
[51:22] I was going to give but just to
[51:24] reiterate Mr Fung has moved
[51:26] over to JBc staff so you'll
[51:28] still see him around but not in
[51:30] this particular committee
[51:32] yeah and John John Armstrong has
[51:34] joined us as our fiscal analyst
[51:36] on CdC staff and then also on
[51:38] the alls side we have two new
[51:40] folks there as well we have
[51:42] Stephhanie Shroub and then
[51:44] Richard Sweetman joining us
[51:44] for our
[51:48] all us CDc folks so yeah just
[51:48] excited to have this team
[51:50] together. Perfect. welcome thank
[51:52] you all for for joining us it's
[51:54] going to be an exciting year.
[51:56] any final comments or questions
[51:57] before we adjourn.
[52:00] seeing none that completes our
[52:02] committee in the
[52:02] capitalvelopmentittee is