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VOLUME 28, NUMBER 23 | Sept. 8 - Sept. 14, 2017 | 2.00 $
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A STAGE
Tourism setting records in the region
According to the Colorado Springs Convention & Visitors Bureau, visitors spent $2.25 billion in the Pikes Peak region in 2016. That equates to $71 being pumped into the local economy every second. Read more about the state of tourism in this edition's Focus.
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Photo by Bob Stephens
Cybersecurity compliance window closing fast N By Helen Robinson
o excuses after Dec. 31: Companies doing business with the Department of Defense must comply with NIST SP 800-171 or face losing their contracts. The National Institute of Standards and Technology Special Publication 800-171 is a set of 110 cybersecurity controls and reporting standards mandated by Defense Federal Acquisition Regulations System clause 225.2047012, which is now included in all DoD solicitations and contracts.
Its full name — “NIST SP 800-171, Protecting Controlled Unclassified Information in Nonfederal Information Systems and Organizations” — gives an idea of the aim, but not the size of the task. Small businesses in particular could struggle to meet the standards. Bob Reehoorn, COO of ISSAC Corp, a Springs-based advanced data analytics and engineering consulting firm with a staff of about 20, said the work required by NIST SP 800-171 is not trivial. “It presents immense fiscal challenges — because although I don’t have the amount of contracts and complexity of, say, a small business of 500 people, in
the end I have to meet the same requirements,” Reehoorn said. “Complying with federal cybersecurity standards is essential to the defense industrial base, and I’m fully in support of that, but we need help because instituting these baseline requirements as a condition of contract award is a real forcing function. We’re a fairly technical company; we deal in data every day, and even for us this is an onerous task. If you’re just a service provider, man — that’s tough.” Local startup Sudolynx Inc. is aiming to ease the burden on DoD contractors and subcontractors, launching a turnkey cybersecurity-as-a-service solution. 6
SMALL BIZ
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Open since in 1992, the downtown Colorado Springs boutique is still going strong.
Opinion: Hazlehurst.........................3 One-on-One: Walton (left)...............7 YP: Stu Davis...................................8 People on the Move.......................12 On the Horizon...............................13 By the Numbers ............................18 Governors' health plan................. 22
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EDITORIAL: LOCAL WAGES NEED TO CATCH UP
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TERRA VERDE
INSIDE
Sudolynx CEO Greg Roman said the LynxLocker integrated suite of tools will allow businesses to comply with all 110 controls quickly, for about a quarter of the cost of a do-it-yourself solution. “When we look at the cost and time and funds to meet those compliance standards, most small companies are going to have a very difficult time doing that. And some companies are actually considering not being able to do [DoD] business after 31 Dec. because they just don’t have the means to get there,” Roman said. See DoD page 17
2 Sept. 8 - Sept. 14, 2017
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Colorado Springs Business Journal
CSBJ.com Poll With the I-25/Cimarron interchange completed, what should be the next top priority for upgrading El Paso County's major thoroughfares?
Finish the north end of Powers, connecting to I-25.
53%
Extra lanes on U.S. 24 west from I-25 to Ute Pass.
32%
Extra lanes on I-25 south to Fountain.
8%
Widen Marksheffel Road to handle more north-south traffic.
7%
Go to CSBJ.com to vote on next week's poll:
Do you think the governors' health plan addresses concerns about affordability in the health insurance market? See past results at csbj.com/democracy-archives
Managing Growth This icon will appear alongside stories covering regional growth in 2017. csbj.com/2017/01/06/2017-time-toplan-for-growth/
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Low wages are causing economic lag The issue: Wages in El Paso County track lower than counterparts across the state and the nation. What we think: In order to grow their companies, create jobs and help sustain our economic growth, business owners need to increase wages. Tell us what you think: Send us an email at editorial@csbj.com.
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l Paso County businesses are facing a dilemma that comes from a robust economy with specialized jobs — not enough talent in the pipeline to fill current, much less future, needs. Currently, there are 12,689 job openings in the Springs, but only 8,304 people looking for work, according to statistics gathered from the UCCS Economic Forum. And that sounds like a good thing, right? But the challenge is more complex than just training workers for the available jobs. Trade and technical schools, colleges and universities are shifting curriculum to better match employer needs. The Pikes Peak Workforce Center offers classes to help; and the Mt. Carmel Center is on board, working to ensure that transitioning veterans have the right skill sets and training for civilian jobs. At this point it’s low wages, not lack of worker education, that’s hurting us the most, with county salaries far below state and national averages. Well-educated and well-trained workers can find jobs elsewhere that pay much better. The issue is compounded by higher housing costs and rising rents in other parts of the state — meaning people are moving here and commuting to Denver, a trend that is causing a corresponding hike in housing costs in the Springs. And although many workers are attracted to our mountain vistas and outdoor lifestyle, they can’t eat scenery.
If wages remain stagnant, the city won’t be able to compete for workers. It’s already started to affect new job growth. In 2015, new jobs grew by 48 percent, but there was only a slight increase in 2016 despite the number of job postings — and economists tie the slowdown in new jobs to stagnant wages. “It will certainly be difficult for us to continue to lure people back into the labor force if our wages are not at least at par with U.S. averages,” said Tatiana Bailey, director of the Economic Forum in a June issue of the Colorado Springs Business Journal. “For the vast majority of industries, El Paso County wages lag behind Colorado and U.S. wages, and it is now evident that the wage discrepancies are likely hindering business growth via the low supply of labor." Look at the stats: In fields like construction, El Paso County wages are 12.8 percent lower than in the rest of the United States and 10.8 percent lower than in the rest of the state. In manufacturing, wages are 10.9 percent lower than the state’s and 8.9 percent lower than the national average. And educator pay is 5 percent lower than the state average and 24 percent lower than the national average. It isn’t a lack of education or a lack of jobs. Education levels are above the national average; employers are looking for workers. But the region’s wages have failed to keep pace with the current employment reality, and that leads to a less competitive economy. This is one of those issues that can only be solved by individual CEOs and business owners. If they can’t find the workers they need with the right skill set, maybe they should take a look at their pay structure, compare it to Denver’s wages or Fort Collins’ or Boulder’s. If businesses cannot grow here, then the economy won’t grow either — stagnant wages will hold us back. CSBJ n
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Colorado Springs Business Journal
Sept. 8 - Sept. 14, 2017
3
OPINION: HAZLEHURST
Don’t stop thinking about tomorrow
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ccording to urban theorist Richard Florida, once-aspirational cities such as Seattle, Portland and Denver are yesterday’s news, struggling with their own success. In a recent New York Times oped entitled “The Urban Revival Is Over,” Florida argues that big cities have become bizarrely expensive, that infrastructure is decaying, HAZLEHURST crime is increasing and young Millennials would rather live in the suburbs. Thanks for your insights Richard, but we already knew that. We’ve seen refugees from Denver, Chicago and New York land here in the Pikes Peak region for years. We’ve seen the trend accelerate since the end of the last recession. We’ve figured out that the creative future of America lies with mid-sized cities such as our own; with Columbus, Ohio; Omaha, Neb.; Albuquerque, N.M.; Cheyenne, Wyo.; Fort Collins and Pueblo. Some time ago, we suffered from “Denver envy,” (or at least I did), comparing the enlightened, business friendly liberalism of our northern neighbor to our own stodgy conservatism. Denver built massive infrastructure while we squabbled. Denver built Denver International Airport, a convention center, transformed the dreary wasteland of the Central Platte Valley into a vibrant urban neighborhood, created a 122-mile light rail network, built stadia for NFL and MLB teams, renovated Union Station — it’s a very long list.
John
And Colorado Springs? We let Douglas Bruce, our favorite felonious taxophobe, shape public policy for 25 years. We accomplished little — we couldn’t even patch our potholed streets. If you were young, smart and ambitious, you left Colorado Springs and sought fame and fortune elsewhere — San Francisco, Los Angeles, New York. A few years ago, attending a friend’s birthday party in San Francisco, I fell into conversation with a young entrepreneur, a successful startup investor. She asked me what I did. “I’m a reporter in Colorado Springs,” I replied. “I was born there, left for 20 years and then came back.” “Oh,” she said sympathetically, “You kind of gave up, didn’t you? I’ve been tempted to do that too.” As the old song didn’t go, “If you can’t make it in New York/You can sure make it in Colorado Springs.” But as Florida points out, the wind is at our back. “[Millennials] want to live in detached suburban homes, or in an apartment with enough square footage and access to outdoor space that it feels like one,” he wrote on Sept 1. “Two-thirds of people born since 1997, including those who live in cities, want to live in single-family suburban homes, according to a 2015 survey, but the costs make this aspiration prohibitively expensive in most urban centers.” Diving a little deeper into the data, it appears that Millennial family formation in Colorado Springs may disproportionately occur in close-in neighborhoods such as Roswell, Stratton Meadows, the West Side and Audubon. They’re close to downtown, reasonably affordable and built to be family-friendly. City policymakers ought to emphasize public safety
in crime-plagued southeast neighborhoods, support and fund revitalization of North Nevada and South Academy, and work to reduce tax and regulatory burdens on developers and renovators in older suburbs and neighborhoods. Many current residents of these neighborhoods are aging in place, or soon will be. They’re not going anywhere — and city policies will have to anticipate the needs of mixed-age neighborhoods. And let’s focus on long-term projects. Denver had a great 40-year run because residents and elected officials took Fleetwood Mac’s advice — they didn’t stop thinking about tomorrow. We’ve done just the opposite, but we’re still in the game. What about proactive transportation plans that anticipate driverless cars and local/intercity rail? After 20 years, it may finally be the time for a publicly funded Scientific and Cultural Facilities District, for the Ring the Peak trail, for better bikeways and for the new Pikes Peak Summit House. It’s long past time to close and demolish the downtown Drake power plant and finish transforming our waterways from drainage ditches to living streams. Can Colorado Springs blow this opportunity, as we’ve blown so many others? We have competent elected officials, strong business leadership, filled potholes and Pikes Peak — location, location, location! But unless we act intelligently today, tomorrow’s growth and prosperity will bring us congestion, sky-high housing prices, isolated and impoverished old folks, increased crime and homelessness and, worst of all, bad national publicity. CSBJ n
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Colorado Springs Business Journal
Internet of Things getting attention it deserves By Helen Robinson
C
yber and the Internet of Things are one and the same, and it’s time for information security professionals to tackle the realities of a connected world head-on, according to Maj. Gen. USAF (Ret.) Dale Meyerrose, president of the Colorado Springs-based MeyerRose Group. Meyerrose delivered a keynote address to more than 400 attendees at the 7th Annual Cybersecurity Training & Technology Forum, held Aug. 30-31 at the DoubleTree by Hilton in Colorado Springs. Forbes describes IoT as the concept of basically connecting any device with an on/off switch to the internet (and/or to each other). Cell phones, refrigerators, cars, lights, even implanted medical devices and machine components like jet engines can be part of this giant network of connected things. IoT has only entered the mainstream consciousness over the past few years, but Meyerrose said it’s so all-encompassing that information security professionals need to stop treating it differently than other cybersecurity problems. “The Internet of Things is a big topic; we all talk about it like we need garlic and silver bullets and crosses to fend it off,” he said. “[But] it’s called our industry and our business. IoT is what we do.” Few people realize how software-defined our world is, Meyerrose said. “I found it astounding that something
as space-age as the [1970s] space shuttle had only 400,000 lines of software code. The Subaru I just bought has 115 million lines of code,” he said. For perspective on how pervasive IoT has become, Meyerrose pointed to the fact that a 40-row corn planter has 1,000 sensors, and more than 60 percent of U.S. manufacturing companies already employ IoT technology. “I’m here to tell you I don’t think IoT’s any different to any other cybersecurity problem. It’s time for us to stop wringing our hands about IoT and start doing something about it,” he said. Meyerrose said that — to his surprise — his decades-old dictionary included a definition of IoT as a network of objects connected by an IP address. “That Merriam-Webster dictionary’s dated 1992. Why is it we’ve only been talking about IoT in our business the last three or four years?” he said. “This is about how we look at our challenge.” The world already has about 20 billion connected devices — three connected devices for every person on the planet — and Meyerrose predicted that number will double within the next two years. “It’s time we got in front of the curve with regard to IoT,” he said. “Draw the line and worry about the next billion connections; not the last.” Meyerrose said he wants to offer ways to think about IoT “that may make it seem a bit more tangible to us; hopefully
• Create an IoT strategy that focuses give us some ‘Aha’ moments to help us on change leadership/management; address it.” • Eliminate dispersed, incremental deIS professionals should learn to look cision-making; take a holistic approach at nodes, inputs, outputs and end devicwith the end state in mind; es differently, and avoid the tendency • Create and enforce workable stanto “get locked into thinking about the dards and frameworks; domain,” he said. • Link contracting with program acHe quoted U.S. Strategic Command countability; and leader Gen. John Hyten’s Aug. 8 speech • Measure and analyze the right to the Space and Missile Defense things — activity versus outcomes. Symposium: “There’s no such thing as “We, by ourselves, cannot fix any cya war in space; there’s just war. There’s bersecurity problem. It takes all kinds of no such thing as a war in cyber; there’s skills and members of the team,” he said. just war. We have to figure out how to “We’ve all got to understand where the defeat our adversaries, not to defeat the other parties [in the ordomains where they ganization] are coming operate.” from, so that we become Pointing to images on more effective. ... We’ve the screen, Meyerrose got to be more proactive said: “That’s a navy in understanding what destroyer shooting all those different roles are, its guns at once; that’s — Dale Meyerrose and become the catalyst a Coast Guard cutter; for being somebody this is the result of prewho is focused on the cision-guided weapons success and outcome, because guess courtesy of our United States Air Force; who gets blamed when somebody gets this is the satellite constellation. Those hacked. It’s the cybersecurity people — aren’t domains. Those are battlefield you obviously failed at your job.” effects — outcomes.” Hosted by Information Systems Another vital shift in perspective: IS Security Association — Colorado professionals should be focusing at least Springs Chapter and FBC, Inc., CSTTF as much on helping their organizations explores cyber resilience, collaboration, achieve project outcomes and success, threat intelligence, information sharand “not only reacting to what might ing, workforce development and risk go wrong.” management through in-depth sessions Meyerrose finished with a list of “concepts to make IoT work right:” and panel discussions. CSBJ
“It’s time for us to stop wringing our hands about IoT.”
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Colorado Springs Business Journal
Sept. 8 - Sept. 14, 2017
5
Student loan debt curbs buying power By Bob Stephens
W
hen Millennials learn their student loan debt may keep them from achieving their dream of buying a home, they often react the same way. “I’ve seen those faces in my office,” said Brian Slivka, the managing broker of RE/MAX Properties’ downtown office in Colorado Springs. “I see disappointment, maybe a little bit of shock.” About 44 million Americans have student loan debt, averaging about $32,000 for a total of about $1.4 trillion. The average payment for student loan debt is $393 a month, according to a report issued in May by the Federal Reserve System. That kind of debt can significantly affect credit ratings and a person’s financial future. “Student loan debt limits their purchasing power,” said Slivka, who has been a Realtor for 15 years. “We talk to a lot of [Millennials] and probably half of them end up thinking that buying a home isn’t going to happen for them in the near future. They know they need to pay down debt or get a raise at their jobs to improve their debt-to-income ratio.” Still, he keeps seeing young adults come in the office hoping to buy a home. “They’re not afraid of that debt until they hear their lender tell them their ratios need to come down,” Slivka said. “That student loan debt isn’t stopping their interest in buying, but it’s stopping their purchasing power. When debt-to-income ratio comes up, they just don’t qualify for what they thought they might. They can’t do the $250,000 house; they have to do the $190,000 [house] and that’s difficult to find in Colorado Springs.” Ent Credit Union Executive Vice President of Lending and Finance Bill Vogeney said the number of young adults buying homes has decreased in recent years. “Since 2000 the percentage of people under 35 years
MILLENNIALS' DISCRETIONARY SPENDING ONCE YOU HAVE COVERED YOUR ESSENTIAL LIVING EXPENSES, WHICH OF THE FOLLOWING STATEMENTS BEST DESCRIBES WHAT YOU DO WITH YOUR SPARE CASH? 42%
PUTTING INTO SAVINGS 35%
NEW CLOTHES 26%
PAYING OFF DEBT/CREDIT CARDS/LOANS 24%
HOLIDAYS/VACATIONS I HAVE NO SPARE CASH
23%
NEW TECHNOLOGY PRODUCTS
23% 21%
OUT-OF-HOME ENTERTAINMENT HOME IMPROVEMENT/DECORATING
16%
RETIREMENT FUND
11%
INVESTING IN STOCK/MUTUAL FUNDS
11% Source: ACNielsen
old [buying a home] has fallen from 41 percent to 34 percent,” Vogeney said. Why is that? “It’s the student loan debt,” Vogeney said. “It’s got to have an impact on their buying power.” He said a potential homebuyer saddled by the average student loan debt of about $32,000 will generally find themselves looking at a less-expensive house or being priced out of the market altogether. Slivka said with the price point for a home nearing $300,000 in the Springs, most Millennials are
finding it a “rough market.” “A lot of younger folks don’t have money down,” he said. “They’re trying to go in with an FHA [Federal Housing Administration] mortgage — because their credit [rating] is lower or they need a lower down payment — and that makes it hard to compete with a conventional buyer who doesn’t have that student loan debt. It’s deferring the time when they can purchase a home from their 20s to their 30s for most of them.” See Power page 19
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6035 HEALTHY LIFESTYLES:
C H A N G I N G AT T I T U D E S AT A LT I T U D E
Sept. 14
11 am - 2 pm Norris-Penrose Event Center
Put on your workout clothes and join the CSBJ as we celebrate the healthiest companies in Southern Colorado! Frank Serratore, hockey coach at Air Force Academy, will be the keynote speaker. Come early and stay late for interactive fun at the Health Expo — and during lunch, learn which companies are creating the best workplaces for health and wellness.
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Colorado Springs Business Journal
Sept. 8 - Sept. 14, 2017
7
ONE-ON-ONE
Keeping the faith in business By Bob Stephens
B
ill Walton, who grew up on a large ranch south of Walsenburg, has always been interested in business. After attending seminary, he became a small-town youth pastor but also followed his entrepreneurial ambitions. Walton started his first business at 23, the year he got out of college. He’s now CEO of Accelerated Wealth, a growing company in northern Colorado Springs that has offices around the country. Faith plays a big part in the life Walton shares with his wife, Nathalie, and their three children: Mikey, 16, Alec, 12, and Juliette, 10. He spoke with the Business Journal about his journey from the ranch to his office and how his responsibilities have changed as the company has grown. How did Accelerated Wealth begin? I started the company in 2007 as Walton Financial and about a year and a half later we incorporated under the name Accelerated Wealth. We started here with a local office; there were two of us and we had one staff and it’s grown now to 16 offices in six states, and about 20 employees here in the Springs office. We’re not looking to mass-produce across the country. We like to work with really good people and so our growth has been very organic and relational. Our heart is to really serve the community we’re in. Why is there a plaque of Deuteronomy 28 in the office? That set of verses really framed for me the mindset of how you do business. Deuteronomy 28 is the explanation of the blessing of God. … The word bless or blessing means to have power to prosper. So those verses explain God’s desire to bless us. … That plaque is in all of our offices. It’s something that’s foundational for us as a company. That plaque is very meaningful to me personally as well as the cornerstone of Accelerated Wealth. Where are your other offices, and what is your responsibility to those? The national office is here in Colorado Springs and we’re also in Missouri, Michigan, Florida, Kentucky and Alabama. Accelerated Wealth is the mother company, if you will, and it’s the name we market under. Accelerated Wealth Advisors is the registered investment adviser. We do have compliance and oversight that is our responsibility. They’ll sign an affiliate agreement and have access to our name — it’s very similar to a franchise — and our product line, our methodology of planning. What I really love about it is on an individual basis they own their own practice. Entrepreneurship is just a passion of mine. Where are you from? I was born in Walsenburg and grew up east of Aguilar — about halfway between Walsenburg and Trinidad — on a ranch that was about 100,000 acres. We ran about 10,000 cattle and grew the hay for them, so it was a ranch and a farm. I have six brothers and we were the ranch hands. I cannot say enough about my parents, Jack and Patricia Walton, and the foundation they gave us, a foundation of faith and hard work and family — the key underpinnings to help you grow up to succeed in life. What are your day-to-day duties and how has that changed over the years? As we’ve grown nationally, my role has definitely changed. When we started out, 99 percent of my time and efforts were individually with clients. Now my time is more focused on national growth. I’m still working day-to-day with my clients but also have a percentage of time that is spent driving the vision of the company. I’ve kind of got this dual thing and I enjoy it because it allows me to lead from the front. I’m not just in a role of telling people how to do it; I do it day-to-day. So I’m in the mix with all the advisers, and I really enjoy that. We have such a wonderful team and we have three other advisers who are just top-notch. What leadership lessons could you provide for other businesses? Leadership is something I’ve focused on since I graduated from college. … A leader must have a winning attitude. A leader must look at the obstacles that come at you on a day-to-day basis, making the profit and loss work, and the hiring and firing and all the things that come with business. Business leaders have so many pressures and obstacles that can come their way. Everybody has challenges; a victor will find a way to win. The cornerstone goes back to Deuteronomy 28. I start my day with speaking Deuteronomy 28 and it talks of how the Lord gives you power to win in life. And you end the day with that. As a leader, your attitude will determine the direction of your company. What else do you want people to know about you? My childhood being raised as a cowboy and a farmer; it’s a very important piece to me. We were back there last week when I took some of our team and we went horseback riding on the ranch. It was so neat to be out there. I love to spend my time challenging myself, working out in the gym. Part of it is if I didn’t do that I’d grow pretty large. It’s a very good stress reliever. I enjoy my time in the gym where I compete against myself. CSBJ n
BILL WALTON As a leader, your attitude will determine the direction of your company.”
Photo by Bob Stephens
8 Sept. 8 - Sept. 14, 2017
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Colorado Springs Business Journal
YOUNG PROFESSIONAL
Davis comes to the rescue in Springs By Bryan Grossman
W
hile working as a youth pastor at Woodmen Valley Chapel in Colorado Springs, Stu Davis took the young members of his church overseas to work in impoverished communities. One long-running partnership was with a community in Swaziland, located in southern Africa, which is grappling with one of the highest HIV rates on earth. “We did community development work in this very destitute part of the country,” Davis said. “That really kind of pricked my heart for poverty. I started learning more about poverty alleviation and community development and figured out dumping a bunch of money into the problem doesn’t help. It’s developing relationships, trust-building and listening to people’s dreams for their own community and helping to make that happen. That’s universal.” Davis, now community relations director at the Springs Rescue Mission, spoke with the Business Journal this week about what’s happening at the mission, the return-on-investment of helping those in need and creating opportunity for all. What do you do at Springs Rescue Mission? I’m the partnerships guy. Some is working with individual donors, but a lot is working with churches, businesses and supporting organizations. We’re working with a lot of for-profits and nonprofits that have a supportive role. I work with volunteers, financial donations, donation drives. Coming into this time of year, when it’s getting colder and the holidays are coming, there are lots of businesses doing coat drives and employee donation drives — lots of things to support the mission. I’d say I spend 60 to 70 percent of my time in the community trying to build partnerships.
What’s happening on campus? We’ve grown a lot. I’ve been here just under three years and I came on just as we were building momentum for our campus expansion. We’ve gone from sheltering 65 a night in the winter of 2015-16 to now having two year-round shelters that allow us to shelter 280 in the summer, and in the winter, 350 or more. We’re still expanding, with plans for a new dining hall, which is still a couple months away from breaking ground. … We really need a central location for meal services, particularly for our chronic homeless population. Our current dining hall can squeeze 65 at a time. But we’ll have 400 lining up out the door for dinner tonight. But we just opened our third new building in nine months. What’s in the building? Offices for about a dozen partner agencies. These are organizations we work with that have their own funding models, resources and programs, but instead of being spread all over parts of the community, we bring those resources to our campus. How much funding is needed for the whole expansion? We started our campaign with a $13.8 million target. Now we need a little over $15 million because we had lots of water issues when we first started. We have a water table 30 inches below the surface of our parking lot. Any time we punched a hole in the ground, there was water everywhere. We’re looking for about $15 million and we have just over $11 million in revenue or commitments. What does poverty look like here? There is a large hidden population — families that are struggling but maybe not identified as homeless.
We get data through a Point-in-Time survey, which is an annual census across the country administered by [the U.S. Department of Housing and Urban Development] to look at the domestic homeless population. It’s a sketch of what we know about homelessness. Seventy percent of the local homeless population’s last-known address was in El Paso County, and 80 percent were living in Colorado. That’s contrary to popular opinion. … Twenty-six percent of El Paso County is living at or below the federal poverty line. That means 90,000 people are struggling to make ends meet. What’s the return-on-investment supporting the mission? The average chronic homeless individual will cost the community somewhere between $50,000 and $60,000 a year. That’s emergency response, criminal prosecution, incarceration, medical care — all those things. That same individual here will cost $4,000 to $7,000 a year. Talk about saving 90 percent per individual. Also having the ability to direct guests to a variety of services in one location keeps them from having to travel all over downtown. That means easier pedestrian access for the downtown population, which creates a more friendly business environment and more opportunities for people to get back on their feet. I’d say it’s a pretty hard value proposition to turn down. CSBJ n
Photo by Bryan Grossman
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Colorado Springs Business Journal
Sept. 8 - Sept. 14, 2017
9
Construction worker shortage hits the Springs hard Schommer said. “We would like to see a little more growth in the company, but that’s not going to happen due to the fact that we don’t have enough qualified people to pull in here.” Schommer currently employs 100 workers, but would like to be at 150. “Fifty percent [of our employees] are well versed in the trades — the rest we’re pulling along with us and using as more of labor force rather than someone that’s a qualified carpenter or journeyman in the trade,” Schommer said. In the past two years, Schommer said his company secured about $11 million per year in construction contracts, a decrease from about $14 million per year in previous years.
By Audrey Jensen
A
new report issued by the Associated General Contractors of America and Autodesk revealed 85 percent of 53 participating construction firms in Colorado find it difficult to hire hourly craft positions such as carpenters, concrete workers and electricians. It’s become a national issue — but is affecting local construction companies as well. The report said 77 percent of construction companies nationwide have a hard time filling hourly craft positions. If Colorado's economic growth continues over the next six years, the state will need an additional 30,000 construction workers by 2023, according to Bryan Cook, chapter operations director for the Associated General Contractors of Colorado. A total of 190,000 workers will be needed during that timeframe. “We have to be one of the [most impacted states], as far as how crucial this issue is, and everyone kind of has to come together as an industry to recruit our future,” Cook said. Colorado’s need is greater than in the rest of the nation because of the influx of people moving to the state, he said. “In the last couple years we’ve averaged a little over 80,000 people moving into the state where other parts of the country are seeing an outflux of folks,” Cook said. According to Chuck Murphy, owner of Murphy Constructors of Colorado Springs, some types of qualified workers — such as carpenters — are difficult to find. Most of his employees have been working for the company for more than 20 years, and are nearing retirement. The ones who are younger tend to leave for college or other higher-paying positions, he said.
File photo
A lack of labor has driven up construction costs and deadlines.
The lack of labor adds up — it takes 20 percent longer to finish a job, Murphy said. “We can’t be as demanding on subcontractors because it’s harder for the subcontractors to perform because they’re in such demand,” Murphy said. “It’s hard to meet the timeline. We were able to do things more timely in the past because there was an abundant supply of material. There was also an abundant supply of workers and now we don’t have that. It’s frustrating for us as contractors and also frustrating for the clients.” Although the number of projects has slowed, Murphy said his company is still able to consistently bring in $10 million in projects each year. Howie Schommer, owner of Schommer Construction, a drywall subcontractor for commercial projects, said he limits the projects he works on because labor is hard to find — and that limits the company’s growth. “We end up having to not bid larger projects,”
IN-HOUSE TRAINING AND OVERTIME There’s another issue stemming from the labor shortage: overtime hours and more on-the-job training. Flexible work hours has been one remedy to the workforce issue, Murphy said. “We do a bunch of work in-house, so we can maintain the schedule,” he said. “So we do a lot of our own carpentry and we do our own painting and we do our own demolition — we do a lot of stuff internally. You have to have people who are flexible. … We just want to get [the job] done so we can go on to the next job and keep people happy.” Schommer’s workforce gap means some workers take on two shifts in a single day. “What we have done to mitigate that is we are working a lot of overtime, which the guys seem to enjoy — but it also creates a certain amount of burnout,” Schommer said. “When you ask them to work evenings and weekends all the time, we try to limit that the best we can but still try to keep customers' best interests in mind.” CSBJ n
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Colorado Springs Business Journal
PAID ADVERTISEMENT
COLORADO SPRINGS
CONVENTION & VISITORS BUREAU WE BRING MORE PEOPLE TO COLORADO SPRINGS AT PIKES PEAK
THE 2016
More than 23 million visitors
Visitors spent $2.25 billion
Visitors spent $71 per second
Average 3.2 people per travel party
RECORD VISITATION
TOP 5 ACTIVITIES
The Colorado Springs Convention & Visitors Bureau is the premier marketing organization for the region with a mission to “bring more visitors to Colorado Springs at Pikes Peak.” Visitors contribute to our economy with the money they spend, the jobs they create and the taxes they pay.
39%
SHOPPING
29%
STATE PARKS
25%
HIKING/BACKPACKING
24%
LANDMARKS/HISTORIC SITES
22%
FINE DINING
According to the most recent Longwoods study, an annual survey of how Americans travel, 23 million people visited El Paso, Teller and Fremont Counties in 2016, up 12 percent over 2015. Since 2012, visitation to Colorado Springs has grown 32 percent, while travel nationwide has increased only 9 percent.
TOP 5 STATE MARKETS
MODE OF TRANSPORTATION
1
COLORADO
2
CALIFORNIA
3
TEXAS
4
NEW YORK
5
FLORIDA
DAY VS NIGHT VISITORS
61% BY CAR
10 million overnight visitors
34% BY PLANE 45% OTHER
13 million day visitors
Visitors boosted our economy with increased spending. In 2015, day and overnight visitors spent a record $1.976 billion in the region. That figure increased 14 percent in 2016 to $2.252 billion. The percent of people who took a “marketable” trip increased to 50 percent in 2016, compared to 43 percent in 2015. A marketable trip is one in which the visitor was not obligated to visit friends or family, but rather had a choice of the destination visited. “This data tells us that the advertising, communications and sales efforts of the CVB are reaching our target audiences and effectively highlighting Colorado Springs and the Pikes Peak region as a great destination for a vacation, meeting, event or tour,” said Doug Price, CVB President & CEO. For more information, go to VisitCOS.com/tourism-pays
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Colorado Springs Business Journal
Sept. 8 - Sept. 14, 2017
11
SMALL BUSINESS
Terra Verde Established: 1992 Employees: Up to 30 Location: 208 N. Tejon St. Contact: terraverdestyle.com; 719-444-8621
Photo by Bryan Grossman
Chris Sondermann, a native New Yorker and owner of Terra Verde on North Tejon Street, is celebrating 25 years in business this week.
Terra Verde celebrates 25 years By Bryan Grossman
S
ome statistics show as many as 80 percent of new businesses don’t live to see their first birthday. So it’s no small feat that Terra Verde celebrated a quarter-century of existence this week. Founded in 1992 by Chris Sondermann with then-husband Gary, Terre Verde was the couple’s second foray into retail. Shortly following a move to Colorado Springs in 1980, the Sondermanns opened La Vicuña, a South American import company with a retail and wholesale component, in 300 square feet of space on Bijou Street downtown. “I’ve worked on this block all those years except a brief sabbatical,” Sondermann said. In need of more room, La Vicuña moved west on Bijou and began incorporating more variety. The Sondermanns sold the business in 1992 and traveled the globe. “We’d thought of all these businesses we’d like to do as our next adventure,” she said. “We had come back from traveling, were downtown around the holidays and kept running into old customers who said, ‘You know, you guys should open up another store.’ “It was that time that made us decide we’d like to open another business downtown.”
‘A GUT INSTINCT’ “We’re a destination boutique,” is how Sondermann explains her business today. “We’re a business based on long-term relationships and personalized service — and clothing is the engine.” But Terre Verde goes beyond clothing. It also offers accessories, jewelry, bath and body products, home décor, a kids department and books. “We change things frequently,” Sondermann said. “We want it to be a discovery experience as you walk through the store. Every time you come in it will look a little different.” To stay vibrant, she has had to continually evolve, she said. “The mix has changed. We used to have crafts, pot-
tery, wood items that were hand-carved by American craftsmen,” she said. “We also had an imported furniture component, then domestic. We’re constantly changing our mix to keep things interesting.” And who decides the mix? “The customers decide for us,” Sondermann said. “We’re a mom-and-pop, but we track our numbers really well and follow trends. “When [the] Chinook [bookstore] closed in 2004, we were told by people that they missed books downtown, so we incorporated books here,” she said. “We base those on customer interest, so we have a big cookbook section and a kids book section and inspirational books. “Our computer verifies a lot of this,” she said, “but there is a gut instinct in purchasing inventory.”
‘DON’T WHINE’ Having been around the block, Sondermann has experienced the undulations of the economy, both locally and nationally. “My general business philosophy is, ‘Don’t whine about what you can’t change.’ Focus on what you can do as a business and don’t complain you’re down because it’s raining,” she said. “There will always be rain and economic downturns. Focus on factors you can influence.” Like a significant number of businesses large and small, Terre Verde underwent challenging times during the last recession — but Sondermann adapted. “We stopped carrying furniture. It had the lowest margin and highest maintenance cost and freight was an issue,” she said. “The freight is a lot lower if you’re a big furniture store ordering in volume, but not when you’re getting bits and pieces.”
‘EBBS AND FLOWS’ In addition to owning the store, Sondermann also owns the building that houses Terre Verde, as well as two adjacent units — Title Nine, a women’s athletic apparel retailer, and the brand-new Martinez Imports, which focuses on gifts and décor from Mexico. Those shops join an energy downtown that hasn’t been seen in some time, Sondermann said. “Downtown has its ebbs and flows, but I love down-
town. I have a real affinity for it,” she said. “I have enormous respect for the restaurant and business owners down here. They’re a very hard-working group of people. I see their cars out there early and late.” She said the independent businesses with a sprinkling of “really good corporate entities in the mix” makes for an inclusive retail environment. “I see Colorado Springs growing up in terms of its character as a city. Downtown is becoming more dense, including residential,” she said. “It’s more sophisticated when it comes to dining. There’s more variety in terms of places to socialize. Now it seems to be taking off. It has hit levels in its demographics and density of population that it’s becoming more like a big city.”
‘BE VIGILANT’ Sondermann said relationships are so important to her business model, she eschews the online shopping model. “You can call and order something, but we don’t have an ecommerce component,” she said. “We’re entirely built on a brick-and-mortar model. Online is a whole other business, and we really try to focus on Terra Verde and do Terra Verde well.” Sondermann said she’s researched the ecommerce component, and the logistics are a hindrance. “I think it would be an inventory nightmare,” she said. “The model for online apparel is, [a customer orders] a bunch of stuff to try on at home. The return rate I investigated can be as high as 58 percent. “For an independent business like us, that would be an inventory nightmare.” Sondermann said her model has been tweaked numerous times over the years, and despite being in business a quarter-century, she’s constantly learning. “People think if you’re around 25 years, you don’t have to think about it anymore — you really have the formula down. “I can’t say that at all,” Sondermann said. “Sometimes I think, ‘Why is this so hard after all this time?’ “You have to constantly be analyzing and reinventing yourself,” she said. “And be vigilant about your business.” CSBJ n
12 Sept. 8 - Sept. 14, 2017
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Colorado Springs Business Journal
KUDOS
Submit items for Kudos, Business Briefs or People on the Move to editorial@csbj.com.
Compiled by Bob Stephens
BROADMOOR’S KELBEL IS HONORED Presents
A NIGHT OF EXCELLENCE 23rd Annual BBB Excellence Awards Gala ®
Join us as we honor businesses in the community committed to exemplary customer service and award scholarships and fellowships to students who display excellence in education.
BBB EXCELLENCE AWARDS
2017
September 28, 2017 5:30-9:30 PM City Auditorium
Experience magic and glamour as the City Auditorium is transformed back to the Golden Age of Hollywood.
Mark Kelbel, head professional at the Broadmoor Golf Club, has been named the 2017 Colorado PGA Golf Professional of the Year, which recognizes overall performance including leadership, service and promotion of the game of golf. Kelbel has helped 36 assistants become head professionals and has sponsored more than 300 Professional Golf Management program interns at The Broadmoor. He has served on the boards of the Southern Colorado Ronald McDonald House and Parents Challenge. He also created his own charity, Hemisphere Charities, which donates shoes to children who would otherwise not have access to them. Kelbel is active in the section’s efforts to grow the game of golf by being involved with programs for young people like The First Tee of Pikes Peak, the USCO FLAME (Finding Leaders Among Minorities Everywhere) and the PGA Colorado Section Golf in Schools Program. He also offers military wounded warriors free golf instruction.
JKC DESIGN CELEBRATES 10 YEARS JKC Design, a Colorado Springs-based kitchen and bath remodeling company, is celebrating its 10-year anniversary. Launched in 2008, JKC began as a cabinet company but has grown into a complete remodeling solution for homeowners looking for a contemporary look. JKC has always been a woman-owned company, and military veteran Janell Bartlett took over as owner and operator in 2015.
PEOPLE ON THE MOVE
Kyle Hamman
New Director of Ticketing The Broadmoor World Arena
Denise Abbott
New Director of Sales, Marketing & Promotions The Broadmoor World Arena
Mike Pasquarella
New Event Services Coordinator The Broadmoor World Arena
Bekka Michaels
New Event Services Coordinator The Broadmoor World Arena/Pikes Peak Center
Strike a pose for the flashing cameras on the red carpet wearing your best vintage Hollywood attire! Enjoy a full-course dinner catered by social impact businesses followed by the BBB Excellence Awards ceremony. Sponsored By
Kayla Maldonado
New Marketing Manager – Sponsorships The Broadmoor World Arena
Courtney Caton
New Marketing Intern The Broadmoor World Arena
Tiffiny Pieper
New Executive Director Diakonia
BUSINESS BRIEFS GRIFFIS/BLESSING ADDS TO PORTFOLIO Seagate Colorado Partners has selected Griffis/Blessing Inc. as the property manager for their newest acquisition, Northtowne Summit Apartments, in Reno, Nev. It is Griffis/Blessing’s seventh collaboration with Seagate Colorado Partners. Regional Portfolio Manager Scott Kirkwood is adding the assignment to his portfolio while Amy Tucker will take over as property manager. Headquartered in Colorado Springs with additional offices in Denver, Griffis/Blessing currently manages more than 4.3 million square feet of commercial space, and more than 9,100 apartments.
Support local business news A NIGHT OF EXCELLENCE
For more information and to purchase tickets, visit bbbsc.org.
Subscribe to the CSBJ for only $1.71 each week for the best home-grown business news.
Call 634-5905 or visit CSBJ.com
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Colorado Springs Business Journal
Sept. 8 - Sept. 14, 2017
13
ON THE HORIZON Compiled by Amy G. Sweet
Business Development
Submit items for On the Horizon to events@csbj.com.
Networking Events
Regional Events
Monday, Sept. 11
Saturday, Sept. 9
Friday, Sept. 8
PPLD: Minding Your Business
HBA: Car Show
Fountain: Breakfast
The Housing & Building Association of Colorado Springs hosts its classic car show to raise money for its Political Action Committee, 5-7 p.m., George Hess’ Car Bar, 12155 Spine Creek Place. Go to cshba.org to register.
Join the Fountain Valley Chamber of Commerce for breakfast, 7 a.m., Sarges’ Grill, 6436 Highway 85. Register at fountainvalleychamber.com.
Tuesday, Sept. 12
Tuesday, Sept. 12
Tri-Lakes: Bookkeeping
PPLD: Franchises
BBB: Buzz with the Bs
The Pikes Peak Library District teaches a free class on how to start or expand a business, 7-8:30 p.m., Penrose Library, 20 N. Cascade Ave. Go to ppld.org to register.
Learn which franchises do well in Colorado Springs, 6-7:30 p.m., Library 21c, 1175 Chapel Hills Drive. Go to ppld. org to register.
Peak Startup: Get Down Join the Pikes Peak Startup group to learn how to start a business and hear about local success stories, 5:30-7:30 p.m., Phantom Canyon Brewing Co., 2 E. Pikes Peak Ave. Go to peakstartup. org to register.
Wednesday, Sept. 13 SBDC: Where’s the Money? Find out how to get the funds to start a business, 11:30 a.m.-1 p.m., El Paso County Citizens Service Center, 1675 Garden of the Gods Road, Suite 1107. Go to pikespeaksbdc.org to register.
The Better Business Bureau of Southern Colorado hosts its monthly networking breakfast, 7:30-9 a.m., Patty Jewett Golf Course clubhouse, 900 E. Espanola St. Go to bbb.org/ southern-colorado to register.
Fountain: After Hours
HBA: Sales and Marketing Mixer
The Fountain Valley Chamber of Commerce hosts its after hours networking at Olde Town and Gateway District businesses, 6-8 p.m. Go to fountainvalleychamber.com to register.
Pueblo: Lunch
The Pueblo Chamber of Commerce hosts its monthly networking lunch, 11:30 a.m., Pueblo Convention Center, 320 Central Main St. To register, go to pueblochamber.org.
Tuesday, Sept. 19
Learn more about the Housing & Building Association of Colorado Springs’ sales and marketing efforts, Till Kitchen, 8-10 a.m., 9633 Prominent Point. Go to cshba.org to register.
Thursday, Sept. 14 CSBJ: 6035 Lifestyles
PPAR: Women Realtors
PPLD: Business Websites Discover how to create a business website that addresses customer needs, 6-7:30 p.m., Library 21c, 1175 Chapel Hills Drive. Go to ppld.org to register.
Tuesday, Sept. 19 SBDC: Digital Marketing Join the Pikes Peak Small Business Development Center to learn how to use Facebook for your business, 9 a.m.-noon, Ent Credit Union, 7350 Campus Drive. Go to pikespeaksbdc.org to register.
PPLD: Investing Learn how to invest money wisely, sponsored by the Pikes Peak Library District, 6-7:30 p.m. Library 21c, 1175 Chapel Hills Drive. Go to ppld.org to register.
Wednesday, Sept. 13
Thursday, Sept. 14 Learn how to start a business in this fast-paced workshop, 11:30 a.m.-1:30 p.m., El Paso County Citizens Service Center, 1675 Garden of the Gods Road, Suite 1107. Go to pikespeaksbdc.org to register.
Business websites can be the entrance for customers to brick-andmortar buildings. Learn how to create them at the Pikes Peak Library District, noon-1 p.m., Library 21c, 1175 Chapel Hills Drive. Go to ppld.org to register.
SBDC: Business Boot Camp
Learn the basics of keeping books with the Tri-Lakes Chamber of Commerce, 9 a.m.-noon, Tri-Lakes Chamber of Commerce and Visitor Center, 166 Second St., Monument. Go to trilakeschamber.com to register.
Thursday, Sept. 14
Join the Colorado Springs Business Journal to celebrate five of the city’s healthiest companies, complete with a health expo and speaker Frank Serratore, coach of the United States Air Force Academy hockey team, 11 a.m.2 p.m., Norris-Penrose Event Center, 1045 Lower Gold Camp Road. Go to csbj.com/events to register.
PPLD: Business Websites
Tuesday, Sept. 12
The Council of Women Realtors of the Pikes Peak Association of Realtors hosts it monthly meeting, 11 a.m.-1 p.m., location to be determined. Go to ppar.org to register.
PPAR: Young Professionals The Pikes Peak Association of Realtors hosts its young professional networking group, 3-6 p.m., Red Martini Bar, 20 N. Tejon St. Go to ppar.org to register.
Friday, Sept. 15 HBA: All Members Cup The Housing & Building Association of Colorado Springs hosts its annual golf tournament, 8 a.m. start, Pine Creek Golf Course, 9850 Divot Trail. Go to cshba.org to register.
Tuesday, Sept. 19 Women’s Chamber: Lunch Join the Southern Colorado Women’s Chamber of Commerce for its monthly luncheon, 11:30 a.m.-1 p.m. Garden of the Gods Collection, 3320 Mesa Road. Go to scwcc.org to register.
Woodland Park: After Hours Join the Woodland Park Chamber of Commerce for a business after hours networking event, 5:30-7 p.m., Pikes Peak Regional Hospital, 16420 W. Highway 24. Go to woodlandparkchamber.org to register.
Tri-Lakes: After Hours The Tri-Lakes Chamber of Commerce holds its after hours networking mixer, 5:30-7 p.m., Tri-Lakes Center for the Arts, 304 Highway 105, Palmer Lake. Go to trilakeschamber.com to register.
Thursday, Sept. 21 Pueblo: QuickBooks The Small Business Development Center in Pueblo hosts a class about how to use QuickBooks in your business,1 p.m., SBDC Downtown Studio Classroom, 121 W. City Center Drive, Suite 220. Go to pueblochamber.org for more information.
Pueblo: After Hours
Join the Pueblo Chamber of Commerce for its monthly after hours networking event, 5 p.m., Sangre de Cristo Arts and Conference Center, 210 N. Santa Fe Ave. Go to pueblochamber.org to register.
Tri-Lakes: Breakfast The Tri-Lakes Chamber of Commerce holds its monthly member breakfast, 7:30-9 a.m., 166 Second St. Go to trilakeschamber.com to register.
14 Sept. 8 - Sept. 14, 2017
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Colorado Springs Business Journal
Focus
TOURISM By Bob Stephens
T
he tourism industry in the Pikes Peak region enjoyed a record-setting year in 2016 — and this year might be even better. One indication of that was the traffic jam created in early July by vehicles trying to reach the Pikes Peak Highway, which takes visitors to the top of America’s Mountain. “Traffic was backed up all the way to Highway 24 and into a lane on 24,” said Colorado State Patrol Capt. John Lupton, commander of Troop 2B of El Paso and Teller counties. “Pikes Peak Highway was quick to deal with the situation.” To help keep motorists safe and to improve traffic flow, state troopers helped direct traffic to mitigate the problem and a traffic control company was brought in to provide signage. “We’ve been noticing a marked increase in traffic in recent years,” Lupton said, “especially the weekends in late June and early July.”
JUMPING NUMBERS
Photo by Bob Stephens
Visitors from Arizona view the animal exhibit, one of the many featured attractions at the Garden of the Gods Visitor & Nature Center.
According to an annual visitor profile study from tourism research firm Longwoods International, the Pikes Peak region welcomed 23 million visitors in 2016, a 12 percent jump over the previous year. That number could jump again in 2017, said Doug Price, president and CEO of the Colorado Springs Convention & Visitors Bureau. “It’s very encouraging,” Price said. “Numbers tell part of the story but the rest of the story is us hearing from our members and partners who are confirming that we are seeing more people and they’re able to [charge a higher] rate.” Higher rates result in more collections through the Lodgers and Automobile Rental Tax, which enables the CVB to market the region. The LART collects a 1 percent tax on auto rentals and 2 percent on lodging and the CVB receives two-thirds of those funds, which makes up 85 percent of the CVB’s nearly $5 million budget. The rest comes from membership dues, events and about $24,000 annually from El Paso County. Through June 2017, LART collections were up 19.01 percent over the previous year. “It won’t stay at 19 [percent], but by the time we get to the end of the year, I believe there will be double-digit growth over where we were in 2016,” Price said. It’s marketing, he said, that helps attract visitors to the region, where tourists spent $2.25 billion in 2016, 14 percent higher than the previous year, which equates to $71 per second being infused into the Pikes Peak region’s economy. Price said the CVB has been able to create more marketing campaigns with the increase in LART dollars. The improved national economy and more direct flights to Colorado Springs Airport are also contributing to the spike in tourism, Price said, while noting that a new business in the area has also helped. “We don’t tend to point to just one particular attraction or hotel, but there’s no denying that the Great Wolf Lodge has opened very successfully and brought 311 new rooms to the market,” Price said. “And the improved economy has allowed hotels to charge more. In the world of supply and demand, it’s been a great couple of years from a demand standpoint. You put more direct flights coming into the airport and make it easier for people to get here, and you’ve got a formula that says our tourism economy is going up.” Some locals may like it when the summer tourist season ends but Price emphasized how important tourism is for the area. “[Tourism is] the third-largest employer in the region with over 17,000 people,” he said, citing defense and health care as first and second. “You have people who depend on ... tourism.”
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Colorado Springs Business Journal
Sept. 8 - Sept. 14, 2017
15
NEXT WEEK
URBAN LAND DEVELOPMENT MARKETING MATTERS The CVB’s media marketing budget — which involves print, digital and social — has generally gone up the last five years, according to the bureau’s Director of Communications Chelsy Offutt, who said that portion of the marketing budget tops out at about $1.1 million. It’s changed to target digital advertising more in recent years; it’s now at about 60 percent aimed at digital and 40 percent for print. Advertising highlights in 2017 include a 90-second Garden of the Gods video that will run on matadornetwork. com; an all-digital airport campaign in three cities — Washington/Dulles, San Francisco and San Diego — that garnered nearly 23 million impressions; the use of 15 social media influencers who blog about outdoor adventure and Olympic City USA; a campaign that begins in November to create brand awareness of Olympic City USA; and a campaign that included 14 beer/distilled spirits partners, three bed & breakfast partners, three transportation partners and Pikes Peak Country Attractions. “We are both a marketing and sales organization,” Price said. “We have a seven-person group sales team that goes to 42 trade shows a year. So their job is to sell Colorado Springs and the Pikes Peak region as a destination for meetings, conventions, sporting events, military reunions. You can draw about a 500-mile radius around Colorado Springs and your drive market — Doug tends to be where your leisure vacationer comes from. But the business traveler can come from coast to coast.” The CVB spends to attract that drivein leisure traveler. “We did some research back in 2015 where we compared how much we’re funded as a CVB to 21 other destinations and we’re really low,” Offutt said. “When we get extra marketing dollars, we try to extend our marketing season. When you talk about the leisure traveler, you’re talking about April to July and we’ve really tried to push into that later market as far as the fall campaign.” Pikes Peak Country Attractions Executive Director Patricia “PK” Knickerbocker said 2017 has been “a very good year” for the group’s members. “Several of our members had their best-ever years so far,” she said. “A few struggled in Manitou [Springs] because of road construction. A few outdoor attractions struggled because of all the rain. I’m not sure we’ll beat last year as far as attractions go, but last year was freakishly big. “People are coming to the region for a lot of different reasons and we’ve always had this big crush in the summer. Now we just need to make it year-round and more sustainable overall.”
in two years, costing the state $1.4 billion in tourism, according to a report by Longwoods International entitled “The Rise and Fall of Colorado Tourism.” The yearly loss rose to more than $2 billion and Colorado dropped from first to 17th among all states as a summer resort destination. “We are the case study for not shutting off your marketing engine,” Offutt said. In 2000, the state legislature reinstated funding at $5 million and return over investment in the next few years was 12:1, according to the report. In 2006, the state tourism promotion budget was up to $19 million and visitors reached an all-time high of 28 million. Cathy Ritter, director of the Colorado Tourism Office, noted that Colorado set a record with 82.4 million visitors in 2016, up from 77.7 million the year before. “Our share of leisure travelers went from 13th to ninth nationally and increased our market share from 2.8 percent in 2015 to 3.1 percent — a huge increase,” she said. “Our researchers say moving up four spots is extraordinary.” Ritter said the Pikes Peak region had “amazing visitor numbers” in 2016. “Almost 28 percent of those people who visited Colorado went to the Pikes Peak region,” she said. “That’s up from 26 percent the year before, already more than a quarter of the state.” Ritter was impressed by those numbers, but understands the lure of Price the region. “The quality and variety of attractions in that region is very impressive,” she said. “You have top-level attractions there. And once you add the Olympic Museum to that lineup, it’ll be even more impressive.” Ritter said the Colorado Tourism Office doesn’t market individual attractions; it tries to bring people to the state by advertising nationally. Still, the Springs CVB works closely with the state tourism office, Offutt said in an email, and will “partner with them on a variety of media opportunities and co-op advertising, in addition to all of the work we do through our sales, marketing and [public relations] departments.” Price said that the state tourism office invites people to Colorado and the different regions then vie for market share. “So there are people on the Western Slope, in Grand Junction and Glenwood, that want you to come there and we want you to come south,” he said. “[Denver International Airport] is the No. 1 economic engine for the state of Colorado; it’s the No. 1 portal for people to come into the state. Denver is a great draw, a great attraction, and there’s so much to do there. People come for business and for leisure purposes. So if Denver is what brings you to Colorado, are you going to go north and go up to Rocky Mountain National Park and Fort Collins and Boulder, or are you going to come down here?” CSBJ
“You have people who depend on their livelihood from tourism.”
LESSON LEARNED In 1993, Colorado eliminated its marketing budget of $12 million. The result was a 30 percent plunge in market share
You never know what you’ll come across at the Royal Gorge Bridge & Park. So come on. Come now. Fly into the sun. Laugh into the wind. Stop and hold hands while you stare off America’s highest suspension bridge. And we promise, you’ll come across something brand new. Buy tickets today at RoyalGorgeBridge.com.
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Colorado Springs Business Journal
THE LIST: TOURIST ATTRACTIONS Ranked by Approximate Annual Attendance
Tourist Attractions
From The Book of Lists & Power Pages
Ranked by Approximate Annual Attendance
Just Missed The List
Rank
8 - Manitou Cliff Dwellings Museum 9 - Rock Ledge Ranch Historic Site 10 - Colorado Springs Fine Arts Center at Colorado College
1
NR - United States Air Force Academy
2 USA Today 10Best 2017 Reader’s Choice Awards ranked Cheyenne Mountain Zoo sixth in the nation for Best Zoo. The Travel Channel video recognizing the Cave of the Winds’ TERROR-dactyl ride has been viewed over 230 million times.
To purchase your own Book of Lists or the full Tourist Attractions List, call Cristina Jaramillo at 719-634-5905
Don’t miss The List
3 4 5 6
Sept. 15: Physical Rehabilitation Centers Sept. 22: Professional Associations/ Chambers of Commerce
7
Sept. 29: Colleges, Universities and Trade Schools Oct. 6: Museums and Art Galleries
Name Address Phone/Fax Website Email Garden of the Gods Visitor and Nature Center 1805 N. 30th St. Colorado Springs, CO 80904 719-634-6666/719-634-0094 gardenofgods.com lcarter@gardenofgods.com Cheyenne Mountain Zoo 4250 Cheyenne Mountain Zoo Rd. Colorado Springs, CO 80906 719-633-9925/719-633-2254 cmzoo.org info@cmzoo.org Garden of the Gods Trading Post - Art Gallery 324 Beckers Ln. Manitou Springs, CO 80829 719-685-9045 ext 4/719-685-9377 gardenofthegodstradingpost.com gallery@ggtp.cc Pikes Peak – America's Mountain 5069 Pikes Peak Hwy. Cascade, CO 80809 719-385-7325/719-385-5153 pikespeakcolorado.com pikespeakinfo@springsgov.com Royal Gorge Bridge & Park P.O. Box 549 Canon City, CO 81215 888-333-5597/719-269-3501 royalgorgebridge.com rgb@royalgorgebridge.com The Broadmoor's Pikes Peak Railway 515 Ruxton Ave. Manitou Springs, CO 80829 719-685-5401/719-685-9033 cograilway.com info@cograilway.com Cave of the Winds Mountain Park 100 Cave of the Winds Rd. Manitou Springs, CO 80829 719-685-5444/719-685-1712 caveofthewinds.com info@caveofthewinds.com
Annual Visitors
Features
Parent Year Opened Company Locally/ City and State Peak Season Employees
1,018,439
The world-class Garden of the Gods Visitor & Nature Center is your gateway to the Park. We also have interactive exhibits, the world’s only Theiophytalia kerri dinosaur, Geologic Time Tunnel, Flora and Fauna Hall, Geology Hall, Wall of Changing Seasons (time lapse photography exhibit), historic photos and more.
Garden of the 1995 Gods Foundation N/A Colorado Springs, CO
778,863
Colorado Springs is home to America’s ONLY mountain zoo. Located at 6,800 Colorado Springs 1926 feet above sea level, Cheyenne Mountain Zoo offers breathtaking views of the 225 city and of its 750 animals. The unique design of the Zoo’s animal exhibits gets guests closer than ever before. Visit 365 days a year for family fun at the Cheyenne Mountain Zoo.
750,000
Historic destination, largest gift facility in Colorado, regional art gallery, Colorado artists, extensive Native American as well as international art, conference area and pavilion for corporate and social events
450,000
Drive to the summit of a 14,115-foot mountain, three fishing lakes open during City of Colorado N/A summer, three gift shops, wildlife, hiking trails, bicycling, breathtaking views Springs N/A Colorado Springs, CO
340,000
We are one of the world's highest suspension bridges, built in 1929 over the famous Royal Gorge in Cañon City. The park has a 14,000-sq.-ft. visitor center with deck over the gorge. Attractions include Aerial Tram crossing 2,400 feet across the Royal Gorge, and internationally acclaimed thrill rides, the Royal Rush Skycoaster and Royal Gorge Cloudscraper by ZipRider, highest in North America. One of two cog trains in the United States. This train takes you through canyons, past waterfalls and beautiful panoramas to the 14,115-ft summit of Pikes Peak.
300,000
200,000
Royal Gorge Company of Colorado Cañon City, CO
1929 200
The Broadmoor 1891 Manitou Springs, 125 CO
Cave of the Winds offers three different cave tours through lighted chambers or Manitou Springs, 1881 hand held lanterns. The property also includes rides and attractions from mild CO 150 to wild, including the TERROR-dactyl, atop breathtaking Williams Canyon. Discovered in 1881, Cave of the Winds has been a must-see Colorado Springs attraction for travelers for more than a century.
NR- not ranked, indicates that the information necessary for ranking was not provided. N/A- not available. While every attempt is made to ensure the thoroughness and accuracy of the list, omissions and typographical errors may occur. Please send additions/corrections to cristina.jaramillo@csbj.com.
This is the top listing of Tourist Attractions that responded to questionnaires, notices and telephone inquiries.
Business Resources 101
Grow your business and create more wealth Want to increase your business bottom line? The Business Journal can give you valuable resources to increase your customer base and improve profits using the newspaper, our Book of Lists and The Transcript, our legal paper.
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Colorado Springs Business Journal
Sept. 8 - Sept. 14, 2017
17
DoD: Cyber compliance deadline nears From page 1
Roman and Sudolynx chief technology officer Richard Kuskye, both Air Force veterans with decades of DoD contracting experience, formed the company in March and launched the technology rollout Aug. 17 at Catalyst Campus. LynxLocker will be fully operational Oct. 1. The platform includes more than 400 controls and provides the system security plan and incident response plan, as well as DFARS proposal support. It’s like a security deposit box, Roman said. “Rather than telling small businesses to build the bank vault, just rent a security deposit box in the bank vault that we built,” he explained. Pricing varies depending on the size and complexity of the business, with significant discounts for small companies that might not otherwise be able to afford compliance. After a one-time retainer, companies only pay for LynxLocker when they need it. “If they don’t win an award for six or eight months, then they don’t have to be spending money on a cybersecurity solution if there’s no requirement to have one,” Roman said. LynxLocker provides continuous monitoring, monthly audit reports, maintenance and upgrades. “It’s built into the service that we
all businesses should pay attention. maintain the configuration with the most current best-of-breed technology," “When you start to dig down a litRoman said. tle deeper and hear the conversations He said it’s unclear how stringently that are going on, this could certainly the government is going to police NIST expand into state government ... along SP 800-171 standards; regardless, large with even school systems,” he said. prime contractors will likely be the big“[I]n the interconnectedness of a gest enforcers. community like the Springs, we don’t “On [Jan. 1], as the prime, they are want to look at it with defense contracresponsible for their subs’ cybersecurity tor blinders only. We’re smarter to look standard. If one of those subs creates an at it as a true community.” incident, the prime is responsible,” he Burchfield said without proper cybersaid. “I think what’s going to happen security measures, hackers could use is the primes might small subcontracactually drop any tors as backdoors. subcontractors that “Hackers don’t fail to meet those have to go to the standards.” big [contractors] Businesses should anymore, they can tackle compliance find that small comas quickly as possi— Bob Reehoorn pany that has a tieble, Reehoorn said. in to the big [con“You’ve got till tractors] ... and all Dec. 31, and I wouldn’t wait till Dec. of a sudden they’ve got an avenue in, 15. You’ve got to pull your head out of unbeknownst to the prime,” he said. “On the sand and pay attention,” he said. that scale it affects anyone who’s in that “With the ongoing frequency and range, supporting defense contractors. the continual sophistication of cyber“...The way the city’s connected, we attacks, I think the government’s going have to be very careful. It’s incumbent to continue to focus on the development upon all of us to take on that responsiof stronger protections for sensitive data bility, to take basic cyber hygiene and — so you need to start adopting meaup our game, so we’re helping protect sures now. It’s not going to get easier.” each other,” he said. Colorado Springs Chamber & EDC Burchfield said NIST intended SP 800Chief Defense Development Officer Rich 171 to build on existing cybersecurity Burchfield said while the current crop measures. “We do need that baseline of compliance standards is aimed at defense contractors and manufacturers, set,” he said. CSBJ
“You’ve got to pull your head out of the sand and pay attention.”
NEVER GIVE UP. NEVER QUIT. Keynote Speaker
TRAVIS MILLS
United States Army Staff Sergeant (Ret.) and recalibrated warrior
FOR THE LOVE OF OUR TROOPS XIII
Friday, September 22, 2017 For more information about tickets and sponsorships, please visit TheHomeFrontCares.org or call (719) 434-1407. Presented by
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JOIN THE COLORADO SPRINGS BUSINESS JOURNAL AND COLORADO COMPUTER SUPPORT AS WE PRESENT THE FASTEST GROWING COMPANIES IN THE PIKES PEAK REGION. Put on your finest 1920s flapper dresses and zoot suits for an evening of jazz and entertainment at the Mining Exchange. It’ll be the bees knees!
2017 Fastest Growing Companies Awards The Mining Exchange Oct. 19 • 6-8PM $35
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Colorado Springs Business Journal
BY THE NUMBERS
Designed by Melissa Edwards • Source: Longwoods International
set records in 2016 in both visitor volume and visitor expenditures
Number of people coming to Colorado on overnight trips:
Following a 6-year upward trend, business trips softened
Colorado was the top destination nationwide for overnight ski trips, with a
Retail establishment and local transportation spending rose by
up 5 percent from 2015
to 4.2 million
market share
year-over-year
Spending by Colorado visitors on overnight trips set a new record
Business travelers in Colorado spent 6 percent less last year than in 2015, bringing total business expenditures to
Visitors’ spending on recreation, sightseeing and attractions grew the most year-over-year, by
down from 5.1 nights the year before, reflecting a longer-term trend of shorter trips not only for Colorado but also nationally
up 5 percent from 2015
KEYNOTE SPEAKERS:
Erik Davidson & Michael Serio, Economists for Wells Fargo
Friday, September 29, 2017 1:30 p.m. - 4:30 p.m.
21st Annual UCCS Economic Forum - 2017 AGENDA
1:00 p.m. - 1:30 p.m. Registration 1:30 p.m. - 1:45 p.m. Opening Remarks
Welcome: Master of Ceremonies, Samuel Elliott, Co-founder of Tejon Technologies & UCCS College of Business Graduate Venkat Reddy, Ph.D., Chancellor, UCCS John Suthers, Mayor of Colorado Springs - by video
The Antlers Hotel 4 S. Cascade Avenue Colorado Springs, CO Platinum Level Sponsors:
Forum Founding Partner
The average trip to Colorado in 2016 lasted
1:45 p.m. - 2:45 p.m. Keynote Address: National and International Outlook
Erik Davidson, Chief Investment Officer, Wells Fargo Michael Serio, Regional Chief Investment Officer, Wells Fargo
2:45 p.m. - 3:55 p.m. Economic Conditions and Outlook for the Pikes Peak Region Tatiana Bailey, Ph.D., College of Business and Administration, UCCS 3:55 p.m. - 4:30 p.m. Audience question and answer session with economists Community Updates: One minute briefings by community leaders throughout the program
Media Sponsors:
4:30 p.m.
Networking happy hour, The Antlers Hotel foyer
Register Online: www.UCCSEconomicForum.com See the complete list of sponsors on our website.
Join us as the Forum presents its annual analyses of the national and regional economies. In addition, community leaders will deliver one-minute updates throughout the program.
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Colorado Springs Business Journal
Sept. 8 - Sept. 14, 2017
19
Stuck: College debt blues From page 5
Total Student Loan Debt:
THE MILLENNIALS' CRISIS
$1.4 trillion
Many are calling it a student loan crisis and financial adviser Chris Long agrees. He said drawing a parallel to the mortgage crisis several years ago is valid. “Credit was easy to get then, just like a student loan is now,” said Long, a partner in Breglio, Long and Associates, a wholly owned firm of Ameriprise Financial. Tom Binnings, a partner at Summit Economics, said he graduated from college with student loan debt, as did his offspring. “I have five children and they all had student loan debt,” Binnings said. “When I was writing that check every month, sometimes it felt like a crisis.” Long said debt hampers the lifestyle of many Millennials. “It’s so onerous many can’t buy a house because of their debt-to-income ratio,” Long said. “Millennials are growing up and having kids but that debt is holding some of them back.” John Adams, director of operations at Heuberger Subaru in Motor City, witnesses that scenario almost daily. “We definitely see potential younger buyers that have student loan debt,” Adams said. “And that can cause some problems for them. Even if a bank or credit union approves their loan, they’re not going to get the best rate because the bank looks at them as a risk.” That can be the case even if a customer’s credit score is high, Adams said. He noted that debt can positively impact a credit score but the bank will also look at other factors. “A bank might not approve the loan even if they have a job because they have no credit history and a lot of student loan debt,” Adams said. According to the Fed’s report, 53 percent of students who earn at least a bachelor’s degree incur some debt. Fewer than 40 percent of Colorado College students graduate with debt and their average debt is about $20,000, far lower than the national average, according to CC Director of Financial Aid Shannon Amundson. Graduate school loans account for about 40 percent of the overall student
Total U.S. Borrowers With Student Loan Debt: 44.2
million
Student Loan Delinquency Or Default Rate: 11.2 percent Total Increase In Student Loan Debt In 4Q2016: $31 billion New Delinquent Balances (30+ days): $32.6 billion New Delinquent Balances - Seriously Delinquent (90+ days): $31 billion loan debt. Loans can be forgiven, or minimized, if graduates — such as teachers, doctors or lawyers — work to serve the public good. “I think that’s a good thing, but it should be tied to income,” Binnings said. “My daughter is looking at getting a law degree and working where some of that [debt could be forgiven]. But if she makes $90,000 should she get it all written off? Not all of it." But if she takes a lower-paying job to serve the public good — when she could be making six figures — she deserves some loan forgiveness, he said. Binnings said student loan debt impacted his generation but nothing like it is affecting Millennials when it comes to purchasing power. “It may change how we look at education,” he said. “Some may not get graduate degrees because of this. My son chose not to pursue a master’s because he wasn’t interested in having more debt at that time.” Adams sees Millennials who buy cars taking a similar pragmatic approach. “Debt is definitely making them more practical,” Adams said. “We definitely don’t see Millennials buying our $40,000 Outback or Forester and part of the reason is they have to manage their debt. They have to set realistic expectations until that student loan debt is paid off.” CSBJ n
AVG. STUDENT LOAN DEBT VS. INFLATION
Source: thedailycoin.org
LEADERSHIP LESSONS Perry Sanders
Sept. 21 Mining Exchange Perry Sanders reshaped downtown Colorado Springs when he renovated the long-vacate Mining Exchange building into a first-class, luxury hotel. But he didn’t stop there: Sanders now owns The Antlers hotel and a number of properties in the city’s core.
Tom Naughton
Oct. 30
Garden of the Gods Club & Resort Gateway Building/ Three Graces Space Tom Naughton, market president for U.S. Bank has a long history in banking. He’ll talk about his path to leadership, lessons learned along the way and what’s new in the banking industry.
4:30-6:30 pm • Ticket Price: $25 • RSVP at csbj.com/Events
20 Sept. 8 - Sept. 14, 2017
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Colorado Springs Business Journal
Experts: Staging a home a smart marketing decision By Audrey Jensen
W
Photo by Audrey Jensen
Candance Toscano was hired to stage a $430,000 vacant home, located on Orion Drive, after it hadn't sold for 30 days.
hen Raj Nakka wanted to sell his Monument home, he contacted a Realtor. And when Monica Breckenridge with Pink Realty recommended a home stager, he was all for it. While he says he never would have thought of hiring someone to decorate his home to make it more attractive to buyers, he’s pleased with the results from Candance Toscano, owner and designer at Toscano Interiors. “When Candance came in and she looked at the house and gave me her feedback — I think it really changed my perspective on staging because I didn’t have to worry about getting new furniture and filling my place with new stuff,” he said. “To me, that’s the big advantage of working with a Realtor who knows what she’s doing and a stager who knows what she’s doing — it takes the burden off me.” And while homes are only staying on the market around three weeks, according to the Pikes Peak Association of Realtors, that doesn’t mean that home-staging companies are going without work. It’s still an important part of the process, Toscano said. Staging a home can help attract online showing — and in some cases, increase the selling price above the listing price. “I think [Realtors] who are in the business and have been in the business for a long time are serious about it,” she said. “I think those are the ones who see the value; they offer it to their sellers because it’s the best way to market their house.” One home Toscano staged in the Palmer Park area sold for $12,000 more than its asking price after being on the market for a weekend, she said. Toscano said a lot of Realtors include home staging as part of their costs — and in the past two years, her business has increased by 90 percent. Most owner-occupied houses Toscano stages are in the $250,000 price range, while the vacant houses she stages sell for around $400,000 or higher. Toscano works with the homeowners, takes pictures and
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Colorado Springs Business Journal
Sept. 8 - Sept. 14, 2017
21
creates a checklist for the seller to get rid of clutter and address issues she sees in the house. After a week, she brings in props and accessories from her Fountain store, but normally uses whatever furniture is already in the house. Toscano is not the only company to see success in the industry. Cathi Rios of Front Range Stage specializes in vignette staging — a form of lightly staging a home — and brings in small pieces of furniture to create cozy nooks or elegant spaces. For other homes, she adds a complete decor to attract sellers. In the current market, lower-priced houses are selling too quickly for owners to pay for a professional decorator like Front Range Stage. “The homes are selling so fast that, by the time you get anything in there, the house is going to have multiple offers on it the first day or the first week,” Rios said. “For someone who stages a $100,000 home — they can put a bowl of fruit on the table, and it will sell.” Rios says the competition for buyers is definitely in the upper end of the price range — and that’s what she builds her business around. “There’s still competition in that price range when you get to the $450,000 and above level,” Rios said. Rios said she has seen a 50-percent increase in full-furniture staging and a 50-percent decrease for vignette staging in 2017. Front Range Stage uses leased furniture that is professionally moved in and out of the homes — creating an atmosphere that attracts more Realtors and online buyers.
STAGING CAN YIELD HIGHER BIDS Rios said everyone involved in selling a home could benefit from staging. “Sellers will sell faster — a lot of times get more money — and it makes a Realtor’s job easier as well,” she said. RE/MAX Realtor Lisa Robinson, who has been selling homes in Colorado for 21 years, recommends that all her clients have a staging consultation. “I think every home can benefit from staging, especially vacant homes,” Robinson said. “[Buyers are] more likely to be serious about [a staged] home because people are very visual.” She added that while homes in the $200,000 price range sell easily because of the current high demand, the goal is still for sellers to make as much as possible. “People say ‘It’s going to sell anyway,’” Robinson said. “Yes, that’s true. But are you leaving money on the table? My answer is yes.” CSBJ n
Photo by Audrey Jensen
Toscano charged $860 to stage the living room, kitchen and master bedroom in a vacant house on Orion Drive.
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Nominations due Sept. 22 Visit CSBJ.com/Nominate
22 Sept. 8 - Sept. 14, 2017
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Colorado Springs Business Journal
OPINION: SWEET
Takeaways from the bipartisan health plan
A
fter months of discussions and planning, followed by a crescendo of news coverage, six governors released the details behind a bipartisan “blueprint” for health care changes. Acting in response to the federal government’s inability to reach consensus about how to fix rising costs, lack of competition and insurance affordability, the governors’ plan addresses corrections to the insurance industry. Colorado’s John Hickenlooper was one of the six governors helping craft the guidelines, along with John Kasich of Ohio, Brian Sandoval of Nevada, Tom Wolf of Pennsylvania, Bill Walker of Alaska, Terence McAuliffe of Virginia, John Bel Edwards of Louisiana and Steve Bullock of Montana. So what’s in the plan? 1. Keep the individual mandate “for now.” Essentially, it calls on Congress to retain the individual mandate requiring people to have health insurance or pay a fine on their taxes. The plan says it “is perhaps the most important incentive for healthy people to enroll in coverage.” The governors want the states to be able to come up with their own plans and request waivers. And, they say Congress should come up with an alternative. 2. In counties with only one insurance carrier, the governors are asking Congress to encourage competition by
exempting insurers in underserved areas from the federal health insurance tax. They also want Congress to allow rural residents with limited options access to federal coverage. 3. They also want S W E E T Congress to create a temporary fund to stabilize premiums and limit losses. The governors agree with recent plans in Congress to provide $15 billion a year to address coverage with the goal of lowering premiums. They also want to continue to make the cost-sharing payments required under the Affordable Care Act. The Congressional Budget Office says that failure to do so could drive up premiums in the individual market by 25 percent and increase the national deficit by $194 billion during a 10-year period. 4. The government should continue efforts to encourage healthy people to enroll in insurance markets and should also limit participation in the exchange for people who are eligible for other programs like Medicare or Medicaid. 5. Give states greater authority to regulate markets. “The federal government should not duplicate efforts or preempt state authority to regulate consumer
Amy G.
services, insurance products, market conduct, financial requirements for carriers and carrier and broker licensing in states that already effectively perform these functions,” the report said. 6. States can opt out of parts of the ACA if they can prove their actions won’t increase the deficit, won’t increase the number of uninsured people and won’t reduce affordability. The governors want to allow individual states to develop their own plans. Congress should create a way to streamline and fast-track the waiver process. 7. Pay health care providers based on quality of services, not quantity of tests. Some states are already moving in this direction, the plan says, and asks Congress to embrace payment reforms, while also encouraging transparency in the cost and quality of care. “We strongly encourage that Congress and the administration take immediate action to stabilize the individual health insurance marketplace,” the report said. “If there is a clear signal to consumers and carriers that the individual market is viable, additional state-based reforms will be more manageable and we can succeed in preserving recent coverage gains and controlling costs.” But the governors’ plan doesn’t address all the underlying reasons for rising costs in health care. There’s no mention of tort reform, so doctors and
hospitals will be forced to practice defensive medicine and order unnecessary, expensive tests to make their malpractice insurance carriers happy and keep attorneys at bay. The plan doesn’t discuss the lack of access to care. Doctor and nurse shortages are common throughout Colorado — especially in the state’s rural areas. There are no incentives for health care providers to move to rural areas, no efforts to increase access in inner cities or to provide more affordable paths to medical school for general practitioners. The costs can’t go down until access and availability are addressed alongside tort reform as well as the changes to the individual markets addressed in the governors’ plan. Despite its shortcomings, the blueprint for health care is a bipartisan effort to address a complex issue in the individual market that affects small and micro businesses, as well as people working as independent contractors, freelancers and others who buy their coverage through the individual insurance market. It’s a good start — and now it’s up to Congress to move forward with a bipartisan plan that doesn’t harm the poor, hurt working families or damage business profits. CSBJ n
CUTTING TAXES SHOULDN’T CUT OPPORTUNITIES FOR COLORADO When it comes to tax reform, the stakes couldn’t be higher for the 700,000 Coloradans who call apartments their home and over 150,000 Coloradans whose jobs depend on the apartment housing industry. Let’s make sure our lawmakers in Washington take the smart approach to tax reform.
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OTHER VOICES
University cooperation fuels communities
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IT’S A NEW
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We’ve revamped our website so that you have everything you need, beautifully at your fingertips. Finally done with the grind and ready to see a rad local show? With our new website you won’t miss a beat on must see local music happenings every week. Plus interviews with artists and recommendations on what to listen to.
site for year-round education, entertainment and research. CSU plans three buildings within the project and will focus research and outreach on the areas of energy, water, environment, health and food systems — using our own backyard to collaborate with the greatest minds and tackle the global challenge of feeding a skyrocketing world population. • CU and CSU, along with the University of Northern Colorado, collaborate at the Colorado School of Public Health, which works to promote healthy behaviors and prevent people from getting sick or injured in the first place. It conducts research, prepares health care workers and tracks disease. The school works in communities throughout Colorado to provide services and engages in conversations ranging from healthcare reform to obesity to marijuana research to the health impact of oil and gas development. Colorado is one of the healthiest states in the country, and the school will help keep it that way. CSU and CU have been part of the fabric of our state since our universities were founded, respectively, in 1870 and 1876. Our missions demand that we serve Colorado, an obligation we happily accept. From Burlington to Grand Junction, from Trinidad to Carr, we help Coloradans and their communities. We embrace our part in making Colorado a better place, so as you look around, count on continuing to see CU and CSU in your community. Bruce D. Benson is president of the University of Colorado. Tony Frank is president of Colorado State University.
We share a deep passion for our public missions.
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ly 300 educational, research and outreach programs in communities large and small around the state. A few examples illustrate our reach: • The CU Cancer Center at the CU Anschutz Medical Campus extends cancer care into mid-sized and rural communities. CU doctors whose specialties range from oncology to neurosurgery to cardiology travel to hospitals that are lacking those specialists, providing patient care and access to clinical trials. • CSU’s Little Shop of Physics is a hands-on science program that takes more than 100 experiments on the road across Colorado to visit schools and provide teacher workshops. Staff and students develop lessons that demonstrate that anyone can understand science. Last year, the student-run program worked with more than 300 teachers and 15,000 students, particularly those in underserved areas. • CU Boulder’s Business Research Division in the Leeds School of Business provides economic and demographic information to businesses, governments and nonprofits around the state. Specializing in economic and fiscal analysis, market research and custom research projects, the division also produces an annual forecast of the state’s economy. It gives communities access to sophisticated business analysis that helps communities advance. • CSU is partnered with the city and county of Denver, the Western Stock Show Association, Denver Museum of Nature & Science, and History Colorado to reimagine the North Denver campus that has housed the Stock Show for 100 years. The planned campus — titled the National Western Center — will emerge as a 250-acre
THIS
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ake a look around any large or small community in Colorado, and you’ll likely see the presence of Colorado State University or the University of Colorado. Often, you’ll see us both. Some Coloradans may think our universities only meet once a year on the football field, as we did a week ago in Denver for the Rocky B E N S O N Mountain Showdown. Actually, it is much more common for CU and CSU to cross paths in your community and others around Colorado. We share a deep passion for our public missions and a strong commitment to serving our state. We do so primarily by educating Coloradans on our campuses or online, yet working in towns and cities across Colorado is also a critical part F R A N K of what we do. Our commitment to communities manifests itself in several ways. We share the expertise of our faculty and researchers. We engage K-12 students and schools. We work alongside civic and business leaders. We conduct research projects on issues that matter to communities in areas ranging from food safety to air and water quality. CSU Extension has had a long and productive presence in every Colorado county, providing educational information and programs that safeguard health, increase livelihood and enhance well-being. CU has near-
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Bobbi Price 719-499-9451 Jade Baker 719-201-6749 Stephanie Hawthorne 719-210-0480 $31,000,000 IN CLOSED SALES IN 2016
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Beautiful traditional 3560 sq. ft. 5 bedroom, 3 ½ bath 2-story on large view lot with mountain & Garden of the Gods views. No close rear neighbors. Multiple bay windows. Hard surface flooring on entire main level. Walkout finished basement. Hot tub on private covered rear patio. Large deck with seatting. Giant scrub oaks, x-scaping, & wildlife. MLS# 7133313
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Authentic Tuscan Villa on 4.3 acres. Absolutely stunning 4009 sq. ft. 3 bedroom, 3 bath villa with total privacy & dramatic sweeping unobstructed mountain, city, & Garden of the Gods views. Every amenity & 1014 sq. ft. finished 3 to 4-car garage. Elevator. Security, fire sprinkler, & intercom systems. In-floor radiant heat. 9-11’ ceilings. Mesquite flooring, beams, & built-ins. Custom stained glass. Gourmet island kitchen. 624 sq. ft. master suite. Low E Pella windows & atrium doors. 4 fireplaces. Beams. Imports. 770 sq. ft. cement wrap-around deck with loggias. Flooded with light & sunshine. MLS# 8040638
Under construction stucco 4207 sq. ft. 4 bedroom, 3 ½ bath rancher on 3 lightly treed acres. 4-car garage (2-car & 46’ RV garage that can hold 2 more cars). 34’ covered composite deck & covered patio from finished walkout basement. 9’ & 10’ ceilings. Slab granite throughout. Open great room floor plan. Gourmet island kitchen & formal dining room with crown molding. Custom wet bar. Central air. District 38 schools. Completion date of Nov/Dec time frame. MLS# 5400255
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COMBINED NOTICE - PUBLICATION CRS §38-38-103 FORECLOSURE SALE NO. EPC201700485 To Whom It May Concern: This Notice is given with regard to the following described Deed of Trust: On June 2, 2017, the undersigned Public Trustee caused the Notice of Election and Demand relating to the Deed of Trust described below to be recorded in the County of El Paso records. Original Grantor(s): CHARLES D. HERMSEN AND MARTHA V. HERMSEN Original Beneficiary(ies): MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC., ACTING SOLELY AS NOMINEE FOR LENDER, HSBC MORTGAGE SERVICES, INC. Current Holder of Evidence of Debt: HSBC MORTGAGE SERVICES, INC. Date of Deed of Trust: May 24, 2006 County of Recording: El Paso Recording Date of Deed of Trust: June 05, 2006 Recording Information (Reception No. and/or Book/Page No.): 206082375 Original Principal Amount: $222,000.00 Outstanding Principal Balance: $207,463.46 Pursuant to CRS §38-38-101(4)(i), you are hereby notified that the covenants of the deed of trust have been violated as follows: failure to pay principal and interest when due together with all other payments provided for in the evidence of debt secured by the deed of trust and other violations thereof. THE LIEN FORECLOSED MAY NOT BE A FIRST LIEN. LOT 26, CONSTITUTION HILLS FILING NO. 5, COUNTY OF EL PASO, STATE OF COLORADO. Also known by street and number as: 2435 CALISTOGA DRIVE, COLORADO SPRINGS, CO 80915. THE PROPERTY DESCRIBED HEREIN IS ALL OF THE PROPERTY CURRENTLY ENCUMBERED BY THE LIEN OF THE DEED OF TRUST. NOTICE OF SALE The current holder of the Evidence of Debt secured by the Deed of Trust, described herein, has filed Notice of Election and Demand for sale as provided by law and in said Deed of Trust. THEREFORE, Notice Is Hereby Given that I will at public auction, at 10:00 on Wednesday, 10/04/2017, at Robert Russel Building, 105 East Vermijo, Suite 120, Colorado Springs, Colorado, 80903, sell to the highest and best bidder for cash, the said real property and all interest of the said Grantor(s), Grantor(s)’ heirs and assigns therein, for the purpose of paying the indebtedness provided in said Evidence of Debt secured by the Deed of Trust, plus attorneys’ fees, the expenses of sale and other items allowed by law, and will issue to the purchaser a Certificate of Purchase, all as provided by law. First Publication: 8/11/2017 Last Publication: 9/8/2017 Name of Publication: Colorado Springs Business Journal IF THE SALE DATE IS CONTINUED TO A LATER DATE, THE DEADLINE TO FILE A NOTICE OF INTENT TO CURE BY THOSE PARTIES ENTITLED TO CURE MAY ALSO BE EXTENDED; IF THE BORROWER BELIEVES THAT A LENDER OR SERVICER HAS VIOLATED THE REQUIREMENTS FOR A SINGLE POINT OF CONTACT IN SECTION 3838-103.1 OR THE PROHIBITION ON DUAL TRACKING IN SECTION 38-38103.2, THE BORROWER MAY FILE A COMPLAINT WITH THE COLORADO ATTORNEY GENERAL, THE FEDERAL CONSUMER FINANCIAL PROTECTION BUREAU (CFPB), OR BOTH. THE FILING OF A COMPLAINT WILL NOT STOP THE FORECLOSURE PROCESS. Colorado Attorney General 1300 Broadway, 10th Floor Denver, Colorado 80203
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(800) 222-4444 www.coloradoattorneygeneral.gov Federal Consumer Financial Protection Bureau P.O. Box 4503 Iowa City, Iowa 52244 (855) 411-2372 www.consumerfinance.gov DATE: 06/02/2017 Thomas S. Mowle, Public Trustee in and for the County of El Paso, State of Colorado By: Thomas S. Mowle, Public Trustee The name, address, business telephone number and bar registration number of the attorney(s) representing the legal holder of the indebtedness is: Holly Ryan #32647 Medved Dale Decker & Deere, LLC 355 Union Blvd., Suite 250 Lakewood, CO 80228 (303) 274-0155 Attorney File # 17-913-30009 The Attorney above is acting as a debt collector and is attempting to collect a debt. Any information provided may be used for that purpose. ©Public Trustees’ Association of Colorado Revised 1/2015 COMBINED NOTICE - PUBLICATION CRS §38-38-103 FORECLOSURE SALE NO. EPC201700490 To Whom It May Concern: This Notice is given with regard to the following described Deed of Trust: On June 5, 2017, the undersigned Public Trustee caused the Notice of Election and Demand relating to the Deed of Trust described below to be recorded in the County of El Paso records. Original Grantor(s): JILL RENEE CHAFFIN Original Beneficiary(ies): PEOPLES MORTGAGE CORPORATION, a Colorado Corporation Current Holder of Evidence of Debt: WILMINGTON SAVINGS FUND SOCIETY, FSB, AS TRUSTEE FOR STANWICH MORTGAGE LOAN TRUST C Date of Deed of Trust: February 26, 2007 County of Recording: El Paso Recording Date of Deed of Trust: March 02, 2007 Recording Information (Reception No. and/or Book/Page No.): 207029535 Original Principal Amount: $86,224.00 Outstanding Principal Balance: $76,610.12 Pursuant to CRS §38-38-101(4)(i), you are hereby notified that the covenants of the deed of trust have been violated as follows: failure to pay principal and interest when due together with all other payments provided for in the evidence of debt secured by the deed of trust and other violations thereof. THE LIEN FORECLOSED MAY NOT BE A FIRST LIEN. SEE ATTACHED EXHIBIT A EXHIBIT A CONDOMINIUM UNIT D IN CONDOMINIUM BUILDING 3230, SIERRA POINTE CONDOMINIUMS (FORMERLY KNOWN AS SNAPFINGER WOODS CONDOMINIUMS), ACCORDING TO THE AMENDED CONDOMINIUM DECLARATION FOR SNAPFINGER WOODS CONDOMINIUMS, RECORDED ON JUNE 22, 1981 IN BOOK 2 AT PAGE 58, RECEPTION NO. 781667, IN THE RECORDS OF THE OFFICE OF THE CLERK AND RECORDER OF THE COUNTY OF EL PASO, COLORADO, AND AS DEFINED AND DESCRIBED IN THE AMENDED AND RESTATED CONDOMINIUM DECLARATION FOR SIERRA POINTE CONDOMINIUMS (FORMERLY KNOWN AS SNAPFINGER WOODS CONDOMINIUMS) RECORDED MAY 22, 1986 IN BOOK 5173 AT PAGE 1468, RECEPTION NO. 01399203, IN SAID RECORDS. COUNTY OF EL PASO, STATE OF COLORADO. Also known by street and number as: 3230-D VAN TEYLINGEN DRIVE, Colorado Springs, CO 80917. THE PROPERTY DESCRIBED HEREIN IS ALL OF THE PROPERTY CURRENTLY ENCUMBERED BY THE LIEN OF THE DEED OF TRUST. NOTICE OF SALE The current holder of the Evidence of Debt secured by the Deed of Trust, described herein, has filed Notice of Election and Demand for sale as provided by law and in said Deed of Trust. THEREFORE, Notice Is Hereby Given that I will at public auction, at 10:00 on Wednesday, 10/04/2017, at Robert Russel Building, 105 East Vermijo, Suite 120, Colorado Springs, Colorado, 80903, sell to the highest and best bidder for cash, the said real property and all interest of the said Grantor(s), Grantor(s)’ heirs and assigns therein, for the purpose of paying the indebtedness provided in said Evidence of Debt secured by the Deed of Trust, plus attorneys’ fees, the expenses of sale and other items allowed by law, and will issue to
the purchaser a Certificate of Purchase, all as provided by law. First Publication: 8/11/2017 Last Publication: 9/8/2017 Name of Publication: Colorado Springs Business Journal IF THE SALE DATE IS CONTINUED TO A LATER DATE, THE DEADLINE TO FILE A NOTICE OF INTENT TO CURE BY THOSE PARTIES ENTITLED TO CURE MAY ALSO BE EXTENDED; IF THE BORROWER BELIEVES THAT A LENDER OR SERVICER HAS VIOLATED THE REQUIREMENTS FOR A SINGLE POINT OF CONTACT IN SECTION 3838-103.1 OR THE PROHIBITION ON DUAL TRACKING IN SECTION 38-38103.2, THE BORROWER MAY FILE A COMPLAINT WITH THE COLORADO ATTORNEY GENERAL, THE FEDERAL CONSUMER FINANCIAL PROTECTION BUREAU (CFPB), OR BOTH. THE FILING OF A COMPLAINT WILL NOT STOP THE FORECLOSURE PROCESS. Colorado Attorney General 1300 Broadway, 10th Floor Denver, Colorado 80203 (800) 222-4444 www.coloradoattorneygeneral.gov Federal Consumer Financial Protection Bureau P.O. Box 4503 Iowa City, Iowa 52244 (855) 411-2372 www.consumerfinance.gov DATE: 06/05/2017 Thomas S. Mowle, Public Trustee in and for the County of El Paso, State of Colorado By: Thomas S. Mowle, Public Trustee The name, address, business telephone number and bar registration number of the attorney(s) representing the legal holder of the indebtedness is: Scott D. Toebben #19011 Randall S. Miller & Associates PC 216 16th Street, Suite 1210 Denver, CO 80202 (720) 259-6710 Attorney File # 15CO00393-8 The Attorney above is acting as a debt collector and is attempting to collect a debt. Any information provided may be used for that purpose. ©Public Trustees’ Association of Colorado Revised 1/2015 COMBINED NOTICE - PUBLICATION CRS §38-38-103 FORECLOSURE SALE NO. EPC201700492 To Whom It May Concern: This Notice is given with regard to the following described Deed of Trust: On June 5, 2017, the undersigned Public Trustee caused the Notice of Election and Demand relating to the Deed of Trust described below to be recorded in the County of El Paso records. Original Grantor(s): BARBARA T DENBOSKE Original Beneficiary(ies): WELLS FARGO BANK, N.A. Current Holder of Evidence of Debt: DEUTSCHE BANK NATIONAL TRUST COMPANY, AS TRUSTEE FOR ABFC 2005-WF1 TRUST, ABFC ASSET-BACKED CERTIFICATES, SERIES 2005-WF1 Date of Deed of Trust: December 30, 2004 County of Recording: El Paso Recording Date of Deed of Trust: January 11, 2005 Recording Information (Reception No. and/or Book/Page No.): 205005132 Re-Recording Information (Reception No. and/or Book/Page No.): 206010419 Re-Recording Date of Deed of Trust: January 25, 2006 Original Principal Amount: $144,400.00 Outstanding Principal Balance: $131,686.54 Pursuant to CRS §38-38-101(4)(i), you are hereby notified that the covenants of the deed of trust have been violated as follows: failure to pay principal and interest when due together with all other payments provided for in the evidence of debt secured by the deed of trust and other violations thereof. THE LIEN FORECLOSED MAY NOT BE A FIRST LIEN. LOT 11, IN BLOCK 2, PASEO ADDITION NO. 6 TO THE CITY OF COLORADO SPRINGS, EL PASO COUNTY, COLORADO, ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK W AT PAGE 30. Also known by street and number as: 2512 ALEXANDER ROAD, COLORADO SPRINGS, CO 80909. THE PROPERTY DESCRIBED HEREIN IS ALL OF THE PROPERTY CURRENTLY ENCUMBERED BY THE LIEN OF THE DEED OF TRUST. NOTICE OF SALE The current holder of the Evidence of Debt secured by the Deed of Trust, described herein, has filed Notice of Election and Demand for sale as provided by law and in said Deed of Trust.
THEREFORE, Notice Is Hereby Given that I will at public auction, at 10:00 on Wednesday, 10/04/2017, at Robert Russel Building, 105 East Vermijo, Suite 120, Colorado Springs, Colorado, 80903, sell to the highest and best bidder for cash, the said real property and all interest of the said Grantor(s), Grantor(s)’ heirs and assigns therein, for the purpose of paying the indebtedness provided in said Evidence of Debt secured by the Deed of Trust, plus attorneys’ fees, the expenses of sale and other items allowed by law, and will issue to the purchaser a Certificate of Purchase, all as provided by law. First Publication: 8/11/2017 Last Publication: 9/8/2017 Name of Publication: Colorado Springs Business Journal IF THE SALE DATE IS CONTINUED TO A LATER DATE, THE DEADLINE TO FILE A NOTICE OF INTENT TO CURE BY THOSE PARTIES ENTITLED TO CURE MAY ALSO BE EXTENDED; IF THE BORROWER BELIEVES THAT A LENDER OR SERVICER HAS VIOLATED THE REQUIREMENTS FOR A SINGLE POINT OF CONTACT IN SECTION 3838-103.1 OR THE PROHIBITION ON DUAL TRACKING IN SECTION 38-38103.2, THE BORROWER MAY FILE A COMPLAINT WITH THE COLORADO ATTORNEY GENERAL, THE FEDERAL CONSUMER FINANCIAL PROTECTION BUREAU (CFPB), OR BOTH. THE FILING OF A COMPLAINT WILL NOT STOP THE FORECLOSURE PROCESS. Colorado Attorney General 1300 Broadway, 10th Floor Denver, Colorado 80203 (800) 222-4444 www.coloradoattorneygeneral.gov Federal Consumer Financial Protection Bureau P.O. Box 4503 Iowa City, Iowa 52244 (855) 411-2372 www.consumerfinance.gov DATE: 06/05/2017 Thomas S. Mowle, Public Trustee in and for the County of El Paso, State of Colorado By: Thomas S. Mowle, Public Trustee The name, address, business telephone number and bar registration number of the attorney(s) representing the legal holder of the indebtedness is: Nicholas H. Santarelli #46592 JANEWAY LAW FIRM, P.C. 9800 S. Meridian Blvd., Suite 400 Englewood, CO 80112 (303) 706-9990 Attorney File # 17-015706 The Attorney above is acting as a debt collector and is attempting to collect a debt. Any information provided may be used for that purpose. ©Public Trustees’ Association of Colorado Revised 1/2015 COMBINED NOTICE - PUBLICATION CRS §38-38-103 FORECLOSURE SALE NO. EPC201700497 To Whom It May Concern: This Notice is given with regard to the following described Deed of Trust: On June 8, 2017, the undersigned Public Trustee caused the Notice of Election and Demand relating to the Deed of Trust described below to be recorded in the County of El Paso records. Original Grantor(s): JEREMY SIMON AND MELISSA SIMON Original Beneficiary(ies): MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC., ACTING SOLELY AS NOMINEE FOR LENDER,FREEDOM MORTGAGE CORPORATION Current Holder of Evidence of Debt: FREEDOM MORTGAGE CORPORATION Date of Deed of Trust: February 19, 2015 County of Recording: El Paso Recording Date of Deed of Trust: March 20, 2015 Recording Information (Reception No. and/or Book/Page No.): 215026579 Original Principal Amount: $176,171.00 Outstanding Principal Balance: $172,625.30 Pursuant to CRS §38-38-101(4)(i), you are hereby notified that the covenants of the deed of trust have been violated as follows: failure to pay principal and interest when due together with all other payments provided for in the evidence of debt secured by the deed of trust and other violations thereof. THE LIEN FORECLOSED MAY NOT BE A FIRST LIEN. LOT 22, IN BLOCK 2 IN PALMER PARK SUBDIVISION NO. 3, FILING NO. 6, IN THE CITY OF COLORADO SPRINGS, EL PASO COUNTY, COLORADO. Also known by street and number as: 3620 AGATE CIR, COLORADO SPRINGS, CO 80909. THE PROPERTY DESCRIBED HEREIN IS ALL OF THE PROPERTY CURRENTLY ENCUMBERED BY THE LIEN OF THE
DEED OF TRUST. NOTICE OF SALE The current holder of the Evidence of Debt secured by the Deed of Trust, described herein, has filed Notice of Election and Demand for sale as provided by law and in said Deed of Trust. THEREFORE, Notice Is Hereby Given that I will at public auction, at 10:00 on Wednesday, 10/11/2017, at Robert Russel Building, 105 East Vermijo, Suite 120, Colorado Springs, Colorado, 80903, sell to the highest and best bidder for cash, the said real property and all interest of the said Grantor(s), Grantor(s)’ heirs and assigns therein, for the purpose of paying the indebtedness provided in said Evidence of Debt secured by the Deed of Trust, plus attorneys’ fees, the expenses of sale and other items allowed by law, and will issue to the purchaser a Certificate of Purchase, all as provided by law. First Publication: 8/18/2017 Last Publication: 9/15/2017 Name of Publication: Colorado Springs Business Journal IF THE SALE DATE IS CONTINUED TO A LATER DATE, THE DEADLINE TO FILE A NOTICE OF INTENT TO CURE BY THOSE PARTIES ENTITLED TO CURE MAY ALSO BE EXTENDED; IF THE BORROWER BELIEVES THAT A LENDER OR SERVICER HAS VIOLATED THE REQUIREMENTS FOR A SINGLE POINT OF CONTACT IN SECTION 3838-103.1 OR THE PROHIBITION ON DUAL TRACKING IN SECTION 38-38103.2, THE BORROWER MAY FILE A COMPLAINT WITH THE COLORADO ATTORNEY GENERAL, THE FEDERAL CONSUMER FINANCIAL PROTECTION BUREAU (CFPB), OR BOTH. THE FILING OF A COMPLAINT WILL NOT STOP THE FORECLOSURE PROCESS. Colorado Attorney General 1300 Broadway, 10th Floor Denver, Colorado 80203 (800) 222-4444 www.coloradoattorneygeneral.gov Federal Consumer Financial Protection Bureau P.O. Box 4503 Iowa City, Iowa 52244 (855) 411-2372 www.consumerfinance.gov DATE: 06/08/2017 Thomas S. Mowle, Public Trustee in and for the County of El Paso, State of Colorado By: Thomas S. Mowle, Public Trustee The name, address, business telephone number and bar registration number of the attorney(s) representing the legal holder of the indebtedness is: Holly Ryan #32647 Medved Dale Decker & Deere, LLC 355 Union Blvd., Suite 250 Lakewood, CO 80228 (303) 274-0155 Attorney File # 17-125-30021 The Attorney above is acting as a debt collector and is attempting to collect a debt. Any information provided may be used for that purpose. ©Public Trustees’ Association of Colorado Revised 1/2015 COMBINED NOTICE - PUBLICATION CRS §38-38-103 FORECLOSURE SALE NO. EPC201700505 To Whom It May Concern: This Notice is given with regard to the following described Deed of Trust: On June 12, 2017, the undersigned Public Trustee caused the Notice of Election and Demand relating to the Deed of Trust described below to be recorded in the County of El Paso records. Original Grantor(s): RICHARD CARDENAS and SARAH CARDENAS Original Beneficiary(ies): Mortgage Electronic Registration Systems, Inc., as nominee for EVERETT FINANCIAL INC., dba SUPREME LENDING Current Holder of Evidence of Debt: BANK OF AMERICA, N.A. Date of Deed of Trust: October 30, 2009 County of Recording: El Paso Recording Date of Deed of Trust: November 10, 2009 Recording Information (Reception No. and/or Book/Page No.): 209130497 Original Principal Amount: $183,870.00 Outstanding Principal Balance: $171,987.73 Pursuant to CRS §38-38-101(4)(i), you are hereby notified that the covenants of the deed of trust have been violated as follows: failure to pay principal and interest when due together with all other payments provided for in the evidence of debt secured by the deed of trust and other violations thereof. THE LIEN FORECLOSED MAY NOT BE A FIRST LIEN. LOT 9, BLOCK 3, NORTHGLEN PARK SUBDIVISION, FILING 4, IN THE CITY OF COLORADO SPRINGS, COUNTY OF EL PASO, STATE OF COLORADO.
26 Sept. 8 - Sept. 14, 2017
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Colorado Springs Business Journal
PUBLIC NOTICES Also known by street and number as: 1502 MCKAY WAY, COLORADO SPRINGS, CO 80915. THE PROPERTY DESCRIBED HEREIN IS ALL OF THE PROPERTY CURRENTLY ENCUMBERED BY THE LIEN OF THE DEED OF TRUST. NOTICE OF SALE The current holder of the Evidence of Debt secured by the Deed of Trust, described herein, has filed Notice of Election and Demand for sale as provided by law and in said Deed of Trust. THEREFORE, Notice Is Hereby Given that I will at public auction, at 10:00 on Wednesday, 10/11/2017, at Robert Russel Building, 105 East Vermijo, Suite 120, Colorado Springs, Colorado, 80903, sell to the highest and best bidder for cash, the said real property and all interest of the said Grantor(s), Grantor(s)’ heirs and assigns therein, for the purpose of paying the indebtedness provided in said Evidence of Debt secured by the Deed of Trust, plus attorneys’ fees, the expenses of sale and other items allowed by law, and will issue to the purchaser a Certificate of Purchase, all as provided by law. First Publication: 8/18/2017 Last Publication: 9/15/2017 Name of Publication: Colorado Springs Business Journal IF THE SALE DATE IS CONTINUED TO A LATER DATE, THE DEADLINE TO FILE A NOTICE OF INTENT TO CURE BY THOSE PARTIES ENTITLED TO CURE MAY ALSO BE EXTENDED; IF THE BORROWER BELIEVES THAT A LENDER OR SERVICER HAS VIOLATED THE REQUIREMENTS FOR A SINGLE POINT OF CONTACT IN SECTION 3838-103.1 OR THE PROHIBITION ON DUAL TRACKING IN SECTION 38-38103.2, THE BORROWER MAY FILE A COMPLAINT WITH THE COLORADO ATTORNEY GENERAL, THE FEDERAL CONSUMER FINANCIAL PROTECTION BUREAU (CFPB), OR BOTH. THE FILING OF A COMPLAINT WILL NOT STOP THE FORECLOSURE PROCESS. Colorado Attorney General 1300 Broadway, 10th Floor Denver, Colorado 80203 (800) 222-4444 www.coloradoattorneygeneral.gov Federal Consumer Financial Protection Bureau P.O. Box 4503 Iowa City, Iowa 52244 (855) 411-2372 www.consumerfinance.gov DATE: 06/12/2017 Thomas S. Mowle, Public Trustee in and for the County of El Paso, State of Colorado By: Thomas S. Mowle, Public Trustee The name, address, business telephone number and bar registration number of the attorney(s) representing the legal holder of the indebtedness is: Scott D. Toebben #19011 Randall S. Miller & Associates PC 216 16th Street, Suite 1210 Denver, CO 80202 (720) 259-6710 Attorney File # 17CO00167-1 The Attorney above is acting as a debt collector and is attempting to collect a debt. Any information provided may be used for that purpose. ©Public Trustees’ Association of Colorado Revised 1/2015 COMBINED NOTICE - PUBLICATION CRS §38-38-103 FORECLOSURE SALE NO. EPC201700509 To Whom It May Concern: This Notice is given with regard to the following described Deed of Trust: On June 12, 2017, the undersigned Public Trustee caused the Notice of Election and Demand relating to the Deed of Trust described below to be recorded in the County of El Paso records. Original Grantor(s): ANITA GROSS and TERRY GROSS Original Beneficiary(ies): Mortgage Electronic Registration Systems, Inc. acting solely as nominee for MORTGAGEIT, INC Current Holder of Evidence of Debt: HSBC BANK USA, NATIONAL ASSOCIATION AS TRUSTEE FOR DEUTSCHE ALT-A SECURITIES, INC. MORTGAGE LOAN TRUST, SERIES 2006-AR6, MORTGAGE PASS-THROUGH CERTIFICATES Date of Deed of Trust: February 07, 2006 County of Recording: El Paso Recording Date of Deed of Trust: February 13, 2006 Recording Information (Reception No. and/or Book/Page No.): 206021981 Original Principal Amount: $164,000.00 Outstanding Principal Balance: $158,136.41 Pursuant to CRS §38-38-101(4)(i), you are hereby notified that the covenants of the deed of trust have been violated as follows: failure to pay principal and interest when due together with all other payments provided for in the evidence of debt secured by the deed of trust and other violations thereof. THE LIEN FORECLOSED MAY NOT BE A FIRST LIEN. LOT 4, BLOCK 13, CONSTITUTION HILLS NORTH FILING NO. 1, COUNTY OF EL PASO, STATE OF COLORADO. Also known by street and number as: 3025 RICHMOND DRIVE, COLORADO SPRINGS, CO 80922. THE PROPERTY DESCRIBED HEREIN IS ALL OF THE PROPERTY CURRENTLY
ENCUMBERED BY THE LIEN OF THE DEED OF TRUST. NOTICE OF SALE The current holder of the Evidence of Debt secured by the Deed of Trust, described herein, has filed Notice of Election and Demand for sale as provided by law and in said Deed of Trust. THEREFORE, Notice Is Hereby Given that I will at public auction, at 10:00 on Wednesday, 10/11/2017, at Robert Russel Building, 105 East Vermijo, Suite 120, Colorado Springs, Colorado, 80903, sell to the highest and best bidder for cash, the said real property and all interest of the said Grantor(s), Grantor(s)’ heirs and assigns therein, for the purpose of paying the indebtedness provided in said Evidence of Debt secured by the Deed of Trust, plus attorneys’ fees, the expenses of sale and other items allowed by law, and will issue to the purchaser a Certificate of Purchase, all as provided by law. First Publication: 8/18/2017 Last Publication: 9/15/2017 Name of Publication: Colorado Springs Business Journal IF THE SALE DATE IS CONTINUED TO A LATER DATE, THE DEADLINE TO FILE A NOTICE OF INTENT TO CURE BY THOSE PARTIES ENTITLED TO CURE MAY ALSO BE EXTENDED; IF THE BORROWER BELIEVES THAT A LENDER OR SERVICER HAS VIOLATED THE REQUIREMENTS FOR A SINGLE POINT OF CONTACT IN SECTION 3838-103.1 OR THE PROHIBITION ON DUAL TRACKING IN SECTION 38-38103.2, THE BORROWER MAY FILE A COMPLAINT WITH THE COLORADO ATTORNEY GENERAL, THE FEDERAL CONSUMER FINANCIAL PROTECTION BUREAU (CFPB), OR BOTH. THE FILING OF A COMPLAINT WILL NOT STOP THE FORECLOSURE PROCESS. Colorado Attorney General 1300 Broadway, 10th Floor Denver, Colorado 80203 (800) 222-4444 www.coloradoattorneygeneral.gov Federal Consumer Financial Protection Bureau P.O. Box 4503 Iowa City, Iowa 52244 (855) 411-2372 www.consumerfinance.gov DATE: 06/12/2017 Thomas S. Mowle, Public Trustee in and for the County of El Paso, State of Colorado By: Thomas S. Mowle, Public Trustee The name, address, business telephone number and bar registration number of the attorney(s) representing the legal holder of the indebtedness is: Nichole Williams #49611 Barrett Frappier & Weisserman, LLP 1199 Bannock Street Denver, CO 80204 (303) 350-3711 Attorney File # 00000006654693 The Attorney above is acting as a debt collector and is attempting to collect a debt. Any information provided may be used for that purpose. ©Public Trustees’ Association of Colorado Revised 1/2015 COMBINED NOTICE - PUBLICATION CRS §38-38-103 FORECLOSURE SALE NO. EPC201700520 To Whom It May Concern: This Notice is given with regard to the following described Deed of Trust: On June 15, 2017, the undersigned Public Trustee caused the Notice of Election and Demand relating to the Deed of Trust described below to be recorded in the County of El Paso records. Original Grantor(s): Travis M. Romero Original Beneficiary(ies): Mortgage Electronic Registration Systems, Inc. as nominee for Land Home Financial Services Current Holder of Evidence of Debt: Land Home Financial Services, Inc. Date of Deed of Trust: November 13, 2014 County of Recording: El Paso Recording Date of Deed of Trust: November 17, 2014 Recording Information (Reception No. and/or Book/Page No.): 214105434 Original Principal Amount: $96,224.00 Outstanding Principal Balance: $93,736.25 Pursuant to CRS §38-38-101(4)(i), you are hereby notified that the covenants of the deed of trust have been violated as follows: failure to pay principal and interest when due together with all other payments provided for in the evidence of debt secured by the deed of trust and other violations thereof. THE LIEN FORECLOSED MAY NOT BE A FIRST LIEN. LOT 20, HEARTHWOOD SUBDIVISION FILING NO. 1, IN THE CITY OF COLORADO SPRINGS, COUNTY OF EL PASO, STATE OF COLORADO. Also known by street and number as: 2704 HEARTHWOOD LANE, COLORADO SPRINGS, CO 80917. THE PROPERTY DESCRIBED HEREIN IS ALL OF THE PROPERTY CURRENTLY ENCUMBERED BY THE LIEN OF THE DEED OF TRUST. NOTICE OF SALE The current holder of the Evidence of Debt secured by the Deed of Trust, described herein, has filed Notice of Election and Demand for sale as provided by law and in said Deed of Trust. THEREFORE, Notice Is Hereby Given
that I will at public auction, at 10:00 on Wednesday, 10/18/2017, at Robert Russel Building, 105 East Vermijo, Suite 120, Colorado Springs, Colorado, 80903, sell to the highest and best bidder for cash, the said real property and all interest of the said Grantor(s), Grantor(s)’ heirs and assigns therein, for the purpose of paying the indebtedness provided in said Evidence of Debt secured by the Deed of Trust, plus attorneys’ fees, the expenses of sale and other items allowed by law, and will issue to the purchaser a Certificate of Purchase, all as provided by law. First Publication: 8/25/2017 Last Publication: 9/22/2017 Name of Publication: Colorado Springs Business Journal IF THE SALE DATE IS CONTINUED TO A LATER DATE, THE DEADLINE TO FILE A NOTICE OF INTENT TO CURE BY THOSE PARTIES ENTITLED TO CURE MAY ALSO BE EXTENDED; IF THE BORROWER BELIEVES THAT A LENDER OR SERVICER HAS VIOLATED THE REQUIREMENTS FOR A SINGLE POINT OF CONTACT IN SECTION 3838-103.1 OR THE PROHIBITION ON DUAL TRACKING IN SECTION 38-38103.2, THE BORROWER MAY FILE A COMPLAINT WITH THE COLORADO ATTORNEY GENERAL, THE FEDERAL CONSUMER FINANCIAL PROTECTION BUREAU (CFPB), OR BOTH. THE FILING OF A COMPLAINT WILL NOT STOP THE FORECLOSURE PROCESS. Colorado Attorney General 1300 Broadway, 10th Floor Denver, Colorado 80203 (800) 222-4444 www.coloradoattorneygeneral.gov Federal Consumer Financial Protection Bureau P.O. Box 4503 Iowa City, Iowa 52244 (855) 411-2372 www.consumerfinance.gov DATE: 06/15/2017 Thomas S. Mowle, Public Trustee in and for the County of El Paso, State of Colorado By: Thomas S. Mowle, Public Trustee The name, address, business telephone number and bar registration number of the attorney(s) representing the legal holder of the indebtedness is: Matthew Ryan Sullivan #39728 Messner Reeves LLP 1430 Wynkoop Street, Suite 300 Denver, CO 80202 (303) 623-1800 Attorney File # 7729.0104 The Attorney above is acting as a debt collector and is attempting to collect a debt. Any information provided may be used for that purpose. ©Public Trustees’ Association of Colorado Revised 1/2015 COMBINED NOTICE - PUBLICATION CRS §38-38-103 FORECLOSURE SALE NO. EPC201700521 To Whom It May Concern: This Notice is given with regard to the following described Deed of Trust: On June 16, 2017, the undersigned Public Trustee caused the Notice of Election and Demand relating to the Deed of Trust described below to be recorded in the County of El Paso records. Original Grantor(s): RONNIE L. HUTCHISON and TIFFANY L. HUTCHISON Original Beneficiary(ies): Mortgage Electronic Registration Systems, Inc. as nominee for PEOPLES MORTGAGE CORPORATION, ITS SUCCESSORS AND ASSIGNS Current Holder of Evidence of Debt: COLORADO HOUSING AND FINANCE AUTHORITY Date of Deed of Trust: March 22, 2010 County of Recording: El Paso Recording Date of Deed of Trust: March 26, 2010 Recording Information (Reception No. and/or Book/Page No.): 210028334 Original Principal Amount: $152,192.00 Outstanding Principal Balance: $153,358.07 Pursuant to CRS §38-38-101(4)(i), you are hereby notified that the covenants of the deed of trust have been violated as follows: failure to pay principal and interest when due together with all other payments provided for in the evidence of debt secured by the deed of trust and other violations thereof. THE LIEN FORECLOSED MAY NOT BE A FIRST LIEN. LOT 1, IN BLOCK 3, HOLLY HILLS FILING NUMBER 2, IN THE CITY OF COLORADO SPRINGS, EL PASO COUNTY, COLORADO, ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK P-2 AT PAGE 39. Also known by street and number as: CO 80917. THE PROPERTY DESCRIBED HEREIN IS ALL OF THE PROPERTY CURRENTLY ENCUMBERED BY THE LIEN OF THE DEED OF TRUST. NOTICE OF SALE The current holder of the Evidence of Debt secured by the Deed of Trust, described herein, has filed Notice of Election and Demand for sale as provided by law and in said Deed of Trust. THEREFORE, Notice Is Hereby Given that I will at public auction, at 10:00 on Wednesday, 10/18/2017, at Robert Russel Building, 105 East Vermijo, Suite 120, Colorado Springs, Colorado, 80903, sell to the highest and best bidder for cash,
the said real property and all interest of the said Grantor(s), Grantor(s)’ heirs and assigns therein, for the purpose of paying the indebtedness provided in said Evidence of Debt secured by the Deed of Trust, plus attorneys’ fees, the expenses of sale and other items allowed by law, and will issue to the purchaser a Certificate of Purchase, all as provided by law. First Publication: 8/25/2017 Last Publication: 9/22/2017 Name of Publication: Colorado Springs Business Journal IF THE SALE DATE IS CONTINUED TO A LATER DATE, THE DEADLINE TO FILE A NOTICE OF INTENT TO CURE BY THOSE PARTIES ENTITLED TO CURE MAY ALSO BE EXTENDED; IF THE BORROWER BELIEVES THAT A LENDER OR SERVICER HAS VIOLATED THE REQUIREMENTS FOR A SINGLE POINT OF CONTACT IN SECTION 3838-103.1 OR THE PROHIBITION ON DUAL TRACKING IN SECTION 38-38103.2, THE BORROWER MAY FILE A COMPLAINT WITH THE COLORADO ATTORNEY GENERAL, THE FEDERAL CONSUMER FINANCIAL PROTECTION BUREAU (CFPB), OR BOTH. THE FILING OF A COMPLAINT WILL NOT STOP THE FORECLOSURE PROCESS. Colorado Attorney General 1300 Broadway, 10th Floor Denver, Colorado 80203 (800) 222-4444 www.coloradoattorneygeneral.gov Federal Consumer Financial Protection Bureau P.O. Box 4503 Iowa City, Iowa 52244 (855) 411-2372 www.consumerfinance.gov DATE: 06/16/2017 Thomas S. Mowle, Public Trustee in and for the County of El Paso, State of Colorado By: Thomas S. Mowle, Public Trustee The name, address, business telephone number and bar registration number of the attorney(s) representing the legal holder of the indebtedness is: David R. Doughty #40042 JANEWAY LAW FIRM, P.C. 9800 S. Meridian Blvd., Suite 400 Englewood, CO 80112 (303) 706-9990 Attorney File # 17-015872 The Attorney above is acting as a debt collector and is attempting to collect a debt. Any information provided may be used for that purpose. ©Public Trustees’ Association of Colorado Revised 1/2015 COMBINED NOTICE - PUBLICATION CRS §38-38-103 FORECLOSURE SALE NO. EPC201700522 To Whom It May Concern: This Notice is given with regard to the following described Deed of Trust: On June 16, 2017, the undersigned Public Trustee caused the Notice of Election and Demand relating to the Deed of Trust described below to be recorded in the County of El Paso records. Original Grantor(s): SAMUEL F. GORDON III Original Beneficiary(ies): Mortgage Electronic Registration Systems, Inc. as nominee for BROKER SOLUTIONS, INC.DBA NEW AMERICAN FUNDING, its successors and assigns Current Holder of Evidence of Debt: BROKER SOLUTIONS, INC. DBA NEW AMERICAN FUNDING Date of Deed of Trust: February 10, 2016 County of Recording: El Paso Recording Date of Deed of Trust: February 19, 2016 Recording Information (Reception No. and/or Book/Page No.): 216016679 Original Principal Amount: $320,230.00 Outstanding Principal Balance: $316,495.47 Pursuant to CRS §38-38-101(4)(i), you are hereby notified that the covenants of the deed of trust have been violated as follows: failure to pay principal and interest when due together with all other payments provided for in the evidence of debt secured by the deed of trust and other violations thereof. THE LIEN FORECLOSED MAY NOT BE A FIRST LIEN. LOT 54, STARWATCH FILING NO. 2, COUNTY OF EL PASO, STATE OF COLORADO. Also known by street and number as: 5245 QUASAR COURT, COLORADO SPRINGS, CO 80917. THE PROPERTY DESCRIBED HEREIN IS ALL OF THE PROPERTY CURRENTLY ENCUMBERED BY THE LIEN OF THE DEED OF TRUST. NOTICE OF SALE The current holder of the Evidence of Debt secured by the Deed of Trust, described herein, has filed Notice of Election and Demand for sale as provided by law and in said Deed of Trust. THEREFORE, Notice Is Hereby Given that I will at public auction, at 10:00 on Wednesday, 10/18/2017, at Robert Russel Building, 105 East Vermijo, Suite 120, Colorado Springs, Colorado, 80903, sell to the highest and best bidder for cash, the said real property and all interest of the said Grantor(s), Grantor(s)’ heirs and assigns therein, for the purpose of paying the indebtedness provided in said Evidence of Debt secured by the Deed of Trust, plus attorneys’ fees, the expenses of sale and other items allowed by law, and will issue to the purchaser a Certificate of Purchase, all
as provided by law. First Publication: 8/25/2017 Last Publication: 9/22/2017 Name of Publication: Colorado Springs Business Journal IF THE SALE DATE IS CONTINUED TO A LATER DATE, THE DEADLINE TO FILE A NOTICE OF INTENT TO CURE BY THOSE PARTIES ENTITLED TO CURE MAY ALSO BE EXTENDED; IF THE BORROWER BELIEVES THAT A LENDER OR SERVICER HAS VIOLATED THE REQUIREMENTS FOR A SINGLE POINT OF CONTACT IN SECTION 3838-103.1 OR THE PROHIBITION ON DUAL TRACKING IN SECTION 38-38103.2, THE BORROWER MAY FILE A COMPLAINT WITH THE COLORADO ATTORNEY GENERAL, THE FEDERAL CONSUMER FINANCIAL PROTECTION BUREAU (CFPB), OR BOTH. THE FILING OF A COMPLAINT WILL NOT STOP THE FORECLOSURE PROCESS. Colorado Attorney General 1300 Broadway, 10th Floor Denver, Colorado 80203 (800) 222-4444 www.coloradoattorneygeneral.gov Federal Consumer Financial Protection Bureau P.O. Box 4503 Iowa City, Iowa 52244 (855) 411-2372 www.consumerfinance.gov DATE: 06/16/2017 Thomas S. Mowle, Public Trustee in and for the County of El Paso, State of Colorado By: Thomas S. Mowle, Public Trustee The name, address, business telephone number and bar registration number of the attorney(s) representing the legal holder of the indebtedness is: Alison L. Berry #34531 JANEWAY LAW FIRM, P.C. 9800 S. Meridian Blvd., Suite 400 Englewood, CO 80112 (303) 706-9990 Attorney File # 17-015848 The Attorney above is acting as a debt collector and is attempting to collect a debt. Any information provided may be used for that purpose. ©Public Trustees’ Association of Colorado Revised 1/2015 COMBINED NOTICE - PUBLICATION CRS §38-38-103 FORECLOSURE SALE NO. EPC201700523 To Whom It May Concern: This Notice is given with regard to the following described Deed of Trust: On June 16, 2017, the undersigned Public Trustee caused the Notice of Election and Demand relating to the Deed of Trust described below to be recorded in the County of El Paso records. Original Grantor(s): HAMMARLUND A LOW Original Beneficiary(ies): Mortgage Electronic Registration Systems, Inc., acting solely as nominee for UNIVERSAL AMERICAN MORTGAGE COMPANY, LLC Current Holder of Evidence of Debt: BANK OF AMERICA, N.A. Date of Deed of Trust: October 29, 2002 County of Recording: El Paso Recording Date of Deed of Trust: November 06, 2002 Recording Information (Reception No. and/or Book/Page No.): 202194401 Original Principal Amount: $239,994.00 Outstanding Principal Balance: $213,227.14 Pursuant to CRS §38-38-101(4)(i), you are hereby notified that the covenants of the deed of trust have been violated as follows: failure to pay principal and interest when due together with all other payments provided for in the evidence of debt secured by the deed of trust and other violations thereof. THE LIEN FORECLOSED MAY NOT BE A FIRST LIEN. LOT 44, STETSON HILLS SUBDIVISION FILING 31 IN THE CITY OF COLORADO SPRINGS COUNTY OF EL PASO, STATE OF COLORADO Also known by street and number as: 5164 LONE STAR PLACE, COLORADO SPRINGS, CO 80922. THE PROPERTY DESCRIBED HEREIN IS ALL OF THE PROPERTY CURRENTLY ENCUMBERED BY THE LIEN OF THE DEED OF TRUST. NOTICE OF SALE The current holder of the Evidence of Debt secured by the Deed of Trust, described herein, has filed Notice of Election and Demand for sale as provided by law and in said Deed of Trust. THEREFORE, Notice Is Hereby Given that I will at public auction, at 10:00 on Wednesday, 10/18/2017, at Robert Russel Building, 105 East Vermijo, Suite 120, Colorado Springs, Colorado, 80903, sell to the highest and best bidder for cash, the said real property and all interest of the said Grantor(s), Grantor(s)’ heirs and assigns therein, for the purpose of paying the indebtedness provided in said Evidence of Debt secured by the Deed of Trust, plus attorneys’ fees, the expenses of sale and other items allowed by law, and will issue to the purchaser a Certificate of Purchase, all as provided by law. First Publication: 8/25/2017 Last Publication: 9/22/2017 Name of Publication: Colorado Springs Business Journal IF THE SALE DATE IS CONTINUED TO A LATER DATE, THE DEADLINE TO FILE A NOTICE OF INTENT TO CURE BY
THOSE PARTIES ENTITLED TO CURE MAY ALSO BE EXTENDED; IF THE BORROWER BELIEVES THAT A LENDER OR SERVICER HAS VIOLATED THE REQUIREMENTS FOR A SINGLE POINT OF CONTACT IN SECTION 3838-103.1 OR THE PROHIBITION ON DUAL TRACKING IN SECTION 38-38103.2, THE BORROWER MAY FILE A COMPLAINT WITH THE COLORADO ATTORNEY GENERAL, THE FEDERAL CONSUMER FINANCIAL PROTECTION BUREAU (CFPB), OR BOTH. THE FILING OF A COMPLAINT WILL NOT STOP THE FORECLOSURE PROCESS. Colorado Attorney General 1300 Broadway, 10th Floor Denver, Colorado 80203 (800) 222-4444 www.coloradoattorneygeneral.gov Federal Consumer Financial Protection Bureau P.O. Box 4503 Iowa City, Iowa 52244 (855) 411-2372 www.consumerfinance.gov DATE: 06/16/2017 Thomas S. Mowle, Public Trustee in and for the County of El Paso, State of Colorado By: Thomas S. Mowle, Public Trustee The name, address, business telephone number and bar registration number of the attorney(s) representing the legal holder of the indebtedness is: Nichole Williams #49611 Barrett Frappier & Weisserman, LLP 1199 Bannock Street Denver, CO 80204 (303) 350-3711 Attorney File # 00000006775100 The Attorney above is acting as a debt collector and is attempting to collect a debt. Any information provided may be used for that purpose. ©Public Trustees’ Association of Colorado Revised 1/2015 COMBINED NOTICE - PUBLICATION CRS §38-38-103 FORECLOSURE SALE NO. EPC201700524 To Whom It May Concern: This Notice is given with regard to the following described Deed of Trust: On June 16, 2017, the undersigned Public Trustee caused the Notice of Election and Demand relating to the Deed of Trust described below to be recorded in the County of El Paso records. Original Grantor(s): ROSS FONTECCHIO and CANDICE FONTECCHIO Original Beneficiary(ies): Mortgage Electronic Registration Systems, Inc., acting solely as nominee for EQUIFIRST CORPORATION Current Holder of Evidence of Debt: WELLS FARGO BANK, N.A., AS TRUSTEE FOR CARRINGTON MORTGAGE LOAN TRUST, SERIES 2007RFC1, ASSET-BACKED PASS-THROUGH CERTIFICATES Date of Deed of Trust: September 20, 2006 County of Recording: El Paso Recording Date of Deed of Trust: September 28, 2006 Recording Information (Reception No. and/or Book/Page No.): 206143133 Original Principal Amount: $188,000.00 Outstanding Principal Balance: $209,189.72 Pursuant to CRS §38-38-101(4)(i), you are hereby notified that the covenants of the deed of trust have been violated as follows: failure to pay principal and interest when due together with all other payments provided for in the evidence of debt secured by the deed of trust and other violations thereof. THE LIEN FORECLOSED MAY NOT BE A FIRST LIEN. LOT 27, BLOCK 1, OLD FARM SUBDIVISION FILING NO. 2, IN THE CITY OF COLORADO SPRINGS, COUNTY OF EL PASO, STATE OF COLORADO. *PURSUANT TO LOAN MODIFICATION AGREEMENT DATED FEBRUARY 22, 2013. Also known by street and number as: 4972 HORSESHOE BEND STREET, COLORADO SPRINGS, CO 80917. THE PROPERTY DESCRIBED HEREIN IS ALL OF THE PROPERTY CURRENTLY ENCUMBERED BY THE LIEN OF THE DEED OF TRUST. NOTICE OF SALE The current holder of the Evidence of Debt secured by the Deed of Trust, described herein, has filed Notice of Election and Demand for sale as provided by law and in said Deed of Trust. THEREFORE, Notice Is Hereby Given that I will at public auction, at 10:00 on Wednesday, 10/18/2017, at Robert Russel Building, 105 East Vermijo, Suite 120, Colorado Springs, Colorado, 80903, sell to the highest and best bidder for cash, the said real property and all interest of the said Grantor(s), Grantor(s)’ heirs and assigns therein, for the purpose of paying the indebtedness provided in said Evidence of Debt secured by the Deed of Trust, plus attorneys’ fees, the expenses of sale and other items allowed by law, and will issue to the purchaser a Certificate of Purchase, all as provided by law. First Publication: 8/25/2017 Last Publication: 9/22/2017 Name of Publication: Colorado Springs Business Journal IF THE SALE DATE IS CONTINUED TO A LATER DATE, THE DEADLINE TO FILE A NOTICE OF INTENT TO CURE BY THOSE PARTIES ENTITLED TO CURE
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PUBLIC NOTICES MAY ALSO BE EXTENDED; IF THE BORROWER BELIEVES THAT A LENDER OR SERVICER HAS VIOLATED THE REQUIREMENTS FOR A SINGLE POINT OF CONTACT IN SECTION 3838-103.1 OR THE PROHIBITION ON DUAL TRACKING IN SECTION 38-38103.2, THE BORROWER MAY FILE A COMPLAINT WITH THE COLORADO ATTORNEY GENERAL, THE FEDERAL CONSUMER FINANCIAL PROTECTION BUREAU (CFPB), OR BOTH. THE FILING OF A COMPLAINT WILL NOT STOP THE FORECLOSURE PROCESS. Colorado Attorney General 1300 Broadway, 10th Floor Denver, Colorado 80203 (800) 222-4444 www.coloradoattorneygeneral.gov Federal Consumer Financial Protection Bureau P.O. Box 4503 Iowa City, Iowa 52244 (855) 411-2372 www.consumerfinance.gov DATE: 06/16/2017 Thomas S. Mowle, Public Trustee in and for the County of El Paso, State of Colorado By: Thomas S. Mowle, Public Trustee The name, address, business telephone number and bar registration number of the attorney(s) representing the legal holder of the indebtedness is: Nichole Williams #49611 Barrett Frappier & Weisserman, LLP 1199 Bannock Street Denver, CO 80204 (303) 350-3711 Attorney File # 00000006810626 The Attorney above is acting as a debt collector and is attempting to collect a debt. Any information provided may be used for that purpose. ©Public Trustees’ Association of Colorado Revised 1/2015 COMBINED NOTICE - PUBLICATION CRS §38-38-103 FORECLOSURE SALE NO. EPC201700541 To Whom It May Concern: This Notice is given with regard to the following described Deed of Trust: On June 23, 2017, the undersigned Public Trustee caused the Notice of Election and Demand relating to the Deed of Trust described below to be recorded in the County of El Paso records. Original Grantor(s): PETER D GONNELLA Original Beneficiary(ies): Mortgage Electronic Registration Systems, Inc., acting solely as nominee for CITIMORTGAGE, INC. Current Holder of Evidence of Debt: PROF-2013-S3 LEGAL TITLE TRUST II, BY U.S. BANK NATIONAL ASSOCIATION, AS LEGAL TITLE TRUSTEE Date of Deed of Trust: January 31, 2007 County of Recording: El Paso Recording Date of Deed of Trust: February 05, 2007 Recording Information (Reception No. and/or Book/Page No.): 207016957 Original Principal Amount: $105,600.00 Outstanding Principal Balance: $91,675.37 Pursuant to CRS §38-38-101(4)(i), you are hereby notified that the covenants of the deed of trust have been violated as follows: failure to pay principal and interest when due together with all other payments provided for in the evidence of debt secured by the deed of trust and other violations thereof. THE LIEN FORECLOSED MAY NOT BE A FIRST LIEN. PLEASE SEE ATTACHED LEGAL DESCRIPTION EPC201700541 LEGAL DESCRIPTION Condominium Unit 27, in Sand Creek Commons – a Condominium Community, according to the Declaration thereof filed for record in the Records of the Office of the Clerk and Recorder of El Paso County, State of Colorado, on April 12, 2000, In Reception No. 200040026, and as subsequently Amended, and as defined and described in the Condominium Map for Sand Creek Commons Condominiums Phase 5A recorded on April 17, 2001 in Reception No. 201047896, in said records, County of El Paso, State of Colorado. Also known by street and number as: 455 KITFIELD VIEW #27, CO SPGS, CO 809221659. THE PROPERTY DESCRIBED HEREIN IS ALL OF THE PROPERTY CURRENTLY ENCUMBERED BY THE LIEN OF THE DEED OF TRUST. NOTICE OF SALE The current holder of the Evidence of Debt secured by the Deed of Trust, described herein, has filed Notice of Election and Demand for sale as provided by law and in said Deed of Trust. THEREFORE, Notice Is Hereby Given that I will at public auction, at 10:00 on Wednesday, 10/25/2017, at Robert Russel Building, 105 East Vermijo, Suite 120, Colorado Springs, Colorado, 80903, sell to the highest and best bidder for cash, the said real property and all interest of the said Grantor(s), Grantor(s)’ heirs and assigns therein, for the purpose of paying the indebtedness provided in said Evidence of Debt secured by the Deed of Trust, plus attorneys’ fees, the expenses of sale and other items allowed by law, and will issue to the purchaser a Certificate of Purchase, all as provided by law. First Publication: 9/1/2017 Last Publication: 9/29/2017
Name of Publication: Colorado Springs Business Journal IF THE SALE DATE IS CONTINUED TO A LATER DATE, THE DEADLINE TO FILE A NOTICE OF INTENT TO CURE BY THOSE PARTIES ENTITLED TO CURE MAY ALSO BE EXTENDED; IF THE BORROWER BELIEVES THAT A LENDER OR SERVICER HAS VIOLATED THE REQUIREMENTS FOR A SINGLE POINT OF CONTACT IN SECTION 3838-103.1 OR THE PROHIBITION ON DUAL TRACKING IN SECTION 38-38103.2, THE BORROWER MAY FILE A COMPLAINT WITH THE COLORADO ATTORNEY GENERAL, THE FEDERAL CONSUMER FINANCIAL PROTECTION BUREAU (CFPB), OR BOTH. THE FILING OF A COMPLAINT WILL NOT STOP THE FORECLOSURE PROCESS. Colorado Attorney General 1300 Broadway, 10th Floor Denver, Colorado 80203 (800) 222-4444 www.coloradoattorneygeneral.gov Federal Consumer Financial Protection Bureau P.O. Box 4503 Iowa City, Iowa 52244 (855) 411-2372 www.consumerfinance.gov DATE: 06/23/2017 Thomas S. Mowle, Public Trustee in and for the County of El Paso, State of Colorado By: Thomas S. Mowle, Public Trustee The name, address, business telephone number and bar registration number of the attorney(s) representing the legal holder of the indebtedness is: Nichole Williams #49611 Barrett Frappier & Weisserman, LLP 1199 Bannock Street Denver, CO 80204 (303) 350-3711 Attorney File # 00000006567564 The Attorney above is acting as a debt collector and is attempting to collect a debt. Any information provided may be used for that purpose. ©Public Trustees’ Association of Colorado Revised 1/2015 COMBINED NOTICE - PUBLICATION CRS §38-38-103 FORECLOSURE SALE NO. EPC201700555 To Whom It May Concern: This Notice is given with regard to the following described Deed of Trust: On June 30, 2017, the undersigned Public Trustee caused the Notice of Election and Demand relating to the Deed of Trust described below to be recorded in the County of El Paso records. Original Grantor(s): SHAINE M MONTGOMERY Original Beneficiary(ies): Mortgage Electronic Registration Systems, Inc. as nominee for STEARNS LENDING, LLC, its successors and assigns Current Holder of Evidence of Debt: STEARNS LENDING, LLC Date of Deed of Trust: December 24, 2014 County of Recording: El Paso Recording Date of Deed of Trust: December 26, 2014 Recording Information (Reception No. and/or Book/Page No.): 214119017 Original Principal Amount: $199,224.00 Outstanding Principal Balance: $139,880.02 Pursuant to CRS §38-38-101(4)(i), you are hereby notified that the covenants of the deed of trust have been violated as follows: failure to pay principal and interest when due together with all other payments provided for in the evidence of debt secured by the deed of trust and other violations thereof. THE LIEN FORECLOSED MAY NOT BE A FIRST LIEN. LOT 1, IN BLOCK 8, IN SUNDOWN SUBDIVISION FILING NO. 15, COUNTY OF EL PASO, STATE OF COLORADO. Also known by street and number as: 5803 GRANBY HILL DR, COLORADO SPRINGS, CO 80923. THE PROPERTY DESCRIBED HEREIN IS ALL OF THE PROPERTY CURRENTLY ENCUMBERED BY THE LIEN OF THE DEED OF TRUST. NOTICE OF SALE The current holder of the Evidence of Debt secured by the Deed of Trust, described herein, has filed Notice of Election and Demand for sale as provided by law and in said Deed of Trust. THEREFORE, Notice Is Hereby Given that I will at public auction, at 10:00 on Wednesday, 11/01/2017, at Robert Russel Building, 105 East Vermijo, Suite 120, Colorado Springs, Colorado, 80903, sell to the highest and best bidder for cash, the said real property and all interest of the said Grantor(s), Grantor(s)’ heirs and assigns therein, for the purpose of paying the indebtedness provided in said Evidence of Debt secured by the Deed of Trust, plus attorneys’ fees, the expenses of sale and other items allowed by law, and will issue to the purchaser a Certificate of Purchase, all as provided by law. First Publication: 9/8/2017 Last Publication: 10/6/2017 Name of Publication: Colorado Springs Business Journal IF THE SALE DATE IS CONTINUED TO A LATER DATE, THE DEADLINE TO FILE A NOTICE OF INTENT TO CURE BY THOSE PARTIES ENTITLED TO CURE MAY ALSO BE EXTENDED; IF THE BORROWER BELIEVES THAT A LENDER OR SERVICER HAS VIOLATED THE REQUIREMENTS FOR A SINGLE
Sept. 8 - Sept. 14, 2017
27
GIVING POWER TO THE PEOPLE
POINT OF CONTACT IN SECTION 3838-103.1 OR THE PROHIBITION ON DUAL TRACKING IN SECTION 38-38103.2, THE BORROWER MAY FILE A COMPLAINT WITH THE COLORADO ATTORNEY GENERAL, THE FEDERAL CONSUMER FINANCIAL PROTECTION BUREAU (CFPB), OR BOTH. THE FILING OF A COMPLAINT WILL NOT STOP THE FORECLOSURE PROCESS. Colorado Attorney General 1300 Broadway, 10th Floor Denver, Colorado 80203 (800) 222-4444 www.coloradoattorneygeneral.gov Federal Consumer Financial Protection Bureau P.O. Box 4503 Iowa City, Iowa 52244 (855) 411-2372 www.consumerfinance.gov DATE: 06/30/2017 Thomas S. Mowle, Public Trustee in and for the County of El Paso, State of Colorado By: Thomas S. Mowle, Public Trustee The name, address, business telephone number and bar registration number of the attorney(s) representing the legal holder of the indebtedness is: Nicholas H. Santarelli #46592 JANEWAY LAW FIRM, P.C. 9800 S. Meridian Blvd., Suite 400 Englewood, CO 80112 (303) 706-9990 Attorney File # 17-015829 The Attorney above is acting as a debt collector and is attempting to collect a debt. Any information provided may be used for that purpose. ©Public Trustees’ Association of Colorado Revised 1/2015 NOTICE OF UNCLAIMED OVERBID FUNDS CRS 38-38-111(2.5b)(3a,b,d)(5) PUBLIC TRUSTEE SALE NO. EPC201700007 To: Record Owner of the property as of the recording of the Notice of Election and Demand or other person entitled. You are advised that there are overbid funds due you. This Notice is given with regard to the following described Deed of Trust and Notice of Election and Demand: Name of Record Owner as evidenced on the Notice of Election and Demand or other person entitled: JEFFREY E. CARR Address of Record Owner as evidenced on the recorded instrument evidencing the owner’s interest: 2531 SIERRA DRIVE, COLORADO SPRINGS, CO 80917 Recording Date of Deed of Trust: October 16, 2009 Recording Information: 209121142 Recording Date of Notice of Election and Demand: January 04, 2017 Recording Information of Notice of Election and Demand: 217000627 Legal Description of Property LOT 2, BLOCK 3, VILLA LOMA SUBDIVISION FILING NO. 7, EL PASO COUNTY, COLORADO. Street Address of Property 2531 SIERRA DRIVE, COLORADO SPRINGS, CO 80917 NOTICE OF UNCLAIMED OVERBID FUNDS I sold at public auction, at 10:00 on 5/3/17, at Robert Russel Building, 105 East Vermijo, Suite 120, Colorado Springs, Colorado, 80903, to the highest and best bidder for cash, the real property described above. An overbid was realized from the sale and, unless the funds are claimed by the owner or other persons entitled thereto within six months from the date of sale, the funds due to you will be transferred to the general fund of the County of El Paso, State of Colorado, or to the State Treasurer as part of the “Unclaimed Property Act”, pursuant to Colorado law. Date: 7/18/17 Thomas S. Mowle, Public Trustee in and for the County of El Paso, State of Colorado By: Thomas S. Mowle, Public Trustee ©Public Trustees’ Association of Colorado Revised 9/2012
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