2012 Ends with Property-Buying Boom

DISCOVERIES BANKING & FINANCE NREL scientists team up Wealth-management firms on alternative fuel project walk capital gains tightrope 10A 11A $1 Volume 32 Issue 2 | Jan. 18 - 31, 2013 2012 ends with property-buying boom BY MICHAEL DAVIDSON several multimillion dollar deals, [email protected] Commercial investors complete the largest being University of Colo- rado Health’s $23.9 million pur- BOULDER — The year 2012 chase of land for a new facility. ended with a December to remem- flurry of big deals in December Unsurprisingly, the list of the big- ber for investors in commercial and gest deals was dominated by sales of multifamily real estate in Boulder by SKLD Title Services Inc., 23 $1 million each. Together, the deals apartment properties. and Broomfield counties. commercial or multifamily hous- were worth more than $163 mil- The biggest deal, the sale of the According to Boulder County ing properties were sold in Boulder lion. Prana Apartments in Lafayette for property records and data supplied County in December for more than Broomfield County also posted ➤ See Boom, 9A

Help wanted Startup hub helps those offering — and seeking — tech jobs Bills target business climate change BY MICHAEL DAVIDSON [email protected]

DENVER — For a state with a reputation for being business- friendly, Colorado officials and lawmakers feel they lack the ﬁnan- cial incentives and assistance programs many other states can offer companies. In the next four months, legislators in the Colorado Gen- eral Assembly will attempt to change that. JONATHAN CASTNER The assembly opened its 2013 Luke Beatty, co-managing director of TechStars Boulder, addresses a recent event staged in response to recent layoffs session Jan. 9 and is to adjourn May in Boulder’s tech community. “There are a lot of people looking for their next gig,” Beatty said, “and there are a lot of 8. Among the scores of bills sub- people looking for the next great person for their company.” See story, 6A. mitted during its opening days are ➤ See BIlls, 8A

CONTENTS Serving Boulder & Broomﬁeld Counties Awards ...... 23A For the Record ...... 20A Visit bcbr.com for breaking news Bank Notes ...... 12A Legislative Preview ...... 7A BCBRdaily ...... 2A Nonproﬁt Network ...... 22A Business Digest ...... 22A On the Job ...... 23A Calendar ...... 23A Publisher’s Notebook ...... 26A Editorial ...... 26A Real Estate ...... 24A Eye ...... 3A Sales Smarts ...... 18A

LISTS Certiﬁed Public Accountants ...... 13A SBA Lenders ...... 14A 2A | Jan. 18-31, 2013 Boulder County Business Report | www.bcbr.com Holding ﬁrm completes buy of Mile High Banks Editor’s note: The following is a wrap- brand, Allen has said in the past. an interim successor who would serve up of breaking local business stories BCBR Opinion Poll Strategic Growth Bancorp is a bank at least until the 2014 election. Our online question: published daily on the Boulder County holding company. At the chamber, Tayer succeeded 100

How10 will you20 approach30 40 your50 job 60 status70 80 90

Business Report’s website. Sign up 0 The bank operated under federal Susan Graf, who resigned in May after in 2013? for our free BCBRdaily, an all local regulatory supervision for about a more than eight years at the organi- e-news report sent to your email each year, after the Federal Deposit Insur- zation’s helm. He had served on its I like my job weekday. Just click on “Register for ance Corp. issued a “supervisory board of directors and was a spokes- and will stay put E-Newsletters” at www.BCBR.com. prompt correction action directive” man for Corden Pharma Colorado 43% calling for the bank to find more Inc. (previously Roche Colorado) for BY BUSINESS REPORT STAFF capital. more than a decade. I have a job but will [email protected] Posted Jan. 10. Posted Jan. 9. look for a new one 40% LONGMONT — Strategic Pact to boost biotech Growth Bancorp Inc. has bought BCBR DAILY DENVER — The Fitzsimons I am unemployed Mile High Banks, following a Chapter Redevelopment Authority has and looking for a job 11 reorganization bankruptcy of the Tayer to leave RTD board entered into an agreement with the 17% bank’s holding company, according BOULDER — John Tayer, who University of Colorado Technology to the Colorado Division of Banking. was appointed president and chief Transfer Office and the Innovation I am unemployed and will The division approved the trans- executive of the Boulder Chamber in Center of the Rockies in Boulder to wait for a job to find me 0% action Dec. 20, and it wrapped up November, will resign from his elect- help commercialize Colorado biotech at the end of 2012, said Fred Joseph, ed position on the Regional Trans- research and present the best tech- – 63 responses from Dec. 12, 2012 to Jan. 15, 2013 the division’s commissioner. Strategic portation District board of directors, nologies to investment professionals This poll is not scientific and reflects only the opinions of Growth Bancorp in El Paso, Texas, explaining in a letter of resignation from around the world. those Internet users who have chosen to participate. The was to buy Mile High Banks’ stock dated Jan. 8 that his new role at the Working within its statewide net- results cannot be assumed to represent the opinions of for $5.5 million, subject to a court- chamber “is placing demands on my work of approximately 200 biosci- Internet users in general, nor the public as a whole. ordered bidding process, according to time that will conflict with my RTD ence advisers, the innovation center Take the BCBR Opinion Poll online at BCBR.com. U.S. Bankruptcy Court documents board obligations.” will develop a pilot program with filed last fall. Tayer was elected in 2006 and CU’s tech transfer office to identify Ken McCormick, president and 2010 to four-year terms on the RTD research and associated faculty teams The program will be facilitated chief executive of Strategic Growth board representing District O, which with near-term commercial poten- through resources at the Fitzsimons Bancorp, will also become president includes Boulder, Louisville, Lyons, tial. The teams and technologies will Life Science Campus in Aurora. The of Mile High Banks, replacing Dan Superior and Boulder County’s be matched with innovation center campus is made up of the Anschutz Allen, who will remain at the bank in mountain communities. In his res- advisers who have the commercial- Medical Campus and the Fitzsimons a yet-to-be-determined capacity. ignation letter, Tayer wrote that he ization expertise and the ability to Life Science District. Longmont-based Mile High Banks would remain in his post until Boul- present the most promising projects Posted Jan. 9. is expected to keep its name and der County commissioners appoint to the appropriate investors. ➤ See BCBRdaily, 19A

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KRCN 1060 AM 303-776-2323 www.krcn1060.com Boulder County Business Report | www.bcbr.com Jan. 18-31, 2013 | 3A Wind-power industry hails tax-credit extension

BY DALLAS HELTZELL islation Jan. 2. The extension covers achieved nothing for the industry.” improves and wind gains a foothold [email protected] wind projects that start construction “It takes a long time from start to in electricity production. in 2013. Companies that build and finish,” said Margaret McCall, field “Extending the wind Production BOULDER — Supporters of the install wind turbines backed that associate for Denver-based advocacy Tax Credit is a long-overdue dose renewable-energy industry hailed the provision since it allows for the 18 group Environment Colorado. “The of certainty for manufacturers who passage of legislation designed to avert months to two years it takes to devel- fact that this was grandfathered in is employ more than 5,000 Coloradans the federal “fiscal cliff” for its inclu- op a new wind farm. very encouraging.” and 60,000 workers across America,” sion of a one-year extension of the “We need that time to finance a The production tax credit provides said Sen. Mark Udall, D-Colo., who wind-energy production tax credit. project, procure the construction an income tax credit of 2.2 cents delivered 27 speeches on the Senate “The dark clouds cleared and we contracts and begin work,” Rucker per kilowatt-hour for the produc- floor in 2012 outlining the positive have a ray of sunshine,” said Michael explained. “With that construction tion of electricity from utility-scale economic impact of the wind-ener- Rucker, chief executive of Boulder- ‘tail’ we can complete work in 2014. wind turbines. The industry relies on gy industry. “Although this deal is based Juwi Wind LLC. “We have an That tail is a very important detail; the credit to keep wind-energy cost not perfect, I am glad my colleagues industry again.” without it — had it just been a pure competitive with fossil fuels while have acknowledged what I have spoken President Obama signed the leg- one-year extension — it would have the companies grow, technology ➤ See Wind, 23A Film to focus TextUs.Biz on mountain music studio The legendary Caribou Ranch recording studio will live again — at least on the silver screen. From 1972 until it was dam- aged by fire in 1985, the converted barn in the Boulder County mountains near Nederland was visited by some of popular music’s most fabled performers, including Paul McCartney, Chicago, Joe Walsh and Elton John, who named his 1974 album “Caribou” after the studio. Among the hit singles recorded there were John’s version of the Beatles’ “Lucy in the Sky With Diamonds” and Rick Derringer’s “Rock & Roll, Hoochie Koo.” Now, according to the Holly- wood Reporter, scriptwriters Ran- dall Miller and Jody Savin are pre- paring a screenplay for a movie to be titled “Caribou Records,” which JONATHAN CASTNER will tell the story of the studio run Ted Guggenheim, president and chief executive of Rage Digital Inc., an app designer in Boulder, has launched TextUs.Biz by music producer James William that allows businesses to use their landlines to send and receive texts via a computer or iPad. Guercio. BCBR EYE Service lets your fingers do the talking Miller will direct “Caribou Records,” and the filmmakers will BY ELIZABETH GOLD “Texts are instantaneous and work with Guercio on the project. [email protected] Texts are eliminate the back and forth,” he Guercio “left Hollywood to go said. “The 30-and-under generation to the wilds of Colorado and put BOULDER — The time it takes instantaneous and are almost impossible to reach by everything on the line,” Miller told to get a call back from a message left the phone.” the Hollywood Reporter. “Every- at a business can sometimes make or eliminate the back and Businesses such as spas, auto repair one thought he was nuts. But all break the sale. If potential custom- forth. The 30-and-under shops, hotels and doctor’s offices — these artists — John Lennon, ers can’t wait, they may not even places that get a lot of calls — can Michael Jackson, Elton John, the leave a message. They’ll call your generation are almost benefit the most from TextUs.Biz, Beach Boys — came out there. He’s competition. according to Guggenheim. If a caller basically this young guy who had a Blending the idea of increasing impossible to reach wants to set an appointment for that crazy dream.” customer service through prompt by the phone. day, for example, the reservation Filming is scheduled for this responses with a growing prefer- can be made and confirmed without summer in as-yet-unspecified Col- ence for texting, TextUs.Biz’s service Ted Guggenheim waiting for or making a call back. orado locations. allows businesses to use their land- PRESIDENT, “It can reduce the time for a busi- “The locale will definitely be a lines to send and receive texts via a TEXTUS.BIZ ness to respond to a call from about character,” said Miller. “The ranch computer or iPad. three minutes to 30 seconds,” decreas- and this wilderness has a tapestry “The phone has become a bottle- A lot of callers who are put on ing the company’s own time on the of its own. Album after album neck because it can only handle one hold hang up, he said, and those who phone, Guggenheim said. “Businesses came out of that place, and you customer at a time,” said Ted Gug- do leave a message often get caught can also use it as a marketing mecha- have to ask yourself, ‘What was the genheim, TextUs.Biz president. up in the return call cycle. ➤ See TextUs.Biz, 27A secret ingredient?’ ” 4A | Jan. 18-31, 2013 Boulder County Business Report | www.bcbr.com Boulder Valley stocks Here is a list of the 11 companies based in Boulder or Broomfield counties publicly traded on the major stock exchanges with information on high and low stock prices in 2012. Company Exchange- Jan. 3, 2012 Dec. 30, 2012 52-week range Symbol Arca Biopharma Inc. Nasdaq: ABIO $1.00 $0.38 $0.26-$1.04 Broomfield Array Biopharma Inc. Nasdaq: ARRY $2.02 $3.72 $2.02-$5.96 Boulder Ball Corp. NYSE: BLL $35.97 $44.75 $36.61 -$46.42 Broomfield Clovis Oncology Inc. Nasdaq: CLVS $13.98 $16.00 $11.19- $ 27.55 Boulder Crocs Inc. Nasdaq: CROX $15.33 14.39 $12.00 -$22.59 Niwot DigitalGlobe Inc. NYSE: DGI $16.20 $24.44 $11.61-$27.00 Longmont Dynamic Materials Corp. Nasdaq: BOOM $20.23 $13.90 $12.60-$24.27 Boulder Gaiam Inc. Nasdaq: GAIA $3.20 $3.16 $2.48-$4.19 Louisville Level 3 Communications Inc. NYSE: LVLT $17.20 $23.11 $16.87-$27.53 Broomfield Vail Resorts Inc. NYSE: MTN $39.38 $54.09 $37.58-$58.61 Broomfield WhiteWave Foods Co.* NYSE:WWAV $19.00 $15.54 $14.31-$19.00** Broomfield *Initial public offering Oct. 26, 2012 ** Oct. 26 to Dec. 31, 2012 Local publicly traded companies had mixed stock-price results in ’12 BUSINESS REPORT STAFF contrast to the 17.7 percent decline [email protected] the group had in 2011. It was more in line with 2010 when the combined BOULDER — Strong stock per- value increased 29.9 percent, and SOURCE OF SECURITY | SOS | SOURCE OF SECURITY | SOS | SOURCE OF SECURITYformances in | S 2012 by about half of 2009 when it increased 17.4 percent. the publicly traded companies based This percentage increase does not in the Boulder Valley helped the reflect an index, but provides a rea- group outperform the three major sonable snapshot of the performance U.S. stock indexes. of stocks of these local companies. Six of the 11 companies that call For the year, the Dow Jones indus- either Boulder or Broomfield counties trial average increased 7 percent, SECURITY home ended the year with improved Standard & Poor’s 500 index gained COMPLETE SECURITY stock prices: Ball Corp., Level 3 Com- 13 percent, and the Nasdaq compos- SYSTEMS AND SERVICES: munications Inc. and Vail Resorts Inc. ite index was up nearly 16 percent. in Broomfield, Clovis Oncology Inc. The area lost one publically trad- • Intrusion Detection and Array BioPharma Inc. in Boulder, ed company, but it gained another. • Access Control and Longmont-based DigitalGlobe Inc. Boulder-based New Frontier Media The combined values of stocks Inc. was acquired in October by Cal- • CCTV of public companies based in the ifornia-based LFP Broadcasting LLC • IP Video Boulder and Broomfield counties . Broomfield-based WhiteWave Foods • UL Listed Monitoring Center increased 16.2 percent from Jan. 3 to Co. became a publicly traded com- Dec. 31, 2012. The increase is a sharp pany Oct. 26. • Electronic Security Products • Card Access Systems • Security Systems Integration

Volume 32 : Issue 2 Jan. 18-31, 2013 Copyright 2013. BizWest Media LLC. Reproduction or use of editorial or graphic content without written permission is prohibited. The Boulder County Business Report (USPS 018-522, ISSN 1528-6320) Is published biweekly, with an extra issue in December, by BizWest Media LLC, a Colorado corporation, 3180 Sterling Circle, Suite 201,Boulder Colorado, 80301-2338. OF SECURITY Periodical Postage Paid at Boulder, CO and at additional mailing ofﬁces. Subscriptions are $49.97. International subscriptions are $180.00.

POSTMASTER; Send change of address notices to: Call Today For A Free Quote The Boulder County Business Report, P.O. Box 270810, Fort Collins, CO 80527. 303-800-1207 | SourceOfSecurity.net (303) 440-4950 Fax: (303) 440-8954 E-mail:[email protected] Web: www.BCBR.com Boulder County Business Report | www.bcbr.com Jan. 18-31, 2013 | 5A CEO explains Tendril Network’s restructuring Layoffs in 2012 result we could, as did everybody,” Tuck of rapidly changing said. We’ve made huge To keep up, Tendril rapidly added clean-tech industry staff and launched a recruitment progress, and we have campaign that played on the popu- BY MICHAEL DAVIDSON lar “Honey Badger” YouTube video. [email protected] massive opportunities Help wanted ads appeared on local buses and billboards. still in front of us. BOULDER — Recent layoffs at The downsizing also affected Tendril Networks Inc. are the result company leadership. Departures Adrian Tuck of a yearlong strategic shift that CHIEF EXECUTIVE, included founder and chief informa- has made Tendril modestly profit- TENDRIL NETWORKS INC. tion officer Tim Enwall, who is now able and will result in the Boulder- the CEO of MobiPlug Networks based company finishing 2013 in Inc., a Boulder-based startup devel- the black, chief executive Adrian oping home-energy monitoring and Tuck said in an interview. control technology. Enwall contin- Tendril develops energy-man- not be viewed as a sign Tendril is we earn in growth,” he said. “I’m ues to act as an adviser to Tendril. agement software used by utilities struggling to survive. Tendril is “just spending every dollar I can, but not Tendril now will focus on a to manage smart grids. It laid off profitable” on a day-to-day basis, more than we’re earning.” smaller customer base that could 59 employees Dec. 31. It also had a has a “healthy cushion of growth Tendril plans to start hiring new lead to greater profits. Tuck said round of layoffs earlier in the year. capital” and has raised about $100 employees this month, and mar- there are about 20 utilities commit- The 2012 layoffs are a contrast million from investors, including keting director Ginger Juhl said ted to building out systems that will to Tendril’s rapid growth in 2011, a recent $15 million investment, between 10 and 20 new jobs are require the type of energy manage- when it was averaging 10 new hires a Tuck said. likely to be added in 2013. ment and consumer engagement month. Tendril expected to add 100 Tendril also plans growth in During the interview and in software Tendril specializes in. jobs in 2012, and its staff peaked overseas markets, is working on postings on the Tendril company The utilities are in states and at about 200. Now it is fewer than large projects with major utilities blog, Tuck acknowledged the com- countries with deregulated markets 100. like Duke Energy and Reliant and pany has made some missteps and that allow greater customer choice, In the interview, Tuck described plans to add some staff in 2013, miscalculations. In early 2012, Ten- which forces utilities to differenti- the company’s new direction, focus he said. Across all its partnerships, dril management realized it had ate their offerings. Tendril products on a new type of customer, and Tendril serves about 4 million con- grown too quickly and had become will give utilities the ability to offer some miscalculations Tendril, like sumers, Tuck said. involved in too many pilot projects more options to consumers, Tuck other clean-tech companies, made “We’ve made huge progress, and that did not show signs of posting said. in predicting the future of its rap- we have massive opportunities still the returns Tendril wanted, Tuck Revenue will be reinvested into idly changing industry. in front of us,” Tuck said. said. the company as it weans itself off Tuck said the staff cuts should “We’re reinvesting every dollar “We just took as many projects as ➤ See Tendril, 6A

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Source: StrokeCenter.org 6A | Jan. 18-31, 2013 Boulder County Business Report | www.bcbr.com TechStars thriving as Boulder’s tech connection BY MICHAEL DAVIDSON companies develop their capital- [email protected] formation strategies, something he has done for a number of years as a BOULDER — The sign on the mentor. Although he lives and will door said TechStars, but the crowd of remain in Idaho, he knows Boulder more than 100 people packed into its and TechStars well. downtown Boulder office looked a “I was taken with TechStars from bit different from the tech entrepre- the very first time I stepped in the neurs who normally buzz around the bunker,” Solon said. “It’s probably city’s unofficial startup hub. the most innovative thing I’ve seen The 20- and 30-somethings in to help entrepreneurs in my career.” jeans and T-shirts printed with their Solon and Highway 12 Ventures tech companies’ logos were there, have invested heavily in Boulder but on an evening in early January startups and TechStars companies they might have been outnumbered such as SendGrid and Orbotix. by somewhat older men and women “We’ve put more money to work wearing sport coats, slacks or “busi- in Boulder than any other town,” ness casual” dress. Solon said. “It’s like fishing in a Despite the difference in ages stocked pond.” and attire, they came for the same Newman is TechStars’ new “net- reasons: to find a job or employees. JONATHAN CASTNER work catalyst,” which means he TechStars, together with Den- More than 100 people crowd into TechStars’ downtown Boulder office for a recent is working with alumni to ensure ver-based consultants TriWorth, networking event, either to find jobs or job-seekers. TechStars has helped connect their TechStars connections remain had quickly put together the event with mentors and investors since its 2007 launch. “resources they can always tap into to respond to recent layoffs in Boul- that give them an unfair advantage” der’s tech community, said Luke well after they’ve left, he said. Beatty, co-managing director of Boulder while Glaros works in New Stars with its core mission of help- As more companies went through TechStars Boulder. The specific York City as the interim director of that ing entrepreneurs launch companies TechStars, it became clear the far- catalyst was the recent announce- program. Eventually he will become by connecting them with mentors flung alumni network was a major ment by Tendril Networks Inc. that the only director as Glaros takes on a and investors, cofounder and chief asset that could use more attention it was laying off 59 people, he said. new position with TechStars. executive David Cohen said. to maximize its benefit. “There are a lot of people look- Beatty’s career has followed the They also will help TechStars “As TechStars has grown and ing for their next gig, and there are path many entrepreneurs would like raise money and deal with new scaled, now is the time where we a lot of people looking for the next to follow. He founded a company opportunities and challenges as it really need a resource like this and a great person for their company,” named Associated Content in 2005 evolves, much like the companies little more focus on investing in and Beatty said. and sold it to Yahoo! Inc. (Nas- it mentors. developing the alumni platform,” Beatty knows a lot about jobs cre- daq: YHOO) in 2010. According “TechStars in its first seven years Newman said. ated by TechStars companies, includ- to media reports, the price tag was has evolved in a really magical way, Newman has first-hand knowl- ing the exact number they’ve created $90 million, but Beatty declined to but I don’t think anyone at Tech- edge of being an entrepreneur going – 1,258. Those jobs have been created confirm that, citing a nondisclosure Stars is content with the way it is,” through TechStars. He founded Fil- by the 199 startups TechStars has agreement. Beatty said. trbox, which was part of TechStar’s helped connect with mentors and Beatty became a vice president at “We’re moving out of the startup first class in 2007. investors since its 2007 launch. Yahoo! after the deal. phase, for lack of a better descrip- “The whole thing was an experi- Beatty has worked with some of “It’s good experience, because it tion,” Glaros said. ment, a well-thought out and well- those companies as a regular mentor existed at all the right levels, from Growing companies need money, organized experiment, but it was for the Boulder program. TechStars literally starting it in my basement and that will be Solon’s focus. Solon, brand new,” Newman said. was launched in Boulder and has with a couple of people to raising a a managing director of Highway 12 Back then, Cohen expected spread to New York City, Boston round (of venture capital) to selling Ventures, has become a general the experiment to be a success. and Seattle. TechStars also “pow- it,” he said. partner and will focus on managing He didn’t know how big it would ers” independent accelerators for Beatty is one of three hires Tech- TechStars’ investments and fund- become. Microsoft in Seattle, Nike in Port- Stars made in the closing months of raising. TechStars has raised $70 “It’s fundamentally what I envi- land, Oregon, and a cloud-focused 2012 to fill major positions. Mark million to invest, and that amount sioned for Boulder. I did not imagine program in San Antonio. Solon, a Boise, Idaho-based ven- will grow in the future. the impact it could have for other Beatty became a member of Tech- ture capitalist, and Ari Newman, a “We don’t have any specific plans cities,” Cohen said. “The scope of Stars’ leadership team late last year, serial entrepreneur and founder of to get to $100 million, but we think it is not what I anticipated, and the when he joined Nicole Glaros as co- Filtrbox Inc., also joined the accel- we’re approaching that as time goes impact we’ve had with other accelera- managing director in Boulder. He is erator’s staff. by,” Cohen said. tors (through the TechStars network) taking over day-to-day operations in The new hires will help Tech- Solon also will help TechStars were not things that were envisioned.”

TENDRIL from 5A a reliance on venture capital as it being sold “for cents on the dollar” its operations and potential expan- commitment of potential partners. develops its software-as-a-service as companies falter or consolidate. sion primarily with revenue, Tuck Tuck said the desire to beat other platform, Tuck said. It’s a fate Tendril is determined and said. companies to the punch in a devel- Tendril’s growing pains are should be able to avoid, he said. It also means Tendril has to be oping industry resulted in a “land shared by many clean-tech com- Attempting to pay for future more selective about what projects grab” mentality. Both startups and panies that are facing what Tuck growth through more venture capi- it takes on, he said. Tuck said the established tech companies such called “a fairly stark set of choices” tal did not look promising, either. company needs to avoid putting as Google and Microsoft tried to about their future. Tuck said he and “It’s like a nuclear winter in the resources in what he called “science become players in the home energy Tendril’s board went over options clean-tech funding space,” Tuck experiments” that might not be management market before leav- last year. said. “That capital is just not out scalable or realize the proﬁts the ing. The least appealing was pursu- there. There’s been a huge slow company needs. The availability of federal grants ing a strategy that would result in down in venture capital investment “We can’t afford to be the guy for pilot projects also distorted the the company being sold before it — full stop — and that’s even more who waits around for that project industry, with some companies could realize its potential. Speaking true in clean tech.” to go somewhere or not.” launching projects more for the sake generally about clean tech startups, That left Tendril with the option One factor in determining what of the grant than a commitment to Tuck noted the trend of companies of narrowing its focus and ﬁnancing projects to go after will be the innovation, he said. Jan. 18-31, 2013 | 7A BOULDER COUNTY BUSINESS REPORT WWW.BCBR.COM LEGISLATIVE PREVIEW

Lawmakers representing the Business-related laws proposed BY BUSINESS REPORT STAFF Boulder Valley [email protected] Here’s how to contact Following are summaries of busi- legislators representing ness-related legislation that has been Boulder and Broomﬁeld proposed as of Jan. 15 for the Colorado counties. Legislature’s 69th general assembly to consider.

SENATE HOUSE OF REPRESENTATIVES

Sen. Colorado Advanced Rollie Heath Industries Acceleration Act (D-Boulder) House Bill 13-1001 District 18 (Boul- Summary: The bill would create the der, northwest advanced-industries acceleration grant Boulder County) program in the Colorado Office of Eco- C h a i r m a n o f nomic Development. The following Transportation Committee; mem- are defined to be advanced industries: ber of Appropriations, Education, Advanced manufacturing, aerospace, and Business, Labor and Technol- bioscience, electronics, energy and natu- ogy committees ral resources, infrastructure engineering 303-866-4872 and information technology. [email protected] Sponsors: House: Young, Gerou, Fer- randino. Senate: Heath, Steadman. Sen. Matt Jones Small Business (D-Louisville) Development Centers Act District 17 (Long- House Bill 13-1002 mont, Lafayette, Summary: The bill would require the Louisville, Boul- Colorado Office of Economic Develop- der County east ment to expend $500,000 in each of the of U.S. Highway 287) 2013-14 and 2014-15 state fiscal years for Vice chairman of State, and Veter- small-business development centers, or ans and Military Affairs commit- SBDCs. Appropriations made would be tees; member of Agriculture and in addition to any other money the office Natural Resources, and Transpor- receives. The state director of SBDCs in tation & Energy committees the office shall expend between 10 per- 303-866-5291 cent and 15 percent of these monies per [email protected] year to increase awareness of SBDCs and shall equitably apportion the remainder Sen. for distribution to SBDCs across the Vicki Marble state. If separate legislation is enacted to (R-Fort Collins) establish an economic gardening initia- career pathways program in the Division of Employer Access to Personal Informa- District 23 tive, $200,000 of the $500,000 will be Employment and Training in the Depart- tion through Electronic Communica- (Broomfield) used for that initiative. ment of Labor and Employment. The tion Devices Member of Edu- Sponsors: House: Tyler, Lee, Moreno, program would provide grants to eligible House Bill 13-1046 cation and Local Primavera, Ryden, Schafer, Williams, entities to enable individuals to acquire Summary: The bill would prohibit an Government committees Young. Senate: Jahn. skills necessary to obtain or improve their employer from requiring an employee 303-866-4876 employability. The bill establishes a career or applicant for employment to disclose [email protected] Economic Gardening Pilot Project pathways fund and directs the division a user name, password or other means House Bill 13-1003 to submit an annual report to specified for accessing a personal account or service Sen. Summary: The bill would create an committees of the general assembly. The through an electronic communications Jeanne economic gardening pilot project in the program would be repealed on Jan. 31, device. This does not include access to Nicholson Colorado Office of Economic Develop- 2016, unless the director of the division nonpersonal accounts or services that (D-Gilpin County) ment. Through the pilot project, staff sends notice to the revisor of statues that provide access to the employer’s internal District 16 members of the office and SBDCs who the program has proved effective through computer or information systems. The (Southwest Boul- have been trained and certified in economic significant job placement. bill also would prohibit an employer from der County) gardening principles and practices provide Sponsors: House: Duran and Melton. discharging, disciplining, penalizing or Majority caucus chairwoman, 12 months of strategic assistance to at least Senate: Kerr. refusing to hire an employee or applicant chairwoman of Local Government 20 Colorado-headquartered second-stage who does not provide access to personal Committee; member of Health companies and SBDC clients selected by Refund for Overpaid Sales/Use Tax accounts or services. The bill clarifies that and Human Services Committee the state director of SBDCs in the office. House Bill 13-1009 an employer may investigate an employee and Legislative Council The pilot project terminates in 2016. Summary: The bill would require a to ensure compliance with securities or 303-866-4873 Sponsors: House: Lee, Garcia, Tyler. person who overpays the state sales and financial law or for suspected unauthor- jeanne.nicholson.senate@state. use tax to apply for the refund within ized downloading of proprietary informa- co.us Colorado Careers Act of 2013 three years after the date of purchase. tion based on the receipt of information House Bill 13-1004 Sponsors: House: DelGrosso, Senate: about these activities. ➤ See Lawmakers, 8A Summary: The bill would establish the Jahn. ➤ See Laws, 8A 8A | Jan. 18-31, 2013 Boulder County Business Report | www.bcbr.com LEGISLATIVE PREVIEW

LAWMAKERS from 7A LAWS from 7A

HOUSE OF Sponsors: House: Williams. Senate: would require an employer to disclose to Sponsor: Senate: Harvey. REPRESENTATIVES Ulibarri. an employee or applicant for employment when the employer uses the employee’s Prohibit Discrimination Labor Rep. Deadly Physical Force Against a consumer credit information to take Union Participation Mike Foote Person Who Has Made an Illegal Entry adverse action against him or her and the Senate Bill 13-024 (D-Lafayette) into a Place of Business particular credit information upon which Summary: The bill would prohibit District 12 House Bill 13-1048 the employer relied. It would authorize an employer from requiring any per- (Lafayette, Lou- Summary: The bill would extend an employee aggrieved by a violation of son, as a condition of employment, to isville, the U.S. the right to use deadly force against an the above provisions to bring suit for an become or remain a member of a labor 287 corridor and intruder under certain conditions to injunction, damages or both. organization or to pay dues, fees, or parts of south and east Longmont) include owners, managers and employ- Sponsors: House: Fisher. Senate: other assessments to a labor organiza- Member of Finance, Legal Services, ees of businesses. Ulibarri. tion, charity organization or other third and State Veterans and Military Sponsors: House: Everett. Senate: party in lieu of the labor organization. Affairs committees Grantham. Report Business Fiscal Impacts of Any agreement that violates these pro- 303-866-2920 Proposed Legislation hibitions or the rights of an employee [email protected] SENATE Senate Bill 13-020 is void. The bill would create civil and Summary: The bill would direct the criminal penalties for violations and Rep. Use of Consumer Credit Informa- staff of the legislative council to des- authorizes the attorney general and the Dickey Lee tion by Employers ignate a five-day period following the district attorney in each judicial district Hullinghorst Senate Bill 13-018 introduction of new legislation or the to investigate alleged violations and take (D-Boulder) Summary: The bill would prohibit notice of proposed rule-making during action against a person believed to be in District 10 an employer’s use of consumer credit which any person may submit comments violation. The bill states that all union (Boulder east of information for employment purposes if regarding the potential business fiscal agreements are unfair labor practices. Broadway and the information is unrelated to the job. It impacts of the new legislation or rule. Sponsor: Senate: Hill. north of the Boulder Turnpike) Majority leader, member of Appro- from 1A priations Committee and Execu- BILLS tive Committee of the Legislative Council some that lawmakers believe would “Very, very early-stage capital is on an “economic gardening” pilot 303-866-2348 improve Colorado’s business climate. very, very difficult to find,” he said. program intended to nurture second- [email protected] The current climate isn’t bad — a “We picked these core industries, stage companies with from six to 99 2012 survey by CNBC ranked Colo- which obviously from Boulder Coun- employees. Rep. rado the fifth-best state in which to ty’s standpoint have a huge impact, Democrats, with firm control of Claire Levy do business — but lawmakers in other and (would) provide the opportunity both houses and the governor’s office, (D-Boulder) states are working hard to gain ground for funding when it can be hard to will set the agenda. However, Repub- District 13 on Colorado, including offering tax get,” Heath said. licans plan to push bills of their own (Boulder west of breaks and incentives Colorado can- There is one problem, however. As that they feel will protect or promote Broadway, Ned- not match. of now, sponsors have not identified small businesses. erland, south- “Surrounding states are doing infi- a source for all the money they want One, House Bill 13-1069, would west Boulder County) nitely more than we’re doing,” said for the grant program, Heath said. require legislative staff to prepare a Speaker pro tempore, chairwom- Sen. Rollie Heath, the Democrat Some money will come from pro- small-business fiscal impact state- an of Joint Budget Committee, who represents Boulder and most of grams already established for biotech ment for every measure. The intent member of Appropriations Com- western Boulder County. Heath is a and clean-energy companies, and the of the bill is to make legislators more mittee member of the Senate Business, Labor bill allows the state to accept gifts, aware of how their bills affect busi- 303-866-2578 and Technology committee. grants and donations for the program. nesses with 50 or fewer employees. [email protected] The centerpiece of lawmakers’ But the majority would come from Companies will have the chance to efforts is the Colorado Advanced sources yet to be identified by the comment on each bill during a five- Rep. Industries Acceleration Act (HB Legislature. day period soon after a bill is first Dianne 13-1001). Leaders in both houses and Heath has one source in mind. He introduced. The staff would compile Primavera Gov. John Hickenlooper support the plans to introduce another bill that the feedback and then prepare an (D-Broomfield) bill, which has a Republican cospon- would change how the state runs the impact statement for legislators. District 33 sor in the House. Heath is a Senate enterprise-zone program. That pro- Outside of the Legislature, lobby- (Broomfield, Erie, cosponsor. gram issues tax incentives to encour- ing and advocacy groups such as the Superior, parts The bill would create a grant age businesses to locate and expand Colorado Association of Commerce of south and southeast Boulder program that would provide proof- into “economically distressed” areas, and Industry will keep watch on what County) of-concept grants, seed money and according to the OEDIT. No part of bills are introduced. Chairwoman of Public Health Care retention and infrastructure grants Boulder or Broomfield counties has CACI officially urges “legislative and Human Services committee, to businesses in “advanced industries” received the designation. restraint” for this session, and the member of Health, Insurance and including advanced manufacturing, The program has been criticized in major topics it is watching include Environment and Transportation & aerospace, bioscience, electronics, recent years as a bad deal for the state potential changes to the workers’ Energy committees. energy and natural resources, infra- that is not having the desired econom- compensation system and the estab- 303-866-4667 structure engineering and informa- ic impact. Last year, a task force met lishment of bidding preferences for [email protected] tion technology. to study how to reform the program. Colorado companies seeking state Sponsors want the program to be Heath said he plans to base his bill on contracts. Restrictions on natural Rep. able to distribute $15 million per its recommendations, which included gas drilling and changes to enter- Jonathan year for the next 10 years. Grants for placing a $1 million cap on tax credits prise zones also are on the list, as are Singer proof-of-concept projects would be companies receive for capital invest- the measures funding small-business (D-Longmont) capped at $150,000, and early stage ment. The new cap reportedly would development centers and the eco- District 11 (north- capital grants and retention incentives have let the state keep an additional nomic gardening program. ern and western would be capped at $250,000. The $18 million per year since 2006. The Boulder Chamber supports Longmont, Lyons, program would be run by the Colora- Details of the bill “are being worked the advanced-industries accelera- Allenspark, northwest Boulder do Office of Economic Development out as we speak,” Heath said. tor bill and is very interested in the County) and International Trade, or OEDIT. Another early bill, HB 13-1002, small-business development cen- Vice chairman of Local Government The ideal beneficiaries of the grants would require the OEDIT to budget ter measure, public affairs manager Committee; member of Public Health are small startups with promising $500,000 for the next two years Angelique Espinoza said. It may take Care and Human Services committee technology that need investment that to local business-development cen- positions on other bills after they 303-866-2780 is not always readily available, Heath ters. HB 13-1003 would require move through the winnowing pro- [email protected] said. $200,000 of that money to be used cess, she said. Boulder County Business Report | www.bcbr.com Jan. 18-31, 2013 | 9A Buffer rules advanced for oil, gas drilling BY ALLEN GREENBERG sions, and strict controls on the Wockner of Clean Water Action. The Colorado Oil and Gas Asso- [email protected] nuisance impacts of noise, dust and A few days earlier, the commis- ciation issued a statement saying the lighting. sion also approved rules for moni- proposed rules went too far. DENVER — Environmentalists • Drilling operations cannot toring and protection of ground- “The current contentious dia- called them “pathetically weak,” but operate within 1,000 feet of build- water. logue about oil and gas develop- the Colorado Oil and Gas Conser- ings housing larger numbers of peo- Matt Lepore, director of the Col- ment exposes a great disconnect vation Commission on Jan. 9 none- ple, such as schools, nursing homes orado Oil and Gas Conservation between our reliance on oil and theless gave its preliminary OK to and hospitals, without a hearing Commission, defended the rules. gas resources and our willingness new rules putting at least 500 feet before the commission. “These are tough and far-reach- to support its production,” Doug of space between homes and oil and • Operators must engage in ing new rules that significantly Flanders, COGA’s director of Policy gas drilling operations. expanded notice and outreach reduce the effects of drilling for and External Affairs, said in a state- The oil and gas industry also efforts with nearby residents and those living or working nearby ment. expressed its dissatisfaction. conduct additional engagement while at the same time protecting The tentatively approved rules, Under the new rules: with local governments about pro- the rights of mineral owners,” he Flanders said, will have the “unin- • Existing setback, or buffer, posed operations. As part of this, said in a statement. “We believe tended consequence of increased standards of 150 feet in rural areas operators proposing drilling within these collectively amount to the urban sprawl by forcing developers and 350 feet in urban areas will be 1,000 feet must meet with anyone strongest criteria for setbacks in the to waste land within development extended to a uniform 500 feet within that area who asks. country, will hold industry to a new footprints.” statewide. The commission said the rules standard and represent a national COGA lobbied for what it called • Operators wanting to drill are more rigorous than any in the model.” a “more holistic approach” that within 1,000 feet of an occupied nation, but environmental groups Lepore acknowledge not every- would have more than doubled building would be required to meet weren’t happy, having sought at one would be pleased. the statewide minimum setback new and enhanced measures to least a 1,000-foot buffer. “We understand that these rules distance from occupied structures limit the disruptions a nearby drill “The pathetically weak setback do not leave any one group of inter- from 150 to 350 feet and increased site can create. Those measures rules adopted … by the Hicken- ests completely satisfied,” he said. the minimum setback from high- include closed-loop drilling that looper administration will continue “We do expect most everyone who occupancy facilities to 750 feet. eliminate pits, liner standards to to enrich oil and gas companies at worked collaboratively with us will A final vote by the commission protect against spills, capture of the expense of the public’s health see components they helped initiate was expected to take place the week gases to reduce odors and emis- and property values,” said Gary incorporated into these rules.” of Jan. 14.

BOOM from 1A

$36.1 million, closed in early Decem- THE APARTMENT BOOM SHOWS NO SIGNS OF ABATING, Gunbarrel Flats. ber. Milestone Development Group, a Boulder-based developers and Denver-based firm, built the 264-unit as developers are putting together big deals. Coch 101 Boulder investors Conscience Bay Co. paid complex, which opened in 2010. The $16.6 million for 11 acres in the complex is in the “SoLa,” or south LLC paid $4.5 million for 8.6 acres at 5460 Spine Road in Gun- Transit Village area. Two warehouses Lafayette, area, off U.S. Highway 287 barrel. A 232-unit apartment complex is planned for the site. totaling 188,000 square feet occupy north of Exempla Good Samaritan the land, but the long-term plan is to Medical Center. redevelop the property into a mixed- The buyer, LLJ Stratford Prana, use development that will include a is a San Diego-based company that Creek Apartments LLC. Both groups investors for Boulder because it’s such residential component, Conscience invests in multifamily developments are local investors, and the buyers a tight market,” Hunt said. “Boulder Bay principal Eli Feldman said. and has been looking to enter Colora- have other student-housing proper- continues to be one of the most popu- Two downtown Boulder office do, according to Ken Kiken, principal ties, Widawski said. lar markets, not just in the state but buildings also sold in December. The of Milestone. Denver-based investors also pur- in the nation.” former home of the Boulder Daily The 216-unit Willow Run Village chased two multifamily properties The Village Square apartment Camera newspaper at 1048 Pearl St. complex near the intersection of East on Mohawk Drive in Boulder. Boul- community at 645 Alter St., which was bought for $13.5 million by Ten Midway Boulevard and North Zuni der Properties Investor LLC paid has 108 units, sold for $8.15 million Eleven Pearl LLC, a local team led by Street in Broomfield sold for $28.2 $10.5 million for the Villa del Prado to a New York City-based LLC. Denver-based Nichols Partnership Inc. million to a limited liability company apartments, a 50-unit complex at The investors looking to buy apart- Nichols Partnership president created by Griffis/Blessing Inc., a 635 Mohawk Drive, and $6.25 mil- ments range from large real estate Randy Nichols said the project, which Colorado Springs-based real estate lion for the Chateaux Apartments, investment trusts to local invest- was named Eleventh and Pearl, will be investment and managing company. a 32-unit complex at 565 Mohawk ment groups. Five potential buyers built “exactly” as Los Angeles-based Griffis/Blessing acquired the prop- Drive. Triangle Partnership LLP and expressed serious interest in Prana, Karlin Real Estate LLC planned. Kar- erty from a partnership led by Green- AHL Properties LLC, respectively, Kiken said, with real estate invest- lin planned to demolish the exist- wood Village-based Baron Properties sold the properties. ment trusts, pension funds and insur- ing buildings and replace them with after searching the state for good Brokers in the Denver office of ance companies being the most eager a 175,000-square-foot mixed-use apartment deals. Apartment Realty Advisors had a to buy large, recently built higher-end building with 125,000 square feet of “We looked up and down the Front hand in the Prana, Villa del Prado and properties such as Prana. Class A office and 50,000 square feet Range, and we really liked that mar- Chateaux sales. Multifamily proper- Smaller properties also are getting of retail and specialty use space. The ket,” said Gary Winegar, chief invest- ties are the most sought-after invest- interest. Widawski said the former expected cost of the project is $80 ment officer of Griffis/Blessing. ment opportunities for commercial owners of the Canyon Creek apart- million. The sale of the Canyon Creek investors at the moment, much to ments received six letters of intent. The 33,000-square-foot office Apartments in Boulder, a nine-build- ARA’s benefit, according to principal “It was amazing to see how many building at 1900 15th St. was pur- ing complex at 730 29th St., was the Terrance Hunt. His company has set a people were knocking on our door,” chased by San Francisco-based inves- third-largest apartment sale, with a record this year in brokering $1.2 bil- he said. tors for $11.9 million. The building price tag of $15 million, according lion in transactions. Statewide, multi- The apartment boom shows no is occupied by Bing, a division of the to Boulder County property records. family sales reached $2.4 billion. signs of abating, as developers are Microsoft Corp. (Nasdaq: MSFT). The total price when an additional The activity has been spread putting together big deals. Coch 101 In Louisville, two retirement com- transaction related to the sale is includ- around the state, but the Boulder Boulder LLC paid $4.5 million for munities/nursing homes were sold. ed is about $20 million, said Thom area is very much on investors’ radar. 8.6 acres at 5460 Spine Road in Gun- JVCO Real Estate Investments I pur- Widawski of Verus Commercial Inc., “Overall, we’ve had the highest barrel. A 232-unit apartment com- chased the Juniper Village at Lou- who represented the buyer and seller. volume of transactions the state has plex is planned for the site. Trammel isville, 1078 S. 88th St., for $13.3 The buyer was Canyon Creek ever seen, and obviously Boulder is up Crow Residential Co., which is based million. SHI II Cherrywood LLC Apartments II LLC, which purchased there as well,” Hunt said. in Dallas, is building the complex, paid $11 million to buy Balfour Cher- the 176-unit complex from Canyon “We’ve seen a great appetite from which will be named The Alexan at rywood Village at 282 McCaslin Blvd. 10A | Jan. 18-31, 2013 BOULDER COUNTY BUSINESS REPORT WWW.BCBR.COM DISCOVERIES NREL on team to extract fuel from methane BY DOUG STORUM [email protected]

BOULDER – The National Renew- able Energy Laboratory in Golden will be part of a project to help develop microbes that convert methane found in natural gas into liquid diesel fuel. If successful, the approach could reduce greenhouse gas emissions and lower dependence on foreign oil. The amount of natural gas ﬂared or vented from oil wells globally is equal to one-third of the amount of petroleum used in the United States each year, according to NREL, and

every molecule of methane vented to the atmosphere in that process has the global-warming capacity of 12 molecules of carbon dioxide. A consortium of scientists believes that if the wasted gas can be turned into COURTESY NREL/DENNIS SCHROEDER a liquid, then it can be piped along with Phil Pienkos, foreground, NREL’s principal investigator on a joint project that will use microbes to convert methane found in the petroleum to reﬁneries where it can natural gas into liquid diesel fuel, is seen here in a 2010 ﬁle photograph in an NREL laboratory studying the biology and genetic be turned into diesel suitable for trucks make-up of algae. “We’ll be leveraging our decades of experience in producing biofuels and lipids, which in the past we’ve ➤ See NREL, 27A typically done via algae,” he said of the new project. Project2_Layout 1 1/11/13 1:49 PM Page 1

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www.ucdenver.edu/PartnerNow Jan. 18-31, 2013 | 11A BOULDER COUNTY BUSINESS REPORT WWW.BCBR.COM 13A | Certiﬁed Public BANKING Accountants 14A | SBA Lenders & FINANCE 15A | Bankers eye Basel III

We sold a lot of It was really good portfolio assets to trigger to get through the end capital gains, and now of last year. It was like

we look pretty smart. a bad movie. Drew Simon Dennis Channer PARTNER, PARTNER, BSW WEALTH PARTNERS INC. CORNERSTONE INVESTMENT ADVISORS LLC

2013 tax changes spur investors to act

BY BETH POTTER price of an investment asset, such as [email protected] Uncertainty about capital gains a stock, and its original cost. Across the nation, the uncertainty about BOULDER — A client living what would happen to the capital- near Aspen saved thousands of dol- keeps financial advisers busy gains tax caused many companies lars in taxes by selling at least some to issue special dividend payments stock assets before Dec. 31 to avoid decided to sell stock before the end funds or any other investment that to shareholders before the new year. paying a higher capital-gains tax of the year. The capital-gains tax could realize substantial capital Potential changes and the strate- rate, according to a local wealth- increase potentially affects singles gains when sold. As it turned out, gies created to respond to them management adviser. with annual income of more than the new federal rules also increased kept financial planners and wealth Dennis Channer, a partner at $400,000 and couples with annual the income rate for affected indi- managers busy, both nationally and Cornerstone Investment Advisors income of more than $450,000. viduals to the $400,000 threshold locally. LLC in Boulder, culled through his Congress made the decision about and for couples to the $450,000 “It was really good to get through client list to make sure anyone fac- the increase on Jan. 2 as part of its threshold, he said. the end of last year. It was like a bad ing the potential 5 percent increase larger 2013 federal budget discus- “There were a lot of clients who movie,” Drew Simon, a partner at in capital-gains tax at the beginning sion and approval. we advised who were thinking BSW Wealth Partners Inc. in Boul- of 2013 was aware of the potential “There was so much uncertainty about liquidating unrealized posi- der, said of the capital-gains tax change in tax rates. Locally, high … and people were trying to sec- tions. They had pent-up or unreal- discussion and other tax increases earners with company stock options ond-guess what was going to occur,” ized capital gains,” Channer said. approved as part of the federal bud- and other high-net-worth individu- Channer said. “We sold a lot of port- Cornerstone Investment Advi- get discussion. als appeared to be the ones most folio assets to trigger capital gains, sors has more than $123 million At UBS Financial Services Inc. affected by the potential capital- and now we look pretty smart.” in assets under management, with in Boulder (NYSE: UBS), financial gains tax rise to 20 percent from 15 Channer said that in December more than 100 families and indi- adviser Peter Braun called clients percent. he contacted any investor client viduals as clients. and held seminars to make sure The client in Aspen and a hand- with income of $200,000 or more, Capital gains tax is the tax paid people were aware of potential tax ful of Channer’s other clients and with stocks, bonds, mutual on the difference between the sale ➤ See Investors, 14A Federal fund fuels lending to small businesses BY BETH POTTER made the loans. The Small Busi- banks, according to the U.S. Trea- increased by 50.9 percent its [email protected] ness Lending Fund was created sury press statement. small-business lending in Colo- in 2010 to encourage community Community banks paid a 2 per- rado, according to Treasury data. BOULDER — Some local com- banks to increase lending to small cent interest rate to the Treasury CoBiz Bank increased its state panies are expected to benefit from businesses. on average to access the capital small-business lending by 5.5 per- a $188.8 million increase in Colo- Across the nation, the U.S. from the program that was used to cent. rado small-business loans made Treasury has invested $4 billion in make loans, according to the press Centennial Bank received $1.8 possible by capital from the federal capital into 332 banks involved in statement. Community banks can million in capital so far from the Small Business Lending Fund. the program, creating additional reduce their interest rates on the program. CoBiz Bank received Local CoBiz Bank branches business lending of $7.4 billion, money to 1 percent if they increase $57.4 million in capital, according in Boulder and Louisville and a according to a press statement. small-business lending by 10 per- to the Treasury. Centennial Bank branch in Boul- In general, participating com- cent over their previous base small In Colorado, banks based in der (the trade name of CIC Banc- munity banks increased their business lending amount. Buena Vista, Fort Collins, Fort shares Inc.) are part of the bank business lending by substantially In the first six quarters of Morgan and Denver also received network in Colorado that has larger amounts than did other the program, Centennial Bank capital from the program. 12A | Jan. 18-31, 2013 Boulder County Business Report | www.bcbr.com Bullish banks announce new hires, expansion MG National Trust Bank in hiring people for its new location in corp in Minneapolis) is a sponsor of the Startup America Initiative, launched Boulder is bullish on commercial Lafayette, which is slated to open in Banking on Youth program. The first- in 2011, has poured millions of dollars Areal estate lending in the region mid-February. place winner will receive $15,000 for into the national and local economy in this year, after experiencing 45 percent The Loveland-based bank, plans his or her project; a second-place win- this regard. growth in its loan portfolio in 2012. to have six or seven bankers at the ner receives $5,000. Before the win- To keep up with demand, the new branch at 565 W. South Boul- ners are chosen, 30 semifinalists will Funding from Kickstarter bank has hired Brett Spillman as a der Road, said Jack Devereaux, the receive $1,000 seed grants and must If you don’t qualify for federal new commercial loan officer in the bank’s chairman. The building is do videos, which will be posted on the funding, there’s always Kickstarter. Boulder office, said Tom Chesney, being remod- bankingonyouth.org website, said Amy com and other online crowdfunding Boulder-based president of the eled, and no Frantti, a U.S. Bancorp spokeswoman. websites to look to for help. bank’s commercial loan division. specific opening Six finalists will be chosen to go to In crowdfunding, startup com- Boulder is the Denver-based bank’s date has been Washington, D.C., in late July to companies and individuals ask for money main branch. AMG has four other set, Deveraux pete in a final “pitch-off,” Frantti said. online for a variety of business- and art- offices around the nation and $2.5 said. With Boulder now known nation- related projects, usually in return for billion in assets under management. Deveraux ally for several of its entrepreneurial some future gadget from the company. Residential real estate loans also plans to be in projects, local bankers want area Such companies include High are picking up in the Boulder/Den- and out of the residents to become involved. Roller USA in Boulder, which makes ver corridor and across the Front BANK NOTES new location Contest participants must first adult-size Big Wheel tricycles, a Range, Chesney said. Beth Potter regularly; he submit their venture ideas in writing toy that was popular in the 1970s attended the by March 15. Go to the website for with children. High Roller received Summit grows mortgage biz University of Colorado-Boulder and more information about how to enter. $89,000 from Kickstarter.com about On the residential side, Sum- lived in Lafayette earlier in his career. a year ago to make 300 Big Wheels, mit Bank and Trust in Broomfield The new Home State Bank SBA capital investment said Matt Armbruster, company presi- expects to receive approval from branch is home of the former Guar- If you’re looking for funding, but dent. Armbruster said he is now ready regulators soon to expand into an anty Bank and Trust Co., which con- you’re older than 22 and can’t apply to ask for more funding from Kick- additional 5,000 square feet of space solidated locations in Boulder. Home for the contest I just mentioned, the starter fans to build more Big Wheels. next to its current mortgage opera- State has $627.8 million in assets, a U.S. Small Business Administration Another toy — the Atoms Express tions office in Greenwood Village. branch in Longmont and eight loca- might be able to help. Toy, made by Seamless Toy Co. in Summit Bank’s mortgage business tions in Northern Colorado. The SBA has a capital investment Boulder — closed its Kickstarter has been so busy that the existing program that helps entrepreneurs funding round at $183,232 on Jan. 1, office at 5340 S. Quebec St. was U.S. Bank youth contest obtain money to license their ideas. raising nearly double the $100,000 bursting at the seams. Jeff Bishop is Young people from ages 13 to 22 Such companies must raise at the company asked for. Production of the bank’s mortgage manager over- can share their ideas for entrepre- least half of their own investment the toys has yet to start, according to seeing the location. neurial ventures that have potential dollars. a company spokeswoman. impacts on the community for a Why does it seem as though there’s Home State Bank hiring chance at a $15,000 grand prize. so much focus on startup companies Beth Potter can be reached at 303- Meanwhile, Home State Bank is U.S. Bank (with parent U.S. Ban- right now? President Obama’s ongoing 630-1944 or [email protected].

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12GBT BCBR Ad_CLazyUFO.indd 1 7/9/12 2:19 PM Boulder County Business Report | www.bcbr.comCERTIFIED PUBLIC ACCOUNTANTS Jan. 18-31, 2013 | 13A BUSINESS CERTIFIED PUBLIC ACCOUNTANTS REPORT (CPAs in Boulder and Broomfield counties ranked by number of local CPAs on staff.*) LIST (CPAs in Boulder and Broomﬁeld counties ranked by number of local CPAs on staff.*) Phone No. of CPAs in counties Managing Website RANK Company No. of employees in counties Areas of specialty/services partners Year founded BROCK AND CO. CPAS PC 22 Manufacturing, construction, high-net-worth individuals, estates, trusts, real Mark Kaufmann 303-444-2971 1930 17th St., Suite 200 32 estate, distribution, transportation, financing, profit improvement services, fraud president www.brockcpas.com 1 Boulder, CO 80302 investigation. 1956 EKS&H 19 Audit, tax planning and business consulting services that include financial Bob Hottman 303-448-7000 1155 Canyon Blvd., Suite 400 27 modeling, business valuation, strategic planning, business transition planning and CEO www.eksh.com 2 Boulder, CO 80302 real estate cost segregation. 1978 KINGSBERY CPAS, A PROFESSIONAL 17 Tax return preparation, planning and consulting for all entities including Mary Kay Gondrezick 303-444-2240 CORPORATION 7 corporations, partnerships, estates, trusts and nonprofits. Tax prep, planning and managing shareholder www.kingsberycpas.com 3 1470 Walnut St., Suite 200 consulting for individuals. 1980 Boulder, CO 80302 CLIFTONLARSONALLEN LLP 14 Tech, software, manufacturing and distribution, government, construction and real Bill Petri 303-466-8822 370 Interlocken Blvd., Suite 500 29 estate, employee benefit plans, business valuations, litigation support, financial partner in charge www.cliftonlarsonallen.com 4 Broomfield, CO 80021 planning and asset management. 1960 EIDE BAILLY LLP 10 Accounting services, audit and assurance, employee benefits, enterprise rick Rudy Rudolph 303-443-1911 One Boulder Plaza, 1811 13th St., Suite 210 12 management, financial services, forensics and valuation, health care reform, tax office managing www.eidebailly.com 5 Boulder, CO 80302 services, technology consulting. partner 1917 MIDDLEMIST, CROUCH & CO. 6 Audit and tax services for business, governments, nonprofits and individuals. Catherine Middlemist 303-449-4025 2960 Center Green Court 10 Jeanne Crouch www.middlemist-crouch.com 6 Boulder, CO 80301 1998 CAHILL, O'KELLY & ASSOCIATES PC 5 Accounting and consulting services for individuals and businesses, audits, Ed Cahill 303-440-0400 4810 Riverbend Road 10 reviews, compilations, tax planning and compliance, business valuation and Patrick O'Kelly www.cahillokelly.com 7 Boulder, CO 80301 litigation support. 2001 JBSK CPAS LLP 5 Business startup consulting, tax, computer consultation, business planning and John Burcham 303-651-3626 1715 Ironhorse Drive, Suite 210 10 consulting, asset protection, real estate and agriculture taxation. www.jbskcpas.com 8 Longmont, CO 80501 1969 CNE CPAS AND ADVISORS PC 5 Accounting, auditing, tax preparation and planning, management consulting and Barbara Clausen 303-678-5392 916 S. Main St., Suite 202 9 bookkeeping for businesses and individuals. president www.cnecpas.com 9 Longmont, CO 80501 2003 FLEWELLING & COMPANY PC 5 Income tax preparation and planning, audits of nonprofits, small business financial Kristin L. Flewelling 303-499-7445 287 Century Circle, Suite 200 7 consulting and accounting services. president www.flewellingcpa.com 10 Louisville, CO 80027 1998 KURTZ FARGO LLP 5 Assurance, tax and advisory services. Specific expertise in: startups, emerging Matt Fargo 720-310-2078 2045 Broadway, Suite 300 7 growth, technology, real estate, natural and organic products, professional Chester Kurtz www.kurtzfargo.com 11 Boulder, CO 80302 services and creative agencies. partner 2010 partner HAYWARD & ASSOCIATES PC 4 Tax planning and exit strategies for small- and medium-sized businesses. Tax and Craig Hayward 303-440-4711 2581 Park Lane 8 financial planning for high-net worth individuals and small- to medium-size www.haywardpc.com 12 Lafayette, CO 80026 business entities. 1980 ANDERSON DERR CPAS PC 4 Individual and small-business tax. Ray Derr 303-772-0621 825 Delaware Ave., Suite P203 7 Steve Anderson 1979 13 Longmont, CO 80501 GRAHAM & CO. PC 4 Tax consulting and preparation for businesses, individuals, estates and trusts; John Graham 303-253-7900 1295 S. Broadway, Suite B 6 specializing in expatriates, foreign nationals, manufacturing, real estate and CPA, PFS www.grahamcpas.com 14 Boulder, CO 80305 service businesses. 2009 WATSON & ASSOCIATES CPAS LLC 4 Federal and state tax planning and return preparation for individuals, businesses, Timothy P. Watson 303-630-0450 1790 38th St., Suite 106 5 trusts, and estates. Accounting services and business consulting. www.watson-cpas.com 15 Boulder, CO 80301 2010 WENDELL WALKER & ASSOCIATES CPAS 4 High-income and net worth individuals, financial planning, auditing and Wendell Walker 303-449-1386 1420 28th St., Suite 100 5 bookkeeping services. Business valuations for acquisitions, sales, gifts and www.wendellwalkercpa.com 16 Boulder, CO 80303 estates. 1970 KIRKLAND & CO. CPAS PC 3 Tax planning, tax compliance, accounting and consulting for individuals and J. Michael Kirkland 303-772-4434 606 Mountain View Ave., Suite 102 10 closely held businesses. president www.kirklandcocpa.com 17 Longmont, CO 80501 1999 BOULDER BUSINESS ADVISORS CPA PC 3 QuickBooks and business startup specialists: Providing best practice and Cloud James Graham 303-449-9222 1221 Pearl St. 8 centric accounting, payroll, compliance and virtual-CFO solutions. president, founder www.BBAcpa.com 18 Boulder, CO 80302 2000 O'DONNELL, FOWLER & PLASTER LLC 3 Accounting, tax and advisory services for small- to medium-size businesses. Tax Todd O'Donnell 303-776-5908 1325 Dry Creek Drive, Suite 202 6 and advisory services for individuals. Rachel Fowler www.ofp-cpa.com 19 Longmont, CO 80503 1977 GARY A. JACOBS & ASSOCIATES PC 3 Small-business consulting, tax services and financial statement preparation. Gary A. Jacobs 303-530-5700 5305 Spine Road, Suite D 5 1996 20 Boulder, CO 80301 WEATHERWAX & ASSOCIATES PC 3 Tax preparation and advisory services for high-income individuals, small business, Michael D. 303-499-6711 2995 Baseline Road, Suite 310 4 real estate owners, partnerships and trusts. Weatherwax www.wxwax.com 21 Boulder, CO 80303-2318 president 1982 WILLIAMSON AND CO. PC 2 Full-service, individuals, small businesses, tax planning and preparation, Alan C. Williamson 303-604-0829 400 S. McCaslin Blvd., Suite 205 15 accounting services, CFO/controller services, Financial, business plan review, president www.willcocpa.com 22 Louisville, CO 80027-9701 payroll/sales tax. 2006 HENRY, WATERS & ASSOCIATES INC. 2 Tax, accounting, payroll and QuickBooks services for small- to medium-size Steven T. Henry 303-494-4050 4740 Table Mesa Drive 11 businesses. principal www.HenryWaters.com 23 Boulder, CO 80305 1978 BEDELL & ASSOCIATES PC 2 Tax returns, tax planning and business operations consulting, QuickBooks Rick Bedell 303-440-8866 3223 Arapahoe Ave., No. 305 5 consulting. Choice of entity planning. www.rmbedell.com 24 Boulder, CO 80303 1987 LATINO & ASSOCIATES PC 2 Tax preparation and consulting, assistance with buying and selling of business, Frank P. Latino 303-444-4327 2590 Trailridge Drive E., Suite 201 5 business consuting, bookkeeping, and compilation of financial statements. president www.latinocpas.com 25 Lafayette, CO 80026 1974 Researched by Mariah Gant * Second ranking criteria is number of employees. N/A: Not available. Source: Business Report Survey 14A | Jan. 18-31, 2013 Boulder County Business Report | www.bcbr.com BUSINESS SBA LENDERS REPORT SBA LENDERS LIST (Ranked(Ranked by by gross gross amount amount of ofSBA SBA loans loans made made in Boulder in Boulder and Broomﬁeld and Broomfield counties.) counties.)

National headquarters Boulder/Broomfield counties Phone/Fax RANK Company dollar volume 2012 Total loans 2012 Website Year founded GUARANTY BANK & TRUST CO. $5,980,000 3 Denver Paul Taylor 1331 17th St. 303-312-3188 CEO, president 1 Denver, CO 80202 www.guarantybanking.com 1955 WELLS FARGO BANK N.A. $5,745,000 22 Sioux Falls, South Dakota John G. Stumpf 101 N. Phillips Ave. 1-800-956-4442 CEO, president 2 Sioux Falls, SD 57104 www.wellsfargo.com 1874 LIVE OAK BANKING CO. $4,168,000 5 Wilmington, North Carolina James S. Mahan III 2605 Iron Gate Drive., Suite 100 877-890-5867/910-790-5868 CEO 3 Wilmington, NC 28412 www.liveoakbank.com 2007 AMFIRST BANK N.A. $2,265,000 4 McCook, Nebraska Mark Korell 602 W. B St. 308-345-1555/308-345-7844 president 4 McCook, NE 69001 www.amfirstbank.com 1906 HOME STATE BANK $2,064,200 1 Loveland Harry Devereaux 935 N. Cleveland Ave. 970-669-4040 president 5 Loveland, CO 80537 www.homestatebank.com 1950 KEYBANK N.A. $1,869,000 4 Cleveland, Ohio Christopher M. Gorman 127 Public Square 216-689-6300/216-689-7827 president, CEO 6 Cleveland, OH 44114 www.key.com 1949 CELTIC BANK CORP. $1,500,000 4 Salt Lake City, Utah Phil Ware 340 East 400 South 801-363-6500/801-363-6562 president 7 Salt Lake City, UT 84111 www.celticbank.com 2001 COMMUNITY REINVESTMENT FUND $1,400,000 1 Minneapolis, Minnesota Frank Altman 810 Nicollet Mall, Suite 1700 612-338-3050 CEO, president 8 Minneapolis, MN 55402 www.crfusa.com 1988 U.S. BANK N.A. $1,317,500 9 Cincinnati, Ohio Richard K. Davis 425 Walnut St. 513-632-4141 CEO, president 9 Cincinnati, OH 45202 www.usbank.com 1863 HANMI BANK $1,210,000 1 Los Angeles Jay S. Yoo 3660 Wilshire Blvd., PH-A 213-382-2200 CEO, president 10 Los Angeles, CA 90010 www.hanmi.com 1982 JPMORGAN CHASE & CO. $1,133,900 13 New York Jamie Dimon 1111 Polaris Pkwy 614-436-3055/312-732-3366 CEO 11 Columbus, OH 43240 www.chase.com 1924 BANK OF THE WEST $984,000 3 San Francisco J. Michael Shepherd 180 Montgomery St. 925-942-8300 CEO 12 San Francisco, CA 94101 www.bankofthewest.com 1874 BBCN BANK $963,000 1 Los Angeles Alvin D. Kang 3731 Wilshire Blvd., Suite 1000 213-639-1700/213-235-3033 CEO 13 Los Angeles, CA 90010 www.bbcnbank.com 1986 COBIZ BANK $765,000 2 Denver Steven Bangert 821 17th St. 303-312-3412/303-293-0700 CEO 14 Denver, CO 80202 www.cobizbank.com 1978 COMMERCE BANK $450,000 2 Kansas City, Missouri David W. Kemper 1000 Walnut St. 816-234-2000 CEO, president 15 Kansas City, MO 64141 www.commercebank.com 1865 NEWTEK SMALL BUSINESS FINANCE INC. $429,000 1 New York Barry Sloane 1440 Broadway, 17th Floor 800-749-8707/212-643-0340 president and CEO 16 New York, NY 10018 www.newteksbfinance.com 1998 WILSHIRE STATE BANK $380,000 1 Los Angeles, California Joanne Kim 3200 Wilshire Blvd., 14th Floor 213-368-7700/213-427-6562 CEO, president 17 Los Angeles, CA 90010 www.wilshirebank.com 1980 COMPASS BANK $375,000 6 Birmingham, Alabama Manolo Sanchez 15 S. 20th St. 205-297-3000/303-280-5155 president 18 Birmingham, AL 35233 www.compassweb.com 1964 GREAT WESTERN BANK $350,000 3 Sioux Falls, South Dakota Ken Karels 100 N. Phillips Ave. 605-334-2548 CEO, president 19 Sioux Falls, SD 57104 www.greatwesternbank.com 1935 FIRSTBANK $250,000 1 Lakewood John Ikard 10403 W. Colfax Ave. 303-232-3000/303-581-2538 president 20 Lakewood, CO 80215 www.efirstbank.com 1963 MOUNTAIN VIEW BANK OF COMMERCE $200,000 1 Westminster Andy Ellison 12365 Huron St. 303-243-5400/303-243-5435 president and CEO 21 Westminster, CO 80234 www.mvbofc.com 2008 RAWLINS NATIONAL BANK $150,000 1 Rawlins, Wyoming Richard Chenowith 220 Fifth St. 307-324-2203/303-772-2487 president 22 Rawlins, WY 80501 www.rnbonline.com 1898 VECTRA BANK COLORADO N.A. $150,000 1 Denver Bruce Alexander 2000 S. Colorado Blvd., No. 2-1200 720-947-7700/720-947-7760 CEO, president 23 Denver, CO 80222 www.vectrabank.com N/A VERUS BANK OF COMMERCE $100,000 1 Fort Collins Gerard Nalezny 3700 S.College Ave., Unit 102 970-267-6560/970-204-1590 Mark Allen Kross 24 Fort Collins, CO 80525 www.verusboc.com co-founders 2005 Source: U.S. Small Business Administration Researched by Mariah Gant Boulder County Business Report | www.bcbr.com Jan. 18-31, 2013 | 15A Some area bankers wary of Swiss talks’ outcome to hold to cover they had for such loans over what Basel III rule’s foes bad loans, since they had to hold in the past, he said. various banks Real estate lending will not change calculate potential use various risk- at FirstBank’s Boulder branches, said analysis metrics Brian Larson, president of the Boul- costs of compliance to decide how der arm of FirstBank Holding Co., much money to the parent company in Lakewood. BY BETH POTTER loan and how FirstBank will continue “busi- [email protected] much to hold in ness as usual” in 2013, including Chesney Childears Larson reserve. its busy mortgage lending practice, BOULDER — A global bank- “It’s not quite Larson said. Community banks in ing standard being decided half- as simple as just naming a number. cally about how Basel III rules might the United States should not have way around the world could have a But everything (Basel III Committee affect commercial and residential to follow rules of big international big impact on how much money is regulators are) talking about is just real estate lending in Colorado. Pos- banks, Larson said. loaned to local companies and indi- excessive,” Childears said. sible new rules could require banks Flatirons Bank President Kyle viduals in 2013, several bankers said. Childears said he worried specifi- to hold double the amount of capital ➤ See Swiss, 16A The Basel III Accord would require banks to hold 4.5 percent of their equity, among other things. The Basel III rules and others — including the domestic Dodd-Frank Act on banks passed in 2010 — could cost banks as much as an additional 4 percent to deal with compliance issues, according to Tom Chesney, president of AMG National Trust Bank’s commercial banking division, based in the Boulder office. Chesney based his estimate on a bank with 100 employees needing three or four compliance officers to deal with new regulations. “Basel III has the potential to affect us,” Chesney said. Compliance requirements “are an added expense and consume a lot of resources.” AMG and other banks with less than $10 billion in assets have joined together with others in the industry to lobby to be exempt from potential new Basel III regulations. Most community banks exceed the proposed new capital standards anyway, but it still costs them money to show that they comply, Chesney said. Basel III is so-named because global banking supervision committee regulator talks are being held in Basel, Switzerland. The new standards were supposed to go into effect at banks around the globe on Jan. 1 but now have been pushed back to 2015. The new regulations are being developed to respond to regulation problems that were revealed in a financial crisis in the United States that started in 2008 related to mortgage loans. Such new regulations could slow annual gross domestic product growth for various nations by as much as 0.15 percent, according to estimates from the Organization for Economic Cooperation and Devel- opment, a European development group. Requiring banks to hold more capital than they currently do can cause “really bad consequences,” said Don Childears, president and chief executive officer of the Colorado Bankers Association, a member lobbying group. In advance of potential new regulations, U.S. banks already are holding capital at a historic high rate of more than 16 percent, Childears said. He did not say how much capital he thought banks should be required 16A | Jan. 18-31, 2013 Boulder County Business Report | www.bcbr.com Business Hall of Fame seeks nominations BY BUSINESS REPORT STAFF viduals since the program’s incep- Nominees will be evaluated Wednesday, April 24. Both events [email protected] tion in 1993. based on favorable impact on the will be at The Conference Center, Nominations are being accepted community, notable business inno- 1850 Industrial Circle, Longmont. LONGMONT – The Boulder at www.halloffamebiz.com, through vations, corporate philanthropic To become a sponsor of the 2013 County Business Hall of Fame is activities, personal involvement in Boulder County Business Hall of accepting nominations for its class such activities, business and civic Fame program, contact Chris Wood of 2013. achievements and other criteria. at 303-630-1942, email cwood@ The Hall of Fame honors individ- The deadline for nominations is bcbr.com, or Kevin Loewen at 303- uals who have been instrumental, Jan. 31. Inductees will be selected 630-1945, email kloewen@bcbr. through business-related efforts, an online form or a form that can be by the board of the Hall of Fame. com. in providing direction, energy and downloaded, completed and mailed A cocktail reception for 2013 The Conference Center in Long- support to the shaping of Boul- to Boulder County Business Hall of inductees, past members and spon- mont hosts the Hall of Fame and der County. That honor has been Fame, P.O. Box 2081, Longmont, sors will be held March 20, and the contains a wall lined with plaques bestowed on more than 155 indi- CO 80502. public awards luncheon is slated for highlighting the hall’s members.

Still drinking bottled INVESTORS from 11A water at the office? changes, not only on capital gains UBS locally is an arm of UBS That’s because even wealthy but on other tax changes, including AG, a Swiss financial services com- individuals often want to keep such Go Bottle-less for $1 a day discussions about the federal estate pany based in Basel and Zurich with funds as safety nets for their own tax. As part of Congress’ decision, a worth of more than 2.2 trillion long-term financial security, rather Braun said, the federal payroll tax Swiss francs under management. than put the money in trusts for went up 2 percent for virtually When all was said and done their children or other financial every American taxpayer. in federal budget wrangling, the arrangements, Simon said. Braun said he did not recom- estate- and gift-tax exemption “Many strategies popped up, of, mend that long-term investors liqui- remained at $5 million per indi- ‘How can I give it away, but not date assets because of tax changes. vidual, but the current 35 percent ultimately lose control of it if I However, if investors already had top tax rate on amounts above the need it’,” Simon said. “Should I take Filtered Water Coolers been planning to liquidate some exemption increased to 40 percent advantage of something to gift as assets, Braun said he advised them in 2013, according to federal rules. much as $5 million to my heirs? It’s Cleaner + Greener + Responsible to do it before the end of December On Simon’s advice, a client saved a good problem to have for anyone 720-320-6630 rather than waiting for new rules about $1.4 million in taxes created who is concerned about it.” to go into effect — and several did. by the changes in the estate- and Such financial tax issues wax and clearH2Ocoolers.com gift-tax exemption by creating a wane with different elected officials trust for a new baby born in Decem- in Congress, Simon said, adding ber, Simon said. Simon and his that future lawmakers may change colleagues at BSW Wealth Partners the tax laws in other ways. evaluated the estate-tax changes for BSW Wealth Partners manages every family it represents that have about $750 million for about 220 such resources, he said. Ultimately, client families, mostly in Boulder very few families actually changed but also along the Front Range as their plans because of the new fed- well as in the San Francisco Bay Business Loans eral rules, he said. area, Simon said.

SWISS from 15A Merchant Services Adams Heckman said he felt the same way. son & Lyons LLC in Denver. “It’s a proposed one-size-ﬁts-all “There may be some negative Bank & solution to an industry with diverse effects on liquidity at community bank types,” Heckman said. banks, but there’s a real effort to get Many different industry groups are it rolled back or changed so that some Trust is lobbying to keep the potential new of these consequences that are sup- ready Business Accounts regulations from going into effect, posedly unintended consequences said Tennyson Grebenar, a bank ana- don’t negatively affect community lyst and lawyer at Rothgerber, John- banks,” Grebenar said.

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BCBR Lists and Directories available in Excel www.BCBR.com abtbank.com Boulder County Business Report | www.bcbr.com Jan. 18-31, 2013 | 17A Survey: Business optimism lukewarm in state

BY BUSINESS REPORT STAFF of 51.3, down slightly from 51.6 in the ment growth and the resolution of Business leaders’ sales expecta- [email protected] fourth quarter of 2012. the federal debt crisis,” said economist tions for the first quarter increased A reading greater than the neutral Richard Wobbekind, executive direc- to 54.4, up from 53.2 last quarter, BOULDER — Colorado business mark of 50 indicates positive expec- tor of the Business Research Division. and are buoyed by 44.1 percent of leaders’ optimism is modest going tations and one less than 50 indicates “While Colorado business leaders index respondents who anticipate an into the first quarter of 2013 with negative expectations. have stronger confidence in the local increase in the first quarter versus uncertainty surrounding the nation’s Business leaders are optimistic economy than the national economy, 25.2 percent who predict a decline. political and economic environments, about all of the metrics of the quarter- they’re proceeding very cautiously.” Meanwhile, leaders’ profit expec- according to the most recent quarterly ly index except for the national econ- Confidence in the state economy, tations fell to 51.6, down from 52.2 Leeds Business Confidence Index, omy and industry hiring plans. The which is at 55.5 points for the first for the last quarter of 2012. released by the University of Colorado other categories measured include the quarter of 2013, outstrips that of the Hiring expectations have slipped Boulder’s Leeds School of Business. state economy, industry sales, indus- national economy, which posted a read- into negative territory at 49.3, down For the first quarter of 2013, try profits and capital expenditures. ing of 47. The outpacing of confidence from 51 in the last quarter of 2012, the index, conducted by the Leeds “For months, drags on the national in Colorado’s economy compared with while expectations about capital School’s Business Research Division, economy have included the European the national economy is a 30-quarter expenditures remain close to neutral posted an overall confidence reading debt crisis, the slow rate of employ- trend, based on index results. at 50.1. Erie to annex land for large development

BY MICHAEL DAVIDSON [email protected]

ERIE — The town of Erie will annex 632 acres in Weld County that will become the Summerfield master-planned community, following a town board vote Jan. 8. The land, at the corner of Colo- rado Highway 52 and Weld Coun- ty Road 7, is owned by Section 4 Investors LLC, which is a limited liability corporation related to Community Development Group, the company that developed communities such as Erie Commons in Erie and Coal Creek Village in Lafayette. COURTESY OAK AT FOURTEENTH Summerfield is several years High-end restaurants in downtown Boulder such as Oak at Fourteenth, seen here, Frasca Food and Wine, and Mateo from development, Communi- see repeat clients sometimes three or four times per week. Such restaurants also are considered destinations for diners ty Development Group execu- from Denver and along the Front Range. tive vice president Jon Lee said. According to documents filed with Erie, build-out will take place over 10 to 15 years. Restaurants nourish Boulder’s economy The current plan is to build up to 2,200 units, without about half BY BETH POTTER repeat clients sometimes three October, according to a press targeted to the “active adult” mar- [email protected] or four times per week, he said. statement from the National Res- ket and the remainder for families, Such restaurants also are con- taurant Association. The index Lee said. That equals more than BOULDER — Downtown sidered destinations for diners is created using same-restaurant 5,000 residents, according to the Boulder’s more than 100 res- from Denver and along the Front sales information and customer average residents-per-unit esti- taurants in a four- or five-block Range, Maher said. traffic, according to the trade mate used by the town. radius account for more than half “People here eat out more than group. There also will be a commercial the sales tax revenue generated practically anywhere else in the Any index value below 100 component along Highway 52, Lee in the central business district, country other than maybe San represents a period of contrac- said. according to the head of a local Francisco and Manhattan,” Maher tion for key industry indicators, Plans could be modified as trade group. said. “In the last 10 years, we have however, according to the trade Summerfield moves further While specific revenue statis- added several hundred residential group. Labor “softness” and capi- along in the planning process. tics were not immediately avail- units, so we have affluent people tal spending indicators led to the “It’s so dependent on what the able, Boulder has one of the high- down here.” lower-than-100 value in Novem- market does, what demand is est per capita ratios of people who Boulder restaurants’ health ber, the trade group said. and what developer interest is,” eat out of any city in the nation, appears to mirror national restau- In Colorado, restaurant receipts Lee said. said Sean Maher, executive direc- rant health and growth, according are expected to grow 4 percent to Lee said Community Devel- tor of Downtown Boulder Inc. to an index from the National $9.46 billion in 2013 from $9.1 opment will move the project High-end restaurants such as Restaurant Association, an indus- billion in 2012, according to the through the planning and enti- Oak at Fourteenth, 1400 Pearl try trade group in Washington, trade group. Colorado restaurant tlement process, build backbone St.; Frasca Food and Wine, 1738 D.C. The group’s national Res- employment is expected to grow infrastructure and then work with Pearl St.; and Mateo, 1837 Pearl taurant Performance Index rose by 1.9 percent at the same time, homebuilders to plan lots. The St.; all in downtown Boulder, see 0.5 to 99.9 in November from according to the trade group. company does not build homes, he said. 18A | Jan. 18-31, 2013 Boulder County Business Report | www.bcbr.com Managers should take lead from Magellan Kosdrosky to lead agellan was best known created throughout the company. pursuit of the vision, and the as the first explorer to Part of what you have the power attainment of the goals. Broomfield EDC Msuccessfully navigate to do as a manager is to work to Establish a plan of action to BY MICHAEL DAVIDSON from the Atlantic Ocean to the shape your vision, the vision of achieve the vision. It is possible [email protected] Pacific Ocean — these earlier those on your staff, and the vision to move “what is” closer to “what navigators used the stars to guide of the company in a way that gives could be” — but not alone and BROOMFIELD — The their way. meaning to the goals you work to not without a plan. The last step Broomfield Economic Devel- When I look up at the stars set. in visioning is to establish a plan opment Corp. has a new leader over the Flatirons on a clear black Know your of action. Develop the goals that for the fourth time in slightly night, I think about how we apply company’s give life and action to the vision. more than two years. the principles of navigation to our vision. A vision Here is where leader and follower Mike Kosdrosky is the organi- roles as a manager or sales man- is different are joined in their commitment to zation’s new executive director. ager within our organization. from goals or the vision. Kosdrosky You may not realize it, but as a mission. It Think about how your personal was pro- a manager, you must often serve expresses a vision and goals fit with the vision moted from as a navigator. You set the course view of what and goals of your company. Is it a within, he for your sales team, or for your could be. The good fit, or a forced fit? The best said, after department. You set a course for SALES SMARTS vision, and fit is when your vision coalesces the board yourself. You help your staff set Bob Bolak sharing in the with the company’s vision. When of directors their courses individually, and vision, can you achieving your goals helps decided not within the team context. You are motivate and inspire us to reach the company achieve its goals, to renew constantly navigating. You map our goals. synergy is created. Imagine what Kosdrosky past presi- out territories, chart steps to take, Determine your company’s would happen if the vision of each dent and test the conditions, correct oth- vision, and share that vision with team member coalesced with chief execu- ers who have strayed off course, your staff. This creates a context your vision for the team? What tive Stephanie Salazar’s contract, and try to reach the destinations in which company goals make if their goals led to attainment of which ended Dec. 31. determined for you, in large, by personal sense to employees, your goals? Kosdrosky said his goal is to the company. which in turn is a powerful moti- If you were to set out to make broaden the BEDC’s focus and The course the company takes vating dynamic. some or all of your visions become to oversee its evolution into a is largely determined by its vision, Involve everyone who might be a reality, what goals would you set regional group. just as the course we take in life affected. A leader with a vision to get there, in the real world? “Our business investors/ as individuals is determined by needs to share that vision with board members have expressed our personal vision. When per- everyone who will be affected Bob Bolak is the owner and a need for a collaborative sonal visions and goals are in by it. The navigator informs the president Sandler Training in regional economic develop- alignment with team visions and crew. The crew knows the desti- Boulder and can be reached ment organization,” he wrote goals as well as company visions nation. They are then empowered at 303- 991-0502 or bbolak@ in an email. “We believe that and goals, a powerful synergy is with the capacity to share in the sandler.com. ➤ See Kosdrosky, 27A

Realities for Children Boulder County RFCBC is a non-proﬁt 501(c)3, issue driven marketing and charitable corporation. We promote Boulder County businesses who reinvest in their community to the principled consumers of our county. Join our business association and your marketing dollars are leveraged both for consumer exposure and our ability to see that 100% of each dollar we raise aides abused & neglected youth of Boulder County. ‘CHANGE’ A LIFE ... ADOPT A PIGGY! Join RFCBC’s “Adopt A Piggy” program! Busi- nesses, families, civic groups and faithbased organizations can adopt a piggy bank and attempt to ﬁlling it by April 1st. Every penny raised funds scholarship monies for Boulder County youth who have thrived despite childhood abuse and neglect. Please contact us to adopt your very own piggy bank! Feed a piggy and “change” a life!

For more information about how YOU can become a business member of RFCBC and have your brand associated with improving the lives of Boulder County’s abused and neglected youth, contact us at (720) 420-9780. Membership is a tax deductible marketing expense. Be seen. Be heard. Be a member of RFCBC. Boulder County Business Report | www.bcbr.com Jan. 18-31, 2013 | 19A

BCBRDAILY from 2A K2 buys Backcountry Access oper Scott Pedersen submitted a debtors, and the total of its liabili- tions. Golden Spike estimates it BOULDER — Backcountry proposal to build two hotels on the ties are between $1 million and will be able to launch its first mis- Access Inc., the company that cre- site of the Best Western Golden $10 million. It owes $2.3 million sion for between $7 billion and $8 ated a flotation airbag safety device Buff Lodge, which is just north- to its 20 largest debtors, according billion, which also would finance to help people trapped in avalanch- west of Eads. to its filing. the company’s startup costs and es, has been acquired by Seattle- Pedersen Development Co. Posted Jan. 3. investments. based K2 Sports. Financial terms of is under contract to acquire the Posted Jan. 3. the deal were not disclosed. Golden Buff property and plans Firm to design lunar lander The two companies are “a per- to build two hotels — a 212-room BOULDER —Golden Spike Smart Balance rebrands fect match” for each other as K2 full-service hotel and a 137-room Co., a private venture that wants BOULDER — Smart Balance gets ready to introduce a new line extended stay hotel — if its plans to offer commercial expeditions to Inc. changed its name to Boulder of all-terrain ski boots and split- go through. the moon by the end of the decade, Brands Inc. on Jan. 2, and the boards to the backcountry market, Posted Jan. 7. will pair with Northrop Grumman relocation of its principal corpo- Bruce Edgerly, co-founder of Boul- Corp. to design its lunar lander. rate office to Boulder remains on der-based Backcountry Access, said EnergySmart rebates return Golden Spike, which is based schedule to take place this sum- in a press statement. BOULDER — Businesses and in Boulder and was founded in mer. The company’s Nasdaq ticker The BCA brand will continue to commercial property owners in 2010, entered into a contract with symbol changed from SMBL to thrive and the company’s approxi- Boulder County can apply for a Northrop Grumman (NYSE: BDBD. mately 34 people will remain in new round of rebates for energy NOC), a Falls Church, Virginia- The name change, announced Boulder, Edgerly said. Once the efficiency upgrades through the based aerospace company. last year, reflects the company’s sale is complete, Backcountry EnergySmart program. Golden Spike’s strategy for get- transformation to a company with expects to focus on ventures such Rebates totaling $250,000 will ting to the moon relies on existing multiple brands, including in the as product development and mar- be available for business or com- rocket technology and work being natural-foods industry. keting and to take advantage of mercial property projects com- done by other companies to devel- The company’s brands consist K2’s expertise in finance, account- pleted from Jan. 1 through April op spacecraft for the crew. The of Smart Balance, Udi’s, Glutino, ing and logistics. 15, or until funds are committed. lander is the only vehicle Golden Earth Balance and Best Life. Glu- K2 Sports is held by Jarden Boulder County, in collabora- Spike needs to design, according tino and Udi’s focus on gluten-free Corp. (NYSE: JAH). tion with the cities of Boulder and to the release. diets; Earth Balance focuses on Posted Jan. 8. Longmont and Boulder County Northrop Grumman will plant-based diets; Smart Balance Public Health, designed the Ener- develop reliability, operability and targets heart healthier diets; and Neptune outdoor store sold gySmart program to address the affordability standards and con- Bestlife centers on weight manage- BOULDER — Family-owned barriers that residents and busi- sider concept proposals, the release ment. outdoor gear and clothing retail nesses face when considering ener- said. As part of the name change, store Neptune Mountaineering gy efficiency projects. The program Golden Spike launched pub- the company’s website and email Inc. has been acquired by Back- launched Jan. 25, 2011. licly last month and announced it domain will change to www.boul- woods, an outdoor retail chain EnergySmart is offering rebates will provide trips to the moon for derbrands.com. based in Austin, Texas. Financial to businesses and commercial nations, individuals and corpora- Posted Jan. 2. terms of the sale were not dis- property owners for more than closed. 120 energy-efficiency measures. Neptune Mountaineering will Previously awarded rebates will not keep its name and all employees, count toward caps in this round. according to a Backwoods press Solar photovoltaic and other renew- statement. New outdoor product able energy measures are eligible 2013 Economic Forecast: Boulder & Beyond lines may be added in the future, for rebates for commercial proper- Jennifer Mull, chief executive of ties that achieve 15 percent energy Backwoods, said in an email. savings through EnergySmart. Thank you! The iconic Boulder store is More information is available at We sincerely appreciate the sponsors and participants who made our known for its informal “museum” www.EnergySmartYES.com or by event a great success. We couldn’t have done it without you. of climbing and skiing gear and calling 303-441-1300. More at www.bouldereconomiccouncil.org/news-events/ pictures from the expeditions of Posted Jan. 4. the store’s founder Gary Nep- tune. The store is expected to MicroPhage seeks protection Presenting Sponsor Gold Sponsors keep its atmosphere and culture, LONGMONT — MicroPhage Backwoods said. Neptune will Inc., a Longmont-based company continue to be involved with the that makes medical tests that can store. detect staph infections and deter- Neptune Mountaineering, at mine whether they are resistant to 633 S. Broadway in Table Mesa antibiotics, has filed for Chapter 11 Shopping Center, carries climb- bankruptcy protection, with debts ing, backpacking and backcountry in excess of $2.3 million. Silver Sponsors Media Sponsors ski equipment and gear, as well as MicroPhage will attempt to reor- related apparel and footwear. ganize, according to documents Posted Jan. 7. filed Dec. 28 with the Colorado District of the U.S. Bankruptcy Eads closes after 100 years Court. BOULDER — Eads News and Founded in 2002, MicroPhage Smoke Shop, an iconic Boulder develops blood tests that iden- Bronze Sponsors retailer that would have celebrated tify bacterial infections. Its first its centennial this year but whose product is the KeyPath MRSA/ future had been in question for MSSA blood culture test, which months, has officially closed. identifies Staphylococcus aureus The shop’s last day on Jan. 6 was and whether it is MRSA resistant. marked by banners proclaiming MRSA infections do not respond that the shop was “closing after 100 to antibiotics usually prescribed to years” and advertising cigars for up treat infections and require more General Sponsors to 75 percent off. advanced treatment. They increas- Boulder County, eSpace: The Center for Space Entrepreneurship, Xcel Energy A “for sale” sign went up on the ingly are prevalent among hospi- shop on the northwest corner of talized patients, according to the Boulder Economic Council | 303.786.7567 | BoulderEconoimcCouncil.org 28th Street and Canyon Boulevard National Institutes of Health. late last spring, shortly after devel- MicroPhage has from 50 to 99 20A | Jan. 18-31, 2013 Boulder County Business Report | www.bcbr.com FOR THE RECORD PEREZ, 1190 ALTER WAY, BROOM- DATE: 12/10/2012 12/14/2012 FIELD. LENDER: US BANK NATION- Bankruptcies Foreclosures Judgments DEBTOR: TWILA MAUCK, CREDI- DEBTOR: GREGG S BARUCH, AL ASSOCIATION, AMOUNT DUE: Applications for bankruptcy Includes notices of election Judgments constitute deci- TOR: LIBERTY ACQUISITIONS SER- CREDITOR: COLO ST REV- $124464. CASE #16246. 12/12/2012 protection are filed with the and demand filed by credi- sions by a court of law VICING. AMOUNT: $3878.2. CASE ENUE. AMOUNT: $1773.96. CASE U.S. Bankruptcy Court in tors alleging default on a against an individual or BORROWER: WILLIAM PATRICK, #C-12C-003223. DATE: 12/10/2012 #D-D72010CV802022. DATE: 13006 GROVE CIR, BROOMFIELD. 12/14/2012 Denver. Chapter 7 denotes debt. Foreclosures are not corporation for payment of DEBTOR: RONALD MAUCK, CRED- LENDER: BANK AMERICA, AMOUNT ITOR: LIBERTY ACQUISITIONS SER- DEBTOR: GREGG S BARUCH, filings made for liquidation. final until a Public Trustee’s monetary damages. DUE: $214395. CASE #16254. VICING. AMOUNT: $2072.69. CASE CREDITOR: COLO ST REV- Chapter 11 indicates filings Deed has been issued. 12/12/2012 Warranty Deeds #C-12C-003222. DATE: 12/10/2012 ENUE. AMOUNT: $1362.0. CASE for reorganization. Chap- BORROWER: KEITH GIBSON, 135 #D-D72011CV805534. DATE: State Tax Liens Transfers property while DEBTOR: MICHAEL A SCATA, ter 13 indicates filings that KOHL ST, BROOMFIELD. LENDER: 12/14/2012 Judgments filed against guaranteeing a clear title CREDITOR: JPMORGAN CHASE enable petitioners to pay off US BANK NATIONAL ASSOCIATION, BK. AMOUNT: $95147.85. CASE DEBTOR: GREGG S BARUCH, assets of individuals or free of any encumbrances AMOUNT DUE: $164065. CASE their creditors over three to #D-11CV-001108. DATE: 12/10/2012 CREDITOR: COLO ST REV- businesses with delinquent that are not listed on the #16354. 12/14/2012 five years. ENUE. AMOUNT: $1312.0. CASE DEBTOR: MICHAEL A SCATA, taxes. deed. BORROWER: ELIAZAR H & PATRI- #D-D70212CV803410. DATE: CREDITOR: JPMORGAN CHASE This information is obtained from SKLD Information Services. CIA A GUILLEN, 1650 W 6TH AVE, 12/14/2012 BK. AMOUNT: $48819.29. CASE BROOMFIELD. LENDER: GMAC #D-11CV-001108. DATE: 12/10/2012 DEBTOR: ALAN J & DAWN K MORTGAGE LLC, AMOUNT DUE: MASON, CREDITOR: COLO ST RICHARD IRVING JR STMAR- DUE: $229998. CASE #3273030. $149669. CASE #16387. 12/17/2012 DEBTOR: F L & SHARON M BANKRUPTCIES REVENUE. AMOUNT: $5499.05. TIN, 2170 WEST 10TH AVE #208, 12/7/2012 CROPPER, CREDITOR: QUINTUS BORROWER: JUDITH VARRA CASE #D-D72011CV804631. DATE: Boulder County BROOMFIELD; CASE #2012-35429, C & CLARA R FULLER. AMOUNT: BORROWER: CHARLENE PATRI- BASHLINE, 3191 ROCK CREEK 12/14/2012 Chapter 7 DATE FILED: 12/18/2012. $104326.5. CASE #C-12CV-000608. CIA THOMAS, 4218 AREZZO DR, DR, BROOMFIELD. LENDER: JPM- MARIDITA MULIADI, 4995 CORN- DATE: 12/11/2012 DEBTOR: ALAN J & DAWN K ERICA SERINE ERICKSON, 2170 LONGMONT. LENDER: BANK NEW ORGAN CHASE BANK NATIONAL WALL DR, BOULDER; CASE #2012- MASON, CREDITOR: COLO ST WEST 10TH AVE #208, BROOM- YORK MELLON TRUSTEE, AMOUNT A, AMOUNT DUE: $59513. CASE DEBTOR: RUTHIE M & RAMON 35464, DATE FILED: 12/18/2012. REVENUE. AMOUNT: $1213.0. FIELD; CASE #2012-35436, DATE DUE: $263734. CASE #3273442. #16400. 12/17/2012 CHAVEZ, CREDITOR: CAVALRY CASE #D-D72011CV805521. DATE: LARRY SCOTT POWERS, 220 FILED: 12/18/2012. 12/10/2012 PORTFOLIO SERVICES LLC. BORROWER: DOUGLAS L & KRISTY 12/14/2012 MCCASLIN BLVD #105, LOUISVILLE; AMOUNT: $8167.04. CASE #C-08C- PHILIP M KETTULA, 1288 FERN CIR- BORROWER: EDWARD S WAITKUS, E TRACY, 3161 ROCK CREEK DR, CASE #2012-35516, DATE FILED: 001309. DATE: 12/11/2012 DEBTOR: CRAIG D IRWIN, CLE, BROOMFIELD; CASE #2012- 1155 WOODLAND CT, BOULDER. BROOMFIELD. LENDER: NATION- 12/19/2012. CREDITOR: COLO ST REV- 35461, DATE FILED: 12/18/2012. LENDER: NATIONSTAR MTG LLC, STAR MORTGAGE LLC, AMOUNT DEBTOR: ALEJANDRO LEPURE, ENUE. AMOUNT: $5724.48. CASE BRIDGETTE M TURLEY, 131 SOUTH AMOUNT DUE: $745383. CASE DUE: $244414. CASE #16416. CREDITOR: PORTFOLIO RECOVERY RONALD DEMELLO, 2614 W #D-D72012CV802842. DATE: BUCHANAN AVENUE, LOUISVILLE; #3273591. 12/10/2012 12/17/2012 ASSOC LLC. AMOUNT: $12431.32. 134TH CIRCLE, BROOMFIELD; 12/14/2012 CASE #2012-35540, DATE FILED: CASE #C-12C-003525. DATE: CASE #2012-35539, DATE FILED: BORROWER: KIRSTEN L BUCH- BORROWER: JAMES P DEAN, 5040 12/19/2012. 12/13/2012 DEBTOR: JOANNE C AUS- 12/19/2012. HOLZMAYS, 371 W CHERRY- YATES CT, BROOMFIELD. LEND- TIN, CREDITOR: COLO ST REV- MARY INEZ MESTAS, 1064 DELTA WOOD DR, LAFAYETTE. LENDER: ER: FIRSTBANK, AMOUNT DUE: DEBTOR: DANIEL G KEEFE, GLENN R JENSEN, 1190 OPAL ENUE. AMOUNT: $7284.97. CASE DRIVE, LAFAYETTE; CASE #2012- JPMORGAN CHASE BK, AMOUNT $659926. CASE #16473. 12/18/2012 CREDITOR: NE INV PARTNERSHIP STREET UNIT 103, BROOMFIELD; #D-D72011CV804647. DATE: 35553, DATE FILED: 12/19/2012. DUE: $207068. CASE #3273857. LLP. AMOUNT: $363547.52. CASE CASE #2012-35693, DATE FILED: BORROWER: JAMES & JES- 12/14/2012 12/11/2012 #D-12CV-005602. DATE: 12/13/2012 ARLON EDWARD STEVENS, 1163 12/21/2012. SICA HUNYADI, 13433 FALLS DR, DEBTOR: JASON ASHCHER, N FRANKLIN AVE, LOUISVILLE; BORROWER: SALLY M KEELER, 804 BROOMFIELD. LENDER: BANK DEBTOR: ANNA M DRIGGS, CREDI- JAMES ROBERT JOHNSON, 2616 CREDITOR: COLO ST REV- CASE #2012-35557, DATE FILED: NELSON PARK DR, LONGMONT. AMERICA, AMOUNT DUE: $254836. TOR: DISCOVER BK. AMOUNT: FERNWOOD PLACE, BROOMFIELD; ENUE. AMOUNT: $3390.0. CASE 12/20/2012. LENDER: WELLS FARGO BANK, CASE #16746. 12/21/2012 $16425.93. CASE #C-05C-004310. CASE #2012-35886, DATE FILED: #D-D72012CV802644. DATE: AMOUNT DUE: $251172. CASE DATE: 12/13/2012 HOWARD EDWARD PROUTY, 12/27/2012. #3274292. 12/12/2012 JUDGMENTS 12/14/2012 5559 LONE EAGLE CT, BOULDER; DEBTOR: JOVI WELLS, CREDITOR: CHAZETTE DELRISSE SALAZAR, DEBTOR: CONRAD G III GAN- CASE #2012-35560, DATE FILED: BORROWER: RICHARD J JOHN- Boulder County PREMIER MEMBERS FED CREDIT 1130 WEST 1ST AVE, BROOMFIELD; ZHORN, CREDITOR: COLO ST 12/20/2012. SON, 4915 TWIN LAKES RD APT 22, DEBTOR: JOHN KORAL, CREDI- UNI. AMOUNT: $8890.24. CASE CASE #2012-35888, DATE FILED: REVENUE. AMOUNT: $782.0. BOULDER. LENDER: NATIONSTAR TOR: AM EXPRESS CENTURION #C-12C-001760. DATE: 12/13/2012 TAYLOR IRVAN PETERSEN, 12/27/2012. MORTGAGE LLC, AMOUNT DUE: BK. AMOUNT: $7069.08. CASE CASE #D-D72011CV803586. DATE: 637 MARTIN ST, LONGMONT; DEBTOR: BOULDER DISTILLERY $96140. CASE #3274293. 12/12/2012 #D-12CV482. DATE: 12/11/2012 12/14/2012 CASE #2012-35561, DATE FILED: Chapter 13 CLEAR SPIRI, CREDITOR: PEN- DEBTOR: CONRAD G III GAN- 12/20/2012. CHARLES EUGENE II YATES, BORROWER: CATALINA & JUAN DEBTOR: ROBERT GILLARD, FORD PRODUCTS CO. AMOUNT: ZHORN, CREDITOR: COLO ST 1098 LILAC CIR, BROOMFIELD; C MENDEZ, 90 RISSE CT, ERIE. CREDITOR: AM EXPRESS CENTU- $10476.09. CASE #C-12C-030013. JOSHUA D HONSTEIN, 5876 GOD- REVENUE. AMOUNT: $4588.0. CASE #2012-35412, DATE FILED: LENDER: SUNTRUST MORTGAGE RION BK. AMOUNT: $5555.92. CASE DATE: 12/14/2012 DING HOLLOW PKWY, LONGMONT; 12/18/2012. INC, AMOUNT DUE: $212534. CASE #D-2012CV560. DATE: 12/18/2012 CASE #D-D72011CV804806. DATE: CASE #2012-35601, DATE FILED: DEBTOR: LANI A ALVIAR, #3274294. 12/12/2012 12/14/2012 12/20/2012. NATHAN T FICHTER, 10545 DEBTOR: MARY A CHASE, CREDI- CREDITOR: COLO ST REV- DEBTOR: ADAM D MOREN- HOYT STREET, BROOMFIELD; BORROWER: EDWIN L & BETTE TOR: EQUABLE ASCENT FIN LLC. ENUE. AMOUNT: $11879.0. CASE RONNIE LEE BELL, 255 REGAL BERG, CREDITOR: COLO ST REV- CASE #2012-35500, DATE FILED: HARRINGTON, 1407 S UNION CT, AMOUNT: $2541.15. CASE #C-12C- #D-D72012CV800284. DATE: STREET, LOUISVILLE; CASE #2012- ENUE. AMOUNT: $398.0. CASE 12/18/2012. SUPERIOR. LENDER: DEUTSCHE 004780. DATE: 12/6/2012 12/14/2012 35613, DATE FILED: 12/20/2012. BANK NATIONAL TRUST C, AMOUNT #D-D72011CV805326. DATE: SHERI LYNN DECOSTE, 12820 KING DEBTOR: BETTY J ESSELBORN, DEBTOR: LANI A ALVIAR, CREDI- AMBER LEIGH JONES, 1310 DUE: $527388. CASE #3274295. 12/14/2012 ST, BROOMFIELD; CASE #2012- CREDITOR: CAPITAL ONE BK USA. TOR: COLO ST REVENUE. AMOUNT: TRAIL RIDGE RD, LONGMONT; 12/12/2012 DEBTOR: MARIO A TORRES, 35856, DATE FILED: 12/26/2012. AMOUNT: $953.1. CASE #C-12C- $6291.0. CASE #D-D72012CV802422. CASE #2012-35626, DATE FILED: CREDITOR: COLO ST REV- BORROWER: JANE HUNTER, 1822 003467. DATE: 12/6/2012 DATE: 12/14/2012 12/20/2012. FORECLOSURES REDTOP CT, LONGMONT. LENDER: ENUE. AMOUNT: $3998.0. CASE DEBTOR: JORGE SANCHEZ, DEBTOR: LANI A ALVIAR, CREDI- MARVIN L CASTRO, 1602 GAR- Boulder County JPMORGAN CHASE BANK NATION- #D-D72011CV804364. DATE: CREDITOR: ROBINSON INVEST CO TOR: COLO ST REVENUE. AMOUNT: 12/14/2012 FIELD AVE APT11, LOUISVILLE; BORROWER: ROBERT A SCHLITZ, AL A, AMOUNT DUE: $87005. CASE INC. AMOUNT: $10261.25. CASE $7008.0. CASE #D-D72012CV803413. CASE #2012-35631, DATE FILED: 305 RIVER VIEW CT, LONGMONT. #3274515. 12/13/2012 DEBTOR: REGENA PELTAN, CREDI- #C-12C-004371. DATE: 12/6/2012 DATE: 12/14/2012 12/20/2012. LENDER: NATIONSTAR MORTGAGE BORROWER: LEIGH R ANDER- TOR: COLO ST REVENUE. AMOUNT: LLC, AMOUNT DUE: $252000. CASE DEBTOR: KEN L & KENNETH L DEBTOR: LANI A ALVIAR, GREGORY ALAN AFFLECK, 500 SON, 2101 SUMAC ST, LONG- $1681.0. CASE #D-D72010CV802015. #3272570. 12/6/2012 SMITH, CREDITOR: PREMIER MEM- CREDITOR: COLO ST REV- MOHAWK, BOULDER; CASE #2012- MONT. LENDER: CITIMORTGAGE DATE: 12/14/2012 BERS FED CREDIT UNI. AMOUNT: ENUE. AMOUNT: $15439.0. CASE 35651, DATE FILED: 12/20/2012. BORROWER: DENNIS JAMES HAY- INC, AMOUNT DUE: $109282. CASE DEBTOR: REGENA PELTAN, $38203.96. CASE #D-06CV-000367. #D-D72012CV800507. DATE: WOOD, 1506 FRONTIER ST, LONG- #3274516. 12/13/2012 CREDITOR: COLO ST REV- JOEY D CAIRO, 1812 JEWEL DRIVE, DATE: 12/7/2012 12/14/2012 MONT. LENDER: US BANK NATION- LONGMONT; CASE #2012-35688, BORROWER: ABUNDIO CANALES ENUE. AMOUNT: $1727.23. CASE AL ASSOCIATION T, AMOUNT DUE: DEBTOR: KIP J KELLEY, CREDITOR: DEBTOR: RENATO INVERNIZ- DATE FILED: 12/21/2012. RIOS, 639 E 4TH AVE, LONGMONT. #D-D72011CV805197. DATE: $165536. CASE #3272571. 12/6/2012 ST VRAIN VALLEY CREDIT UNION. ZE, CREDITOR: COLO ST REV- LENDER: WELLS FARGO BANK, 12/14/2012 CAROL KEYES, 2256 AEGEAN WAY, AMOUNT: $14338.25. CASE #C-06C- ENUE. AMOUNT: $15286.0. CASE AMOUNT DUE: $142786. CASE DEBTOR: REGENA PELTAN, CREDI- LONGMONT; CASE #2012-35746, BORROWER: JANET E PETERSON, 001351. DATE: 12/7/2012 #D-D72011CV804023. DATE: #3274517. 12/13/2012 TOR: COLO ST REVENUE. AMOUNT: DATE FILED: 12/21/2012. 120 TELLURIDE PL, LONGMONT. 12/14/2012 DEBTOR: CHRISTOPHER J $554.0. CASE #D-D72011CV805908. LENDER: JPMORGAN CHASE BORROWER: DANIEL L & RUTH M JANINE A FUGERE, 430 OWL DRIVE, DURACK, CREDITOR: TRANE DEBTOR: RENATO INVERNIZ- DATE: 12/14/2012 BANK NATIONAL A, AMOUNT DUE: SMITH, 215 BEAVER CREEK DR, LOUISVILLE; CASE #2012-35774, FED CREDIT UNION. AMOUNT: ZE, CREDITOR: COLO ST REV- $127478. CASE #3272572. 12/6/2012 NEDERLAND. LENDER: FLAGSTAR DEBTOR: REGENA PELTAN, CREDI- DATE FILED: 12/21/2012. $19928.09. CASE #C-01C-001158. ENUE. AMOUNT: $322.0. CASE BANK FSB, AMOUNT DUE: $224922. TOR: COLO ST REVENUE. AMOUNT: DATE: 12/7/2012 #D-D72011CV806006. DATE: PATRICK J HAMMERLE, 1805 POW- BORROWER: RICHARD F & TERESA CASE #3275464. 12/17/2012 $570.0. CASE #D-D72010CV801571. 12/14/2012 ELL STREET, ERIE; CASE #2012- P MAYO, 2738 WINDING TRAIL PL, DEBTOR: CHRISTOPHER J BORROWER: JAMES C & SYLVIA DATE: 12/14/2012 35775, DATE FILED: 12/21/2012. BOULDER. LENDER: BANK AMERI- DURACK, CREDITOR: TRANE DEBTOR: GEORGE B HESS, A RAINWATER, 2707 VALMONT RD DEBTOR: NATL RECYCLING INC, CA, AMOUNT DUE: $388974. CASE FED CREDIT UNION. AMOUNT: CREDITOR: COLO ST REV- CARA NOEL CORBAT, 2120 17TH APT 111C, BOULDER. LENDER: MT CREDITOR: PINNACOL ASSUR- #3272573. 12/6/2012 $25818.84. CASE #C-01C-001159. ENUE. AMOUNT: $10484.0. CASE AVE, LONGMONT; CASE #2012- BANK, AMOUNT DUE: $102281. ANCE. AMOUNT: $10082.29. CASE DATE: 12/7/2012 #D-D72012CV802850. DATE: 35780, DATE FILED: 12/21/2012. BORROWER: GREGORY J & CASE #3275465. 12/17/2012 #C-2012C71625. DATE: 12/18/2012 12/14/2012 MICHELLE A TRUJILLO, 1909 FOUN- DEBTOR: BRIAN K GRIPPIN, CRED- KIMBERLY ANN NELSON, 2650 BORROWER: VALERIE L SPOW- TAIN CT, LONGMONT. LENDER: ITOR: PREMIER MEMBERS FED DEBTOR: DANNY CITRON, CREDI- Broomfield County MAPLETOM AVE, BOULDER; ART, 5751 TABLE TOP CT, BOULDER. JPMORGAN CHASE BANK NATION- CREDIT UNI. AMOUNT: $17879.58. TOR: COLO ST REVENUE. AMOUNT: DEBTOR: JOHN BORKOWS- CASE #2012-35871, DATE FILED: LENDER: OCWEN LOAN SERVICING AL A, AMOUNT DUE: $162561. CASE CASE #C-12CV-001487. DATE: $7591.0. CASE #D-D72011CV804476. KI, CREDITOR: DISCOVER BK. 12/27/2012. LLC, AMOUNT DUE: $361386. CASE #3273026. 12/7/2012 12/7/2012 DATE: 12/14/2012 AMOUNT: $7458.0. CASE #C-12C- #3275466. 12/17/2012 000452. DATE: 12/10/2012 BORROWER: JOHN D HINDORFF, DEBTOR: TODD D BURKE, CREDI- DEBTOR: EYDIE J CADY, Chapter 13 BORROWER: JASEN SHAFFER, 1826 FAITH PL, LONGMONT. LEND- TOR: HEPBURN INGHAM. AMOUNT: CREDITOR: COLO ST REV- DEBTOR: LARRY TROWBRIDGE, JULIANNE MCCABE, 526 ARAPA- 16061 INDIANA GULCH, JAMES- ER: GSCRP INC, AMOUNT DUE: $692973.6. CASE #D-04CV-000570. ENUE. AMOUNT: $7589.05. CASE CREDITOR: LIBERTY ACQUISITIONS HOE AVE, BOULDER; CASE #2012- TOWN. LENDER: RESIDENTIAL $90000. CASE #3273027. 12/7/2012 DATE: 12/7/2012 #D-D72011CV805142. DATE: SERVICING. AMOUNT: $15000.0. 35599, DATE FILED: 12/20/2012. CREDIT SOLUTIONS I, AMOUNT 12/14/2012 CASE #C-12C-001201. DATE: BORROWER: RONALD A & TWILA DUE: $242611. CASE #3275467. DEBTOR: MARK RESNICK, CREDI- 12/10/2012 BEVERLY CHERYL SOLIS, 3610 S MAUCK, 1336 MOUNT EVANS 12/17/2012 TOR: AM EXPRESS BK. AMOUNT: DEBTOR: RONALD S & MICHELLE CLOVER CREEK LANE, LONGMONT; DR, LONGMONT. LENDER: COLO- $32393.11. CASE #D-12CV-000847. A WILLIAMS, CREDITOR: COLO DEBTOR: CHARLES BORGERT, CASE #2012-35771, DATE FILED: RADO HOUSING FINANCE AUTHO, Broomfield County DATE: 12/10/2012 ST REVENUE. AMOUNT: $6873.48. CREDITOR: ALPINE CREDIT INC. 12/21/2012. AMOUNT DUE: $171256. CASE BORROWER: DANIEL MCCOMBS, CASE #D-D72012CV800875. DATE: AMOUNT: $1301.75. CASE #C-12C- 1101 E 10TH AVE, BROOMFIELD. DEBTOR: NANCY M MCGARVEY, 001419. DATE: 12/10/2012 VERA LYNN SCHANTZ, 2418 DODD #3273028. 12/7/2012 12/14/2012 LENDER: PREMIER MEMBERS CREDITOR: BARCLAYS BK DELA- LANE, LONGMONT; CASE #2012- DEBTOR: ROBERT G MILLER, BORROWER: SATOKO AIKAWA, FEDERAL CREDIT, AMOUNT DUE: WARE. AMOUNT: $1910.01. CASE DEBTOR: RONALD S & MICHELLE 35835, DATE FILED: 12/26/2012. CREDITOR: ALPINE CREDIT INC. 4520 BROADWAY ST UNIT 207, $54222. CASE #16031. 12/10/2012 #C-12C-003561. DATE: 12/10/2012 A WILLIAMS, CREDITOR: COLO AMOUNT: $14866.11. CASE #C-12C- PAUL SPENCER COOK, 6988 BOULDER. LENDER: JPMOR- ST REVENUE. AMOUNT: $1293.0. BORROWER: PATRICK M WEBER, DEBTOR: LEONARDO MENDOZA, 001383. DATE: 12/10/2012 LODGEPOLE COURT, BOULDER; GAN CHASE BANK NATIONAL A, CASE #D-D72012CV803300. DATE: 12226 UTICA ST, BROOMFIELD. CREDITOR: FORD MOTOR CRED- CASE #2012-35851, DATE FILED: AMOUNT DUE: $398773. CASE 12/14/2012 DEBTOR: JESSIE E BUGARING, LENDER: WELLS FARGO BANK, IT CO. AMOUNT: $15000.0. CASE 12/26/2012. #3273029. 12/7/2012 CREDITOR: CAPITAL ONE BK USA. AMOUNT DUE: $226772. CASE #C-09C-003414. DATE: 12/10/2012 DEBTOR: DONOVAN MARITN, AMOUNT: $763.13. CASE #C-12C- Broomfield County BORROWER: MARY L SHARP, 1761 #16231. 12/12/2012 DEBTOR: KEVIN W BECK, CREDI- CREDITOR: COLO ST REV- SUNLIGHT DR, LONGMONT. LEND- ENUE. AMOUNT: $6414.0. CASE 001038. DATE: 12/13/2012 Chapter 7 BORROWER: ROBERT WILLIAM TOR: FIA CARD SERVICES. AMOUNT: ER: HSBC BANK USA, AMOUNT $12312.11. CASE #C-08C-005569. #D-D72012CV802658. DATE: DEBTOR: STEVEN E BUZZARD, Boulder County Business Report | www.bcbr.com Jan. 18-31, 2013 | 21A FOR THE RECORD CREDITOR: CAVALRY PORTFOLIO STATE TAX LIENS CASE #3273094, 12/7/2012. Seller: GRAYDON L & KAREN R Buyer, Buyer’s Address: LAWRENCE SERVICES LLC. AMOUNT: $3272.47. HOUSTON Seller: SUZANNE M COOPER B BAKER, 660 NICKEL ST FUTUREYES INC, $3235.28, CASE CASE #C-12C-001444. DATE: Boulder County Buyer, Buyer’s Address: MATTHEW Buyer, Buyer’s Address: MARTINE & Address: 660 NICKEL ST, BROOM- #3274190, 12/11/2012. 12/13/2012 ABOVENET COMMUNICATIONS E & JENNIFER M TRUJILLO, 1117 E JAMASP JHABVALA, 14032 KAHLER FIELD INC, $58.0, CASE #3273940, HOLE IN ONE BAGELS LLC, 7TH AVENUE CIR PL Price: $165000 DEBTOR: LORA MCGIMPSEY, 12/11/2012. $2217.42, CASE #3274958, Address: 1117 E 7TH AVENUE CIR, Address: 14032 KAHLER PL, Date Closed: 12/18/2012 CREDITOR: PRECISION RECOVERY BROOMFIELD BROOMFIELD AUTOWERKS EAST INC, $1499.0, 12/13/2012. ANALYTICS I. AMOUNT: $1648.59. Price: $225000 Price: $765000 Seller: RANDALL J LAWRENCE CASE #3273941, 12/11/2012. CASE #C-12C-001426. DATE: YVONNE CHURST, $0.0, CASE Date Closed: 12/10/2012 Date Closed: 12/16/2012 Buyer, Buyer’s Address: KATHLEEN 12/13/2012 BOULDER DISTRILLERY CLEAR #3273830, 12/11/2012. MARIE MANESS, 2519 MCKAY DEBTOR: HARLIN D GULLING- SPIR, $151.0, CASE #3273951, YVONNE CHURST, $0.0, CASE Seller: DEAN MATHENA LIVING Seller: BERNARD S FREI LANDING PKWY SRUD, CREDITOR: CAVALRY SPV 12/11/2012. #3273831, 12/11/2012. TRUST Buyer, Buyer’s Address: BERNARD Address: 2519 MCKAY LANDING I LLC. AMOUNT: $5891.98. CASE Buyer, Buyer’s Address: MARIANNE STEPHEN FREI LIVING TR, 885 PKWY, BROOMFIELD BOULDER MEDICAL MARIJUANA YVONNE CHURST, $0.0, CASE #C-12C-001404. DATE: 12/13/2012 E ROONEY, 13786 LEGEND TRL UNIT DAPHNE ST Price: $405500 COOP, $1783.0, CASE #3273933, #3273832, 12/11/2012. 102 Address: 885 DAPHNE ST, BROOM- Date Closed: 12/18/2012 DEBTOR: RUBEN ALVAREZ, CREDI- 12/11/2012. YVONNE CHURST, $0.0, CASE Address: 13786 LEGEND TRL UNIT FIELD TOR: PRECISION RECOVERY ANA- BOULDER SECURITY LOCK SAFE #3273833, 12/11/2012. 102, BROOMFIELD Price: $ Seller: ANDREA BOCCACINO LYTICS I. AMOUNT: $3398.58. CASE INC, $1217.0, CASE #3273944, Price: $217500 Date Closed: 12/16/2012 Buyer, Buyer’s Address: RANDY #C-12C-001388. DATE: 12/13/2012 12/11/2012. INGENUITY INC, $3266.63, CASE Date Closed: 12/10/2012 STADLER, 14189 SUN BLAZE LOOP #3274957, 12/13/2012. Seller: FANNIE MAE UNIT E DEBTOR: LOREN SMITH, CREDI- BRB INC, $12927.7, CASE #3273943, Seller: AUSTIN & ANNELIZ STOUT Buyer, Buyer’s Address: SADIYE & Address: 14189 SUN BLAZE LOOP TOR: CAVALRY SPV I LLC. AMOUNT: 12/11/2012. JENNIFER GREANY LLC, $0.0, Buyer, Buyer’s Address: RYAN R & BILAL YORUMEZ, 13674 PLASTER UNIT E, BROOMFIELD $1477.66. CASE #C-12C-001310. CASE #3273966, 12/11/2012. ANN E DORHOUT, 10932 W 107TH CIR Price: $216000 CABIN FEVER COMICS INC, DATE: 12/13/2012 PL Address: 13674 PLASTER CIR, Date Closed: 12/18/2012 $3234.0, CASE #3273936, JVA INC, $28062.86, CASE Address: 2588 LAKE VISTA DR, BROOMFIELD DEBTOR: MARK P ARO, CREDI- 12/11/2012. #3274188, 12/11/2012. BROOMFIELD Price: $287000 Seller: PAMELA J SYVERSON TOR: CAVALRY SPV I LLC. AMOUNT: 347000 ROBERT E CLEANTECH ADVISORS LLC, Price: $ Date Closed: 12/16/2012 Buyer, Buyer’s Address: $2539.96. CASE #C-12C-001159. LLANO GRANDE INC, $0.0, CASE Date Closed: 12/10/2012 & SUFIYANTI TESCHENDORF, 1435 $6677.0, CASE #3273937, DATE: 12/13/2012 #3273096, 12/7/2012. Seller: STEPHEN D BELLINGER W 12TH AVE 12/11/2012. Seller: JOHN A & LYNNETTE L DEBTOR: BETH R STEINER, CREDI- Buyer, Buyer’s Address: KATHY M & Address: 1435 W 12TH AVE, MACMILLAN INVEST, $409.59, VESCO TOR: APOLLO CREDIT AGENCY INC. COLO PATIENTS FIRST LLC, CASE #3275298, 12/14/2012. TODD H DAIGLE, 14100 SUN BLAZE BROOMFIELD $5900.0, CASE #3273938, Buyer, Buyer’s Address: VESCO LOOP UNIT E Price: $452000 AMOUNT: $685.52. CASE #C-12C- FAMILY TRUST, 15935 VERMILLION 053906. DATE: 12/14/2012 12/11/2012. MATRIX DISPLAY SYSTEMS Address: 14100 SUN BLAZE LOOP Date Closed: 12/19/2012 ICN, $1092.22, CASE #3273101, WAY UNIT E, BROOMFIELD DEBTOR: WILLIAM L ANDERSON, DONNA JCONILOGUE, $150.43, 12/7/2012. Address: 15935 VERMILLION WAY, Price: $213500 Seller: BRIAN KEITH & VERONICA CREDITOR: COLO CASUALTY INS CASE #3273949, 12/11/2012. BROOMFIELD Date Closed: 12/16/2012 HAIGH MATRIX DISPLAY SYSTEMS INC, Price: $ Buyer, Buyer’s Address: VOLT 2012 CO. AMOUNT: $32613.74. CASE LAURA RDUROCHER, $3650.0, #C-04CV-002507. DATE: 12/14/2012 $0.0, CASE #3273099, 12/7/2012. Date Closed: 12/11/2012 Seller: AHMAD JAWAD NABIYAR NPL1 ASSET HOLDINGS, 16745 W CASE #3273952, 12/11/2012. Buyer, Buyer’s Address: SAMIRA N BERNARDO DR STE 300 Seller: WILLIAMS LIVING TRUST DEBTOR: DANIEL G KEEFE, ESPRESSO DELI LP, $700.0, CASE MATRIX DISPLAY SYSTEMS SHOKOOR, 17393 LA SERENA CT Address: 13466 ALCOTT WAY, Buyer, Buyer’s Address: TIMOTHY CREDITOR: NE INV PARTNERSHIP #3273945, 12/11/2012. INC, $5494.94, CASE #3273100, Address: 910 MIRAMONTE BLVD, BROOMFIELD LLP. AMOUNT: $363547.52. CASE 12/7/2012. D & KATHRYN L MCKAY, 13325 STU- BROOMFIELD Price: $ #D-12CV-005602. DATE: 12/14/2012 HARMONY SP LLC, $7294.0, CASE ART CT Price: $160000 Date Closed: 12/19/2012 MDA INFORMATION SYSTEMS #3273934, 12/11/2012. Address: 13325 STUART CT, Date Closed: 12/16/2012 DEBTOR: KRISTINE BULICH, INC, $65314.63, CASE #3275297, BROOMFIELD Seller: STEPHEN C NELSON CREDITOR: STEVEN A NIESS- HOME BASE DELIVERY INC, 12/14/2012. Price: $147500 Seller: GARY M & LORETTA P RESN- Buyer, Buyer’s Address: MARIO NER. AMOUNT: $98375.0. CASE $1878.73, CASE #3274196, MURPHYS SOUTH PAYROLL CO Date Closed: 12/11/2012 IKOFF DOMINGUEZ, 3460 MOLLY LN #C-11PR-000341. DATE: 12/17/2012 12/11/2012. LLC, $1415.49, CASE #3274195, Buyer, Buyer’s Address: JULIE E Address: 3460 MOLLY LN, BROOM- DEBTOR: KRISTY E & KRIS TRACY, SUZANNEKUPFNER, $135.0, CASE 12/11/2012. Seller: HUD GANNON, 2539 MCKAY LANDING FIELD ELMARE CREDITOR: CAPITAL ONE BK USA. #3273942, 12/11/2012. Buyer, Buyer’s Address: PKWY Price: $204000 A GUERRA FUENTES, 70 GARDEN AMOUNT: $12329.89. CASE #C-10C- DANIEL CNELSON, $3076.14, CASE Address: 2539 MCKAY LANDING Date Closed: 12/19/2012 JON CPARKER, $5257.0, CASE CTR APT 102 000688. DATE: 12/18/2012 #3273950, 12/11/2012. #3275300, 12/14/2012. PKWY, BROOMFIELD Address: 280 DAPHNE WAY, Price: $450000 Seller: DOUG ALBERT & JILL ELIZA- DEBTOR: CYNTHIA M CARLEY, PASHUPATI INC, $287.8, CASE DANIEL CNELSON, $7911.76, CASE BROOMFIELD Date Closed: 12/16/2012 BETH FIORE CREDITOR: PORTFOLIO RECOVERY #3274962, 12/13/2012. #3275299, 12/14/2012. Price: $ Buyer, Buyer’s Address: GRSW ASSOC LLC. AMOUNT: $2576.63. Date Closed: 12/11/2012 Seller: BRUCE E & PATRICIA D RUSH STEWART REAL ESTATE TRUST, CASE #C-12C-001001. DATE: PASSAGE INC, $10583.0, CASE NIJJAR LLC, $204.29, CASE Buyer, Buyer’s Address: RICHARD 16346 AIRPORT CIR Seller: BK AM 12/21/2012 #3273939, 12/11/2012. #3274189, 12/11/2012. L & ANGELA DEANN MARCH FAC- Address: 3306 DISCOVERY CT, Buyer, Buyer’s Address: HUD, 12150 CIOTTI, 4711 PASADENA WAY BROOMFIELD PRERACE LLC, $7637.0, CASE DEBTOR: CARL TOWNDROW, ORIONSOFT INC, $0.0, CASE SUNFLOWER ST Address: 4711 PASADENA WAY, Price: $ #3273948, 12/11/2012. CREDITOR: DISCOVER BK. #3273095, 12/7/2012. Address: 12150 SUNFLOWER ST, BROOMFIELD Date Closed: 12/19/2012 AMOUNT: $10051.53. CASE #C-06C- BROOMFIELD ROBERTROSSER, $3856.0, CASE PROGRESSIVE TITLE AGENCY Price: $269900 001119. DATE: 12/21/2012 #3273953, 12/11/2012. Price: $ Date Closed: 12/16/2012 Seller: GRSW STEWART REAL INC, $189.61, CASE #3274956, Date Closed: 12/11/2012 ESTATE TRUST DEBTOR: PATRICE EICHACKER, TANGLEWOOD CONSTR INC, 12/13/2012. Seller: PULTE HOME CORP Buyer, Buyer’s Address: TRAVIS D CREDITOR: PORTFOLIO RECOVERY Seller: DANIEL DOYLE & KELLY LEE $3111.42, CASE #3274961, RT SPRAGUE CONSULTING Buyer, Buyer’s Address: SHEILA K & JILL K WHITELEY, 3306 DISCOV- ASSOC LLC. AMOUNT: $1556.16. SCHARF 12/13/2012. LLC, $133.05, CASE #3274959, & THOMAS D LAWSON, 15925 VER- ERY CT CASE #C-12C-001240. DATE: Buyer, Buyer’s Address: DENGLIN MILLION WAY Address: 3306 DISCOVERY CT, TWO BAD ASSES LLC, $101.19, 12/13/2012. 12/21/2012 CHEN, 14040 TURNBERRY CT Address: 15925 VERMILLION WAY, BROOMFIELD CASE #3273088, 12/7/2012. STARFISH JEWELRY LLC, $2044.96, Address: 14040 TURNBERRY CT, BROOMFIELD Price: $420000 RELEASE BROOMFIELD WEST END GARDNER INC, $369.0, CASE #3274191, 12/11/2012. Price: $383000 Date Closed: 12/19/2012 Price: $500000 OF JUDGMENT CASE #3273947, 12/11/2012. Date Closed: 12/17/2012 UMPQUA FEATHER MERCHANTS Date Closed: 12/11/2012 Seller: OSCAR G & FELISA R MARCIA Boulder County ILON TWILLIAMS, $4516.0, CASE Seller: GMAC MTG LLC Buyer, Buyer’s Address: ROBERT LLC, $0.0, CASE #3273965, Seller: ELEANOR M SIMMONS DEBTOR: RIVERWALK HOLDINGS #3273946, 12/11/2012. 12/11/2012. Buyer, Buyer’s Address: HUD, 3729 L & JUSTINE L PFROGNER, 2550 LTD, CREDITOR: DARREN M GREEN. Buyer, Buyer’s Address: PAMELA A SHEFIELD DR OUTLOOK TRL AMOUNT: $0.0. CASE #MULT D-12- ZAPATERIA CHAVEZ INC, $1217.0, WELZIG HEATING AIR AIR, $0.0, CLEARY, 4612 BELFORD CIR Address: 3729 SHEFIELD DR, Address: 2550 OUTLOOK TRL, 31597. DATE: 12/7/2012 CASE #3273935, 12/11/2012. CASE #3273098, 12/7/2012. Address: 4612 BELFORD CIR, BROOMFIELD BROOMFIELD BROOMFIELD Broomfield County Price: $ Price: $690000 DEBTOR: ANNETTE SLUMAN, WELZIG HEATING AIR INC, $0.0, Price: $330000 PEACE MIND, $3650.0, CASE Date Closed: 12/17/2012 Date Closed: 12/20/2012 CREDITOR: TARGET NATL BK. CASE #3273097, 12/7/2012. Date Closed: 12/12/2012 AMOUNT: $0.0. CASE #. DATE: #16137, 12/11/2012. Seller: TOLL CO LP Seller: PULTE HOME CORP 12/11/2012 WESTERN AVIATORS INC, $2237.88, Seller: CLAYTON & A JOANNE Buyer, Buyer’s Address: WEN- Buyer, Buyer’s Address: RANDAL J RELEASE CASE #3275293, 12/14/2012. LAGERQUIST ZHONG GAO, 13887 BARBOUR ST & SUSAN J PABST, 4834 FLASH CT DEBTOR: LARRY STELMACK, OF STATE TAX LIENS Buyer, Buyer’s Address: JANICE A Address: 13887 BARBOUR ST, Address: 4834 FLASH CT, BROOM- ZYBEK ADVANCED PRODUCTS CREDITOR: CITIBANK. AMOUNT: PERKINS TRUST, 16411 ALIANTE DR BROOMFIELD FIELD INC, $902.4, CASE #3275303, $0.0. CASE #. DATE: 12/14/2012 Boulder County Address: 16411 ALIANTE DR, Price: $574700 Price: $387300 ANANDA INC, $985.91, CASE 12/14/2012. BROOMFIELD DEBTOR: WILLIAM E BEN- Date Closed: 12/17/2012 Date Closed: 12/20/2012 #3275301, 12/14/2012. Price: $320000 ZYBEK ADVANCED PRODUCTS NETT, CREDITOR: COLO ST REV- Date Closed: 12/13/2012 Seller: SHERYL GROSS Seller: VICKI L & GENE DICARLO ATOMIC FORGE WELDING INC, $252.1, CASE #3275302, ENUE. AMOUNT: $21450.0. CASE Buyer, Buyer’s Address: WALSH Buyer, Buyer’s Address: DF HOLD- INC, $174.06, CASE #3275292, 12/14/2012. #D-08CR-001343. DATE: 12/7/2012 Seller: ANN MARIE BARRY FAMILY TRUST, 2351 LA MESA DR INGS LLC, 13648 DEXTER ST 12/14/2012. Buyer, Buyer’s Address: GREAT LIFE DEBTOR: BRAD A GRIFFIN, CREDI- Address: 12677 OSCEOLA ST, Address: 140 DAPHNE WAY, Broomfield County TRUST, 4517 WINONA PL BROOMFIELD SKILLED NURSING ELIZABETHROOKS, $14051.56, BROOMFIELD BROOMFIELD TOR: JUNG ASSOC PC. AMOUNT: Address: 4517 WINONA PL, REH, $26065.9, CASE #3274194, CASE #16155, 12/11/2012. Price: $208000 Price: $162800 $4071.69. CASE #C-12C2499. DATE: BROOMFIELD 12/7/2012 12/11/2012. Date Closed: 12/17/2012 Date Closed: 12/20/2012 WILLIAM LROOKS, $513.84, CASE Price: $ DEBTOR: BETHANY J LISTER, BROOMFIELD SKILLED NURSING #16157, 12/11/2012. Date Closed: 12/16/2012 Seller: ALISON CUMMINS Seller: CRAIG J HUMPHREY CREDITOR: MARSHALL RECOV- REH, $26065.9, CASE #3274193, Buyer, Buyer’s Address: IAN E FRIT- Buyer, Buyer’s Address: DAVID WILLIAM LROOKS, $25719.75, Seller: DOSINDA I CORREA ERY LLC. AMOUNT: $0.0. CASE 12/11/2012. ZKE, 2557 W 133RD CIR ALAN & MARY HELEN DEMUS, 207 CASE #16156, 12/11/2012. Buyer, Buyer’s Address: DOSIN- #C-11-C-2574. DATE: 12/11/2012 Address: 2557 W 133RD CIR, CYPRESS CIR DELI CIOSO WEST LLC, $1185.09, DA CORREA FAMILY TRUST, 4517 BROOMFIELD Address: 207 CYPRESS CIR, DEBTOR: TRACY E FRENCH, CASE #3274192, 12/11/2012. SIGNATURE RETREAT LLC, $0.0, WINONA PL CASE #16367, 12/17/2012. Price: $184500 BROOMFIELD CREDITOR: BIRCHWOOD DRIVE Address: 13240 SHADOW CANYON Date Closed: 12/17/2012 Price: $172000 DESSERT QUEEN LTD, $206.11, TRL, BROOMFIELD CONDOMINIUM AS. AMOUNT: CASE #3275294, 12/14/2012. WARRANTY DEEDS Date Closed: 12/20/2012 $3852.25. CASE #C-10C-004126. Broomfield County Price: $ Seller: CALEB B DOXSEY DATE: 12/13/2012 DESSERT QUEEN LTD, $979.55, Seller: DWIGHT A & JOANNE Date Closed: 12/16/2012 Buyer, Buyer’s Address: TIMOTHY Seller: PULTE HOME CORP CASE #3275295, 12/14/2012. DEPEAU C & TRACY L JOHNSON, 235 SUM- Buyer, Buyer’s Address: CON- DEBTOR: TRACY E SITTNER, Seller: PULTE HOME CORP Buyer, Buyer’s Address: CHRIS WIL- MIT TRL STANCE JEAN COPPOLA, 4580 CREDITOR: MAIN STREET ACQUI- DESSERT QUEEN LTD, $592.26, Buyer, Buyer’s Address: PAULA R LIAMSON, 3953 CAMBRIDGE AVE Address: 984 E 6TH AVE, BROOM- HOPE CIR SITION CORP. AMOUNT: $7242.96. CASE #3275296, 12/14/2012. VAUGHAN, 4830 SUNSHINE PL Address: 3953 CAMBRIDGE AVE, FIELD Address: 4580 HOPE CIR, BROOM- CASE #C-11C-003434. DATE: Address: 4830 SUNSHINE PL, DRY ICE BLASTING INC, $444.45, BROOMFIELD Price: $205000 FIELD 12/13/2012 BROOMFIELD Date Closed: 12/17/2012 Price: $342100 CASE #3274960, 12/13/2012. Price: $259900 Price: $388800 Date Closed: 12/9/2012 Date Closed: 12/20/2012 DEBTOR: RODNEY D MCINTYRE, DAVID DDUGAN, $0.0, CASE Date Closed: 12/16/2012 Seller: ARISTA INVESTORS COLO- CREDITOR: DISCOVER BK. #3275986, 12/18/2012. Seller: FANNIE MAE RADO II L Seller: FEDERAL HOME LOAN AMOUNT: $7488.91. CASE #C-07C- Seller: KENNETH J & MARCELLA CARMEN Buyer, Buyer’s Address: MICHAEL P MORTGAGE COR DAVID DDUGAN, $0.0, CASE Buyer, Buyer’s Address: C TRITZ 002906. DATE: 12/14/2012 ARCHULETA, 13041 KING CIR SUCATO, 10060 W 101ST DR Buyer, Buyer’s Address: DOUGLAS #3275984, 12/18/2012. Buyer, Buyer’s Address: KENNETH E Address: 11207 COLONY CIR, & DONNA KUIK, 303 MULBERRY CIR DEBTOR: HOWARD S DIAMOND, Address: 13041 KING CIR, BROOM- DOUGLAS, 1187 SEQUERRA ST # D BROOMFIELD Address: 303 MULBERRY CIR, CREDITOR: CENTRAL CREDIT DAVID DDUGAN, $0.0, CASE FIELD Address: 1187 SEQUERRA ST # D, Price: $162000 BROOMFIELD CORP. AMOUNT: $459.77. CASE #3275985, 12/18/2012. Price: $181000 BROOMFIELD Date Closed: 12/9/2012 Date Closed: 12/18/2012 Price: $191100 #C-07C-004784. DATE: 12/18/2012 ECOSMART HOMES INC, $0.0, Price: $179500 Date Closed: 12/20/2012 Date Closed: 12/16/2012 Seller: BELLCO CREDIT UNION 22A | Jan. 18-31, 2013 Boulder County Business Report | www.bcbr.com BUSINESS DIGEST OPENINGS Boulder Office Partners LLC, doing business agency had been Carmichael Lynch, Minne- Flat Iron Caregivers LLC, doing business as as Office Evolution, has eight company-owned apolis. First work, breaking in January, will in- Caring Senior Service of Boulder, opened at locations in the Denver metro area. troduce a Noodles & Co. brand repositioning 1369 Forest Park Circle, Suite 205, in Lafay- as “Your World Kitchen,” which will be backed Barbee James of Boulder has launched Jezi ette. Pat Abernathey is agency director of by a $1 million first-quarter budget to include Jeans LLC to produce a line of matching the company, which is the 50th franchise for out-of-home, radio, digital, print and in-store jean jackets for pet owners and their dogs. 21-year-old San Antonio-based Caring Senior advertising and social media marketing. James also is owner of Details Design Studio Service Inc. and the second in Colorado; an in Boulder, which focuses on “green” interior MERGERS & ACQUISITIONS office in Fort Collins has been open for about design. Jezi Jeans’ products will be designed Arcady Capital Co., a Wichita, Kansas-based a year. The company provides services for in Boulder, made from cotton grown in Texas private equity firm, acquired Mountain Mold- homebound seniors including cooking, clean- and sewn in Los Angeles. James plans to doing LLC for an undisclosed amount. Moun- ing, transportation, bathing, dressing and other nate 10 percent of profits to causes support- tain Molding, located on the Interstate 25 daily-living needs. The Lafayette office will ing American veterans. The matching denim frontage road east of Longmont, is a custom serve all of Boulder and Broomfield counties as dog coats feature a standup collar, Velcro clo- plastic injection molding, tool-making and well as parts of Adams and Jefferson counties. sures and a pocket that displays a paw print, contract manufacturer serving industries in- BRIEFS the company brand. The company is named cluding medical-device manufacturers, secu- Sport and outdoor fabric company Cocona after James’ mini-labradoodle, Jezibella. The rity and pet products. Arcady Capital Invest- Inc. said it raised $15 million in new funds, with brand paw print is a replica of a muddy paw ments I LP, in partnership with management, the H.I.G. Growth Partners global private-eq- print Jezibella planted on James’ back pocket provided the equity capital. Enterprise Bank & uity firm taking a 34 percent stake in the com- during a walk. The jackets also feature custom- Trust provided the senior debt financing and pany. Boulder-based Cocona will market its designed buttons and rivets shaped like dog- COURTESY BALL AEROSPACE & TECHNOLOGIES CORP. Fortitude Capital LLC led the subordinated patented drying fabric technology, and build its bone treats. Boulder-based Ball Aerospace & Tech- debt financing. brand with the new funds. Cocona plans to hire During the Invest in Lafayette Holiday Con- Boulder-based Without Limits Productions five new people this year to support growth. nology Corp. is ahead of schedule test, held Nov. 18 through Dec. 31, shoppers bought the long-running Boulder Stroke & Craig Burson, H.I.G. Growth Partners’ manag- and on budget building an instrument visited 159 Lafayette businesses, accrued Stride race series for an undisclosed sum. The ing director, will join Cocona’s board of direc- for the Joint Polar Satellite System $57,000 in sales receipts, and submitted 334 11-year-old summertime swim-run series has tors. Cocona fabric technology also is used in satellite. The Ozone Mapping and Pro- entries for a drawing. Contest participants had nationally known athletes such as former shoes and sleeping bags. saved four receipts, each totaling $10 or more, filer Suite instrument is scheduled to Ironman world champion Tim DeBoom and Michael Gilliland, a founder of Sunflower from four different Lafayette businesses, and launch no later than the first quarter of Pearl Izumi-sponsored athlete Cameron Dye, Farmers Market, was sentenced Jan. 8 in submitted them for a chance to win one of 2017. It will continue the ozone data both of Boulder, as participants. The race se- Phoenix to 30 days in jail and one year of pro- seven gift baskets filled with Lafayette prod- record created by previous sensors ries is scheduled for 10 weeks starting in June, bation after pleading guilty to one count of ucts. Each basket was valued from $300 to flown since 1978. and features a 1.5-mile swim event and a 5-ki- attempted pandering. Gilliland was to serve $500. Winners of the drawing were Michael lometer run. The company plans to increase two separate 15-day jail terms at a Maricopa Gallagher, Lee Sacry, John Bowlick, Angela tion. Financial terms of the deal were not dis- participation by spending money to improve County Jail location in the Phoenix area. The Chartier, Robert Higgins, Becky O’Brien and closed. Boulder-based NeoMedia (OTC BB: various small race details. sentence comes after Gilliland’s 2011 arrest NEOM) is a pioneer in 2-D mobile barcode Jenny Conlon. Carlile Bancshares Inc. of Fort Worth, Texas, after soliciting sex from a woman whom he technology that can transform mobile devices The city of Boulder’s Planning and Develop- closed on the purchase of Colorado Commu- believed to be 17 years old. Gilliland resigned with cameras into barcode scanners. Progres- ment Services Center will be testing extended nity Bank on Dec. 28. Carlile paid $65 million to from his post as chief executive and chairman sive will use NeoMedia’s intellectual property in business hours and advance appointment buy Yuma-based Colorado Community Bank’s of Sunflower Farmers Market after the arrest. its mobile offerings for personal and commer- scheduling this year. The services center, which parent company, Washington Investment He started the natural grocery store chain in cial autos and trucks, motorcycles, boats, rec- had been closed for lunch from noon to 1 p.m. Corp. The purchase price was a two-part trans- 2002. Sunflower was bought by Phoenix- reational vehicles and homes. Progressive, the daily, will be open during the lunch hour begin- action totaling $65 million, $35 million cash and based Sprouts Farmers Market in March. fourth-largest auto insurance company in the ning Monday, Jan. 7. The services center will be $30 million in notes. Colorado Community Bank United States, is held by The Progressive Corp. Virtual office services continuously open and available to customers has 17 locations in the state, including one at 351 (NYSE: PGR), based in Mayfield Village, Ohio. company Office from 8 a.m. to 4 p.m. on Mondays, Wednes- Coffman St. in Longmont. CCB has $485 million Evolution recently days, Thursdays and Fridays; and 10 a.m. to Boulder-based Innovo LLC, a provider of mo- in assets. The bank entered Longmont in March sold its first franchise 4 p.m. on Tuesdays. Anyone who enters the bile-applications software for the hard goods 2010 when it acquired Liberty Savings branches to entrepreneur Matt services center before 4 p.m. will be served. In wholesale distribution industry, partnered with there and in Northglenn. Carlile’s combined as- Edgar, owner of Ed- addition to the new hours, customers who are San Diego-based Trade Service Co., a provid- sets will be $1.8 billion, with 36 branch locations garHart LLC in Den- working through land-use review and technical er of standardized product and price informa- including 21 in Colorado and 15 in Texas. ver. Financial terms of document processes will be able to schedule tion to the electrical, plumbing/PVF, HVACR, Deadline to submit items for Business Digest the deal were not dis- an appointment with a project specialist ahead and industrial MRO markets. Under the part- is three weeks prior to publication of each bi- closed. Edgar plans of time by contacting Karlin Goggin at 303-441- nership, Innovo will deliver Trade Service-en- weekly issue. Mail to Editor, Boulder County Edgar to open the first fran- 4053 or [email protected]. hanced content through Innovo mobile apps. chise location this Business Report, 3180 Sterling Circle, Suite CONTRACTS Broomfield-based Noodles & Co., a chain of summer in the Cherry 201, Boulder, CO 80301-2338; fax to 303-440- NeoMedia Technologies Inc. has granted fast-casual restaurants, hired Boulder-based Creek neighborhood of Denver. An address 8954; or email to [email protected] with Busi- Progressive Insurance a license to NeoMe- TDA_Boulder as its advertising agency of re- has not been announced. Boulder-based ness Digest in the subject line. Photos submit- dia’s patents related to mobile barcode resolu- cord, including media. Noodles’ most recent ted will not be returned. NONPROFIT NETWORK BRIEFS Emergency Family Assistance Associa- Hearts fundraiser from 6:30 to 9:30 p.m., duction of video public service announce- Boulder-based Community Food Share tion for the past 33 years, will retire this year, Saturday, Feb. 9, at Great Frame Up, 430 ments, plus $1 million worth of airtime from was named a Boulder County Partner for according to the Boulder-based nonprofit. Main St., Longmont. The fundraiser will ben- Comcast to broadcast the announcements’ Food Safety as part of a voluntary coop- During his tenure, EFAA has expanded dra- efit Boulder County AIDS Project, Longmont reach. First Nations hopes to launch its PSA erative effort between the food-service in- matically, according to its newsletter. Private Humane Society and Via. Live music, danc- campaign early this year in selected Com- dustry and Boulder County Public Health. contributions have increased from $12,000 ing, finger foods and professional entertain- cast cable TV markets around the nation af- The incentive program recognizes facilities in 1980 to an expected $2.1 million in 2013, ers. Cost is $45 and includes a $15 contribu- ter first producing the spots locally. in Boulder County which practice excellent and EFAA’s shelter program has expanded tion to the hosted nonprofits and two drink food safety. from five to 53 units. EFAA provides assis- tokens. Tickets available online at www. GRANTS tance to people who need food, shelter and Brownpapertickets.com/event/307955 or Lafayette-based Imagine! received two Boulder County residents gave more than other necessities but cannot attain them. It by contacting Barbara Douglass, 303-588- grants totaling $10,318 from Energy Out- $1.6 million to charities on Tuesday, Dec. also helps people improve their self-suffi- 5157, [email protected]. reach Colorado through its Nonprofit En- 4, as part of Colorado Gives Day 2012. ciency. ergy Efficiency Program. The grants are for That was about $554,000 more than the GOOD DEEDS energy upgrades at two Imagine! residences. $1,087,325 that Boulder County residents FUNDRAISERS Boulder-based Pain Free Living Inc., found- This support will reduce Imagine!’s energy donated to charities for Colorado Gives Day Imagine!, a nonprofit based in Lafayette that ed by Lynne Sanditen, will donate a percent- consumption and costs at these homes, in 2011. The third annual charity giving day provides support to people with cognitive, age of the sales for one month of its Kidney- strengthening its capacity to provide a vari- in 2012 was sponsored by Arvada-based developmental, physical and health-related Diet app to the Lopez Foundation, founded ety of services to people of all ages with de- Community First Foundation and FirstBank needs, presents the 12th Annual Imagine! by actor George Lopez. The money will help velopmental delays and disabilities through- Holding Co. in Lakewood. In Boulder County, Celebration, a fundraiser, from 5:30 to 9:30 children with kidney disease be able to en- out Boulder and Broomfield counties. 137 nonprofit groups received $1.3 million — p.m., Friday, Jan. 25, at the Best Western joy a weekend camp through the California- the majority of the money raised — from the Plus Plaza Conference Center, 1850 Indus- based foundation’s Kidney & Transplant Longmont-based First Nations Develop- 2012 charitable giving day. In 2011, 97 local trial Circle, Longmont. Imagine! is celebrat- Camps. The app is a tool that makes it easy ment Institute received $20,000 from the charities received $942,000. In all, Colorado ing its 50th anniversary. Cost is $95 per per- for patients and their families to understand Comcast Foundation to fund production residents made about $15 million in dona- son. Table for 10 is $1,250. Register online at what’s safe or dangerous to eat. of video public service advertisements, plus tions to charities across the state on Dec. 4, imaginecolorado.org/foundCelebration.htm. $1 million worth of airtime from Comcast to about $2.6 million more than the year before. Longmont-based nonprofit First Nations broadcast the PSAs. First Nations serves Blooming in Boulder County, an event-plan- Development Institute received $20,000 Native American communities throughout Terry Benjamin, executive director of the ning organization, will present its Blooming from the Comcast Foundation to fund pro- the United States. Boulder County Business Report | www.bcbr.com Jan. 18-31, 2013 | 23A ON THE JOB AEROSPACE HIGH TECH der-based Ball Aerospace & Technologies Corp. istrative services director for Boulder County, Source of Security were elected associate fellows of the American Tony Dworak, attorney with Lyons Gaddis LLC, a subsidiary of Institute of Aeronautics and Astronautics. They Kahn & Hall PC, and Kati Pressman, retired Source Communica- joined 175 other new associate fellows from nurse, were recognized for their service. tions LLP in Broom- around the world at the 51st AIAA Sciences 36 Commuting Solutions, a transportation field, hired Robert Meeting on Jan. 7 in Dallas. advocacy nonprofit Woyar as division NONPROFIT organization based manager. Woyar has Boulder-based nonprofit National Institute in Louisville, named more than 15 years of for Trial Advocacy announced its new offi- Lori G. Frasier as experience designing cers and members of its board of trustees for chairwoman. Fra- Woyar and installing com- 2013. Michael A. Ginsberg, a partner in the sier is senior vice mercial and residen- Oschmann Ludtke Pittsburgh office of Jones Day, was elected president of stra- tial security systems. Source of Security pro- board chairman, joining past chairman Leo tegic services for vides a security package including surveillance Romero, professor emeritus at the University Superior-based Key Boulder-based Ball and controlled entry equipment; cabling for of New Mexico School of Law; Angela Vigil, Equipment Finance, Aerospace & Tech- equipment; and monitoring services. a partner in Baker & McKenzie, Miami; and L. a bank-held equip- nologies Corp. has Frasier LAW Joseph Loveland, King & Spalding, Atlanta; ment finance com- made three execu- Ester Maillaro, an intellectual-property attor- New board members are: Los Angeles Supe- pany and an affiliate tive changes in a ney, has become a rior Court Judge Lee Smalley Edmon; Wil- of KeyCorp (NYSE: KEY). restructuring of partner at Holland & liam J. Hunt, a partner at Clark, Hunt, Ahern, & business units. Jim Hart LLP. She works Embry in Cambridge, Massachusetts; Andrea SERVICES Oschmann, vice out of the firm’s of- B. Tecce, managing director and controller of Boulder-based business consultants Transfor- president and gen- fice in Boulder. Mail- disputes, investigations and economics seg- mance Advisors hired eral manager at Ball Freedman laro focuses on ment at Navigant Inc. in Washington, D.C.; and Kyle Staarmann as Aerospace, will lead trademark law and Edwin John U, a partner at Kirkland & Ellis LLP a marketing special- the Civil Space and also handles matters in Washington, D.C. ist. Her background Technology business unit, the company said in promotions and includes market- in the press statement. Cary Ludtke, another sweepstakes laws, ing, event manage- vice president and general manager at Ball licensing and copy- ment and business Aerospace, will lead the Operational Space Maillaro rights. development. She business unit. Rob Freedman has been has worked for Big named vice president and general manager for David Hill, one of four founding partners of Brothers Big Sisters tactical solutions, the business unit previously Boulder law firm Berg Hill Greenleaf & Ruscitti, of Central Texas and Staarmann led by Oschmann. was given an honorary lifetime membership in the Houston Galleria the Colorado Bar Association in honor of his Chamber of Com- ADVERTISING, COMMUNICATIONS more than 50 years of service to the legal commerce. Staarmann will manage the marketing Boulder-based Pivot Communication LLC, a munity. CBA president Mark Fogg was to pres- of consulting services and educational events, marketing and public relations firm, hired Megan ent Hill with a lapel pin and certificate on Jan. including promotional programs, social media Hettwer. Previously, Hettwer managed study 17 at Laudisio restaurant in Boulder. Smith Powers activities, website content and editing of the abroad programs, provided legal and organiza- firm’s newsletter, Transformance Communi- tional support for a public interest law firm, and MANUFACTURING Jeanette Domber and Lisa Hardaway of Boul- que. Staarmann graduated from the University executed marketing and communications cam- Via (formerly Special Transit), a private nonprof- of Colorado-Boulder in 2009 with a degree in paigns for a nonprofit education organization. it organization that provides transportation and business administration and marketing. mobility options elected B. Scot Smith and ENGINEERING Peter Powers to its volunteer board of direc- Deadline to submit items for On the Job is Karla Kinser was named global mine water tors. Smith is a founding principal at The Colo- three weeks prior to publication of each bi- treatment leader for Broomfield-based engi- rado Group. Powers is director of business weekly issue. Mail to Editor, Boulder County neering firm MWH Global Inc. Kinser has 20 development at Longmont United Hospital. Business Report, 3180 Sterling Circle, Suite years of experience in treatment engineering. Frank Bruno, vice president for administration 201, Boulder, CO 80301; fax to 303-440- She has spent the last several years focused at Western Disposal Services Inc., was elected 8954; or email to [email protected] with On the on mine water treatment. She has worked for president of Via’s 2013 board of directors. Re- Job in the subject line. Photos submitted will MWH since 2004 and is based in the compa- Domber Hardaway tiring board members Jana Petersen, admin- not be returned. ny’s Denver office. CALENDAR JANUARY and celebration, The Broomfield Appren- including laureate bios can be found at www. aspx?EventID=1129021. Deb Ward of iMedia Buzz Inc. will tice, from 6 to 9 p.m., Thursday, Jan. 31, at JAColorado.org. speak on SEO optimization at the the Renaissance FlatIron Hotel, 500 FlatIron The Louisville Chamber of Commerce 23 FEBRUARY Lafayette Chamber of Commerce’s Power Blvd., Broomfield. The year in review and the 5 presents a Business Breakfast from Vectra Bank will present its 20th Annual Lunch from noon to 1 p.m. Wednesday, Jan. chamber’s plans for 2013 are on the agenda. 7:30 to 9 a.m., Tuesday, Feb. 5, at the Lafay- Economic Forecast Breakfast from 7:30 23, at the chamber office, 1290 S. Public Road, 1 ette Library. Topic is Learn what you need to Registration deadline is Jan. 25. For more in- to 9:30 a.m., Friday, Feb. 1, in the Zanadu Ball- Lafayette. The event is free but R.S.V.P. is need- know about the new health reform. Cost is $10. formation, contact Jennifer Kerr at Jennifer. room, St Julien Hotel and Spa, 900 Walnut ed by Jan. 22 at www.lafayettecolorado.com. Kerr@BroomfieldChamber.com. R.S.V.P. is required. Call 303-666-574 or email St., Boulder. Featured speakers will be Phyllis [email protected]. The Louisville Chamber of Commerce Junior Achievement-Rocky Mountain Inc. and Resnick, principal economist at the University 24 presents its Annual Awards Ban- the Denver Metro Chamber of Commerce will of Denver’s Center for Colorado’s Economic The Louisville Chamber of Commerce quet at 6 p.m., Thursday, Jan. 24, at The Gate host the 24th annual Colorado Business Hall Future, and George Feiger, chief executive of 7 presents a Business After Hours from 5 House, 1055 U.S. Highway 287 in Lafayette. of Fame on Thursday, Jan. 31, at the Hyatt Contango Capital Advisors. For more infor- to 7 p.m., Thursday, Feb. 7, at the Hyatt House, Cost is $35 per person, $450 for corporate Regency Denver at Convention Center. Hall mation, contact Megan Sumner or Meghan 13351 Midway, Broomfield. Cost is $5 with table of 10. Reservations required at 303-666- of Fame laureates are selected for their endur- Dougherty 720-560-0177. R.S.V.P., $10 at door. Call 303-666-574 or email 5747 or email [email protected]. ing and innovative professional contributions [email protected]. The Women’s Council, in partnership with the Dress is baseball team attire. to Colorado, inspirational and ethical acumen Deadline for Calendar items is three weeks pri- and philanthropic endeavors. Business lead- Deming Center for Entrepreneurship at the The Lafayette Chamber of Commerce will hold or to publication. The weekly events calendar ers to be inducted this year are Temple Hoyne University of Colorado-Boulder, will present its a Networking Night from 5 to 7 p.m. Thursday, alternates with the monthly events calendars; Buell, Glenn R. Jones, Don Kortz, Ronald Mon- inaugural daylong Women Inspiring Leader- Jan. 24, at the chamber office, 1290 S. Public each appears once every other issue. Mail Cal- toya, and Rod and Beth Slifer. Individual tick- ship Development Summit, on Friday, Feb. Road, Lafayette. Cost is $5; R.S.V.P. needed by endar items to Calendar, Boulder County Busi- ets are $300 and tables of 10 start at $3,000. 1, at the Westin Hotel, 10600 Westminster Jan. 22 at www.lafayettecolorado.com. ness Report, 3180 Sterling Circle, Suite 201, For details or to purchase a table or tickets, Blvd. West, Westminster. Cost is $99, or sponsor a student for $20. To register, go online at Boulder, CO 80301-2338 or [email protected] The Broomfield Chamber of Com- contact Shawna Robbins at 303-260-6286 or with Calendar as subject. 31 merce will present its annual dinner [email protected]. More information http://www.regonline.com/Register/Checkin. AWARDS Broomfield-based Level 3 Communica- The storage system developed by Lou- devoted to IT virtualization. The 2013 award fro Excellence in Technology from tions Inc. (NYSE: LVLT) received the “Best isville-based NexGen Storage Inc. re- awards are chosen by its readers and the Brand Hall Group. Xyleme’s Bra- Carrier Ethernet Business Application ceived the Editor’s Choice award for presented to vendors in 16 categories vais, a cloud-based platform for deliver- Award – Caribbean and Latin America” innovation in the Virtualization Review ranging from Virtualization Management ing personalized learning to any device from the Metro Ethernet Forum, which Reader’s Choice Awards. NexGen’s and Cloud Infrastructure to Business enables learning content providers to honors the service provider that offers the PCIe SSD storage system manages per- Continuity and Virtualization Automation. deliver modular, high-value learning most unique and innovative business eth- formance such as capacity. Virtualiza- content anywhere, any time and on any ernet services to the enterprise segment. tion Review is a print publication solely Boulder-based Xyleme Inc. won a gold device. 24A | Jan. 18-31, 2013 BOULDER VALLEY REAL ESTATE WATCH BOULDER COUNTY BUSINESS REPORT WWW.BCBR.COM

EXISTING HOME SALES December 2012 Statistics Year-to-Year Comparison

Location Total# Inventory Avg. Avg. Median Total # Sold Average Sales Price Average Days to Contract Median Sales Price Sold Sales Days to Sales Location 12/01/10 - 12/01/11 %chg 12/01/10 - 12/01/11 %chg Location 12/01/10 12/01/11 %chg 12/01/10 12/01/11 %chg Price Contract Price 11/30/11 11/30/12 11/30/11 11/30/12 11/30/11 11/30/12 11/30/11 11/30/12 Boulder 52 165 $601,494 110 $545,000 Boulder 619 766 23.7 $664,214 $671,565 1.1 Boulder 91 73 (19.8) $545,000 $574,500 5.4 Broomfield 18 70 $361,018 68 $325,000 Broomfield 352 385 9.4 $361,896 $355,097 (1.9) Broomfield 91 68 (25.3) $330,340 $319,000 (3.4) Erie 24 71 $391,983 72 $387,600 Erie 241 322 33.6 $324,297 $345,606 6.6 Erie 84 71 (15.5) $300,000 $327,336 9.1 Lafayette 19 50 $470,570 51 $411,500 Lafayette 244 307 25.8 $366,565 $384,836 5.0 Lafayette 90 59 (34.4) $311,000 $358,000 15.1 Longmont 56 228 $261,602 61 $258,000 Longmont 840 990 17.9 $244,079 $257,716 5.6 Longmont 73 62 (15.1) $220,000 $231,500 5.2 Louisville 18 21 $418,815 58 $381,610 Louisville 201 237 17.9 $413,718 $428,631 3.6 Louisville 62 59 (4.8) $385,000 $390,000 1.3 Superior 7 18 $474,688 34 $369,500 Superior 107 157 46.7 $422,406 $424,261 0.4 Superior 64 43 (32.8) $381,500 $410,000 7.5 Mountains 18 187 $439,883 141 $427,500 Mountains 254 296 16.5 $395,868 $427,012 7.9 Mountains 123 127 3.3 $324,500 $346,000 6.6 Plains 23 170 $1,034,636 79 $523,148 Plains 314 408 29.9 $639,700 $596,373 (6.8) Plains 110 87 (20.9) $469,900 $475,000 1.1 Total 422 1,892 Total 2,968 3,561

EXISTING CONDO SALES December 2012 Statistics Year-to-Year Comparison

Location Total# Inventory Avg. Avg. Median Total # Sold Average Sales Price Average Days to Contract Median Sales Price Sold Sales Days to Sales Location 12/01/10 12/01/11 %chg 12/01/10 12/01/11 %chg Location 12/01/10 12/01/11 %chg 12/01/10 12/01/11 %chg Price Contract Price 11/30/11 11/30/12 11/30/11 11/30/12 11/30/11 11/30/12 11/30/11 11/30/12 Boulder 44 164 $258,735 90 $242,750 Boulder 558 642 15.1 $306,087 $306,567 0.2 Boulder 153 99 (35.3) $249,000 $250,750 0.7 Broomfield 6 28 $200,566 38 $200,750 Broomfield 69 81 17.4 $217,274 $223,031 2.6 Broomfield 145 120 (17.2) $207,792 $220,000 5.9 Erie 4 11 $216,250 55 $219,000 Erie 31 25 (19.4) $169,473 $179,600 6.0 Erie 124 62 (50.0) $124,900 $150,000 20.1 Lafayette 8 19 $211,094 108 $244,750 Lafayette 85 99 16.5 $187,974 $194,529 3.5 Lafayette 88 64 (27.3) $184,000 $196,000 6.5 Longmont 8 55 $157,363 74 $138,450 Longmont 163 219 34.4 $181,121 $179,081 (1.1) Longmont 103 75 (27.2) $167,000 $162,000 (3.0) Louisville 6 8 $250,493 21 $214,450 Louisville 37 39 5.4 $191,902 $223,503 16.5 Louisville 73 69 (5.5) $180,000 $201,000 11.7 Superior 2 8 $175,750 35 $175,750 Superior 17 33 94.1 $219,747 $203,305 (7.5) Superior 57 53 (7.0) $220,000 $182,000 (17.3) Mountains 0 0 0 0 0 Mountains 0 2 N/A $178,450 $337,500 89.1 Mountains 98 101 3.1 $178,450 $337,500 89.1 Plains 6 13 $241,735 104 $198,750 Plains 79 98 24.1 $201,673 $189,654 (6.0) Plains 129 73 (43.4) $163,494 $165,000 0.9 Total 84 306 Total 1,039 1,238 For more information contact: Kenneth Hotard 303.442.3585 • [email protected] Datasource: IRES-Information Real Estate Services Medical campus to anchor North Park BROOMFIELD — University of Colorado Health has found room to grow in Broomfield, and McWhinney has found a potential anchor for its North Park development. UC Health bought 66 acres in Broomfield’s North Park area and plans to build a new medical campus on the land. The price of the tract was $23.9 million, according to Broom- field public records. T h e d e a l closed Dec. 21, according to Jay Hardy, McWhin- ney vice president and North Pa rk ge ne r a l manager. COURTESY MCWHINNEY REAL ESTATE SERVICES INC. The deal was University of Colorado Health bought 66 acres in Broomfield’s North Park area and plans to build a new medical campus on announced Jan. REAL ESTATE the land located on the south side of Colorado Highway 7, across from Children’s Hospital Colorado’s Broomfield campus. The 7 by UCHealth Michael Davidson price of the tract was $23.9 million. and McWhin- ney Real Estate Services Inc., the company that is developing North ties to accommodate them. Hardy said McWhinney is happy LAFAYETTE Park, a 935-acre mixed-use devel- “We know there will be more to have UCHealth make the invest- HOMEBUILDING TIMEOUT: opment. The land is on the south services needed there,” Weaver said. ment in North Park, and the com- The Lafayette City Council on Jan. 7 side of Colorado Highway 7, across The project is in such an early pany thinks the medical campus will approved a four-month moratorium from Children’s Hospital Colorado’s stage that UCHealth has yet to deter- benefit the rest of the development. on the issuance of residential con- Broomfield campus. mine whether it will be a satellite The Medical Center of the Rockies struction permits so city planners can UCHealth, a nonprofit based in campus with a few medical office in Loveland, a UCHealth hospital, determine how best to comply with Aurora, has yet to determine what buildings or a full-service hospital, helped drive the growth of McWhin- changes to the city’s growth plan that services will be offered in Broom- he said. ney’s Centerra development, Hardy were approved by voters in November. field, according to spokesman Dan According to the release, more said. The amendment to the City Char- Weaver. Directors of the nonprofit than 400,000 people live within a “This is obviously a major anchor ter lifted a provision that limited bought the land because they know 10-mile radius of North Park, which for us,” Hardy said. “We’re big fans of Lafayette to issuing 200 new building communities such as Broomfield and is near the junction of Interstate 25, using a medical campus to anchor a permits per year for the next six years, others in the north Denver suburbs the Northwest Parkway and E-470. growing community.” which is when the city would meet are growing rapidly, and as of now That population is expected to grow Frank Kelley of CRBE Inc. bro- its limit of 1,200 new dwelling units. there are not enough medical facili- to 845,000 by 2030, it said. kered the deal, Hardy said. ➤ See Real Estate, 25A Boulder County Business Report | www.bcbr.com Jan. 18-31, 2013 | 25A

REAL ESTATE from 24A The 1,200 figure is established in Lafayette’s growth-management plan. Highest-Priced Home Sales in Boulder County Foreclosures in Boulder Valley Developments in Lafayette that November 2012 already are under construction and December 2012 Sale Price Buyer Address City have received prior allocations of City Foreclosures Deeds building permits, such as Coal Creek $1,775,000 Carlos and Hilary Cruz Abrams 3355 4th St., Boulder Filed Issued Allenspark 0 0 Village, are not affected by the chang- $1,650,000 Curtis H. and Melissa C. Farmer 8400 N 81st St., Longmont es to the charter, community develop- Boulder 7 4 ment director Phillip Patterson said. $1,615,000 Hermes O. and Maria R. Gonzalez 9253 Blue Spruce Lane, Niwot Broomfield 16 3 The measure approved by voters $1,400,000 Christopher and Victoria Scordo 1603 Spruce St., Boulder Eldorado Springs 0 0 Erie 3 1 gives Lafayette greater flexibility in $1,390,000 Richard William and Deb Sills 500 Hawthorn Ave., Boulder how it issues building permits, which Golden* 0 0 $1,315,800 Xiao Chuan Cai 4080 Pinon Drive, Boulder Gold Hill 0 0 will better allow it to manage growth $1,290,000 Neilia L. Dixon 700 Aurora Ave., Boulder Hygiene 0 0 in a way that reflects the market for Jamestown 1 0 new construction, Patterson said. $1,155,000 Kate Clare Elizabeth Harris 6373 Snowberry Lane, Niwot Lafayette 5 5 The moratorium will give the staff $1,150,000 John R. Toth 4865 6th St., Boulder Longmont 24 12 the chance to create a policy for issu- Louisville 0 0 $1,150,000 Gregory Bechtel 1005 Gilbert St., Boulder ing the permits, he said. Lyons 0 0 The Lafayette City Council has to Data is based on when transaction was recorded by the Boulder County Clerk and Recorder’s Nederland 1 0 approve the number of permits that Niwot 0 0 can be issued each year. On Monday Source: SKLD Information Services LLC - 303-695-3850 Pinecliffe 0 0 it approved a measure that sets the Superior 1 0 2013 cap at zero and the 2014 cap ater will be in a village-style open-air ants Newmark Merrill must find and Ward 0 0 at 200. City planners do not expect arrangement. the amount of taxable sales per square TOTAL 58 25 new developments to be approved NMMS Twin Peaks LLC, part of foot they must generate. It also requires Year-to-date 2012 1,025 472 and started in 2013, but the cap can Fort Collins-based Newmark Merrill work to begin construction by Dec. 31 *Reflects only the portion of Golden in Boulder County Source: Public trustees of Boulder and Broomfield counties be raised by the council, according to Mountain States, purchased the mall and be completed by Dec. 31, 2015. a staff memorandum. out of bankruptcy last year for $8.5 The measure also requires a large million. The estimated cost of the percentage of the retailers be new to The deal is not the first time public LONGMONT makeover is $80 million, according Longmont in an effort to prevent the support for Twin Peaks Mall has been TWIN PEAKS: The Twin Peaks to Newmark Merrill. mall from cannibalizing sales from considered. Power said attitudes have Mall redevelopment project will The agreement is between the other parts of the city, economic devel- changed, and City Council members receive up to $33 million in public developer, the city, the Longmont opment director Brad Power said. have been hearing more support from financing following a 6-1 vote Jan. 8 Urban Redevelopment Authority and The major component of the deal is voters about an assistance package. by the Longmont City Council. the Twin Peaks Metropolitan District. a $27.5 million special revenue bond “Frankly, this community wanted The owner of the mall, NMMS The certifications of participation and to be issued by the Longmont Urban to have it happen. There was a lot of Twin Peaks LLC, plans to redevelop special revenue bonds used to finance Renewal Authority, according to a momentum,” Powers said. the mall into a 470,000-square-foot the project are to be repaid from new memo provided by the city. Over 25 Councilwoman Sarah Levison retail center with a large movie the- property- and sales-tax revenue the years, the mall could generate $94.3 voted against the agreement. ater, club warehouse retailer and mall generates. million for Longmont, while the total natural grocer as major tenants. The agreement has a number of debt obligation over that time could Michael Davidson can be reached at Retailers, restaurants and the the- conditions, including what kind of ten- reach $45.5 million. 303-630-1943 or [email protected].

WIND from 3A about regularly on the Senate floor: plants in Colorado. project was distributing electricity into against the fiscal-cliff deal because it Wind energy creates jobs and benefits “We can’t speculate on future the grid, he said. Under the new tax- didn’t contain “a comprehensive defi- every American. I look forward to employment levels at our U.S. facto- credit scheme, a company can qualify cit reduction package,” Bennet said in continuing to lead the fight for our ries,” said Andrew Longeteig, spokes- for the credit as long as wind-project a press statement. wind industry and an all-of-the-above man for North American Vestas, add- construction begins by Dec. 21. “While the extension of the PTC energy policy in 2013.” ing that the company “has maintained Approval of the extension is “really was included in a much larger bill Citing a report from Navigant Con- a flexible workforce and will be able good news for Vestas, because the that I eventually could not support, sulting, Rucker told the Business Report to scale production to meet customer American market and how it develops it is a worthy investment. Colorado is last fall that the consequences of letting orders with deliveries from our U.S. is extremely important,” Vestas chief a wind-energy leader and a majority the credit expire would have cost more factories.” marketing officer Morten Alback told of our state’s congressional delegation than 37,000 jobs in the United States, Supporters of the tax credit would Bloomberg News. Vestas now expects recognized the tax credit’s impor- including 6,000 in Colorado. have preferred a longer extension. higher orders for turbines this year tance. Our delegation led a national Juwi Wind is the Boulder-based “We still think a more stable poli- than would have happened without bipartisan and bicameral effort all North American subsidiary of the Juwi cy framework is needed to ensure a the credit’s extension, Alback said, year long to extend it. It is critical to Group, an international company that strong wind industry in this country,” adding that it’s “too early” to predict Colorado’s diverse energy sector, and designs, builds and finances wind farms. Longeteig said. exact numbers. its extension will help save thousands It employs 20 people in Boulder. Former Colorado Gov. Bill Ritter, In a statement, Vestas noted that of jobs across the state. Businesses Extension of the production tax director of Colorado State Univer- the short-term extension is critical that rely on the wind industry now credit “at least allows us to function,” sity’s Center for the New Energy to ensure projects move forward and have added certainty and we can Rucker said. “It’s a bit of stability as Economy, called the extension “lim- orders are placed that “will support expect continued investing in this we look for longer-term solutions to ited good news” but said he believed U.S. manufacturing and the domestic technology. This extension should incorporate wind into our energy mix.” it would keep Vestas in Colorado this supply chain. Even though the late have been passed long ago and should Uncertainty about whether the tax year. timing of the extension will result in a never have been caught up in Wash- credit would be extended had forced The wind industry had asked for a significant reduction in 2013 installa- ington’s irresponsible eleventh-hour cutbacks by much of the wind-energy tax credit that would run until 2018 tions relative to prior years due to the act to avert a manufactured crisis.” industry in 2012. Turbine-parts man- and had pledged to end the subsidy time it takes from when an order is Bennet has been “100 percent on ufacturing plants across the nation after that, Ritter said. placed to project completion, the U.S. our side” about wind energy, McCall laid off thousands of workers and “That didn’t happen, so we’re back market will nonetheless be stronger as said, “and we wanted to thank him.” developers put new projects on hold. in this boom-and-bust cycle of wind a result of the PTC extension.” Challenges remain as the wind On Oct. 3, Vestas Wind Systems manufacturing that’s driven by this Like Udall, Sen. Michael Bennet, industry recovers from the period of AS (CO: VWS) announced it was tax credit,” he said. D-Colo., has been a supporter of uncertainty, Rucker said. “The funda- consolidating three research and The key difference between the the tax credit — including adding mentals are still weak, demand is low, development offices, including one new tax credit and the previous one is an amendment for the extension to and we need utility buyers.” in Louisville, to one site in Brighton. that companies could not take advan- a transportation bill in February — Vestas also has large manufacturing tage of the previous credit unless a but was one of eight senators voting Steve Lynn contributed to this report. 26A | Jan 18-31, 2013

OPINION BOULDER COUNTY BUSINESS REPORT WWW.BCBR.COM Wind credit should have been longer all it a partial victory. Word that Congress had Cpassed legislation extending the wind-energy production tax credit through 2013 prompted sighs of relief from supporters of renewable energy. The extension was included as part of legislation that helped avert the so- called “fiscal cliff” at year’s end. Wind projects that begin construction during 2013 are eligible for the credit, which amounts to 2.2 cents per kilowatt hour built. Wind-energy advocates had warned that failure to renew the credit could have cost 37,000 jobs nationwide, including 6,000 in Colorado. But this extension is only a partial reprieve. Far preferable would have Law firms give boost to region been an extension through 2018, as advocated by the industry, which the entrepreneurial climate, which field counties might take these firms had pledged to end the production Local economy fueling spawns new startups at an incredible for granted, many parts of the coun- tax credit after that. expansions, acquisitions rate. Some also serve the real estate try — and even areas within Colora- investment sector, providing exper- do — have yet to pop onto the radar awyers, like journalists, are not tise for acquisition or sale of com- of these skilled firms. EDITORIAL exactly at the top of many lists mercial real estate — typically a hot Professional-services firms are Extension of the production tax Lof “favorites.” investment locally. considered a major industry cluster credit has been supported by both But one of the industries that too And law by the city of Boulder and the Boul- Colorado U.S. senators, Democrats often gets overlooked in the Boulder and accounting der Economic Council. They recog- Mark Udall and Michael Bennet, Valley is the professional-services sec- firms also are nize that their presence in our region as well as other members of the tor. That’s defined, at least by the web- significant con- helps to build our important indus- congressional delegation. U.S. Rep. site Bitpipe.com, as “Industries whose tributors to the try clusters and generate wealth Cory Gardner, R-Colo., supported products and services are based on real estate sec- within our communities. an extension through 2018, with a professional expertise, rather than on tor in their own So the next time you’re speaking phasing out of the credit. discrete products.” Think law firms — right, leasing or with your Boulder-area attorney or Opponents of the production and accounting firms — to start. purchasing large accountant, thank them for their tax credit argue that it is a waste of Why mention it? Because this PUBLISHER'S chunks of office presence in the market — but make money, subsidizing an industry that sector represents a significant seg- NOTEBOOK space. sure they’re off the clock. cannot stand on its own. But they dis- ment of the economy in Boulder and Christopher Wood Additionally, regard other subsidies for fossil fuels Broomfield counties, and it’s one those firms spe- ••• and ignore the environmental bene- that is growing every day. cializing in intellectual property reap fits of increasing the nation’s portfolio Sure, the Internet, technology, the rewards of the Boulder Valley’s One of the pleasures of publish- of renewable energy. health-care, outdoors, natural-products, entrepreneurial endeavors. Some were ing the Boulder County Business Indeed, the production tax credit real estate, aerospace and other sectors even instrumental in Denver securing Report is the long-standing col- should not be a partisan issue. Colo- get all the attention, but as Boulder a new branch of the U.S. Patent and laboration with the Boulder County rado is just one state that has seen the County Business Report staff writer Trademark Office, which is predicted Business Hall of Fame. This non- benefits of wind-energy manufactur- Beth Potter wrote in a recent edition, to generate even more demand for profit organization, celebrating its ing operations, and our entire econo- expansions at area law firms are going legal services in the years ahead, not 20th anniversary in 2013, honors the my has benefited from its growth. full blast. In fact, it’s difficult to find a only in Denver but in Boulder as well. icons of Boulder County’s business While we’re grateful that the pro- law firm that isn’t adding attorneys in Just as law and accounting firms community. Nominations for the duction tax credit was extended, we the Boulder Valley right now. are drawn by Boulder-area entrepre- 2013 class close on Jan. 31. If you believe that it didn’t go far enough. (See Beth’s article, “Area law firms neurship, companies are attracted would like to nominate someone for An extension through 2018 would reach verdict, ordering more space, to the Boulder area in part by the inclusion in this prestigious group, enable the industry to grow and attorneys,” in our Jan. 4-17 edition, or presence of legal and accounting please visit www.halloffamebiz.com. wean itself from the tax credit, and find the article at www.bcbr.com.) expertise, including firms that are would eliminate the year-to-year These law firms, as well as homegrown or branches of Denver Christopher Wood can be reached uncertainty that comes with annual accounting firms, are drawn to the or out-of-state firms. at 303-440-4950 or via email at debate on the credit’s merits. Boulder Valley precisely because of While we in Boulder and Broom- [email protected].

BOULDER COUNTY PUBLISHER WEB DIRECTOR CIRCULATION MANAGER BUSINESS REPORT Christopher Wood ...... [email protected] Dennis Mohr ...... [email protected] Janet Hatﬁeld ...... jhatﬁ[email protected] 3180 Sterling Circle, Suite 201, EDITOR WEB DESIGNER CARTOONIST Boulder, Colo. 80301-2338, is Doug Storum ...... [email protected] Denise Schwartz ...... [email protected] Ron Ruelle published biweekly by BizWest Media LLC a Colorado corpora- COPY EDITOR SALES DIRECTOR CONTRIBUTING PHOTOGRAPHER tion, in Boulder, Colo. Dallas Heltzell...... [email protected] Kevin Loewen ...... [email protected] Jonathan Castner

To advertise or subscribe: WRITERS MARKETING MANAGER CONTRIBUTING WRITER Michael Davidson [email protected] De Dahlgren ...... [email protected] Elizabeth Gold VOLUME 32, ISSUE 2 303-440-4950 Fax: 303-440-8954 Beth Potter ...... [email protected] Online edition: www.BCBR.com OFFICE MANAGER RESEARCH DIRECTOR Tiffanie Moore ...... [email protected] The entire contents of this newspaper Mariah Gant ...... [email protected] are copyrighted by BizWest Media with ACCOUNT EXECUTIVES all rights reserved. Reproduction or use, PRODUCTION DIRECTOR Storm Hostetter ...... [email protected] without permission, of editorial or graph- Dave Thompson ... [email protected] ic content in any manner is prohibited. Dave Thomas ...... [email protected] Boulder County Business Report | www.bcbr.com Jan. 18-31, 2013 | 27A Compact addresses immigration reform KOSDROSKY from 18A the timing is not only right, but that Editor’s note: This guest opinion was Our employees, our suppliers, our owners, we signed the compact the businesses and communities of co-written by Brad Feld, managing customers and our competitors across because it demonstrates a clear northwest Denver must work together director, Foundry Group; Mike Jor- the globe will tell you that sort of poli- commitment to ensuring that any to ensure the region’s competitive eco- gensen, chairman, Colorado Springs tics and posturing just doesn’t cut it in immigration reform policy must be nomic interests. Our goal is to trans- Business Alliance; Kelly Brough, the real world. developed with the best interest of form the BEDC into a regional force for president, Denver Metro Cham- We signed on to the Colorado the economy in mind. economic prosperity.” ber of Commerce; John Brackney, Compact because it is time for a real The compact recognizes that Colo- Kosdrosky is the BEDC’s third president/CEO, South Denver Metro conversation about immigration and rado is best served by a free-market head since longtime president and Chamber of Commerce; and Sarah about how to solve this problem now. philosophy that maximizes individual CEO Don Dunshee retired in 2010. MacQuiddy, president, Greeley The Colorado Compact, a nonpar- freedom and opportunity. It sup- During that time the BEDC’s mis- Chamber of Commerce. tisan initiative spearheaded by Sen. ports an immigration system flexible sion has changed, as Broomfield has Michael Bennet, D-Colo., and former enough to address the needs of busi- created its own internal office of eco- ince our nation’s founding, Sen. Hank Brown, R-Colo., does just nesses while protecting the interests nomic development. immigration has played an that. It brings together more than 400 of workers. This approach includes “The city and county will still Sintegral role in our economy, as organizations and community leaders a visa system that is responsive and remain active (with the BEDC), but workers and families are drawn here to agree on a set of principles to guide effective at meeting the demands of they will be less the primary sponsor by the promise of opportunity and immigration reform. our economy — for example, sup- and take the role of a regular investor,” the allure of achieving the American By bringing together people who porting high-tech companies in hiring Kosdrosky said. dream. In the process, billions of dol- are directly impacted by the immi- highly skilled grads coming out of our He said the changing mission and lars in consumer spending are added gration debate – law enforcement, own universities — but one that also relationship with Broomfield and to the economy. immigration advocates, faith-based acknowledges the beneficial economic the economy are the reasons for the However, the issue is also an leaders, business owners, farmers contributions immigrants make as BEDC’s recent changes in leadership. emotional one, with no shortage of and others – the compact sends a workers, taxpayers and consumers “I think it’s a function of changing rhetoric and political posturing. That message to Washington that there is – in Colorado alone, undocumented times,” he said. “The economy means rhetoric is merely noise that covers up indeed an appetite for civil discourse workers represent an overall economic things have changed, especially for non- what the business community recog- and common ground on this issue. impact of $33 billion, that’s 13 per- profits and business-related nonprofits.” nizes are the real problems — whether Comprehensive reform is possible. cent of our state’s total output. The BEDC is reaching out to other it’s highly educated students that are The compact outlines several Immigration is a high priority for communities and business leaders in forced to go back to their home coun- points that we believe should serve us in Colorado. We need our lead- the U.S. Highway 36 corridor to mea- tries where they will compete with as a framework for any discussion on ers in Washington to leave their sure interest in a regionally focused our own workers and businesses in the reforms. It acknowledges that our politics at the door and have a frank organization, Kosdrosky said. It also is global marketplace or a visa system immigration policies are the responsi- discussion about what it will take to working with R&M Resource Devel- that undermines Colorado’s robust bility of the federal government, and enact real and lasting reforms to our opment of Denver to conduct a feasi- tourism industry — we need reform. it prioritizes both maintaining safe immigration system. The Colorado bility study. Unfortunately, our lawmakers have and secure borders and keeping close Compact is the place to start. Before becoming executive direc- focused more on the politics around families together. For more information go online at tor, Kosdrosky was a project manager the issue than on workable solutions. Most importantly for business www.ColoradoCompact.com. and consultant with the corporation.

TEXTUS.BIZ from 3A NREL from 10A nism to broadcast a group message to founders — Andrew Kimmell and and cars, or even jet fuel for use in planes. gas, and which have a natural ability let people know things like a certain Chris Rechtsteiner — with two devel- The intermediate fuels produced to make lipids from the methane. clothing line is in, for example.” opers writing code for TextUs.Biz. A could also be used on site at oil and gas But the enzymes can’t naturally pro- Educating the public about using customer service representative will wells to power equipment or keep the duce enough lipids to make a project texting to communicate with busi- come aboard in January when the sleeping quarters warm – demonstrat- economically feasible, so they need nesses is part of the strategy for Tex- company launches nationally. ing a way that remote locations can some help from genetics. A goal of tUs.Biz. The company gives business The subscription-based service become energy independent. this project is to genetically engineer clients marketing material to help is free for the first 100 messages a The University of Washington is that microorganism to both increase customers in the behavior-modifica- month and runs $24.99 monthly for taking the lead and focusing on genet- the amount of membrane lipids and tion process. These materials include 1,500 messages; $49.95 for 5,000 ically modifying the microbes. NREL to get the microorganism to produce window decals that advertise a com- messages; and $74.95 for 10,000. will be in charge of fermentation to nonphosphorous-based lipids that are pany as ‘text friendly’ and cards to Guggenheim admits that competi- demonstrate the productivity of the more readily converted to fuels. hand out to customers. tors offer parts of what TextUs.Biz microbes, both the natural organism The end product would be a fuel “It took four years for people to see offers. “There are services that allow and the genetically-altered varieties. intermediate that then could be piped to the value of Twitter,” Guggenheim businesses to push out messages to NREL also will extract the lipids a refinery for final processing into diesel said. “We’re not trying to get people customers,” he said, “but they don’t from the organisms and analyze the or jet fuel. “It would be a good feedstock to do something that’s all that differ- offer a two-way service or one that economic potential of the plan. for a refinery,” Pienkos said. “If things ent from what they already do. It’s uses a business landline. A third partner, Johnson-Matthey go well, at the end of the project the just about time. People don’t question “That’s part of our value proposi- of the United Kingdom, will produce economics and the technology would be that it will become commonplace to tion.” the catalysts that turn the lipids in there to scale it up to commercialization.” do this. It’s just a question of when.” One of the company’s business the methane into fuel. Illinois-based Jennifer Holmgren, chief executive In October TextUs.Biz offered ser- strategies is to partner with other Lanza Tech, a pioneer in waste-to- at LanzaTech, said the direct conversion vices until the end of the year to about agencies to resell its services. Those fuels technology, has signed on to take of methane to diesel has the potential 100 businesses in the Boulder area. include merchant-services companies the bench-scale plan to the commer- to dramatically increase energy supply About 20 businesses have since signed and VoIP providers. cial level, if it is successful. while mitigating greenhouse gas impact. up. Marketing plans include hooking “We’ll be leveraging our decades “We are excited to partner with such a “We knew we needed to test it and up with tech blogs and tech publish- of experience in producing biofuels strong team and to have the opportunity get positive and negative feedback to ers as well as social media. The latter and lipids, which in the past we’ve to leverage our commercial gas fermen- get proof of concept,” Guggenheim will include TextUs.Biz customers typically done via algae,” said Phil tation expertise in this new sector.” said. “About half of them became promoting the service by telling their Pienkos, NREL’s principal investiga- The project received a $4.8 million power users right away.” clients “how innovative they are” to be tor on the liquid-to-diesel project. grant from the Department of Energy’s Developing the TextUs.Biz service using it, Guggenheim said. “Here, we’ll be applying it to a brand Advanced Research Projects Agency. has taken the better part of a year. Start-up costs for the company new feedstock, natural gas, which is NREL is the U.S. Department “We built the application about a year have reached about $25,000 in per- recognized as being critically impor- of Energy’s primary national labora- ago,” Guggenheim said, “and about sonal, family and friends’ funds, Gug- tant to the United States.” tory for renewable energy and energy four months ago we became able to genheim said. “We’ll be pitching to The team will start with micro- efficiency research and development. use a business landline to text.” Angel investors in the first quarter of organisms that grow naturally on NREL is operated for DOE by the There are two other company 2013, looking for one-half million.” methane, a component of natural Alliance for Sustainable Energy LLC. ROCKY MOUNTAIN TECH DIRECTORY

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