Utility Customers in Boulder Wait, Watch

MEDICAL DEVICES ECONOMY AND LABOR Prosthetic maker helping NREL’s economic impact people reclaim sports skills calculated at $814 million 3A 5A

Volume 32 Issue 6 | March 1-14, 2013 Utility customers in Boulder wait, watch BY MICHAEL DAVIDSON lawyers, as well as technical and legal [email protected] advisers hired by the city, have been City report lays out strategies studying for months whether Boulder BOULDER – Businesses and could form a utility. Its studies sought institutions in Boulder continue to for electric municipalization to ﬁnd out if the utility could be as watch and try to understand the latest reliable as Xcel Energy, with lower developments in the municipalization ers and legal experts believe the city Boulder City Council and lays out carbon emissions and more energy debate, even if they are not ready to should be able to create a municipal strategies for the city, including ones from renewable sources. The utility take a public stand supporting or “utility of the future,” according to a that could lead to a legal ﬁght between also would have to charge lower rates. opposing the idea. report released Feb. 21. Boulder and Xcel Energy Inc. Rates and reliability have emerged Boulder’s team of energy advis- The report was prepared for the A large team of city planners and ➤ See Utility, 12A

Area airports wage ‘gas wars’ Broomﬁeld Competition for customers helps aviation business take off EDC hopes to expand regionally Economic-development effort seeking partners

BY MICHAEL DAVIDSON [email protected]

BROOMFIELD — The Broom- field Economic Development Corp. is going to try to become a regional economic development agency serving Boulder and Broomfield counties and the rest of the U.S. Highway 36 corridor. The BEDC is a nonprofit public- private partnership with the mission of attracting new businesses to Broomfield and retaining existing ones. The organization has had a hand JONATHAN CASTNER A private aircraft at Vance Brand Municipal Airport in Longmont receives a tankful of fuel from Brian Pickerell of Air West in a number of notable successes over Flight Center Inc. Competition between general-aviation airports in the area has sparked a battle to have the lowest gas the years, including the growth of prices for planes. See story, 13A. the Interlocken business park and the decision by companies such as Level 3 ➤ See Broomfield, 9A

CONTENTS Serving Boulder & Broomfield Counties Aviation ...... 13A For the Record ...... 16A Boulder County’s Business Journal Awards ...... 17A Eye ...... 3A BCBRdaily ...... 2A Medical File ...... 8A Business Digest ...... 18A Nonprofit Network ...... 19A Calendar ...... 18A On the Job ...... 19A CEO Roundtable ...... 6A Product Update...... 17A Economic Development ...... 9A Publisher’s Notebook ...... 22A Editorial ...... 22A Real Estate ...... 20A LISTS Aircraft Companies ...... 14A Economic-Development Organizations ...... 10A 2A | March 1-14, 2013 Boulder County Business Report | www.bcbr.com Sackett leaving Avista for job in Maryland Editor’s note: The following is a wrap- Department of Housing and Human up of breaking local business stories Services advisory committee, the published daily on the Boulder County American Hospital Association and Business Report’s website. Sign up the Colorado Hospital Association. for our free BCBRdaily, an all local Posted Feb. 26. e-news report sent to your email each weekday. Just click on “Register for Spectralink returning to Boulder E-Newsletters” at www.BCBR.com. WESTMINSTER — Spectralink Corp. is planning to celebrate its BY BUSINESS REPORT STAFF newfound life and independence with [email protected] a return to Boulder and a major new product launch. LOUISVILLE – Well-known hos- Spectralink is a developer of on- pital administrator John Sackett is site enterprise-level mobile com- moving to Rockville, Maryland, to be munications technologies, including president of a 331-bed hospital. Wi-Fi handsets and infrastructure for Sackett currently is the chief exec- secure networks. Until December, it utive and president at Avista Adven- was owned by Polycom Inc., the San tist Hospital in Louisville, which Jose, California-based company that has about 114 beds. He will take on BCBR FILE PHOTOGRAPH makes equipment for voice and video his new role at Shady Grove Adven- John Sackett, longtime hospital administrator in the Boulder Valley, will leave his conference calls. Polycom (Nasdaq: tist Hospital in Maryland in April, post as chief executive and president of Avista Adventist Hospital in Louisville this PLCM) bought Spectralink in 2007, according to a press statement. April for a similar job at Shady Grove Adventist Hospital in Maryland. 17 years after Spectralink was founded in Boulder. sion and ministry at Centura Health, physician and employee satisfaction,” Spectralink was a Boulder-born BCBR DAILY the Colorado health-care network of Boyle said in the press statement. “He success story that became the lead- which Avista is a member. will be sorely missed.” er in “workplace Wi-Fi telephony,” Avista officials will begin a search The hospital administrator’s experi- Sackett served as a Louisville City according to media coverage when the to replace Sackett. ence with cystic fibrosis has given him Council member from 1986 to 1991 deal was announced. Polycom paid Sackett started his career at Boul- insights into how patients feel at the and as a Louisville Chamber of Com- $220 million in cash to acquire it. der Memorial Hospital in Boulder in hospital, said Jim Boyle, chairman of merce board member from 1993 to In December, Polycom sold Spectra- 1982, where he was an administrative the Avista hospital board of trustees. 1996. He also has been active in civic, link and a related division to an affiliate assistant. He has served as vice presi- “Under his leadership, the hos- community and industry organiza- of private equity firm Sun Capital Part- dent and president of Avista since pital not only opened but thrived tions locally and beyond, including ners for $110 million. The new owner is it opened in 1990. Sackett also has and became recognized as one of Community Food Share and United giving Spectralink the support needed served as senior vice president for mis- the nation’s top hospitals for patient, Way in Boulder County and the U.S. ➤ See BCBRdaily, 23A

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Source: StrokeCenter.org Boulder County Business Report | www.bcbr.com March 1-14, 2013 | 3A Collective plans ‘solar garden’ in Boulder BY BETH POTTER design and installation. It has offices likely will see a return on their invest- dale to Boulder in December. Its [email protected] in Arizona, California, Colorado, ment in three to five years. A federal 7,000-square-foot headquarters at Hawaii, New Jersey and Oregon. renewable energy tax credit also will 3005 Center Green Drive, No. 210, BOULDER — Clean Energy Col- “Solar garden” projects are made be available to customers, which will houses sales, marketing, business lective LLC plans to build a commu- possible through the Colorado Com- speed the time for a ROI to be realized. development, project management nity-owned “solar garden” in Boulder. munity Solar Garden Act passed in Clean Energy expects to make a and finance departments. About 15 The Boulder Community Solar 2010 by the state Legislature. profit by marking up the panel price. percent of the company will remain Array will consist of 2,016 solar panels Clean Energy Collective will finance It also will have the responsibility of elsewhere. It currently employs and have the capacity to generate 500 and manage the project. Tim Braun, a maintaining the array. seven people, and plans to grow to 50 kilowatts of energy. It will be built on 3.5 company spokesman, said Xcel cus- The company has received $13 mil- employees this year, he said. acres of land at 1600 66th St. in Boulder. tomers who choose to participate will lion in venture capital from New Energy Clean Energy Collective built its Utility company Xcel Energy Inc. buy panels that are expected to range Capital in New Hampshire and Black first solar garden near El Jebel, Colo- and solar company REC Solar Inc. are in price from $575 to $830 each. Coral Capital, which has offices in New rado, in 2010, according to a press partners in the project. Xcel provides In return, customers will receive an York, Boston and Montreal, Braun said. statement. Since then, the company power to Boulder, and REC Solar approximate $15 credit each month Clean Energy Collective moved has installed 2.7 megawatts of solar specializes in grid-tied solar electric from Xcel. At that rate, customers its headquarters from Carbon- power generation in the state. Happiness Helping hands index: How TRS devices help amputees reclaim tweet it is work, play skills There are few long faces in Long- BY HEATHER McWILLIAMS mont, the smiles are bolder in Boul- [email protected] der and Lafayette may have the last laugh yet. BOULDER — When a car acci- At least that’s the conclusion of dent crushed Bob Radocy’s left the University of Vermont’s Depart- arm, leading to the amputation of ment of Math and Statistics, which his hand, his life catapulted in a looked at 10 million geo-tagged new direction. posts from 190 metropolitan areas Spurred by frustration with on the Twitter social network. available prosthetics and deter- The premise of the study, titled mined to continue his active life “The Geography of Happiness,” was as a sportsman and athlete, Radocy that the frequency of positive words created his own devices. in an area’s 140-character tweets indicated that that area must be a pretty happy place — while swear- We’re a niche business ing brought a city’s score down. in prosthetics that builds equipment primarily for BCBR EYE people missing their hands through congenital or When these glee-hunting geeks — gleeks? — from the land where traumatic loss. sweetness grows on trees ran their numbers, they discovered that Bob Radocy Longmont was the nation’s second- PRESIDENT/CHIEF EXECUTIVE, happiest city. Lafayette came in THERAPEUTIC RECREATION SYSTEMS INC. ninth, Boulder 12th and Fort Col- lins 13th. Wine-soaked Napa, Cali- fornia, was ranked the happiest city, while hot and humid Beaumont, Now decades later, Boulder- Texas, finished last. based Therapeutic Recreation Sys- The six happiest states in the sur- tems Inc., has helped thousands MICHAEL MYERS vey were Hawaii, Maine, Nevada, of amputees reach goals, reclaim The amputation of Bob Radocy’s left hand after a car accident led him to start Utah, Vermont and Colorado. The skills and even reach world records Boulder-based Therapeutic Recreation Systems Inc., which makes prosthetic saddest were Louisiana, Mississippi, that would have otherwise been devices that help people reclaim their work or sports skills. Here, Radocy Maryland, Delaware, Georgia and impossible. wears a device for basketball. On the table are devices for baseball, golf and Alabama. “We’re a niche business in swimming, and some devices for babies born without hands. The researchers did not factor in prosthetics that builds equip- climate, scenic vistas or the ratio of ment primarily for people missing prosthetics globally each year to as gripping and swinging a golf club, microbreweries per unit of popula- their hands through congenital or individuals and third-party orga- swimming, playing basketball or tion — all of which might explain traumatic loss,” said Bob Rado- nizations such as insurance com- lifting weights. the cheerful tweets emanating from cy, president and chief executive panies or workers’-compensations Radocy began the company in this area. of TRS. The company employs programs. 1979 as a self-financed endeavor. The study’s methodology is eight people, completing design, TRS products don’t look like “I made my first couple of outlined here — http://arxiv.org/ development and manufacturing hands, Radocy said, but are tools devices as a personal project, never pdf/1302.3299.pdf — if it’ll make in Boulder. It sells about 1,000 designed for a specific purpose, such ➤ See Hands, 11A you happy. 4A | March 1-14, 2013 Boulder County Business Report | www.bcbr.com Crocs facing possible fines, unpaid duties of $36 million BY BETH POTTER [email protected] THE U.S. CUSTOMS and Border Protection NIWOT — Shoemaker Crocs Inc. may have to pay up to $14.3 million in agency estimated that unpaid customs duties in the United States and up to $22 million in tax Niwot-based Crocs owed penalties to Mexico’s Federal Tax the money after doing an Authority, according to its annual report. audit of company finan- The U.S. Customs and Border Protection agency estimated that cial statements from 2006 Niwot-based Crocs owed the money to 2010, according to the after doing an audit of company financial statements from 2006 to 2010, report, a regulatory docu- according to the report, a regulatory document filed with the U.S. Securi- ment filed with the U.S. ties and Exchange Commission. Securities and Exchange Crocs (Nasdaq: CROX) said the amount was “erroneous” and suggest- Commission. ed the amount owed was considerably less, according to the regulatory document. A final report from the customs agency is not expected to be filed until bel said the company’s policy is not the middle of the year. to discuss audits beyond what was In a separate audit by the Mexico provided in the regulatory document. Federal Tax Authority from Janu- In the regulatory filing, Crocs also ary 2006 to July 2011, there were reported that it has spent $5.9 mil- two separate disputes, according to lion related to all legal matters for the regulatory document. One of the year. the disputes is about taxes on the Crocs is known for its colorful company’s capital equipment and plastic shoes. The company posted finished goods; the other is on raw record revenue of $1.1 billion for the materials. year, a 12 percent gain from 2011 rev- The capital equipment and fin- enue, according to an earnings report ished goods audit was completed released Thursday, Feb. 29. and “no major discrepancies” were Crocs also posted revenue of BOULDER GREEN BUILDING AWARDS found, according to the regulatory $224.9 million for the most recent The deadline for entering is April 22. document. Crocs believes the pro- quarter ended Dec. 31, up from The Boulder County Business posed penalty on raw materials for the $203.71 million for the same quar- time period in question is “unfounded ter in 2011. The company posted Report and the Colorado and without merit,” according to the gross profit of $106.4 million for the Green Building Guild have document. most recent quarter ended Dec. 31, teamed up to present the Crocs expects the matter to be up from $99.8 million for the same inaugural Boulder Green resolved in two or three years in the quarter in 2011. Building Awards. Mexican courts, according to the Crocs’ stock was trading down 13 regulatory document. cents at $15.30 per share in after- This competition recognizes building owners and professionals who are leaders Crocs’ spokeswoman Shelley Wei- hours trading on Monday, Feb. 25. in making green building a common practice in the Boulder Valley. Awards will be presented in eight categories, including: CORRECTIONS Best Green Adaptive Reuse of Existing Best Green Residential Retro t or An article on Page 11A of the Feb. 15 edition about 1000 Rosewood, an affordable Building Remodel housing development in Boulder, incorrectly stated the percent of affordable housing in new developments required by a city of Boulder ordinance. The city’s requirement is 20 Best Green Educational Facility Best Green Improvement percent. Best Green Health-Care Facility on a Historic or Old Building Best Green Multi-Residential Building Best Green Hospitality Facility Best Green Improvement on a Open Category Commercial Building Volume 32 : Issue 6 An overview of the nalists will appear in March 1-14, 2013 Copyright 2013. BizWest Media LLC. the Boulder County Business Report May Reproduction or use of editorial or graphic content without written permission is prohibited. 11 issue and awards will be presented at 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 BCBR’s annual Green Summit in late May. corporation, 3180 Sterling Circle, Suite 201,Boulder Colorado, 80301-2338. Periodical Postage Paid at Boulder, CO and at additional mailing offices. To nominate a building go to Subscriptions are $49.97. International subscriptions are $180.00. www.coloradogreenbuildingguild. POSTMASTER; Send change of address notices to: org by April 22. The Boulder County Business Report, P.O. Box 270810, Fort Collins, CO 80527. (303) 440-4950 Fax: (303) 440-8954 E-mail:[email protected] Web: www.BCBR.com Boulder County Business Report | www.bcbr.com March 1-14, 2013 | 5A NREL’s economic impact at $814.8 million BY BETH POTTER [email protected] NREL JOBS generated $403.4 million GOLDEN — The National Renewable Energy Laboratory’s net in wage impacts in 2012, economic benefit to Colorado was $814.8 million in 2012, according to making the lab one of a new study. the largest employers Golden–based NREL is the largest federal lab in the state, supporting in Jefferson County. about 2,300 jobs in 2012, according to the new study, which was done by the business research division at the construction expenditures were $113 Leeds School of Business at the Uni- million in fiscal year 2012, a 7.4 per- versity of Colorado-Boulder. cent increase from the same period NREL jobs generated $403.4 mil- the year before, according to the study. lion in wage impacts in 2012, making However, NREL’s statistics got the lab one of the largest employers smaller in 2012 than they were in in Jefferson County, according to the 2011 – mainly because of federal study. COURTESY DENNIS SCHROEDER/NREL budget pressures, Lewandowski said. While budgets vary from year to The National Renewable Energy Laboratory in Golden is the largest federal labora- The lab spent fewer dollars on renting year, Boulder also is home to some tory in Colorado, employing approximately 2,300 people. Seen here is a modular office buildings in 2012 as it consoli- of the largest federal labs in the state workstation at NREL’s Research Support Facility. dated operations on its main campus, by number of employees, including according to the study. the National Center for Atmospheric “It’s important to realize these are chasing practices may have positively NREL focuses on renewable-ener- Research, or NCAR, and the National in our backyard, because they do have affected the economic impact num- gy and energy-efficiency research and Oceanic and Atmospheric Adminis- substantial economic impacts on the ber, Lewandowski said. development for the U.S. Depart- tration, or NOAA, each with around state,” Lewandowski said of the area’s NREL completed a 1,800-car- ment of Energy. The Alliance for Sus- 1,000 employees. federal labs. parking garage with solar panels on its tainable Energy LLC nonprofit group All federal labs in Colorado had Capital expenditures at NREL roof in fiscal year 2012, the study said. operates the lab. The nonprofit group $1.5 billion in net economic benefit to in fiscal year 2012 — including an Regional construction companies did commissioned the economic-impact the state in a two-year-old study being expansion at the South Table Moun- the work. Also completed was a new study from CU. The alliance is made updated in May, said Brian Lewan- tain campus in Golden that will wrap energy systems building, where util- up of Battelle, a nonprofit business dowski, a research associate in the up this year — contributed to the ity companies and others can test the services group based in Columbus, business research division at Leeds economic impact estimate, according effect of increased renewable energy Ohio, and MRIGlobal, a nonprofit who was involved in both studies. to the study. In addition, local pur- on the national electric grid. In all, group based in Kansas City, Missouri.

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CLevelMileHigh.org 6A | March 1-14, 2013 Boulder County Business Report | www.bcbr.com Optimistic bankers wary of federal budget cuts BY BETH POTTER [email protected]

BOULDER — Bankers in the region are cautiously optimistic about 2013, although they said the increased costs of dealing with federal regula- tion may put a damper on potential business growth. Consumer conﬁdence is coming back, with many companies in the region hiring and adding new equipment, or thinking about it, bankers said. However, sequestration, where government spending cuts of $1.2 trillion over 10 years could start on March 1 if the 2013 federal budget is not approved, may also bog down the current economic recovery, they said.

DOUG STORUM “People are making investments Kevin Erickson, left, a business banker with Loveland-based Home State Bank, hopes to build on the success at a branch in into their businesses and companies Longmont as it opens another branch in Louisville this month. “Loan customers want a true, locally owned community bank,” are starting to hire a little bit again,” he said. Participants at the CEO Roundtable on banking included Susan Moratelli, Boulder community bank president for ANB said Cedric Buchanon, metro Denver Bank, and Chris McVay, vice president at High Plains Bank and manager of its branch in Longmont. city president at BBVA Compass, which has 40 locations along the Front Range and $2.5 billion in assets. 19 at the Boulder County Business UBS Financial Services Inc.’s wealth- Denver. The bank has about $2.4 bil- “We’re all looking to lend once again.” Report’s CEO Roundtable on bank- management office in Boulder. “Over- lion in assets. This year is starting out BBVA Compass is a subsidiary of ing at the offices of Berg Hill Green- all, our results were great last year, and slower than 2012 did, he said. BBVA Compass Bancshares Inc. the leaf & Ruscitti LLP in Boulder. hopefully they will be in 2014 as well.” “We expect huge growth in that U.S. holding company based in Bir- “There are obviously some head- Home mortgage lending “just (mortgage) market for the next couple mingham, Alabama (NYSE: BBVA). winds out there with sequestration exploded” for Vectra Bank in the of years,” Monroe said. “2014 will be Buchanon and other bankers operat- and other deadlines,” said Peter Braun, region in 2012, said Kirk Monroe, an the year we see things take off.” ing in the Boulder Valley spoke Feb. first vice president of investments at executive vice president who works in ➤ See Bankers, 7A

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BANKERS from 6A American banks have “taken our days and more willing to negotiate medicine (new government regula- terms, said Susan Moratelli, Boul- Participants tions)” and now are in a position to der community bank president for Peter Braun, first vice president, investments, UBS Financial Services Inc.; Cedric Buchanon, metro cautiously look forward, said Patrick Denver-based ANB Bank, which has Denver city president, BBVA Compass; Kevin Erickson, business banker, Home State Bank; Michael O’Brien, market president of Guar- about $2 billion in assets. Thomas, vice president and commercial banker, First Citizens Bank; Patrick O’Brien, market presi- anty Bank and Trust Co., who man- “Cautious optimism is what we see dent, Guaranty Bank & Trust Co.; Susan Moratelli, Boulder community bank president, ANB Bank; ages branches in Boulder, Broomfield for 2013,” Moratelli said. “We need John Creighton, executive vice president, High Plains Bank; Chris McVay, vice president and Long- and Westminster. Guaranty has about fee income to diversify the shrunken mont manager, High Plains Bank; Kirk Monroe, executive vice president, Vectra Bank. Moderator: $2 billion in assets. In general, bank margins and profitability to keep our Chris Wood, publisher, Boulder County Business Report. business lending has gotten “aggres- stamina going.” sive” again, with the Denver region Two banks represented at the now No. 3 in small-business lending roundtable see 2013 in the region as “Here, decision-makers work CEO Roundtables in the nation behind Austin, Texas, an opportunity to grow in a new mar- directly with customers,” Creighton said. “We want to exploit that and The Boulder County Business Report con- ducts CEO Roundtable discussions monthly capture that piece of the marketplace.” Cautious optimism is what we see for 2013. We need fee to address key issues facing companies and High Plains can underwrite and industries in Boulder and Broomfield counties. income to diversify the shrunken margins and profitability to service mortgage loans in-house, said The CEO Roundtable is conducted in collabo- Chris McVay, who will serve as the ration with sponsors Berg Hill Greenleaf & keep our stamina going. bank’s branch manager in Longmont. Ruscitti LLP and EKS&H PC. The roundtables “Customers with more complex are closed to the public, but the Business Susan Moratelli balance sheets, where we know the Report reports on each roundtable in its print BOULDER COMMUNITY BANK PRESIDENT, customer, that’s been a benefit,” editions. ANB BANK McVay said. Home State Bank is much the same 2013 schedule and Oklahoma City, O’Brien said. ket. High Plains Bank based in Flagler way, said Kevin Erickson, business bank- Jan. 23: Economy, published Feb. 1 Feb. 19: Banking, published March 1 First Citizens Bank also is on a plans to open a branch in Longmont er. Home State Bank hopes to build on March 19: Smart Grid and Alternative Trans- lending kick, said Michael Thomas, in March. Home State Bank, based in its success at a branch in Longmont for portation, publishes March 29 vice president and commercial banker Loveland, plans to open its 11th loca- the past year and a half, Erickson said. April 16: Bioscience, publishes April 26 in Boulder. The bank has about $21 tion in Lafayette at the end of Febru- “Loan customers want a true, May 14: Clean Tech, publishes May 24 billion in assets. ary. High Plains Bank has about $100 locally owned community bank,” June 11: Outdoor and Sports, publishes “We want to grow for the right million in assets; Home State Bank Erickson said. “We’re looking for that June 21 reasons,” Thomas said. “You don’t has about $628 million in assets. growth again.” July: 9: Real Estate and Construction, pub- have uncontrolled growth if you have High Plains Bank hopes to be able George Berg and Tom Merrigan lishes July 19 a conservative approach to the rela- to capture commercial and residential from Berg Hill Greenleaf & Rus- Aug. 20: Health Care, publishes Aug. 30 tionships you want to bring on board.” loan customers not served by other citti hosted the event, along with Jim Sept. 17: Innovation, publishes Sept. 27 Potential loan customers seem to banks, said John Creighton, executive Cowgill and Hy Harris from sponsor Oct. 15: Technology, publishes Oct. 25 Nov. 12: Natural Products, publishes Nov. 22 be savvier about their options these vice president. EKS&H PC in Boulder. Subscribe. Then fly. 1A1A A 3-Year Subscription to the

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released a letter ﬁrmly rejecting the takeover bid. GeoEye’s bid “undervalues the DigitalGlobe nixes takeovercompany in relation to DigitalGlobe’sbid Firm says GeoEye’s $792 million stand-alone business and financial Denver International Airport BY MICHAEL DAVIDSON prospects, and is not in the best [email protected] gambit ‘undervaluesThe the bid was company’ for $17 per share, or interests of the company’s stock- holders,” DigitalGlobe said in a press will do more than get you in the know about LONGMONT — Satellite imag- about $792 million. Inc. (Nasdaq: GEOY), a Herndon, Vir- statement. “In addition, the board ery provider DigitalGlobe Inc. has DigitalGlobe’s board of directors ➤ See DigitalGlobe, 23A ginia-based satellite-imagery company, rejected what the company character- met with its ﬁnancial and legal advis- announced it was making a takeover bid izes as a hostile takeover attempt by a ers that weekend, and on Sunday for DigitalGlobe (NYSE: DGI), which desperate competitor. News of the company’s decision is headquartered in Longmont. Colorado came May 6, two days after GeoEye ranks low Boulder and Broomfield counties. When you CANCER FIGHTERS Exempla Good Samaritan brings treatment closer to home on tracking incentives Cities in Boulder Valley subscribe to the leader in business coverage, do better job than state

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A new national report ranks Colo- rado among the nation’s most lax at tracking whether economic incentives translate into jobs — but municipalities in Boulder and Broomﬁeld counties seem to be bucking the trend. you’ll also receive a Economic development is a high priority for municipalities across the nation — in strong ﬁnancial climates as well as now, when businesses have weathered the recent economic storms. Attracting new business as well as retaining and helping to grow existing ones requires establishing strong relationships between town

MICHAEL MYERS and industry. Businesses may be lured by the Rocky Mountain West’s quality of life, but once they’ve decided See story, 10A. ➤ See Incentives, 15A o Registered nurse Wendy Bogulsky, who is specially trained in infusion chemotherapy, administers medication to a For the Record ...... 17A Yes! I want the 3-year subscription offer patient at Exempla Good Samaritan Medical Center’s new Comprehensive Cancer Center inCONTENTS Lafayette. Awards ...... 19A Manufacturing ...... 8A Health Care Bank Notes ...... 9A Nonproﬁt Network ...... 21A & Wellness BCBRdaily ...... 2A On the Job ...... 20A Exempla’s Business Digest ...... 19A Product Update...... 21A Serving Boulder & Broomﬁeld Counties cancer care ...... 10A Visit bcbr.com for breaking news Calendar ...... 20A Publisher’s Notebook .26A Editorial ...... 26A Real Estate ...... 24A Eye ...... 3A

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Card Type Card# Exp. Three years = 78 issues Name on Card Signature subscription rate $129.97 8A | March 1-14, 2013 Boulder County Business Report | www.bcbr.com Health reform prescribes doctors’ disclosures ave you ever wondered if details of other federal health-care back. A Small Business Tax Credit from other women. your doctor has received reform rules that will go into effect Calculator to help you get a better (You probably want the same thing Hmoney or gifts from drug on Jan. 1: idea of how it will work is online if you’re a man, actually, but the Hol- or medical device manufacturers? Individuals must buy health insur- at http://www.getcoveredco.org/ lywood, Florida-based ranking firm By March, 31, 2014, you’ll have the ance and companies with 50 or more Resources/Small-Businesses. focuses only on what women want.) chance to find out. full-time employees must provide Based on those criteria and others, Starting in August, doctors will health insurance or face tax penalties Learn more at event Avista Adventist Hospital in Louisville be required to disclose informa- starting then. Area chambers of commerce have and Exempla Good Samaritan Medical tion about payments or gifts they If you don’t have health insurance been offering educational forums to Center in Lafayette were named among receive in connection with drugs, coverage, you’ll help small-business owners under- the Top 100 Hospitals for Patient Expe- devices and supplies covered by be taxed $95 per stand what’s required. rience in the company’s most recent Medicare, Medicaid and Children’s adult and $47.50 The Broomfield Chamber of national survey. Health Insurance. The information is per child in Commerce is putting on such an Both John Sackett, chief executive being gathered as part of the federal 2014. Penalties event at 7:30 a.m. Friday, March 8. at Avista, and Dave Hamm, chief health-care reform rules going into increase in 2015 The half-day forum will be held at executive at Exempla Good Sam, effect next year. and 2016. Exempla Good Samaritan Medi- commented on the rankings. The idea is to create more trans- If you’re a cal Center, 200 Exempla Circle in “Our team insists on paying atten- parency in health-care markets, business with Lafayette. Chamber president Jen- tion to the little things that make a according to the Centers for Medi- MEDICAL FILE more than 25 nifer Kerr encourages you to attend big difference and make our patients care and Medicaid Services, which is Beth Potter employees, you — and it’s free! feel safe and comfortable,” Sackett collecting the information. must provide Broomfield Chamber members said. Doctors also will need to publicly health insurance plans to 95 percent started talking about health-care For Exempla, patients and families disclose any ownership or investment of full-time employees at an “afford- reform last year, but had to wait until are at the center of all the hospital interests they have in medical manu- able” price. Health insurance must the presidential election in Novem- does, Hamm said. facturers and group purchasing orga- cost no more than 9.5 percent of an ber to find out if it was going full “To have the seal of approval of nizations, according to the Centers for employee’s stated W-2 tax earnings speed ahead or not, Kerr said. women lets us know they value the Medicare and Medicaid Services. to be considered affordable. The Broomfield Business experience they receive while in our Federal health-care reform changes Before your eyes glaze over from Resource Center and the North care,” Hamm said. are happening so fast these days that taking in so much new information, Metro Small Business Development The rankings were made using about half of all doctors surveyed here’s the “carrot” part of the program. Center in Westminster are partners national survey information from recently had not heard about new Individuals and small businesses in the event, Kerr said. the U.S. Department of Health reporting procedures and did not real- will receive tax credits to sign up for and Human Services, along with a ize such information would be made health insurance through an online Kudos for patient experience proprietary scoring process used by public. MMIS Inc. did the doctor sur- program. An estimated 70,000 Colo- What do you really want when WomenCertified. A customer satis- vey. The Portsmouth, New Hampshire, rado small businesses will be eligible you go to the hospital? faction survey done by the Wharton firm makes software that can help with for tax credits. If you’re a woman, the national School of the University of Pennsyl- such reporting requirements. If employers contribute at least 50 firm WomenCertified says your top vania also was used. percent of the money toward their requests are good communication, More details of reform employees’ health insurance premi- responsiveness of nurses and support Beth Potter can be reached at 303- While we’re at it, here are a few ums, they’ll be eligible to get money staff, cleanliness and trusted referrals 630-1944 or [email protected].

Inductee Induction Luncheon and Alumni April 24 Reception (open only to inductees, alumni and sponsors) March 20, 2013

Induction Luncheon April 24, 2013 — 11:30-1:30 p.m. Best Western Plus Plaza Hotel & Conference Center 1850 Industrial Circle, Longmont, CO 80501 The Boulder County Business Hall of Fame The Boulder County Business Hall of Fame is a non-

recognizes outstanding business leaders prot corporation, with all proceeds supporting 1 Hall of Fame from the present and past. Inductees hon- the Hall of Fame and its programs. Every year, the 1B - HOF ored have been instrumental, through busi- Hall of Fame donates scholarships to deserving 1A1A 16th Annual Boulder County Business 20th Annual Boulder County Business HALL of FAME´´´´ ness-related e orts, in providing direction, students at the University of Colorado Leeds April 27 - May 10, 2012 HALL SECTION B ME17th Annual Boulder County Business energy and support to the shaping of Boul- School of Business. In 2012, four scholarships ´´´´ of FA HALL of FAME der County since its inception. totaling $10,000 were presented. Class of 2012

B. Scot Smith Class of 2008 Top row: Joan Brett and David Wyatt. Second row: Harlow C. Platts, John Fenstermaker, Peter D. Behrendt. Charles “Chuck” Sisk Third row: Edwin Kanemoto.

Gene Caranci

Class of 2009 Top row: Jeff Schott, Jerry LewisLew and is and Richard Herring. Second row: Lou DellaCava, Jay Elowsky, William Boettcher. April 25 - May 8, 2008 COURTESY THE CAMERA Third row: Jerry Lee. SECTION B Contact Chris Wood at 303-630-1942 or

MayEric 1 Wallace- 14, 2009 SECTION B

[email protected] for sponsorship information. 100 C 50 M 100 K Nathan Thompson

Diane Stow

100 C 50 M 100 K March 1-14, 2013 | 9A BOULDER COUNTY BUSINESS REPORT WWW.BCBR.COM 10A | Economic-Development ECONOMIC DEVELOPMENT Organizations Longmont stresses streamlined services

BY MICHAEL DAVIDSON Dom i ng uez In short, busi- been willing to work with us on any [email protected] praised the work nesses want to issue,” Cody said. of the city’s build or move Longmont’s major employers have LONGMONT — The city of existing eco- now, after years long had a good partnership with the Longmont’s top executive wants “the nomic develop- of waiting. That city government, but that has not city to work at the pace of business,” ment team and could create a necessarily been the case for all Long- but he and business leaders in Long- said it has a con- burst of activity mont businesses, Cody said. mont acknowledge the city’s business tinual focus on that’s packed into The LAEC represents primary vitality efforts are pretty fast already. improvement. a short window employers, which are companies that City manager Harold Dominguez One area on Dominguez Cody as the economy sell the majority of their goods and met members of the Longmont Area which he would processes the services outside the Longmont and Economic Council during its February like to keep the focus is speed. backlog. Cities with streamlined pro- Boulder County area. Amgen Inc., meeting. Dominguez is in his first year In the interview, Dominguez dis- cesses and little red tape could win big DigitalGlobe Inc. and Seagate Tech- on the job, and said his visit and remarks cussed what he’s learned as a city if they’re ready. Others could miss out nology LLC are prominent examples. were a way to continue his outreach. official watching businesses and cities if the window closes. Cities pay a lot of attention to those “The intent of the discussion was trying to survive tough times. Before “It does in some ways create a sense types of companies, but there are to talk about how we are going to coming to Longmont, he was city of urgency,” Dominguez said. far more small businesses, especially work with each other and how we manager of San Angelo, Texas, since Dominguez’s views align well with retail shops, in any community, Cody see the general relationship going 2004. those of the LAEC and its members, said. Their voices aren’t always heard, forward,” Dominguez said in an inter- The Great Recession and slow said John Cody, its president and chief and Longmont did not offer them view after the meeting. recovery made businesses wary of executive. Members liked Domin- much help until a few years ago. City policies and regulations can expanding into new markets, relo- guez’s presentation, Cody said. “I Then the city improved its small- have major impacts on businesses cating or adding facilities. Domin- think it was received very positively.” business development programs, and and economic growth, and businesses guez believes businesses only now The LAEC and Longmont’s eco- the Longmont Area Chamber of need to know they can communicate are regaining enough confidence to nomic development department have Commerce helped launch the Small with the city, Dominguez said. expand. He thinks Longmont remains worked together to create business Business Development Center. “When you look at the city govern- very attractive, and that the city has incentive plans and partnered on “At the time, there was little or no ment as a whole, everything we do has a window in which it could land new retention visits, he said. support for small retail businesses,” some impact on economic develop- businesses if government and business “We already have a strong working Cody said. “That component is very ment,” he said. leaders can move fast enough. relationship with the city. They have ➤ See Longmont, 11A

BROOMFIELD from 1A

Communications Inc. (NYSE: LVLT) investor, but the BEDC, with a focus to locate in the city. It’s not a done on serving the private sector, will have But the BEDC’s role in Broomfield to work hard to find corporate support. has changed significantly over the past deal by any means. “The biggest challenge is always three years, as the city government fundraising,” Martinez said. — once the BEDC’s primary finan- This is an evolving Clark said it can take more than cial supporter — has created its own process that we have $1 million annually to run a good economic development department sub-regional group, which typically and cut funding to the organization. to build support for. needs a staff of four or five people and So now the BEDC is looking has to spend a lot on marketing and beyond Broomfield’s borders, fol- Mike Kosdrosky travel. The Metro Denver EDC has lowing a Feb. 21 board meeting at EXECUTIVE DIRECTOR, 10 staff members and a $3.2 million which its directors approved a plan BROOMFIELD ECONOMIC budget, which both are comparatively to pursue a regional strategy. The new DEVELOPMENT CORP. small for organizations of its scope, organization also would be focused on according to Clark. A small agency is representing its corporate investors. only possible because of its affiliation The new regional organization ers also want to work with other eco- Kosdrosky began in January as the with the Denver Metro Chamber of with a new name and members could nomic development agencies to form BEDC’s new executive director after Commerce, he said. be formed within nine months, said mutually beneficial partnerships. working with the organization as a So far, officials in both local private BEDC executive director Mike Kos- Competition between cities or consultant. He is the third person to economic development organizations drosky. The organization would likely states seeking to attract large busi- lead the BEDC since 2010. and on city staffs are willing to learn leave Broomfield for what Kosdrosky nesses can be nasty, although cities BEDC directors decided to move more about what the BEDC has in called “a neutral location.” and organizations in the Denver-area forward after a feasibility study by mind. They also made it clear that Nine months is the best-case sce- have agreed to play fair, Metro Denver R&M Resource Development, a Den- getting the details right will be crucial, nario, said Kosdrosky, adding that a Economic Development Corp. chief ver-based economic development but many feel the concept has merit. year is more likely. He also acknowl- executive Tom Clark said. consultant. Clark said the Broomfield group edged the effort might not work out if Kosdrosky said it will be necessary “The consensus was this is long approached him about four or five the organization could not find inves- to form strong partnerships with busi- overdue,” Kosdrosky said. months ago to discuss the idea and tors or local partners. nesses, city governments and private The city of Broomfield is onboard get his input. “It’s not a done deal by any means. groups such as the Boulder Economic with the idea, according to Bo Marti- The Metro Denver EDC is the This is an evolving process that we have Council for the idea to work. Sup- nez, the city government’s economic Denver-based organization that to build support for,” Kosdrosky said. porters of the new organization do not development director. promotes the area to national and The effort will take a lot of leg- see themselves as competitors. “At the end of the day,” Martinez international audiences. It is privately work, especially as the organization “We’re not trying to run roughshod said, “we’re going to support the orga- financed and has more than 70 part- tries to recruit enough members to over anyone or step onto their turf,” nization in whatever they decide.” ners along the Front Range. give it the finances to start up. Its lead- he said. The city plans on remaining an ➤ See Broomfield, 11A 10A | March 1-14, 2013 ECONOMIC-DEVELOPMENTBoulder County Business Report | www.bcbr.com BUSINESS REPORT ECONOMIC-DEVELOPMENTORGANIZATIONS ORGANIZATIONS LIST (Organizations in Boulder and Broomfield counties ranked by operating budget.) (Organizations in Boulder and Broomfield counties ranked by operating budget.)

Operating budget Public funding Phone received Fax Percent public Person in charge RANK Organization Website financing Services Year founded CITY OF BOULDER ECONOMIC VITALITY 303-441-3287 $735,440 Provides incentives for expansion and retention of businesses, flexible Liz Hanson PROGRAM 303-441-4241 $735,440 rebate program, microloan program, sponsorships to support economic economic vitality coordinator 1 1300 Canyon Blvd. www.bouldercolorado.gov/business 100% vitality, web business portal for business startups and growing 2006 Boulder, CO 80302 businesses: referral to city departments and other resources. LONGMONT AREA ECONOMIC COUNCIL 303-651-0128 $426,500 Primary employers expansion and relocation assistance; economic John Cody 528 Main St. 303-682-5446 55% services for Longmont area. CEO, president 2 Longmont, CO 80501 www.longmont.org 1981 BOULDER ECONOMIC COUNCIL 303-786-7567 $400,000 Actively works to grow and maintain business in Boulder; Provides Clif Harald 2440 Pearl St. 303-938-8837 $112,000 economic and market data; Convenes stakeholders to address and executive director 3 Boulder, CO 80302 www.boulderbusiness.org 28% respond to issues impacting economy; Participates in regional and 1997 statewide economic initiatives. BOULDER SMALL BUSINESS 303-442-1475 $280,000 Specialized business consulting; Ready-to-use workshops - basics and Sharon King DEVELOPMENT CENTER 303-938-8837 advanced topics; Colorado Emerging Ventures program; FastTrac executive director 4 2440 Pearl St. www.bouldersbdc.com GrowthVenture business planning series for existing ventures; Leading 1994 Boulder, CO 80302 Edge Entrepreneurship series for startups and new business; connection to resources including capital sources; contract opportunities and export assistance. INNOVATION CENTER OF THE ROCKIES 303-444-2111 $250,000 The ICR is a non-profit business accelerator concentrating on job Tim Bour 1155 Canyon Blvd., Suite 400 303-444-3111 creation based on technology emerging from Colorado Research executive director 5 Boulder, CO 80302-5414 www.innovationcenteroftherockies.com Universities and supporting established early stage companies. 2005 WOMEN'S BUSINESS DEVELOPMENT 720-233-5426 $165,000 Through targeted programs, the WBDC serves the entrepreneurial Candy A. Campbell CENTER www.cowbdc.org community by providing business support, education, advisory boards, director 6 415 Coffman St., Suite 2 networking, angel and equity presentations, leadership and advocacy. 2009 Longmont, CO 80501 CITY OF LOUISVILLE BUSINESS 303-335-4531 $155,000 Encourages businesses to expand and relocate in Louisville with the Aaron DeJong ASSISTANCE PROGRAM 303-335-4550 goal of retaining/creating jobs and increasing sales-tax revenue. economic development 7 749 Main St. www.louisvillecolorado.biz director Louisville, CO 80027 2007 LAFAYETTE CHAMBER OF COMMERCE 303-666-9555 $150,000 Business directory, golf tournament, networking events, group Vicki Trumbo 1290 S. Public Road 303-666-4392 leadership, relocation packets and economic development. Annual executive director 8 Lafayette, CO 80026 www.lafayettecolorado.com events include Lafayette Quaker Oatmeal Festival, Wine, Women & 1954 Chocolate, July 4th Celebration, Peach Festival. LONGMONT ENTREPRENEURIAL NETWORK 303-678-8000 $150,000 Business consultation for startup high-tech companies. Alex Sammoury 2400 Trade Centre Ave. www.leninc.com $0 director 9 Longmont, CO 80503 0% 1989 TOWN OF LYONS ECONOMIC 303-823-6622 $115,806 Jacquelyn Watson DEVELOPMENT DEPARTMENT 303-823-8257 economic development and 10 432 Fifth Ave. townoflyons.com community relations Lyons, CO 80540 manager 2009 TOWN OF SUPERIOR 303-499-3675 $65,000 Beth Moyski 124 E. Coal Creek Drive www.superiorcolorado.gov assistant town manager 11 Superior, CO 80027 LYONS ECONOMIC GARDENING GROUP 303-823-5215 $1,500 Develops the local economy by working with existing local businesses in John E. O'Brien 443 Main St. www.lyons-colorado.com/legg an effort to help them meet their business goals and increase the chairman 12 Lyons, CO 80540 number of jobs in the Lyons area. 2008 BROOMFIELD ECONOMIC DEVELOPMENT 303-469-7645 N/A Provides economic, demographic and real estate data; markets Mike Kodrosky CORP. 303-469-9183 available office, industrial and retail space; and provides job executive director 13 P.O. Box 6681 www.broomfieldedc.com opportunities. 1986 Broomfield, CO 80021 CITY AND COUNTY OF BROOMFIELD 303-438-6300 N/A Promote the economic vitality of the City and County of Broomfield Bo Martinez One DesCombes Drive 303-438-6296 through creating and preserving jobs, supporting business growth and director of economic 14 Broomfield, CO 80020 www.broomfield.org enhancing our revenue base. development 2010 CITY OF LAFAYETTE 303-665-5588 N/A Economic development. Phillip Patterson 1290 S. Public Road 303-665-2153 community development 15 Lafayette, CO 80026 www.cityoflafayette.com director 1878 CITY OF LONGMONT DEPT. OF ECONOMIC 303-651-8330 N/A Coordinates development services, planning, redevelopment, economic Brad Power DEVELOPMENT www.ci.longmont.co.us development and municipal airport functions. director 16 385 Kimbark St. Longmont, CO 80501 ERIE ECONOMIC DEVELOPMENT COUNCIL 720-259-1375 N/A Interest group providing relocation information, commercial/industrial Randy Kneebone 149 S. Briggs St., Suite 102-E 303-828-3330 property information, resource to the community. chairman 17 Erie, CO 80516 www.erieeedc.org 2003 SUPERIOR CHAMBER OF COMMERCE 303-554-0789 N/A Networking opportunities, educational seminars, specialty business Heather Cracraft 124 E. Coal Creek Drive 303-499-1340 groups, community events, outreach to homeowners and more. executive director 18 Superior, CO 80027 www.superiorchamber.com 1998 TOWN OF ERIE 303-926-2769 N/A Site and development process assistance, incentives, business Paula Mehle 645 Holbrook St. 303-926-2706 resources for businesses of all sizes. economic development 19 Erie, CO 80516 www.erieco.gov coordinator 1874 TOWN OF NEDERLAND 303 258-3266 N/A Eva Forberger 45 W. First St. 303 258-1240 treasurer 20 Nederland, CO 80466 www.nederlandco.org Researched by Mariah Gant N/A: Not available. Source: Business Report Survey Boulder County Business Report | www.bcbr.com March 1-14, 2013 | 11A

BROOMFIELD from 9A

Clark said the Metro Denver EDC locals do. City-based groups, whether community is getting favored over panies, while Broomfield has the Inter- is “agnostic” about whether neighbor- they are governmental bodies or pub- another,” he said. “There needs to be locken and North Park business parks ing cities in its area decide to form lic-private partnerships, are much bet- trust that everyone gets a fair shot.” which are candidates for new corpo- what he calls “sub-regional” groups. ter suited to dealing with issues such as The concerns cities have about their rate campuses or office buildings. There are several in the area, includ- regulations and incentives. City groups neighbors poaching businesses has his- Boulder Economic Council execu- ing ones in Jefferson and Adams also handle “the real grunt work of toric justification, Clark said. Cities and tive director Clif Harald said the new counties, which presumably would economic development” such as mak- economic development groups often group would have to show it could border the new organization. ing sure the public works department engaged in “tawdry” practices to land provide something the Metro Denver The Denver metropolitan area’s installs the traffic light outside a new major factories or corporate offices. EDC doesn’t. The BEC is a member northwest quadrant is the only one campus on time, he said. Economic developers have devel- of the Metro Denver EDC and thinks without a sub-regional group, and Sub-regional groups tend to be pri- oped standards to limit unethical con- it does a great job of representing the there are ways it could benefit busi- vately funded and appeal to compa- duct. Members of the Metro Denver region and encouraging members to nesses in an area that the Metro Den- nies whose interests expand beyond EDC must agree to a code of ethics collaborate, he said. ver EDC and the city-based groups do municipal borders. They also can take that precludes them from poaching Longmont Area Economic Council not, Clark said. stands about candidates and policy businesses from other members, Clark president and CEO John Cody said The Metro Denver EDC works on issues that would be inappropriate for said. It keeps members in line, but the new organization’s impact on his major efforts that benefit the entire a publicly supported group, Clark said. they do lobby for more attention and city could be “very little or none.” region, such as when a corporation is Clark’s recommendation to the complain they’re getting overlooked. Cody said his understanding is that comparing cities around the nation BEDC was that it start with a thor- However, Clark said, if everyone’s it is focused on communities along when picking the site for a new campus. ough feasibility study conducted by a worried, then no one is getting an U.S. 36. He said he met with R&M It also helps promote major industry respected consultant. He also suggest- unfair edge. “If I have all my partners for its study. clusters, such as aerospace and clean ed its efforts be “highly transparent, pissed off at me at some time,” he said, “We don’t consider ourselves part tech, and was a major player in the so they didn’t create a lot of paranoia “I must be an honest guy.” of the corridor,” he said. effort to persuade United Airlines to from the cities up there.” Local communities also have very Cody said a new organization create a nonstop route between Denver Getting communities to buy into different policies and philosophies could try to raise funds from LAEC International Airport and Japan. the new organization and trust it is a about growth, and differences need members, and that could lead to ten- Clark said the regional perspective must, Louisville economic develop- to be accommodated, DeJong said. sion between the groups. means his organization doesn’t know ment director Aaron DeJong said. For example, Boulder emphasizes “We would not view that necessar- individual communities as well as “There’s always that fear that one retaining existing and growing com- ily as friendly behavior,” he said.

LONGMONT from 9A robust now.” economic development director Brad Leaders from the LAEC, cham- OTHER CITY INITIATIVES INCLUDE CREATING Power said. ber of commerce and the city eco- a consolidated economic development department that Businesses “really don’t care which nomic development staff also started department an employee is in. They’re meeting regularly to discuss business- |combines the offices of development services, economic just interested in getting their service related issues, chamber president and and getting on their way,” Power said. CEO Kathy Weber-Harding said. vitality, planning services and redevelopment and urban “That was the first step to get a ‘one- “It’s been very good for us to hear renewal. They work in the same office, and it makes it stop’ shop together.” about any issues that might come up,” With the support of the city coun- she said. easier to work with the city. cil, Longmont also has streamlined Other city initiatives include creat- the public improvement review pro- ing a consolidated economic develop- cess and made it easier for developers ment department that combines the nomic vitality, planning services and They work in the same office, and it to receive incentive packages to offset offices of development services, eco- redevelopment and urban renewal. makes it easier to work with the city, the cost of infrastructure.

HANDS from 3A thinking I’d get into business,” he ees such as Tony Ascinar, who has precision almost immediately; he’s in Utah. said. Later he joined forces with been at TRS for almost 28 years. been clocked at a 50-mph hardball On another occasion, TRS took a University of Colorado assistant “We like to provide the best pitch. a call from an Olympic-class power professor, and the two used their service we possibly can ... and build “It was great,” Ascinar said. “His lifter. “He was bench pressing such houses as collateral to secure a every hand like it’s going to be eyes got really wide, and he said he a titanic amount of weight using $150,000 federal small-business ours,” said Ascinar, TRS vice presi- hadn’t been able to do that for 40 another one of our devices that loan targeted toward handicap assis- dent for manufacturing. Ascinar years.” the bar would slip from his grip,” tance. They paid the 15-year loan oversees production and quality The Cobra is a one-of-a-kind, Ascinar said. TRS went to work, back in eight years, Radocy said. control, among other things. He amputee-inspired device, and living and the athlete set a world record Since then, TRS has sourced a loves the work, he said, which is as an amputee made Radocy a bet- using the new device, the Black small amount of venture capital often driven by Radocy’s hunt for ter prosthetic designer. Iron Master. when needed. Currently TRS is innovation. “I have, say, a clearer understand- All TRS prosthetics are body a C corporation with Radocy as “Bob will come up with new ing of how to solve a problem, and powered rather than electric, Asci- primary holder and a small group ideas all the time, and he’ll get so that’s been a useful and successful nar said, making them durable and of additional shareholders. Radocy excited about them,” Ascinar said. formula” because it cuts down on less susceptible to damage. None of expects TRS to gross more than $1 One example is the company’s design time, Radocy said. the devices costs more than $2,000, million this year. new device called the Cobra, an In addition to dozens of prosthet- a portion of which typically is paid “All of us need success stories, attachable tool for throwing a ic sports attachments, 40 percent by insurance and only a fraction of and here’s a guy that just refused baseball. Before Radocy lost his of the company’s business comes the cost of a biomechanical pros- to fail,” said Russ Brown, a retired left hand, he was an avid baseball from prosthetic crawling devices for thetic. It’s the impact on customers’ prosthetist who worked to fit Rado- player and a lefty. One difficult infants born without hands or feet. lives that motivates Radocy and his cy soon after his amputation and has adjustment to life as an amputee The company also makes special- staff more than the financial gain, watched TRS grow from a personal was his inability to throw as he ized attachments for individuals all though. project to the success it is today. used to, Radocy said. After fiddling over the world, such as well-known “As you can imagine, it’s very Slow, steady growth coupled with Cobra prototypes, Radocy and amputee and Boulder resident Aron rewarding when people call us up with Radocy’s exceptional custom- Ascinar hit the parking lot for a test Ralston, who made headlines after and say thanks for helping,” he said. er-service philosophy has helped run. The device allowed Radocy to self-amputating one arm after a “The product that I used changed capture success and retain employ- throw left-handed with speed and climbing accident in a slot canyon my life.” 12A | March 1-14, 2013 Boulder County Business Report | www.bcbr.com Energy advisers: Annexation not needed for utility BY MICHAEL DAVIDSON studies conducted by city staff and dispute is over whether Boulder the council that they not consider [email protected] its legal and engineering advisers. would annex parts of Gunbarrel annexation as a part of the energy They were signed by Heather Bai- and Niwot. Xcel Energy also has future project,” Bailey wrote. BOULDER — The owners of ley, the city’s executive director of made clear it does not want to sell its “For technical and efficiency 5,700 homes and businesses out- energy strategy and electric utility Boulder assets, which would mean reasons, however, I will be rec- side Boulder’s city limits will not development. Boulder would have to take them ommending that the city seek to become Boulder residents if the city In November 2011, voters nar- through eminent domain litigation. acquire all six of the electrical forms a municipal utility, but they rowly gave Boulder City Council the The city’s engineers and lawyers substations currently serving the would become the utility’s custom- authority to create a municipal util- have determined Boulder would city. … This means that a city-run ers if a service plan being considered ity if it could offer power as reliably not have to annex land outside its utility, if created, would provide by the city comes to fruition. and safely as current provider Xcel current borders in order to create electrical service to all residences That is the takeaway message from Energy Inc. Other conditions require a “technically optimal” utility, the and businesses served by these sub- letters the city sent Feb. 14 to resi- rates to be cheaper, carbon emissions letters state. stations, including those that are dents and property owners in unin- to be reduced and more energy to be However, they do believe Boul- outside of city limits,” she wrote. corporated Boulder County who are obtained from renewable sources. der would require two electrical The decisions about what was near the city’s borders. The unincor- Since then, city staff and out- substations that are outside city or was not needed were driven porated communities of Gunbarrel side advisers, including planners, limits to create the utility. Those by technical considerations, city and Niwot would be most affected, as engineers and lawyers, have been substations serve both residents of spokeswoman Sarah Huntley said. the eastern border of the service area studying to see if a utility is feasible. Boulder and many people and busi- If the city utility did not include the would be along 75th Street. The process has been highly nesses outside city limits. substations, it would have to build The letters were the result of controversial, and one source of “I will be recommending to very costly replacements.

UTILITY from 1A as the major concerns being voiced by Report details options for municipal utility large companies. Ball Aerospace & Technologies BY MICHAEL DAVIDSON utility that currently owns and could be subject to change. Corp. is based in Boulder and has [email protected] operates the Boulder-area elec- The rate-parity estimate tries satellite assembly and testing facilities tric system. The company has to account for one of the major in the city. Ball’s operations require BOULDER — What could made clear it does not want to sell unknowns in the municipaliza- a lot of power, and a loss of power Boulder’s municipal electric util- the system, which would require tion debate: exactly how much could damage equipment that is being ity do and not do – and at approxi- Boulder to take it via eminent it would cost Boulder to acquire tested or built. mately what cost? domain. Xcel’s assets if the parties went Ball has been watching the debate Those were some of the most Three of the five hypothetical to court. and reviewed the recent report, important questions Boulder’s paths taken by the municipal util- The cost estimate has two ele- according to an emailed statement energy staff, hired consultants and ity would meet those five requirements. One is what a state court from Ball Aerospace spokeswoman community volunteers spent the ments from “day one,” according would find Boulder would have Roz Brown. past few months trying to answer. to the team. One would be a to pay Xcel as fair compensation “Ball is following the electric-util- Their findings were released Feb. “phase out” option, under which for its assets. An Xcel consultant ity municipalization issue closely. 21 in a report for the city council. the city envisions purchasing has put that price at $150 million, As one of the larger energy users The group first was trying to power from Xcel for five years. according to the report. The city’s in Boulder, we are concerned how answer a more pivotal question: Is It presumes the power would be assumptions use that number, municipalization could impact our there any way Boulder could create generated from Xcel’s current although the court could come in costs. Additionally, we have unique a utility that would meet its energy “mix” of coal, natural gas and with a lower or higher valuation. reliability needs. Based on what we’ve objectives and requirements estab- renewable energy, which the state The second piece is what the read in the staff report so far, we lished in the city charter? requires to be 30 percent of Xcel’s Federal Energy Regulatory Com- agree that the municipalization seems To meet the requirements, a supply. After five years, Boulder mission would find Boulder owed possible, but we’re still waiting to be utility would have to be as reliable would be able to get power from Xcel for “stranded costs.” The convinced that the gains outweigh the as current owner-operator Xcel other energy providers. payment to Xcel would help the risks,” the statement said. Energy Inc., offer rate parity given The “low cost” and “low cost, company recover money it lost The University of Colorado-Boul- certain assumptions about future no coal” options also would make because of upgrades it made to the der also has watched developments legal and regulatory rulings, cover the cut. Both options found that a Boulder-area system that were closely. CU Boulder officials have met debt payments, reduce green- utility could exceed its standards based on the assumption it would with the city and discussed what’s house gas emissions and increase while keeping generation costs as still own it and collect revenue going on, said Frances Draper, vice the use of renewable energy. low as possible and still exceed from it. chancellor for strategic relations. The report’s answer is yes, the city’s greenhouse-gas emis- The stranded cost figure could A concrete proposal could be years assuming the methods and mod- sions reduction goals. be between $0 and $255 million, away, she said, so the university has els the team used are correct. The “low cost” option would which is based on a number pro- not taken a position on whether or not That’s a big assumption that could draw 25 percent of its power vided by Xcel Energy. Boulder should form a utility. draw a high level of scrutiny in the from coal at the start, while the Under what Boulder calls its “There are a lot of people working next few months. “low cost, no coal” option would “best-case” scenario, it would owe on it. I don’t think we’ll know what The report compares a hypo- not utilize coal at all. The city nothing for stranded costs and pay it looks like for a long time to come,” thetical utility that could focus assumed Xcel will draw 50 per- $150 million in acquisition costs. Draper said. on five different sets of goals and cent of its power from coal in Under that scenario, the “phase CU and Boulder share a commit- a projection of what Xcel could 2017. out,” “low cost” and “low cost, no ment to energy efficiency and sus- offer Boulder. The comparison Utilities that put the priority on coal” options would have an 80 tainability, but the university can’t is designed to cover a 20-year reducing greenhouse gases as soon percent likelihood of meeting the risk losing power, so reliability is the period. The time frame starts as possible without requirements rate parity goal. first concern, she said. The campus in 2017, which is presumed to for low generation costs would Under the worst-case scenario, essentially is a city within the city, be the soonest a utility could be not be able to meet the rate-parity in which Boulder would owe Xcel providing housing for thousands of launched given the extensive requirement, the city found. all $405 million it is asking for, students. As at Ball, CU researchers technical, operational and legal A couple major assumptions only the “phase out” option would conduct experiments that would not work needed to be done. are behind the city’s findings, have a 50 percent likelihood of be able to survive a loss of electricity. Xcel is the investor-owned which the city acknowledges meeting the cost goal. “We could lose years worth of ➤ See Utility, 19A March 1-14, 2013 | 13A BOULDER COUNTY BUSINESS REPORT WWW.BCBR.COM 14A | Aircraft Companies AVIATION ‘Gas wars’ fuel airports’ business Price competition pumping life into aviation in area

BY BETH POTTER [email protected]

BROOMFIELD — Airports in the region are expected to see current “gas wars” continue. Lower gas prices for twin-engine planes help folks such as Howard MClure in Broomfield. He says competition between airports for gas customers has helped Western Air Flight Academy Inc. maneuver into the black. McClure is president of the flight school located at Rocky Mountain Metropolitan Airport in Broomfield. Self-serve fuel for the training airplanes that Western uses cost $5.45 per gallon on Feb. 25. The smallest planes at Western use about seven gallons of gas per hour, McClure JONATHAN CASTNER said. The school’s profit margins are Brian Pickerell of Air West Flight Center Inc. fuels an aircraft at Vance Brand Municipal Airport in Longmont. so thin that McClure believes he’ll make a small profit this year from factoring in the lower gas prices after Kenny Maenpa, airport manager. these days to spend the day or the profits for flight schools such as losing money last year. Workers at Denver AirCenter weekend, or to sightsee and have Journeys Aviation Inc., said Tracey “It’s been a very big boon to us,” check regularly with other airports breakfast, Williams said. Spence, current owner of Journeys. McClure said. “When the prices in the region to try to make sure Some pilots like to joke that In response, Journeys moved its vary, we kind of eat it. We’ve seen a they have the lowest prices, said Lee they’re willing to spend $100 on flight operation to Boulder Munici- little higher profit recently.” Williams, a spokeswoman. gas to fly to a nearby airport and pal Airport, where Spence bid for Denver AirCenter owns the new The competitive strategy seems have breakfast on a weekend day, and won the airport fuel sale con- self-serve fuel tanks. The private to be working, Williams said. Gen- for example, Williams said. tract. flight school company dropped its eral aviation traffic to the airport is “We’re not like Santa Fe, but Spence said the recent gas price prices by as much as $1 per gal- up, as are visits to two restaurants we’ve definitely seen an increase in competition with Rocky Mountain lon after installing the tanks last there, she said. While exact air traf- tourism,” Williams said. has kept him on his toes. He said summer. Airport officials kicked in fic figures are not available for the Before the self-serve pumps went he tries to stay “on the low end” of $30,000 — or about half the total last six months, more pilots seem in at Rocky Mountain Metropoli- per-gallon fuel prices in the region. cost — to help buy the tanks, said to be making a stop in Broomfield tan Airport, high fuel prices hurt ➤ See Fuel,15A

Federal, state funds target area airport safety upgrades BY BETH POTTER Airport personnel plan to relo- [email protected] cate the intersection of Colorado Highway 128 and Interlocken LONGMONT — It’s all Boulevard this year to create 400 about safety when it comes to more feet of runway safety area the approximately $21 million and come into compliance with airports in Broomfield, Erie and Federal Aviation Administration Longmont will receive this year in guidelines, Maenpa said. After federal and state funding. working on the project since For example, Rocky Mountain 2006, the airport received funds Metropolitan Airport in Broomfield from the Federal Aviation Admin- MICHAEL MYERS is to receive more than $19 mil- istration this year. Jason Hurd, owner of Vector Air Management LLC, the private company in lion in federal funds to build a dirt Creating the safety area and a charge of running Erie Municipal Airport, is looking ahead to a master-plan runway safety-area expansion, said corresponding dirt taxiway run- update that will govern the airport’s operations for the next 20 years. Kenny Maenpa, airport manager. ➤ See Safety, 14A 14A | March 1-14, 2013 Boulder County Business Report | www.bcbr.com BUSINESS AIRCRAFT COMPANIES: CHARTER, LEASING REPORT LIST AIRCRAFT COMPANIES: CHARTER, LEASING AND FLIGHTFLIGHT SCHOOLSSCHOOLS (Ranked by number of aircraft in Boulder and Broomfield counties.) (Ranked by number of aircraft in Boulder and Broomfield counties.)

No. of aircraft Person in charge RANK Company Type of aircraft Products/Services Website MCAIR AVIATION LLC 16 Cessna pilot-training center. Certified FAA testing center. John Wiltsang, owner 11945 Airport Way Cessna 172 Gary Hulme, owner 1 Broomfield, CO 80021 www.mcairaviation.com 303-466-8730/303-466-8737 MOUNTAIN AVIATION INC. 15 Heavy jet, medium jet, light jet, turbo prop. Complete aircraft management services including Rich Bjelkevig, CEO 9656 Metro Airport Ave. KIng Air, Citation Jet and Gulfstream professional pilot crews, air charter and maintenance. Light- and medium-size business jets and www.mountainaviation.com 2 Broomfield, CO 80021-2512 turboprop 303-466-3506/303-466-3549 J. MESINGER CORPORATE JET SALES INC. 10 Corporate aircraft brokerage, including sales, acquisition and consulting. Jay Mesinger, CEO, president 3025 47th St., Suite D2 Business Jets Josh Mesinger, vice president 3 Boulder, CO 80301 www.jetsales.com 303-444-6766/303-444-6866 MILE HIGH GLIDING 10 Sail plane rides with FAA-certified pilots. Lesson packages available. Dave Campbell, owner 5534 Independence Road Sailplanes and trainers: Schweitzer, www.milehighgliding.com 4 Boulder, CO 80301 Grob, Duo-Discus; Tow Planes; Pawnee; 303-527-1122 Super Club JOURNEYS AVIATION BOULDER LLC 7 An FBO with a flight training center and aircraft rental service. Hangar and tie down space Tracey Spence, manager, owner 3335 Airport Road, Suite A Single- and multiengine aircraft from available. Fully stocked pilot shop. www.journeysaviation.com 5 Boulder, CO 80301 Cessna, Pipe and Diamond. 303-449-4210 WESTERN AIR FLIGHT ACADEMY 6 Cirrus, Cessna, Piper, professional flight instruction and aircraft charter (Western Skies). Howard McCloure, manager 11915 Airport Way, Suite 4 Cirrus, Cessna, Piper www.flywafa.com 6 Broomfield, CO 80021 303-466-6998/303-466-6991 WESTERN AVIATORS 5 24-hour aircraft charter; piston and turbine aircraft. Aircraft sales and management. Air ambulance Rick Fowler, president 229 Airport Road, Hangar 9 Merlin, Piper services. www.westernaviators.com 7 Longmont, CO 80501 303-776-2733/303-774-8435 TYG GLOBAL LLC 4 Helicopter charter and flight training from private to certified flight instructor. High-altitude training Mike & Regina Fyola, owners 11915 Airport Way Robinson R44 Raven II program in the Scweizer 300c for all ratings and a mountain and turbine transition course in the MD www.tygglobal.com 8 Broomfield, CO 80021 500d.7 helicopters, 12 certified flight instructors and 100 active students. VIP, corporate, special 303-635-0496/303-635-0549 occasion, dinner flights, weekend getaways and aerial photography and videography. LIFE CYCLE BALLOON ADVENTURES LTD. 2 Hot-air balloon rides. Balloon flights daily, year-round in Boulder area. Flight instruction, balloon Michael Giametti, president P.O. Box 17123 Hot-air balloons repair and balloon sales. www.lifecycleballoons.com 9 Boulder, CO 80308 303-216-1990/303-532-3318 PILATUS BUSINESS AIRCRAFT LTD. N/A Completion and distribution of Swiss-engineered and manufactured single-engine turboprop nine- Thomas Bosshard, CEO 11755 Airport Way Turboprop passenger aircraft; custom aeronautics installations. Martha Geisshuesler, CFO 10 Broomfield, CO 80021 www.pilatus-aircraft.com 303-465-9099/303-465-9190 Researched by Mariah Gant N/A: Not available. Source: Business Report Survey

SAFETY from 13A AT ERIE MUNICIPAL up area will accommodate the traffic that uses the airport these days, Airport, a $601,000 taxi- Maenpa said. The land drops off at the end of the current runway, he way lighting project is on said, so dirt will be added there. tap. Adding the lights and The airport also is adding a navi- gation building and a new airport new guidance signs will service road as part of the project. “This is by no means a field of improve operational safety dreams. It’s simply an enhancement at night. to meet the traffic needs we have operating (now) in and out of the airport,” Maenpa said. At Erie Municipal Airport, a Gov. John Hickenlooper’s office $601,000 taxiway lighting project handed out 44 grants to airports is on tap. Adding the lights and new across the state totaling $20.6 mil- guidance signs will improve opera- lion for 2013. FAA grants to proj- tional safety at night, Fred Diehl, ects in Colorado this year included assistant to the Erie town adminis- $200,000 for a feasibility study to trator, said in an email. MICHAEL MYERS locate Spaceport Colorado at Front The project is expected to start Chip Beninati, who has worked at Vector Air Management LLC for eight years, Range Airport, six miles east of late this summer. Some $150,000 works on the vacuum system of a P36TC Bonanza aircraft at Erie Municipal Air- Denver. The site could one day offer in funding is coming from the FAA. port. space tourism, proponents say. Another $400,000 or so is coming The state fuel tax went into from a state Aviation Discretion- effect in 1991 after legislators ary Grant program, which doles Vector Air Management LLC, the small to have a control tower, and a approved it. Since then, the Col- out funds generated from a tax on private company in charge of run- restaurant on the premises is open orado Department of Transpor- airplane fuel. The town of Erie is ning the airport. only from May to September, but tation’s Division of Aeronautics picking up the rest of the tab. “In general, the state and the it’s important to keep up with safety has reimbursed 65 percent of the Erie also is working on a $250,000 FAA are very supportive to fund the measures, said Tim Barth, airport taxes to airports. The remaining airport master-plan update project master plan,” Hurd said, adding that manager. 35 percent of the revenue goes to that will govern development 20 Erie Airport “is a vital airport of the In fact, being a smaller airport maintenance, capital equipment years into the future — includ- Colorado airport system.” means less congestion for pilots, and development at Colorado’s 79 ing a possible runway expansion. At Vance Brand Municipal Air- Barth said, touting Vance Brand as public-use airports. Funds are coming from the FAA port in Longmont, a new perimeter a good place for pilots to go if they “We’re operating safely and effi- and from state and local govern- fence will be built with $400,000 don’t want to deal with talking to ciently,” Maenpa said, “so that’s ments, said Jason Hurd, owner of in state funds. The airport is too control tower personnel. good.” Boulder County Business Report | www.bcbr.com March 1-14, 2013 | 15A Phrases that should be banned from workplace o the top leaders and suc- “That’s not my job” or “I don’t 9 a.m.” your office (or phone you) at 3 this cessful managers use specific get paid enough for this” or “That’s “I think … .” Which of these two afternoon?” Dwords to achieve success? not my problem.” If you’re asked statements do you find more effec- “But.”Simply replace the word Are there words and phrases that to do something by your boss, co- tive? “I think you might like this “but” with “and.” The word “but” should be avoided at all costs? Yes, worker or a customer, it’s because new solution we offer” or “I believe cancels and negates anything that indeed. it’s important to them. Therefore, (or I’m confident) you’re going to comes before it. Imagine if your sig- You’ve got to know your audi- as a team player, goal No. 1 is to fig- like this new solution we offer.” The nificant other said to you, “Honey, I ence and tailor your content to ure out how to difference in wording is fairly subtle. love you, but ...” Similarly, imagine meet their needs. Being sincere, help them get it However, the influence communi- if a software salesperson said, “Yes, natural, enthusiastic and passionate accomplished. cated to your customer can be pro- our implementation process is fast, go hand in hand with maintaining Even if it’s not in found. Reread each sentence. The easy, and affordable … but we can’t good eye contact and being calm your job descrip- first one contains two weak words, install it until June.” The “but” and polite. tion, by saying so “think” and “might.” These words creates a negative that didn’t exist It’s also crucial to learn that there displays a bad, make you sound unsure or insecure before, offsetting the benefits of are certain words and phrases that career-limiting about the message and subtly under- “fast, easy, and affordable.” Replace are certain to cause damage to one’s attitude. For mine your credibility. Notice how the “but” with “and” and hear the progress. If you want to maximize GUEST OPINION example, if the second sentence is confident and difference: “Yes, our implementa- your success and avoid slipping as Darlene Price your boss lays strong. Replace the word “think” tion process is fast, easy and afford- you climb the career ladder, here are an unreason- with “believe” and strike the tenta- able, and we can install it as early as the top 10 phrases to stop using in able request on you, reply by saying, tive “might.” That’s a statement from June.” Most of the time, “and” may the workplace. “I’ll be glad to help you accomplish someone who believes in what he or be easily substituted for “but” with “I can’t do that” or “That’s impos- that. Given my current tasks of A, she is saying. positive results. sible” or “That can’t be done.”Even B and C, which one of these would “Don’t you think?” or “Isn’t it?” “He’s a jerk” or “She’s lazy” or though you may feel this way on the you like to place on the back burner or “OK?” or “Right?” To convey a “They’re stupid” or “I hate my job” inside, these negative phrases are while I work on this new assign- confident, commanding presence, or “This company stinks.” Avoid perceived by others as pessimistic, ment?” This clearly communicates eliminate validation questions. Make making unconstructive or judgmen- unconstructive, and even stubborn. priority, reminds the boss of your your statement or recommendation tal statements that convey a negative Your boss, peers and customers current workload and subtly implies with certainty and avoid tacking on attitude toward people or your job. most likely want to hear what can realistic expectations. the unnecessary approval-seeking This mishap tanks a career quickly. be done. Instead, say, “I’ll be glad to “I may be wrong, but …” or “This question. Don’t say, “This would be If a genuine complaint or issue needs check on that for you” or “What I may be a dumb question, but …” a good investment, don’t you think?” to be brought to someone’s atten- can do is …” or “Because of company or “I’m not sure about this, but …” Instead say, “This solution will be a tion, do so with tact, consideration policy, what I can do is …” or “This may be a silly idea, but … wise investment that provides long- and nonjudgment. For example, “You should have …” or “You .” Eliminate any prefacing phrase term benefits.” Don’t say, “I think we when discussing a co-worker’s tardi- could have …” or “You ought to have that demeans or negates what you’re should proceed using this proposed ness with your boss, don’t say, “She’s … .” The words “should,” “could” about to say. Instead, get rid of the strategy, OK?” Instead, make a dec- lazy.” Instead say, “I’ve noticed Susan and “ought” imply blame, finger- self-deprecating phrase, drop the laration: “We’ll proceed using this has been an hour late for work every pointing and fault. There’s no quick- “but” and make your comment. proposed strategy.” morning this month.” This comment er way to upset a boss, colleague or “I’ll try.” Imagine your boss says “I don’t have time for this right states an observable fact and avoids customer than to suggest they’re to you, “I need your proposal by 10 now” or “I don’t have time to talk disparaging language. guilty of something — even if they a.m. tomorrow for the customer to you right now.” Other than being are. Instead, take a collaborative meeting.” Your reply is, “OK, I’ll try abrupt and rude, this phrase tells Darlene Price is president and approach. “Please help me under- to get it finished.” The word “try” the person they’re less important to founder of Well Said Inc., a training stand why …” or “Next time may we implies the possibility it may not you than something or someone else. and consulting firm in Atlanta. She is adopt an alternative approach.” or get finished. It presupposes possible Instead, say, “I’d be glad to discuss the author of “Well Said! Presentations “I understand your challenges; let’s failure. Instead say, “I’ll get it fin- this with you. I’m meeting a dead- and Conversations That Get Results.” resolve this together.” ished” or “I’ll have it on your desk by line at the moment. May I stop by She can be reached at 1-800-457-8746.

FUEL from 13A

“Fortunately, we’re able to stay ALL COLORADO AIRPORTS, INCLUDING THE BIGGEST (Rocky Mountain Airport),” Barth pretty close to what they’re at in said. “We would have to give it away price,” Spence said. “We’re right one — Denver International Airport — and other commercial for what we’re buying it for, so the in line with those two airports gas wars will continue.” (Rocky Mountain and Vance Brand and general-aviation airports, generate close to $1.7 billion in All Colorado airports, including Municipal Airport in Longmont), net tax benefits per year, according to a study done by the biggest one — Denver Interna- and we’re located smack dab in the tional Airport — and other com- middle.” the Colorado Department of Transportation in 2008, the most mercial and general-aviation air- Lower gas prices can hurt the ports, generate close to $1.7 billion competitors, however. recent period for which information is available. in net tax benefits per year, accord- Fuel sales are down about 25 ing to a study done by the Colorado percent from the same period last Department of Transportation in year at Air West Flight Center Kuebrich said of his recent busi- “We’re pleased to see that and 2008, the most recent period for Inc. in Longmont, the fuel station ness growth, without giving specific people coming to our airport to which information is available. operator at Vance Brand, said Larry figures. buy gas for a change, rather than the More than half of the tax revenue Kuebrich, owner of Air West. Both At Rocky Mountain, offering other way around,” Maenpa said. comes from visitors who arrive by DenverAir and Platte Valley Air- self-serve gas at a cheaper price than Tim Barth, airport manager air and pay lodging taxes, sales tax park in Fort Lupton appear to be before also seems to positively affect at Vance Brand, said the airport on purchases and rental car taxes, selling fuel “for cost” Kuebrich jet-fuel sales revenue, Maenpa said had its two best gas-sales revenue according to the study. Airport said. without giving specifics. Self-serve years in recent years when prices tenants — including flight schools To make up for it, flight school gas sales for non-jet airplanes makes at Rocky Mountain Metropolitan — are the next biggest contributors business is up 20 percent from the up probably one-tenth of the total Airport were much higher. He to tax revenue through fuel sales same period last year, Kuebrich said. volume of fuel sold at the airport, applauded the recent “healthy and other commerce. Jobs are the He attributes his healthy business to he said. But it’s nice to see 700 or competition.” third biggest generator of airport a regional economy that seems to be 800 gallons of self-serve gas sold to “All of the airports play this game. tax revenue in the state, generating generally recession-proof. pilots on some sunny weekend days, When it goes up, there’s nothing we an estimated $382 million in state “Right now, it’s a mixed bag of he added. Most airplanes that use can do to recapture that market and federal income tax, according student pilots and aircraft rental,” the gas have 100-gallon tanks. unless we seriously undercut JeffCo to the study. 16A | March 1-14, 2013 Boulder County Business Report | www.bcbr.com FOR THE RECORD

CREDITOR: PNC BK. AMOUNT: AMOUNT: $1150776.86. CASE FAVILLE. AMOUNT: $5605.0. CASE Bankruptcies Foreclosures Judgments $12000.64. CASE #D-12CV-000528. #D-12CV-030023. DATE: 1/31/2013 #C-12S-500197. DATE: 1/26/2013 DATE: 1/23/2013 Applications for bankruptcy Includes notices of election Judgments constitute deci- DEBTOR: STEVEN T & STEVEN C DEBTOR: SWEET ENTERPRIS- protection are filed with the and demand filed by credi- sions by a court of law DEBTOR: JASWANT KENDALL NELSON, CREDITOR: LVNV FUND- ES INC, CREDITOR: PIXEL INC. U.S. Bankruptcy Court in tors alleging default on a against an individual or CHITAMBAR, CREDITOR: WAKE- ING LLC. AMOUNT: $2815.99. CASE AMOUNT: $0.0. CASE #C-06C24932. Denver. Chapter 7 denotes debt. Foreclosures are not corporation for payment of FIELD ASSOC INC. AMOUNT: #C-07C-000588. DATE: 2/2/2013 DATE: 1/29/2013 $680.75. CASE #C-12C-030172. DEBTOR: DELI CIOSO WEST LLC, DEBTOR: ROBERT S ROBINSON, filings made for liquidation. final until a Public Trustee’s monetary damages. DATE: 1/23/2013 Chapter 11 indicates filings Deed has been issued. CREDITOR: UNITED FOOD SERVICE CREDITOR: CAPITAL ONE BK. Warranty Deeds DEBTOR: JERI A DULITZALTMAN, INC. AMOUNT: $2410.66. CASE AMOUNT: $3077.56. CASE #C-07C- for reorganization. Chap- State Tax Liens Transfers property while CREDITOR: WAKEFIELD ASSOC INC. #C-12C71315. DATE: 2/2/2013 001687. DATE: 2/2/2013 ter 13 indicates filings that AMOUNT: $629.2. CASE #C-12C- Judgments filed against guaranteeing a clear title DEBTOR: DELI CIOSO CENTRAL, enable petitioners to pay off 030789. DATE: 1/23/2013 Broomfield County assets of individuals or free of any encumbrances CREDITOR: UNITED FOOD SERVICE their creditors over three to DEBTOR: HAROLD J BELLM, businesses with delinquent that are not listed on the DEBTOR: JEFFREY LEHMAN, INC. AMOUNT: $1757.62. CASE CREDITOR: BRIAN DEBAUCHE. five years. CREDITOR: WAKEFIELD ASSOC INC. #C-12C71317. DATE: 2/2/2013 AMOUNT: $7336.0. CASE #2008- taxes. deed. AMOUNT: $1066.07. CASE #C-12C- DEBTOR: CLINTON W RAH- 12647. DATE: 1/31/2013 This information is obtained from SKLD Information Services. 030418. DATE: 1/23/2013 MIG, CREDITOR: DISCOVER BK. DEBTOR: STANLEY GEE, CREDI- DEBTOR: PETER A & RENEE M AMOUNT: $3561.27. CASE #C-10C- TOR: MICHELLE GEE. AMOUNT: MAYBEE, CREDITOR: WAKEFIELD 005278. DATE: 2/2/2013 #2013-11660, DATE FILED: 2/8/2013. LONGMONT. LENDER: SUNTRUST $0.0. CASE #2008DR156. DATE: BANKRUPTCIES ASSOC INC. AMOUNT: $1770.14. MORTGAGE INC, AMOUNT DUE: DEBTOR: HEATING C, CREDITOR: 1/25/2013 CASE #C-12C-030231. DATE: Boulder County FORECLOSURES $190961. CASE #3285731. 1/31/2013 CAPITAL ONE BK USA. AMOUNT: 1/23/2013 DEBTOR: HAROLD JOSEPH $1475.42. CASE #C-12C-030504. Chapter 7 Boulder County BORROWER: AARON J HERNAN- III BELLM, CREDITOR: BRIAN DAMON BURNS SCALFARO, DEBTOR: SCOTT C OLSON, CREDI- DATE: BD JDGABS BORROWER: TAMMY R ARMIJO, DEZ, 1114 WOODSIDE RD, LONG- DEBAUCHE. AMOUNT: $7336.0. 721 CHERRYVALE RD, BOULDER; TOR: WAKEFIELD ASSOC INC. 2108 IMPERIAL LN, SUPERIOR. MONT. LENDER: BANK AMERICA, DEBTOR: ANDREW S MOORE, CASE #D-06CV-001253. DATE: CASE #2013-11113, DATE FILED: AMOUNT: $710.87. CASE #C-12C- LENDER: WELLS FARGO BANK, AMOUNT DUE: $227505. CASE CREDITOR: CACH LLC. AMOUNT: 1/31/2013 1/30/2013. 030594. DATE: 1/23/2013 AMOUNT DUE: $262330. CASE #3286177. 2/1/2013 $8021.66. CASE #C-12C-004795. STATE TAX LIENS KAREN SUE EDWARDS, 1508 #3283563. 1/19/2013 DEBTOR: DALE POLLACK, CREDI- DATE: 2/2/2013 BORROWER: TRENTON S FINLEY, AMHERST ST, SUPERIOR; CASE TOR: WAKEFIELD ASSOC INC. BORROWER: MORGAN HAR- 949 SPARROW HAWK DR, LONG- DEBTOR: KATHRYN M LOCKE, Boulder County #2013-11219, DATE FILED: AMOUNT: $1202.39. CASE #C-12C- RIS, 1212 REDWOOD AVE, BOUL- MONT. LENDER: COLORADO HOUS- CREDITOR: PROFESSIONAL FIN AQUA BRIGHT CLEANERS INC, 1/31/2013. 030235. DATE: 1/23/2013 DER. LENDER: DEUTSCHE BANK ING FINANCE AUTHO, AMOUNT CO INC. AMOUNT: $2369.69. CASE $854.12, CASE #3286026, 1/30/2013. BARRY ALLEN JR BROWN, 3248 NATIONAL TRUST C, AMOUNT DUE: DUE: $189195. CASE #3286178. DEBTOR: JAMES L PETERS, CRED- #C-12C-001749. DATE: 2/2/2013 ATOMIC FORGE WELDING CASTLE PEAK AVENUE, SUPERIOR; $439241. CASE #3283564. 1/19/2013 2/1/2013 ITOR: FIRST CITIZENS BK TRUST INC, $1519.17, CASE #3284641, CASE #2013-11245, DATE FILED: CO. AMOUNT: $631650.04. CASE Broomfield County BORROWER: SARA FUENTEZ DE & BORROWER: STEPHANIE LYNN 1/25/2013. 1/31/2013. #D-12CV-000310. DATE: 1/25/2013 DEBTOR: JAMES L PETERS, CRED- ERN SANCHEZ, 964 RUDI LN, GOLD- NELSON, 2405 TYRRHENIAN DR, ITOR: FIRST CITIZENS BK TRUST AUTOWERKS EAST INC, $1573.0, BENJAMIN D BUREN, 4160 RIVER- EN. LENDER: JPMORGAN CHASE LONGMONT. LENDER: COMPASS DEBTOR: JAMES P SCOTT, CREDI- CO. AMOUNT: $631650.04. CASE CASE #3284680, 1/25/2013. SIDE AVE, BOULDER; CASE #2013- BK, AMOUNT DUE: $340121. CASE BANK, AMOUNT DUE: $437580. TOR: UC FEDERAL CREDIT UNION. #D-12CV-000310. DATE: 1/24/2013 11260, DATE FILED: 1/31/2013. #3283565. 1/19/2013 CASE #3286179. 2/1/2013 AMOUNT: $10893.05. CASE #C-05C- AUTOWERKS EAST INC, $3292.0, 001195. DATE: 1/26/2013 DEBTOR: MARSHALL R CASE #3285689, 1/29/2013. DOUGLAS ALAN CAMILLERI, 584 BORROWER: HECTOR M JR BORROWER: MATHEW H & TERE- CHESROWN, CREDITOR: LEHIGH CIR, ERIE; CASE #2013- PADILLA, 1661 EGRET WAY, SUPE- SA D DRAPER, 1937 WASACH DR, DEBTOR: TAMARA MORRONE, BOULDER BIOMED LLC, $6420.0, IDAHO INDEPENDENT BK. CASE #3284679, 1/25/2013. 11276, DATE FILED: 2/1/2013. RIOR. LENDER: US BANK NATIONAL LONGMONT. LENDER: NATIONSTAR CREDITOR: GINA & GLORIA MEL- AMOUNT: $9766943.85. CASE ASSOCIATION T, AMOUNT DUE: MTG LLC, AMOUNT DUE: $710218. STROM. AMOUNT: $10804.45. CASE NICK TAYLOR BEGHTOL, 12626 #D-12CV-001425. DATE: 1/26/2013 BOULDER SECURITY LOCK SAFE $147424. CASE #3283566. 1/19/2013 CASE #3286180. 2/1/2013 #D-12CV-000041. DATE: 1/26/2013 FLAGG DRIVE, LAFAYETTE; CASE INC, $1210.0, CASE #3284677, DEBTOR: TAMARA MORRONE, 1/25/2013. #2013-11284, DATE FILED: 2/1/2013. BORROWER: DAVID K BALDACCI, BORROWER: CY MAHONY, 1928 DEBTOR: JAMES L KNEEBONE, CREDITOR: GINA MELSTROM. 914 STEIN ST, LAFAYETTE. LENDER: WARREN AVE, LONGMONT. LEND- CREDITOR: CACH LLC. AMOUNT: DAVID WILLIAM QUIGLEY, 1057 AMOUNT: $10804.45. CASE BOULDER SECURITY LOCK SAFE ONEWEST BANK FSB, AMOUNT ER: WELLS FARGO BANK, AMOUNT $2080.95. CASE #C-12C-030253. TANTRA PARK CIRCLE, BOULDER; #D-12CV-000041. DATE: 1/26/2013 INC, $1208.0, CASE #3284686, DUE: $141701. CASE #3283568. DUE: $181266. CASE #3286602. DATE: 1/26/2013 CASE #2013-11305, DATE FILED: 1/25/2013. 1/19/2013 2/2/2013 DEBTOR: CORY D & JAMIE M 2/1/2013. DEBTOR: PAMELA L GONACHA, MAJ, CREDITOR: SPRINGLEAF FIN BOULDER SECURITY LOCK SAFE BORROWER: CHRISTIAN DUFNER, CREDITOR: ARROW FIN SERVICES STEPHEN RANDALL WENDZEL, PO Broomfield County SERVICES INC. AMOUNT: $8765.85. INC, $1219.0, CASE #3284682, 1574 WESTIN DR, ERIE. LENDER: LLC. AMOUNT: $4237.72. CASE BOX 1199, ERIE; CASE #2013-11311, BORROWER: WENDY ELLEN CASE #C-12CV-000242. DATE: 1/25/2013. SUNTRUST MORTGAGE INC, DEVINE, 830 W 11TH AVE, BROOM- #C-09C-003597. DATE: 1/26/2013 1/26/2013 DATE FILED: 2/1/2013. AMOUNT DUE: $182785. CASE BOULDER SPORT SOCIAL FIELD. LENDER: NATIONSTAR DEBTOR: MARYLOU KUNNA, JULIE BESS WEBSTER, 818 S #3284111. 1/24/2013 DEBTOR: JAMES EARL FRANTZ, CLUB, $1490.64, CASE #3284640, MORTGAGE LLC, AMOUNT DUE: CREDITOR: LVNV FUNDING LLC. TERRY STREET, LONGMONT; CASE CREDITOR: SHEILA RAE CIN. 1/25/2013. BORROWER: SHAUNESSY P $187761. CASE #1332. 1/25/2013 AMOUNT: $1745.43. CASE #C-10C- #2013-11436, DATE FILED: 2/2/2013. AMOUNT: $3047.53. CASE OBRIEN, 1212 LEFTHAND DR, 005744. DATE: 1/26/2013 BROOMFIELD FUNERAL HOME BORROWER: MICHELLE A DUN- #D-07DR-000960. DATE: 1/29/2013 INC, $2756.54, CASE #3285212, MANUEL DE JESUS MELGAR, 2219 LONGMONT. LENDER: US BANK NING, 12840 ROYAL CT, BROOM- DEBTOR: BETTY J ESSELBORN, DEBTOR: LEE ROY WEBER, CREDI- 1/29/2013. SPRUCE ST #1, BOULDER; CASE NATIONAL ASSOCIATION, AMOUNT FIELD. LENDER: DEUTSCHE BANK CREDITOR: LIBERTY ACQUISITIONS TOR: BC SERVICES INC. AMOUNT: #2013-11505, DATE FILED: 2/5/2013. DUE: $184997. CASE #3284112. NATIONAL TRUST C, AMOUNT DUE: BYRNES CO INC, $10373.66, CASE SERVICING. AMOUNT: $2474.16. $1777.46. CASE #C-12C-001279. 1/24/2013 $221140. CASE #1333. 1/25/2013 #3284681, 1/25/2013. DANIEL E BROWN, 366 MONTGOM- CASE #C-12C-003895. DATE: DATE: 1/30/2013 ERY DR, ERIE; CASE #2013-11591, BORROWER: JOSEPH EUGENE BORROWER: KEVIN G & REGINA 1/26/2013 COLO BREWING CO LLC, $2717.0, DEBTOR: SHERYL A GARGANO, DATE FILED: 2/6/2013. & CYNTHIA A EICHELBERGER, M SCHLITZER, 12551 DALE CT, CASE #3284687, 1/25/2013. DEBTOR: KERRY STOEN, CREDI- CREDITOR: CAPITAL ONE BK USA. 109 E CANNON ST, LAFAYETTE. BROOMFIELD. LENDER: US BANK TAMMI MICHELLE MATTHEWS, TOR: MIDLAND FUNDING LLC. AMOUNT: $4073.8. CASE #C-12C- CONILOGUE QUALITY CAR TRUCK LENDER: PINETREE PARTNERS NATIONAL ASSOCIATION, AMOUNT 4927 THUNDERBIRD CIRCLE, AMOUNT: $14189.61. CASE #C-12C- 001040. DATE: 1/31/2013 RE, $3392.0, CASE #3284676, LLC, AMOUNT DUE: $112989. CASE DUE: $169130. CASE #1369. BOULDER; CASE #2013-11643, #3284624. 1/26/2013 003082. DATE: 1/29/2013 1/25/2013. DATE FILED: 2/7/2013. 1/26/2013 DEBTOR: RICHARD W & RICH DEBTOR: AUTOSPORT LONG- HERRING, CREDITOR: SACOR FIN CONILOGUE QUALITY CAR BORROWER: CAMILE HOWERTON, BORROWER: TIMOTHY R & LISA JOHN M FRESQUEZ, 603 S MILLER MONT INC, CREDITOR: KEY- INC. AMOUNT: $7546.42. CASE TRUCK RE, $844.0, CASE #3285687, 1308 S SHERMAN ST, LONGMONT. J BOOMERSHINE, 12615 XAVIER AVE, LAFAYETTE; CASE #2013- LENDER: WELLS FARGO BANK NA BANK. AMOUNT: $79837.58. CASE #C-12C-001420. DATE: 1/31/2013 1/29/2013. 11662, DATE FILED: 2/8/2013. ST, BROOMFIELD. LENDER: BANK #D-12CV-000816. DATE: 1/29/2013 TRUSTEE, AMOUNT DUE: $173556. AMERICA, AMOUNT DUE: $118801. DEBTOR: MARY HAAG, CREDITOR: DENVER DESIGNER CAKES LLC, MICHELE GAYLE ZEDIKER, 2182 CASE #3284625. 1/26/2013 CASE #1426. 1/29/2013 DEBTOR: BAGS INC, CREDITOR: SPRINGLEAF FIN SERVICES INC. $662.0, CASE #3284673, 1/25/2013. LUPINE PL, ERIE; CASE #2013- HARVEST IMPORT INC. AMOUNT: BORROWER: JAMES D JR AMOUNT: $1504.7. CASE #C-12C- EARTHEN DESIGN INC, $1178.75, 11673, DATE FILED: 2/8/2013. BORROWER: STEPHEN J & BAR- $8320.2. CASE #D-12CV-000496. OSBORNE, 204 LUCERNE WAY, 030140. DATE: 2/1/2013 CASE #3286023, 1/30/2013. BARA C PETERSON, 600 W 6TH AVE, DATE: 1/29/2013 RICHARD EDWARD CARLSON, LAFAYETTE. LENDER: NATIONSTAR BROOMFIELD. LENDER: WELLS DEBTOR: SANDY M JOHANSEN, HARMONY SP LLC, $1689.0, CASE 3590 FORDHAM CT, BOULDER; MORTGAGE LLC, AMOUNT DUE: DEBTOR: ALEX FELDMAN, CREDI- FARGO BANK, AMOUNT DUE: CREDITOR: CENTRAL CREDIT #3284678, 1/25/2013. CASE #2013-11691, DATE FILED: $183904. CASE #3284626. 1/26/2013 $41529. CASE #1435. 1/29/2013 TOR: OXMAN OXMAN PC. AMOUNT: CORP. AMOUNT: $4534.48. CASE 2/8/2013. BORROWER: DORIS W BOR- $1623.31. CASE #C-12C57260. #C-06C-001157. DATE: 2/2/2013 JENNIFER GREANY LLC, $1174.63, BORROWER: ROBERT C & MALA DATE: 1/29/2013 CASE #3284215, 1/23/2013. MIGUEL ANGEL RUIZ, 2300 S ROCK CHARD, 500 MOHAWK DR APT 509, J NORTHROPE, 4617 WINONA PL, RELEASE CREEK PKWY APT 1410, SUPERIOR; BOULDER. LENDER: WELLS FARGO DEBTOR: CLAUDIA MARIE BAI- , BROOMFIELD. LENDER: BANK OF JUDGMENT MAD DOGG ATHLETICS INC CASE #2013-11713, DATE FILED: BANK, AMOUNT DUE: $206812. AMERICA, AMOUNT DUE: $220606. LEYMCINTYRE, CREDITOR: $6673.0, CASE #3284674, 1/25/2013. 2/8/2013. CASE #3284627. 1/26/2013 JORGENSEN BROWNELL PEPIN CASE #1568. 1/30/2013 Boulder County MARSHALL LABORATORIES INC, PC. AMOUNT: $9730.98. CASE Chapter 13 BORROWER: PATRICIA A WILCOX, BORROWER: BRANDON & JEN- DEBTOR: ROBERT M HOL- $193.68, CASE #3286022, 1/30/2013. 640 GOOSEBERRY DR UNIT 1304, #D-11DR-000333. DATE: 1/29/2013 LINGSWORTH, CREDITOR: MID- CATHERINE LYNNE FIEGEN- NIFER SHIRLEY, 12960 DUKE CT, NEWSEASON SERVICES LLC, LONGMONT. LENDER: MIDFIRST DEBTOR: PLATINUM ENVIRON- LAND CREDIT MANAGMENT INC. SCHUH, 624 KIMBARK ST, LONG- BROOMFIELD. LENDER: BANK $1426.84, CASE #3284216, BANK, AMOUNT DUE: $132608. MENTAL LLC, CREDITOR: EATON AMOUNT: $0.0. CASE #. DATE: MONT; CASE #2013-11181, DATE AMERICA, AMOUNT DUE: $197428. 1/23/2013. FILED: 1/30/2013. CASE #3284628. 1/26/2013 CASE #1569. 1/30/2013 SALES SERVICE LLC. AMOUNT: 1/19/2013 $46311.47. CASE #D-12CV-001379. PRALINES N CREAM PARTNERS RACHEL E YOH, 1440 W 9TH AVE, BORROWER: MARK & SONYA BORROWER: PENNY ELIZABETH DEBTOR: TANIA CARTER, CREDI- ASHMORE, 607 TEAL CIR, LONG- DATE: 1/30/2013 TOR: CAPITAL ONE AUTO FIN. LLC, $8988.0, CASE #3284688, LONGMONT; CASE #2013-11367, LYNN, 2751 W 144TH CT, BROOM- 1/25/2013. DATE FILED: 2/1/2013. MONT. LENDER: RESURGENT CAPI- FIELD. LENDER: US BANK NATION- DEBTOR: TRISTAN RICHARD, AMOUNT: $0.0. CASE #. DATE: TAL SERVICES LP, AMOUNT DUE: AL ASSOCIATION, AMOUNT DUE: CREDITOR: BELLCO FIRST FED 1/23/2013 ROCKY MTN WILDLIFE RESCUE FERNANDO ROBLES, 702 DELA- $304235. CASE #3284629. 1/26/2013 $438210. CASE #1579. 1/31/2013 CREDIT UNION. AMOUNT: $652.92. INC, $3419.0, CASE #3284683, WARE AVE APT B, LONGMONT; DEBTOR: GEORGE SR ALPS, BORROWER: CHERI L DEGENHART, CASE #C-01C-001123. DATE: CREDITOR: BC SERVICES INC. 1/25/2013. CASE #2013-11607, DATE FILED: JUDGMENTS 1/30/2013 2/6/2013. 1308 MARIGOLD CT, LAFAYETTE. AMOUNT: $0.0. CASE #94C240. RPT ASSOC PC, $6702.0, CASE LENDER: WELLS FARGO BANK, Boulder County DEBTOR: JAMES R CONN, CREDI- DATE: 1/26/2013 #3285688, 1/29/2013. Broomfield County AMOUNT DUE: $194517. CASE TOR: CAPITAL ONE BK. AMOUNT: DEBTOR: THEMIA SAND- DEBTOR: LYDIA PLACENCIA, STEEL HUGGERS, $6972.81, CASE #3284944. 1/29/2013 $2614.55. CASE #C-07C-001823. Chapter 7 VEN, CREDITOR: CHIL SONG CREDITOR: ADVANTAGE GROUP. #3286765, 2/1/2013. MELISSA ANN GALLO, 1237 BORROWER: THOMAS G HOH, KANG. AMOUNT: $65000.0. CASE DATE: 1/30/2013 AMOUNT: $0.0. CASE #C-12C660. STREAMLINE FENCE LANDSCAP- BOSQUE ST, BROOMFIELD; 4165 57TH ST, BOULDER. LENDER: #D-2008CV1454. DATE: 1/31/2013 DEBTOR: TOM A DAVIES, CREDI- DATE: 1/26/2013 CASE #2013-11169, DATE FILED: DEUTSCHE BANK NATIONAL TRUST ING, $3018.88, CASE #3284213, DEBTOR: KENT MASIAS, CREDI- TOR: CAPITAL ONE BK. AMOUNT: DEBTOR: VERONICA A CAPRIO, 1/30/2013. C, AMOUNT DUE: $1495000. CASE 1/23/2013. TOR: REDHILL FOREST PROPERTY $5117.78. CASE #C-07C-001836. CREDITOR: ADVANTAGE GROUP. #3285374. 1/30/2013 SHIRLEY TOW ROBERTSON, 1101 OWNERS. AMOUNT: $5774.74. CASE DATE: 1/30/2013 AMOUNT: $11673.13. CASE TEAM PHOBIC TEAM PHOBIC LLC, $6738.0, CASE #3284672, 1/25/2013. BIRCH ST, BROOMFIELD; CASE BORROWER: JENNIFER DELAU- #C-12C-000172. DATE: 1/19/2013 DEBTOR: BRADLEY CLARKSON, #C-11CR1789. DATE: 1/26/2013 #2013-11365, DATE FILED: 2/1/2013. RANT, 160 LAKEVIEW PL, NEDER- DEBTOR: JANE LORIN AKIN, CREDITOR: CAVALRY SPV I LLC. DEBTOR: PAUL D ANDRESON, TELANDER PAINTING INC, $966.13, LAND. LENDER: US BANK NATIONAL THERESA PUANANI SAVIDGE, 9024 CREDITOR: CREEKSIDE IN ERIE AMOUNT: $1501.59. CASE #C-12C- CREDITOR: FIRST RESOLUTION CASE #3286025, 1/30/2013. ASSOCIATION T, AMOUNT DUE: 030857. DATE: 1/30/2013 VANCE ST, BROOMFIELD; CASE HOMEOWNERS A. AMOUNT: INVEST CORP. AMOUNT: $0.0. CASE TEMPERED AIR SERVICES $273588. CASE #3285730. 1/31/2013 #2013-11536, DATE FILED: 2/6/2013. $1921.03. CASE #C-11C-003177. DEBTOR: KELLER WIL- #C-10C1221. DATE: 1/26/2013 INC, $12114.16, CASE #3284214, BORROWER: ARNALDO & ADRI- DATE: 1/23/2013 RALPH ORONA, 12688 PRONG- LIAMS FRONT RANGE PR, DEBTOR: JUDITH CROY, CREDI- 1/23/2013. ANA PARADA, 1724 ANTERO DR, HORN DR, BROOMFIELD; CASE DEBTOR: ROBERT MCCONNELL, CREDITOR: PLAZA III LTD. TOR: JAMES SHERWOOD & MARI Boulder County Business Report | www.bcbr.com March 1-14, 2013 | 17A FOR THE RECORD

THREE BROS DISTRIBUTING SPRAGUE BYRD REVOCABLE L, Date Closed: 1/22/2013 Price: $215000 ARKANSAS AVE Buyer, Buyer’s Address: DONNA C INC, $813.17, CASE #3286024, 4436 FIREWEED TRL Date Closed: 1/27/2013 Address: MULT PROP, HOLTER, 12615 ZUNI ST # 15 205 Seller: PAUL V GUTIERREZ 1/30/2013. Address: 4436 FIREWEED TRL, Price: $ Address: 1095 E 16TH AVE, Buyer, Buyer’s Address: PAUL V Seller: TOLL CO I LLC BROOMFIELD Date Closed: 1/29/2013 BROOMFIELD WEST END GARDNER INC, GUTIERREZ TRUST, 14122 SUN Buyer, Buyer’s Address: BARRY Price: $ Price: $225500 $2593.0, CASE #3285686, BLAZE LOOP UNIT H G & HEATHER M STIDHAM, 1790 Seller: ASCENT REAL ESTATE Date Closed: 1/22/2013 Date Closed: 1/31/2013 1/29/2013. Address: 14122 SUN BLAZE LOOP TIVERTON AVE INVESTOR LL Seller: CHYRL A JOHNSON UNIT H, BROOMFIELD Address: 1790 TIVERTON AVE, Buyer, Buyer’s Address: LARRY & Seller: THOMAS J HUDGEL WHITEWATER TUBING CO, Buyer, Buyer’s Address: FOLEY Price: $ BROOMFIELD JOYCE HENDRICKS, 150 BERYL Buyer, Buyer’s Address: ALEXAN- $5956.0, CASE #3284689, TRUST, 16045 CAMERON WAY Date Closed: 1/23/2013 Price: $786400 WAY DER S & ALEXANDRA R WICKS, 1/25/2013. Address: 16045 CAMERON WAY, Date Closed: 1/28/2013 Address: 150 BERYL WAY, 520 W 6TH AVE Seller: KB HOME COLORADO INC ZAPATERIA CHAVEZ INC, $1209.0, BROOMFIELD BROOMFIELD Address: 520 W 6TH AVE, BROOM- Buyer, Buyer’s Address: GUSTAVO Seller: TOLL CO I LLC CASE #3284675, 1/25/2013. Price: $475000 Price: $228500 FIELD A GARCIA, 11290 SHEPS WAY Buyer, Buyer’s Address: DENNIS Date Closed: 1/22/2013 Date Closed: 1/29/2013 Price: $308000 ZAPATERIA CHAVEZ INC, $1200.0, Address: 11290 SHEPS WAY, & JULIE B COLLINS, 1770 TIVER- Date Closed: 1/31/2013 CASE #3284685, 1/25/2013. Seller: PARKWAY CIRCLE BROOM- BROOMFIELD TON AVE Seller: STANDARD PACIFIC COLO- FIELD LLC Price: $288700 RADO INC BROOMFIELD CARAPACE ZEPHYR LOGISTICS LLP, $8487.0, Address: 1770 TIVERTON AVE, Seller: Buyer, Buyer’s Address: LEO A 1/24/2013 Buyer, Buyer’s Address: CARRIE CASE #3284684, 1/25/2013. Date Closed: BROOMFIELD LLC & SHARON M PANDO, 13456 VIA Price: $726300 PEKETZ, 4720 RAVEN RUN Buyer, Buyer’s Address: BRENT & Seller: DAWN C GLADWELL VARRA UNIT 317 Date Closed: 1/28/2013 Address: 4720 RAVEN RUN, JUDY BOURNE, 13166 MISTY CT Broomﬁeld County Buyer, Buyer’s Address: KELLY Address: 13456 VIA VARRA UNIT BROOMFIELD Address: 13166 MISTY CT, 99 RV RENTAL LLC, $3604.0, MCKIRAHAN, 13597 VIA VARRA Seller: BEIYI ZHENG 317, BROOMFIELD Price: $298100 BROOMFIELD CASE #1454, 1/28/2013. UNIT 2305 Buyer, Buyer’s Address: RAMONA Price: $ Date Closed: 1/30/2013 Price: $389900 Address: 13442 VIA VARRA, V & JOSEPH A CAMPBELL, 5185 BROOMFIELD FUNERAL HOME Date Closed: 1/22/2013 Date Closed: 1/31/2013 INC, $2756.54, CASE #1436, BROOMFIELD W 123RD PL Seller: GREENWOOD INVEST- 1/28/2013. Seller: TIMOTHY M & PAMELA N Price: $240000 Address: 5185 W 123RD PL, MENT GROUP LLC Seller: FREDERICK L SMITH BOWEN Date Closed: 1/24/2013 BROOMFIELD Buyer, Buyer’s Address: EMILIA Buyer, Buyer’s Address: NORMAN RELEASE Buyer, Buyer’s Address: THOMAS Price: $282000 LUZ COSTALES, 835 ASH ST E & FRANCES RUBINSTEIN, 4530 Seller: 15549 ZUNI STREET LLC B IV & MARY ANN CURTIS, 14180 Date Closed: 1/28/2013 Address: 835 ASH ST, BROOM- SILVER MOUNTAIN LOOP OF STATE TAX LIENS Buyer, Buyer’s Address: RYAN K & FAIRWAY LN FIELD Address: 4530 SILVER MOUNTAIN ANNE LINDSAY CARR PROBASCO, Seller: BRIAN J & MARIA LOURDES Boulder County Address: 14180 FAIRWAY LN, Price: $240000 LOOP, BROOMFIELD 2475 RED HAWK PL CONNOLLY ANTHONY P STACK ENTER- BROOMFIELD Date Closed: 1/30/2013 Price: $587000 Address: 2475 RED HAWK PL, Buyer, Buyer’s Address: JEFFREY PRISES IN, $0.0, CASE #3283989, Price: $595000 Date Closed: 1/31/2013 BROOMFIELD C BAUER, 5162 GREY WOLF PL Seller: DAVID DOUGLAS NELSON 1/22/2013. Date Closed: 1/22/2013 Price: $105000 Address: 5162 GREY WOLF PL, Buyer, Buyer’s Address: CAMER- Seller: PULTE HOME CORP BOULDER SPORT SOCIAL Seller: LAND DEVELOPMENT LLP Date Closed: 1/24/2013 BROOMFIELD ON JAMES & SHELLY ANN RAHE Buyer, Buyer’s Address: ROBERT CLUB, $534.95, CASE #3284665, Buyer, Buyer’s Address: KENNETH Price: $295000 GORDON, 965 COUNTRY CLUB CT E & PATRICIA L GROENING, 4812 Seller: MELIA D HEIMBUCK 1/25/2013. & DUSTY DUMAS, 15285 LIPAN ST Date Closed: 1/28/2013 Address: 965 COUNTRY CLUB CT, LITTLE BEAR PL Buyer, Buyer’s Address: BRIAN S & Address: 750 W 153RD PL, BROOMFIELD Address: 4812 LITTLE BEAR PL, EARTHEN DESIGN INC, $482.31, CHRISTINE L GALLAGHER, 14136 Seller: FANNIE MAE BROOMFIELD Price: $249000 BROOMFIELD CASE #3285219, 1/29/2013. FAIRWIND LN Buyer, Buyer’s Address: ROCKY Price: $118000 Date Closed: 1/30/2013 Price: $460500 Address: 14136 FAIRWIND LN, MOUNTAIN INVESTMENT GROU, EARTHEN DESIGN INC, $1182.91, Date Closed: 1/22/2013 Date Closed: 1/31/2013 CASE #3285218, 1/29/2013. BROOMFIELD MULT PROP Seller: JERZY JOZWIAK Seller: KB HOME COLO INC Price: $350000 Address: 1103 E 7TH AVENUE CIR, Buyer, Buyer’s Address: MELIA Seller: PAUL F MADIGAN EARTHEN DESIGN INC, $2559.5, Buyer, Buyer’s Address: JAMES M Date Closed: 1/27/2013 BROOMFIELD DEE HEIMBUCK, 16559 RED ROCK Buyer, Buyer’s Address: KATHER- CASE #3285217, 1/29/2013. JOHNSON, 11335 UPTOWN AVE Price: $178100 LN INE A HORNE, 13641 BASALT CT Seller: ADAM T & JENIFER E Address: 11335 UPTOWN AVE, Date Closed: 1/28/2013 Address: 16559 RED ROCK LN, Address: 13641 BASALT CT, FERRARA ENTERPRISES INC, WOLINSKI BROOMFIELD BROOMFIELD BROOMFIELD $1109.78, CASE #3285213, Buyer, Buyer’s Address: MARK A & Seller: GLENNA FAE ERDWIN Price: $299300 Price: $583000 Price: $360000 1/29/2013. KARLA R TATUM, 12531 MARIA CIR Buyer, Buyer’s Address: BEN Date Closed: 1/22/2013 Date Closed: 1/30/2013 Date Closed: 1/31/2013 GAYLE WHARMS, $0.0, CASE Address: 12531 MARIA CIR, JASON WHITCOMB, 3462 MOLLY #3285247, 1/29/2013. Seller: TAYLOR MORRISON COLO- BROOMFIELD CIR Seller: STANDARD PACIFIC COLO- Seller: JPMORGAN CHASE BANK RADO INC Price: $221500 Address: 3462 MOLLY CIR, RADO INC NATIONAL A MUSE INC, $798.22, CASE Buyer, Buyer’s Address: SHAN- Date Closed: 1/27/2013 BROOMFIELD Buyer, Buyer’s Address: ASHLEY Buyer, Buyer’s Address: FEDERAL #3286574, 2/1/2013. NAH LEIGH & MATTHEW BERNARD Price: $194500 HANCOCK, 4721 RAVEN RUN NATIONAL MORTGAGE ASSO, Seller: KIMBERLY SCOTT THOMPSON, 15005 BLUE JAY CT Date Closed: 1/28/2013 Address: 4721 RAVEN RUN, MULT PROP PAIN PARTNERS MD LLC, Buyer, Buyer’s Address: BRANDI Address: 15005 BLUE JAY CT, BROOMFIELD Address: 3031 W 133RD AVE, $3955.17, CASE #3285214, FALAGRADY, 13252 NIWOT TRL Seller: RICHARD J & LISA A HULL BROOMFIELD Price: $359000 BROOMFIELD 1/29/2013. Address: 13252 NIWOT TRL, Buyer, Buyer’s Address: RICHARD Price: $581600 Date Closed: 1/30/2013 Price: $ BROOMFIELD J HULL LIVING TRUST, 13993 GUN- PAIN PARTNERS MD LLC, Date Closed: 1/22/2013 Date Closed: 1/31/2013 $1134.89, CASE #3285216, Price: $247500 NISON WAY Seller: THOMAS D & SHEILA K 1/29/2013. Seller: RICHARD N & LINDA W Date Closed: 1/27/2013 Address: 13993 GUNNISON WAY, LAWSON Seller: PULTE HOME CORP FREUND BROOMFIELD Buyer, Buyer’s Address: TL HOLD- Buyer, Buyer’s Address: SUE Seller: CARRIE A PEKETZ PAIN PARTNERS MD LLC, $3146.2, Buyer, Buyer’s Address: JOSHUA J Price: $ INGS LLC, 4000 PO BOX 892 CHIN, 4822 LITTLE BEAR PL Buyer, Buyer’s Address: LUCAS S CASE #3285215, 1/29/2013. & KRISTEN L SNYDER, 2638 GRAY Date Closed: 1/28/2013 Address: 4000 CENTENNIAL DR, Address: 4822 LITTLE BEAR PL, & CRYSTAL D PILLOW, 1627 PRAI- WOLF LOOP BROOMFIELD BROOMFIELD RENEE G & DALE HUCKSTAUBIN, RIE FALCON LN Seller: GLENN ERIC & GINA NYKIEL Address: 2638 GRAY WOLF LOOP, Price: $ Price: $424200 $0.0, CASE #3283947, 1/22/2013. Address: 1627 PRAIRIE FALCON HERRMANN BROOMFIELD Date Closed: 1/30/2013 Date Closed: 1/31/2013 LN, BROOMFIELD Buyer, Buyer’s Address: RYAN & SUSAN PSTEVENS, $0.0, CASE Price: $393000 Price: $ CORTNEY DAVIS, 13322 MEADOW Seller: THOMAS D & SHEILA K Seller: WILLIAM J & KIRSTEN M #3285185, 1/28/2013. Date Closed: 1/22/2013 Date Closed: 1/27/2013 PARK LN LAWSON BIALEK WARNER DESIGN INC, $1518.63, Seller: MICHAEL PREISENDORF Address: 13322 MEADOW PARK Buyer, Buyer’s Address: TL HOLD- Buyer, Buyer’s Address: WILLIAM Seller: ASCENT DEVELOPMENT CASE #3286764, 2/1/2013. Buyer, Buyer’s Address: NOEL LN, BROOMFIELD INGS LLC, 4841 PO BOX 892 P & WENDY L BIALEK, 3714 W GROUP CLAYTON & WANDA NORAINE Price: $394000 Address: 4841 SHAVANO DR, 127TH AVE WARRANTY DEEDS Buyer, Buyer’s Address: FAIR- HART, 55 EMERALD ST Date Closed: 1/28/2013 BROOMFIELD Address: 3714 W 127TH AVE, WINDS I LLC, 5344 STONEY- Broomﬁeld County Address: 55 EMERALD ST, Price: $ BROOMFIELD BROOK DR Seller: BB INVEST CO LLC Seller: LINDA SPRAGUE BYRD BROOMFIELD Date Closed: 1/30/2013 Price: $237500 Address: 14300 WATERSIDE LN, Buyer, Buyer’s Address: COLO ST Buyer, Buyer’s Address: LINDA Price: $212000 Date Closed: 1/31/2013 BROOMFIELD DEPT TRANSPORTATION, 4201 E Seller: BANK NEW YORK MELLON

AWARDS PRODUCT UPDATE

Diane Hirschhorn, senior vice president and impact on the economic vitality of Lafayette and Automated-software testing firm Test- more languages are in the works. wealth-management adviser for Merrill Lynch, the generosity shown to countless organizations Plant Inc. plans to launch a new test in Pierce, Fenner & Smith Inc. (NYSE: SAR) in that benefit from its kindness. Chamber Cham- April that looks for problems in the new Longmont-based software firm Kozio Inc. Boulder, was named in the Barron’s Top 1000 pion award will go to Bob Davis of Re/Max Al- mobile-applications customers can use released the Verification and Test OS Stan- Advisor list for 2012. Hirschhorn has been liance in recognition of his outstanding commit- on their smartphones. Employees of the dard and Advanced Packages for Sitara ARM named to the top 100 Women Advisors list three ment to the Lafayette chamber, special events London-based Test Plant’s development AM335x Cortex A8 processors from Texas In- times and the Top 1,000 Advisor list twice. and area organizations that have benefited from office in Boulder created the automated struments Inc. Both packages provide an out- his volunteerism. The Community Service award of-the-box board-based design verification Broomfield-based Level 3 Communications, mobile-applications test, said Jonathan will be presented to Guido Gaz of Stan’s Auto- and debug solution for AM335x designs con- Inc. (NYSE: LVLT) won Global Capacity’s Metro Gillaspie, the company’s chief develop- motive. Complimentary beer, wine and food from taining DDR2/DDR3, NAND flash, NOR flash, Connect Customer Choice Award for Overall ment officer. Gillaspie heads the team in 6 to 8 p.m. Awards presentation at 8 p.m. Event SRAM, UARTS, I2C and McSPI. The VTOS Metro Excellence in the Large Carrier group. Boulder. The test is named eggOn. The will be Thursday, March 7, at the Gatehouse in AM335x Advanced Package contains an ad- The award was presented by Atlantic-ACM, a company bills the test as one that’s easier Lafayette. Cost is $35 per person and reserva- ditional generic display driver allowing the user telecommunications research company, at the to use than the previous eggPlant for Mo- tions are required. Go online to www.lafayettecol- to graphically modify a device tree and provide Metro Connect USA conference Feb. 20 in Mi- bile test, which is also made by TestPlant. orado.com for more information. simple display initialization scripts to enable full ami Beach, Florida. functional testing of any display. David Bangs of Louisville-based NexGen Reactor Labs, a Boulder-based startup, has The city of Lafayette was awarded a Certifi- Storage Inc., Besty Doughty of Boulder- developed a mobile app that transforms us- cate of Achievement for Excellence in Finan- Boulder-based EVOL Foods, maker of natu- based Spectra Logic Inc., and Brad Painter ers’ social feeds and favorite news sites into a cial Reporting by the nonprofit Government ral and organic frozen meals and snacks, an- of Longmont-based Dot Hill Systems Corp. presentation that they can listen to or watch on Finance Officers Association of the United nounced two new product lines as well as plans (Nasdaq: HILL), were named CRN 2013 Chan- their iPhone or Apple TV. The app, called Win- States and Canada for its comprehensive an- to give the Classic burrito line a makeover. The nel Chiefs by UBM Tech Channel. The award ston, allows users to choose the topics, such nual financial report. new line of Plus Burritos with Guacamole offers recognizes executives responsible for driving as world news, politics and sports, and pulls hot burritos with a side serving of cool guaca- The Lafayette Chamber of Commerce will pres- channel sales and growth within their respec- information and images from various news mole. New dairy-free, gluten-free burritos are ent its Business of the Year award to Jax Mer- tive organizations while promoting the impor- sources around the Web. It also can incorpo- made with a whole-grain tortilla and come with cantile Co. in recognition of its outstanding tance of the channel throughout the informa- rate information from Facebook and Twitter chicken, “chicken plus” or shredded beef. contributions to the Lafayette chamber, positive tion-technology industry. accounts. An Android version and support for 18A | March 1-14, 2013 Boulder County Business Report | www.bcbr.com BUSINESS DIGEST OPENINGS that would required genetically modified or- McGuckin Hardware, 2525 Arapahoe Ave., development agreement with Secaucus, New Loveland-based Home State Bank opened ganisms to be included in food labels. Boulder, has joined Downtown Boulder Inc., a Jersey-based Panasonic Eco-Solutions North its 11th branch bank in Colorado Feb. 25 at nonprofit organization that works to maintain America. The agreement highlights Panasonic 565 W. South Boulder Road in Louisville. Five Boulder Homemade Inc., dba Boulder Ice downtown as the center of commerce, govern- efforts to bring a comprehensive, end-to-end employees will staff the new location, with an- Cream, plans to distribute its new organic Figo! ment, culture and leisure. DBI members sup- solution for solar PV projects from 250 kilowatts other two joining soon. The bank plans to hold Organic Gelato nationally this spring. It will be port the vitality of downtown through public up to 20 megawatts to the commercial, industri- a formal grand opening Friday, April 5. Home debuted at the Natural Products Expo West advocacy, political involvement and communi- al, municipal and small-utility sectors. Together, State Bank has about $677 million in assets March 7-11 in Anaheim, California. It then will ty events. The organization has approximately the two companies aim to develop, build and and about 200 employees. The bank also has be distributed in natural foods stores and su- 400 business members. operate a portfolio of solar PV systems in the a branch in Longmont. permarkets in the Rocky Mountain region, as United States and Puerto Rico. well as nationally. The gelato comes in seven EARNINGS TechStars, a Boulder-based startup accel- flavors, using recipes created under the guid- Shoemaker Crocs Inc. posted record revenue Broomfield-based MWH Global, a consulting, erator, will launch TechStars London. The ance of a master Italian gelato maker. of $1.12 billion for the year, a 12 percent gain engineering and construction services compa- program, which will help entrepreneurs by from 2011 revenue, according to the company’s ny, was awarded an $11.8 million contract ex- connecting them with mentors and potential Skiing, camping and other outdoor industry- latest earnings report. Niwot-based Crocs (Nas- tension from the city of Baltimore to continue investors as they develop their startup com- related activities — as well as outdoor com- daq: CROX) also posted revenue of $224.99 work on the city’s sewer system rehabilitation panies, is the first TechStars in a foreign coun- panies — in Colorado generate $13.2 billion in million for the most recent quarter ended Dec. and modernization project. try. TechStars, which now has programs in six consumer spending annually, according to a 31, up from $203.71 million for the same quar- cities, was founded in Boulder in 2006. Jon new report from the Outdoor Industry Asso- ter in 2011. The company posted gross profit of Broomfield-based Webroot Software Inc., a Bradford will be the managing director for the ciation. The Boulder-based trade association $106.4 million for the most recent quarter ended provider of cloud-based security intelligence program in London. analyzed information on outdoor-industry jobs, Dec. 31, up from $99.8 million for the same solutions, announced a strategic partnership gear and travel-related expenses for every quarter in 2011. Crocs expects revenue of $305 with FancyFon, provider of the FAMOC mo- CLOSINGS state in the nation in the new report. In Colo- million to $310 million in the first quarter of 2013, bile device management platform, following Can manufacturer Ball Corp. will close a food rado, the outdoor industry also generates $994 or from 32 to 34 cents per share. release of the cloud-based Webroot Security and aerosol manufacturing plant in Elgin, Il- million in state and local tax revenue, accord- Intelligence for Mobile Suite in January. linois, in December. Broomfield-based Ball ing to the Outdoor Recreation Economy report. Boulder-based Elevations Credit Union’s (NYSE: BLL) will report a $21 million after-tax Some 125,000 jobs are directly related to the assets, deposits and membership grew dur- Boulder-based Ball Aerospace and Technolo- charge as a result of the closure, according outdoor industry in Colorado, generating $4.2 ing 2012. The credit union’s earnings totaled gies Corp. contracted with National Geospatial- to a company press statement. The plant’s billion in wages and salaries, which is based $10.6 million last year, and total assets grew Intelligence Agency for mission analysis and en- 245 workers will receive severance pay and on information from the U.S. Bureau of Labor $138.5 million, a 12.1 percent increase from gineering in a transaction with the agency and can apply for other open positions within the Statistics, surveys and other industry groups. 2011. Elevations had total assets of $1.29 OGSystems LLC. The company will provide company. The plant makes steel cans, aerosol billion through the end of December. Total testing, validation and systems engineering to cans and flat steel sheets used to make things deposits increased by 12.5 percent to $128 NGA under the Total Applicatiuon Services En- at other Ball facilities. Those products will be million. Elevations gained nearly 3,900 mem- terprise Requirements contract. Dan Gibson, manufactured at other existing Ball plants. bers in 2012, and now has more than 99,000. vice president and general manager of systems Business deposits increased nearly $10 mil- engineering solutions, will lead the team respon- MOVES lion from 2011, and the credit union generated sible for implementing the contract. Lilli, a women’s clothing store, is consolidating more than $760 million in first mortgages last with sister store Violette after a little more than year. Elevations has 11 branches including GRANTS two years in business on Pearl Street in Boul- locations in Boulder, Broomfield, Adams and Boulder County commissioners approved der. The store at 1646 Pearl St. will hold a sale Larimer counties. grants totaling about $165,000 to help promote before moving remaining merchandise to Vio- business, economic development and tourism lette at 1631 Pearl St. Lilli opened in fall 2010 Broomfield-based Corgenix Medical Corp. in the county. Agencies and community groups and shares employees with Violette. Wholesale DeSouza Bloomfield launched its AspirinWorks diagnostic test kit in received about $174,000 in funding in 2012. Fashions LLC, doing business as Violette, was China during the quarter ended Dec. 31, leading Economic development groups often get fund- founded in 2008, according to the Colorado J.V. DeSousa of WorkShop8 in Boulder and to revenue and profit that exceeded the coming from a variety of public and private sources. Secretary of State’s office. Violette is known Mark Bloomfield of Sustainably Built in Boul- pany’s expectations, chief executive Douglass Organizations receiving funding for 2013 in- for its party dresses and other upscale clothing der have written a white paper for the Depart- Simpson said. Corgenix (OTC BB: CONX) re- clude: Boulder Chamber/Boulder Eco- and accessories. ment of Housing and Urban Development on ported a 20 percent increase in revenue to $2.5 nomic Council, $47,450; Longmont Area passive and active energy-efficiency strate- million for the most recent quarter, according to Economic Council, $34,857; Lafayette BRIEFS gies. The paper is based on WorkShop8’s high- a company earnings statement. Revenue was Chamber of Commerce, $20,250; Lou- National Institute of Standards and Technol- profile Paisan Green Community project in El $2.1 million for the same quarter in 2011, the isville Chamber of Commerce, $18,600; ogy’s new laboratory in Boulder received Lead- Paso, Texas. Sustainably Built put together a company said. Corgenix’s profit for the quarter Tourism and Recreation Partnership of ership in Energy and Environmental Design, or comparison of the building design versus the was $55,755 compared with an operating loss Boulder County Inc., $11,475; Town of LEED, Gold certification. LEED-certified build- IECC 2009 code requirement and modeled the of $56,722 for the same quarter a year ago. Lyons, $6,000; Town of Nederland, $6,000; ings are designed to lower operating costs, energy consumption of a typical one-bedroom Boulder Independent Business Alli- reduce waste, conserve energy and water, unit as built versus a unit built to base code Broomfield-based WhiteWave Foods Co. re- ance, $5,000; Small Business Develop- and reduce greenhouse-gas emissions. The standards. Paisan Green Community is a net- ported $609 million in revenue for the most re- ment Center, $4,500; Latino Chamber of laboratory, which opened last year, requires zero, fossil-fuel free, LEED Platinum, affordable cent quarter, up 12 percent from the same period Commerce, $4,500; Superior Chamber of stringent controls of the internal environment senior-housing project. The 73-unit project is the year before. WhiteWave Foods Co.’s (NYSE: Commerce, $3,750; and Niwot Business for precision measurements with lasers, atom- built on a 4.2 acre site, adjacent to the major WWAV) revenue was up from $543 million for the Association: $2,325. The funds come from an ic clocks and nanotechnology. For instance, border crossing between El Paso and Juarez, period ended Dec. 31, 2011. In the fourth quarter approved 2013 county budget of $319.6 million. mechanical equipment takes in outdoor air Chihuahua, Mexico. of 2012, the company reported profit of $31 mil- and provides filtration, heating and cooling, lion, or 18 cents per share, a 34 percent increase Deadline to submit items for Business Digest and humidity control. Air quality is maintained Louisville-based Real Goods Solar Inc. (Nas- from the $23 million, or 13 cents per share, re- is three weeks prior to publication of each bi- through the use of low-odor adhesives, seal- daq: RSOL), a provider of turnkey solar energy ported in the same quarter in 2011. weekly issue. Mail to Editor, Boulder County ants and paints, and carpet and floor materials solutions for residential, commercial and utility Business Report, 3180 Sterling Circle, Suite that minimize release of chemicals and gases. customers, has launched Shop.RealGoods. CONTRACTS 201, Boulder, CO 80301-2338; fax to 303-440- com, an online store offering solar power and Coronal Management LLC, with offices in 8954; or email to [email protected] with Busi- U.S. Rep. Jared Polis, D-Colo., announced environmentally-friendly solutions for home Boulder and Pasadena, California, signed an ness Digest in the subject line. Photos submit- a bill at Alfalfa’s Market in Boulder on Feb. 20 and business. exclusive multiyear solar photovoltaic solutions ted will not be returned.

CALENDAR MARCH www.frozendeadguydays.org. presents the forum, Funding in Focus, Boulder Country Day School will The Lafayette Chamber of Commerce from 4 to 6 p.m. Tuesday, March 12, in 13 present Preview Day from 9 a.m. to 7 presents its Annual Dinner & Awards VolkBell presents a talk on the the Glenn Miler Ballroom at the Univer- noon, Wednesday, March 13, at the school, Ceremony from 6 to 8 p.m., Thursday, 11 Small Business Health Options sity Memorial Center on the CU cam- 4820 Nautilus Court, Boulder. Overview, March 7, at The Gatehouse, 1055 S. 112th Program from 8:30 to 10:30 a.m., Wednes- pus. Guest spekers are Todd Saliman, tour and time to visit classrooms. Parents St., Lafayette. Cost is $35 per person. Res- day, March 6, at The Fox Hill Country Club, CU vice president and chief financial of- and students welcome. Contact info@boul- ervations required. Register online at www. 1400 Colorado Highway 119, Longmont. ficer, and Kelly Box, CU-Boulder senior dercountryday.org for details and to register lafayettecolorado.com. Jim Sugden, manager of the program, will vice chancellor and CFO. Forum is from www.bouldercountryday.org/events. provide information on the health exchange 4 to 5 p.m. and reception is from 5 to 6 Frozen Dead Guy Days will be that is scheduled to begin in October. p.m. Forum focuses on funding trends Deadline for Calendar items is three weeks held Friday through Sunday, 8-10 Breakfast will be served, and there is no for public higher education and fiscal prior to publication. The weekly events cal- March 8-10, in Nederland. Events include cost to attend. For more information con- outlook for CU-Boulder. Free. Register endar alternates with the monthly events Coffin Races, Hearse Parade, Polar Plunge, tact Amy Essig, 303-776-3105, ext. 116, or online at https://www.cusys.edu/cuadvo- calendars; each appears once every other Frozen T-shirt Contest, The Newly Dead [email protected]. cates/2013_03-12_ucb-funding-in-focus. issue. Mail Calendar items to Calendar, Boul- Game, Brain Freeze Contest and “Grandpa’s html. For more information, contact Mi- der County Business Report, 3180 Sterling in the Tuff Shed” movie screenings. For full chele McKinney at 303-860-5622 or mi- Circle, Suite 201, Boulder, CO 80301-2338 list of events and live music schedule go to The University of Colorado-Boul- 12 der’s CU Advocates Program [email protected]. or [email protected] with Calendar as subject. Boulder County Business Report | www.bcbr.com March 1-14, 2013 | 19A ON THE JOB ADVERTISING/MARKETING EDUCATION mental consulting engineering firm with offices consumer relations. McGuckin Hardware in Boulder hired Louise Cleantech Fellows Institute in Golden hired in Boulder, Winter Park and Fort Collins. Lieberman has more Garrels as a member of its marketing team. Boulderite Steven Berens as executive di- than 25 years expe- Garrels will work on reaching new and exist- rector. The institute offers an educational HIGH TECH rience in marketing ing customers via social media and traditional program to help business leaders transition Longmont-based UQM Technologies Inc. and educating the marketing strategies. Previously, Garrels was to the clean-tech industry. Berens plans to (NYSE: UQM), a developer of alternative energy public about healthy, marketing and communications manager for expand the focus of the program to include technologies, appointed John E. Sztykiel to its local and organic Impact on Education in Boulder. She is the di- natural gas and water. The institute partners board of directors effective Nov. 1. Sztykiel re- foods in the retail rector for the Centaurus Track & Cross Country with the National Renewable Energy Labora- places retired Army Lt. Gen. Jerome H. Granrud, food environment. Foundation in Lafayette, and previously served tory in Golden, federal laboratories in Boulder, who is retiring from the board. Sztykiel is presi- Previously, Lieber- on the boards of nonprofits Family Learning universities in Boulder, Fort Collins and Gold- dent and chief executive of Charlotte, Michigan- Lieberman man founded the Center, the YMCA and Reading to End Rac- en, nonprofit trade groups and others. Public based Spartan Motors Inc. (Nasdaq: SPAR) and Nutrition Learning ism. and private sponsors provide funding for the a member of Spartan’s board of directors. Centers in Long Island, New York. program. Berens co-founded Power Tagging BANKING, FINANCE Boulder-based LinkSmart Inc. appointed Per- NONPROFIT Technology Inc. in Boulder and is on the advi- Damon Marxer joined the Merrill Lynch, Pierce, ry Quinn as chief revenue officer and head of Lafayette-based HospiceCare of Boulder and sory board for the Leeds School of Business Fenner and Smith Inc. publisher development. LinkSmart provides Broomfield Counties Deming Center for Entrepreneurship at the office in Boulder as text-link optimization and management solu- hired Annette Main- University of Colorado-Boulder. Berens previ- senior vice president tions for websites. Quinn will lead the strategy land as vice president ously was chief executive of Privacy Networks and a personal invest- and day-to-day execution of the company’s for philanthropy. She Inc. in Fort Collins. ment adviser portfo- publisher development and account manage- will work to develop lio manager. Marxer David Reed, a veteran telecom industry re- ment teams. Quinn previously was senior vice new strategies to previously worked searcher, is joining the University of Colorado- president of publisher development at Feder- reach the nonprofit’s in the same capac- Boulder to create a new center that will study ated Media Publishing. fundraising goals. ity for Merrill Lynch in the rapidly evolving broadband industry. Reed, Mainland has more Broomfield-based Webroot Software Inc. hired Michigan. A graduate former chief technology officer and chief strate- than 20 years’ experi- David Duncan as chief marketing officer. Dun- of the University of gy officer with Louisville-based Cable Television ence in directing fun- Marxer can will lead the Internet security products firm’s Mainland Colorado-Boulder, he Laboratories Inc., better known as CableLabs, draising efforts, teach- global marketing strategy. Most recently, Dun- has been with Merrill has joined CU’s Interdisciplinary Telecommuni- ing grant-writing skills, can was responsible for developing and leading Lynch for more than 12 years. cations Program as a scholar in residence. organizing special events and speaking about the CyberSafe secure-storage product strategy best practices. She has worked with large non- Carole Johns, owner of Niwot Financial Group ENGINEERING for Imation Corp., having joined Imation after the profits, including St. Jude Children’s Research LLC, passed the Financial Industry Regulatory Matt Emmett joined acquisition of EncryptX in 2011, where he was Hospital in Memphis, Tennessee, as well as small Authority’s exam that designates her as an the civil department founder, president and managing director for 10 grassroots efforts. The agency provides care for investment company and variable-contracts of JVA Inc.’s office in years. Duncan also served on McAfee’s embed- terminally ill patients and support for their families, representative. Passing the exam allows Johns Boulder as a project ded solutions advisory committee for the past as well as bereavement services for anyone in the to expand her business to include financial engineer. He earned two years. Duncan held executive marketing community who has suffered a loss, and educa- services. Johns recently was selected to at- a bachelor’s degree positions at Tactical Marketing Ventures and RL tion on all matters related to death and dying. tend and participate in the Financial Planning in civil engineering Polk’s Consumer Information Services Division, Deadline to submit items for On the Job is Institute, an advanced financial strategies con- from the University of as well as marketing leadership roles with the three weeks prior to publication of each biweek- ference sponsored by Irving, Texas-based H.D. Colorado-Boulder in former Storage Technology Corp. ly issue. Mail to Editor, Boulder County Business Vest Financial Services. In the past 24 years, 2004 before moving NATURAL PRODUCTS Report, 3180 Sterling Circle, Suite 201, Boulder, she has worked with Engineers Without Bor- to Seattle. JVA is a Emmett Boulder-based Alfalfa’s Market Inc. hired nu- CO 80301; fax to 303-440-8954; or email to ders-USA, the Longmont Downtown Develop- 57-year-old structur- trition expert Layne Lieberman for the newly [email protected] with On the Job in the subject ment Authority and the city of Longmont. al, civil and environ- created job of vice president of marketing and line. Photos submitted will not be returned. NONPROFIT NETWORK FUNDRAISERS secondary education. Upon high-school gradu- nonprofits to receive $10,000 from FirstBank. WOW! Children’s Museum in Lafayette re- The “I Have a Dream” Foundation of Boulder ation, each Dreamer will receive a scholarship to Four Colorado Gives Day 2012 nonprofit par- ceived a $2,500 Community Trust grant from County is hosting its 2013 Longmont Dream- use toward college or vocational school. Goal is ticipants were randomly selected to receive The Community Foundation Serving Boulder Maker Breakfast from 7:30 to 9 a.m., Thursday, to launch the class in spring 2013. Cost is free, $10,000 each in Luck-of-the-Draw cash priz- County. WOW! will use the grant to support its March 14, at the Plaza Conference Center, 1850 but donations will be requested. To reserve a es. Other winners in the drawing were Clothes 2013 scholarship program. In 2012, the scholar- Industrial Circle, Longmont. Proceeds will sup- seat, contact Paulette Warembourg at paulette. To Kids of Denver Inc., Colorado Youth for a ship program served 2,300 children and fami- port the sponsorship of 50 low-income youth [email protected] or call Change in Denver and Fostering Hope Foun- lies. Program benefits include complimentary in the Longmont community for a period of 303-444-3636 ext. 10. dation in Colorado Springs. FirstBank is Com- museum admissions, access to onsite educa- 10-plus years, from second grade through high GRANTS munity First Foundation’s corporate partner for tion programs, low-cost family memberships school graduation, and to and through post- The Boulder History Museum was one of four Colorado Gives Day. and discounted field trips for Title I schools.

UTILITY from 12A work,” Draper said. THE REPORT SETS AN AUG. 6 TARGET DATE whether Boulder should municipalize. Cost matters, too, and a big increase One of the scenarios it models is based in rates could lead to less money for for when the city’s legal staff wants the authorization to on the status quo arrangement with other uses or even higher tuition or Xcel Energy. However, five of the six student fees, Draper said. begin acquisition negotiations with Xcel Energy, should the scenarios it modeled would require The campus already is taking steps city council opt to go forward with municipalization. some form of municipalization. to mitigate its electric bill, including The report sets an Aug. 6 target date restarting its cogeneration facility. That could lead to eminent-domain litigation if the two for when the city’s legal staff wants That could make CU less dependent the authorization to begin acquisition on any utility, but it will not generate sides do not agree on a price. negotiations with Xcel Energy, should enough power to make CU self-suffi- the city council opt to go forward with cient or give it the ability to “decouple” municipalization. That could lead to from a utility, Draper said. as closely as Ball. Because of that, the Tuesday, March 12, that will focus eminent-domain litigation if the two CU-Boulder is not investigating chamber wanted the city to release the on feedback from the business com- sides do not agree on a price. whether it could remain an Xcel Energy report well before the city council took munity. Information about joining the Xcel Energy also is taking its time customer even if the city municipalized. up the issue in a study session. call is on the city website. before it knows when or if it will “Whoever’s running the system, Businesses would like to under- Boulder staff presented its findings release a detailed response. we’re attached to them,” Draper said. stand how the city reached its findings to the council Feb. 26 during a study “The city’s put a lot of thought into Businesses in Boulder that are much and what the impact could be. session that occurred after the Busi- its plan, and we’d like to put a lot of smaller than Ball or CU also have con- The short amount of time between ness Report went to press. thought into our response,” spokes- cerns. One of them is simply staying the report’s release and the council The report models six options for woman Michelle Aguayo said the day knowledgeable about what’s going on, study session “makes it really hard the council to consider that are based the report was released. Boulder Chamber public affairs direc- for anyone to say anything intelligent on 20-year projections. It can be found The city council is scheduled to tor Angelique Espinoza said. about the report,” Espinoza said. online at www.BouldersEnergyFu- tell the city staff whether to continue Only a few businesses have staff with The city will host an open con- ture.com. down the road to municipalization on the expertise or time to follow the issue ference call from noon to 1 p.m., The report does not recommend April 16. 20A | March 1-14, 2013 BOULDER VALLEY REAL ESTATE WATCH BOULDER COUNTY BUSINESS REPORT WWW.BCBR.COM

EXISTING HOME SALES January 2013 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 01/01/11 - 01/01/12 %chg 01/01/11 - 01/01/12 %chg Location 01/01/11 01/01/12 %chg 01/01/11 01/01/12 %chg Price Contract Price 12/31/11 12/31/12 12/31/11 12/31/12 12/31/11 12/31/12 12/31/11 12/31/12 Boulder 30 189 $665,080 80 $591,000 Boulder 615 787 28.0 $663,912 $668,291 0.7 Boulder 89 75 (15.7) $545,000 $570,000 4.6 Broomfield 22 76 $413,939 43 $417,000 Broomfield 349 376 7.7 $354,617 $358,513 1.1 Broomfield 85 68 (20.0) $321,415 $323,890 0.8 Erie 22 89 $415,039 67 $328,345 Erie 243 327 34.6 $326,088 $348,852 7.0 Erie 81 72 (11.1) $304,000 $330,000 8.6 Lafayette 11 55 $336,671 99 $302,500 Lafayette 251 303 20.7 $372,446 $385,017 3.4 Lafayette 88 57 (35.2) $324,000 $358,000 10.5 Longmont 74 228 $280,199 65 $258,600 Longmont 829 1000 20.6 $244,717 $258,404 5.6 Longmont 73 61 (16.4) $220,000 $233,500 6.1 Louisville 8 22 $389,375 27 $341,250 Louisville 201 243 20.9 $412,121 $432,180 4.9 Louisville 64 57 (10.9) $380,500 $395,000 3.8 Superior 12 14 $444,713 64 $432,450 Superior 109 158 45.0 $423,886 $425,315 0.3 Superior 65 41 (36.9) $379,000 $408,000 7.7 Mountains 7 191 $422,929 87 $340,500 Mountains 253 296 17.0 $396,422 $422,299 6.5 Mountains 122 131 7.4 $316,000 $349,500 10.6 Plains 17 179 $817,676 101 $617,000 Plains 302 408 35.1 $634,440 $623,231 (1.8) Plains 112 84 (25.0) $470,000 $479,450 2.0 Total 203 1,043 Total 3,152 3,898

EXISTING CONDO SALES January 2013 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 01/01/11 01/01/12 %chg 01/01/11 01/01/12 %chg Location 01/01/11 01/01/12 %chg 01/01/11 01/01/12 %chg Price Contract Price 12/31/11 12/31/12 12/31/11 12/31/12 12/31/11 12/31/12 12/31/11 12/31/12 Boulder 35 193 $312,918 68 $278,000 Boulder 556 651 17.1 $299,979 $308,285 2.8 Boulder 156 96 (38.5) $242,500 $255,000 5.2 Broomfield 3 34 $272,833 16 $270,000 Broomfield 70 83 18.6 $216,643 $223,199 3.0 Broomfield 146 113 (22.6) $205,146 $218,000 6.3 Erie 2 10 $206,250 172 $206,250 Erie 29 29 0.0 $173,506 $184,655 6.4 Erie 113 61 (46.0) $126,000 $151,000 19.8 Lafayette 1 20 $182,750 23 $182,750 Lafayette 92 99 7.6 $188,655 $195,562 3.7 Lafayette 89 65 (27.0) $187,000 $196,000 4.8 Longmont 18 51 $178,122 47 $172,500 Longmont 160 219 36.9 $178,215 $178,503 0.2 Longmont 105 72 (31.4) $165,000 $162,000 (1.8) Louisville 2 7 $200,750 31 $200,750 Louisville 36 44 22.2 $196,483 $226,774 15.4 Louisville 72 64 (11.1) $185,500 $201,000 8.4 Superior 2 5 $162,000 53 $162,000 Superior 18 32 77.8 $222,255 $200,818 (9.6) Superior 69 44 (36.2) $220,000 $180,000 (18.2) Mountains 0 0 0 0 0 Mountains 2 2 0.0 $178,450 $337,500 89.1 Mountains 98 101 3.1 $178,450 $337,500 89.1 Plains 4 13 $245,950 106 $235,000 Plains 80 98 22.5 $198,428 $194,281 (2.1) Plains 130 72 (44.6) $162,147 $163,250 0.7 Total 67 333 Total 1,043 1,257 For more information contact: Kenneth Hotard 303.442.3585 • [email protected] Datasource: IRES-Information Real Estate Services CU sports upgrades would cost $170 million

BOULDER — Folsom Field and the Coors Event Center could Nonprofit’s new digs nearing approval become a lot more attractive for athletes, coaches and recruits if a plan Community Food Share’s renovation expected to begin in March announced by the University of Col- orado-Boulder comes to fruition. Officials from CU’s leadership, including new football coach Mike MacIntyre, presented a $170 million facilities upgrade plan to a subcom- mittee of the CU system’s regents during a meeting Feb. 20 in Colorado Springs. The multiyear, multistage plan would be financed by $50 million in donations. The rest would come from athletic department revenue, which includes television contracts and tick- ets and merchandise sales, CU-Boul- der spokesman Bronson Hilliard said. No money from taxpayers or students will be used. CU plans to launch a major fundraising campaign right away, Hilliard said. The $50 million figure was created as the result of a donor feasibility study, and the campaign will follow the precedent set by a prior one to COURTESY COMMUNITY FOOD SHARE upgrade Coors Event Center and An architect’s rendering shows what Community Food Share’s new 68,000-square-foot building in the Colorado Tech- facilities for the basketball and vol- nology Center business park in Louisville will look like. The nonprofit food bank purchased the building at 650 Taylor Ave. leyball teams, he said. in August for $3.5 million, with the help of $2.5 million from an anonymous donor. The nonprofit has paid off the loan Showing recruits that an athletic used to buy the building, and renovation is expected to start in March to prepare the warehouse for freezer/cooler instal- department has top-notch facilities lation. CFS officials hope to move the operation from Niwot to Louisville by the third quarter this year. is considered to be a crucial element in recruiting battles, and with CU’s move to the Pacific 12 Conference, CU athletic director Mike Bohn conceived, strategic investment in the nation. It will improve the perfor- the Buffaloes are competing with acknowledged that in the media our future in the Pac-12 Confer- mance of our student-athletes on the some of college football’s best pro- release announcing the upgrades. ence,” Bohn said. “It will position us field and in the classroom, and it will grams. “This plan represents a carefully to attract the best student-athletes in ➤ See Real Estate, 21A Boulder County Business Report | www.bcbr.com March 1-14, 2013 | 21A Home buying, refinancing activity up sharply BY BETH POTTER time period, according to the report. them or pay them off, he said. Reserve rate, McMaken said. [email protected] Increased deed-of-trust activity is Anecdotally, refinance loans McMaken said he started releasing an indicator that the overall state appeared to drive the largest amount state deed-of-trust figures in the third BOULDER — Home-refinancing economy is getting better, said Ryan of the deed-of-trust activity in 2012, quarter of 2011 as a “positive indica- and home-buying activity increased McMaken, a spokesman for the Divi- McMaken said. He said he did not tor” of the economy. The state also 27.2 percent in Boulder County in sion of Housing. have the information necessary to releases home foreclosure activity. 2012 compared with 2011, according Across the state, total deed-of- calculate figures to show the number Information is collected from public to new deed-of-trust statistics from trust releases were up 29.4 percent in of refinanced loans and sold homes trustee offices in counties across the the Colorado Division of Housing. 2012 from 2011, McMaken said. compared with paid-off mortgages. state. In a deed of trust, legal title to real The number of deeds of trust But the number of homeowners who When the number of deed-of-trust property is transferred to a trustee released at county public trustee pay off their mortgages every year is releases decline in a specific period, it who holds it as security for a loan offices are a general index of the very small, McMaken said. can be an indicator of a “flat” or “slow” between a borrower and lender. demand for real estate across the Interest rates on 30-year fixed real estate market, McMaken said in Home-refinancing and home-buy- state, McMaken said. Deeds of trust mortgage loans averaged 3.66 per- a press statement. The Division of ing activity in Broomfield County are released at county offices when cent in 2012, down from 4.46 percent Housing operates under the Colorado increased 30.9 percent in the same homeowners refinance homes, sell in 2011, using the St. Louis Federal Department of Local Affairs.

REAL ESTATE from 20A enhance our fan experience.” LOUISVILLE The first stage would build a new BOULDER COUNTY POSTED AN 18 PERCENT DROP NEW COLONISTS: The Village academic center for all CU student- in the number of foreclosure filings, with 789 proceedings Shops at Colony Square II, a three- athletes at Folsom Field. The current building, 29,414-square-foot retail center is in the Dal Ward Athletic started in 2012. The number of properties sold at auction center in Louisville, has been sold in Center, which is north of the stadium. a $3.4 million deal. The Dal Ward building would be dropped 25 percent, to 372 The buildings, which are located renovated and expanded, with larger near the Home Depot and Lowe’s and upgraded locker rooms, training stores and the Regal Colony Square facilities, weight rooms and space for cinema, were purchased by Colony the coaching staff. rado’s foreclosure rate has returned the drop, the report said. Square II Louisville LLC and JKW The Folsom Field and Dal Ward to pre-recession levels, according to a 1031 Louisville LLC. Both LLCs upgrades are projected to cost about report released recently by the Colo- BROOMFIELD were formed in January by John $39 million. CU hopes to start work rado Division of Housing. AMLI RISES AGAIN: Another Wolff, a Boulder-based architect and as soon as possible, Hilliard said. In 2012, 28,579 foreclosures were apartment project will be sprouting property investor. The third element is an indoor started and 15,903 were completed up along U.S. Highway 36 this spring. The street addresses for the build- practice facility, which would be built across the state. That’s the fewest AMLI Residential, a Chicago- ings are 1132, 1148 and 1156 Dillon at 22nd Street and Arapahoe Avenue, since 2006 and 2005, respectively, based developer and operator of Road. Tenants include Premier Mem- adjacent to the team’s current outdoor the report said. multifamily residential communi- bers Federal Credit Union and a State practice fields. Seating on the west Boulder County posted an 18 per- ties, has closed on the $2.52 million Farm insurance office. According to side of Folsom Field also would be cent drop in the number of fore- deal to acquire the 5.1 acres in Arista the property’s listing on LoopNet, upgraded. closure filings, with 789 proceed- on which it will build a 168-unit it is 89 percent occupied, and Dan That phase is about four years in ings started in 2012. The number of development. It also has applied for Grooters of Newmark Grubb Knight the future, Hilliard said. properties sold at auction dropped 25 construction permits, according to Frank advised the seller. The asking The final piece of the $170 million percent, to 372, the report said. the Broomfield Building Division’s price was $3.8 million. plan does not really involve athletes. The improvements in Broomfield database. California Building LLC and 4901 Housing for CU students with fami- County were more modest. The The land is at the corner of Broom- York Street LLC sold the property. lies at the corner of Folsom Street and county experienced a 1.4 percent field Lane and Parkland Drive. To According to the Boulder County Arapahoe Avenue would be rede- decrease in the number of proceed- the north and east of the land are the Assessor’s Office, they bought the veloped. The current buildings are ings started, to 210, and a 2 percent AMLI Arista Apartments, a 358-unit property in 2009 for nearly $2.3 mil- several decades old. decrease in the number of completed community that AMLI bought for lion. The buildings were constructed The master plan also includes sales, to 96. $55.6 million in 2010. in 2000, according to property records. upgrades to Coors Event Center, “Foreclosures in 2012 basically The construction cost is estimat- home of the Buffs’ basketball teams. dropped back down to 2006 lev- ed to be $16.5 million, according to HOPE FOODS: Hope Foods Those upgrades — which are not els,” Colorado Division of Housing the Broomfield Planning Depart- Inc., a food maker based in Boulder, included in the $170 million cost economist Ryan McMaken said in a ment. The apartments will be one has bought the 58,900-square-foot estimate — include improved facili- release. “There are also many more and two bedrooms, and rent is antic- warehouse at 1850 Dogwood St. in ties for the basketball and volley- households now than in 2006, so if ipated to be from $950 to $1,400 Louisville for $2,874,001, or $48 per ball teams. The spectator concourse you adjust the foreclosure rate for the per month. square foot. would also be improved and premium population growth, we’re almost back The project has been in the works The property will become a food- seating sections would be created. at 2005 levels.” for a while, and the Broomfield City manufacturing facility, according to Going forward, the picture gives Council approved AMLI’s site devel- Brandon Ray, one of the brokers who ON THE MAP: Boulder Map Gal- reason to hope the worst of the crisis opment plan and an improvement represented the buyer. Ray, Aaron lery is in the process of moving to is in the past. The number of foreclo- plan to share the costs of infrastruc- Valdez and Chris Ball, all of Cassidy the Table Mesa Shopping Center in sure starts peakewd in 2009, when ture development in December. Turley Colorado, represented Hope South Boulder. Owners of the store more than 46,000 were filed. The Arista mixed-use develop- Foods. have signed a lease for a 1,849-square- “At this point, there is a well-estab- ment is being developed by Tim The property was bought at an foot space at 607 S. Broadway, Suite lished downward trend, but this does Wiens, and one of his companies, FDIC auction, Ray said. F. The gallery has been at 1708 13th not guarantee continued declines,” Park 36 Development LLC, sold the According to Ray, the building’s St. since 1987. Nate Litsey and Chad the report said. “However, given land. The vacant lot has been used as current tenant is Jonas Brothers Taxi- Henry brokered the transaction for current trends in employment and a parking lot for the nearby 1stBank dermy. The new owners are trying the building’s owner, W.W. Reynolds demand for real estate, it does appear Center. to move the Jonas Brothers out of Cos. The new store was expected to that foreclosure activity will continue In addition to the existing Aris- the building by April 1 and occupy it open by March 1, according to the to decline in the absence of significant ta apartments and the new project, immediately. landlord. increases in unemployment.” AMLI is building a 343-unit devel- A stable unemployment rate and opment in Interlocken and owns the Michael Davidson can be reached at FORECLOSURES EASE: Colo- fewer risky loans are two reasons for 500-unit AMLI at Flatirons. 303-630-1943 or [email protected] 22A | March 1-14, 2013

OPINION BOULDER COUNTY BUSINESS REPORT WWW.BCBR.COM Polis right to seek GMO labeling law .S. Rep. Jared Polis has the right idea on GMO labeling. UPolis, a Democrat representing the 2nd Congressional district, has introduced the GMO Labeling Bill, which would require labeling of food containing GMOs, or genetically modified organisms. Polis introduced the bill Feb. 20 at Alfalfa’s Market in downtown Boul- der. The bill will be co-sponsored by Rep. Peter DeFazio, D-Ore., and in the Senate by Sen. Barbara Boxer, D-Calif. The bill: • Provides that consumers have a right to know whether food contains GMOs. • Defines what constitutes a genetically modified organism, including Boulder tops for female executives plants, animals and fish. • Provides for civil penalties for community. organizational skills and ability to violations. Inspiration abounds The Avalanche study provides get the job done. from women leaders a perfect opportunity to reflect on • Lynda Gibbons, CEO of Gib- some of the local women who con- bons-White Inc., and Becky Gamble, EDITORIAL in Boulder Valley tinually inspire me with their expe- CEO of Dean Callan & Co. What “I am proud to help lead the GMO rience, insight, entrepreneurship, impresses me the most: Their busi- Labeling Bill, which is all about con- ow important are women to management skill, business savvy ness acumen and sales skills, as well sumer choice and information,” Polis the local economy? A recent and creativity: as the fact that they’ve thrived in a said in a statement. “It’s important to Hstudy of U.S. Census Bureau • Josie Heath, traditionally male-dominated com- empower people with the informa- records by Austin, Texas-based Ava- president of mercial real estate sector. tion they need to make their own lanche Consulting found that the the Commu- • Leslie Leinwand, chief scientific healthy choices. People have the right Boulder metropolitan statistical area nity Foundation officer, the Biofrontiers Institute. to make consumer decisions based on — essentially, Boulder County — Serving Boulder What impresses me the most? OK, accurate transparency in labeling, and topped the nation in concentration of County. Heath have you read any of the university’s knowledge is power.” female executives, with 17.7 female is a former reports on Leinwand’s discoveries? GMOs have proved controversial top executives for every 1,000 female Boulder County ’Nuff said. not only in the United States but workers in 2012. PUBLISHER'S commissioner • Patricia Nelson Limerick, also worldwide, where 50 countries Coming in at No. 2 was Bridgeport, NOTEBOOK and past candi- faculty director and chairwoman, impose restrictions or bans on their Connecticut, with 16.6 female execu- Christopher Wood date for the U.S. Center for the American West at the use. We do not oppose GMOs — tives for every 1,000 female workers. Senate. What University of Colorado. Limerick is a many valid arguments exist as to why In regions such as Boulder and impresses me the most: Her under- former MacArthur Fellow (and once they can help in the battle against Bridgeport, “the proportion of female standing of the important role that my professor). What impresses me world hunger — but this bill deserves top executives is more than twice the philanthropy plays in the Boulder the most: Her ability to challenge support, no matter what one’s stance U.S. average,” Avalanche research County economy. orthodoxy by developing a new is on their use. director John Rees said in a statement. • Susan Reilly, president and approach to the history of the West. A number of states are considering “In both communities, there are more CEO of Renewable Energy Systems • Hunter Lovins, president of their own version of GMO labeling, than 16 female top executives for Americas Inc. in Broomfield. What Natural Capitalism Solutions and perhaps contributing to higher costs every 1,000 female workers. In other impresses me the most: Her vocal and co-founder of the Rocky Mountain and bureaucracy for food producers. metropolitan areas, fewer than two tireless advocacy for renewable energy, Institute. What impresses me the A national standard would create out of every 1,000 female workers and willingness to battle onerous regu- most: Her vision for how business one set of regulations and defini- (are) classified as a top executive.” lations and tax policies. and environmental sustainability can tions, making it easier for producers But, Rees noted, “Notably, not a • Frances Draper, vice chancellor be mutually beneficial. to comply. single metropolitan area has a higher for strategic relations at the Universi- These are just a few of the Boul- Supporters of a federal label- proportion of female top executives ty of Colorado-Boulder. Draper, who der Valley women who inspire me, ing requirement point to a recent than the overall U.S. average for men.” formerly served as executive director from business, education and non- Washington Post article, saying that The Boulder area’s concentration of the Boulder Economic Council, profits. Who inspires you? 94 percent of U.S. citizens support of top female executives will come coordinates external and internal labeling. The nation — and Polis — as no surprise to anyone who follows communications at the university. Christopher Wood can be reached at has it right. the region’s economy and business What impresses me the most: Her 303-440-4950 or [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 OFFICE MANAGER Boulder, Colo. 80301-2338, is Doug Storum ...... [email protected] Denise Schwartz ...... [email protected] Tiffanie Moore ...... [email protected] published biweekly by BizWest Media LLC a Colorado corpora- COPY EDITOR SALES DIRECTOR CARTOONIST tion, in Boulder, Colo. Dallas Heltzell...... [email protected] Kevin Loewen ...... [email protected] Ron Ruelle

To advertise or subscribe: WRITERS MARKETING MANAGER CONTRIBUTING PHOTOGRAPHERS Michael Davidson ...... [email protected] De Dahlgren ...... [email protected] Jonathan Castner, Michael Myers VOLUME 32, ISSUE 6 303-440-4950 Fax: 303-440-8954 Beth Potter ...... [email protected] CONTRIBUTING WRITER Online edition: www.BCBR.com ACCOUNT EXECUTIVES RESEARCH DIRECTOR Storm Hostetter ...... [email protected] Heather McWilliams The entire contents of this newspaper Mariah Gant ...... [email protected] are copyrighted by BizWest Media with Dave Thomas ...... [email protected] all rights reserved. Reproduction or use, PRODUCTION DIRECTOR Lauren O’Brien ...... [email protected] without permission, of editorial or graph- Dave Thompson ...... [email protected] ic content in any manner is prohibited. Boulder County Business Report | www.bcbr.com March 1-14, 2013 | 23A

BCBRDAILY from 2A to become its own company again. to raise nearly $30 billion in the next peutics Inc., a company making a new system, into its Agile ALM platform, Spectralink was moved to Westmin- decade to fund federal health-care cancer-related device. Medical-tech the company said in a release. Users ster, where Polycom had an office. The reform. It went into effect as part of firm C.R. Bard Inc., a Murray Hill, also will have easier access to up-to- address is 1765 W. 121st Ave. the Affordable Care Act, the reform New Jersey, company that bought date customer feedback. Now it is looking for a large space in legislation signed into law in 2010. Medivance Inc. in Louisville for $250 The tools are supposed to make it Boulder from where about 100 of its Proponents have argued that the million in 2011, also is on the list. easier for developers to work together, 225 employees will be based, market- medical-device industry stands to Posted Feb. 14. Rally’s vice president of products ing director Michelle Chessler said. gain from new sales as health-care Todd Olson said in a video from Rally The company is in the process of find- coverage expands during the 10-year Rally buys Finnish firm explaining the deal. ing a space and negotiating a lease, and time frame. Opponents say the tax BOULDER — Rally Software Flowdock’s headquarters in Hel- its goal is to open in Boulder in April. will strain the capital-intensive med- Development Corp. has purchased sinki, Finland, will become Rally’s first Posted Feb. 21. ical-device industry. a Finnish company that makes social international research and develop- Also signing the national petition collaboration tools for software devel- ment center. The company has offices KeHE to open Boulder office so far were workers at Tensentric opment teams. in the United States, United Kingdom, BOULDER — KeHE Distribu- Inc., an industrial design and product Boulder-based Rally declined to the Netherlands and Australia. tors LLC plans to open an office in development company in Boulder; disclose the purchase price for Flow- Flowdock has nine employees and Boulder this spring that will focus on Speed to Market Inc., a company in dock. It will integrate Flowdock’s col- Rally’s current headcount is 379, sales and marketing for its Tree of Life Nederland involved in production of laboration and communications tools, according to the company. natural and organic products division. a ventilator device; and Siva Thera- such as group chat and a messaging Posted Feb. 13. The Romeoville, Illinois-based company will employ eight to 10 people and increase that to as many as 16 in Boulder in the future, said Rick- ard Werner, vice president for natural 1000s of business leads sales for KeHE’s Tree of Life division. The new office will house sales, account management, category manage- with an added “Touch” ment and event and publication resources, according to a press statement. Tree of Life has been a natural products divi- A subscription to the DataStore will do more than get you sion of KeHE Distributors since 2010. KeHE sells natural and organic in the know about the Boulder Valley. When you subscribe products, specialty and gourmet to the BCBR DataStore you’ll also receive: products, international products and others to more than 35,000 retail 1-year Premium Data Subscription $395 Receive an iPod Nano 16GB outlets in North America. 2-year Premium Data Subscription $695 Receive a 4th Gen, 32GB iPod Touch Posted Feb. 20. 3-year Premium Data Subscription $995 Receive a 16GB iPad mini

Longmont gets taste of Marin 1000s of business leads, unlimited access, live database refreshes every few weeks with updated and additional leads. LONGMONT - Paul Roberts wanted to bring Longmont diners a California restaurant concept he loved. So it’s altogether fitting that he opened Joe’s on Valentine’s Day. Joe’s Longmont LLC — doing busi- Business Report Lists and Directories ness simply as Joe’s — opened Feb. 14 at 526 Main St., the space previously in a downloadable, digital format occupied by 7 West Pizzeria. This subscription offers access to our entire online DataStore of Joe’s has a theme that Roberts, 52, constantly updated lists, directories, articles and more. Pertinent knew from Marin County, the sce- information is provided in Excel and PDF formats, which are excellent nic peninsula just across the Golden for creating sales leads, generating mailing lists or importing data into Gate Bridge from San Francisco. Rob- your company’s customer-relationship-management program. erts had opened a pair of restaurants DataStore is the perfect tool for growing a successful business. there before moving to Colorado and launching the eclectic Two Dog Diner in Longmont’s Prospect New Town neighborhood in June 2007. Joe’s, he said, is patterned after Marin Joe’s in Corte Madera, Cali- fornia. The restaurant specialized in Italian dishes and some mainstream American favorites, and became known for very large portions. Posted Feb. 19. Neither Boulder County Business Report (BCBR) nor BizWest Media LLC are directly affiliated with Apple Inc. The Apple Locals fight med-device tax trademark, logo, and products found on this site are the BOULDER — People at local property of Apple Inc. and BCBR does, in no way, claim to represent or own any of the Apple trademarks or rights. Apple medical-device manufacturers have Inc. does not own, endorse, or promote BCBR, NCBR,WBR, signed a national petition to repeal BizWest Media LLC or any of their products or Web sites. DataStore Offer expires March 31, 2013. Offer valid for Premium Data a 2.3 percent excise tax on medical Subscriptions only. devices that went into effect Jan. 1. Nearly 130 Colorado signers — including people at Covidien plc’s (NYSE: COV) offices in Boulder and Sound Surgical Technologies BCBR.com/DataStore LLC in Louisville — have put their names on the “No 2.3 percent. Kill the med device tax!” petition at www. 303.440.4950 no2point3.com. The medical-device tax is expected The authority on construction in the Boulder Valley.

www.BCBR.com 2013 Blueprints Directory

with the GREEN BUILDING GUIDE Building & Renovating Boulder County Business Report readers...

n 91.5% Own a home.

n In the next 18 months, 33% of readers plan to renovate all or part of their home and 6.6% are planning an addition.

n 12.3% Plan to renovate their current business facility, 6.6% plan to expand their facility and 3.8% are planning to build in a new location.

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