Ms. Tonya Covarrubias, Chief Financial Officer for History
Colorado, presented a proposal to sell a piece of real property it holds
in Georgetown. Committee members received a memorandum outlining
the proposal, prepared by Legislative Council Staff (Attachment D). Ms.
Covarrubias responded to questions regarding the dollar amounts of the
bids received on the property, and restrictions on the sale of a property
by a state agency. Discussion ensued regarding the use of the proceeds
from the sale of the property by History Colorado. Ms. Kori Donaldson,
Legislative Council Staff, provided input on the laws surrounding property
disposals, and the process by which the proceeds from the sale of a property
are retained by the selling agency. Ms. Covarrubias responded to
questions regarding how History Colorado came to own the subject property.
Discussion followed regarding the options before the committee for
authorizing the sale of the property, and how to handle property sales
by departments going forward.