8DE53980D4A3E57487258994007B225E Hearing Summary

Representatives Boesenecker and Taggart, co-prime sponsors, presented Senate Bill 23-175. The bill allows municipalities to adopt 20-year extension periods for property tax increment financing arrangements for downtown development authorities.

The sponsors responded to committee questions and distributed amendments L.007 (Attachment B) and L.008 (Attachment C).

Mrs. Gini Pingenot, representing Colorado Counties Inc., testified to amend the bill.

Mr. Dave Paul, representing himself, testified to amend the bill.

Commissioner Cody Davis, representing Mesa County, testified to amend the bill.

Commissioner Jody Shadduck-McNally, representing herself, testified to amend the bill.

The witnesses responded to questions from the committee.

Brandon Stam, representing the Grand Junction Downtown Development Authority, testified to amend the bill.

Mr. Kevin Tilson, representing himself, testified to amend the bill.

The witnesses responded to questions from the committee.

Jaclyn Terwey, representing the Colorado Municipal League, testified in support of the bill.

Ted Zibell, representing himself, testified in support of the bill.

Matt Robinall, representing the Fort Collins Downtown Development Authority, testified in support of the bill.

Mrs. Katherine Correll, representing the Economic Development Council of Colorado, testified in support of the bill.

Ms. Kimberlee McKee, representing the Longmont Downtown Development Authority, testified in support of the bill.

Mr. William Shrum, representing Downtown Colorado, Inc., testified in support of the bill.

Mr. John Creighton, representing High Plains Bank and the Longmont Downtown Development Authority, testified in support of the bill.

Commissioner Kristin Stephens, representing Larimer County, testified in support of the bill.

Mark Ruzzin, representing Boulder County, testified in support of the bill.

Mr. Joe Rowan, representing the Fort Collins Chamber of Commerce, testified in support of the bill.

Mayor Joan Peck, representing the City of Longmont, testified in support of the bill.

Mr. Mike Kerrigan, representing the Division of Property Taxation, Colorado Department of Treasury, was available to answer questions about the bill.

The panel of witnesses responded to questions from the committee.

Discussion continued with the witnesses.

The bill sponsors made closing remarks and asked for a favorable recommendation.