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H_LG_2017A 01/18/2017 Committee Summary

Final

STAFF SUMMARY OF MEETING



HOUSE COMMITTEE ON LOCAL GOVERNMENT

Date: 01/18/2017
ATTENDANCE
Time: 01:31 PM to 01:34 PM
Coleman
X
Exum
X
Place: HCR 0107
Gray
X
Liston
X
This Meeting was called to order by
McKean
X
Representative Lebsock
Navarro
E
Ransom
X
This Report was prepared by
Singer
*
Juliann Jenson
Thurlow
X
Valdez
X
Wilson
X
Rosenthal
X
Lebsock
X
X = Present, E = Excused, A = Absent, * = Present after roll call
Bills Addressed: Action Taken:
HB17-1016

HB17-1026
Amended, Referred to HouseFinance

Witness Testimony and/or Committee Discussion Only





01:35 PM -- HB17-1016



Representatives Saine and Gray, sponsors, presented House Bill 1016 to the committee. The bill allows a governing body of a municipality to exclude the extraction from the calculation of the tax increment financing (TIF) of an urban renewal authority (URA). If a municipality elects to exclude this value, property taxes collected on mineral extraction in the URA are distributed to each taxing authority as if the approved urban renewal plan is not in effect.



The representatives responded to questions from the committee.



Representative Gray presented amendment L001 (Attachment A).



17HouseLocal0118AttachA.pdf17HouseLocal0118AttachA.pdf



01:47 PM --
Bruce Nickerson, Firestone Town Manager, testified in favor of the bill. He responded to questions from the committee.

01:58 PM --
George Heath and Samantha Meiring of Firestone testified in favor of the bill.

02:00 PM -- Kevin Bommer from Colorado Municipal League testified in favor of the bill.

02:02 PM -- Evan Goulding, Special District Association of Colorado, testified in favor of the bill.












BILL: HB17-1016
TIME: 02:03:55 PM
MOVED: Gray
MOTION: Adopt amendment L001 (Attachment A).The motion passed on a vote of 11-0, with 2 excused.
SECONDED: McKean
VOTE
Coleman
Yes
Exum
Yes
Gray
Yes
Liston
Yes
McKean
Yes
Navarro
Excused
Ransom
Yes
Singer
Excused
Thurlow
Yes
Valdez
Yes
Wilson
Yes
Rosenthal
Yes
Lebsock
Yes
YES: 11 NO: 0 EXC: 2 ABS: 0 FINAL ACTION: PASS
























































BILL: HB17-1016
TIME: 02:06:36 PM
MOVED: Gray
MOTION: Refer House Bill 17-1016, as amended, to the Committee on Finance. The motion passed on a vote of 11-0, with 2 excused.
SECONDED: Rosenthal
VOTE
Coleman
Yes
Exum
Yes
Gray
Yes
Liston
Yes
McKean
Yes
Navarro
Excused
Ransom
Yes
Singer
Excused
Thurlow
Yes
Valdez
Yes
Wilson
Yes
Rosenthal
Yes
Lebsock
Yes
YES: 11 NO: 0 EXC: 2 ABS: 0 FINAL ACTION: PASS





02:08 PM



The committee took a brief recess.





02:22 PM -- HB17-1026





The committee was called back to order. Representative Singer, sponsor, presented House Bill 1026 to the committee. A reverse mortgage provides a cash advance to the borrower based on the equity in the borrower's primary residence. Under current law, the borrower must repay the advance if he or she does not occupy the home as their primary residence, with exceptions for temporary absences of up to 60 days or, if the property is adequately secured, up to one year. This bill, recommended by the Wildfire Matters Review Committee, adds third exception to the primary residence requirement for borrowers who are unable to live in their home for at least 60 days and fewer than five years due to a natural disaster or an incident beyond the borrower's control that makes the home uninhabitable.



02:23 PM --
Terry Jones, representing Colorado Mortgage Lenders Association, testified in opposition. He answered questions from the committee.

02:50 PM --
Jenifer Waller, representing The Colorado Bankers Association, testified in opposition. She answered questions from the committee.















02:52 PM --
Paul Weissman, Boulder County Treasurer, testified in support of the bill. He answered questions from the committee. Committee discussion ensued





03:30 PM



Discussion was held about laying over the bill or not. Representative Singer asked for the bill to be laid over for a week or so. Representative Lebsock announced the bill will be heard on January 25th and put first on the calendar.





03:35 PM



The committee took a break.





03:44 PM



The committee reconvened.





03:52 PM



The committee adjourned.











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