Colorado Springs Business Journal April 21, 2017 by Colorado Springs Business Journal

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ALL THAT GLITTERS

Economic forecast optimistic for Pikes Peak region By Bryan Grossman

l Paso County residents are highly educated, younger than many expect and paid lower wages than peers in competitive regions throughout the state. Those were a few of the takeaways during Vectra Bank’s annual Pikes Peak Economic Forecast Breakfast, which took place April 18 at the Cheyenne Mountain Resort. Despite some hurdles, local data continues to point to strong economic growth in the Pikes Peak region, and particularly in Colorado Springs, according to presentations by Mayor John

Suthers and Tatiana Bailey, director of the UCCS Economic Forum [see By the Numbers, page 22]. “I bet you didn’t know this, but we’re really young,” Bailey said. “The [national] median age is about 38 and in El Paso County, it’s about 34.” Teller County has a median age of nearly 50 years old, she said. Regarding El Paso County, Bailey said prime working-age demographics are growing, “which bodes very well for our future workforce and our current workforce. So that’s good news.” As for higher education, those with a bachelor’s degree or higher make up

about 32 percent of Teller County and 36 percent of El Paso County. Colorado’s advanced education rate hovers around 39 percent and the national average is 31 percent. “We’re quite educated and that also bodes well for us moving forward,” she said. But, according to Bailey, the region still grapples with “structural issues,” including a low employment-to-population ratio and lower average salaries. In 2015, per capita personal income by MSA placed Colorado Springs below many of its state counterparts. Average local income was just below $45,000,

compared with just more than $45,000 in Fort Collins, more than $55,000 in Denver and $60,000 in Boulder. The national average in 2015 was about $50,000. Bailey also discussed housing and provided data indicating that in the fourth quarter of 2016, Colorado Springs had a median home price of $257,000, an 8.5 percent increase from the fourth quarter of 2015. Compared with the rest of the state, Denver saw a 7.9 percent increase during the same time, and the median price of a home in or near the state capital was $381,600. See Forecast page 26

Drones offer benefit for industries in Colorado By Cameron Moix

n a mild yet windy day on the Colorado plains last week, China-based drone manufacturer DJI (Dà-Jiang Innovations Science and Technology Co.) hosted an event to show off the potential benefits of its technology to industries including construction, inspection and emergency response. The event took place in an unexpected location: the sprawling flatlands of Elbert County Fairgrounds in Kiowa — located approximately 50 miles northeast of Colorado Springs — where DJI representatives and other organizers had ample space, no flight restrictions and structures on which to demonstrate the capabilities of their new line of aircraft. “It’s difficult to find places that fit all of those criteria,” said Adam Lisberg, DJI’s corporate communication director for North America. “So that’s why we’re here!” During the event, DJI employees spoke about and demonstrated how drone technology can be used as a safer and more efficient means to perform tasks related to inspections, emergency response, research and surveying. Pilots from DJI corporate — as well as one from the DJI Colorado retail store in nearby Lone Tree — flew mock operations near a cellphone tower and a large industrial building to illustrate drone capabilities. Although Lisberg said he would have preferred to host the event closer to Denver, its remote placement didn’t detract dozens of attendees from making the drive — or the flight — to attend one leg of a three-part U.S. roadshow in which the tech company previewed its new Matrice 200 series of aircraft. The company’s new line is designed with industry application in mind, and was created for use in a wide variety of operations: to carry payloads and glean information in search and rescue missions, to survey for new construction and other land uses, and to inspect wind turbines, power lines or the undersides of bridges. “This was created with your needs in mind — with the help of your feedback,” Matt Isenbarger, enterprise sales manager for DJI in North America, told the crowd. See Drones page 23

Photo by Cameron Moix

Local firms urged to build cybersecurity apprenticeships for next generation.

INSIDE

Legislative update ..........................5 Rosemont Reservoir.....................10 Focus: Retail (left) ........................12 Pueblo’s PR problem....................15 People on the Move..................... 20 UCCS: The Fed moves ................ 22 Other Voices................................. 25

EDITORIAL: BUILD WORKFORCE, GROW JOBS

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IN OUR OPINION

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Workforce development key to jobs The issue: While unemployment is low, there is a gap between the skilled employees needed and those seeking jobs. What we think: High schools, community colleges and universities should work together to train the next generation of workers.

Tell us what you think: Send us an email at editorial@csbj.com.

n Colorado Springs, the unemployment rate sits at 3.8 percent. In nearby Pueblo, the unemployment rate is 4.9 percent. Around the city, job fairs try to match the unemployed — or underemployed — with available jobs. And there are a lot of those. According to the Colorado Department of Labor and Employment, there are 11,000 job vacancies in Colorado Springs. So what’s the problem? It’s workforce development. The people seeking work do not have the skills needed to match the job openings. Officials say that hundreds of employers attend local job fairs, along with about 1,000 job seekers each time, but few matches are made. It’s a scenario that plays out all over the country. As jobs become increasingly high-tech, there are people left behind because they lack the skills to fill what were once guaranteed positions in construction or manufacturing. And there’s no easy, quick solution. The only way out of the conundrum is by educating people for today’s jobs. While community colleges and high schools are leading the way in creating that workforce, more needs to be done for the current crop of high school graduates. We need to make sure that those students have the tools they need to get a job. We need to let parents know that there are paths to success that don’t require a four-year university

degree. And we need to provide the necessary training to get them there. The local business community needs to support those efforts. High schools, community colleges and universities all need to know what businesses need, but also what they believe future needs will be. While the city demands an advanced education for positions like software development, it also needs people to fill jobs in cybersecurity that only require experience and certifications. It’s time to get creative and discover ways businesses can work with educational institutions to get people the right training for open jobs. If we can fill the high-tech, high-wage positions, everyone benefits. Jobs grow in service sectors as people have more disposable income. The housing market equalizes with wages, making it easier to afford a home. And the entire economy benefits. Programs that focus on science, technology, engineering and math are vital to the city’s future success — and those that focus on women and minorities are even more important. To create a level playing field, educational opportunities must be available to everyone. Skilled crafts like construction, plumbing, heating and air conditioning repair need to gain more attention in high school. Those jobs are important; they’re needed; they’re hard to automate. Fewer Millennials are selecting those blue-collar [hands-on careers? or? some other term that makes that unhelpful, divisive old definition disappear?] positions — even though they pay well — because we’re[our culture is currently?] more focused on a four-year college degree. We’ve made great strides, thanks to changes in local high school curricula, internships for transitioning soldiers at Mount Carmel Center of Excellence and programs at the Pikes Peak Workforce Center. But as the city grows, workforce development is going to remain a high priority. Let’s not lose sight of what is important: attracting high-wage jobs and training our workforce for the 21st century and beyond. CSBJ

It’s time to get creative and discover ways businesses can work with educational institutions.

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CSBJ.com Poll What’s your view of City for Champions at this point? C4C hasn’t been worth the actual and political expense. Still hoping for a downtown project to combine with the Olympic Museum. Nothing else matters as long as the Olympic Museum is built. Three out of four projects is still a success.

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Colorado Springs Business Journal

April 21 - April 27, 2017

OPINION: HAZLEHURST

A shakeup in the city’s governing class?

oes Colorado Springs have a permanent governing class? The April city election tossed that commonly held belief into the dustbin of history, but the election-night wag who said that “Boulder just moved to Colorado Springs” was wrong. This is a city dominated by the Republican Party. President Trump HAZLEHURST swept El Paso County in November, beating Hillary Clinton by more than 20 percentage points. Republicans dominate our legislative delegation, the Colorado Springs City Council and other partisan elected offices. No Democrat has ever represented the 5th Congressional District, and no Democrat has been elected to the county commission since 1970. Want to serve in elected office? If there’s a big blue D next to your name on the ballot, you may be S.O.L. Ambitious wannabes sign up with the Rs, and try for that bright red splash that will endear them to Republican caucus-goers and primary voters. Consider State Representative Dave Williams, who in 2009 was removed from his position as UCCS student body president for refusing to sign off on a request by Spectrum, a gay, lesbian, bisexual and transgender club on campus, for $2,100 in student activity fees to fund a “coming out day” observance. Whatever the merits of the case, it fast-tracked Williams, a smart guy with a long political career ahead — if he so chooses. Who’s the most powerful Republican in town? Not Doug Lamborn — he may be our guy in Washington, but his job is to respond to the needs of the business/ military structure. The city’s CEO and chairman of the

John

board is Mayor John Suthers, a veteran Republican elected official whom Colorado Springs voters overwhelmingly chose in a non-partisan 2015 election. He’s been an effective change agent, wrenching the city from years of dysfunctional political paralysis. Will a new council majority seize the reins and move the city in new directions, or will Suthers remain in control? Let’s take a look at our reconstituted city council, whose members are now in full, friendly kumbaya mode. Solid conservatives: Only Don Knight and Andy Pico really fit this category, and neither are hard-line righties. They’re smart, patient and do their homework. Knight’s attention to detail can be infuriating, but may be essential to bringing his new colleagues up to speed. “It’ll be good to work with Don,” said newly elected Council President Richard Skorman, who served on council from 1999-2007. “When I was on council before, we trusted Larry Small. For example, we knew that Larry had read and understood utility bond documents, and would let us know if there were problems.” Moderate conservatives: Merv Bennett, Tom Strand and probably David Geislinger. Bennett and Strand have consistently supported the mayor’s initiatives, and helped lead council away from the 2013-2015 era of confrontation. Elected without opposition, Geislinger was sensible enough to keep his mouth shut and his options open. Change agents: Yolanda Avila, newly elected President Pro Tem Jill Gaebler, Skorman, Bill Murray

— call them the Feisty Four. New initiatives will emerge from this group, but they’ll need help from their colleagues to move forward. Putting together coherent and sustainable council majorities has always been difficult, and doing so without the mayor’s support will be nearly impossible. Given the present popularity of the doughty Suthers, it’d take nine Bill Murrays even to try. Their best shot is to concentrate on utility issues. The mayor has no power over CSU, a situation that he may deplore but cannot remedy. The Feisty Four might want to hasten the demise of the Martin Drake downtown power plant, resetting its projected closing date from 2035 to 2025, or even earlier. They could also reset council’s strangely subordinate relationship with CSU management by scheduling board meetings at City Hall, rather than in a cramped and unfriendly CSU conference room. And while they’re at it, why not have twice-monthly utility board meetings, as well as dedicated staff? Council can also make land use decisions without risking a mayoral veto, thanks to our quirky City Charter. You can bet that the Feisty Four and the inquisitive Mr. Knight will delve deeply into the soon-to-be proposed details of the Banning-Lewis Ranch deal. And what about the Strawberry Fields land swap? If the appeals court rules against the city, will the new council agree to continue the fight, or revert to the status quo ante? We’ll see. Meanwhile, it looks as if it’ll once again be fun to cover city council. Guess I won’t have to move to Pueblo after all! CSBJ

Yolanda Avila, Jill Gaebler, Richard Skorman, Bill Murray — call them the Feisty Four

Technology can’t bring you happiness…

…unless it’s that funny YouTube video of a dog dancing.

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Cyberecurity apprenticeships bridge gaps By Helen Robinson

olorado Springs has no registered cybersecurity apprenticeships — but they could be what the city needs to fill serious gaps in the industry workforce. At Cybersecurity Industry Day April 10 at Catalyst Campus, government, tech and education leaders urged local firms to build and register cybersecurity apprenticeships. A common theme among speakers: Colleges alone can’t keep up with the demand for new cybersecurity employees, and many people with the aptitude and desire for the work can’t afford a cybersecurity education. “It’s a shift in how we’ve been hiring for generations in this industry,” Heather Terenzio, CEO and co-founder of Techtonic Group and Techtonic Academy, said after the event. Techtonic Academy, headquartered in Boulder, was recognized by the U.S. Department of

nation, it’s $27 for every dollar spent,” he said. From day one, companies pay a reduced wage, which increases as apprentices become more valuable through training, instruction and on-the-job learning. The distinction between an apprenticeship and a registered apprenticeship is important, Light said. A registered apprenticeship meets national standards for registration with the U.S. Department of Labor, mapping out an earn-and-learn program with specific requirements for job-related technical instruction. The industry-recognized certifications earned are “stackable and transferable,” he said. “When you’re filling out a resumé later on, if you have a registered apprenticeship program certificate from the U.S. Department of Labor, it carries as much weight as most college degrees because it’s a validation of the training,” Light said. “[There are] a lot of apprenticeship programs by name only, where [companies] hire people and kind of train them — but there’s no documentation behind it, there’s no qualification behind it, there’s no standard that you’re going by. “With the Department of Labor you can register your program and establish those standards — that’s all industry-driven. “We do not tell employers what you have to train on; the employers tell us... We customize every set of standards to meet the employer’s needs.” Formal apprenticeship programs have flourished for decades in Europe. More than 60 percent of Germans complete apprenticeships that mix work and school in diverse fields. But in the United States, the image of apprenticeships as union-bound, construction- and trade-based programs has persisted. That perception no longer works, Light said, pointing to IT apprenticeships at Amazon.com and JPMorgan Chase as examples of “today’s apprenticeships.”

Labor as the first registered technology apprenticeship program in Colorado almost a year ago. “Instead of hiring when you’re absolutely desperate for talent, you have to be thinking ahead of time, training up your talent and getting them ready… And you have to change the company culture into helping bring other people up — because the only way to hire right now is to poach from other companies, and there’s only a finite amount of cybersecurity professionals in Colorado Springs... “But if you’re creating your own talent pipeline, you can solve those issues for yourself.” Registered cybersecurity apprenticeships save employers money and allow workers to start careers skilled and debt-free, said Dudley Light, regional director of the U.S. Department of Labor’s Office of Apprenticeship. “The advantage to the company is that there’s about $1.50 return for every dollar that you spend; for the

Photo by Helen Robinson

See Cybersecurity page 9

Dudley Light, of the U.S. Department of Labor, describes the apprenticeship system to cybersecurity and educational professionals.

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ROUND TABLE May 8

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Colorado Springs Business Journal

General Assembly to decide on three major business issues

s the General Assembly wraps up its work for 2017, the fate of three bills that stand to change the fiscal and business landscape are still unknown. One bill could provide builders some protection from lawsuits, creating more affordable housing across Colorado. Another could ease concerns of rural and urban hospitals alike by restructuring the way the Hospital Provider Fee is counted in state revenue. The third could pave the way for widening Interstate 25 between Monument and Castle Rock, but could come with a price tag too high for businesses in Colorado Springs. And all the uncertainty could lead to a special session to work out discrepancies between the budget versions passed in the Democrat-controlled House of Representatives and the Republicancontrolled Senate. The next 19 days could be interesting. The construction defects bill that passed the Senate is the first ray of hope for the construction industry and retailers who have longed for an end to costly lawsuits. Current law makes it far too easy for condo owners to file a lawsuit, and once a suit is filed, the entire development is stuck until it is settled: Condos can’t change hands and builders can’t build more. The threat of legal action has kept builders from tackling more developments. It means fewer people buy, and as the percentage of renters goes up, fewer lenders will provide mortgages to people who might want to purchase their homes. Essentially, it removes an affordable entry point for homeownership, making it difficult for Millennials and retiring Baby Boomers alike. At one time, condos made up 20 percent of construction in Colorado. Thanks to Senate Bill 156, which requires arbitration before suits are fi led, that could happen in Colorado once again. And it’s important for Colorado Springs, as it strives to attract Millennials to fill its high-tech workforce needs. Senate Bill 156 doesn’t prohibit lawsuits, it just adds an additional step to seek solutions before suits are filed. We should not allow attorneys and legal advocates to stop the creation of more affordable housing. The Hospital Provider Fee currently is paid by hospitals in order to trigger matching federal dollars, most of which goes to treat people on Medicaid or without insurance. With $264 million projected to be cut from the state budget this year — effectively removing $528 million from budgets when federal money is included — some rural hospitals will have to close and even giants like UCHealth Memorial and Penrose-St. Francis Health Services will have to raise rates or further tighten belts. Thanks to Taxpayer’s Bill of Rights limitations, the provider fee being in-

cluded in the General Fund means that the state has to cut funding to balance the budget. Even in boom years, the state cannot plan for growth or development because of TABOR refund S W E E T requirements. The cuts are needed to balance the budget, supporters say. But there is a solution on the table. And let’s hope this time around reason prevails in Denver and the legislature agrees to move the Hospital Provider Fee to an enterprise fund. We don’t need to balance the budget on the backs of the state’s rural hospitals and our neediest residents. The final bill under consideration is one that would increase the state sales tax to raise much-needed transportation funds. House Bill 1242 would raise $677 million during the next 20 years for transportation projects. About 39 percent of the money would go to cities and counties to address transportation problems, while the state would keep 61 percent. An additional $3.7 billion in bonds — which the state would ask voters to approve along with the sales tax increase — would go toward high-dollar transportation projects. It sounds great, doesn’t it? Everyone knows the state needs more money for transportation and a combination of the Taxpayer’s Bill of Rights, Gallagher and Amendment 23 make it impossible to find that money in the state budget. And the state could use the money to widen Interstate 25 between Monument and Castle Rock. In the Springs, any new state tax would an addition to the city’s new tax increase passed to finally address its crumbling road surfaces. Passed with an overwhelming majority, the tax is paying, in part, to fill potholes around the city. An additional .62-cent sales tax will drive up the cost of goods dramatically inside Colorado Springs. It could force retail businesses to locate elsewhere or seek products and services outside city limits. Raising sales tax revenue should not be the only solution to the state’s infrastructure needs. As the legislature debates these bills, the Joint Budget Committee can’t solve discrepancies in the budget and provide funding for state schools and other needs. It could lead to a special session to pass the final budget this summer. The next few weeks will be decisive. Decisions made at the state level could affect real estate, health care and transportation here in the Pikes Peak region. Let’s wish for sound reasoning and judgment during the General Assembly’s remaining time. CSBJ

Amy G.

The next 19 days could be interesting.

April 21 - April 27, 2017

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Colorado Springs Business Journal

April 21 - April 27, 2017

ONE-ON-ONE

Jesse grows intelligent solutions, local jobs By Bryan Grossman

ay Jesse, president of local defense contractor Intelligent Software Solutions, was born in Denver but moved to Colorado Springs while in his early teens. He graduated from Mitchell High School before heading off to the University of Denver, where he earned a bachelor’s degree in computer science and, further down the line, his master’s. Just out of college, Jesse entered a stagnant job market and was unemployed for nearly a year. He flew to Chicago, Dallas and Los Angeles in search of work. “I was trying to picture what my future was going to look like, and I got a job offer from GTE Government Systems [now General Dynamics], which was about a mile from my parents’ house here in the Springs,” he said. Jesse spoke with the Business Journal this week about attracting the best and the brightest, as well as his company’s recent merger and the creation of Polaris Alpha. What did you want to do out of college? I wanted to write software in an area that favored science more so than business. I always had a dream it might do with the Space Shuttle, which I thought was the coolest thing ever. ... But by month seven or eight of being unemployed, I didn’t care. I just wanted a good job I could build on. GTE hired me to do defense work.

JAY JESSE There was no need to settle. But it’s gotten a little harder over the past year or two.”

Photo by Bryan Grossman

What were your thoughts when you landed in defense? It fit, and I thought it was cool. The work we do is technically challenging but feels like it has meaning too. ... It’s a pretty righteous type of work. You felt like you were either saving the lives of those in your military or making certain bad people’s lives harder. It’s a patriotic thing to do. How did you start ISS? In the 10 years I worked at GTE we built up a very entrepreneurial group inside the company. … There was a group of about 15 or 20 people who were going out and getting the work from the customers, but it wasn’t really moving the needle at GTE. We thought we could do better by our customers and started out on our own. We had customer relationships we could rely on through the Air Force Research Laboratory, which is a good place to start. Four of us, all software engineers, started ISS. Three were with GTE, and one was with Northrop Grumman. We had this idealistic view that we would quickly grow to 10 people — this was during the dot.com boom [of the late 1990s]. Channel Point had hundreds, maybe thousands, working here in the Springs, and they had left the defense sector and other sectors to work in this new frontier. It was the next coolest thing and defense was in the past. … In the software world, like today, it wasn’t hard to find a job. … We figured we’d leave, start a company and work for the Air Force, but we knew there was a huge appetite for commercial work. We were going to grow into a commercial entity, and it was going to be a lot of fun. None of that happened. We did end up working with the Air Force Research Lab, but that became our life. We never made the move into the dot.com world and after [Sept. 11, 2001], the tools we’d been building for data analytics

were in the right place at the right time. A year after 9/11 we were exploding. ... It was 2002, 2003 that we started to really grow, after the dot.com bust. There were bad stories here from MCI, Hewlett-Packard, Sun Microsystems — Channel Point collapsing. We were able to cherry pick some really nice talent, including leadership that came in and became the ground floor of ISS. It grew with leadership that could lead the next generation. What does ISS do? It’s done a lot of things over the years. It made its name on data analytics at a time when there wasn’t a lot of that. We made it a commodity. If you’re a defense contractor, you build a lot of one-offs for the government because they want very custom stuff. We built more commoditized stuff for the military that was reusable — data analytics; intelligence, surveillance and reconnaissance; command and control — then we became one of the biggest data analytics systems behind the efforts first in Afghanistan and then into Iraq. At our peak we had 10,000 to 15,000 users a day in theater. … Some of those users are Special Forces trying to figure out who lives in a certain neighborhood, and others are congressional staffers trying to manage staff. And you recently merged with other companies? In November we merged and became a much bigger company. There are two mid-sized companies, ISS and EOIR [Technologies], and two smaller intelligence community companies, Proteus and Intelisys, which built Polaris [Alpha], which didn’t exist before. A lot of people think Polaris came in and bought these companies. But the concept was built by the four companies and backed by a private equity firm in the D.C. area, Arlington Capital Partners. … The leadership that makes up Polaris Alpha is comprised of the leadership from these companies. The purpose behind Polaris Alpha is that we are leaders in several emerging areas — to include defense within space, cyber and the electromagnetic spectrum. Those are not areas heavily charted. They are evolving and we’re in a really good place to work with them. How do you differ from other companies? When you have special jobs, the people who fill those have choices. We try and help them understand they’re choosing a company with interesting work, and they can make a difference and be challenged, but they’re also coming into a culture that’s compatible with how they want to live their life. ... I’ve seen Colorado Springs have a huge concentration of engineering talent per capita, and they’ve moved away and come back. But there’s definitely a resurgence right now. More people are staying who have technical backgrounds and degrees, but there’s also been an influx of people. We’re on an upswing. Until recently we haven’t had trouble hiring highly talented people. There was no need to settle. But it’s gotten a little harder over the past year or two. The industry is starting to boom and there are more competitors in this space. The supply has not caught up with the demand. It will, but right now there’s a little more demand than supply. CSBJ n

8 April 21 - April 27, 2017

Colorado Springs Business Journal

SMALL BUSINESS

All That Glitters Location: 2616 W. Colorado Ave., Ste. 18 Established: 1976 Employees: 5 Photo by Cameron Moix

Cretee Nemmer (right) owns the Westside jewelry store, which she operates with the help of employees such as Carol Falls.

Contact: 719-475-7160

Colorado culture ingrained in All That Glitters N By Hannah Harvey

ot all that glitters is gold. It can also be silver, platinum or adorned with a handmade rendering of Pikes Peak. This is what All That Glitters, a locally owned jewelry shop located on West Colorado Avenue in Old Colorado City, specializes in. “We work in all metals — gold, silver, platinum, yellow gold, white gold, rose gold and combinations of different metals,” said Cretee Nemmer, owner of All That Glitters. Nemmer has owned the shop since 1996, after buying it from her ex-husband, who owned it the six years prior. The shop was previously owned by Tom Tyma, who established it in 1976. Jewelry was a family business for Nemmer, who had a small family-owned shop in Texas before buying All That Glitters. When Tyma wanted to retire, a door opened for Nemmer in Colorado Springs. Now, All That Glitters specializes in a variety of bracelets, earrings, pendants and necklaces, rings, as well as their signature mountain bands, which range in price from $855 to $2,200. The bands are created by local jeweler Steve McHone, who has designed a dozen variations of mountain scenes on the bands, including Pikes Peak, the Boulder Flatirons and depictions of elk and bears, according to Nemmer, who said that the rings are the shop’s most popular pieces. “We’re unique in the fact that we do focus on artistic talent in our jewelry,” she said. “We tell a story of someone’s life.” All That Glitters has two master jewelers — Mark

Covington and McHone — who work out of studios separate from the shop. Jewelry designs cater to every customer from Millennials to older buyers, said Nemmer. “We try to focus on more youthful designs; a lot of brides don’t want diamonds. They want something not as precious. A lot of girls are going with gems that are not as expensive,” she said. The shop specializes in gemstones like amethyst, opal and sapphire, which the shop buys from gem cutters from around the world. There are a variety of designer cuts and colors from which customers can choose. According to Nemmer, the shop sees 200 customers per week. Not everyone is purchasing a mountain band or ring though — most people come through to look at what the shop has to offer. “We’re kind of a destination. Some buy, but a lot don’t,” said Nemmer. Recently, the shop moved into a smaller space and cut back on employees. Prior to the move, Nemmer had five full-time employees working in the store, and a couple jewelers working at other studios. Now, along with Nemmer, there is one other employee who works in store. The two jewelers and a watchmaker make up the rest of the employee base. “We don’t need the personnel we had before,” said Nemmer. Aside from All That Glitters’ handmade jewelry, it attracts the attention of the community through its family-friendly atmosphere and charitable business practices. Nemmer said that while the shop does have

competition, they’re able to set themselves apart. “Our difference is that we do handmade, one-ofa-kind jewelry. A lot of stores have products that are readily available. We start with a drawing, to the wax model, then the stone, taking customers through the whole process,” she said. All That Glitters also gives back to the community, donating to organizations like TESSA (which offers support to victims of sexual assault and domestic violence), the Wounded Warrior Project and children’s advocacy groups. The shop is also regularly called to donate to silent auctions. The one aspect of her business that Nemmer would change if she could go back, however, is how her business is represented online. “I would be more computer-savvy and build a better website,” she said. “We do Facebook, and we have an Instagram, but I’d like to be a little bit more knowledgeable because that’s how young people shop; they certainly do their research.” For Nemmer, the business is really about making lasting memories and experiences for the people who come in. “We’re in a tourist location; a lot of people like to buy jewelry to remember where they were,” she said. “We get to participate in a lot of family milestones — weddings, babies, Mother’s Day, things that relate to individuals. We get to participate in people’s lives; we get to see a lot of happy people.” CSBJ

We try to focus on more youthful designs; a lot of brides don’t want diamonds.

Colorado Springs Business Journal

April 21 - April 27, 2017

Cybersecurity: New model to build skilled workforce always been a fan of the apprenticeship model that I saw in Europe, so we decided to create that here in the IT Jennifer Jirous-Rapp, experiential world,” she said. “We bring people on learning and apprenticeship coordiwho probably couldn’t have afforded a nator with the Colorado Department boot camp or a university or sometimes of Labor and Employment, said there is even a community college. We pay them “not a boxed model of what an apprenon Day One, and we give them the opticeship program is — it’s very diverse, portunity to have a career in software and it works in a way that fits the needs development.” of a particular business or a particular Techtonic’s apprentices have been a industry. It’s wide open. That’s one mesvaried group. Some never finished high sage that we really feel strongly about school; some had GEDs or one year of getting out.” college; some were working at fast food The Obama administration expanded jobs when they came on board. They registered apprenticeship programs as a have gone on to tech jobs at Accenture, means to create better access to secure IBM and Lockheed Martin. jobs, with the U.S. Department of Labor Companies hiring only out of colleges announcing $90 million in funding miss important talent, Terenzio said. through the ApprenticeshipUSA initia“Most people coming out of the college tive in April 2016, to double apprenticesystem are all spoken for long before ships by 2018. they graduate, and colleges can’t genIn October, an additional $50.5 milerate employees fast lion was awarded enough. So we have to states to engage to be more creative employers and exaround workforce pand programs. Of development and that, Colorado reemployees,” she ceived $1.8 million said. to create nine new Apprenticeships apprenticeship pro— Heather Terenzio also shorten the ongrams. Funding is ramp for job compeintended to support tence and help address the rapid pace the launch of apprenticeship models of change that challenges cybersecurity in high-growth industries, including education. IT, high-tech services and advanced “We’re teaching on real clients and manufacturing. real projects with deadlines and changApprenticeshipUSA statistics show ing requirements and technologies, so there are now more than 21,000 regiswhen people work with us ... they’re tered apprenticeship programs nationliving in the real world with software wide, with 1,700 established in 2016 development 40 hours a week,” Terenzio alone. said. Terenzio said registered apprentice“So, unlike college where you kind of ships would have a major impact on go away for four years, you’re hands-on the cybersecurity workforce pipeline dealing with real live clients and live because “it opens up the door to a whole projects and problems and helping to new population of workers,” also allowsolve issues day after day. And as teching companies to cut recruitment costs nologies change for our clients, we’re and avoid understaffing. pivoting and changing as well.” When Techtonic Group launched its Jirous-Rapp described several paths apprenticeship program three years to creating a registered apprenticeship ago, “we were seeing a real need in the program. In one model, an individual industry for new talent coming in... but business can provide its own in-house not everyone could afford to take six training; in another, a community colmonths off and afford to pay $20,000 lege can be the training provider; or a or $30,000 to attend a [cybersecurity] group of companies can collectively creboot camp,” she said. ate a registered apprenticeship program “We were also hearing a lot about tryin which their apprentices receive the ing to get more women and minorities education component at an institute. in technology and to us, there seemed Industry associations, community to be a big disconnect. colleges and workforce centers can “I lived in Europe as a kid and I’ve From page 4

“We were seeing a real need in the industry for new talent.”

Registered apprenticeship resources Quick-Start Toolkit: doleta.gov/oa/employers/apprenticeship_toolkit.pdf The Federal Resources Playbook for Registered Apprenticeship: doleta.gov/oa/federalresources/playbook.pdf also become “apprenticeship sponsors,” working with businesses and administering the apprenticeship program, she said. With the $1.8 million grant from the Labor Department, Colorado will “build an infrastructure that supports registered apprenticeships better, because we see the value in the system, the value for employers and the value for the apprentices that work in these programs,” Jirous-Rapp said. The Colorado Department of Labor and Employment is working closely with Pikes Peak Community College and Pikes Peak Workforce Center to gather feedback, support industries starting registered apprenticeships and streamline the registration process. Debbie Sagen, vice president of workforce development at PPCC, said the college launched its new Cyber Prep program in October, an employer-led partnership to develop an early cyber pipeline for middle- and high-school students. PPCC has also committed to exploring registered apprenticeships, she said, and intends to start providing the academic component of apprentice-

ship programs on the non-credit side, backed by industry certification. “We want what they teach to be thoroughly tested and backed by theory… but we also know we have to be nimble; that there are skills people need to learn right away, because industry demands it,” she said. PPCC students also fit the bill for cybersecurity apprenticeships, with active duty military members, veterans and military dependents making up 26 percent of the student body, Sagen said. “We think we have the right population, the right community, and what we want to know from you as employers is: Are you ready to take that journey with us and start an apprenticeship program?” she said Pikes Peak Workforce Center offers assistance in developing apprenticeship standards and completing paperwork. Light said the labor department is also ready to help companies start registered apprenticeships. “All of our services are at zero cost to the employer and to the apprentice,” he said. “It’s really your tax dollars at work.” CSBJ n

big event. small event. same great food.

CALL:

719-635-0200 Photo by Helen Robinson

PPCC’s Debbie Sagan talks about the workforce pipeline to Cybersecurity Industry Day participants.

See our menus at BuffaloGalsGrilling.com and PBCatering.com

10 April 21 - April 27, 2017

Colorado Springs Business Journal

One day • 12+ lofts and apartments

Analysis: Could Rosemont be the next Strawberry Fields? By John Hazlehurst

S Join the first-ever Downtown Urban Living Tour! A self-guided, insider’s look at living in the walkable, social, connected neighborhood of Downtown Colorado Springs. • Three brand-new lofts at the Bijou Lofts; 117 E. Bijou St. • Three modern apartments at Blue Dot Place; 412 S. Nevada Ave. • Two unique lofts at the Daniels Lofts; 104-108 N. Tejon St. • Three diverse residences at the Giddings II Lofts; 108 E. Kiowa St. • Two historic lofts at The Warehouse; 25 W. Cimarron St.

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ometime this summer, the Colorado Springs City Council, acting as the Utility Board, will begin the process of deciding what to do about Rosemont Reservoir, an impoundment that supplies irrigation water to The Broadmoor hotel. As the Business Journal reported last July, Colorado Springs Utilities had been engaged in periodic negotiations with The Broadmoor, which may be interested in acquiring the reservoir, the land that surrounds it and the pipeline that transports water to The Broadmoor. CSU noted that there were concerns about the cost of maintaining and/or replacing the deteriorated pipeline that carries Rosemont water to Broadmoor golf courses. But as the furor over the city’s proposed land swap with the hotel grew, those negotiations were put on hold.

THE PROBLEM Rosemont water flows through a pipeline that requires expensive upgrades. “The pipeline goes through really rugged country,” said former Council President Merv Bennett. “It’s rocky, pristine forest, with very steep slopes. It also passes through land under several different ownerships. It would be a very difficult, expensive process — I’ve been told it would cost about $50 million to replace the pipeline.” CSU Chief Planning and Finance Officer Bill Cherrier confirmed that the pipeline is cause for concern. “We’ve talked about it for 10 years,” he said. “When there was so much discussion about the [Strawberry Fields] land swap, we decided to defer this,” Bennett said. “We thought it would be better to wait until after the election.” CSU CEO Jerry Forte said, “We wanted to wait until the new councilors had time to get up to speed. When we do bring it, I can promise that it will be an absolutely open and transparent community process. I have no agenda and no preconceptions.” Why would The Broadmoor want to acquire the reservoir and the remnants of the system it once owned? And • Rosemont Reservoir holds 2,543 acre/feet, or 826 million gallons, compared to Rampart Reservoir — 39,895 A/F, or 13 billion gallons. • Gould Creek and East Beaver Creek feed Rosemont. The city owns senior water rights in each. • The average annual available supply from Rosemont was reported to be 5,570 acre-feet in a CSU survey of the water system. • Built in 1932 by The Broadmoor,

why has CSU deferred maintenance for decades? “We lose 50 percent of the water that comes down the pipeline,” said Bennett. “And it only serves one customer — The Broadmoor Golf Course.” Such inefficiency is a consequence of Rosemont’s small size and the limited market for its water. If the pipeline were to become unusable, CSU would likely discontinue deliveries rather than repair the system, allowing the water to flow freely to downstream users. That might not be in the Broadmoor’s long-term interests. By acquiring the system and investing $50 million to upgrade it, the hotel would have a permanent, uninterruptible and drought-protected water source. That would insulate the company from the problems encountered in 2002, when the hotel’s golf courses were conspicuously exempt from landscape watering restrictions, as well as protecting it from periodic rate increases. Will the proposed deal spark the same angry controversy that surrounded the Strawberry Fields land swap, and may have affected the outcome of the April elections? And if CSU gets out from under a $50 million repair bill, and pockets a few million for the water rights, would that be a good deal? Those questions can’t be answered until the process continues. But it’s already clear that the activists who opposed the land swap will be paying attention. “It may very well be a done deal,” said former County Commissioner Jim Bensberg, an ardent opponent of the land swap, “but I hope that the new Utilities Board will give more deference to the wishes of its ratepayers than the previous council gave to public land advocates in the Strawberry Fields debacle.” It all seems speculative at this point — at least from The Broadmoor’s standpoint. According to Broadmoor CEO Jack Damioli: “We have not had a substantive discussion with CSU about the Rosemont Reservoir or pipeline in almost a year and no discussions are scheduled.” CSBJ n

Rosemont Reservoir was acquired by the city in 1979, when the city council decided to annex The Broadmoor and surrounding neighborhoods. Shortly after the annexation, the city acquired the system from the hotel and integrated it into CSU’s portfolio. • Water from Rosemont and other sources on the Pikes Peak watershed are “first-take” water — renewable, sustainable and free of contaminants.

Colorado Springs Business Journal

April 21 - April 27, 2017

2017 Summer Junior Golf Programs Classes Will Be Held at Valley Hi and The Learning Center

SUMMER KICK OFF:

One- Week Camp at Valley Hi June 5-9, 2017 Ages 5-9 ........................................9:00-10:00am .............. $40 Agest 10+ ......................................10:30-11:30am ............ $40

SIX-WEEK PROGRAM: June 12- July 28 (excluding July 4th week)

Monday Par (Certified) ..............................9:00-10:30am .............. $70 Birdie/ Eagle (Certified)...............11:00-12:30pm ........... $70 Ages 5-9 @ Learning Center ........4:30-5:30pm ............... $70 Tuesday PLAYer A-1 ( 7-8) .........................9:00-10:00am .............. $70 PLAYer B-1 ( 9-11) .......................10:30-11:30am ............ $70 Wednesday Tiny Tee’s-1 (5-6) ........................9:00-10:00am .............. $60 PLAYer A-2 (7-8) .........................10:30-11:30am ............ $70 PLAYer B-2 (9-11) ........................12:00-1:00pm ............. $70 Ages 10+ @ Learning Center .......4:30-5:30pm ............... $70 Thursday Tiny Tee’s-2 (5-6) .........................9:00-10am ................... $60 Teen (12+) ....................................10:30am-12:00pm ...... $70

THREE-WEEK PROGRAM:

(Friday’s Only!) Session #1 ( June 16, 23, 30) Ages 5-9 ........................................9:00-10:00am .............. $30 Ages 10+ .......................................10:30-11:30am ............ $30 All Ages @ Learning Center .........4:30-5:30pm ............... $30 Session #2 ( July 14, 21, 28) Ages 5-9 ........................................9:00-10:00am .............. $30 Ages 10+ .......................................10:30-11:30am ............ $30 All Ages @ Learning Center .........4:30-5:30pm ............... $30 Classes subject to change.

12 April 21 - April 27, 2017

Colorado Springs Business Journal

Focus

RETAIL

Shutterstock

Amid closures, retailers weigh online benefits J By Lorna Gutierrez

CPenney. Macy’s. Sears. Kmart. These brands have been around for generations. Now, in an increasingly competitive environment, many of these stores are closing. The nationwide mix of closures has also hit retailers including Payless ShoeSource (400 stores), Abercrombie & Fitch (60 stores), Guess (60 stores), Wet Seal (171 stores), Staples (70 stores) and CVS (70 stores).

Colorado Springs is holding its own in the midst of the closures, though — and that is perhaps a testament to a city that is showing strong economic progress, as smaller retailers continue to grow. Take, for instance, University Village on North Nevada. Both UCCS and Westsiders have reaped the benefits of the new hot spot’s growth, anchored by Lowe’s and Costco and populated by several smaller retailers and a variety of restaurants. “One of the aspects of Colorado

Photo by Lorna Gutierrez

Macy’s is one of many retailers closing stores nationwide. Some local retailers avoided the cuts.

Springs is that we have a good balance between big city and small town,” said Dirk Draper, president and CEO of the Colorado Springs Chamber & EDC. He added that being able to see and access goods is an essential part of the buying experience of many consumers. And those retailers taking a hit? Online competition can, in part, take the blame. According to a recent report by Women’s Wear Daily, online retail sales amount to $201 billion annually (accounting for 180 companies tracked by eMarketer). The top 25 retailers accounted for $159 billion of that, or about 80 percent. Amazon.com, Walmart and Apple took the top three spots. And of those 25 retailers, 18 of them also operate brickand-mortar stores. Sears Holding Corp.’s online presence, which includes both Sears and Kmart, currently accounts for 7.9 percent of its revenue. JCPenney.com has seen double-digit revenue growth of its e-commerce site, and 75 percent of its online orders passed through a physical store, according to a recent JCPenney news release. However, the company is in the process of closing 138 stores (approximately 13 percent of the company’s store portfolio, which represents less than 5 percent of

total annual sales), as well as two distribution facilities. JCPenney decided to invest more in stores focusing on beauty, home wares and specialty clothing sizes, as they generate significantly higher sales. The cost savings is estimated at approximately $200 million. “While any actions that reduce or exclude our presence in communities across the country is always difficult, it is essential that JCPenney continues to evolve in order to achieve long-term growth and profitability and deliver on shareholder value,” said Marvin R. Ellison, chairman and chief executive officer of JCPenney. About 6,000 workers are affected and will qualify for a voluntary early retirement program. JCPenney representatives say more workers are eligible for the program than will be affected by the closures. JCPenny’s Colorado Springs locations will remain open but four locations in Colorado (Fort Morgan, Glenwood Springs, Longmont and Sterling), will close. A surprise to some, perhaps, would be the faith Amazon.com has in the brickand-mortar model, as it has begun setting up physical bookstore locations in cities throughout the country.

Colorado Springs Business Journal

April 21 - April 27, 2017

NEXT WEEK

BANKING QUARTERLY cal food vendors as we possibly can,” said Palos. Poor Richard’s also has loSo what is a brick-and-mortar store’s cal jewelers, artists and photographers greatest asset? Sometimes it’s an experepresented. rience online shopping can’t offer. And Studies show that locally sourced sometimes that comes in the form of a products have proven to be an importunique boutique. ant issue for Millennials and younger Leah Fitzgerald, a manager at Terra Gen Z consumers. Verde, a popular downtown boutique “It’s a longer race, as opposed to a that has been serving its Colorado short-term race,” Palos said about avoidSprings clientele for nearly 25 years, ing mass-marketed consumer goods. “In said it’s the experience of exploring that the long term you win because, even brings customers back — that and custhough you may spend more money, tomer service. people want to go places where they feel “No matter what, customers come their values are represented.” first. You don’t get that online,” she said. Colorado Springs Draper said that was recently voted while Colorado one of the top metro Springs has seen areas to start a busisome closures since ness by CNBC. The the recession, many city, coming in at No. retailers are not only 13, is noted for havholding their own, ing access to the large but are thriving. Denver metro market One of those as well as the smaller, businesses is Poor but reputable, Pueblo Richard’s, which market. In addition, a has stayed strong competitive tax envias a downtown staronment (corporate ple through good income tax is 4.63 times and bad. With percent) as well as a 54 employees, it’s — Laszlo Palos fairly low cost of livwithstood the test of ing, aids the ranking. 45 years — and, acCraig Lebsack, secording to its Chief nior leasing representative of POAG Operating Officer Laszlo Palos, it pays Shopping Centers, which counts The more than a living wage. Promenade Shops at Briargate as a cliMany factors go into making Poor ent, sees Colorado Springs as an ideal Richard’s, and any store for that matplace for retail. ter, successful. Its decades in business “Colorado Springs is an attrachave meant spanning generations of tive market for several reasons,” said customers. Lebsack. “The local economy is fairly “We have children that used to play diversified with the local government, back in the play area in the restauthe Armed Forces are located there and rant now come in with their own kids. it’s a growing area that’s attracting new, Regardless of age, every customer is high-tech industries, which is attractive important to us. … If they have fond to retail businesses. memories, they come back,” Palos said. “Another important factor is it is the In addition, it recognizes the value of second-largest MSA in Colorado and offering customers locally sourced prodis attractive to tourism — Colorado ucts, including gluten-free breads from Springs is the gateway to Pikes Peak,” a family-owned and -operated compahe added. “There are a lot of good attriny, Outside the Breadbox, which has a butes to Colorado Springs … retailers bakery in Old Colorado City. recognize all of those things.” CSBJ “We try to source [from] as many lo-

UNIQUE BOUTIQUE

“In the long term you win because, even though you may spend more money, people want to go places where they feel their values are represented.”

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Friday Night Fireworks all season long!

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14 April 21 - April 27, 2017

Colorado Springs Business Journal

THE LIST: SHOPPING CENTERS

Shopping Centers

Ranked by Square Footage

Just Missed The List

Ranked by Square Footage

Chapel Hills Mall 1710 Briargate Blvd. Colorado Springs, CO 80920

Website Email Phone/Fax chapelhillsmall.com victoria.harley@cblproperties.com 719-594-0111/719-594-6439

The Citadel 750 Citadel Dr. E., Ste. 3114 Colorado Springs, CO 80909

shopthecitadel.com info@shopthecitadel.com 719-591-5515/719-597-4839

1,096,781

Dillard's, JCPenney, Burlington Coat Factory, Sportsman's Warehouse, Vino Colorado Winery

Spinoso Real Estate Group

First & Main Town Center 3650 New Center Point Colorado Springs, CO 80922

firstandmaintowncenter.com info@nor-wood.com 719-955-6060/719-633-0545

986,674

Cinemark IMAX, Best Buy, Dick's Sporting Goods, JCPenney, Lowe's, Target, TJ Maxx

Nor'wood 2000 Development Group

University Village Colorado 5342 N. Nevada Ave. Colorado Springs, CO 80918

uvcshopping.com johnwinsor@olivereg.com 719-575-0075/719-575-0065

650,000

Costco, Kohl's, Lowe's

Diamante Property Services

Mission Trace Shopping Center 3001-3287 S. Academy Blvd. Colorado Springs, CO 80916

craddockcommercial.com matt@craddockcommercial.com 719-630-2233/719-630-2239

269,000

Family Dollar, Key Bank, H&R Block

Craddock Commercial 1985 Real Estate LLC

Barnes Marketplace 5808 Barnes Rd. Colorado Springs, CO 80922

245,412

Hobby Lobby, Bed Bath & Beyond, Costco, Old Navy, Sierra Trading

Nor'wood 2007 Development Group

norwoodinteractive.com/barnes-marketplace fsenti@nor-wood.com 719-593-2600/719-633-0545 Marketplace at Austin Bluffs amcap.com North Academy Blvd. & Austin Bluffs Pkwy. bsoper@amcap.com Colorado Springs, CO 80918 303-321-1500/303-321-0662

226,626

King Soopers, 24 Hour Fitness, Ace Hardware

AmCap Inc.

1974

The Promenade Shops at Briargate 1885 Briargate Pkwy, Ste. 503 Colorado Springs, CO 80920

thepromenadeshopsatbriargate.com dmiller@poagllc.com 719-265-6264/719-268-0738

225,000

Anthropologie, Pottery Barn, Pier 1, Ulta Salon

Poag Shopping Centers

2003

Ridgeview Marketplace Stetson Hills & Powers Blvds. Colorado Springs, CO 80928

ridgeviewmarketplace.com info@ridgeviewmarketplace.com 719-243-6400

204,878

T-Mobile, H&R Block, The UPS Store, Starbucks, Orangetheory Fitness, Comfort Dental, Supercuts

Griffis/Blessing Inc.

2004

Broadmoor Towne Center 2140 Southgate Rd. Colorado Springs, CO 80906

lesa.mayhew@cbre.com 719-573-1122

176,792

Home Depot, Sears, Bed Bath & Beyond, N 24 Hour Fitness, Panera Bread, PetSmart, Gordman's

CBRE

2000

Rank

11 - Garden of the Gods Commerce Center 12 - Gateway Village Center 13 - Crossroads at Citadel

To purchase your own Book of Lists or the full Shopping Centers List, call Cristina Jaramillo at 719-634-5905

Don’t miss The List April 28: Credit Unions May 5: Financial Advisers May 12: Law Firms

From The Book of Lists & Power Pages

Name Address

Total Square Anchor Footage

Enclosed

1,100,000

Burlington, Dick's Sporting Goods, Dillards, Gordmans, Macy's, Sears and AMC Chapel Hills 13

Property Management Company CBL & Associates Properties

Year Built

1972

1982

2009

NR- not ranked, indicates that the information necessary for ranking was not provided. N/A- not available. While every attempt is made to ensure the thoroughness and accuracy of the list, omissions and typographical errors may occur. Please send additions/corrections to cristina.jaramillo@csbj.com.

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Colorado Springs Business Journal

April 21 - April 27, 2017

PUEBLO BUSINESS NEWS Photo by Cameron Moix

Community battles gritty perception By Cameron Moix

he number of homicides and burglaries in Pueblo dropped substantially last year, as other violent and non-violent crimes — such as robberies and theft— continued to rise, according to data from the Pueblo Police Department. The homicide rate in the southern Colorado city dropped from a total of 13 cases in both 2014 and 2015 to 8 in 2016 — the first decrease since 2013 — according to a crime index from the Pueblo Police Department’s “Annual Report 2016.” According to the report, which has not yet been released in its entirety, the number of burglaries in Pueblo also dropped from its 2015 peak of 2,053 cases to 1,737 last year. “I would say that the overall trend right now is that crime is going down — if you look at everything as a big picture,” said Capt. Kenny Rider, who works in the Community Services Division at the Pueblo Police Department. While those statistics are positive for a community that has in recent years been characterized as Colorado’s most dangerous city (based on per-capita statistics), some crime is on the rise: certain types of property crimes and assaults, for example. Throughout 2016, robberies increased from 186 in 2015 to 223 in 2016; aggravated assaults increased from 218 in 2015 to 546 in 2016; sexual assaults increased from 147 in 2015 to 153 in 2016; larcenies/ thefts increased from 4,422 in 2015 to 4528 in 2016; vehicle thefts increased from 915 in 2015 to 1,198 in 2016; and

arson crimes increased from 36 in 2015 to 49 in 2016. “Our property crimes remain high, and I think that has a lot to do with the heroin problems we’re facing right now,” Rider said. “And 2015 was a bad year for us: That’s when we were dealing with a lot of gang activity, but that seems to have settled down a little bit.” Pueblo’s problems with drug abuse and crime are largely concentrated in its poorest neighborhoods, located in the east-central and south-central parts of the city. “Those are definitely lower-income areas, and have always been high-crime areas,” Rider said. “It doesn’t really matter what [crime statistics] you’re looking at — it seems like everything is always higher in those neighborhoods.” Jeff Shaw, president of the Pueblo Economic Development Corporation, said he agrees that there are certain neighborhoods that have been hit hard by crime and poverty, but that it hasn’t done much to prevent economic growth citywide. “Our mission is retention, attraction and expansion … and our prospect pipeline has never been stronger,” Shaw said. “I would say that our business climate is better than it has been in decades.” As part of Shaw’s job with PEDCO, he regularly works with companies that are currently located in Pueblo, as well as those considering a move to the town. He said that despite years of negative news coverage and undeniable crime statistics, it isn’t something that See Crime page 16

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16 April 21 - April 27, 2017

Colorado Springs Business Journal

PUEBLO BUSINESS NEWS

Crime: Growing economy one way to improve image From page 15

prevents those serious about doing business in Pueblo from coming or staying. “We have prospects who will ask about crime rates, but certainly not on a regular basis,” Shaw said. “Is crime an issue in Pueblo? Crime is an issue everywhere. … There are certain parts of the community that have really struggled, but it hasn’t affected the business community — at least as far as [PEDCO] is concerned.” Shaw and other Pueblo business leaders say the problem that besets their community is less about the crime itself and more about its perception. Larry Atencio is a Pueblo city councilor who represents District 2, which includes the east-central neighborhoods with some of the city’s highest rates of both poverty and crime. He said he agrees public relations is paramount. “It is my perspective that Pueblo really doesn’t have a higher crime rate than probably most other cities,” Atencio said. “I just don’t think we’re this crime-ridden, terrible place. … I think the reputation that Pueblo has had over the years is a bigger problem than anything else. Overcoming that reputation is really rough.” Atencio said the city’s crime rate hasn’t been a deterrent for businesses

in his district, but admitted there are certain types of crime that have grown in poorer communities since the decline of Pueblo’s industrial economy. For decades the CF&I steel plant in south Pueblo was the region’s largest employer, providing good-paying jobs to 7,000 locals. But Pueblo’s post-war period of prosperity began to fade in the ’80s, as manufacturing companies began outsourcing jobs internationally. By the ’90s, CF&I’s statewide employment had fallen from 13,000 to just 1,300 as other Pueblo manufacturers also suffered, leaving thousands in the city impoverished. Decades after the decline, Atencio said the community is beginning to recover thanks to a growing economy and more-diversified business scene. “Our transition to modern economic success has been slow in coming,” Atencio said. “In changing a whole community from lunch-bucket, blue-collar industrial to a real modern economy, I think we’re finally turning a corner. It has taken us this long to really make some good strides in diversifying our economy.” In response to the community’s high crime rate and the negative impact it has had on the city’s public persona, Pueblo created a program called the Southern Colorado Safe Streets Task

Photo by Cameron Moix

Despite high rates of property crime in some neighborhoods, Pueblo officials say the city is safe.

Force that has found success in crime prevention and quelling gang activity by publicizing the names and photos of wanted criminals via local media outlets. And thanks to steadily increasing tax revenue, the annual budget for the Pueblo Police Department has grown from $26.2 million in 2013 to $28.7 million this year. The police department has also applied for an Office of Community Oriented Policing Services grant to fund seven new police officer positions and a grant from the U.S. Department of Justice that would pay for new body cameras and software. As the police continue to do their jobs in fighting crime in the area, local officials in the business community said they will continue to do their part in defending Pueblo’s reputation as a busi-

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ness-friendly community with a few bad neighborhoods. “We have about 990 business members in our chamber and we don’t hear a lot of concerns from them in terms of the crime rate,” said Rod Slyhoff, president of the Greater Pueblo Chamber of Commerce. “I think our members feel that things are positive right now in Pueblo. … But anywhere you’re at, crime affects business; and we’ve been able to demonstrate to people that we’re really no different than any other community in the country. … We’re really working very hard to make Pueblo a safe destination for tourists, as well as a safe place to do business. That is unfortunately — no matter where you are in the world — a job that I think you have to work at every day.” CSBJ n

Colorado Springs Business Journal

April 21 - April 27, 2017

YOUNG PROFESSIONAL

Pueblo entrepreneur balances multiple businesses

Photo by Ashleigh Hollowell

By Ashleigh Hollowell

ainted on the door of Matt Smith’s office at his Pueblo West Snap Fitness gym, is the quote: “An entrepreneur is someone who jumps off a cliff and builds a plane on the way down.” That is and has always been how he has lived as a business owner, he said. Smith is a Pueblo native who graduated from East High School. He attended Colorado State UniversityPueblo briefly before deciding college was not for him and diving headfirst into owning multiple local businesses. Smith is now raising his own two children in the same southern Colorado town in which he grew up. In addition to owning and operating a handful of businesses, Smith also has a full-time job at the Denver Mattress Company as a store manager. In 2017, one of the major businesses Smith owns, Snap Fitness, will undergo a $3 million expansion, but his business goals for 2017 don’t stop there. How many businesses do you currently own and operate locally? Five: Snap Fitness; Pure Spa and Wellness; Mister

Penguin Tuxedo Sales and Rentals; Pueblo’s Best Carpet Cleaning; and now we’re just expanding that to Pueblo’s Best Total Services. And then I do ... real estate, and then I have a full-time job at Denver Mattress Company. I’m a store manager, I’ve been doing that for 18 years. I’ve been there since I was about 19. Then I started doing other things on the side and those have grown. I’ve got two kids now, so the goal is to make everything work for me to retire and enjoy my life. I think that’s important.

I’m blessed to say I’ve owned eightplus businesses in this town and not one of them has ever gone under.

How did you become interested in owning a business? At 20 years old I bought a house and then, at 22, I bought my second house and got into the real estate market pretty heavily. I started fi xing and flipping houses and learned a lot more about that. I bought a house in Arizona, fi xed it up and sold the house eight months later and saw significant profit. So it started with real estate, but I’ve always been selling stuff. Even in middle school

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I was selling bubblegum out of my locker. In 2008, when the market crashed, is when I had made some money and obviously there was not a lot in real estate, so that’s when I bought Snap Fitness. I had shopped hundreds of businesses and it came down to a gym, so I bought this one and it became my adrenaline rush.

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What made you decide to purchase businesses in this area? I’m the biggest Pueblo fan you’ll ever meet. I love Pueblo. I wanted to raise my kids in Pueblo. ... I want to see Pueblo grow and expand and watch this town become what it should and could become. ... I want to help give back to this economy as much as I can.

How do you deﬁne entrepreneur and would you consider yourself one? Yes, and I define them as somebody willing to take See Smith page 18

18 April 21 - April 27, 2017

Colorado Springs Business Journal

YOUNG PROFESSIONAL CONT.

Smith: Serial entrepreneur since middle school From page 17

risks. ... Everything I’ve done I’ve jumped full-fledged into, and I try to figure it out on the way down. Every business I’ve ever opened, my wife thinks I’m crazy. Like when I opened the spa, I just had some extra space and I said, ‘I want to open a spa.’ She said, ‘You don’t know anything about spas.’ And I said, ‘I know. I’ll figure it out.’ And I did. I bought the tuxedo business two

years ago and it was crazy; now it’s a great tuxedo business. And now, we’re tripling the size of this building [Snap Fitness], and I don’t know how we’re going to figure it out, but we’re going to do some cool things with it and I’m excited to grow. What have been the biggest challenges for you as a business owner in southern Colorado? I don’t believe in the stigma that sur-

rounds Pueblo [see Page 15]. I think it’s shenanigans. I’m such a Pueblo fan. I love this town, this is my town. Yeah, we have our issues, but everybody has their issues. As far as local problems, I think the biggest problem for my businesses has been development. I built this building [Snap Fitness] three years ago and I’m expanding it right now and adding 17,000 square feet to this facility. ... We’ll do ground breaking on May 1.

MY MONEY IS ON SERVICE

Why do you think it is more difﬁcult for entrepreneurs to get their footing in Pueblo as opposed to more northern cities? I would say probably income. Those are already built communities, so there’s a lot more in those areas. Pueblo is working on [improving], but we’re not there yet. There’s a lot more to attract [entrepreneurs to the north]. I just had a meeting with the chamber of commerce president and we talked about that. What are your main business goals for 2017? The biggest one is the $3 million expansion for Snap Fitness, but it’s not just that — we have a coffee shop coming in; a physical therapist is coming in; we’re getting cryotherapy; we’re expanding our spa and extending our salon. We’re doing a lot. It’s going to be one big health center ... so right now the $3 million expansion is my No. 1 goal. Ultimately, the goal in the next couple years is to do some nationwide business. I want businesses that start in Pueblo and then everybody in the nation has seen or heard of them, but that home base is Pueblo. I do have some ideas, but they’re in the works. What would you say to business owners facing challenges? There is always a challenge. If you own a business, you get it. It’s not as easy as people think from the outside looking in, but it is the [most fun] thing you’ll ever do if you do it. ... My advice would be to be willing to learn from your mistakes and to take advice from anybody. If they can do it better than you can do it, change the way you do it. CSBJ

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That took a year, and you would hope that [developers] would cater more to the business community, so that was a challenge, but Pueblo has been amazing. They support all our businesses, they’ve been great. There’s nothing that I don’t like about Pueblo. The stigma that surrounds it has not affected my businesses.

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Colorado Springs Business Journal

April 21 - April 27, 2017

Captains of

INDUSTRY

SPEED MENTORING

THANK YOU TO OUR SPONSORS AND COMMITTEE! Captains of Industry Committee Matt Barrett

Judy Kaltenbacher

Karen Palus

Richard Flanders Amanda M. Luciano

Jeff Peterson

Jen Furda

Heather McPeak

Jenny Schell

Kim Griffis

Andy Oyler

Amy Sweet

THANK YOU TO OUR CAPTAINS!

OVERVIEW ACCOUNTING

Trinity Bradley-Anderson and Judy Kaltenbacher

About Us Stockman Kast Ryan ADVERTISING

CO-WORKING SPACE

GRAPHIC/WEB DESIGN

Lisa Tessarowicz Epicentral Coworking CONSTRUCTION

Scott Bryan

Rosemary Lytle

Design Rangers

Positive Impact

HEALTH/BEAUTY

OUTDOOR RECREATION

Dr. Lisa Jenks

Amy Sufak Bryan Construction Medspa OUR BUSINESS IS PEOPLE. OUR PRIORITY ISGenesis YOU. Red Energy Public Relations CYBERSECURITY

Blackstone Staffing Services is a division of Blackstone Ed Rios AEROSPACE Technology and solutionsCenter EdwardGroup, Baron a global IT services National Cybersecurity firm Braxton that implements Technologies digital transformation solutions OF DEFENSE across commercial industry verticalsDEPARTMENT and the US Mark Lester AGRICULTURE Federal Government.

Adrienne Larrew Cornerpost Meats

Doss Aviation

Blackstone’s global staff augmentation practice was ED EDUCATION - HIGHER founded in 1998. Blackstone Staffing Services has offices Lance Bolton ANIMAL CARE Dillon Peak Community College in SanJeremy Francisco , Denver, Houston,Pikes Colorado Springs, Cheyenne Mountain Zoo and Washington, DC. We specialize in IT staffing and EDUCATION - PRIMARY place both technical and creative talent across a variety Shawn Gullixson ARCHITECTURE of industries and sectors. Larry Whittaker COS School District 11 YOW Architects

At Blackstone Staffing Services, we ELEVATEENGINEERING our clients by James Solti ARTS providing them the best talent to fulfill their workforce Erin Hannon U.S. Air Force needs. We ACCELERATE our employees’ careers byAcademy placing Fine Arts Center them on cutting edge projects and supply clients FASHION with Jan Erickson ATTORNEY solutions at an accelerated flexible workforce pace. Lastly, Pat Mika our employee and clientand Luke Faricyby we PERPETUATE relationships Mikaour & Associates Janska/Rutledge’s helping internal and external stakeholders reach their strategic goals to achieve success. Elevate. Accelerate. BANKING/FINANCE FIRST RESPONDERS Collyn Florendo Deputy Fire Chief Randy Royal Perpetuate. It’s not just a tagline for us, it is a commitment to Colorado Springs Fire Department Bank of Colorado our clients and our employees. BREWING

HOWChris WE Wright ARE DIFFERENT Pikes Peak Brewing

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Angler's Covey

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HIGHLY SUCCESSFUL METHODOLOGY:Our methodology Troy Stubbings Karen Palus is the key your success. We assess, source, screen, KaisertoPermanente City of Colorado Springs deliver, and monitor each candidate we put to work. HOSPITALITY REALfollowing ESTATE - COMMERCIAL We remain flexible and adaptable while a Daniel Kammerer Andy Oyler process that will deliver the best results for your DoubleTree Quantum Commercial Group staffing needs.

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20 April 21 - April 27, 2017

Colorado Springs Business Journal

KUDOS Compiled by Lindsey Morrow

PEOPLE ON THE MOVE Submit items for Kudos, Business Briefs or People on the Move to editorial@csbj.com.

UNITED WAY BRIDGES DIGITAL DIVIDE One-hundred Mitchell High School students were provided computers and internet as part of a collaboration between Pikes Peak United Way and several organizations and businesses throughout Colorado. Computers were donated by Kum & Go, Wells Fargo and individuals within the community. PCs for People (pcsforpeople.com), a Denver nonprofit, refurbished the donated computers and provided the internet access. Distribution was part of the Colorado Springs Promise program, a partnership among Pikes Peak United Way, UCCS, Colorado Springs School District 11 and Mitchell High School. For more information on Pikes Peak United Way or the Colorado Springs Promise program, go to ppunitedway.org.

LOCAL REALTORS WIN 2016 AWARDS Nine Colorado Springs Realtors have received Weichert Realtors’ 2016 Office Awards. The honor-

ees include: Michael Berger, Russ Winther, Charles Armstrong, LeRoy Raynor, Andrea Ayres, Martin Chase, Bill Perry, George Jury and Weldon Shaver. The awards were presented to agents who met requirements in gross commission income earned or real estate transactions completed in 2016. All winners are part of the Weichert Realtors-Pikes Peak Group, an independently owned and operated affiliate office in Colorado Springs.

Tiffany Canady

Patricia Job

Chris Bennett

HBA Cares

RE/MAX Properties

New Secretary, Board of Directors

New Agent

CSFD RECEIVES $35K WALMART GRANT Colorado Springs Fire Department Community & Public Health Division was awarded a $35,000 grant from Walmart Foundation’s State Giving Program. The money will help purchase a 2017 Ford Explorer to further the Community Assistance Referral & Education Services (CARES) program by providing the means to connect emergency departments and 9-1-1 users to health resources. The check was presented at the CSFD awards breakfast April 20.

Steven Kohls

Chad Mason

CBRE-Colorado Springs

Springs Waste Systems

New Vice President

Safety Manager

BUSINESS BRIEFS LOCAL DOG HAUS FRANCHISE TO OPEN April 22 marks the Colorado Springs opening of Dog Haus, a gourmet hot dog franchise founded by Hagop Giragossian, Quasim Riaz and Andre Vener in Pasadena, Calif. The local establishment is the second location of franchisees Lyle Rider and Jeron Boemer. Dog Haus has a menu that includes hot dogs, sausages, burgers (all served on King’s Hawaiian rolls), corn dogs and sides. Customers have the option of ordering a Dog Haus creation as is or customize an order with an array of toppings. The menu also includes the dog slider, a mini 17-CSU-01950_Business_PRINT_4.75x6.5_4C_FNL.pdf dog for kids and light eaters and a beer program that1

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spotlights local brews. For dessert, Dog Haus offers shakes or soft serve. The new franchise is located at 162 Tracker Drive on the city’s Northside and is open from 11 a.m. to midnight.

CDOT SEEKS PUBLIC INPUT The Colorado Department of Transportation is seeking public participation in planning and environmental linkage study meetings about the expansion of Interstate 25 between Monument and Lone Tree. The first meeting will take place from 5-7 p.m. April 2/23/17 12:00 PM 25 at the Douglas County Fairgrounds in Castle Rock,

500 Fairgrounds Road. The second meeting will be from 5-7 p.m. April 27 at Pikes Peak Library 21c, 1175 Chapel Hills Drive. “The purpose of these meetings is to inform the public of the project’s purpose and need, and for the public to learn about alternatives being considered,” CDOT said in a press release announcing the second round of meetings. According to CDOT, the department took input regarding challenges from previous meetings and is “now hoping to focus on alternatives to remedy some of those challenges.” More information can be found at codot.gov.

WANTED: SENIOR ACCOUNT EXECUTIVE The Colorado Springs Business Journal is looking for a Senior Account Executive for their sales department. Account executives are responsible for generating new business, maintaining existing client relationships, coordinating ad copy and placement, and collections. Existing accounts are available as well. Ideal candidates will have media sales experience, the ability to communicate clearly both verbally and in writing, must be well-organized with excellent people skills and the ability to work with a wide range of people, professional appearance and persona, ability to hit strict deadlines, and must be able to handle pressure well.

Please email resumes to jeff.moore@csbj.com. No phone calls please.

Colorado Springs Business Journal

April 21 - April 27, 2017

ON THE HORIZON Compiled by Lindsey Morrow

Business Development

Submit items for On the Horizon to events@csbj.com.

Networking Events

Regional Events

Friday, April 21

Monday, April 24

PPAR: GRI 113

HBA: Home Show

Pueblo: Cyber Ethics

Join the Pikes Peak Association of Realtors for a negotiation and counseling course, free, 8:30 a.m.-12:30 p.m., PPAR, 430 N. Tejon St. Register at ppar.org.

Monday, April 24

Get ideas for home renovation or redecoration at The Housing & Building Association’s annual trade show, $5/ person, 3-7 p.m., Mortgage Solutions Financial Expo Center, 3650 N. Nevada Ave. Go to cshba.com for more information.

The Pueblo Chamber of Commerce hosts a workshop addressing ethical issues on the internet, 1:30-5:30 p.m., free, UCCS, Kettle Creek Room at Roaring Forks, 1420 Austin Bluffs Pkwy. Register at pueblochamber.org.

CNE: Grant Making

Wednesday, April 26

The Center for Nonprofit Excellence, in partnership with Philanthropy Southwest, hosts a workshop overview of grant-making in Colorado Springs, $30, 2-4 p.m., Penrose House, 1661 Mesa Ave. Go to cnecoloradosprings. org to register.

BWN: Networking

SCORE/PPCC: Going Pro Learn how to move from hobby to business and make money pursuing your passion, $49 for two sessions, 6-8:30 p.m., Pikes Peak Community College Rampart Range Campus, 11195 Hwy. 83. To register, visit coloradosprings.score.org.

Join the Business Women’s Network for bi-monthly networking followed by a business meeting, $75 annual membership fee, 8:30-10 a.m., Legacy Title, 3630 Sinton Road, Suite 300. Go to scwcc.com for more information.

Chamber: After Hours After hours networking event hosted by the Colorado Springs Black Chamber of Commerce, free, 5:30-7:30 p.m., Spice Island Grill, 10 N. Sierra Madre St. Visit csblackchamber.com for registration.

Tuesday, April 25

Thursday, April 27

WIA: Relationship Building

SCWCC: Meet and Greet

A professional development webinar, “Four Simple Words for Leaving a Lasting Impression with your Network,” hosted by Women in Aerospace, $40 for members, $60 for non-members, $25 for government, $20 for corporate member, 1-2 p.m. EST. Register at womeninaerospace.org.

SCWCC: Workshop The Southern Colorado Women’s Chamber hosts its April workshop “Using Design Thinking to Create Your Dream Life,” $30 for members, $40 for non-members, 9 a.m.-noon, Catalyst Campus Harvey House, 555 E. Pikes Peak Ave. Go to chamber.scwcc.com to register.

SBDC: Cyber CYA Series Join the Pikes Peak Small Business Development Center for a Cyber CYA workshop series about information sharing and analysis organizations, $15, 9-11 a.m., Pikes Peak SBDC, 1675 W. Garden of the Gods Road. Register at pikespeaksbdc.org.

Wednesday, April 26 SBDC: Financing Your Business A Pikes Peak Small Business Development Center workshop on options for financing a business, $18, 11:30 a.m.-1 p.m., Pikes Peak SBDC, 1675 W. Garden of the Gods Road. Go to pikespeaksbdc.org to register.

The Southern Colorado Women’s Chamber hosts a business after hours event, $5 for members, $15 for non-members, 5-7 p.m., Fab’rik, 5278 N. Nevada Ave. Suite 130. Register at scwcc.com.

Friday, April 28 CNE: Roundtable The Center for Nonprofit Excellence hosts a conversation with the Pikes Peak Community Foundation, free for members, $15 for non-members, 9-10:30 a.m., Tim Gill Center for Public Media, 315 E. Costilla. Go to cnecoloradosprings.org/events/ to register.

Sunday, April 30 SBDC : Cook Off Help the Pikes Peak SBDC start the celebration of Small Business week with a food truck cook-off, $15 preregistration, $20 at the door, 11:30 a.m.-3 p.m., Norris Penrose Event Center, 1045 Lower Gold Camp Road. Go to pikespeaksbdc.org/smallbusinessweek/for more information.

Tuesday, May 2 Chamber: Connect Join the Colorado Springs Chamber of Commerce & EDC for lunch and networking, free for members, $5 for non-members, 11:30 a.m.-1 p.m., Phantom Canyon, 2 E. Pikes Peak Ave. Register at coloradospringschamberedc.com.



Tuesday, April 25 Tri-Lakes: Business Accelerators The Tri-Lakes Business Accelerators host weekly business networking, first visit free, 8-9 a.m., Fairfield Inn and Suites, 15275 Struthers Road. Visit trilakesbiz.com for more information.

Pueblo: Intro to Government Bids Join the Pueblo Chamber of Commerce for an overview of PTAC’s free services, free, 11:30 a.m., Pueblo Business and Technology Center, 301 N. Main St. Go to pueblochamber.org for registration.

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           

Wednesday, April 26

 

Pueblo: Aerie Meeting



Regular meeting of the Pueblo Eagles Aerie #145, free, 7 p.m., 1615 S. Prairie Ave. Go to pueblochamber.org for more information.

    

Friday, April 28 Pueblo: Member Luncheon Join the Pueblo Chamber of Commerce for networking, $20, 11:30 a.m., Eagles Lodge, 704 Elmhurst Place. Register at pueblochamber.org.

   

Tuesday, May 2 Tri-Lakes: Business Accelerators



Join the Tri-Lakes Business Accelerators for weekly networking, first visit free, 8-9 a.m., Fairfield Inn and Suites, 15275 Struthers Road. Go to trilakeschamber.com to register.

Thursday, May 4 Pueblo: Happy Hour Join the Latino Chamber of Commerce of Pueblo for networking, free, 5 p.m., Pueblo Convention Center, 320 Central Main St. Go to pueblochamber.org for more information.

Tri-Lakes: Breakfast The Tri-Lakes Chamber of Commerce hosts a bi-monthly networking breakfast, $30 annual dues, 7:30-9 a.m., Tri-Lakes Chamber Visitor Center, 166 Second St. Register at trilakeschamber.com



22 April 21 - April 27, 2017

Colorado Springs Business Journal

BY THE NUMBERS Information provided by the UCCS Economic Forum

The pros and cons of rising interest rates Graph 1. Interest Rates 9.00 March 2017: 30 Yr. MR: 3.88 Prime: 4.20 Fed Funds: .79

Percentage

8.00 7.00 6.00 5.00 4.00 3.00 2.00 1.00 0.00

Prime

Fed Funds

Source: Board of Governors at the U.S. Federal Reserve; * Forecasts by Wells Fargo

Graph 2. Federal Funds Rate Recession 20 18 16 14 12 10 8 6 4

Jan-17

Feb-15

Mar-13

Apr-11

May-09

Jun-07

Jul-05

Aug-03

Oct-99

Sep-01

Nov-97

Dec-95

Jan-94

Feb-92

Mar-90

Apr-88

May-86

Jun-84

Jul-82

Aug-80

Sep-78

Oct-76

Dec-72

Nov-74

To receive the monthly four-page dashboard as an Economic Forum sponsor, contact Tatiana Bailey: tbailey6@uccs.edu or 719-255-3661

Your partner through every new opportunity. Tim Stack, President 719.385.1401

30 Yr MR

Percent

The severity of the last recession caused the Federal Reserve Bank to reduce interest rates rather dramatically as the first graph shows. Rate reductions are a trusted tool to stimulate the economy, mostly through the mechanism of decreasing borrowing costs for households and businesses. This monetary policy of “quantitative easing” essentially infuses money into the hands of consumers and businesses with the hope that households will spend more on goods and services, and businesses will invest more on capital and labor. As an economy recovers from a downturn, the Fed carefully watches key indicators such as job growth and inflation. Job growth means businesses are confident enough to hire, but it also means there are more people with income to buy more goods and services. Inflation means there are both an adequate money supply and enough willing consumers that demand is beginning to outstrip supply and prices rise. As the labor supply continues to dwindle, wages typically begin to rise as well. What is different this time is that the fed funds rate has stayed low since 2008, because it took so long for new jobs and inflation to happen after the Great Recession. In 2016, the Fed began to see enough job growth and inflation that it began the gradual process of restoring rates to more normal levels. It may not seem that job growth and modest inflation is bad, but there are several reasons why raising interest rates and having an equilibrium in money supply is important. If the Fed increases the fed funds rate, which is the short-term interest rate banks charge each other for overnight loans, it instigates certain outcomes. First, the tightening of the money supply implicit in raising interest rates means there is less money circulating and inflationary pressures should subside. Second, higher interest rates can attract more investment to the U.S. as yields will be higher particularly for short-term investments. Third, as interest rates return to “normal” levels, the Fed will have a time-proven mechanism to stimulate the economy in future downturns. Most experts agree that the Fed will have a total of three increases in 2017 and three more in 2018. This may sound aggressive, but the endpoint will probably be around 3 percent by the end of 2019 — not high by historic standards. That endpoint depends, however, on the economy’s response to each incremental increase. On the flip side, there are also cons associated with raising interest rates. For one, the higher rates raise borrowing costs for households and businesses alike. In essence, this cools the economy because consumers and business owners slow spending. The main question will be whether consumers and businesses adjust to the higher rates and continue to buy and invest at a healthy, moderate pace. Another probable negative impact is that the reduced supply of money boosts the dollar. The U.S. dollar has been strong relative to other currencies for some time, which has hurt exporting industries. In the early part of 2017, our trade deficit has begun to narrow, so the timing of the modest rate increases could negatively impact these gains. Again, it all depends upon how much the dollar appreciates relative to other currencies. Higher interest rates also means the U.S. has to pay more to service our debt. If you feel like you are in a confusing economics class, you are not alone. Even the Fed doesn’t know which will prevail: the pros or the cons. What is rather certain and supported by the data is the simple fact that interest rate hikes happen late in an economic cycle. Graph 2 shows that rate hikes precede recessions, as shown by the blue arrows before each shaded gray area (a recession). Correlation is not causation, but this does tell us where we are now. The prolonged and aggressive quantitative easing of this last recovery may buck the trends we’ve seen in the past, but it is good to keep this historical relationship in mind as we move into the longest (albeit not strongest) expansion in 150 years. — Tatiana Bailey, executive director of the UCCS Economic Forum

Ted Mossman, VP 719.385.1406 cobizbank.com

Part of CoBiz Bank • Member FDIC

Colorado Springs Business Journal

April 21 - April 27, 2017

Drones: Nascent market ready to soar From page 1

Isenbarger, a former U.S. Air Force Academy cadet who works out of DJI’s California corporate office, said that the company began focusing on the “enterprise market” five years ago due to feedback from a variety of industries looking to use drones in commercial applications. In response, DJI began building the new product line with an array of customizable features, such as special safety and positioning sensors, advanced imaging systems and a new battery system that gives the drones more airtime. The Matrices are also heavily weatherproofed for extreme climates and include state-of-the-art safety and redundancy systems. But features that were of the most interest to the audience included the Matrice 200’s dual gimbals and top camera mount, which allow users to more effectively perform inspections for hard-to-reach places such as the undersides of bridges. “These are tools that we are really excited about,” said David Siddle, senior account manager for Centennial-based CompassDrone. Although drones remain most popular among the hobbyist and creative markets, including photographers and videographers, they are beginning to see commercial use in Colorado by companies specializing in inspection services, as well as municipal fi rst responders such as the Boulder Fire Department.

Michael Rinow, owner/president of Colorado-based Inspection Specialties, said that his company began working with drones about a year ago after Loren Tangeman, a project manager for the company, took an interest and became a hobbyist pilot. Since then, Tangeman and Rinow said that the company has been slowly integrating the technology’s use into their day-to-day operations. “We’re still growing,” Tangeman said. “I think that, eventually, it will really pick up. But right now there isn’t as much demand for it as you might think.” Rinow said that although his company works extensively in the Colorado Springs market — with work on hospital sites and city projects in Fountain — the drones currently offer the most benefit on the plains, where Inspection Specialties often works with large wind turbines in eastern Colorado. “We’re still trying to determine how efficient drones are for various projects,” Rinow said. “We specialize in visual inspections, which are usually within arm’s reach … but some places are difficult to access.” Rinow said that most of the time there is no significant impact made on manpower or finances, but it does make the company’s work much more efficient and safer for workers who would traditionally be putting themselves in risky situations. “It definitely impacts time and safety,” he said. “It allows us to get in places

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that might otherwise be hard to access.” Rinow said that the drones cut a three- or four-hour wind turbine inspection down to about 15 minutes, and keep climbers from having to risk their safety. Although some projects would require Rinow and his company to obtain special permissions to use the drones, he said most projects are rural and don’t require such permissions. “We just flew [around] a bridge in Blackhawk and did some inspections with a drone — mapping it and doing a lot of different stuff — and it was lucrative,” Rinow said. “But for right now, it’s not enough of a deliverable product for us to sell. Right now it’s mostly just [research and development] — playing around with these things and seeing how they eventually might be able to help us. I think that will definitely happen.” Tangeman said that he thinks the industrial drone market is ready to soar, thanks in part to a set of new comprehensive regulations the Federal Aviation Administration issued last year for “routine non-recreational use of small unmanned aircraft systems,” according to the FAA’s website. The regulations were created to minimize the risks drones pose to other aircraft, as well as people and property, by requiring that non-recreational users pass an Aeronautical Knowledge Test and apply for an Airman Certificate via the FAA. CSBJ n

Photo by Cameron Moix

Brent Murray, who works for the DJI Colorado retail store in Lone Tree, demonstrates the capabilities of the new Matrice 200 model drone.

24 April 21 - April 27, 2017

Colorado Springs Business Journal

Hosted By

April 30 - May 4 Join us for workshops and events designed to educate, celebrate, and champion small businesses in the Pikes Peak Region. MONDAY, MAY 1 Online Reputation Management: Crafting Your Public Perception The Warehouse | 11:30am-1:30pm | Cost: $20 - Includes lunch from The Warehouse's award winning chefs! Moderator: • Mark Bittle, Connectionmark Panelists: • Craig Mount, CEO, Classybrain • Lauren Hug, J.D., LL.M., HugSpeak Consulting • Kristin Murphy, Business Development Manager, Technowledge

TUESDAY, MAY 2 The New Administration: Policy & Possibilities Through a Small Business Lens The Carter Payne | 4:00pm-6:00pm | Cost: $10 - Beverages and appetizers included! Speakers: • Kelly Manning, Deputy Director, Office of Economic Development & SBDC State Director • John Hazlehurst, Senior Reporter, Colorado Springs Business Journal • Stephannie Finley, Executive Director, UCCS Advocacy & Partnerships & Federal Commission • Tony Gagliardi, Colorado and Wyoming State Director, National Federation of Independent Business

WEDNESDAY, MAY 3 Cyber-Simulation: What Your Small Business Needs to Know Catalyst Campus | 9:00am-11:00am | Cost: Free - Coffee and continental breakfast will be served. Speakers: • Joseph Cheung, Principle Consultant - Cybersecurity & Business Developer, Toggle Industries, for an open forum about how we are bombarded daily by requests for YOUR private information. • Joe Wootten, The National Cyber Exchange (NCX), for a Virtual Reality (VR) assisted demonstration on how your information may be at risk. Followed by Jeff Beauprez, Tips & Tricks on Securing Your Business and Customers. Workshop Sponsor

Kevin Knebl

Workshop Supporting Sponsor

The week ends Thursday, May 4 with the Small Business Celebration and Awards Dinner featuring speaker, Kevin Knebl, and emceed by Steve Kaczmarek, owner of Borealis Fat Bikes.

Discounted ticket packages available. To register, visit

PikesPeakSBDC.org/SmallBusinessWeek Sponsored By

Presenting Sponsor

Colorado Springs Business Journal

April 21 - April 27, 2017

OTHER VOICES

Fault for high-priced drugs lies with drug makers

hen it comes to how high they price their products, drug companies want the public to ignore what they spend on marketing and the tax breaks they get for direct-to-consumer advertising. Instead of simply acknowledging their pricing strategies, drug companies and their lobbyists have J O N E S launched a fi nger-pointing campaign at pharmacy benefit managers (PBMs). This isn’t surprising and certainly not unpredictable, but ignores the basic fact: Drug companies set the price of the drug. They can charge whatever they feel the market will bear. To combat massive price hikes, PBMs are hired by employers, unions and health plans to negotiate lower drug costs for their enrollees. They do this by negotiating with drug manufacturers and pharmacies, developing networks of pharmacies, promoting generic drugs, creating drug formularies, use of lower-cost mail service, and managing high-cost specialty medications. One clear example of PBM success is the Medicare Part D prescription drug benefit, which is overwhelm-

John

ingly popular with a 90-percent satisfaction rate among enrollees. In this instance, the drug company lobby isn’t finger-pointing, but is curiously praising the private sector model PBMs use to make Part D so successful by stating in their trade organization website, “Medicare Part D plans also negotiate significant discounts and rebates with drug manufacturers to achieve savings on medicines and use them to help reduce premiums, deductibles and cost-sharing for beneficiaries.” Their positive recognition of this practice by the Medicare Part D plans ignores the fact that those same plans hire PBMs to achieve those successes. With skyrocketing drug prices, some employers and insurers providing health care coverage are being forced to involve consumers through benefit designs that include higher deductibles or increased cost-sharing health plans. In response, the drug manufacturers have seized on this by crying “foul” because it focuses attention on their high prices. They blame the insurers for their benefit designs, instead of taking responsibility

for the exorbitant pricing of their drugs. The truth is that the payers of health care coverage are doing their best to provide their entire covered population with affordable, high-quality health care. Manufacturers have a number of options in altering public perception of their pricing strategies. They can assert that their products are a great value at any price but there is definitely a level where that argument fails. They can also compete on price and refrain from automatic pricing increases that now obviously impact health care affordability. One thing is for sure, if drug manufacturers continue to set high prices, PBMs will be pressed by their customers to negotiate for even steeper discounts and rebates in an effort to shield America’s consumers from the increasingly unaffordable costs. John D. Jones is a pharmacist and attorney. He teaches pharmacy law and ethics at several colleges of pharmacy in California. Until recently, he served as the senior vice president of professional practice and pharmacy policy at OptumRx, a UnitedHealth Group Company, in Irvine, Calif.

The drug manufacturers have seized on this by crying “foul” because it focuses attention on their high prices.

Benefits of the Colorado Secure Choice retirement plan

awmakers in Washington, D.C., quietly took steps in recent months to make it more difficult for employees of small businesses to access retirement plans. They voted to end a U.S. Department of Labor rule that allows local governments to establish publicly administered retirement savings programs for private-sector workers. Fortunately, lawmakers here in Colorado have a chance to give more options to small businesses that don’t offer retirement programs by establishing a public-private partnership that would allow private-sector employees to contribute to an individual retirement savings account through modest payroll deductions. Recently, a Colorado House of Representatives committee voted to move forward with the Colorado Secure Choice Savings Plan, which would help small business owners offer retirement savings benefits at no added cost to their business. That development is great news, because there is a real need for this type of retirement plan assistance for small employers. In fact, recent polling released by Small Business Majority and AARP Colorado found that three in five Colorado small employers do not currently provide a workplace retirement savings plan, with cost cited as the biggest reason. Among those

who do not offer retirement benefits, two-thirds say they would offer a state retirement savings plan, if such a plan were available. Small business owners know offering benefits like G A U D E T T E retirement savings makes for a happier and more productive staff, which in turn leads to increased productivity. What’s more, policies like these help level the playing field between small businesses that want to offer retirement benefits but can’t, and their larger counterparts that can. This helps small firms compete for the best employees, and gives employers peace of mind that they are doing what’s best for their workers. Many small business owners also think of their employees as family, so it’s not surprising they support programs that enable them to foster a happier workforce while protecting their workers and their bottom line. A majority of small business owners in Colorado (58 percent) support a privately managed state retirement savings program that would help small businesses offer employees a way to save for the future. Nearly seven in 10 believe offering such

Tim

a program makes small businesses more competitive by helping them attract and retain talented employees. Among the Colorado small business owners who support the plan is Everett Schneider, president of Bedrock Landscaping Materials in Denver. Schneider, who is currently unable to offer his employees a retirement plan, said Secure Choice would go a long way toward helping him attract and retain top talent. “My biggest challenge is managing employee turnover, but savings programs cut down on attrition by providing staff with a sense of security,” Everett said. “After all, employees who feel secure tend to stick around. What’s more, retention of employees leads directly to profit through increased customer satisfaction, increased productivity and a more pleasant work environment.” Although a majority of the U.S. Senate voted recently to end the Department

of Labor rule that allows local governments to create private-sector retirement savings options, many senators disagreed with that move. Among them is U.S. Sen. Michael Bennet, D-Colo., who encouraged his state to adopt the Secure Choice program in a recent op-ed. “If passed, the bill would offer the more than 750,000 Coloradans who don’t have workplace retirement plans a chance to save,” Bennet noted. Small businesses and their employees are struggling to access retirement plans, and the Colorado Secure Choice Savings Plan can help. After all, California, Illinois and Oregon are in the process of implementing similar programs because those states know how important it is for entrepreneurs and workers to save for the future. Colorado lawmakers should do the right thing for small businesses and their employees by creating a Secure Choice program. Tim Gaudette is the Colorado Outreach Manager for Small Business Majority.

Small business owners know offering beneﬁts like retirement savings makes for a happier and more productive staff, which in turn leads to increased productivity.

Support local business news Subscribe to the CSBJ for only $1.71 each week for the best home-grown business news.

Call 634-5905 or visit CSBJ.com

26 April 21 - April 27, 2017

Colorado Springs Business Journal

Forecast: Focus will be on roads and stormwater From page 1

Boulder was up 5.3 percent and the median home price there is nearly a half-million dollars. Of 180 measured MSAs, Boulder boasts the seventh-most-expensive home prices nationally, while Denver is ranked 14th. Colorado Springs comes in at 31st. Homes are selling at 99.4 percent of the listing price and homes are on the market for about 40 days. When it comes to single- and multi-family residential building permits, Bailey said the area was likely overbuilt in the 2000s prior to the recession, and then permits took a dive. “Now we’re at about the equilibrium [of 4,500 permits], and that’s something to watch because you don’t want to overbuild,” she said. “That’s where you get bubbles.” Through the first quarter of 2017, Colorado Springs witnessed far lower commercial rental rates than Denver. The average rental cost of retail space in Colorado Springs to start the year was about $12.55 per square foot, compared to more than $20 in Denver. Office space in Colorado Springs averages nearly $16 per square foot and Denver reported rates of more than $29 per square foot. Industrial space is more comparative at $6.45 per square foot in Colorado Springs compared to $6.82 in Denver.

THE MAYOR’S PERSPECTIVE Suthers reiterated three things he thought needed to be done in the city when he was elected mayor nearly two years ago, “to get our city moving from an economic perspective.” The first step was creating a more stable political environment. “[The city needed] a much more collaborative relationship between the mayor and city council,” Suthers said. “Because, as many of you may know, if you have a fractious relationship that’s in the [newspapers] all the time, it’s simply not conducive to economic and

community development.” discussed during a question-and-answer period with the audience. Suthers said his second focus was dealing with Suthers said he expects the public transportation long-neglected infrastructure problems, to include network to grow. roadways and stormwater systems. “To park downtown, it will cost you about $30 a “Roadways because they were terrible and stormmonth. Do you know what it costs to park in downtown water because we’ve had some pretty serious legal Denver for a month? About $300 to $350,” Suthers problems developing as a result of voter action in 2009 said. “That’s the incentive to get on a bus. Right now, doing away with a stormwater enterprise,” he said. virtually all our bus usage is by necessity versus choice. Thirdly, there has been an increased focus on what About 60 percent of our riders use it government can do to facilitate job to get to work and 40 percent use it to growth in the region. get to school. … As we urbanize and “We’ve done things at the [Colorado it becomes more costly to drive and Springs Airport] like [implement] park, I think we’ll get more choice ridthe Commercial Aeronautic Zone to ers. But right now our big emphasis is encourage business investment in taking care of those necessity riders Colorado Springs. in terms of frequency. That’s where “We’ve come a long way and we —Tatiana Bailey we’ve spent additional resources over have much more stable growth … in the last couple years.” the last two years. I give credit to city And as for recreational marijuana, council in that regard,” the mayor an audience member asked whether the city planned to said. “We are swearing in three new city [councilors] capitalize on sales tax revenues made available through today and I hope that will continue the stability. We the legalization and sale of the product. Neighboring need to remain focused on infrastructure, economic Manitou Springs has two recreational marijuana redevelopment and hopefully avoiding major distractions tailers, but recreational marijuana sales are currently from moving forward in that regard.” illegal in Colorado Springs under city law. Suthers said infrastructure improvements have made “So far, the city council had decided not to embrace “an incredible amount of progress. recreational marijuana,” Suthers said. “We’ll see if “A couple years ago, 60 percent of our roads — as this [council] has a different attitude. I am personally a result of inadequate investment in roads during the opposed to it because of the economic situation in recession and frankly since 2000 — were in poor conColorado. I think it’s contrary to the message we want dition on an objective basis. … The voters stepped up to send in terms of our military-friendly defense comwith [Ballot] Issue 2C and we’ll see about $250 milmunity,” he said. “The military definitely does not want lion in the five years to deal with major arterials in a message of a city getting high for fun. … It’s contrary Colorado Springs,” he said. “We made a lot of progress to the branding of Olympic City USA, which is health last summer and the paving will ramp up here in the and fitness, not getting high for fun. We think there next couple of weeks. We hope to do another 250 lane are other reasons we should not embrace it. Whether miles this summer.” that will change or not we’ll see in the new political Issues such as recreational marijuana sales and environment.” CSBJ the city’s public transportation network were also

“I bet you didn’t know this, but we’re really young.”

ROUNDTABLE

Garden of the Gods Club & Resort 4:30-6:30 pm

SAVE THE DATE

Perry Sanders...........................May 8 Lisa Tessarowicz ......................May 25 Jim Johnson ...............................June 6 Scott Blackmun .......................July 10 Mary Fagnant............................Aug. 7 Kevin O’Neil ..............................Sept. 6 Tom Naughton ..........................Oct. 30 Bill Hybl .....................................Nov. 20 Margaret Sabin ........................Dec. TBD

Ticket Price: $25 • RSVP at csbj.com/Events

Colorado Springs Business Journal

EXECUTIVE HOMES

April 21 - April 27, 2017

Your source for fine homes in the Colorado Springs area.

For more information call 634-5905

The Bobbi Price Team

Bobbi Price 719-499-9451 Jade Baker 719-201-6749 Stephanie Hawthorne 719-210-0480 $31,000,000 IN CLOSED SALES IN 2016

3820 Stetson Court – Templeton Heights - $425,000

13911 Bandanero Drive – 4 Way Ranch - $406,100 To be built 2051 sq. ft. 3 bedroom, 2 bath stucco rancher on 4.1 acres. Upscale neighborhood 5 minutes to Falcon Town Center. 3-car garage. Open great room floor plan full of light & sunshine. Hardwood & wood laminate flooring. Large kitchen with birch cabinets, black appliances, & crown molding. Gas log fireplace. No HOA, but there are covenants. MLS# 1424861

Wonderful stucco custom 4376 sq. ft. 6 bedroom, 4 bath walkout 2-story on over ½ acre lot with unobstructed mountain, city, & Pikes Peak views. 22 solar panels. Gar heated solar greenhouse. Gazebo with hot tub. Decorative pond & stream with multiple waterfalls. Main level master suite with 5-piece bath. Island kitchen. Wet bar. Security & intercom systems. 2 jetted tubs. Great floor plan for large or multigenerational families.

11010 McClelland Road – Peyton $525,000

230 Crystal Park Road – Manitou Mesa - $1,250,000 Authentic Tuscan Villa on 4.3 acres. Absolutely stunning 4009 sq. ft. 3 bedroom, 3 bath villa with total privacy & dramatic sweeping unobstructed mountain, city, & Garden of the Gods views. Every amenity & 1014 sq. ft. finished 3 to 4-car garage. Elevator. Security, fire sprinkler, & intercom systems. In-floor radiant heat. 9-11’ ceilings. Mesquite flooring, beams, & built-ins. Custom stained glass. Gourmet island kitchen. 624 sq. ft. master suite. Low E Pella windows & atrium doors. 4 fireplaces. Beams. Imports. 770 sq. ft. cement wrap-around deck with loggias. Flooded with light & sunshine. MLS# 8040638

Fabulous horse property with no covenants. 4000 sq. ft. 1-level 5 bedroom, 3 bath remodeled stucco rancher on completely fenced 40 acres in Peyton only 12 miles from Judge Orr & Hwy 24. Totally updated with huge rooms & vaulted & 10’ ceilings throughout. Porcelain tile flooring & counters. Travertine tile counters with glass block backsplash. Cherry cabinets. 2-story dramatic see-through rock fireplace. 30x25 garage. 84x34 steel 7-stall pole barn. Duck pond & season stream. Pikes Peak & mountain views. Enjoy peaceful country life. Easy access to dining & shopping. MLS# 2003471

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Colorado Springs Business Journal

Rates vary, call for details. Prepayment is required. 3 line minimum. Please check your ad the first week of publication and call by noon the following Tuesday with changes or corrections. This paper is not liable for errors after the first publication of an ad. Colorado Publishing Company is not liable for the content of advertisements. All real estate advertising is subject to the Federal Fair Housing Act of 1968. We do not endorse any product or service and we reserve the right to refuse any advertising we deem inappropriate. C.5.3.5. Real Estate Advertising. Advertising for off-post housing available for rent, sale or lease by an owner, manager, rental agency, agent or individual, shall include only those available on a nondiscriminatory basis for all personnel. No facilities shall be advertised without the Colorado Publishing Company having been notified, in writing, that the owner, manager, rental agency, agent or individual enforces open-housing practices.

PUBLIC NOTICES COMBINED NOTICE - PUBLICATION CRS §38-38-103 FORECLOSURE SALE NO. EPC201700041 To Whom It May Concern: This Notice is given with regard to the following described Deed of Trust: On January 13, 2017, the undersigned Public Trustee caused the Notice of Election and Demand relating to the Deed of Trust described below to be recorded in the County of El Paso records. Original Grantor(s): FLORENCE RUNION Original Beneficiary(ies): MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC., ACTING SOLELY AS NOMINEE FOR AEGIS WHOLESALE CORPORATION Current Holder of Evidence of Debt: NATIONSTAR MORTGAGE LLC Date of Deed of Trust: June 26, 2006 County of Recording: El Paso Recording Date of Deed of Trust: July 03, 2006 Recording Information (Reception No. and/or Book/Page No.): 206097381 Original Principal Amount: $152,000.00 Outstanding Principal Balance: $151,396.91 Pursuant to CRS §38-38-101(4)(i), you are hereby notified that the covenants of the deed of trust have been violated as follows: failure to pay principal and interest when due together with all other payments provided for in the evidence of debt secured by the deed of trust and other violations thereof. THE LIEN FORECLOSED MAY NOT BE

A FIRST LIEN. THE SOUTHERLY 2 FEET OF LOT 8, AS MEASURED AT RIGHT ANGLES AND PARALLEL TO THE SOUTHERLY LINE THEREOF, AND THE NORTHERLY 58 FEET OF LOT 9, AS MEASURED AT RIGHT ANGLES AND PARALLEL TO THE NORTHERLY LINE THEREOF, ALL IN BLOCK 1, IN CENTURY HEIGHTS ADDITION NO. 2, TO THE CITY OF COLORADO SPRINGS, COUNTY OF EL PASO, STATE OF COLORADO, ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK W AT PAGE 24. Also known by street and number as: 2115 NORTH CIRCLE DRIVE, COLORADO SPRINGS, CO 80909. THE PROPERTY DESCRIBED HEREIN IS ALL OF THE PROPERTY CURRENTLY ENCUMBERED BY THE LIEN OF THE DEED OF TRUST. NOTICE OF SALE The current holder of the Evidence of Debt secured by the Deed of Trust, described herein, has filed Notice of Election and Demand for sale as provided by law and in said Deed of Trust. THEREFORE, Notice Is Hereby Given that I will at public auction, at 10:00 on Wednesday, 05/17/2017, at Robert Russel Building, 105 East Vermijo, Suite 120, Colorado Springs, Colorado, 80903, sell to the highest and best bidder for cash, the said real property and all interest of the said Grantor(s), Grantor(s)’ heirs and assigns therein, for the purpose of paying the indebtedness provided in said Evidence of Debt secured by the Deed of Trust, plus attorneys’ fees, the expenses of sale and

Heuberger Subaru is

NOW HIRING

Heuberger Motors is a high volume Subaru dealership located in Motor City Drive, Colorado Springs, CO. We are looking for individuals that have exceptional customer service skills to work in our fast paced sales environment. Automotive Colorado Vehicles Sales license is a plus, appropriate testing and licensing is available if necessary. Excellent verbal and written communication skills are a must, including online and email based correspondence. Applicants should have a background in sales, automotive preferred but not a necessity. Selected applicant will need to pass a background check, drug and alcohol screening, and motor vehicle driving record check. Applicants should consider themselves enthusiastic, self motivated, and have consistently high standards for their work performance. This is a commission based pay plan with benefits that include 401k, medical, dental, paid vacation. We are a family owned company and are an equal opportunity employer. Please contact David O’Berto or Robert Leans, (719) 475-1920

other items allowed by law, and will issue to the purchaser a Certificate of Purchase, all as provided by law. First Publication: 3/24/2017 Last Publication: 4/21/2017 Name of Publication: Colorado Springs Business Journal IF THE SALE DATE IS CONTINUED TO A LATER DATE, THE DEADLINE TO FILE A NOTICE OF INTENT TO CURE BY THOSE PARTIES ENTITLED TO CURE MAY ALSO BE EXTENDED; IF THE BORROWER BELIEVES THAT A LENDER OR SERVICER HAS VIOLATED THE REQUIREMENTS FOR A SINGLE POINT OF CONTACT IN SECTION 3838-103.1 OR THE PROHIBITION ON DUAL TRACKING IN SECTION 38-38103.2, THE BORROWER MAY FILE A COMPLAINT WITH THE COLORADO ATTORNEY GENERAL, THE FEDERAL CONSUMER FINANCIAL PROTECTION BUREAU (CFPB), OR BOTH. THE FILING OF A COMPLAINT WILL NOT STOP THE FORECLOSURE PROCESS. Colorado Attorney General 1300 Broadway, 10th Floor Denver, Colorado 80203 (800) 222-4444 www.coloradoattorneygeneral.gov Federal Consumer Financial Protection Bureau P.O. Box 4503 Iowa City, Iowa 52244 (855) 411-2372 www.consumerfinance.gov DATE: 01/13/2017 Thomas S. Mowle, Public Trustee in and for the County of El Paso, State of Colorado By: Thomas S. Mowle, Public Trustee The name, address, business telephone number and bar registration number of the attorney(s) representing the legal holder of the indebtedness is: Nichole Williams #49611 Barrett Frappier & Weisserman, LLP 1199 Bannock Street Denver, CO 80204 (303) 350-3711 Attorney File # 00000006455992 The Attorney above is acting as a debt collector and is attempting to collect a debt. Any information provided may be used for that purpose. ©Public Trustees’ Association of Colorado Revised 1/2015 COMBINED NOTICE - PUBLICATION CRS §38-38-103 FORECLOSURE SALE NO. EPC201700046 To Whom It May Concern: This Notice is given with regard to the following described Deed of Trust: On January 18, 2017, the undersigned Public Trustee caused the Notice of Election and Demand relating to the Deed of Trust described below to be recorded in the County of El Paso records. Original Grantor(s): Jeffrey Donald Weitz and Dorinda D Parara-Weitz Original Beneficiary(ies): Mortgage Electronic Registration Systems, Inc. as nominee for USAA Federal Savings Bank Current Holder of Evidence of Debt: Ocwen Loan Servicing, LLC Date of Deed of Trust: July 22, 2010 County of Recording: El Paso Recording Date of Deed of Trust: July 27, 2010 Recording Information (Reception No. and/or Book/Page No.): 210071658 Original Principal Amount: $247,920.00 Outstanding Principal Balance: $246,330.35 Pursuant to CRS §38-38-101(4)(i), you are hereby notified that the covenants of the deed of trust have been violated as follows: failure to pay principal and interest when due together with all other payments provided for in the evidence of debt secured by the deed of trust and other violations thereof. THE LIEN FORECLOSED MAY NOT BE A FIRST LIEN. LOT 12, BLOCK 3, COLORADO SPRINGS RANCH FILING NO. 4, COUNTY OF EL PASO, STATE OF COLORADO Also known by street and number as: 6785 Blazing Trail Dr, Colorado Springs, CO 80922-3033. THE PROPERTY DESCRIBED HEREIN IS ALL OF THE PROPERTY CURRENTLY ENCUMBERED BY THE LIEN OF THE DEED OF TRUST. NOTICE OF SALE The current holder of the Evidence of Debt

secured by the Deed of Trust, described herein, has filed Notice of Election and Demand for sale as provided by law and in said Deed of Trust. THEREFORE, Notice Is Hereby Given that I will at public auction, at 10:00 on Wednesday, 05/17/2017, at Robert Russel Building, 105 East Vermijo, Suite 120, Colorado Springs, Colorado, 80903, sell to the highest and best bidder for cash, the said real property and all interest of the said Grantor(s), Grantor(s)’ heirs and assigns therein, for the purpose of paying the indebtedness provided in said Evidence of Debt secured by the Deed of Trust, plus attorneys’ fees, the expenses of sale and other items allowed by law, and will issue to the purchaser a Certificate of Purchase, all as provided by law. First Publication: 3/24/2017 Last Publication: 4/21/2017 Name of Publication: Colorado Springs Business Journal IF THE SALE DATE IS CONTINUED TO A LATER DATE, THE DEADLINE TO FILE A NOTICE OF INTENT TO CURE BY THOSE PARTIES ENTITLED TO CURE MAY ALSO BE EXTENDED; IF THE BORROWER BELIEVES THAT A LENDER OR SERVICER HAS VIOLATED THE REQUIREMENTS FOR A SINGLE POINT OF CONTACT IN SECTION 3838-103.1 OR THE PROHIBITION ON DUAL TRACKING IN SECTION 38-38103.2, THE BORROWER MAY FILE A COMPLAINT WITH THE COLORADO ATTORNEY GENERAL, THE FEDERAL CONSUMER FINANCIAL PROTECTION BUREAU (CFPB), OR BOTH. THE FILING OF A COMPLAINT WILL NOT STOP THE FORECLOSURE PROCESS. Colorado Attorney General 1300 Broadway, 10th Floor Denver, Colorado 80203 (800) 222-4444 www.coloradoattorneygeneral.gov Federal Consumer Financial Protection Bureau P.O. Box 4503 Iowa City, Iowa 52244 (855) 411-2372 www.consumerfinance.gov DATE: 01/18/2017 Thomas S. Mowle, Public Trustee in and for the County of El Paso, State of Colorado By: Thomas S. Mowle, Public Trustee The name, address, business telephone number and bar registration number of the attorney(s) representing the legal holder of the indebtedness is: David A. Shore #19973 Hellerstein and Shore, P.C. 5347 S. Valentia Way, Suite 100 Greenwood Village, CO 80111 (303) 573-1080 Attorney File # 16-00416SH The Attorney above is acting as a debt collector and is attempting to collect a debt. Any information provided may be used for that purpose. ©Public Trustees’ Association of Colorado Revised 1/2015 COMBINED NOTICE - PUBLICATION CRS §38-38-103 FORECLOSURE SALE NO. EPC201700047 To Whom It May Concern: This Notice is given with regard to the following described Deed of Trust: On January 18, 2017, the undersigned Public Trustee caused the Notice of Election and Demand relating to the Deed of Trust described below to be recorded in the County of El Paso records. Original Grantor(s): CHARLES L. FULLER Original Beneficiary(ies): MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC. AS NOMINEE FOR FREEDOM MORTGAGE CORPORATION, ITS SUCCESSORS AND ASSIGNS Current Holder of Evidence of Debt: FREEDOM MORTGAGE CORPORATION Date of Deed of Trust: December 13, 2012 County of Recording: El Paso Recording Date of Deed of Trust: December 26, 2012 Recording Information (Reception No. and/or Book/Page No.): 212153659 Original Principal Amount: $220,900.00 Outstanding Principal Balance: $205,447.12 Pursuant to CRS §38-38-101(4)(i), you are hereby notified that the covenants of the deed of trust have been violated as follows: failure to pay principal and interest when due together with all other payments provided for in the evidence of debt secured by the deed of trust and other violations thereof. THE LIEN FORECLOSED MAY NOT BE

A FIRST LIEN. LOT 1, THE KNOLLS AT SPRINGS RANCH FILING NO. 3, CITY OF COLORADO SPRINGS, COUNTY OF EL PASO, STATE OF COLORADO. Also known by street and number as: 4160 PONY TRACKS DR, COLORADO SPRINGS, CO 80922. THE PROPERTY DESCRIBED HEREIN IS ALL OF THE PROPERTY CURRENTLY ENCUMBERED BY THE LIEN OF THE DEED OF TRUST. NOTICE OF SALE The current holder of the Evidence of Debt secured by the Deed of Trust, described herein, has filed Notice of Election and Demand for sale as provided by law and in said Deed of Trust. THEREFORE, Notice Is Hereby Given that I will at public auction, at 10:00 on Wednesday, 05/17/2017, at Robert Russel Building, 105 East Vermijo, Suite 120, Colorado Springs, Colorado, 80903, sell to the highest and best bidder for cash, the said real property and all interest of the said Grantor(s), Grantor(s)’ heirs and assigns therein, for the purpose of paying the indebtedness provided in said Evidence of Debt secured by the Deed of Trust, plus attorneys’ fees, the expenses of sale and other items allowed by law, and will issue to the purchaser a Certificate of Purchase, all as provided by law. First Publication: 3/24/2017 Last Publication: 4/21/2017 Name of Publication: Colorado Springs Business Journal IF THE SALE DATE IS CONTINUED TO A LATER DATE, THE DEADLINE TO FILE A NOTICE OF INTENT TO CURE BY THOSE PARTIES ENTITLED TO CURE MAY ALSO BE EXTENDED; IF THE BORROWER BELIEVES THAT A LENDER OR SERVICER HAS VIOLATED THE REQUIREMENTS FOR A SINGLE POINT OF CONTACT IN SECTION 3838-103.1 OR THE PROHIBITION ON DUAL TRACKING IN SECTION 38-38103.2, THE BORROWER MAY FILE A COMPLAINT WITH THE COLORADO ATTORNEY GENERAL, THE FEDERAL CONSUMER FINANCIAL PROTECTION BUREAU (CFPB), OR BOTH. THE FILING OF A COMPLAINT WILL NOT STOP THE FORECLOSURE PROCESS. Colorado Attorney General 1300 Broadway, 10th Floor Denver, Colorado 80203 (800) 222-4444 www.coloradoattorneygeneral.gov Federal Consumer Financial Protection Bureau P.O. Box 4503 Iowa City, Iowa 52244 (855) 411-2372 www.consumerfinance.gov DATE: 01/18/2017 Thomas S. Mowle, Public Trustee in and for the County of El Paso, State of Colorado By: Thomas S. Mowle, Public Trustee The name, address, business telephone number and bar registration number of the attorney(s) representing the legal holder of the indebtedness is: Alison L. Berry #34531 JANEWAY LAW FIRM, P.C. 9800 S. Meridian Blvd., Suite 400 Englewood, CO 80112 (303) 706-9990 Attorney File # 16-013378 The Attorney above is acting as a debt collector and is attempting to collect a debt. Any information provided may be used for that purpose. ©Public Trustees’ Association of Colorado Revised 1/2015 COMBINED NOTICE - PUBLICATION CRS §38-38-103 FORECLOSURE SALE NO. EPC201700054 To Whom It May Concern: This Notice is given with regard to the following described Deed of Trust: On January 19, 2017, the undersigned Public Trustee caused the Notice of Election and Demand relating to the Deed of Trust described below to be recorded in the County of El Paso records. Original Grantor(s): LORREN J KELLERHALS Original Beneficiary(ies): MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC., ACTING SOLELY AS NOMINEE FOR MORTGAGE RESEARCH CENTER, LLC DBA VETERANS UNITED HOME LOANS Current Holder of Evidence of Debt: PENNYMAC LOAN SERVICES, LLC Date of Deed of Trust: May 22, 2015 County of Recording: El Paso Recording Date of Deed of Trust: June 11, 2015 Recording Information (Reception No. and/or Book/Page No.): 215060543 Original Principal Amount: $179,900.00 Outstanding Principal Balance: $176,536.01 Pursuant to CRS §38-38-101(4)(i), you

Colorado Springs Business Journal

April 21 - April 27, 2017

PUBLIC NOTICES are hereby notified that the covenants of the deed of trust have been violated as follows: failure to pay principal and interest when due together with all other payments provided for in the evidence of debt secured by the deed of trust and other violations thereof. THE LIEN FORECLOSED MAY NOT BE A FIRST LIEN. LOT 30, RUSTIC HEIGHTS, A REPLAT OF LOT 31, BLOCK 2 AND A PORTION OF LOT 1, BLOCK 1, IN RUSTIC HILLS SUBDIVISION NO. 5, IN THE CITY OF COLORADO SPRINGS, COUNTY OF EL PASO, STATE OF COLORADO Also known by street and number as: 1375 SHADBERRY CT, COLORADO SPRINGS, CO 80915. THE PROPERTY DESCRIBED HEREIN IS ALL OF THE PROPERTY CURRENTLY ENCUMBERED BY THE LIEN OF THE DEED OF TRUST. NOTICE OF SALE The current holder of the Evidence of Debt secured by the Deed of Trust, described herein, has filed Notice of Election and Demand for sale as provided by law and in said Deed of Trust. THEREFORE, Notice Is Hereby Given that I will at public auction, at 10:00 on Wednesday, 05/24/2017, at Robert Russel Building, 105 East Vermijo, Suite 120, Colorado Springs, Colorado, 80903, sell to the highest and best bidder for cash, the said real property and all interest of the said Grantor(s), Grantor(s)’ heirs and assigns therein, for the purpose of paying the indebtedness provided in said Evidence of Debt secured by the Deed of Trust, plus attorneys’ fees, the expenses of sale and other items allowed by law, and will issue to the purchaser a Certificate of Purchase, all as provided by law. First Publication: 3/31/2017 Last Publication: 4/28/2017 Name of Publication: Colorado Springs Business Journal IF THE SALE DATE IS CONTINUED TO A LATER DATE, THE DEADLINE TO FILE A NOTICE OF INTENT TO CURE BY THOSE PARTIES ENTITLED TO CURE MAY ALSO BE EXTENDED; IF THE BORROWER BELIEVES THAT A LENDER OR SERVICER HAS VIOLATED THE REQUIREMENTS FOR A SINGLE POINT OF CONTACT IN SECTION 3838-103.1 OR THE PROHIBITION ON DUAL TRACKING IN SECTION 38-38103.2, THE BORROWER MAY FILE A COMPLAINT WITH THE COLORADO ATTORNEY GENERAL, THE FEDERAL CONSUMER FINANCIAL PROTECTION BUREAU (CFPB), OR BOTH. THE FILING OF A COMPLAINT WILL NOT STOP THE FORECLOSURE PROCESS. Colorado Attorney General 1300 Broadway, 10th Floor Denver, Colorado 80203 (800) 222-4444 www.coloradoattorneygeneral.gov Federal Consumer Financial Protection Bureau P.O. Box 4503 Iowa City, Iowa 52244 (855) 411-2372 www.consumerfinance.gov DATE: 01/19/2017 Thomas S. Mowle, Public Trustee in and for the County of El Paso, State of Colorado By: Thomas S. Mowle, Public Trustee The name, address, business telephone number and bar registration number of the attorney(s) representing the legal holder of the indebtedness is: Nichole Williams #49611 Barrett Frappier & Weisserman, LLP 1199 Bannock Street Denver, CO 80204 (303) 350-3711 Attorney File # 00000006483887 The Attorney above is acting as a debt collector and is attempting to collect a debt. Any information provided may be used for that purpose. ©Public Trustees’ Association of Colorado Revised 1/2015 COMBINED NOTICE - PUBLICATION CRS §38-38-103 FORECLOSURE SALE NO. EPC201700058 To Whom It May Concern: This Notice is given with regard to the following described Deed of Trust: On January 20, 2017, the undersigned Public Trustee caused the Notice of Election and Demand relating to the Deed of Trust described below to be recorded in the County of El Paso records. Original Grantor(s): MICHAEL RIVERA, JR. Original Beneficiary(ies): MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC. AS NOMINEE FOR TAYLOR, BEAN & WHITAKER MORTGAGE CORP., ITS SUCCESSORS AND ASSIGNS Current Holder of Evidence of Debt: WELLS FARGO BANK, NA Date of Deed of Trust: November 03, 2003 County of Recording: El Paso Recording Date of Deed of Trust: November 10, 2003 Recording Information (Reception No. and/or Book/Page No.): 203263713 Original Principal Amount: $153,552.00 Outstanding Principal Balance: $117,394.91 Pursuant to CRS §38-38-101(4)(i), you are hereby notified that the covenants of the deed of trust have been violated as follows: failure to pay principal and interest when due together with all other payments provided for in the evidence of debt secured by the deed

of trust and other violations thereof. THE LIEN FORECLOSED MAY NOT BE A FIRST LIEN. THE EAST 55 FEET OF LOTS 9 AND 10 IN BLOCK 57 IN REFILING OF A PART OF THE EAST END ADDITION TO THE CITY OF COLORADO SPRINGS, EL PASO COUNTY, COLORADO. Also known by street and number as: 1426 EAST PLATTE AVENUE, COLORADO SPRINGS, CO 80909. THE PROPERTY DESCRIBED HEREIN IS ALL OF THE PROPERTY CURRENTLY ENCUMBERED BY THE LIEN OF THE DEED OF TRUST. NOTICE OF SALE The current holder of the Evidence of Debt secured by the Deed of Trust, described herein, has filed Notice of Election and Demand for sale as provided by law and in said Deed of Trust. THEREFORE, Notice Is Hereby Given that I will at public auction, at 10:00 on Wednesday, 05/24/2017, at Robert Russel Building, 105 East Vermijo, Suite 120, Colorado Springs, Colorado, 80903, sell to the highest and best bidder for cash, the said real property and all interest of the said Grantor(s), Grantor(s)’ heirs and assigns therein, for the purpose of paying the indebtedness provided in said Evidence of Debt secured by the Deed of Trust, plus attorneys’ fees, the expenses of sale and other items allowed by law, and will issue to the purchaser a Certificate of Purchase, all as provided by law. First Publication: 3/31/2017 Last Publication: 4/28/2017 Name of Publication: Colorado Springs Business Journal IF THE SALE DATE IS CONTINUED TO A LATER DATE, THE DEADLINE TO FILE A NOTICE OF INTENT TO CURE BY THOSE PARTIES ENTITLED TO CURE MAY ALSO BE EXTENDED; IF THE BORROWER BELIEVES THAT A LENDER OR SERVICER HAS VIOLATED THE REQUIREMENTS FOR A SINGLE POINT OF CONTACT IN SECTION 3838-103.1 OR THE PROHIBITION ON DUAL TRACKING IN SECTION 38-38103.2, THE BORROWER MAY FILE A COMPLAINT WITH THE COLORADO ATTORNEY GENERAL, THE FEDERAL CONSUMER FINANCIAL PROTECTION BUREAU (CFPB), OR BOTH. THE FILING OF A COMPLAINT WILL NOT STOP THE FORECLOSURE PROCESS. Colorado Attorney General 1300 Broadway, 10th Floor Denver, Colorado 80203 (800) 222-4444 www.coloradoattorneygeneral.gov Federal Consumer Financial Protection Bureau P.O. Box 4503 Iowa City, Iowa 52244 (855) 411-2372 www.consumerfinance.gov DATE: 01/20/2017 Thomas S. Mowle, Public Trustee in and for the County of El Paso, State of Colorado By: Thomas S. Mowle, Public Trustee The name, address, business telephone number and bar registration number of the attorney(s) representing the legal holder of the indebtedness is: Alison L. Berry #34531 JANEWAY LAW FIRM, P.C. 9800 S. Meridian Blvd., Suite 400 Englewood, CO 80112 (303) 706-9990 Attorney File # 16-013688 The Attorney above is acting as a debt collector and is attempting to collect a debt. Any information provided may be used for that purpose. ©Public Trustees’ Association of Colorado Revised 1/2015 COMBINED NOTICE - PUBLICATION CRS §38-38-103 FORECLOSURE SALE NO. EPC201700064 To Whom It May Concern: This Notice is given with regard to the following described Deed of Trust: On January 24, 2017, the undersigned Public Trustee caused the Notice of Election and Demand relating to the Deed of Trust described below to be recorded in the County of El Paso records. Original Grantor(s): Dorothea A. Parker Original Beneficiary(ies): Mortgage Electronic Registration Systems, Inc., acting solely as nominee for Quicken Loans Inc. Current Holder of Evidence of Debt: Ally Bank Date of Deed of Trust: October 16, 2006 County of Recording: El Paso Recording Date of Deed of Trust: October 30, 2006 Recording Information (Reception No. and/or Book/Page No.): 206158742 Original Principal Amount: $100,000.00 Outstanding Principal Balance: $70,336.48 Pursuant to CRS §38-38-101(4)(i), you are hereby notified that the covenants of the deed of trust have been violated as follows: failure to pay principal and interest when due together with all other payments provided for in the evidence of debt secured by the deed of trust and other violations thereof. THE LIEN FORECLOSED MAY NOT BE A FIRST LIEN. PLEASE SEE ATTACHED LEGAL DESCRIPTION EPC201700064 LEGAL DESCRIPTION A PORTION OF THE FOLLOWING

DESCRIBED TRACTS: LOT 1, CHATEAU AT ANTELOPE RIDGE FILING NO. 1, AND LOT 1 CHATEAU AT ANTELOPE RIDGE FILING NO. 2, COUNTY OF EL PASO, STATE OF COLORADO. MORE SPECIFICALLY DESCRIBED AS: PARCEL I: (A FEE SIMPLE AND A NONEXCLUSIVE EASEMENT INTEREST IN AND TO THE FOLLOWING :) IMPROVEMENTS LOCATED ON: THAT TRACT OR PARCEL DESIGNATED AS 172, ACCORDING TO THE LEASEHOLD MAP FOR CHATEAU AT ANTELOPE RIDGE RECORDED MARCH 27, 2002 UNDER RECEPTION NO. 202048860, COUNTY OF EL PASO, STATE OF COLORADO, WHICH IS LOCATED WITHIN THE FINAL PLATS OF CHATEAU AT ANTELOPE RIDGE FILING NO. 1, AND CHATEAU AT ANTELOPE RIDGE FILING NO. 2, COUNTY OF EL PASO, STATE OF COLORADO, TOGETHER WITH A NONEXCLUSIVE EASEMENT INTEREST OVER THOSE PRIVATE STREETS KNOWN AS GRAY FOX HEIGHTS, PINE MARTEN POINT, PIKA POINT, VALLEY QUAIL POINT, GROSBEAK POINT, VILLAGE C, VILLAGE D, VILLAGE E, VILLAGE F, VILLAGE G, BLACK BEAR POINT AND MARMOT POINT AND SHOWN ON SAID LEASEHOLD MAP. PARCEL II: (A LEASEHOLD INTEREST IN AND TO THE FOLLOWING: ) THAT TRACT OR PARCEL DESIGNATED AS 172, ACCORDING TO THE LEASEHOLD MAP FOR CHATEAU AT ANTELOPE RIDGE RECORDED MARCH 27, 2002 UNDER RECEPTION NO. 202048860, COUNTY OF EL PASO, STATE OF COLORADO, WHICH IS LOCATED WITHIN THE FINAL PLATS OF CHATEAU AT ANTELOPE RIDGE FILING NO. 1 AND CHATEAU AT ANTELOPE RIDGE FILING NO. 2, COUNTY OF EL PASO, STATE OF COLORADO. EXCEPT THE IMPROVEMENT THEREON. *** According to Corrective Affidavit Re: Scrivener’s Error Pursuant to C.R.S. §38‐35‐109(5) recorded November 7, 2016 at Reception No. 216129107 and re‐ recorded December 2, 2016 at Reception No. 216140480 to correct the legal description of the Deed of Trust. Also known by street and number as: 7793 Grosbeak Point, Colorado Springs, CO 80922. THE PROPERTY DESCRIBED HEREIN IS ALL OF THE PROPERTY CURRENTLY ENCUMBERED BY THE LIEN OF THE DEED OF TRUST. NOTICE OF SALE The current holder of the Evidence of Debt secured by the Deed of Trust, described herein, has filed Notice of Election and Demand for sale as provided by law and in said Deed of Trust. THEREFORE, Notice Is Hereby Given that I will at public auction, at 10:00 on Wednesday, 05/24/2017, at Robert Russel Building, 105 East Vermijo, Suite 120, Colorado Springs, Colorado, 80903, sell to the highest and best bidder for cash, the said real property and all interest of the said Grantor(s), Grantor(s)’ heirs and assigns therein, for the purpose of paying the indebtedness provided in said Evidence of Debt secured by the Deed of Trust, plus attorneys’ fees, the expenses of sale and other items allowed by law, and will issue to the purchaser a Certificate of Purchase, all as provided by law. First Publication: 3/31/2017 Last Publication: 4/28/2017 Name of Publication: Colorado Springs Business Journal IF THE SALE DATE IS CONTINUED TO A LATER DATE, THE DEADLINE TO FILE A NOTICE OF INTENT TO CURE BY THOSE PARTIES ENTITLED TO CURE MAY ALSO BE EXTENDED; IF THE BORROWER BELIEVES THAT A LENDER OR SERVICER HAS VIOLATED THE REQUIREMENTS FOR A SINGLE POINT OF CONTACT IN SECTION 3838-103.1 OR THE PROHIBITION ON DUAL TRACKING IN SECTION 38-38103.2, THE BORROWER MAY FILE A COMPLAINT WITH THE COLORADO ATTORNEY GENERAL, THE FEDERAL CONSUMER FINANCIAL PROTECTION BUREAU (CFPB), OR BOTH. THE FILING OF A COMPLAINT WILL NOT STOP THE FORECLOSURE PROCESS. Colorado Attorney General 1300 Broadway, 10th Floor Denver, Colorado 80203 (800) 222-4444 www.coloradoattorneygeneral.gov Federal Consumer Financial Protection Bureau P.O. Box 4503 Iowa City, Iowa 52244 (855) 411-2372 www.consumerfinance.gov DATE: 01/24/2017 Thomas S. Mowle, Public Trustee in and for the County of El Paso, State of Colorado By: Thomas S. Mowle, Public Trustee The name, address, business telephone number and bar registration number of the attorney(s) representing the legal holder of the indebtedness is: Nichole Williams #49611 Barrett Frappier & Weisserman, LLP 1199 Bannock Street Denver, CO 80204 (303) 350-3711 Attorney File # 3850.100134.X01 The Attorney above is acting as a debt collector and is attempting to collect a debt. Any information provided may be used for that purpose. ©Public Trustees’ Association of Colorado Revised 1/2015

COMBINED NOTICE - PUBLICATION CRS §38-38-103 FORECLOSURE SALE NO. EPC201700088 To Whom It May Concern: This Notice is given with regard to the following described Deed of Trust: On February 1, 2017, the undersigned Public Trustee caused the Notice of Election and Demand relating to the Deed of Trust described below to be recorded in the County of El Paso records. Original Grantor(s): ASHLEE FOREMAN Original Beneficiary(ies): MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC. AS NOMINEE FOR FREEDOM MORTGAGE CORPORATION, ITS SUCCESSORS AND ASSIGNS Current Holder of Evidence of Debt: FREEDOM MORTGAGE CORPORATION Date of Deed of Trust: December 19, 2012 County of Recording: El Paso Recording Date of Deed of Trust: January 08, 2013 Recording Information (Reception No. and/or Book/Page No.): 213003047 Original Principal Amount: $105,980.00 Outstanding Principal Balance: $98,469.25 Pursuant to CRS §38-38-101(4)(i), you are hereby notified that the covenants of the deed of trust have been violated as follows: failure to pay principal and interest when due together with all other payments provided for in the evidence of debt secured by the deed of trust and other violations thereof. THE LIEN FORECLOSED MAY NOT BE A FIRST LIEN. SEE ATTACHED LEGAL DESCRIPTION EPC201700088 LEGAL DESCRIPTION CONDOMINIUM UNIT 90, BUILDING L, PINON SUN CONDOMINIUMS, PHASE IV, ACCORDING TO THE CONDOMINIUM MAP THEREOF FILED FOR RECORD IN THE RECORDS OF THE OFFICE OF CLERK AND RECORDER OF EL PASO COUNTY, COLORADO ON JUNE 29, 1983 IN CONDOMINIUM PLAT BOOK 3 AT PAGE 58, AND AS DEFINED AND DESCRIBED IN THE CONDOMINIUM DECLARATION FOR PINON SUN CONDOMINIUMS RECORDED APRIL 27, 1982 IN BOOK 3557 AT PAGE 951, AND ANY SUPPLEMENTS AND/OR AMENDMENTS THEROF, CITY OF COLORADO SPRINGS, COUNTY OF EL PASO, STATE OF COLORADO. Also known by street and number as: 5045 SUNSUITE TRL, COLORADO SPRINGS, CO 80917-2685. THE PROPERTY DESCRIBED HEREIN IS ALL OF THE PROPERTY CURRENTLY ENCUMBERED BY THE LIEN OF THE DEED OF TRUST. NOTICE OF SALE The current holder of the Evidence of Debt secured by the Deed of Trust, described herein, has filed Notice of Election and Demand for sale as provided by law and in said Deed of Trust. THEREFORE, Notice Is Hereby Given that I will at public auction, at 10:00 on Wednesday, 05/31/2017, at Robert Russel Building, 105 East Vermijo, Suite 120, Colorado Springs, Colorado, 80903, sell to the highest and best bidder for cash, the said real property and all interest of the said Grantor(s), Grantor(s)’ heirs and assigns therein, for the purpose of paying the indebtedness provided in said Evidence of Debt secured by the Deed of Trust, plus attorneys’ fees, the expenses of sale and other items allowed by law, and will issue to the purchaser a Certificate of Purchase, all as provided by law. First Publication: 4/7/2017 Last Publication: 5/5/2017 Name of Publication: Colorado Springs Business Journal IF THE SALE DATE IS CONTINUED TO A LATER DATE, THE DEADLINE TO FILE A NOTICE OF INTENT TO CURE BY THOSE PARTIES ENTITLED TO CURE MAY ALSO BE EXTENDED; IF THE BORROWER BELIEVES THAT A LENDER OR SERVICER HAS VIOLATED THE REQUIREMENTS FOR A SINGLE POINT OF CONTACT IN SECTION 3838-103.1 OR THE PROHIBITION ON DUAL TRACKING IN SECTION 38-38103.2, THE BORROWER MAY FILE A COMPLAINT WITH THE COLORADO ATTORNEY GENERAL, THE FEDERAL CONSUMER FINANCIAL PROTECTION BUREAU (CFPB), OR BOTH. THE FILING OF A COMPLAINT WILL NOT STOP THE FORECLOSURE PROCESS. Colorado Attorney General 1300 Broadway, 10th Floor Denver, Colorado 80203 (800) 222-4444 www.coloradoattorneygeneral.gov Federal Consumer Financial Protection Bureau P.O. Box 4503 Iowa City, Iowa 52244 (855) 411-2372 www.consumerfinance.gov

DATE: 02/01/2017 Thomas S. Mowle, Public Trustee in and for the County of El Paso, State of Colorado By: Thomas S. Mowle, Public Trustee The name, address, business telephone number and bar registration number of the attorney(s) representing the legal holder of the indebtedness is: David R. Doughty #40042 JANEWAY LAW FIRM, P.C. 9800 S. Meridian Blvd., Suite 400 Englewood, CO 80112 (303) 706-9990 Attorney File # 17-014202 The Attorney above is acting as a debt collector and is attempting to collect a debt. Any information provided may be used for that purpose. ©Public Trustees’ Association of Colorado Revised 1/2015 COMBINED NOTICE - PUBLICATION CRS §38-38-103 FORECLOSURE SALE NO. EPC201700093 To Whom It May Concern: This Notice is given with regard to the following described Deed of Trust: On February 1, 2017, the undersigned Public Trustee caused the Notice of Election and Demand relating to the Deed of Trust described below to be recorded in the County of El Paso records. Original Grantor(s): BRIAN R. PIERCE Original Beneficiary(ies): MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC., ACTING SOLELY AS NOMINEE FOR ADAMS MORTGAGE, L.L.C. Current Holder of Evidence of Debt: OCWEN LOAN SERVICING, LLC Date of Deed of Trust: May 27, 2009 County of Recording: El Paso Recording Date of Deed of Trust: June 04, 2009 Recording Information (Reception No. and/or Book/Page No.): 209063403 Original Principal Amount: $242,300.00 Outstanding Principal Balance: $212,026.02 Pursuant to CRS §38-38-101(4)(i), you are hereby notified that the covenants of the deed of trust have been violated as follows: failure to pay principal and interest when due together with all other payments provided for in the evidence of debt secured by the deed of trust and other violations thereof. THE LIEN FORECLOSED MAY NOT BE A FIRST LIEN. LOT 21, BLOCK 2, RUSTIC HILLS 2, IN THE CITY OF COLORADO SPRINGS, COUNTY OF EL PASO, STATE OF COLORADO. Also known by street and number as: 5112 ROCKING R DRIVE, COLORADO SPRINGS, CO 80915. THE PROPERTY DESCRIBED HEREIN IS ALL OF THE PROPERTY CURRENTLY ENCUMBERED BY THE LIEN OF THE DEED OF TRUST. NOTICE OF SALE The current holder of the Evidence of Debt secured by the Deed of Trust, described herein, has filed Notice of Election and Demand for sale as provided by law and in said Deed of Trust. THEREFORE, Notice Is Hereby Given that I will at public auction, at 10:00 on Wednesday, 05/31/2017, at Robert Russel Building, 105 East Vermijo, Suite 120, Colorado Springs, Colorado, 80903, sell to the highest and best bidder for cash, the said real property and all interest of the said Grantor(s), Grantor(s)’ heirs and assigns therein, for the purpose of paying the indebtedness provided in said Evidence of Debt secured by the Deed of Trust, plus attorneys’ fees, the expenses of sale and other items allowed by law, and will issue to the purchaser a Certificate of Purchase, all as provided by law. First Publication: 4/7/2017 Last Publication: 5/5/2017 Name of Publication: Colorado Springs Business Journal IF THE SALE DATE IS CONTINUED TO A LATER DATE, THE DEADLINE TO FILE A NOTICE OF INTENT TO CURE BY THOSE PARTIES ENTITLED TO CURE MAY ALSO BE EXTENDED; IF THE BORROWER BELIEVES THAT A LENDER OR SERVICER HAS VIOLATED THE REQUIREMENTS FOR A SINGLE POINT OF CONTACT IN SECTION 3838-103.1 OR THE PROHIBITION ON DUAL TRACKING IN SECTION 38-38103.2, THE BORROWER MAY FILE A COMPLAINT WITH THE COLORADO ATTORNEY GENERAL, THE FEDERAL CONSUMER FINANCIAL PROTECTION BUREAU (CFPB), OR BOTH. THE FILING OF A COMPLAINT WILL NOT STOP THE FORECLOSURE PROCESS. Colorado Attorney General 1300 Broadway, 10th Floor Denver, Colorado 80203 (800) 222-4444 www.coloradoattorneygeneral.gov Federal Consumer Financial

Protection Bureau P.O. Box 4503 Iowa City, Iowa 52244 (855) 411-2372 www.consumerfinance.gov DATE: 02/01/2017 Thomas S. Mowle, Public Trustee in and for the County of El Paso, State of Colorado By: Thomas S. Mowle, Public Trustee The name, address, business telephone number and bar registration number of the attorney(s) representing the legal holder of the indebtedness is: Randall M. Chin #31149 Barrett Frappier & Weisserman, LLP 1199 Bannock Street Denver, CO 80204 (303) 350-3711 Attorney File # 00000006463582 The Attorney above is acting as a debt collector and is attempting to collect a debt. Any information provided may be used for that purpose. ©Public Trustees’ Association of Colorado Revised 1/2015 COMBINED NOTICE - PUBLICATION CRS §38-38-103 FORECLOSURE SALE NO. EPC201700096 To Whom It May Concern: This Notice is given with regard to the following described Deed of Trust: On February 2, 2017, the undersigned Public Trustee caused the Notice of Election and Demand relating to the Deed of Trust described below to be recorded in the County of El Paso records. Original Grantor(s): DONALD E. SMITH AND ALICE M. SMITH Original Beneficiary(ies): LEGACY MORTGAGE INC. Current Holder of Evidence of Debt: NATIONSTAR MORTGAGE LLC Date of Deed of Trust: September 26, 2003 County of Recording: El Paso Recording Date of Deed of Trust: September 30, 2003 Recording Information (Reception No. and/or Book/Page No.): 203228402 Original Principal Amount: $114,400.00 Outstanding Principal Balance: $81,633.71 Pursuant to CRS §38-38-101(4)(i), you are hereby notified that the covenants of the deed of trust have been violated as follows: failure to pay principal and interest when due together with all other payments provided for in the evidence of debt secured by the deed of trust and other violations thereof. THE LIEN FORECLOSED MAY NOT BE A FIRST LIEN. LOT 11 IN BLOCK 5, HOLLY HILLS FILING NUMBER 1, IN THE CITY OF COLORADO SPRINGS, COUNTY OF EL PASO, STATE OF COLORADO. Also known by street and number as: 4771 CRIMSON CIRCLE SOUTH, COLORADO SPRINGS, CO 80917-1612. THE PROPERTY DESCRIBED HEREIN IS ALL OF THE PROPERTY CURRENTLY ENCUMBERED BY THE LIEN OF THE DEED OF TRUST. NOTICE OF SALE The current holder of the Evidence of Debt secured by the Deed of Trust, described herein, has filed Notice of Election and Demand for sale as provided by law and in said Deed of Trust. THEREFORE, Notice Is Hereby Given that I will at public auction, at 10:00 on Wednesday, 06/07/2017, at Robert Russel Building, 105 East Vermijo, Suite 120, Colorado Springs, Colorado, 80903, sell to the highest and best bidder for cash, the said real property and all interest of the said Grantor(s), Grantor(s)’ heirs and assigns therein, for the purpose of paying the indebtedness provided in said Evidence of Debt secured by the Deed of Trust, plus attorneys’ fees, the expenses of sale and other items allowed by law, and will issue to the purchaser a Certificate of Purchase, all as provided by law. First Publication: 4/14/2017 Last Publication: 5/12/2017 Name of Publication: Colorado Springs Business Journal IF THE SALE DATE IS CONTINUED TO A LATER DATE, THE DEADLINE TO FILE A NOTICE OF INTENT TO CURE BY THOSE PARTIES ENTITLED TO CURE MAY ALSO BE EXTENDED; IF THE BORROWER BELIEVES THAT A LENDER OR SERVICER HAS VIOLATED THE REQUIREMENTS FOR A SINGLE POINT OF CONTACT IN SECTION 3838-103.1 OR THE PROHIBITION ON DUAL TRACKING IN SECTION 38-38103.2, THE BORROWER MAY FILE A COMPLAINT WITH THE COLORADO ATTORNEY GENERAL, THE FEDERAL CONSUMER FINANCIAL PROTECTION BUREAU (CFPB), OR BOTH. THE FILING OF A COMPLAINT WILL NOT STOP THE FORECLOSURE PROCESS. Colorado Attorney General 1300 Broadway, 10th Floor Denver, Colorado 80203

30 April 21 - April 27, 2017

Colorado Springs Business Journal

PUBLIC NOTICES (800) 222-4444 www.coloradoattorneygeneral.gov Federal Consumer Financial Protection Bureau P.O. Box 4503 Iowa City, Iowa 52244 (855) 411-2372 www.consumerfinance.gov DATE: 02/02/2017 Thomas S. Mowle, Public Trustee in and for the County of El Paso, State of Colorado By: Thomas S. Mowle, Public Trustee The name, address, business telephone number and bar registration number of the attorney(s) representing the legal holder of the indebtedness is: Randall M. Chin #31149 Barrett Frappier & Weisserman, LLP 1199 Bannock Street Denver, CO 80204 (303) 350-3711 Attorney File # 00000006456404 The Attorney above is acting as a debt collector and is attempting to collect a debt. Any information provided may be used for that purpose. ©Public Trustees’ Association of Colorado Revised 1/2015 COMBINED NOTICE - PUBLICATION CRS §38-38-103 FORECLOSURE SALE NO. EPC201700101 To Whom It May Concern: This Notice is given with regard to the following described Deed of Trust: On February 2, 2017, the undersigned Public Trustee caused the Notice of Election and Demand relating to the Deed of Trust described below to be recorded in the County of El Paso records. Original Grantor(s): JENNIFER I SELLERS AND JOSHUA D SELLERS Original Beneficiary(ies): MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC. AS NOMINEE FOR BROKER SOLUTIONS, INC. DBA NEW AMERICAN FUNDING, ITS SUCCESSORS AND ASSIGNS Current Holder of Evidence of Debt: BROKER SOLUTIONS, INC. DBA NEW AMERICAN FUNDING Date of Deed of Trust: December 19, 2014 County of Recording: El Paso Recording Date of Deed of Trust: December 19, 2014 Recording Information (Reception No. and/or Book/Page No.): 214117060 Original Principal Amount: $166,504.00 Outstanding Principal Balance: $162,099.07 Pursuant to CRS §38-38-101(4)(i), you are hereby notified that the covenants of the deed of trust have been violated as follows: failure to pay principal and interest when due together with all other payments provided for in the evidence of debt secured by the deed of trust and other violations thereof. THE LIEN FORECLOSED MAY NOT BE A FIRST LIEN. LOT 10, EVANS SUBDIVISION FILING NO.1, COUNTY OF EL PASO, STATE OF COLORADO. APN #: 54053-06-069 Also known by street and number as: 1790 MORAN COURT, COLORADO SPRINGS, CO 80915. THE PROPERTY DESCRIBED HEREIN IS ALL OF THE PROPERTY CURRENTLY ENCUMBERED BY THE LIEN OF THE DEED OF TRUST. NOTICE OF SALE The current holder of the Evidence of Debt secured by the Deed of Trust, described herein, has filed Notice of Election and Demand for sale as provided by law and in said Deed of Trust. THEREFORE, Notice Is Hereby Given that I will at public auction, at 10:00 on Wednesday, 06/07/2017, at Robert Russel Building, 105 East Vermijo, Suite 120, Colorado Springs, Colorado, 80903, sell to the highest and best bidder for cash, the said real property and all interest of the said Grantor(s), Grantor(s)’ heirs and assigns therein, for the purpose of paying the indebtedness provided in said Evidence of Debt secured by the Deed of Trust, plus attorneys’ fees, the expenses of sale and other items allowed by law, and will issue to the purchaser a Certificate of Purchase, all as provided by law. First Publication: 4/14/2017 Last Publication: 5/12/2017 Name of Publication: Colorado Springs Business Journal IF THE SALE DATE IS CONTINUED TO A LATER DATE, THE DEADLINE TO FILE A NOTICE OF INTENT TO CURE BY THOSE PARTIES ENTITLED TO CURE MAY ALSO BE EXTENDED; IF THE BORROWER BELIEVES THAT A LENDER OR SERVICER HAS VIOLATED THE REQUIREMENTS FOR A SINGLE POINT OF CONTACT IN SECTION 3838-103.1 OR THE PROHIBITION ON DUAL TRACKING IN SECTION 38-38103.2, THE BORROWER MAY FILE A COMPLAINT WITH THE COLORADO

ATTORNEY GENERAL, THE FEDERAL CONSUMER FINANCIAL PROTECTION BUREAU (CFPB), OR BOTH. THE FILING OF A COMPLAINT WILL NOT STOP THE FORECLOSURE PROCESS. Colorado Attorney General 1300 Broadway, 10th Floor Denver, Colorado 80203 (800) 222-4444 www.coloradoattorneygeneral.gov Federal Consumer Financial Protection Bureau P.O. Box 4503 Iowa City, Iowa 52244 (855) 411-2372 www.consumerfinance.gov DATE: 02/02/2017 Thomas S. Mowle, Public Trustee in and for the County of El Paso, State of Colorado By: Thomas S. Mowle, Public Trustee The name, address, business telephone number and bar registration number of the attorney(s) representing the legal holder of the indebtedness is: Sheila J. Finn #36637 JANEWAY LAW FIRM, P.C. 9800 S. Meridian Blvd., Suite 400 Englewood, CO 80112 (303) 706-9990 Attorney File # 17-014225 The Attorney above is acting as a debt collector and is attempting to collect a debt. Any information provided may be used for that purpose. ©Public Trustees’ Association of Colorado Revised 1/2015

ATTORNEY GENERAL, THE FEDERAL CONSUMER FINANCIAL PROTECTION BUREAU (CFPB), OR BOTH. THE FILING OF A COMPLAINT WILL NOT STOP THE FORECLOSURE PROCESS. Colorado Attorney General 1300 Broadway, 10th Floor Denver, Colorado 80203 (800) 222-4444 www.coloradoattorneygeneral.gov Federal Consumer Financial Protection Bureau P.O. Box 4503 Iowa City, Iowa 52244 (855) 411-2372 www.consumerfinance.gov DATE: 02/03/2017 Thomas S. Mowle, Public Trustee in and for the County of El Paso, State of Colorado By: Thomas S. Mowle, Public Trustee The name, address, business telephone number and bar registration number of the attorney(s) representing the legal holder of the indebtedness is: Sheila J. Finn #36637 JANEWAY LAW FIRM, P.C. 9800 S. Meridian Blvd., Suite 400 Englewood, CO 80112 (303) 706-9990 Attorney File # 15-009384 The Attorney above is acting as a debt collector and is attempting to collect a debt. Any information provided may be used for that purpose. ©Public Trustees’ Association of Colorado Revised 1/2015

COMBINED NOTICE - PUBLICATION CRS §38-38-103 FORECLOSURE SALE NO. EPC201700107 To Whom It May Concern: This Notice is given with regard to the following described Deed of Trust: On February 3, 2017, the undersigned Public Trustee caused the Notice of Election and Demand relating to the Deed of Trust described below to be recorded in the County of El Paso records. Original Grantor(s): DAISY LEE LASSITER Original Beneficiary(ies): PEOPLES MORTGAGE CORPORATION Current Holder of Evidence of Debt: BANK OF AMERICA, N.A. Date of Deed of Trust: January 22, 2010 County of Recording: El Paso Recording Date of Deed of Trust: January 22, 2010 Recording Information (Reception No. and/or Book/Page No.): 210006520 Original Principal Amount: $302,106.00 Outstanding Principal Balance: $318,405.44 Pursuant to CRS §38-38-101(4)(i), you are hereby notified that the covenants of the deed of trust have been violated as follows: failure to pay principal and interest when due together with all other payments provided for in the evidence of debt secured by the deed of trust and other violations thereof. THE LIEN FORECLOSED MAY NOT BE A FIRST LIEN. LOT 33, JESSICA HEIGHTS FILING NO. 1, EL PASO COUNTY, COLORADO. Also known by street and number as: 2355 MAJESTIC PLAINS COURT, COLORADO SPRINGS, CO 80915. THE PROPERTY DESCRIBED HEREIN IS ALL OF THE PROPERTY CURRENTLY ENCUMBERED BY THE LIEN OF THE DEED OF TRUST. NOTICE OF SALE The current holder of the Evidence of Debt secured by the Deed of Trust, described herein, has filed Notice of Election and Demand for sale as provided by law and in said Deed of Trust. THEREFORE, Notice Is Hereby Given that I will at public auction, at 10:00 on Wednesday, 06/07/2017, at Robert Russel Building, 105 East Vermijo, Suite 120, Colorado Springs, Colorado, 80903, sell to the highest and best bidder for cash, the said real property and all interest of the said Grantor(s), Grantor(s)’ heirs and assigns therein, for the purpose of paying the indebtedness provided in said Evidence of Debt secured by the Deed of Trust, plus attorneys’ fees, the expenses of sale and other items allowed by law, and will issue to the purchaser a Certificate of Purchase, all as provided by law. First Publication: 4/14/2017 Last Publication: 5/12/2017 Name of Publication: Colorado Springs Business Journal IF THE SALE DATE IS CONTINUED TO A LATER DATE, THE DEADLINE TO FILE A NOTICE OF INTENT TO CURE BY THOSE PARTIES ENTITLED TO CURE MAY ALSO BE EXTENDED; IF THE BORROWER BELIEVES THAT A LENDER OR SERVICER HAS VIOLATED THE REQUIREMENTS FOR A SINGLE POINT OF CONTACT IN SECTION 3838-103.1 OR THE PROHIBITION ON DUAL TRACKING IN SECTION 38-38103.2, THE BORROWER MAY FILE A COMPLAINT WITH THE COLORADO

COMBINED NOTICE - PUBLICATION CRS §38-38-103 FORECLOSURE SALE NO. EPC201700116 To Whom It May Concern: This Notice is given with regard to the following described Deed of Trust: On February 8, 2017, the undersigned Public Trustee caused the Notice of Election and Demand relating to the Deed of Trust described below to be recorded in the County of El Paso records. Original Grantor(s): JOSE E. LEON Original Beneficiary(ies): MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC., ACTING SOLELY AS NOMINEE FOR LENDER, BNC MORTGAGE, INC. Current Holder of Evidence of Debt: U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR STRUCTURED ASSET SECURITIES CORPORATION MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-BC5 Date of Deed of Trust: October 04, 2006 County of Recording: El Paso Recording Date of Deed of Trust: October 10, 2006 Recording Information (Reception No. and/or Book/Page No.): 206149569 Original Principal Amount: $123,000.00 Outstanding Principal Balance: $123,000.00 Pursuant to CRS §38-38-101(4)(i), you are hereby notified that the covenants of the deed of trust have been violated as follows: failure to pay principal and interest when due together with all other payments provided for in the evidence of debt secured by the deed of trust and other violations thereof. THE LIEN FORECLOSED MAY NOT BE A FIRST LIEN. LOT 191, RIDGEVIEW AT STETSON HILLS, FILING NO. 23, COUNTY OF EL PASO, STATE OF COLORADO. Also known by street and number as: 6431 BINDER DR, COLORADO SPRINGS, CO 80922. THE PROPERTY DESCRIBED HEREIN IS ALL OF THE PROPERTY CURRENTLY ENCUMBERED BY THE LIEN OF THE DEED OF TRUST. NOTICE OF SALE The current holder of the Evidence of Debt secured by the Deed of Trust, described herein, has filed Notice of Election and Demand for sale as provided by law and in said Deed of Trust. THEREFORE, Notice Is Hereby Given that I will at public auction, at 10:00 on Wednesday, 06/07/2017, at Robert Russel Building, 105 East Vermijo, Suite 120, Colorado Springs, Colorado, 80903, sell to the highest and best bidder for cash, the said real property and all interest of the said Grantor(s), Grantor(s)’ heirs and assigns therein, for the purpose of paying the indebtedness provided in said Evidence of Debt secured by the Deed of Trust, plus attorneys’ fees, the expenses of sale and other items allowed by law, and will issue to the purchaser a Certificate of Purchase, all as provided by law. First Publication: 4/14/2017 Last Publication: 5/12/2017 Name of Publication: Colorado Springs Business Journal IF THE SALE DATE IS CONTINUED TO A LATER DATE, THE DEADLINE TO FILE A NOTICE OF INTENT TO CURE BY THOSE PARTIES ENTITLED TO CURE MAY ALSO BE EXTENDED;

IF THE BORROWER BELIEVES THAT A LENDER OR SERVICER HAS VIOLATED THE REQUIREMENTS FOR A SINGLE POINT OF CONTACT IN SECTION 3838-103.1 OR THE PROHIBITION ON DUAL TRACKING IN SECTION 38-38103.2, THE BORROWER MAY FILE A COMPLAINT WITH THE COLORADO ATTORNEY GENERAL, THE FEDERAL CONSUMER FINANCIAL PROTECTION BUREAU (CFPB), OR BOTH. THE FILING OF A COMPLAINT WILL NOT STOP THE FORECLOSURE PROCESS. Colorado Attorney General 1300 Broadway, 10th Floor Denver, Colorado 80203 (800) 222-4444 www.coloradoattorneygeneral.gov Federal Consumer Financial Protection Bureau P.O. Box 4503 Iowa City, Iowa 52244 (855) 411-2372 www.consumerfinance.gov DATE: 02/08/2017 Thomas S. Mowle, Public Trustee in and for the County of El Paso, State of Colorado By: Thomas S. Mowle, Public Trustee The name, address, business telephone number and bar registration number of the attorney(s) representing the legal holder of the indebtedness is: Holly Ryan #32647 Medved Dale Decker & Deere, LLC 355 Union Blvd., Suite 250 Lakewood, CO 80228 (303) 274-0155 Attorney File # 16-922-29736 The Attorney above is acting as a debt collector and is attempting to collect a debt. Any information provided may be used for that purpose. ©Public Trustees’ Association of Colorado Revised 1/2015 COMBINED NOTICE - PUBLICATION CRS §38-38-103 FORECLOSURE SALE NO. EPC201700125 To Whom It May Concern: This Notice is given with regard to the following described Deed of Trust: On February 9, 2017, the undersigned Public Trustee caused the Notice of Election and Demand relating to the Deed of Trust described below to be recorded in the County of El Paso records. Original Grantor(s): Rodger L Baldridge and Joann C. Baldridge Original Beneficiary(ies): Mortgage Electronic Registration Systems, Inc., as nominee for DHI Mortgage Company LTD Current Holder of Evidence of Debt: Wells Fargo Bank, N.A. Date of Deed of Trust: May 16, 2006 County of Recording: El Paso Recording Date of Deed of Trust: May 24, 2006 Recording Information (Reception No. and/or Book/Page No.): 206075824 Original Principal Amount: $263,968.00 Outstanding Principal Balance: $231,394.37 Pursuant to CRS §38-38-101(4)(i), you are hereby notified that the covenants of the deed of trust have been violated as follows: failure to pay principal and interest when due together with all other payments provided for in the evidence of debt secured by the deed of trust and other violations thereof. THE LIEN FORECLOSED MAY NOT BE A FIRST LIEN. LOT 70, CLAREMONT RANCH FILING NO. 7, IN THE COUNTY OF EL PASO, STATE OF COLORADO, AFFIDAVIT OF CORRECTION RECORDED JUNE 2, 2005 UNDER RECEPTION NO. 205080598 AND JULY 19, 2005 UNDER RECEPTION NO. 205108709. Also known by street and number as: 2060 Dewhirst Drive, Colorado Springs, CO 80915. THE PROPERTY DESCRIBED HEREIN IS ALL OF THE PROPERTY CURRENTLY ENCUMBERED BY THE LIEN OF THE DEED OF TRUST. NOTICE OF SALE The current holder of the Evidence of Debt secured by the Deed of Trust, described herein, has filed Notice of Election and Demand for sale as provided by law and in said Deed of Trust. THEREFORE, Notice Is Hereby Given that I will at public auction, at 10:00 on Wednesday, 06/14/2017, at Robert Russel Building, 105 East Vermijo, Suite 120, Colorado Springs, Colorado, 80903, sell to the highest and best bidder for cash, the said real property and all interest of the said Grantor(s), Grantor(s)’ heirs and assigns therein, for the purpose of paying the indebtedness provided in said Evidence of Debt secured by the Deed of Trust, plus attorneys’ fees, the expenses of sale and other items allowed by law, and will issue to the purchaser a Certificate of Purchase, all as provided by law. First Publication: 4/21/2017

Last Publication: 5/19/2017 Name of Publication: Colorado Springs Business Journal IF THE SALE DATE IS CONTINUED TO A LATER DATE, THE DEADLINE TO FILE A NOTICE OF INTENT TO CURE BY THOSE PARTIES ENTITLED TO CURE MAY ALSO BE EXTENDED; IF THE BORROWER BELIEVES THAT A LENDER OR SERVICER HAS VIOLATED THE REQUIREMENTS FOR A SINGLE POINT OF CONTACT IN SECTION 3838-103.1 OR THE PROHIBITION ON DUAL TRACKING IN SECTION 38-38103.2, THE BORROWER MAY FILE A COMPLAINT WITH THE COLORADO ATTORNEY GENERAL, THE FEDERAL CONSUMER FINANCIAL PROTECTION BUREAU (CFPB), OR BOTH. THE FILING OF A COMPLAINT WILL NOT STOP THE FORECLOSURE PROCESS. Colorado Attorney General 1300 Broadway, 10th Floor Denver, Colorado 80203 (800) 222-4444 www.coloradoattorneygeneral.gov Federal Consumer Financial Protection Bureau P.O. Box 4503 Iowa City, Iowa 52244 (855) 411-2372 www.consumerfinance.gov DATE: 02/09/2017 Thomas S. Mowle, Public Trustee in and for the County of El Paso, State of Colorado By: Thomas S. Mowle, Public Trustee The name, address, business telephone number and bar registration number of the attorney(s) representing the legal holder of the indebtedness is: Erin Robson #46557 McCarthy & Holthus, LLP 7700 E. Arapahoe Road, Suite 230 Centennial, CO 80112 (877) 369-6122 Attorney File # CO-16-757515-LL The Attorney above is acting as a debt collector and is attempting to collect a debt. Any information provided may be used for that purpose. ©Public Trustees’ Association of Colorado Revised 1/2015 COMBINED NOTICE - PUBLICATION CRS §38-38-103 FORECLOSURE SALE NO. EPC201700127 To Whom It May Concern: This Notice is given with regard to the following described Deed of Trust: On February 9, 2017, the undersigned Public Trustee caused the Notice of Election and Demand relating to the Deed of Trust described below to be recorded in the County of El Paso records. Original Grantor(s): Brenda L. Jones Original Beneficiary(ies): Mortgage Electronic Registration Systems, Inc., acting solely as nominee for Castle & Cooke Mortgage, LLC Current Holder of Evidence of Debt: Wilmington Savings Fund Society, FSB, D/B/A Christiana Trust as Owner Trustee of the Residential Credit Opportunities Trust III Date of Deed of Trust: May 19, 2010 County of Recording: El Paso Recording Date of Deed of Trust: May 21, 2010 Recording Information (Reception No. and/or Book/Page No.): 210047763 Original Principal Amount: $157,730.00 Outstanding Principal Balance: $154,678.76 Pursuant to CRS §38-38-101(4)(i), you are hereby notified that the covenants of the deed of trust have been violated as follows: failure to pay principal and interest when due together with all other payments provided for in the evidence of debt secured by the deed of trust and other violations thereof. THE LIEN FORECLOSED MAY NOT BE A FIRST LIEN. LOT 5 IN BLOCK 8 IN NORTHRIDGE FILING NUMBER 1 IN THE CITY OF COLORADO SPRINGS, EL PASO COUNTY, COLORADO. Also known by street and number as: 3684 Haven Circle, Colorado Springs, CO 80917. THE PROPERTY DESCRIBED HEREIN IS ALL OF THE PROPERTY CURRENTLY ENCUMBERED BY THE LIEN OF THE DEED OF TRUST. NOTICE OF SALE The current holder of the Evidence of Debt secured by the Deed of Trust, described herein, has filed Notice of Election and Demand for sale as provided by law and in said Deed of Trust. THEREFORE, Notice Is Hereby Given that I will at public auction, at 10:00 on Wednesday, 06/14/2017, at Robert Russel Building, 105 East Vermijo, Suite 120, Colorado Springs, Colorado, 80903, sell to the highest and best bidder for cash, the said real property and all interest of the said Grantor(s), Grantor(s)’ heirs and assigns therein, for the purpose of paying the indebtedness provided in said Evidence

of Debt secured by the Deed of Trust, plus attorneys’ fees, the expenses of sale and other items allowed by law, and will issue to the purchaser a Certificate of Purchase, all as provided by law. First Publication: 4/21/2017 Last Publication: 5/19/2017 Name of Publication: Colorado Springs Business Journal IF THE SALE DATE IS CONTINUED TO A LATER DATE, THE DEADLINE TO FILE A NOTICE OF INTENT TO CURE BY THOSE PARTIES ENTITLED TO CURE MAY ALSO BE EXTENDED; IF THE BORROWER BELIEVES THAT A LENDER OR SERVICER HAS VIOLATED THE REQUIREMENTS FOR A SINGLE POINT OF CONTACT IN SECTION 3838-103.1 OR THE PROHIBITION ON DUAL TRACKING IN SECTION 38-38103.2, THE BORROWER MAY FILE A COMPLAINT WITH THE COLORADO ATTORNEY GENERAL, THE FEDERAL CONSUMER FINANCIAL PROTECTION BUREAU (CFPB), OR BOTH. THE FILING OF A COMPLAINT WILL NOT STOP THE FORECLOSURE PROCESS. Colorado Attorney General 1300 Broadway, 10th Floor Denver, Colorado 80203 (800) 222-4444 www.coloradoattorneygeneral.gov Federal Consumer Financial Protection Bureau P.O. Box 4503 Iowa City, Iowa 52244 (855) 411-2372 www.consumerfinance.gov DATE: 02/09/2017 Thomas S. Mowle, Public Trustee in and for the County of El Paso, State of Colorado By: Thomas S. Mowle, Public Trustee The name, address, business telephone number and bar registration number of the attorney(s) representing the legal holder of the indebtedness is: Susan J. Hendrick #33196 The Sayer Law Group, P.C. 9745 E. Hampden Ave., Suite 400 Denver, CO 80231 (303) 353-2965 Attorney File # CO160274 The Attorney above is acting as a debt collector and is attempting to collect a debt. Any information provided may be used for that purpose. ©Public Trustees’ Association of Colorado Revised 1/2015 COMBINED NOTICE - PUBLICATION CRS §38-38-103 FORECLOSURE SALE NO. EPC201700129 To Whom It May Concern: This Notice is given with regard to the following described Deed of Trust: On February 9, 2017, the undersigned Public Trustee caused the Notice of Election and Demand relating to the Deed of Trust described below to be recorded in the County of El Paso records. Original Grantor(s): ANGELA D. MILLER Original Beneficiary(ies): MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC. AS NOMINEE FOR HEARTLAND BANK, ITS SUCCESSORS AND ASSIGNS Current Holder of Evidence of Debt: MIDLAND STATES BANK Date of Deed of Trust: March 17, 2015 County of Recording: El Paso Recording Date of Deed of Trust: March 25, 2015 Recording Information (Reception No. and/or Book/Page No.): 215028116 Original Principal Amount: $223,654.00 Outstanding Principal Balance: $217,766.43 Pursuant to CRS §38-38-101(4)(i), you are hereby notified that the covenants of the deed of trust have been violated as follows: failure to pay principal and interest when due together with all other payments provided for in the evidence of debt secured by the deed of trust and other violations thereof. THE LIEN FORECLOSED MAY NOT BE A FIRST LIEN. LOT 7, BLOCK 9, THE COLORADO SPRINGS RANCH FILING NO. 1, COUNTY OF EL PASO, STATE OF COLORADO. Also known by street and number as: 3145 PONY TRACKS DRIVE, COLORADO SPRINGS, CO 80922. THE PROPERTY DESCRIBED HEREIN IS ALL OF THE PROPERTY CURRENTLY ENCUMBERED BY THE LIEN OF THE DEED OF TRUST. NOTICE OF SALE The current holder of the Evidence of Debt secured by the Deed of Trust, described herein, has filed Notice of Election and Demand for sale as provided by law and in said Deed of Trust. THEREFORE, Notice Is Hereby Given that I will at public auction, at 10:00 on Wednesday, 06/14/2017, at Robert Russel Building, 105 East Vermijo, Suite 120, Colorado Springs, Colorado, 80903, sell to the highest and best bidder for cash,

PUBLIC NOTICES the said real property and all interest of the said Grantor(s), Grantor(s)’ heirs and assigns therein, for the purpose of paying the indebtedness provided in said Evidence of Debt secured by the Deed of Trust, plus attorneys’ fees, the expenses of sale and other items allowed by law, and will issue to the purchaser a Certificate of Purchase, all as provided by law. First Publication: 4/21/2017 Last Publication: 5/19/2017 Name of Publication: Colorado Springs Business Journal IF THE SALE DATE IS CONTINUED TO A LATER DATE, THE DEADLINE TO FILE A NOTICE OF INTENT TO CURE BY THOSE PARTIES ENTITLED TO CURE MAY ALSO BE EXTENDED; IF THE BORROWER BELIEVES THAT A LENDER OR SERVICER HAS VIOLATED THE REQUIREMENTS FOR A SINGLE POINT OF CONTACT IN SECTION 3838-103.1 OR THE PROHIBITION ON DUAL TRACKING IN SECTION 38-38103.2, THE BORROWER MAY FILE A COMPLAINT WITH THE COLORADO ATTORNEY GENERAL, THE FEDERAL CONSUMER FINANCIAL PROTECTION BUREAU (CFPB), OR BOTH. THE FILING OF A COMPLAINT WILL NOT STOP THE FORECLOSURE PROCESS. Colorado Attorney General 1300 Broadway, 10th Floor Denver, Colorado 80203 (800) 222-4444 www.coloradoattorneygeneral.gov Federal Consumer Financial Protection Bureau P.O. Box 4503 Iowa City, Iowa 52244 (855) 411-2372 www.consumerfinance.gov DATE: 02/09/2017 Thomas S. Mowle, Public Trustee in and for the County of El Paso, State of Colorado By: Thomas S. Mowle, Public Trustee The name, address, business telephone number and bar registration number of the attorney(s) representing the legal holder of the indebtedness is: Nicholas H. Santarelli #46592 JANEWAY LAW FIRM, P.C. 9800 S. Meridian Blvd., Suite 400 Englewood, CO 80112 (303) 706-9990 Attorney File # 17-014309 The Attorney above is acting as a debt collector and is attempting to collect a debt. Any information provided may be used for that purpose. ©Public Trustees’ Association of Colorado Revised 1/2015 COMBINED NOTICE - PUBLICATION CRS §38-38-103 FORECLOSURE SALE NO. EPC201700140 To Whom It May Concern: This Notice is given with regard to the following described Deed of Trust: On February 15, 2017, the undersigned Public Trustee caused the Notice of Election and Demand relating to the Deed of Trust described below to be recorded in the County of El Paso records. Original Grantor(s): KECIA D COLE Original Beneficiary(ies): MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC. AS NOMINEE FOR GMAC BANK Current Holder of Evidence of Debt: THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION FKA THE BANK OF NEW YORK TRUST COMPANY, N.A. AS SUCCESSOR TO JP MORGAN CHASE BANK, NATIONAL ASSOCIATION, AS TRUSTEE FOR RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC., GMACM HOME EQUITY LOAN TRUST 2006-HE1 Date of Deed of Trust: November 30, 2005 County of Recording: El Paso Recording Date of Deed of Trust: December 06, 2005 Recording Information (Reception No. and/or Book/Page No.): 205193744 Original Principal Amount: $35,000.00 Outstanding Principal Balance: $31,161.34 Pursuant to CRS §38-38-101(4)(i), you are hereby notified that the covenants of the deed of trust have been violated as follows: failure to pay principal and interest when due together with all other payments provided for in the evidence of debt secured by the deed of trust and other violations thereof. THE LIEN FORECLOSED MAY NOT BE A FIRST LIEN. LOT 37 IN THE CASCADES AT SPRINGS RANCH FILING NO. 3, COUNTY OF EL PASO, STATE OF COLORADO. Also known by street and number as: 3015 PIER POINT, COLORADO SPRINGS, CO 80922. THE PROPERTY DESCRIBED HEREIN IS ALL OF THE PROPERTY CURRENTLY ENCUMBERED BY THE LIEN OF THE DEED OF TRUST. NOTICE OF SALE

The current holder of the Evidence of Debt secured by the Deed of Trust, described herein, has filed Notice of Election and Demand for sale as provided by law and in said Deed of Trust. THEREFORE, Notice Is Hereby Given that I will at public auction, at 10:00 on Wednesday, 06/14/2017, at Robert Russel Building, 105 East Vermijo, Suite 120, Colorado Springs, Colorado, 80903, sell to the highest and best bidder for cash, the said real property and all interest of the said Grantor(s), Grantor(s)’ heirs and assigns therein, for the purpose of paying the indebtedness provided in said Evidence of Debt secured by the Deed of Trust, plus attorneys’ fees, the expenses of sale and other items allowed by law, and will issue to the purchaser a Certificate of Purchase, all as provided by law. First Publication: 4/21/2017 Last Publication: 5/19/2017 Name of Publication: Colorado Springs Business Journal IF THE SALE DATE IS CONTINUED TO A LATER DATE, THE DEADLINE TO FILE A NOTICE OF INTENT TO CURE BY THOSE PARTIES ENTITLED TO CURE MAY ALSO BE EXTENDED; IF THE BORROWER BELIEVES THAT A LENDER OR SERVICER HAS VIOLATED THE REQUIREMENTS FOR A SINGLE POINT OF CONTACT IN SECTION 3838-103.1 OR THE PROHIBITION ON DUAL TRACKING IN SECTION 38-38103.2, THE BORROWER MAY FILE A COMPLAINT WITH THE COLORADO ATTORNEY GENERAL, THE FEDERAL CONSUMER FINANCIAL PROTECTION BUREAU (CFPB), OR BOTH. THE FILING OF A COMPLAINT WILL NOT STOP THE FORECLOSURE PROCESS. Colorado Attorney General 1300 Broadway, 10th Floor Denver, Colorado 80203 (800) 222-4444 www.coloradoattorneygeneral.gov Federal Consumer Financial Protection Bureau P.O. Box 4503 Iowa City, Iowa 52244 (855) 411-2372 www.consumerfinance.gov DATE: 02/15/2017 Thomas S. Mowle, Public Trustee in and for the County of El Paso, State of Colorado By: Thomas S. Mowle, Public Trustee The name, address, business telephone number and bar registration number of the attorney(s) representing the legal holder of the indebtedness is: David A. Shore #19973 Hellerstein and Shore, P.C. 5347 S. Valentia Way, Suite 100 Greenwood Village, CO 80111 (303) 573-1080 Attorney File # 17-00050SH The Attorney above is acting as a debt collector and is attempting to collect a debt. Any information provided may be used for that purpose. ©Public Trustees’ Association of Colorado Revised 1/2015 NOTICE OF UNCLAIMED OVERBID FUNDS CRS 38-38-111(2.5b)(3a,b,d)(5) PUBLIC TRUSTEE SALE NO. EPC201600900 To: Record Owner of the property as of the recording of the Notice of Election and Demand or other person entitled. You are advised that there are overbid funds due you. This Notice is given with regard to the following described Deed of Trust and Notice of Election and Demand: Name of Record Owner as evidenced on the Notice of Election and Demand or other person entitled : Denise L. Alexander Address of Record Owner as evidenced on the recorded instrument evidencing the owner’s interest: PO Box 75544, Jackson, MS 39282 Recording Date of Deed of Trust: September 29, 2005 Recording Information: 205153089 Recording Date of Notice of Election and Demand: August 22, 2016 Recording Information of Notice of Election and Demand: 216094212 Legal Description of Property CONDOMINIUM UNIT 24, BUILDING C IN PINON SUN CONDOMINIUM, PHASE I, ACCORDING TO THE CONDOMINIUM MAP THERETO FILED FOR RECORD IN THE RECORDS OF THE OFFICE OF THE CLERK AND RECORDER OF EL PASO COUNTY, COLORADO ON APRIL 27, 1982 IN CONDOMINIUM PLAT BOOK 3 AT PAGE 3, AND AS DEFINED AND DESCRIBED IN THE CONDOMINIUM DECLARATION FOR PINON SUN CONDOMINIUMS, RECORDED APRIL 27, 1982 IN BOOK 3557 AT PAGE 951, AND SUPPLEMENTS THERETO RECORDED IN SAID RECORDS. COUNTY OF EL PASO STATE OF COLORADO Street Address of Property

4745 Daybreak Circle Unit 24, Colorado Springs, CO 80917 NOTICE OF UNCLAIMED OVERBID FUNDS I sold at public auction, at 10:00 on 12/21/16, at Robert Russel Building, 105 East Vermijo, Suite 120, Colorado Springs, Colorado, 80903, to the highest and best bidder for cash, the real property described above. An overbid was realized from the sale and, unless the funds are claimed by the owner or other persons entitled thereto within six months from the date of sale, the funds due to you will be transferred to the general fund of the County of El Paso, State of Colorado, or to the State Treasurer as part of the “Unclaimed Property Act”, pursuant to Colorado law. Date: 3/2/17 Thomas S. Mowle, Public Trustee in and for the County of El Paso, State of Colorado By: Thomas S. Mowle, Public Trustee ©Public Trustees’ Association of Colorado Revised 9/2012 NOTICE OF UNCLAIMED

CSBJ

www.csbj.com

May 27, 2016

Special Communication from the Better Business Bureau of Southern Colorado

Colorado Coalition for Social Impact Commentary by Jonathan A. Liebert

Reprints eprints A Great Marketing Tool...

June 3, 2016, will mark the inception of a new partnership between BBB of Southern Colorado and Pikes Peak Small Business Development Center. We have teamed up to create the Colorado Coalition for Social Impact (CCSI). This new coalition will be made up of individuals and organizations that seek to promote the Fourth Sector of our economy. This new sector uses the powerful economic engine of capitalism to create massive value for communities by creating social impact. These businesses are a combination of a traditional for-profit business model mixed with a higher purpose or a mission typically found in the nonprofit sector. ww have many names These hybrid businesses w sbj. social enterprise, conscious.ccapitalism, certified com other new B-corporation, social business, and forms of business. The appearance of a new sector is not something that happens on a regular basis and we should take note of its ever growing number of businesses across Colorado and the nation, as it is attracting entrepreneurs, millennials, and small businesses. The goal of CCSI will be to:

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PUBLIC TRUSTEE SALE NO. EPC201600901 To: Record Owner of the property as of the recording of the Notice of Election and Demand or other person entitled. You are advised that there are overbid funds due following described Deed of Trust and Notice of Election and Demand: Name of Record Owner as evidenced on the Notice of Election and Demand or other person entitled: Steve E. Trudell Address of Record Owner as evidenced

consumer is even willing to spend more money if that product or service contributes to a cause.

• build awareness and education of this emerging sector

• More than half (55%) of global respondents in Nielsen’s corporate social responsibility survey say they are willing to pay extra for products and services from companies that are committed to positive social and environmental impact—an increase from 50 percent in 2012 and 45 percent in 2011 (Nielson.com, Doing Well by Doing Good)

• create an alliance of business and community leaders with like-minded interests • strengthen those already impacting our community • measure the sector’s impact. Measuring social impact will be an important part of understanding the value this sector can offer. Social Return on Investment (SROI) will be used to establish the monetary value of promoting our community’s economic and social health, but also the cost savings associated with reducing the use of public benefit programs. Studies show that when people can identify with a mission and understand that their contribution is working twice or three times, people get on board. This is true for staff but also for consumers. In the third stage of a consumer buying decision process, the consumer is evaluating alternatives. In our current market, studies have shown that if all other things are equal on a product or service— to include quality and customer service—that a

• If you can make your price comparable in addition to quality and customer service, 90% of U.S. consumers say they would switch brands to one associated with a cause, given comparable price and quality (Cone Communications/ Ebiquity’s 2015 Global CSR Study) • Six out of 10 Millennials said a sense of purpose is part of the reason they chose to work for their current employer (The Deloitte Millennial Survey 2016) The research is undeniable. There is a Fourth Sector of our economy emerging that will contribute to the social health of our community. Whether you are a business leader, social impact practitioner, or engaged community member, join BBB of Southern Colorado and Pikes Peak Small Business Development Center as we advance the conversation at our first Town Hall meeting.

MEMBER ANNIVERSARY

30 YEARS

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13, CCSI’s goal is to provide thought leadership, 2017 mentoring and resources to social entrepreneurs and organizations interested in impacting their community.

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25 YEARS JM Auto Repair Computer Resources Rampart Supply, Inc.

20 YEARS Bennett & Company Advisors, Inc.

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Colorado Springs, CO 80907 and espi third of th te th Sundown -gen Landscaping & Irrigation ing erati Sp eir e tim on Water Service, Inc. For more information, contact Gina Sacripanti Affordable prec its cu fam ri ng downt eles ow ners isi st ily s ow s (719) 447-3832 or GinaS@bbbsc.org. Clearview W on omer is obshop, n Co qual ofDistributors War Kn Jew al ki . the s ke ity loc To register, visit: go.bbb.org/1Xu2y7q wan II, W ep sessedthe K lorado igh visi elry ng in al wa on Year ch ted alte ticki with nigh to nitu ting Co. tch s in t W shop braialleng to st r Knig n’ — help t a long re an a hi at 19 K nigh Em . ploy busine tch with Aca n. So e hi art a ht (M the -shu d di story E. 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OVERBID FUNDS CRS 38-38-111(2.5b)(3a,b,d)(5)

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on the recorded instrument evidencing the owner’s interest: P.O. Box 834, Brookshire, TX Recording Date of Deed of Trust: May 30, 2007 Recording Information:

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207072302 Recording Date of Notice of Election and Demand: August 22, 2016 Recording

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Election and Demand: 216094213 Legal Description of Property LOT 178, INDIGO RANCH AT STETSON RIDGE FILING NO. 2, IN THE CITY OF COLORADO

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TO THE PLAT THEREOF RECORDED FEBRUARY 26, 2002 AT RECEPTION NO. 202031996 AND AS AMENDED BY AFFIDAVIT OF CORRECTION RECORDED JUNE 13, 2002 AT RECEPTION NO. 202096453, COUNTY OF EL PASO, STATE

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OF COLORADO. Street Address of Property 5788 Brennan Ave., Colorado Springs, CO 80923 NOTICE OF UNCLAIMED OVERBID FUNDS I sold at public auction, at 10:00 on 12/21/16, at Robert Russel Building, 105 East Vermijo, Suite 120, Colorado Springs, Colorado, 80903, to the highest and best bidder for cash, the real property described above. An overbid was realized from the sale and, unless the funds are claimed by the owner or other persons entitled thereto within six months from the date of sale, the funds due to you will be transferred to the general fund of the County of El Paso, State of Colorado, or to the State Treasurer as part of the “Unclaimed Property Act”, pursuant to Colorado law. Date: 3/2/17

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