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May 25, 2011
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Blended budget solution Mix of cuts, money-raising moves process. “The strategies that we bring to you tonight are sufficient to this.” generates support of City Council resolve While councilors did not take Reporter-Herald Staff Writer
A balanced mix of budget cuts and revenue-raising measures, designed to fix a looming $3.5 million budget deficit, passed muster with Loveland councilors Tuesday. City Manager Bill Cahill and
Nation at home with renting
Finance Director Renee Wheeler held forth during a study session, outlining the product of a four-month process that tackled the task of closing the gap that will hit the city in 2013 and the decade beyond. “The point was to anticipate and prevent a $3.5 million structural deficit,” Cahill said of the
formal action on the financial strategy, their consensus to support it was clear from comments. “We’re making cuts that are in no way as Draconian as in the rest of the world,” councilor Daryle Klassen said. Cahill said the job was made easier by an improving economy,
illustrated by falling unemployment rates in Larimer County and Loveland and city revenue that is running ahead of projections.
‘Turning A Corner’ “These are positive points that we don’t want to take to the bank just yet, but they show we’re turning a corner.” The cuts and money-raising strategies were partly the result See Council, Page A2
IN THEIR MEMORY
Homes sales rise
See Renters, Page A2
WASHINGTON — Israeli Prime Minister Benjamin Netanyahu told a cheering U.S. Congress on Tuesday he was willing to make “painful compromises” for peace with the Palestinians, but he offered little concrete to entice Palestinians back to the bargaining table. By giving such a high-profile speech before overwhelmingly supportive U.S. lawmakers, Netanyahu was able to demonstrate to Israelis that he retains strong backing in the United States despite his frosty relations with President Barack Obama. He also moved the needle on territorial compromise, for the first time explicitly saying in his address that Israel would have to give up some West Bank settlements. But Palestinians immediately rejected his overall peace package, which for the most part was a recycling of previously stated positions that the Palestinians had turned down. One senior Palestinian official even dubbed Netanyahu’s peace blueprint a “declaration of war.” — The Associated Press
More World news on D1-2
Larimer County commissioners deny pot delivery business
Housing market crash changing minds about owning a home WASHINGTON (AP) — A growing number of Americans can’t afford a home or don’t want to own one, a trend that’s spawning a generation of renters and a rise in apartment construction. Many of the new renters are former owners who lost homes to foreclosure or bankruptcy. For others who could afford one, a home now feels too costly, too risky or unlikely to apPage 2 preciate enough to make it a worthwhile investment. The proportion of U.S. households that own homes is at its lowest point since 1998. When the housing bubble burst four years ago, 31.6 percent of households were renters. Now, it’s at 33.6 percent and rising. Since the housing meltdown, nearly 3 million households have become renters. At least 3 million more are expected by 2015, according to census data. All told, nearly 38 million households are renters. Among the signs of a rising rental market: • The pace of apartment construction has surged 115 percent from its October 2009 low. It’s still well below a healthy level. But permits for apartments, a gauge of future construction, hit a two-year peak in March. By contrast, permits for singlefamily home are on pace for their lowest annual level on records dating to 1960. • The number of completed apartments averaged about 250,000 a year before the boom. They fell to 54,000
Netanyahu: Israel ready for ‘painful compromises’
Reporter-Herald/JENNY SPARKS
Laura Hixson, a designer at Earle’s Loveland Floral & Gifts, creates an arrangement Tuesday for Memorial Day at the store in Loveland. The shop creates arrangements for about 30 regular customers for the holiday. Most of the customers live out of town, so the shop employees not only create the arrangements, they also place them at the cemetery and take a photo at the site and send it to the customers. Kathi Lind, manager at the shop, said it means the world to them and helps keep them in contact with their memories of loved ones.
Vets hope to cash in on ACE Tech park could help some of state’s jobless ex-soldiers
Deputy Assistant Labor Secretary Junior Ortiz and Sumer Sorensen-Bain of the Colorado Association for Manufacturing and Technology visit the Agilent Technologies Inc. campus Tuesday.
By Tom Hacker
Reporter-Herald Staff Writer
Among those hanging high hopes on Loveland’s ACE technology manufacturing park are more than 50,000 unemployed veterans in Colorado. Their interests got a big boost Tuesday when a high-level delegation of U.S. Labor Department officials toured the Agilent Technologies Inc. campus, the projected home for the Aerospace Clean Energy Manufacturing and Innovation Park. “This is hand-in-hand with what our labor secretary wants to do,” said Junior Ortiz, deputy assistant secretary of labor for veterans’ employment and training. U.S. Labor Secretary Hilda Solis “is very fond of the notion of opening opportunities like this across the board, but especially for veterans,” Ortiz said. Ortiz and four regional and
Reporter-Herald/ TOM HACKER
state deputies joined two staff members from the Colorado Association for Manufacturing and Technology (CAMT), the lead agency behind the ACE project, on the tour of Agilent’s vast buildings.
Close To Agreement Agilent emerged as the favored site for ACE in April, and CAMT is moving closer to an agreement with a private development partner and the city on making the campus ready for occupancy. When ACE builds out over a
five-year period, it is projected to house as many as 100 manufacturing companies, all engaged in commercializing technology patents held by NASA and the Golden-based National Renewable Energy Laboratory. More than 7,000 people eventually would work at the site on projects that would move products to market in 18 months rather than the five-year path that new technologies usually follow.
FORT COLLINS — Larimer County won’t get a medical marijuana delivery service anytime soon. A Fort Collins newspaper reports the county commissioners Monday denied an application from Caring Touch Network to establish a medical marijuana grow and delivery service just outside Fort Collins’ city limits. The county planning commission and staff recommended denial of the application, saying the business would be incompatible with the neighborhood. The decision marks the end of Larimer County’s review of applications for medical marijuana businesses. The commissioners voted last year to ban the businesses but agreed to consider applications already in the system. — The Associated Press
More Region news on A5
Today’s weather forecast Slight chance High: 67 of t-storms Low: 43
Full forecast on A8 JUST WEIRD
Brazilian police say thief stole woman’s long hair SAO PAULO — Brazilian police say a thief cut off and stole a woman’s long hair while she waited at a bus stop. Police say the hair was virgin, meaning it had not been chemically treated, and will probably be sold for the production of wigs. Inspector Jose Carlos Bezerra da Silva said Friday that the woman was waiting for a bus in the central city of Goiania when the man used a knife-like weapon to cut the hair, which reached past her waist. She said she thought the man was going to steal her purse so she turned her back to him. Silva said he’d never seen a theft like it in 20 years. — The Associated Press
See ACE, Page A2
More Features on B1 Volume No.
Quality care when you need it most – Right now! LOVELAND URGENT CARE For life’s unexpected minor injuries and illnesses. Staffed by board-certified physicians Dr. Cynt Cynthia “Lee” Goacher and Dr. Judi Judith Fox
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By Tom Hacker
ReporterHerald.com