Capital Development Committee
The Capital Development Committee cleared History Colorado to sell decades-old donated mineral rights toward its collections care facility, then approved the Lakewood P3 affordable-housing redevelopment over the lone objections of Senator Byron Pelton, who questioned trading potential housing units for artist studio space.
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Notable Quotes
“Mr. Creighton, so far today, we've received $5,000 since we've had these properties. So it hasn't been Fully developed. So really the value lies in the future development. So that's where if we sell now, we can maximize that potential versus if we wait, we're looking at those lease royalties or sorry, the royalties from drilling over a period of 25, 25 plus years.”
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Sign in to subscribeCapital development committee order. Ms. Forbes, please call the roll. Senators and Representatives. Henriksen. Excused. Lindsey. Excused. Helton B. Present. Winter. Good morning. Story here and Mr. Chair here. Members. First up on the agenda today we have a consideration of a bill request from History Colorado. Do we have Don Deprance and Chris Creighton with us? Come on up, Mr. Prince. Thank you, Mr. Chair. Welcome. Thank you all. I appreciate your time today. I am Don Deprence, president and CEO with History Colorado. And I have Chris Creighton with me who is our cfo. And we have a request in front of you today. We are seeking approval to be able to sell mineral rights that were donated to us in 1966 as part of the estate of Eleanor Byne. She passed away in 1966. She was the director of the national bank of Berthoud and passed away unexpectedly at the age of 49. Donated her estate to the state Historical Society. And part of that estate just happened to be these mineral rights. We would like to, as we have done in the past, sell these mineral rights to benefit the Historical society as part of the…
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