Capital Development Committee

Friday, January 30, 2026·26m·▶ Watch / Listen

The Capital Development Committee unanimously authorized History Colorado to pursue legislation selling donated mineral rights worth up to $800,000, then approved all four motions advancing a major Lakewood public-private partnership to redevelop state parcels into affordable housing, attainable housing, child care facilities, and artist studios — with Senator Rod Pelton casting the lone dissenting vote on each Lakewood motion.

Key Actions

·No Bill Number – History Colorado Mineral Rights Sale (Bill Request)Passed

+ 1 more action

Controversies

Artist studio space versus additional housing units at Lakewood P3

Senator Rod Pelton argued he was 'having a hard time' with the artist studio space, asking whether it could instead accommodate more housing units. Brenda Lee Connors countered that removing the art space would result in a smaller community building rather than additional units, and that physically the space could yield 'probably two at the most' additional apartments. Pelton voted No on all four Lakewood P3 motions.

Notable Quotes

“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.”
Chris Creighton, CFO, History Colorado — Creighton was explaining why History Colorado believes selling the donated mineral rights now is preferable to continuing to collect royalties, in response to questions about the historical and future value of the rights.

+ 4 more quotes

Votes

Provide drafting authority to OLS to create a bill for the purpose of selling History Colorado mineral rightsPassed

Yes (3)Pelton B [UNCLEAR which Pelton, Winter [Ty Winter, Story [Tammy Story

Approve the request from the Department of Personnel and Administration to redevelop parcel one and the Flex parcel at the Lakewood complex through a public private partnership for use as affordable housing, a child care facility and artist studios and galleriesPassed

Yes (3)Winter [Ty Winter, Story [Tammy Story, Mr. Chair

Approve the request from the Department of Personnel and Administration to enter into a long term ground lease and other related contracts to redevelop parcel one and the Flex parcel at the Lakewood complex through a public private partnership for use as affordable housing, a child care facility and artists, studios and galleriesPassed

Yes (3)Winter [Ty Winter, Story [Tammy Story, Mr. Chair

CDC approve the request from the Department of Personnel and Administration to redevelop parcel two and the adjacent Reed street parcel at the Lakewood complex through a public private partnership for use as affordable housing, attainable housing and child care facilitiesPassed

Yes (3)Winter [Ty Winter, Story [Tammy Story, Mr. Chair

CDC approve the request from the Department of Personnel and Administration to enter into contracts and sale agreements for the sale and redevelopment of Parcel 2, 1900 Reed street and the adjacent Reed street parcel in LakewoodPassed

Yes (3)Winter [Ty Winter, Story [Tammy Story, Mr. Chair

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TranscriptPreview

Capital 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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