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Entries posted by john.hazlehurst

A few months ago, Glen Gustafson, School District 11’s CFO, said that the district’s financial problems required the closure of underutilized schools. The arithmetic is compelling: two half-full schools cost nearly twice as much to operate, staff and maintain as does one full school. During the last 10 years, the district tried a number of… Continue Reading There goes the neighborhood: The unintended consequences of good business decisions

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Every year, in order to comply with the Safe Drinking Water Act of 1996, Colorado Springs Utilities provides its customers with an annual water quality report. To a lay reader, the report is alarming, even terrifying. As required by law, CSU lists every “contaminant” that is present in our drinking water. It’s an a dismaying… Continue Reading Tap water likely better — and it’s a lot cheaper

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Pueblo issues conditions for SDS

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Pueblo County indicated this morning that there are a number of conditions that must be met before it issues permits for the southern delivery system that will pipe water into Colorado Springs to support future growth. The conditions come after months of negotiations between Springs and Pueblo officials.  “At our initial glance, it looks as if… Continue Reading Pueblo issues conditions for SDS

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Deal or no deal?

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City appears to be in no rush to issue COPs to pay for USOC headquarters project The City of Colorado Springs has yet to market the debt instruments that will pay for its share of the cost of building new facilities for the U.S. Olympic Committee and the Olympic Training Center. The city’s commitment, estimated… Continue Reading Deal or no deal?

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Certificates of participation (COPs)

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Certificates of participation (COPs) are a kind of municipal debt which can be contracted by cities without voter approval. Courts have ruled that, because of their structure, COPs do not constitute long-term obligations of the issuing authority, and are therefore exempt from state and local laws that require voter approval of long-term debt. COPs were… Continue Reading Certificates of participation (COPs)

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The deal

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The U.S. Olympic Committee/Olympic Training Center project cost was originally estimated at $53.5 million. The city’s share is about $27 million, to be financed by certificates of participation. The El Pomar Foundation will kick in $2 million, and the state economic development office has agreed to provide $500,000. LandCo Equity Partners LLC had reportedly secured… Continue Reading The deal

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He that troubleth his own house shall inherit the wind — Proverbs 11:29 Are you a Christian? Or do you subscribe to Islam, or Judaism, or Ba’Hai, or Buddhism, or Shinto, or Zoroastrianism, or Jainism, or Taoism or Hinduism? Maybe you’re a Wiccan, or an Animist, or an Agnostic or an Atheist. Welcome one and… Continue Reading Perhaps The Shepherd somehow missed the memo about the Clovis

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In a mostly sensible column in the New York Times a few days ago, David Brooks talked about education:
“If there is one thing we have learned over the bitter experience of the past 30 years, it is that per-pupil expenditures and days in the classroom are not sufficient to produce superb information-economy workers. They emerge from intact families, quality neighborhoods and healthy moral cultures.” Continue Reading It’s about time we actually started teaching the children well

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This year’s snowfall has benefited every ski area in Colorado.
Kelly Ladyga, a spokeswoman for Vail Resorts, which owns the Vail, Beaver Creek, Breckinridge and Keystone ski areas, declined to discuss skier visits or other sales data, citing Vail’s status as a public company, but confirmed that a big snow year has a positive effect on future business because Colorado’s image in the ski community improves dramatically. Continue Reading Record snow should benefit resorts both this year and next

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Within the next two weeks, the Bureau of Reclamation will release the draft environmental impact study for the Southern Delivery System.
The bureau has released most of the technical documents that the EIS will be based on. One of them, the “Water Resources Technical Report,” weighs in at 649 pages, takes 30.5 MB of memory and includes 75 tables, 95 maps, graphs and illustrations, and a two-page “List of Abbreviations.” Continue Reading EIS likely to remove some, but not all, SDS obstacles

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