The city is touting its success in selling $32.48 million in certificates of participation that will fund the U.S. Olympic Committee deal, which it claims is a price considerably below original estimates. But as with any complex financial deal, the devil is in the details — and the deal might not be as sweet as the city is spinning. “The [...] [...]
The City of Colorado Springs needs a volunteer for the City Investment Advisory Committee. The committee advises City staff and makes recommendations to City Council regarding investment policies and procedures. Applicants must have a background in finance and investment and be able to attend meetings, which are held at least twice yearly, to review portfolio [...] [...]
Attorney Lindsay Fischer filed a 25 page response yesterday in his lawsuit against the City of Colorado Springs, which alleges that the city’s plan to mortgage the Police Operations Center and Fire Station 8 and use the proceeds to pay for the proposed retention package for the U.S. Olympic Committee is illegal. Fischer filed the [...] [...]
The author of the economic impact analysis describes the study as ‘the ultimate downside risk analysis.'
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Attorney Lindsay Fischer, who has publicly expressed doubts about the legality of the city's plan to fund the economic development agreement with the U.S. Olympic Committee, says the city is making last-minute changes to the deal's funding structure.
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To ensure a more sustainable funding structure, the City of Colorado Springs should consider implementing new taxes and fees, extending or increasing existing taxes and fees, reducing existing tax exemptions, and augment or modify the way it provides services. [...]
Administrative Law Judge Robert Spencer dismissed a complaint Douglas Bruce filed against the city of Colorado Springs in which he alleged that the city attempted to influence the April municipal election by sending “quick facts” about the city’s budget through the Neighborhood Watch e-mail system. Bruce represented himself in the five-hour April 9 hearing, while senior [...] [...]
Colorado Springs is again attracting national attention – this time not for its expanding military population or faith-based organizations, but for its ranking as the #6 city on SustainLane.com’s “Top Ten Alternative Fueled City Fleets.” The survey was conducted by SustainLane, a “people powered guide to sustainable living” Web site that tracks and promotes green [...] [...]
FOX 21 News is reporting that LandCo, the company overseeing construction of the U.S. Olympic Committee building, has filed suit against the City of Colorado Springs and the USOC, saying the two have failed to keep promises of the development deal. Click here to read the story. [...]
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