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By Molly [email protected]

Beet Street’s draft businessplan for its new Arts Incubator ofthe Rockies shows that it expectsto lose money on the project untilat least 2014.Income from grants, member-

ships, classes and ticketed eventswill serve as thebackbone forthe new incu-bator, and itshould startmaking moneyright away. Butstartup expens-es will meanestimated loss-es to BeetStreet of $78,000 in 2012 and$56,000 in 2013. A net gain toBeet Street of $59,000 is projectedfor 2014.Spending money up front is

necessary to get the incubator offthe ground, according to thebusiness plan. To minimize riskto the organization, a phasedapproach will be used to imple-ment the programs that will behoused in the incubator.

By Steve [email protected]

WELD COUNTY – Oil andgas revenues have been pumpingup government coffers acrossNorthern Colorado but some ofthe money also is being spent torepair roads, bridges and infra-structure damaged by the trans-port of heavy equipment servingthe oil-and-gas industry.“Like anything, you get chal-

lenges with these opportunities,”said Sean Conway, Weld County

commissioner. “There is animpact, and we’re trying to ana-lyze what roads are being mostimpacted as we upgrade ourlong-term transportation plan.”Janet Carter, Weld County

public works traffic engineer,said so far about 81 miles ofroads – called haul routes – havebeen identified for improve-ments in 2012.Carter said county commis-

sioners have set aside $8 millionfrom federal mineral lease pay-ments and severance taxes

received over the last few years toaddress the haul route projects.She said oil and gas companiesare also contributing directly onsome routes and providing in-kind materials, such as freshgravel and magnesium chloridefor dust control.Conway noted that most

drilling is taking place in remote,rural areas where existing roadsthat once had 10 to 12 vehiclesper day are now seeing hundredsof vehicles daily.

$ 1Dec. 2-15, 2011Vol. 17, No. 5www.ncbr.com

NEWSJob postings onrise across NoCoHiring picks upin manufacturing,other sectorsPage 3

Seeing thingsin a new lightLight Center adaptsto economy, expectsbrighter days aheadPage 3

Engines Lab to get$17M renovationSmokestacks to berebuilt, topped withvertical wind turbinesPage 5

THE EDGEIndex merry thisholiday seasonSigns indicate economyrecoverying in timefor holiday seasonPage 9

SPECIALREPORTSCONSTRUCTION &ARCHITECTURE/OFFICE DESIGNIndustry feelingoptimistic withbig improvementsPage 17

LISTSWealthmanagement firmswith locations inNorthern ColoradoPages 14-15

Architecture firmsPage 19

Office furniture anddesign studiosPage 21

Millions in tax dollars go to repair ‘haul routes’

GreenBook

Losses inincubator’sfirst years

See OIL INDUSTRY, 24

Your resourcefor all thingssustainable

Inside

See BEET, 26

FLOWERS

HEAVY LOADS — Weld County roads now see hundreds of vehicles every day.

Oil traffic takes toll on roads

By Molly [email protected]

Jay Stoner, the Fort Collinsdeveloper who fell on hard timesamid the real estate meltdown, isnot giving up on his storiedRiverwalk project, renaming itNine Bridges, and is in the hunt

for a new financing partner.Stoner, at one time one of the

region’s most successful develop-ers, could not put a final price tagon the project, but estimated thatthe first stage of development atNine Bridges West alone couldcost as much as $12 million.

Courtesy Weld County

See NINE BRIDGES, 25

VIEW FROM ABOVE —Rendering shows the viewof Nine Bridges from ahotel balcony across a pub-lic park, as envisioned bydeveloper Jay Stoner.Stoner is looking for financ-ing to develop more than900 acres in two locationsnear Interstate 25. Courtesy Stoner Cos.

Stoner puts new face on old project

2 | Northern Colorado Business Report www.ncbr.com | Dec. 2-15, 2011

By Molly [email protected]

The inaugural Colorado Gives Day—held Dec. 8, 2010 — was so successfulthat Community First Foundation, theDenver-based nonprofit that foundedthe event, didn’t bother setting afundraising goal this year.Colorado Gives Day 2010 raised $8.7

million statewide, far exceeding its goalof $1 million and setting the bar sky-high for this year’s fundraiser, to be heldDec. 6.“We would like to raise more than last

year’s $8.7 million for Colorado charitiesand make Dec. 6 the largest day of onlinegiving in the state,” said Caitlin Jenney ofCommunity First Foundation. “There isno indication that Dec. 6 won’t be suc-cessful.We have more than 850 nonprof-its as GivingFirst.org participants thisyear and we have heard from manyregarding their Colorado Gives Daymarketing campaigns.”Colorado Gives Day 2010 featured

539 nonprofits.Colorado Gives Day will last 24

hours, beginning at midnight Dec. 6,and donors can give online at www.giv-ingfirst.org/cogivesday to any of thenonprofits involved. The wide variety ofnonprofits involved means that anydonor can choose a cause about whichthey feel passionate.Organizations set up profiles for them-

selves, complete with mission statements,financials, programs and events and docu-ments asserting their validity as nonprofits.

The online donating format alsomeans that donations as small as $10 canbe taken, without fear of a donor feelingthat his or her donation is too small,according to Patrick Brady, president ofFirstBank Northern Colorado.FirstBank is sponsoring the event

statewide for the second year, and hascommitted $500,000 to the cause to getthings started. The bank will take care ofall credit card and processing fees associ-ated with donations, so that 100 percentof the donation goes to the nonprofit.Included in FirstBank’s commitment

is a $300,000 incentive fund and 12“High Five” prizes at $5,000 each. Threeprizes will be awarded to nonprofits ineach of four categories: most donors,most dollars raised, largest percentincrease in dollars raised, and most dol-lars raised through fundraising pages.Also new to the event this year are the

Bonus Bucks prizes, given hourly to thenonprofit supported by a randomly chosendonor. These prizes are sponsored by localbusinesses, including EKS&H andOtterCares, the charitable armof OtterBox.“My wife Nancy and I believe that to

whom much is given, much is expected,”said Curt Richardson, CEO of OtterBox.“We try to help our employees under-stand the importance of giving back tothe community.”Combined, 23 Larimer and Weld

County nonprofits were involved inColorado Gives Day 2010. They receiveda total of 555 donations for just morethan $251,000. This year, 50 nonprofitsare on board, hoping to bolster their

fundraising efforts for the year.Some nonprofits have specific goals

in mind, while others are simply lookingfor a way to take the sting out of the lossof government funds as lawmakers con-tinue to trim budgets.For example, High Plains Library

District, a Weld County nonprofitinvolved in Colorado Gives Day, needs$50,000 for a literacy playground.Greeley Center for Independence is aim-ing for an accessible bus for those itserves with disabilities.Thirteen nonprofits in Weld County

are participating in the event this year,up from five in 2010. The Longs PeakCouncil of Boys Scouts of America,which encompasses chapters in bothLarimer andWeld Counties, is returningfor a second year after receiving $40,000last year.The remaining 37 nonprofits in

Northern Colorado are located inLarimer County, up from 14 in 2010.Respite Care, which received the

largest donation last year of more than$119,000, plans to use the funds itreceives this year to expand its summerday-camp program, which it has had to

expand in the last year due to increaseddemand.Money from Gives Day last year

went into Respite Care’s operating fundfor various support programs, accord-ing to LeAnn Massey, executive direc-tor. In addition to the donations,Respite Care received a total of $8,000in incentive funds and savings fromFirstBank’s processing of credit cardtransactions.Respite Care, which works to support

children with developmental disabilities,receives no state funding,Massey said, sodonations are of the utmost importancefor offsetting costs paid by families thatmake use of the program.Not just any nonprofit can take part

in Colorado Gives Day. In order to befeatured on the website for donations,nonprofits must apply with theCommunity First Foundation, provethey are a registered 501 (c)(3), thenattend an introductory session and cre-ate a profile for themselves.The reach of Colorado Gives Day

extends past a 24-hour period inDecember. Recurring donations can beset up through the website, providingnonprofits with a steadier stream ofincome throughout the year.Nonprofits can also keep a link to

their Gives Day profile on their regularwebsite all year long, according to GwenSchooley of A Kid’s Place, a Greeleyorganization aimed at advocating forabused and neglected children. It keeps alink to its profile on its website at alltimes.

Colorado Gives Day aims to surpass 2010 goal

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Dec. 2-15, 2011 | www.businessreportdaily.com Northern Colorado Business Report | 3

Animals lovereduction ofLHS services

S M A L L B U S I N E S S E N T E R P R I S E

INSIDEBanking . . . . . . . . . . . . . .6Briefcase . . . . . . . . . . .13Calendar . . . . . . . . . . . .13Classifieds . . . . . . . . . .26Commentary . . . . . . . .30For The Record . . . . . . .27Health . . . . . . . . . . . . . . .8On The Job . . . . . . . . . .12Tax & Investment . . . . .16

In order to prevent apossible $33.5 milliondeficit over the next 10years, the city of Lovelandwill be reducing its contractwith the Larimer HumaneSociety, which provides ani-mal protection and controlservices, by 20 percent.Residents of Loveland

should make note of thereductions, changes and pri-oritization of calls, which gointo effect Jan. 1.Perhaps most notable,

field service will go frommultiple LHS officerspatrolling seven days a weekdown to one officerpatrolling five days a weekfor eight hours per day,which is better than hearing,“Here, puppy, here.”So, dawg, if now you

have a run-in with “thefuzz” and they call in forassistance, you will be a toppriority for animal control.Bad dog!But if you’re out chasing

cars and get injured orappear to have rabies, youjust dropped down to aLevel 2 priority. Felinesstuck in trees will have tocall from a rotary phone tobe considered for rescue.If you like to bark, er,

talk, really loud and lateinto the night, or cases ofyour human not obedientlycleaning up after you will betreated as bottom-level pri-orities.Old dogs: perhaps you

can figure out why the mostworthy reasons to call in acomplaint to LHS are con-sidered the least pressing.

THE

EYEBy Steve [email protected]

Private and public employment agenciessay they’re seeing a definite rise in job post-ings, a sign that businesses – includingmanufacturers – may be more interested inhiring than they have been since the GreatRecession struck Northern Colorado.

That mirrors a recent national reportthat showed employers across the nationadvertising more jobs than at any point inthe last three years. And it reinforces declin-ing unemployment rates seen in bothLarimer and Weld counties over the lastyear, according to statistics from the statelabor department.In October, the unemployment rate in

Larimer County was 6.1 percent, downfrom 6.8 percent in October 2010. Weld’sOctober unemployment rate was 8.7 per-cent, down from 9.5 percent a year earlier.In Northern Colorado, the higher job-

posting trend has been under way muchlonger than at the national level, according

to local employment service offices andstaffing agencies.“Our job orders have definitely gone up

consistently over the past year,” said KathyDotson, business development manager forthe Larimer County Workforce Center.Dotson said there was an 80 percent

increase in new positions posted at the cen-ter from January through August. “It’s beena consistent increase this year and reallythrough 2010, too.”Dotson said the Workforce Center listed

135 openings in August 2010 compared to225 in August of this year. That numberdipped somewhat this fall, with 168 listings

Hiring picks upin manufacturing,other sectors

Job postings on the rise across NoCo

Seeing things in a new light

By Molly [email protected]

It’s a bit of a family affair at The LightCenter.Larry and Kay Edwards founded the

business — across the street from its cur-rent location on College Avenue in FortCollins — in 1971. Now Larry operates itin conjunction with daughter JenniferGuerriero, manager and a part-owner ofthe company.But blood relation isn’t the only kind

of family that lives under The LightCenter roof. Three of its 30 employeeshave been with the company for morethan 25 years, sharing their knowledge ofhow best to light up a home, store, officeor any other space with countless cus-tomers over the years. This year is thecompany’s 40th anniversary.The “family” extends further into the

list of the builders and electrical contrac-tors with whom Edwards and hisemployees have formed relationshipsover the years, including builders likeABD Design/Build and Spanjer Homes.

Light Centerexpects brighterdays ahead

See JOBS, 20

Jonathan Castner, Northern Colorado Business Report

Good relations — Larry Edwards and his daughter Jennifer Guerriero together run the Light Center, nowmarking its 40th year in business.

Lessons learned

ChallengeThe major drop in residential construction during the recession. Single-family permits forNorthern Colorado declined approximately 80 percent in the worst year of the downturn.

Solution

The company realigned staff and held onto all of its sales personnel. It broadened itsmarketing to the energy-retrofit market. It also hired additional experienced sales staff tofocus on the builder and remodel market. Also, it remodeled its showroom, displaying abroader product base including accessories, mirrors, LED products.

By Steve [email protected]

LOVELAND – Poudre Valley HospitalSystem and Longmont United Hospital aremerging their heart-surgery programs tocreate one of the largest such programs inthe state.As part of the move, cardiovascular sur-

geons Dr. Mark Douthit and Dr. ThomasMatthew, who have been independentlyproviding open-heart surgery services at

LUH, have joined Poudre Valley MedicalGroup, a network of medical professionalswho are employees of PVHS.Drs. Douthit and Matthew will combine

their skills with surgeons Mark Guadagnoliand Michael Stanton, who perform heartsurgeries at MCR.PVHS, which includes Poudre Valley

Hospital in Fort Collins and Medical Centerof the Rockies in Loveland, performs between280 and 300 open-heart surgeries each year atMCR. Cardiovascular surgeons at Longmont

United perform about 50 per year.The combined open-heart surgery pro-

gram will be based at MCR beginning inFebruary.Open-heart surgery is a lucrative busi-

ness for hospitals.Charges can run between $115,000 and

$325,000, depending on the severity andcomplexity of the patient’s condition.Grace Taylor, PVHS’ chief strategic officer,

said that doesn’t mean PVHS or MCR will

Heart surgery programs to merge

See HEART, 21

See ENTERPRISE, 24

Volume 17, Number 5 Copyright 2011.BizWest Media LLC

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www.ncbr.com | Dec. 2-15, 20114 | Northern Colorado Business Report

C O R R E C T I O N S

Northstar Homes in Loveland filed for Chapter 11 reorganization, not Chapter 7,as was reported in the For the Record section in the Nov. 18 issue of NorthernColorado Business Report.

The Business Report will correct any errors that appear in its pages. To suggest acorrection or clarification, please contact editor Allen Greenberg at 970-232-3142, ore-mail him at [email protected].

By Steve [email protected]

FORT COLLINS – Saving money onenergy is something every manufacturerwants to do, but often just getting theproduct out the door each day can focusattention away from that goal.The Industrial Assessment Center at

Colorado State University is offering anopportunity for mechanical engineeringstudents to exchange fresh universityknowledge for manufacturers’ real-world experience, with a little help fromthe federal government.CSU recently received a $1.2 million

grant from the U.S. Department ofEnergy to fund the program for anotherfive years, which will allow the universi-

ty to continue offering free energy auditevaluations to companies in a five-stateregion that includes Colorado,Wyoming, Nebraska, New Mexico andUtah.The program, started in 1985, has

connected CSU faculty and studentswith manufacturers to assess their ener-gy use and offer ideas aimed at reducingtheir energy costs.CSU is one of only 24 universities

across the nation taking part in DOE’sIndustrial Technologies Program, anational effort to improve manufactur-ing competitiveness.Allan Kirkpatrick, a mechanical engi-

neering professor and the programdirector, said the program aims to helpmanufacturers become more environ-mentally friendly in their productionand save them some money at the sametime.“We exist to help companies make

their products more efficiently so theysave money in the manufacturing

Engineering studentshelp companies save$1.2 million DOEgrant funds energyassessment program

Photo courtesy Colorado State University

LEARNING AND HELPING — Mike Kostrzewa (left), assistant director of CSU’s Industrial AssessmentCenter, talks with mechanical engineering students during an energy audit at a sawmill in Saguache inJune. The students (left to right) are Sarah Bass, Jacqueline Hess and Scott Little.

See CSU, 23

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By Steve [email protected]

FORT COLLINS – An iconic struc-ture in downtown Fort Collins that oncesymbolized innovation is about todemonstrate that spirit again through asymbolic combination of old and newtechnologies.Built as the city’s power plant in 1935,

the brick building occupying the eastside of the 400 block of North CollegeAvenue is now home to Colorado StateUniversity’s Engines and EnergyConversion Laboratory. The engines labis preparing for a $17 million expansionand renovation beginning next summer,and one high-profile aspect of the proj-ect is the replacement of long-removedsmokestacks on the existing building.But it’s not just that the smokestacks

that once vented the power plant’s coal-fired boilers are being brought back. Thebig difference is that – this time – thesmokestacks are planned to contain ver-tical-axis wind turbines.That’s right: wind turbines inside

smokestacks.Bryan Willson, engines lab founder

and director, said the design is meant to

convey the transformation in energyfrom conventional to alternative. Whenthe project is complete, pedestrians anddrivers passing by will be able to see theturbines turning in the smokestacks.“There will be openings in the stacks,”

he said. “The visual element is some-thing we really wanted. They will serve asa visual symbol of the transformation ofold energy to new energy – renewable

and clean energy.”Unlike the more familiar horizontal-

axis wind turbine, the vertical-axis windturbine has its main rotor shaft set verti-cally and the main components locatedat the base of the turbine. Its blades aremore compact, allowing it to fit into aspace that would be too narrow for itspinwheel-shaped cousin.Advantages of the vertical-axis tur-

bine include its quiet performance, thefact that it doesn’t have to be pointedinto the wind and that it doesn’t requireas much wind to turn and producepower. The main disadvantage is it is lessefficient than a horizontal-axis design.“Most turbines are horizontal-axis

turbines and tend to be more efficientand cost-effective,” Willson said. “Themain advantage of the vertical-axis windturbine is it doesn’t have to be reorient-ed (into the wind), and it’s best suitedfor use on buildings.”Willson said the engines lab expan-

sion and renovation plan calls for foursteel stacks containing vertical-axis tur-bines to be mounted on the roof of theexisting 1935 building, where researchand education on a variety of energysources and systems takes place.In addition to wind power, the

engines lab features solar power, biomassand conventional energy research andstudy opportunities.Willson acknowledges the wind tur-

bines won’t produce a huge amount ofelectrical power, a fact pointed out at arecent meeting of the Fort CollinsDowntown Development Authoritywhen the project sought funding fromthe DDA.“There was a concern at the DDA that

the payback period on them is challeng-ing, and we would agree,” he said. “Theturbines will produce a meaningfulamount of power – four to five kilowatts

Engines Lab to undergo $17 million renovationSmokestacks to bereplaced withwind turbines

Drawing courtesy of Neenan Archistruction

SOMETHING NEW — A planned $17 million renovation and expansion of the CSU Engines and EnergyConversion Laboratory in downtown Fort Collins will include something new – vertical-axis wind turbinesinside replicas of the original smokestacks for the coal-fired boilers of the 1930s.

See TURBINES, 23

6 | Northern Colorado Business Report www.ncbr.com | Dec. 2-15, 2011

Spurred by anger over new feesimposed upon customers by largenational banks, Bank Transfer Day onNov. 5 was meantto draw accountholders from largebanks and enticethem to movetheir money intocredit unions andsmaller communi-ty banks.Gauging by the

numbers, the pro-motion was hardlyneeded.In Colorado,

890 new members joined credit unionson Bank Transfer Day, accounting for$1.8 million in new deposits, accordingto the Mountain West Credit UnionAssociation.But for real drama, we have only to

look at the numbers for October. Inthat month alone, credit unionsstatewide saw a total of 14,500 newaccounts created for a total of $101 mil-lion in deposits. Prior to October, the

MWCUA noted an average monthlygain of 770 new members in the state.The most substantial increases in

October activity were seen at bothPublic Service Credit Union and CreditUnion of Colorado.For all of its 15 branches, CU of

Colorado saw an uptick of 27 percent inthe number of checking accounts creat-ed this October compared to the samemonth last year, something DougSchneider, spokesman for the company,called “very rare.”“I haven’t seen this kind of activity

in 20 years,” he said.In addition to moving over checking

accounts, Schneider said, new cus-tomers are bringing over their savingsaccounts and bringing in family mem-bers, providing credit unions with aneven bigger shot in the arm.Like banks, credit unions haven’t

seen much loan demand in recenttimes. Schneider and CU of ColoradoGreeley branch manager MeredithLogan point to a change in consumerspending and savings habits as a resultof the economy.Much of the loan activity at credit

unions is created by consumers who arerefinancing current loans rather thantaking out new ones, according to ScottEarl, CEO of Mountain West CreditUnion Association, formerly CreditUnion Association of Colorado.

Public Service Credit Union also sawan increase in accounts created inOctober. In Larimer and WeldCounties, account creation jumped 52percent, from 1,129 new accounts creat-ed in October 2010 to 1,720 newaccounts created in October this year.For the company as a whole, account

creation increased 50 percent from4,201 in October 2010 to 6,285 in thesame period this year.Warren Federal Credit Union, which

operates primarily in Wyoming, willbreak ground on its second branch inthe Northern Colorado market in

spring 2012, further indicating growthfor credit unions.Warren currently has seven branch-

es, with one located in Wellington, andjust passed $400 million in assets andhas 40,000 members, according toMichael Nagl, who serves as the creditunion’s chief lending officer.While Colorado is home to several

large national banks, Bank of America,which drew the most ire from consumers,doesn’t have a single branch in the state.This may account for the more gradualmove to credit unions in Colorado,according to the MWCUA’s Earl.Earl pointed to the Occupy Wall

Street movement.“Consumers are becoming increas-

ingly frustrated with large financialinstitutions,” he said. Earl noted that hewould consider a “large institution” onewith $50 billion or more in assets.While they may charge fewer fees at

smaller amounts than large financialinstitutions, credit unions are notentirely fee-free.Fees vary by institution, of course,

but members can still be charged forthings like bounced checks, ATM usageand, in some cases, checking accounts.

Molly Armbrister covers Banking for theNorthern Colorado Business Report.She can be reached 970-232-3139 or [email protected].

Credit unions seeing rise in accounts, depositsCustomers upsetwith big institutionsmaking the switch

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A couple of recent land purchasesforeshadow potential new growth ofmedical care facilities in west Greeley.The first took place in August, when

NCMC Inc. and Banner Health closedon an 88-acre parcel surrounded by thecity-ownedBoomerang GolfCourse at West10th Street and71st Avenue.Banner andNCMC Inc. paid$4.5 million forthe parcel, accord-ing to Ken Schultz,NCMC boardexecutive.NCMC is the

governing board ofNorth Colorado Medical Center inGreeley; Phoenix-based Banner Healthsystem has a contract to operate NCMCfacilities.The second transaction occurred last

month, when NCMC and Bannerclosed on a 12-acre parcel just east ofthe Boomerang property, part of the

112-acre former HP campus. Schultzsaid $2.34 million was paid for thatacquisition to City Center West, aDenver-based investor group that hasowned the former Hewlett-Packard sitesince 2007.Schultz said while the two purchases

may not see development in the near-term, they could be future sites formedical facilities in what has been arapidly growing part of the city.“We’re trying to provide for the

direction of the population growthgoing forward,” he said. “We’re bullishon Greeley.”Schultz said that of the two, the

smaller site is likely to be the home ofan NCMC clinic or other outpatientfacility. “There’s going to be a lot moreemphasis on outpatient facilities in thefuture,” he said. “Those kinds of needsof a modern hospital system were alsoin our thoughts.”At the moment, however, the purchas-

es are just “an investment in our landportfolio,” he said. “We don’t have any-thing even conceptually planned for that.We looked at it from the point of viewthat we want to expand our portfolio.”Schultz said the nearly $6.9 million

spent on the two properties was splitevenly by the two entities – marking thefirst such joint land purchases.Gene Haffner, a Banner spokesman,

said the joint purchases did not neces-

sarily indicate a change in the NCMC-Banner relationship. Previously, NCMChas owned all property and equipment,while Banner acted as the leasing opera-tor.“This is one of the first opportuni-

ties that’s truly come up related toproperty that they’ve had an opportuni-ty to seriously consider,” Haffner said.“It just seemed from Banner’s perspec-tive to be a good purchase to partneron.”West Greeley has become a focal

point of growth in the city and has beenfor the last several years.“Is that a growth area? Absolutely,”

said Becky Safarik, Greeley’s communi-ty development manager. Safarik saidthe city is in the process of doing pop-ulation projections with the latest cen-sus data and couldn’t yet be more pre-cise as to its projected rate of growth.But she did acknowledge that westGreeley is “definitely an emergingarea.”Schultz said Banner and NCMC did

not do population projections whenthey considered buying the two sites,but he noted that the recent opening ofa new King Soopers center on the southside of 10th Street — virtually acrossthe street from the 12-acre former HPparcel — speaks well of the area’s devel-opment future.“A lot of it is sheer economics,” he

said. “Obviously, that site was attractivebecause of the King Soopers locationbeing there now.”Schultz noted that NCMC already

has a three-story, 64,000-square-footoutpatient facility – Summit View –located in west Greeley almost exactly amile south with doctors’ offices, imag-ing facilities and plans to locate morephysicians there. “In the very near-term,that should serve us well,” he said.

Steve Porter covers health care for theNorthern Colorado Business Report. Hecan be reached at 970-232-3147 or [email protected].

NCMC, Banner add Greeley parcels to holdings100 acres acquired,portend possiblefuture medical sites

HEALTH CARESteve Porter

“There’s going to bea lot more emphasison outpatientfacilities in thefuture.”

Ken Schultz, NCMC Inc. boardexecutive

www.NCBR.com

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Bankruptcies

Foreclosures

State Tax Liens

Judgments

Warranty Deeds

For The Record

970232.3146

Research by Time magazine within the past year indi-cated that less than half of American workers are satisfiedwith their jobs. According to a 2011 Citrix survey, 72 per-cent of American workers are not engaged in their work.The poll described disengaged workers as literally “sleep-walking through the day.”According to a Gallup poll, the lost productivity of

actively disengaged workers costs the U.S. economy $370billion per year. Study after study links poor employeesatisfaction and engagement with greater absenteeism,

lower productivity, high rates of turnover, decreased cus-tomer satisfaction and a slew of other issues that negative-ly impact the bottom line. Ironically, the same Galluppoll reported that 75 percent of leaders had no plans toaddress engagement even though 90 percent agreed thatengagement impacts business success.If having happy employees is good for the bottom line,

then why don’t more employers proactively address issuesaround satisfaction and engagement? Some leaders simplydon’t see it as their responsibility to make employeeshappy. A business owner may hold the opinion that peo-ple should just be happy to have jobs! Leaders oftenassume that dealing with employee issues and the chal-lenges of hiring and firing are just part of doing business.

Index merry this holiday seasonThere’s good news that should bring

some joy to the holiday season of workersand their families: The Northern Coloradoeconomy is recovering.As shown in the accompanying graphic,

July was a very strong growth month for thelocal economy and was followed by Augustand September growth rates that were onlyslightly less positive. The average weightedgrowth rate for the seven economic statisticsused in my index was 46 percent in July, 25percent in August and14 percent inSeptember. May was17 percent. We haven’tseen growth rates likethis since the early1990s. Even the ratesof the late 1990s wereweaker than recentones. The decline ingrowth rates started in2001 and bottomed inlate 2008-early 2009.I don’t expect these

strong growth rates topersevere and the fore-cast for 2012 in the graph is too optimistic.The growth rates in the seven statistics areyear-over-year changes and it is unrealistic

Happy employees are key to profitability

THEEDGE TIME OUT

Snapshots oflife outsidethe office

Page 11

COLUMNS

MarketingIt’s time to be honestand determine if yourwebsite needs a faceliftPage 10

ETC.On The JobPeoplein the news,on the movePage 12

CalendarEvents, seminarsand dates to lookforward toPage 13

BriefcaseRegionalbusinessdevelopmentsPage 13

LISTSRegion’s largest

Wealthmanagementfirms withlocations inNorthern ColoradoPages 14-15

Architecture firmsPage 19

Office furnitureand design studiosPage 21

CPA FirmsPage CPA-5

Annu

alPe

rcen

tage

Rate

80

60

40

20

0

-20

-40

-60

-80

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012

60

40

20

0

-20

-40

-60

-80

1992 1994 1996 1998 2000 2002 2004 2006 2008 20010 2012

Historic

Forecast

Trend

SOURCE: JOHN W. GREEN

Do research to determineif you need more education

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See ECONOMY, 23

See CAREER, 22

ON THEECONOMYJohn W. Green, Ph.D.Regional Economist

THE CAREERENTHUSIASTCarrie Pinsky

A lot has happened since the popu-larization of the Internet in 1992, notby Al Gore, but by commercial entitiesoffering access to the general public forthe first time.And one of the major trends in those

scant 20 years has been that customersand prospects expect to find out aboutyou — on their own — via your web-site. They want to discover your fea-tures, benefits, competitive advantagesand what your fans have to say aboutyou without the aid of a salesperson,thank you very much.Given that trend, the centerpiece of

your marketing program today has gotto be your website, regardless whether

you are a large or a small company,international or local, selling via e-com-merce or just hanging out your shinglefor credibility’s sake. The place to hangyour shingle is indisputably online.And that’s a good thing. There’s now

a single place to point people to, by dayor by night, whether you can state yourcase persuasively and show your wareshandsomely. But are you really puttingyour best foot forward in that cyber-sales-box we have come to call a busi-ness Website?I office at a co-working space in Old

Town Fort Collins and have many webdevelopers as neighbors. I happened tooverhear one of them say something that

caught me up short: “95 percent of web-sites today are garbage.” Now you canargue he should have been kinder –maybe he should have said 85 percent or75 percent even, but the broad sweepingstatement he made has a ring of truth toit. Have you seen what passes for a web-site of late?That Web developer meant the

majority of websites he’d seen werepoorly designed, they failed to loadquickly, they frustrated the user withbaffling navigation paths, and theythrew everything willy-nilly into themix without being at all sparing or par-ticular.People see a website’s home page and

decide in sevenseconds to stayor leave. That’sa shocker! Howdo you getthem to stickaround?Here’s some-

thing that hap-pened to metoday that illus-trates the pointnicely. Aprospect fromNew Jersey called our office and wantedhelp figuring out why their conversionswere dropping like a rock. Peopleweren’t calling their interior design firmlike they used to! First they blamedtheir Pay Per Click campaigns inGoogle. I looked at their stats and thesame number of click-throughs hadoccurred since they began “buying theirway to happiness” two years ago. Thatcouldn’t be it.Then I looked at their Google

Analytics – looking for some evidence ofmechanical failure on the website.Maybe the page that folks were clickinghad had a loading error. But, nope, therewere no breakdowns that I could see.And the site visitors per month statisticshad held steady for the last 24 months.That brought me to the blindingly

obvious: Had they changed anything onthe home page since they had seen aconversion fall off? Were people notcalling their prominent phone numberbecause they were turned off by the sitefor some reason?Then the realization of what had

happened stunned the would-be-client:They recalled that in August they had

had a falling out with the professionalphotographer who originally shot alltheir interior designs – and he had takenback all his photographs. Including theones in the opening slide show array onthe home page. The client had uploadedtheir own smartphone photos of theirinstallations instead.Ah-ha!The pictures were fuzzy, dark, poorly

lit and generally uninviting. The interi-or designer didn’t pay attention to exte-rior design – a website’s!This reminded me of Tim Ash’s

book, “Landing Page Optimization” inwhich he boldly says: “Face it: YourBaby is Ugly.” He runs a firm called SiteTuners, which focuses heavily on help-ing websites face the fact that they’renon-functional or wholly uninspiring.The same way that Saks Fifth Avenue

brings in retail consultants to figure outthe best traffic patterns to bump upsales per foot, user experience expertsshould be called in to obtain the bestconversions from a website.Look at your website with an eye to

its usability and its design. Is it elegantin its simplicity – or are there a myriadof fonts and facts and figures vying forthe visitor’s attention?Remember that less is more, and go in

and be unsparing in your evaluation. UseGoogle’s Web metrics tool: “Analytics”and learn what is happening when peoplecome into your website. Can you be anobjective parent? Here’s hoping!

Macomber is the owner of FortCollins-based Blue Skies Marketing.

10 | Northern Colorado Business Report www.ncbr.com | Dec. 2-15, 2011

20122012

Don’t miss this in-demand event.

Event Sponsors:

University Center BallroomUniversity of Northern Colorado

Greeley

January 12, 2012 • 11:00 a.m.- 1:30 p.m.

For corporate tablereservations or more

information contact De Dahlgren,NCBR Marketing [email protected]

970-232-3132 Tickets including Lunch: $39

www.NCBR.comUnder Departments click on Events.

Thursday, January 12, 201211:00 a.m. - 1:30 p.m.

University Center BallroomUniversity of Northern Colorado

2045 10th Avenue, Greeley

Reservations are now open online at NCBR.comSelect Events under the Departments heading, or use this go-to link.

The Northern Colorado Business Report, Monfort College of Business and Kennedy and Coe are pleased to present the 2012 Economic Forecast.

The Northern Colorado Economic Forecast lunch opens the2012 NCBR event series. This is where you'll hear the news andviews you need to define business strategies for the comingmonths. Theses industry experts will be addressing theseregionally relevant issues:

EconomistsNational EconomyMorgan Stanley Smith Barney National Economist

Regional EconomyDr. Martin Shields, Associate Professor ofEconomicsColorado State University

Industry Specific SpeakersBanking and FinanceMichael Hobbs, PresidentGuaranty Bank and Trust

Energy – Oil and GasTisha Conoly Schuller, President and CEO (Invited)Colorado Oil & Gas Association

Technology – Clean TechTim Reeser, CEOCenergy, Colorado State University CleanEnergy Supercluster

Title Sponsors:

It’s time to be honest: Is your website ugly?

MARKETINGLaurie Macomber

Dec. 2-15, 2011 | www.businessreportdaily.com Northern Colorado Business Report | 11

TIME OUTTHE AWARDS GO TO … — 1. Northern Colorado Business Report CFO of the Year winners and theirguests stopped by the Kennedy & Coe office in Loveland to receive their awards Nov. 17. Nominations forCFO of the Year 2012 are now being accepted. 2. Andy Nagel, Mirage Productions, and Mike McBride,Greeley Monument Works, catch up at the Greeley Chamber Business Before Hours Nov. 9 at Atmos Energy.3. Melissa Gattis, Anderson Business Resources; Amy Fiedler, Greeley Country Club; Keith Gregory, JBS, andMelissa Jensen, High Plains Library District have a turkey of a time at the Greeley Chamber AfterHours/Gobble La La La, La La La La Trade Show Nov. 17 at the Clarion Hotel.

Images courtesy Greeley Chamber of Commerce and NCBR staff. Email your event photos to NoahGuillaume, [email protected]. Include complete identification of individuals.

1

2

3

12 | Northern Colorado Business Report www.ncbr.com | Dec. 2-15, 2011

970-282-7500www.telecofc.com

• Business Telecommunications Solutions (Voice and Data)• Voice Processing Systems• Voice over IP Solutions• Call Center Applications and Management• Call Accounting Packages• Paging Solutions• Voice and Data Cabling• Extended Warranty and Partnership Programs• Service, Repair, and Remote Support• Moves, Adds, and Changes• Full Project Management• Business Financial Solutions

youConnectingWith Your Customers.

HEALTH CARE

Longmont United Hospital and Poudre ValleyHealth System announced that cardiovascular sur-geons Mark B. Douthit and Thomas L. Matthewhave joined the PoudreValley Medical Group. Thiscommitment to PVHS will bethe first step in expanding aregional heart program thatsupports NorthernColorado, western Nebraskaand southern Wyoming.

REAL ESTATE

Laura Thompson andLindsey Bustamante havejoined Sears Real Estate asbroker associates.

CONSTRUCTION

The Northern ColoradoHome Builders Associationhonored Steve Spanjer,president of Fort Collins-based Spanjer Homes, withthe 2011 Builder of the Yearaward at the AnnualInstallation and AwardsBanquet in November.Spanjer was previously rec-ognized with Builder of theYear Award in 1993. TaraBuckner, Spanjer Home’sconstruction manager, wasinstalled as one of NorthernColorado HBA’s 2012 vice presidents on the board ofdirectors.

TECHNOLOGY

Jeff Dahlke joined i-cubed in Fort Collins as mar-keting and sales coordina-tor. Dahlke will be responsi-ble for generating industry-specific growth of theDataDoors/GAME enterprisegeospatial imagery andasset management solu-tions. He most recently worked as program manag-er, enterprise solutions atRed Hen Systems.

MEDIA/MARKETING

Mantooth Marketing Co.added Deb Alles as market-ing and event account man-ager. Alles will focus primari-ly on the Loveland, Windsorand Johnstown areas, but

will assist Mantooth in all of their marketing efforts.Mantooth Marketing is a full-service marketing com-pany that has been serving Northern Colorado andbeyond for 16 years.

ACCOUNTING

Diane Burnes joined TLC Payroll team as clientservice manager with a business background thatincludes more than 10 years of payroll experience.Her expertise supports the sales, client service, andoperation efforts. Jeramie Holt joined TLC as direc-tor of client relations. Holt also brings more than 10years of experience with a specific focus on payrolland HR.

BOARDS

The board of directors of Project Self-Sufficiency elected new officers Tom Tonoli, presi-dent; Stacy Plemmons, president-elect; NoreenFlood, fiscal officer; Jane Ray, secretary; andDavid Besch, past president for the 2011-2012 fiscalyear. Jolene Blair was elected to the board ofdirectors. Returning board members include CindyBragdon, Greg Churchman, Linda Clark, CharlieCuypers, Laurie Hansen, Carla Jeffrey, DianeKnight, Marci Oates, Corkie Odell and GaryPremer.

Engaging Loveland welcomed Ann Marie Cole,senior sales manager for Embassy Suites inLoveland, and Sean McCarthy, president of theColorado Coaching Co., as new board members.Engaging Loveland collaborates within the commu-nity to develop and support community-wide eventsand enhance tourism.

Melissa Whitten has been selected at the ad-hoc chair of the Northern Colorado Human ResourceAssociation. Whitten’s primary responsibilitiesinclude overseeing projects, assisting chair mem-bers to enhance communication and fosteringenhanced relations with the general public. TheNCHRA is dedicated to promoting human resourceexcellence by providing support, resources anddevelopment opportunities to Northern Colorado-based HR professionals.

MISCELLANEOUS

RC Special Events hired Carol Thomas, whoassumes the role of sales manager for its Boulderlocation. Thomas comes from A-One Weddings &Events in Cheyenne where, as the owner, she spe-cialized in design, decor, wedding and event plan-ning.

If you have an item to share about a promo-tion, job change or career news of note, e-mailit to Noah Guillaume at [email protected],or mail it to On The Job at NCBR, P.O. Box270810, Fort Collins, CO 80527.

ON THE JOB

THOMPSON

BUSTAMANTE

SPANJER

DAHLKE

ALLES

Dec. 2-15, 2011 | www.businessreportdaily.com Northern Colorado Business Report | 13

Together we’re better

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I’m a �fth generation native of Colorado.I’m also a small business owner and now, morethan ever, it’s important to keep our money righthere where it will bene�t the local economy.�at’s why I’m a member at Public Service CreditUnion. �ey have money to help small businesseslike mine grow and prosper and they’re makingloans now.

Together is how my smallbusiness grows stronger.

Tom FernandezMember

Come, tap intothe power of smallbusiness loans.

BRIEFCASENEW PRODUCTS AND SERVICES

Fyn Public Relations has opened in FortCollins. Fyn – pronounced fine – provides a range ofpublic relations services and specializes in helpingclients find their niche in the market, craft theappropriate stories and messages to get noticedand customize it appropriately for the right medi-ums. Founded by Nicole Yost, Fyn can be contactedat 970-682-2420 or www.fynpr.com.

NEW NAME

Birthright of Loveland is now Birthline ofLoveland. Birthline will retain its 501(c)(3) statusand continue assisting girls and women with anunplanned pregnancy through lay counseling, mak-ing referrals to other community resources, andproviding diapers and baby clothes. The office loca-tion at 1528 N. Lincoln Ave. and phone number 970-663-2671 remain unchanged.

MISCELLANEOUS

Be Local Northern Colorado welcomed newand renewing members Bean Cycle & MatterBookstore, Green Buffalo Foods, PeakPerformance Chiropractic & Wellness Center,Best Energy Monitor, Pitchforks PinupsCalendar, The Sleep Store, Gaby’s Soups, WelshInsurance Agency, Peddler’s Choice,Intentional Nutrition, Darvier Jewelry DesignStudio, Lotus Painting, and Loco Bueno.

If you have an item to share about namechanges, new products or business news ofnote, e-mail it to Noah Guillaume at [email protected], or mail it to Briefcase atNCBR, P.O. Box 270810, Fort Collins, CO 80527.

Nonprofit notesThirteen grant recipients — representing

elementary, middle, high and one charterschool from the Poudre School District —received more than $42,000 collectively fromthe Supporting Partnerships in InnovativeEducation grant program. Designed toencourage innovative and creative education-al approaches, the SPIE grants will directlyimpact PSD students through classroom initia-tives ranging from math, science and technol-ogy programs to collaborative programs forliteracy and the arts.

The Human Bean presented $6,000 toPoudre Valley Hospital, $1,000 to the HopeLives! Lydia Dody Breast CancerFoundation, and $10,000 to North ColoradoMedical Center to help provide low-incomewomen with mammograms, diagnostic servic-es and biopsies for women in need. The moneywas raised from the Oct. 21 Coffee for a Cure, inwhich 100 percent of sales were donated tohelp fight breast cancer.

The Loveland Turkey Trot 5K run/walk 10thanniversary event, held Thanksgiving morningat McKee Medical Center with a record 2,100participants, raised more than $43,000 to ben-efit the Stepping Stones Adult Day Program atMcKee. Stepping Stones provides participantsan opportunity to socialize, build friendships,and enjoy stimulating activities in a safe, car-ing environment.

CALENDARDECEMBERDec. 2 - 7 - Dreams, The Center for Fine Art

Photography, 400 N. College Ave. in Fort Collins.Contact: Nicole Stahly at [email protected] or970-224-1010.

Dec. 2 - Artist Reception for David Zimmerman,from 6 to 9 p.m., The Center of Fine ArtPhotography, 400 N. College Ave. in Fort Collins.Contact: Nicole Stahly at 970-224-1010 [email protected].

Dec. 2 - Daniels Fund Ethics Initiative Presents:Mark D. Carleton, from 9 to 11 a.m., ColoradoState University - Rockwell Hall-West, 1201Campus Delivery in Fort Collins. Contact: FredHerrera at 970-491-3236 or [email protected].

Dec. 3 - Photographic Insights Day, from 10 a.m. to6:30 p.m., Center for Fine Art Photography, 400N. College Ave. in Fort Collins. Cost: $50. Contact:Nicole Stahly at 970-224-1010 [email protected] .

Dec. 6 - Business Planning for Success, from 8:30a.m. to noon, Larimer SBDC, 125 S. Howes, Suite150 in Fort Collins. Cost: $40. Contact: TerriDonovan-Keirns at 970-498-9295 [email protected].

Dec. 7 – Greeley Chamber Business Before Hours,from 7 to 8:30 a.m., BBVA Compass Bank, 3501 W.12th St. in Greeley. Registration Deadline: N/A.Contact: Kim Barbour at 970-352-3567 [email protected].

Dec. 7 - Exploring Eight Critical Questions for WhenSomeone Dies, from 7 to 9 p.m., PathwaysHospice, 305 Carpenter Road in Fort Collins.Cost: $15. Contact: Michele Desnoes at 970-663-3500 or [email protected].

Dec. 8 - Minimize Your Tax Burden, from 8:30 a.m. tonoon, Larimer SBDC, 125 S. Howes, Suite 150 in FortCollins. Cost: $40. Contact: Terri Donovan-Keirnsat 970-498-9295 or [email protected].

Dec. 8 - It’s time for ICOR‘s Christmas Party, from 6to 9 p.m., Best Western Hotel & ConferenceCenter, 5542 E. US Highway 34 in Loveland.Contact: Evelyn Galasso at 206-707-9464 [email protected].

Dec. 9 - 10 - Snow Sculpture in the Dark, from 5 to7 p.m., Downtown Loveland, Fourth Street inLoveland. Cost: Free. Contact: Kristine Koschkeat 970-980-4764 or [email protected].

Dec. 10 - Home Buyer Education Class, The GroupInc., 2803 E. Harmony Road in Fort Collins.Contact: Neighbor to Neighbor at 970-488-2374or www.n2n.org.

Dec. 13 - Water Truck Drivers & Diesel MechanicsHiring Event, from 10 a.m. to 2 p.m.,Employment Services of Weld County, 315 N. 11thAve., Bldg. B in Greeley. Contact: Elvira Gonzalezat 970 353-3800, ext. 6714 [email protected].

Dec. 13 - Make It Official, from 7 to 9 a.m., LarimerSBDC, 125 S. Howes, Suite 150 in Fort Collins. Cost:$25. Contact: Terri Donovan-Keirns at 970-498-9295 or [email protected].

Dec. 14 - Pathways Hospice On Our Own, from 6:30to 8 p.m., Pathways Hospice, 305 CarpenterRoad in Fort Collins. Cost: No fee, no registration.Contact: Michele Desnoes at 970-663-3500 [email protected].

Dec. 14 - I Need Financing, What Now?, from 11:30a.m. to 12:30 p.m., SBDC office (Key Bank Tower),125 S. Howes, Suite 150 in Fort Collins. Cost: $0.Contact: Terri Donovan-Keirns at 970-498-9295or [email protected].

Dec. 15 - Vaccine Forum - Novel Lyme DiseasePrevention Strategy, from 3 to 5 p.m., RockyMountain Innosphere, 320 E. Vine Drive in FortCollins. Registration Deadline: Noon, Dec. 15.Contact: Ellen Sandoval at 800-916-8311 [email protected].

14 | Northern Colorado Business Report www.ncbr.com | Dec. 2-15, 2011

Largest Wealth Management Firms with Locations inNorthern ColoradoRanked by assets under management internationally

RANK

COMPANYADDRESSPHONE/FAX TOTAL INTERNATIONAL ASSETS (000S) HEADQUARTERS CORPORATE WEBSITE PERSON IN CHARGE, TITLE

1MORGAN STANLEY SMITH BARNEY1585 BroadwayNew York, NY 10036212-761-4000/212-761-0086

$1,560,000,000 New York www.morganstanleysmithbarney.com James Gorman, ChairmanGreg Fleming, President

2MERRILL LYNCH4 World Financial Center 250 Vesey St.New York, NY 10080212-449-1000/617-350-5741

$341,700,000 New York www.ml.com Brian Moynihan, President & CEO

3CHARLES SCHWAB211 Main St.San Francisco, CA 94105415-667-7000

$204,000,000 San Francisco www.schwab.com Walter Bettinger, CEO

4NEW YORK LIFE INSURANCE CO.51 Madison Ave.New York, NY 10010212-576-7000

$201,000,000 New York www.NewYorkLife.com Ted Mathas, CEO

5WELLS FARGO ADVISORSOne North JeffersonSt. Louis, MO 63103877-879-2495

$192,000,000 St. Loius www.wellsfargoadvisors.com John G Stumpf, President & CEO

6NATIONS FINANCIAL GROUP INC.4000 River Ridge Drive N.E.Cedar Rapids, IA 52402800-351-2471/319-393-3903

$180,000,000 Cedar Rapids, IA www.nationsfg.com Scott Bennett, President

7UBS1285 Ave. of the AmericasNew York, NY 10019212-713-2000

$175,000,000 Zurich www.ubs.com Kaspar Villiger, ChairmanSergio Ermotti, CEO

8LPL FINANCIALOne Beacon St., 22nd FloorBoston, MA 02108800-558-7567

$79,000,000 Boston www.lpl.com Mark Casady, Chairman & CEO

9EDWARD JONES12555 Manchester RoadSt. Louis, MO 63131314-515-2000

$54,000,000 St. Louis www.edwardjones.com Jim D. Weddle, Managing partner

Region includes the City of Brighton and Larimer and Weld counties.NA-Not Applicable

Based upon responses to Business Report survey researched by Mariah GantTo be considered for future lists, e-mail [email protected]

expertiseInvestment Centers of America, Inc. (ICA) member FINRA, SIPC, is not affiliated with Home State Bank. Securities and insuranceproducts offered through ICA and affiliated insurance agencies are *not insured by the FDIC or any other Federal Governmentagency *not a deposit or other obligation of, or guaranteed by any bank or their affiliates *subject to risks including the possibleloss of principal amount invested.

Paul Hummel, ChFCChartered Financial Consultant935 Cleveland AvenueLoveland, CO970-669-9720

Kevin Dunnigan, MBA, CFP®CERTIFIED FINANCIAL PLANNER™ PROFESSIONAL300 E. 29th StreetLoveland, CO970-622-2366

Michael Tarantino, CDFA™Investment Representative303 E. Mountain AvenueFt. Collins, CO970-292-0105

Denise MartzInvestment Professional3227 Timberline RoadFt. Collins, CO970-292-0115

Tyler Rusch, CDFA™Investment Representative2695W. Eisenhower Blvd.Loveland, CO970-622-7408

Andrew MooreInvestment Representative935 Cleveland AvenueLoveland, CO970-613-2185

Located at

This holiday season unwrap the retirement of your dreams.

Dec. 2-15, 2011 | www.businessreportdaily.com Northern Colorado Business Report | 15

Largest Wealth Management Firms with Locations inNorthern ColoradoRanked by assets under management internationally

RANK

COMPANYADDRESSPHONE/FAX TOTAL INTERNATIONAL ASSETS (000S) HEADQUARTERS CORPORATE WEBSITE PERSON IN CHARGE, TITLE

10WADDELL & REED INC.6300 Lamar Ave.Shawnee Mission, KS 66201913-236-1880/913-236-2017

$37,000,000 Shawnee Mission, Kan. www.waddell.com Henry Herrmann, Chairman & CEO

11RAYMOND JAMES880 Carillon ParkwaySt. Petersburg, FL 33716727-567-1000

$26,000,000 St. Petersburg, Fla. www.raymondjames.com Thomas James, Executive ChairmanPaul Reilly, CEO

12THRIVENT FINANCIAL FOR LUTHERANS625 Fourth Ave. S.Minneapolis, MN 55415800-847-4836/800-225-2264

$14,000,000 Minneapolis www.thrivent.com Brad Hewitt, President & CEO

13STIFEL FINANCIAL CORP.One Financial Plaza, 501 N. BroadwaySt. Louis, MO 63102314-342-2000/314-342-8476

$12,800,000 St. Louis www.stifel.com Ronald Kruszewski, President & CEO

14D.A. DAVIDSON8 Third St. N.Great Falls, MT 59401800-332-5915/406-727-4200

$5,664,000 Great Falls, Mont. www.davidsoncompanies.com Douglas Woodcock, President

15NORTHWESTERN MUTUAL720 E. Wisconsin Ave.Milwaukee, WI 53202414-271-1444

$1,740,000 Milwaukee www.northwesternmutual.com Len Brennan, President & CEO

16INVESTMENT CENTERS OF AMERICAP.O. Box 2796Bismarck, ND 58502800-544-7113

$999,000 Bismarck, ND www.investmentcenters.com Greg Gunderson, President & CEO

17GENEOS WEALTH MANAGEMENT INC.9055 E. Mineral Circle, Suite 200Centennial, CO 80112303-785-8470

$730,000 Centennial www.geneoswealth.com Russ Diachok, President & CEO

18FIRST NATIONAL WEALTH MANAGEMENT1620 Dodge St.Omaha, NE 68197402-341-0500

$715,500 Omaha, Neb. www.firstnational.com Bruce Lauritzen, Chairman

Region includes the City of Brighton and Larimer and Weld counties.NA-Not Applicable

Based upon responses to Business Report survey researched by Mariah GantTo be considered for future lists, e-mail [email protected]

wynco.bbb.org / 970.224.4222 / 800.564.0370

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16 | Northern Colorado Business Report www.ncbr.com | Dec. 2-15, 2011

By the Colorado Society of CPAs

Investment planning at the end of2010 was complicated by uncertaintyover whether existing tax rates would beextended. This year, it’s the congression-al “supercommittee” charged with tack-ling the country’s deficit financing prob-lem that’s the source of uncertainty.Even though you may not be sure howthe committee’s work might ultimatelyaffect you, here are some factors to keepin mind as you plot your year-end strat-egy.

Harvest tax losses if appropriateIf you plan to harvest losses to offset

capital gains, you may want to thinkabout the cost basis of those shares. Tomaximize your losses for tax purposes,you would sell shares that have lost themost, which would enable you to offsetmore gains. Unless you specify whichshares of stock are to be sold, your bro-ker will typically treat them as sold basedon the FIFO (firstin, first out)method, meaningthat the first sharesbought are consid-ered to be the firstshares sold.However, you candesignate specificshares as the onessold or direct thebroker to use a dif-ferent method,such as LIFO (lastin, first out) orhighest in, firstout. You can alsouse a standingorder or instruc-tion to specify thata particularmethod is to be used.As of this year, brokers must report to

the IRS your cost basis for the sale of anyshares of stock bought after Jan. 1, 2011.That will make it even more importantto make sure when preparing your taxreturns that your cost basis records forsuch sales are accurate and agree withthose of your broker. If you decide tospecify stock shares in order to deter-mine your cost basis, you must do so bythe settlement date (typically, three daysafter execution of the trade) in order foryour broker’s records for the stock saleto be accurate.Mutual funds, dividend reinvestment

plans, bonds and other securities even-tually also will be subject to the samemandatory cost-basis reporting require-ment.

Don’t procrastinate on tax break for smallbusiness stockIf you plan to invest in a qualifying

small business, you may want to do so byDec. 31. That’s because 100 percent of

any capital gains on the sale of qualifiedsmall business stock issued after Sep. 27,2010 and before Jan. 1, 2012 can beexcluded from your taxable income.(The exclusion is scheduled to revert to50 percent next year.)To claim the 100 percent exclusion,

you must have acquired the stock atoriginal issue (with some exceptions forstock acquired as an inheritance or gift).Also, the business must satisfy certainrequirements, and you must hold thestock for at least five years. There arelimits on the total amount of gain that iseligible for the exclusion. There also maybe special considerations if you roll overthe gain from the sale of your stock toanother qualified small business stock,or if you receive qualified stock as partof your deferred compensation plan.Don’t hesitate to get expert help withyour specific situation.

Consider the potential impact of higherinterest rates

Interest rateshave been at his-toric lows in recentyears, but as theeconomy continuesto heal, that won’talways be the case.The FederalReserve Board hassaid that raisinginterest rates won’tbe its first step inreducing the sup-port it has giventhe monetary sys-tem. However, atsome point, inter-est rates are likelyto begin moving upagain. When thathappens — and

there’s no way to know for sure whenthat might be — bond prices will beginto feel the impact. As bond yields beginto rise, bond prices will begin to tumble,since prices move in the opposite direc-tion from bond yields.

Don’t let payroll tax increase deraillong-term plansIf you’ve benefitted from the 2 per-

cent reduction in workers’ SocialSecurity taxes in 2011, congratulations!However, be aware that the provision isscheduled to expire at the end of thisyear. If you’ve been saving or investingthat money, your long-term plans willbenefit if you can figure out how toreplace that source of funding for yourinvestment efforts.For more ways to become financially

savvy, check out www.360financiallitera-cy.org. Sponsored by the AmericanInstitute of Certified PublicAccountants, this website provides use-ful financial tools and calculators as wellas articles.

Year-end investmentplanning? Clock ticking

TAX & INVESTMENT

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Advancing the Success of Women in

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!e CREW Networkis dedicated to helping womenachieve their full professionaland leadership potential in thecommercial real estate industry. Wedo this by providing members withbusiness tools and opportunities toshowcase talents, gain professionalrecognition and do deals together.

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Join us on the �rst Wednesday of every month,11:30 am - 1 pm at the Ptarmigan Country Club!

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“If you plan toharvest losses tooffset capital gains,you may want tothink about the costbasis of thoseshares.”

Dec. 2-15, 2011 | www.businessreportdaily.com Northern Colorado Business Report | 17

CONSTRUCTION & ARCHITECTURE/OFFICE DESIGN

Lumber & Building Materials • Flooring • CabinetryWindows & Doors • Lighting •Hardware • Plumbing

Why Choose Sutherlands?Our People MakeThe Difference!

The perfect design is in our attention to detail.

FREE Design Consultations!Call (970) 226-1000, or visit www.SutherlandsDesignGallery.com2100 E. Prospect Rd. Fort Collins

Interior finishes inone’s home arevery personalized.Whether you arebold andcontemporary orlaid back andrustic, ourproducts canmeet yourexpectations andcompliment your style. Trends comeand go, while you continue to growyear after year!Why not selectfinishes that compliment yourpersonality!

Details. Details. Details.From the first minute ofdiscussion to the finalmoment of completion,my job is to manage thedetails of a remodelingproject.

Details likebest price, being accessible to answerquestions, working behind the scenes tomeet deadlines, and making the jobseasy for my clients and their contractors.Every detail matters.

With eight years of experience atSutherlands, I can say there is nocompany who’s better at getting thedetails right.

Mike Kerr

Questions, questions and morequestions. Asking clientsdetailed questions to determinetheir needs, wants and wishes -that’s the key to creating aremodeling or new homeinterior finishplan thatworks.

My interior design degree gave me a strongknowledge base in space planning andconceptual design. The questions I ask and mylistening skills are my secret weapons forcreating successful plans for my clients andtheir families.

At Sutherlands we know how family worksbecause we work like a family to serve ourclients.

Service. Service. Service. Havingthe desire to serve clients - startto finish - is at the heart ofcreating the best roomdesignsfor all their needs. As a designer,my job is to balance budget, stylepreferences, lifestyle androomuse to blend everydetail into a plan thatpleasesmy client.

With everything a client could ask for all under oneroof, the Sutherlands design experience is easy andconvenient for homeowners and contractors alike.We really do it all; from ceiling lighting to theflooring under foot, and from kitchens to completehomes.

At Sutherlandswe understand the importance ofhome and comfort.

ShannonCarlson

Debra LynnSara Constantino

By Tracee [email protected]

The home construction industry cutthousands of jobs in Colorado in thedownturn and employment remains farbelow pre-recession levels. But there areglimmers of hope ahead.The Northern Colorado residential

market – an area from Berthoud northto the state line including Greeley – sofar this year has seen $190 million insingle-family new home sales, a 13.5percent improvement over all of 2010.In all, 711 new homes have been sold

compared to 587 in the first 11 monthsor so of 2010, a 20-percent improve-ment.Those figures, provided by the Fort

Collins Board of Realtors, are still farunder new-home sales statistics pre-recession, but people in the industry arenonetheless feeling more optimisticthan they have in some time.Existing home sales also have been

rebounding in recent months, an indi-

New-home construction shows signs of lifeIndustry feelingoptimistic withbig improvement

Tracee Sioux, Northern Colorado Business Report

BACK TO WORK — Construction of new homes remains far below the days before the recession but is nonetheless returning to Northern Colorado.

See CONSTRUCTION, 18

18 | Northern Colorado Business Report www.ncbr.com | Dec. 2-15, 2011

cator of demand that typically helpsspur new-home sales as well.Regional data released in late

November underscores the trend.Single-family housing starts in the

West were up 3.4 percent from October2010 to October 2011, according to theU.S. Census Bureau. Of course, housingstarts remain well below peak levels – 87percent below the peak reached duringMay 2004. Still, activity is up, and withemployment figures expected toimprove over the next couple of years,more new homes are expected to go up.Who’s buying? Generally, first-timers,

families that are downsizing and new-comers to Fort Collins.That’s meant modestly sized homes at

modest prices.“The builder realized where they

needed to build in order to sell houses,”says Sean Dougherty, president of theFort Collins Board of Realtors.The adjustment is doing more than

helping move inventory. In 2010, theaverage selling-price-to-list-price ratiowas just under 98 percent. This year, thatratio is 100.5 percent.Also, pre-sells, contracts before the

hole is even dug, were rare in ’10 buthave come up in ’11.So, while builders last year were often

forced to haggle their prices down to geta home sold, this year buyers are payingfor add-ons: the finished basement, anextra bathroom.“I wanted a newer house with lots of

space and if I bought downtown I wouldhave had to put in a lot more work andmoney to do all the upgrades I wanted,”says Sara Kueck, who was expecting hersixth and seventh children when shebought a new home this summer.Kueck lives in the Maple Hill area in

northeast Fort Collins, in a home builtby Journey Homes.Journey, based in Greeley, has eight

new subdivision projects in NorthernColorado, primarily with price points at$230,000 or lower.Bob Golba, the company’s sales man-

ager, said that while 2011 started slow forhis company, the last six months saw adoubling in the sales rate seen in the sec-ond half of 2010.Golba said builders have been able to

purchase lots at a better price, allowingthem to deliver a better product at bet-ter pricing. Journey Homes has alsochanged its approach. In the past, itmight have been actively building asmany as 400 homes in four subdivisionsat the same time. Nowadays, it will

more typically work on no more than50 homes in as many as eight subdivi-sions. In other words, it is doing what itcan to minimize its exposure andspread risk.Golba said Journey Homes expects

new-home prices will increase slightlynext year, the first time that will havehappened in several years.Getting a mortgage lender to approve

a loan also is expected to get easier nextyear. As so many Americans know, get-ting a loan hasn’t been easy in this recov-ery.“Five years ago anyone with a pulse

could get a loan,” Dougherty said.The economic meltdown changed all

of that. Today, however, lenders arerelaxing a big.“Yes, the banks are demanding more

information,” Dougherty said, “but Ihave not had a hard time with the clientswho are valid candidates getting loans.It’s better than it was.”For some people, anyway.Renee Radke was surprised by how

difficult it was to get her loan in mid-October. Though she and her husbandhad an employment history inCalifornia, a credit score of 820 and herhusband has a job at Car Toys in FortCollins, they still had to have a co-signerbecause they didn’t meet the criteria oflocal employment for one year.“I’m 40 years old with a credit score

of 820 and I had to get a co-signer,”Radke said, baffled.Which is why even with interest rates

at historic lows, the new-constructionmarket is still a long way from the boomdays of the mid-2000s.And that might be just fine for some

builders.“We project that we’ll sell 50 percent

more homes next year than we did thisyear,” Golba said. “At lot of competitionhas thinned out.We can still deliver a lotof inventory.”

CONSTRUCTION, from 17

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Meet the VanderVleits.Here’s why they recycle:

Visit the City’s recycling drop-off at 1702 Riverside, openevery day during daylight.

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Serving Northern Colorado for 25 years

“I wanted a newerhouse with lots ofspace.”

Sara Kueck,Maple Hill homeowner

Dec. 2-15, 2011 | www.businessreportdaily.com Northern Colorado Business Report | 19

Largest Architecture FirmsRanked by no. registered architects

RANKPREVRANK

COMPANYADDRESSPHONE/FAX

NO. REGISTERED ARCHITECTS2011

EMPLOYEES 2011EMPLOYEES 2010

% TIME SPENT ON:ARCHITECTURE

% TIME SPENT ON: PLANNING% TIME SPENT ON: INT. DESIGN

% BUSINESS: GOVERNMENT% BUSINESS: COMMERCIAL% BUSINESS: RESIDENTIAL

% BUSINESS INREGION

% BUSINESS OUT OFREGION

E-MAILWEB SITE

PERSON IN CHARGETITLE

YEAR FOUNDED

1 1

RB+B ARCHITECTS INC.315 E. Mountain Ave., Suite 100Fort Collins, CO 80524970-484-0117/970-484-0264

152424

80%10%10%

60%35%5%

65%35%

[email protected]

Ken FieldPresident

1953

2 2

ALLER-LINGLE-MASSEY ARCHITECTS PC712 Whalers Way, Suite B-100Fort Collins, CO 80525970-223-1820/970-223-1833

81314

90%5%5%

60%25%15%

90%10%

[email protected]

David LingleMichael (Mick) Aller

Brad MasseyPrincipals

1986

3 4

ARCHITECTURE PLUS PC318 E. Oak St.Fort Collins, CO 80524970-493-1220/970-224-1314

475

80%20%0%

80%15%5%

85%15%

[email protected]

Jim CoxTom Kalert

AIA, PresidentAIA, Vice president

1970

4 3

VFR DESIGN INC.401 W. Mountain Ave., Suite 200Fort Collins, CO 80521970-224-1191/970-224-1662

43

N/A

0%60%0%

20%70%10%

99%1%

[email protected] N/A

5 7

THE ARCHITECTS' STUDIO151 W. Mountain Ave.Fort Collins, CO 80524970-482-8125/970-482-8450

385

N/AN/AN/A

40%40%20%

80%20%

[email protected]

Don Bundy,Carr Bieker,

Glenn Konen,Jeff ErrettPrincipals

1988

6 5

KENNEY & ASSOCIATES INC.209 E. Fourth St.Loveland, CO 80537970-663-0548/970-669-2384

356

N/AN/AN/A

0%80%20%

95%5%

[email protected]

Roger A. KenneyPrincipal, owner

1991

7 6

THE FWA GROUP3665 JFK Parkway, Bldg. 2, Suite 103Fort Collins, CO 80525970-232-3125/704-332-7004

345

100%0%0%

N/A0%0%

100%0%

[email protected]

Randall E. LarsenAIA LEED AP Principal

1953

8 8

THORP ASSOCIATES PC ARCHITECTS & PLANNERS131 Stanley Ave., Suite 100Estes Park, CO 80517970-586-9528/970-586-4145

255

95%5%0%

5%85%10%

95%5%

[email protected]

Roger M. ThorpAIA, NCARB, LEED AP,

President1976

9 10

HILLHOUSE ARCHITECTS INC.8897 Gander Valley LaneWindsor, CO 80550970-686-0505/N/A

244

85%10%5%

10%70%20%

25%75%

[email protected]

Jim HillhousePrincipal

1977

10 NR

RANKIN ARCHITECTS117 E. Mountain Ave., Suite 205Fort Collins, CO 80524970-224-0630/970-224-0634

221

85%15%0%

0%90%10%

100%0%

[email protected]

Matt RankinPresident

2006

11 11

FREEMAN ARCHITECTS PC2024 Blue Mesa CourtLoveland, CO 80538970-667-3939/970-667-3940

144

90%10%0%

0%75%25%

95%5%

[email protected]

John FreemanOwner/architect

2003

12 9

JCL ARCHITECTURE INC.401 S. Mason St.Fort Collins, CO 80524970-224-5710/970-224-5715

144

N/AN/AN/A

20%55%25%

75%25%

[email protected]

Justin LarsonAIA, CEO

2004

Region surveyed includes the city of Brighton and Larimer and Weld counties.N/A-Not Available.NR-Not Previously Ranked.

Based upon responses to Business Report survey researched by Ross ManleyTo be considered for future lists, e-mail [email protected]

An ENERGY STAR® homeis a better built home

Learn more @ NoCOEnergyStarHomes.orgLoveland Water and Power Estes Park • Fort Collins • Longmont • Loveland

Properly Installed Insulation is one of the keysto a comfortable, energy efficient homes.High Performance Windows can block70% or more of the solar heat gainin the summer and reflect radiantheat indoors during the winter.

Efficient Heating and CoolingEquipment and Ductsthat are tightly sealedimproves the overall comfortand air quality of you home.

With an ENERGY STAR homethese are standard featuresthat will provide you

Visit our website and find yourENERGY STAR home builder inNorthern Colorado today.

BETTER COMFORT

Loveland Water and PowerEstes Park • Fort Collins • Longmont • Loveland

20 | Northern Colorado Business Report www.ncbr.com | Dec. 2-15, 2011

in October — the latest figure — com-pared to 115 in October 2010.Linda Perez, director of

Employment Services of Weld County,echoed Dotson’s observation of gener-ally higher postings this year.“We have seen an increase in job

openings with employers who are list-ing with us,” she said. “I think it’simproving.”Perez cited Weld job postings for the

July-through-October period over thelast three years showing a steadyincrease. In 2009 – when the nationalrecession was in full swing – there were962 job openings listed. That increasedslightly in 2010 to 1,062, then jumpeddramatically this year to 2,765.

Perez said she’s seen increases inWeld County job postings in ware-housing, transportation, retail andmanagement. Dotson said she’swatched listings grow “across theboard” in Larimer county, and bothDotson and Perez noted increases inmanufacturing jobs listings.“Manufacturing has definitely been

one of the areas that have had a lot ofpostings,” Dotson said. “Woodward’sbeen a pretty significant jobs poster forus. They’re doing quite a bit of hiring.”Perez noted Leprino Foods as an

example of manufacturing that’shelped shoot up Weld job listings. Inlate October, Leprino opened the firstphase of its Greeley cheese-and-dairymanufacturing plant, initially employ-ing about 100 workers. Another waveof hiring at the plant is expected in

early 2012.It’s not just county employment

offices where increases in job postingsare being seen. Staffing agencies in theregion also say they’re getting morepostings.Melissa Gallegos, a jobs recruiter at

Volt Workforce Solutions, said hiringat Volt has been up all year. “Hiring hasdefinitely been picking up since lastJanuary,” she said. “We’ve always saidwe’re the first to be hit in a recessionbut we’re also the first to bounce back.”Gallegos said she’s noticed compa-

nies bringing back human resourceemployees that were among the first tobe let go when the recession kicked in.And even her office has been hiring.“We’ve been hiring more recruiters

because there’s more (jobs) out there,”she said.

Rick Wagner, EmploymentSolutions manager, said his staffingagency is also seeing more jobs beingposted and filled. “We are seeing anuptick, but we have been up all year,”he said.Wagner said Employment Solutions’

revenue is up about 60 percent thisyear. He said signs of an employmentrecovery are growing. “I feel like we’rewell into it. We’re having two realstrong years back to back.”Greg Owens, office manager at

Adecco Employment Services, said hisagency’s postings have also been up forsome time. “Since January of this year,we’ve seen quite a lot of increase.Basically, from 2010 on we’ve beengrowing continually, with 2011 beingeven better than 2010.”Owens said those job postings have

been primarily in clean energy, clericaland accounting and manufacturing.“The sector that’s definitely growing

the fastest is manufacturing,” he said.Fort Collins-based Otterbox is one

manufacturer that’s been doing a lot ofhiring this year. “I think for us it’s beenpretty steady this year,” said GregChurchman, Otterbox’s staffing andengagement manager. “Our first quar-ter was down, but through the rest ofthe year we’ve been pretty steady inhiring.We currently have 25 open posi-tions on our website. We expect to hireabout 150 people this year.”Founded in 1998, Otterbox makes

protective cases for cell phones andother electronic devices.Churchman said Otterbox does

most of its hiring directly through itsweb site but the company also usesstaffing agencies for its customer serv-ice and distribution center openings.And then there are also networking

groups that offer support and job refer-rals.Mary Kay Hyde-Bohn, a spokes-

woman for NoCoNet – a network ofunemployed and underemployed localprofessionals – said things have beenlooking up recently. “We’re seeing morepeople get employment,” said Hyde-Bohn, who was laid off at IBM in 2009.The bad news is that most are find-

ing work through staffing agencieswith no assurance that the job will belong-term.“Very, very few are getting direct-

hired for a full-time, permanent posi-tion,” she said. “They don’t know ifthey’re going to be a permanent hire.”Still, a job is a job and worth cele-

brating, Hyde-Bohn said.“We have a tradition that when a

member gets employment, they bringin doughnuts,” she said. “Over the lasttwo months, at least every week there’stwo or three people bringing in dough-nuts.”

“Our job orders havedefinitely gone upconsistently over thepast year.”

Kathy Dotson, Larimer CountyWorkforce Center

CFOAWARDSOF THE YEAR

NORTHERN COLORADO

If your company would like to join us in sponsoring theNorthern Colorado CFO of the Year Awards, contact

De Dahlgren, NCBR Marketing Director at 970-232-3132.

September 13, 2012 7:00–9:30 a.m.Embassy Suites – Loveland

The Northern Colorado Business Report and Kennedy and Coe,LLC will recognize chief financial officers in our region whose effortssuccessfully navigate a company’s financial future. Honorees will berecognized at the Bixpo 2012 opening event, Business LeadersBreakfast, September 13, 2012.

The Northern Colorado Business Report and Kennedy and Coe are pleased to open nominations for the 2012 CFO of the Year Awards.

2012 CFO of the Year NominationNomination deadline: August 1, 2012The Northern Colorado CFO Awards are presented to recognizechief financial officers in the Northern Colorado region whoseefforts successfully guide a company’s financial future.

Candidates for the Northern Colorado CFO Awards will meetthe following three criteria.

1. Candidates for the Northern Colorado CFO Awardsare the individuals responsible for the financialmanagement of their companies. They may or maynot carry the title of chief financial officer, but theycarry the responsibilities of that office.

2. Candidates must work in Northern Colorado(Larimer and Weld counties).

3. The company for which the candidate works must beheadquartered in Northern Colorado.

Nominee’s first name Last name

Nominee company’s name

Nominee company address – Street

Nominee company address – City, state, zip code

Nominee email Nominee telephone

Company CEO’s or owner’s name

Company CEO’s or owner’s email Company CEO’s or owner’s telephone

Nominator’s first name Nominator’s last name

Nominator’s email Nominator’s telephone

Nominator’s company’s name

Nominator’s company address – Street

Nominator’s company address – City, state, zip code

The Northern Colorado CFO Awards will be presented toCFO’s based their company’s size ranked by number ofemployees. Non-profit companies categories are based on typeof services provided either human services or creativeindustries. Please select one category into which thenominee’s company falls.

• 1 – 9 Employees• 10 –24 Employees• 25 – 49 Employees• 50 – 99 Employees• 100+ Employees

• Nonprofit – Human Services• Nonprofit – Creative Industries

Candidates for the Northern Colorado CFO Awards willdemonstrate their achievements in the following areas. Pleaselimit the narrative for each section to 200 words or less.

� Describe how this candidate for the Northern ColoradoCFO Award has advanced and contributed to the successof the company for which he or she works.

� Describe how this candidate has advanced and shownleadership within the industry to which her or his companybelongs and /or the field of financial operations.

� Describe how this candidate is involved with and shownleadership within the community.

� Describe or list how this candidate has continued todevelop professionally earning additional certificationsand/or degrees.

� Describe or list this candidate’s other significantachievements such as honors, awards and recognitions.

Mail completed nominations to:Northern Colorado Business Report

CFO NominationsP.O. Box 270810

Fort Collins CO 80527

Nominations may also be emailed to: [email protected].

JOBS, from 3

Dec. 2-15, 2011 | www.businessreportdaily.com Northern Colorado Business Report | 21

Largest Office Furniture and Design StudiosRanked by sales volume from furniture

RANKPREVRANK

COMPANYADDRESSPHONE/FAXWEBSITE

OFFICE FURNITURE SALES2010

OFFICE FURNITURE SALES2009 NO. LOCAL EMPLOYEES MAJOR BRANDS OF OFFICE FURNITURE SERVICES & SPECIALTIES

PERSON IN CHARGEHEADQUARTERS

YEAR LOCALLY FOUNDED

1 1

OFFICESCAPES4950 S. College Ave., Suite AFort Collins, CO 80525970-223-5959/970-223-5858www.officescapes.com

$6,370,000$5,215,000 20 Steelcase, Turnstone, Details, Coalesse,

National, Gunlocke, OFS/First Office, Global, AIS.

Office, health care and educationfurnishings, workplace consultingand planning, installation, moves

and reconfigurations, cabling,flooring, audio visual.

Sharie GrantPresident, Northern Division

Denver1969

2 2

AMERICAN FURNITURE WAREHOUSE625 S.W. Frontage RoadFort Collins, CO 80524970-221-1981/970-221-2768www.afwonline.com

$4,891,060$4,583,832 135 Ashley, Sunny Designs Inc., Furniture Values

International.Furniture retail services and

accessories.

Jake JabsOwner

Englewood1975

3 4

NORTHERN COLORADO PAPER295 71st Ave.Greeley, CO 80634970-353-8787/970-353-2406www.ncpaper.com

$4,300,000$2,500,000 120 N/A

Distribution for paper products,janitorial supplies, disposable

food service products andpackaging materials. Office

furniture.

Tim WardeSenior sales manager

N/A1978

4 5

MY OFFICE ETC. B671 Academy Court, Unit CWindsor, CO 80550970-686-5218/970-686-7141www.myofficeetc.com

$1,900,000$1,900,000 N/A

HON, Global, National, Abco Office Furniture,Bush Industries, Cramer, Eurotech, High Point

Furniture, Ironwood, KFI Seating, MaylineGroup, Nightingale Corp., Tennsco Corp.

Office supplies, office designservices, printing, business

furniture sales and installation.

Bror CederströmWindsor

1991

5 6

JUST OFFICE FURNITURE825 S.W. Frontage Road, Unit 2Fort Collins, CO 80524970-493-9039/970-484-1573www.justofficefurniture.com

$1,600,000$1,400,000 N/A Global, Performance, HON, DMI, Herman Miller,

Unisource, Florense, Datum, HumanScale.

New and used commercialfurniture. Services consist of

asset management, spaceplanning, office design,

installation, relocation, andreconfiguration.

Alexa HeplerMike Hepler

OwnersFort Collins

1979

6 11

ECO - THRIFT208 N. Howes St.Fort Collins, CO 80521970-484-4224/N/Awww.eco-thrift.com

$18,000$15,000 5 All major brands.

Thrift store-based center forreuse and recycling, selling

furniture, appliances, outdoorgear, clothing, electronics,household and other items.

Tony CooperOwner

Fort Collins2006

Region surveyed includes the City of Brighton and Larimer and Weld counties.N/A-Not AvailableNR-Not Previously Ranked.B Formerly American Business Products

Based upon responses to Business Report survey researched by Mariah GantTo be considered for future lists, e-mail [email protected]

realize that amount for each surgery atMCR.“This is not what we make in profit

from the surgery,” she emphasized, not-ing that from those charges are deductedsurgeon fees, medications, nursing care,recovery room expenses and other costs.“It’s too early to speculate on hard profiton this.”“The windfall will actually be for the

patients in terms of quality and efficien-cy,” she said. “If we are doing higher vol-umes at MCR, we should become moreefficient.”That could mean bringing down the

average cost of an open-heart surgery.“That’s the ultimate goal,” Taylor said.Dr. William Neff, chief medical offi-

cer for PVHS and Poudre Valley MedicalGroup, said the main advantage of thenew arrangement is that it will greatlyincrease the number of potential open-heart surgeries that can be performed atMCR.“Cardiac surgery is one of those areas

that shows volume matters for the out-come of the program,” he said. “A teamwants to be doing at least 100 hearts ayear to maintain their quality and skills.”LUH President and CEO Mitchell

Carson said he felt the decision to unitethe two programs was the right one forboth organizations and their patients.“LUH is focused on what is best for

the patient by uniting our cardiovascularcare with MCR,” Carson said. “Having acentralized, regional open-heart pro-gram makes sense both from a qualityand efficiency standpoint.”Under the combined program, LUH

HEART, from 3

See HEART, 22

will continue to offer other heart proce-dures but patients requiring open-heartsurgery will be referred to MCR.PVHS has had a similar combined

heart-surgery program at MCR withRegional West Medical Center inScottsbluff, Neb., since 2007.PVHS and LUH also have worked

together on other fronts in the past. InAugust 2010, the two announced theywould jointly build a medical campusnear Frederick to serve the growingsouthwest Weld County region.Longmont United paid $7.2 million

for a 70-acre property and the twoorganizations agreed to evenly share thecosts of developing the campus, which isexpected to begin construction in thefirst half of 2012.

22 | Northern Colorado Business Report www.ncbr.com | Dec. 2-15, 2011

Others concentrate relentlessly onincreasing sales. They don’t see the con-nection between people and profit.Kris Boesch, founder and CEO of

Choose People, is passionate about help-ing companies improve employee cul-ture in order to drive business results.“A positive employee culture is criti-

cal to the financial success of any busi-ness. Companies simply cannot affordto have unhappy employees. If youwant happy, loyal customers then youmust also have happy, loyal employees.”Choose People begins its process by

measuring response to one question:“Do your employees feel good aboutcoming to work?” They then provideleaders with the roadmap and the toolsto address key opportunities and issues.Boesch believes that “many business

leaders have a strong desire to createhappy work cultures. They either don’tknow where to begin or they fear it willbe too costly.”Boesch appreciates these concerns.

As a business owner and entrepreneur,she can relate to the pressures employ-ers are under. “Small changes can have asignificant impact when it comes to cre-ating a happy work culture. And, it isnot about throwing money at people.Bigger salaries and more vacation timedo not necessarily equate to higher lev-els of worker satisfaction.”Through extensive research with

CSU, Boesch identified eight critical fac-tors to having employees feel goodabout coming to work.According to Boesch, one factor

looks at impact. “Workers want to berecognized for their contributions andthey want to be held accountable.Employees want to understand how thework they do furthers the success of theorganization. Employees crave inclu-sion. One of the biggest mistakes leadersmake is excluding employees from solv-ing problems. Leaders need to educatetheir employees on how the companyworks. The more employees know, themore they feel included. They want tobe on the inside and help the businesssucceed. It’s frustrating to be on theoutside. This is just one of the reasonsemployees disengage and go elsewhere.”Employers cannot afford to lose good

people. Recruiting and retaining the tal-ent necessary to keep business movingforward is an ongoing challenge formost organizations. Despite persistentlyhigh unemployment rates, employerscontinue to bemoan the fact that theycannot find qualified candidates.Companies claim to be receiving

large responses to their postings and yetthey say few applicants are worth hiring.Companies of all sizes blame a lack ofavailable talent for slowing their growth.Holding on to key talent is anotherissue. If you want to see what fear lookslike, ask a business leader what theywould do if several of their top per-formers gave notice tomorrow. The timeand cost to hire and train new talent

stalls company growth and progress.When an employee voluntarily leaves

in search of a better work environment,they generally don’t walk blindly intothe next position. The same is true fora person who has been through apainful layoff. They want to land in abetter place. So even in this competitivejob market, a shift is happening.It is becoming less of a buyer’s mar-

ket in which employers drive the hiringprocess. Fed up with lengthy onlineapplications and dead-end recruitingpractices, talented candidates are turn-ing the tables. The job search begins byidentifying companies with exceptionalproducts and services as well as reputa-tions for treating employees well.Job searchers tap into their networks in

order to get the inside scoop about poten-tial employers. Online resources, such asGlass Door (www.glassdoor.com), offer aninside look at jobs and companies.Employees post anonymous commentsregarding a company’s culture, benefits,salaries, and leadership style. Armed withknowledge, job searchers then marketthemselves directly to organizations thatmatch their values and needs. Super savvycandidates are maneuvering around HRand talking directly to hiring managers.Much like consumers who use their buy-ing power to support socially and envi-ronmentally responsible companies, moreand more people want to put their skillsto work for organizations that promotepositive people practices.Companies known for being great

places to work spend less moneyrecruiting and they have lowerturnover. They have agile hiringprocesses and welcome being courtedby proactive job searchers. This meansthey have less need to post positions. Asteady stream of applicants andemployee referrals continually fill thehiring pipeline. Additionally, theseorganizations are often able to cherry-pick top talent without having to sortthrough hundreds and thousands ofapplications and resumes. As businessneeds expand, they can more quicklyaccess the talent needed to meet theincreased demand.There is a movement toward a con-

sumer-driven job market. Not everyonehas the luxury of being selective aboutwhere they work. Yet more and morepeople expect employers to provide apositive environment. Sustainable prof-itability will be reserved for companiesthat pay close attention to the experiencethey provide for employees and cus-tomers. Imagine a world in which everyperson was happily engaged in meaning-ful work. What if all employees felt val-ued and appreciated in the workplace?Boesch puts it this way, “When we

make work better, we make the worldbetter. When people are happy at work,they are much more likely to show uphappier at home and in the community.”This is the ultimate bottom line that

we can all work to improve.

Carrie Pinsky also writes the CareerEnthusiast blog.

CAREER, from 9

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HEART, from 21

Dec. 2-15, 2011 | www.businessreportdaily.com Northern Colorado Business Report | 23

to expect 20-plus percent growth ratesto continue. The currently strong 2011growth rates are the result of negativegrowth rates in the second half of 2010,so 2012 growth rates are likely to becloser to zero because of currentstrength in the economy.But the bottom line is that our econ-

omy is growing again.The single statistic contributing the

most to overall growth rates since July issingle-family detached residential hous-ing permits. The increases for July,August and September, respectively,were 71, 26, and 46 percent. The num-bers of 2011 permits issued were comingoff very low numbers in 2010 caused bythe end of federal government stimula-tion to the housing sector. These largeincreases in this sector cannot be sus-tained unless job growth picks up.The second statistic contributing

greatly to our recent growth rate is thedollar amount of construction put inplace. The July, August and Septemberpercentage increases were 199, 74 and 11percent, respectively. These increaseswere probably the result of Stimulus Actdollars working their way through toinfrastructure projects and to the recentlarge increases in apartment construc-tion. Stimulus Act funding is mostlyspent but increased apartment construc-tion is likely to continue well into 2012.The third strongest statistic con-

tributing to our recent growth is thedecline in foreclosures and, therefore, adecline in the number of bankruptciesbeing declared. Bankruptcies are a dragon our economy and any decline in

their number is positive for our econo-my. The monthly year-over-yearimprovements in this statistic are in the30-40 percent range.Retail sales have also been increasing

nicely through the July-September peri-od, in the 10 to 18 percent range. Thisis a strong indicator that holiday seasonsales should increase at least 10 percentover 2010.Job growth by place of residence was

1.89 percent in September, indicatingthat new jobs are being created. This isa strong, positive growth indicator forour economy.There was also strong growth in

motor vehicle registrations in July andAugust, suggesting that more motorvehicles are being used in our economythan was true for the same months in2010. New-car sales were also strongduring this period.Nearly all economic indicators are

growing in Northern Colorado, bodingwell for our economy in the short run.The 2012 election will be very

important to the growth of theNorthern Colorado and U.S.economies. If the cost-cutters gain con-trol of the White House and Congress,we will double-dip in 2013. If control ofthe federal government remains divid-ed, we will continue to slide sideways.The European mess could also cause adouble-dip in 2012. The next year willclearly determine the direction of oureconomy through 2018.

John W. Green is a regional economistwho compiles the Northern ColoradoBusiness Report’s Index of LeadingEconomic Indicators. He can be reachedat [email protected].

ECONOMY, from 9

process,” Kirkpatrick said. “We spend aday on the manufacturing floor, examinetheir energy use in the overall manufac-turing process, then make various meas-urements to show howmuch electric andnatural gas energy they’re consuming.”Kirkpatrick said the latest DOE grant

is also aimed at “building the next gener-ation of energy engineers, both in build-ings and manufacturing processes.”“We’re taking students on site visits

where they actually get to see how thingsare made and look at it with fresh eyes,”he said.“We look at where they (the man-ufacturers) use energy and come up withideas to save energy and make whateverthey make in a more efficient way.“We give them a snapshot of what

they’re consuming.”

Win-win experienceCSU mechanical engineering student

Christian Knapp said his participation inthe program has been valuable. One ofthe companies Knapp and other studentsvisited recently was the Vestas manufac-turing facility in Brighton.Knapp said the student team found a

number of areas that Vestas could realizesome cost-savings, including fixing leakyair-compressor pipes and hoses. Knappsaid the students used highly sensitivemicrophones to listen to the hoses andpipes and pinpoint leaks that normallywould not be noticed. They markedblueprints with the leak locations so thefacility’s staff could fix them.“We gave them a report, and we actu-

ally estimated the cost for them in timeand parts,” he said. “We can save literallythousands of dollars by helping them fix

their leaks.”Bobby Lujan, Vestas’ facility manager

in Brighton, said the visit from the CSUstudents in June “was a neat thing.”“They spent some time with our facil-

ity team and we worked together, thenthey went back (to CSU) and analyzedthe information and about a month laterprovided us with a very thorough evalu-ation of some potential energy-savingproposals,” he said.Lujan said another idea suggested by

the students was to convert roof doorsinto skylights. “We think we can savequite a bit of money on electricity bygaining some natural lighting,” he said.Knapp said being in the Industrial

Assessment Program “is a lot of fun andprobably one of the most hands-onexperiences I’ve had.”“It’s fairly difficult to get actual

hands-on experience in the field of engi-neering,” he said. “And it’s great for stu-dents who don’t have a manufacturingbackground because it gets them intosomething they aspire to do but neverhad the chance to be around.”Kirkpatrick said the program has

helped more than 600 companies since itstarted 26 years ago. He said about 70percent of the companies surveyed saidthey made changes to their operationsbased on students’ suggestions.Kirkpatrick said the program – which

now assists between 12 and 15 compa-nies each year – provides the kind ofhands-on experience manufacturingcompanies look for when hiring.“Once you give students an opportu-

nity like this, they just rise to the chal-lenge,” he said. “It’s an open-ended prob-lem that requires innovation and creativ-ity, and that’s what these kids need. Tome, that’s real engineering.”

CSU, from 4

– but what’s more important is they giveus an educational platform, along withonsite solar, algae production and con-ventional.”Willson said he preferred not to

reveal the expected cost of the four windturbines. “The (turbines) are still in thedesign phase and we’ll get more detailedcost data in the next couple of months,”he said.“If we were only doing this on a cost-

payback analysis on the turbines, itwould be a challenging decision. But ifwe factor in the educational role, then itbecomes a very good investment.”The $17 million project is being

funded mostly by private donations butis also receiving public support fromCSU, the DDA and federal tax credits.The smokestacks will be the same

size as the original stacks removed in1972 – five feet in diameter and 30 feettall. The vertical-axis turbines will bejust under five feet in diameter andabout eight feet tall, Willson said.The idea for the turbines-in-

smokestacks was developed by theengines lab and Fort Collins-basedNeenan Archistruction, architect for theproject. The former power plant build-ing is leased from the city, and Willsonsaid the response from the city has beenpositive.“We were a little bit surprised by the

enthusiastic response we received fromthe city,” he said. “It seems like they’vereally embraced it.”The proposal has been presented to

the city Landmark PreservationCommission on two occasions, Willsonsaid, and so far the response has been

“very supportive.”“They said as long as (the stacks) are

the same identical size, they would sup-port it,” he said.Bud Frick, LPC member, said “that’s

my take on it, too.”“This is a great reuse of an existing

facility,” he said. “Replacing those stackswith new technology is great. It’s a per-fect fit.”Willson noted that the overall project

has still not received final approval fromthe city. But he is hopeful all hurdles canbe jumped and the smokestack-turbinescan become a signature part of thedesign of the new engines laboratory.“We want to honor the heritage of

the building,” he said. “(The smoke-stacks) represent the energy innovationin 1935, and we’re looking at renewableinnovation in 2012.”The expansion-renovation project is

scheduled to begin in the summer of2012 and be complete by the fall of2013.

TURBINES, from 5

“They will serve asa visual symbol ofthe transformationof old energy tonew energy.”

Bryan Willson

24 | Northern Colorado Business Report www.ncbr.com | Dec. 2-15, 2011

Its close ties to the constructionindustry meant that The Light Centerfelt the effects of the recession a bit morethan other businesses without connec-tions to the troubled housing market.Decades of experience, including havingto weather earlier recessions, preparedthe crew for the national meltdown.Keeping a focus on the customer and

introducing innovative, environmentallyconscious products and features helpedthe company make it through the toughtimes, according to Guerriero. It alsobegan doing retrofits.The 20,000-square-foot store features

a mix of commercial and residentiallighting, with a variety wide enough sothat most anyone, on most any budget,can find what they’re looking for.A visitor to The Light Center will be

greeted, as you might expect, by thebright glow of thousands of bulbs of allshapes and sizes, strategically arrangedaround pieces of furniture to give thecustomer an idea of how any one of thefixtures might look in their home oroffice.

To give clients an even better feel forwhat affect their potential purchases willhave on a room, The Light Center offersan in-store lab of sorts.The lab allows for the demonstration

of overhead and under-cabinet lighting,lamps and pretty much any other kindof residential or commercial lightingimaginable.The Light Center also provides a serv-

ice that helps businesses learn abouttheir options with energy-efficient light-

ing and rebate programs from energycompanies Xcel and Platte River PowerAuthority.LED lighting, one of the most com-

mon types of environmentally friendlylighting, is much more expensive thantraditional options, but it’s worth it,Edwards said, because LED lights last somuch longer than incandescent light-ing.While the installation of its products

is left to electrical contractors, The Light

Center hastwo serviceproviders onstaff to helptroubleshootissues cus-tomers mighthave.“It’s all

about accom-modating thec u s t om e r ,”Edwards said.T h a t ’ s

more than aplatitude atthe LightCenter. Its

employees are trained by the AmericanLighting Association to ensure they havethe latest and best thinking in the indus-try.Like other smart business owners,

Edwards and Guerriero are committedto giving to the community that has sup-ported the business for the last fourdecades. They make contributions to 30to 35 charitable causes every year, oftendonating lighting to theaters and lendingequipment for local events.

Jonathan Castner, Northern Colorado Business Report

The Light Centerat a glanceName: The Light CenterAddress: 2725 S. College Ave., Fort CollinsNumber of employees: 30Year established: 1971Description: Family-owned lighting businesscaters to both commercial and residentialclients, providing environmentally-friendlyretrofits and a Lighting Lab that allows cus-tomers to try out different kinds of lightingin different rooms.

SOURCE: BUSINESS REPORT RESEARCH

ENTERPRISE, from 3

Conway said the county has puttogether the Niobrara Working Group,comprised of local municipalities andoil-and-gas companies, that meetsmonthly to identify problems and comeup with ways to address them.“We’re looking at road issues, haul

routes, access issues – all the things thatmight be impacting these communities,”he said. “We have representatives fromall of the (drilling companies).”Conway said the county also is part-

nering with oil and gas companies onprojects aimed at minimizing theimpacts of drilling in rural areas withfragile roads. As an example, he saidHouston-based Noble Energy con-tributed $250,000 to help pave theGrover bypass in northeastWeld Countyand move drilling traffic out of town.“Our partners have been very willing

to step up to the plate and help out,” hesaid.Doug Flanders, a spokesman for the

ColoradoOil andGasAssociation, said theindustry is doing its best toworkwith localgovernments to address road impacts.“Oil-and-gas activity is an industrial

process,” he said. “We’re trying to mini-mize those impacts to the best of our abil-ity. But those impacts are real, andwe as anindustry have to work with local govern-ments to address those concerns as soon aspossible in those local communities.”Brian Cain, a spokesman for

Anadarko Petroleum, said the Houston-based company also is working withlocal governments and communities toaddress issues that arise as a result of itsactivities.“I think it’s very positive that we are

able to provide the energy we all needand jobs and economic opportunitiesand still provide enough for the localgovernments to fund the costs that comewith those operations,” he said.Cain noted that Anadarko, which

employs more than 1,000 people in thestate with many located in NorthernColorado, is injecting huge amounts ofmoney into the state’s economy.“Over the last three years, Anadarko

has spent over $1.5 billion in capital inColorado, with most of it spent in the

greater Wattenberg (Field) area, and incoming years we’re looking to increasethat spending,” he said.Cain said Anadarko believes there is

“tremendous potential” for the area – a100-square-mile geologic formation thatincludes portions of Weld, Larimer,Boulder, Adams and Broomfield coun-ties – and has projected reserves of 500million to 1.5 billion barrels of oil.Anadarko holds interests in more

than 350,000 acres in the WattenbergField.

Almost half of Weld taxStepped-up drilling over the last two

years has caused severance tax and feder-al mineral lease money to stream intoWeld County, with even more oil and gasactivity planned for 2012, according toprojections by companies that includeAnadarko and Noble.More than $54 million was distrib-

uted across the state to local govern-ments in fiscal year 2011, which endedJune 30, including nearly $2,574,000directly to Weld County government.That figure doesn’t include the county’s31 cities and towns, which also raked inmore than $3 million including morethan $1 million for Greeley alone.Those funds are welcome anytime

but especially in tough economic times.“Oil and gas is the largest segment in

Weld County in taxes paid,” said ChrisWoodruff, county assessor. “Of everydollar of tax that’s paid in the county, 47cents comes from oil and gas.”Oil and gas-related property taxes,

severance taxes and federal mineral leasepayments have all helped Weld commu-nities cope with the slowdown.“The actual revenues came in about

$1 million more than was estimated inour budget,” said Tim Nash, Greeley’sfinance director.The city received $639,000 more in

severance tax and $221,000 more in fed-eral mineral lease payments in 2011 thanit did the previous year.Nash said the extra money will go to

a perennial need: fixing crumbling citystreets.“It is going and it has been going to

road maintenance,” he said. “It’s beenone of our highest priorities for a num-ber of years now. It’s been a nice additionto our normally budgeted roadwork.”Joel Hemasath, Greeley’s public

works director, said the $1 million in oiland gas money received in September isbeing spent on 1.1 miles of new asphaltoverlays, mostly on badly deterioratingdowntown streets.

Weld commissioner Conway said theadditional revenue is helping the countyremain debt-free.“By and large, the oil and gas rev-

enues over the last year and a half haveallowed us to offset the decreases we’veseen in commercial and residential valu-ations,” he said.“About 40 percent of ourbudget comes from oil and gas, and thatallows us to be debt-free and not have asales tax.”COGA’s Flanders said he’s not sur-

prised Weld County is flush with moneyfrom oil and gas activity, given that it hasthe most active wells – 17,000 – in thestate.Flanders said that’s helped the county

and the communities within it getthrough some recent tough years.“The oil and gas industry in

Colorado in the last year or so has beenone of the bright spots and has helpedweather the storm as we move towardrecovery,” he said. “We’ve kind of beenthe buffer as we’ve moved through thateconomic recovery.“As we turn that economic corner,

cities and counties will be able to domore than just have us as a buffer but beable to use that money for planning theirfuture.”Including planning road repairs.

OIL INDUSTRY, from 1

Photo courtesy of Weld County

2010 2011Percentchange

Ault $6,457 $20,266 up 68.1%

Dacono $17,405 $43,684 up 60.2%

Eaton $22,184 $53,266 up 58.4%

Evans $132,364 $315,895 up 58.1%

Firestone $30,008 $80,240 up 62.6%

Frederick $30,169 $78,319 up 61.5%

Greeley $450,762 $1,089,878 up 58.6%

LaSalle $14,855 $39,087 up 62%

Severance $11,518 $29,949 up 61.5%

Windsor $57,022 $132,848 up 57.1%

Severance tax distributionsSeverance tax direct distributions to local governmentsin Weld County jumped in fiscal year 2011 over theprevious year. Here are some examples:

SOURCE: COLORADO DEPARTMENT OF LOCAL AFFAIRS

The president of Stoner Cos., a FortCollins-based real estate and develop-ment company, Stoner said he hasformed a partnership with Arvada-basedgeneral contractor Milender WhiteConstruction Co.In a letter signed by Stoner and

addressed to “friends and business com-munity members” in his company’s mar-keting materials, Stoner writes that hehas received a funding commitment.However, in an interview, Stoner said hewas in talks with as many as four poten-tial funding partners, but hadn’t “settledinto a relationship with any oneinvestor.”Stoner first pitched the project in the

early months of 2008 as a 300-acredevelopment at the southwest quadrantof Interstate 25 and Harmony Road. Atthe time, it was celebrated by some whosaw it as a brilliant mixed-use plan andscorned by others who saw the project asa threat to open-space preservation.The City of Fort Collins agreed to

purchase 128 acres of the Riverwalkproperty from Stoner for $5.8 million inAugust 2009, but issues with the reser-voir on the property led to cancellationof the deal in December 2009.The city again agreed to purchase the

property in February 2010 for $4.425million with plans to expand an existinggravel pit into a 1,500-acre-foot waterstorage facility and open space area. Thatdeal fell through in June 2010, at whichtime Fort Collins City Manager DarinAtteberry told the Business Report thatthe contract had expired.The land remains in his possession,

Stoner said, and would be used for NineBridges.By the end of last year, the crumbling

of the real estate market finally got toStoner, who faced lawsuits related todebts owed to banks, includingLoveland-based Advantage Bank, andsubcontractors. A former business part-ner, Bradley J. Florin, even alleged fraud.The suits brought by Advantage Bank

and Florin have been settled, accordingto Stoner, and the Larimer CountyDistrict Attorney’s office in April deter-mined there was insufficient evidence toprosecute.Stoner’s debt with Advantage has

been substantially paid down, he said,and the rest of the balance is due to bepaid down by the end of the year.“I’m doing the best I can to make

good on my debts but the economy isout of my control,” Stoner said. “I havemade a lot of progress and with theimproving economy and the develop-ment of Nine Bridges, I hope to meet mygoal of taking care of everyone I owe.”Nine Bridges revolves around what

Stoner calls the “20-minute lifestyle,” inwhich everything a person might need iswithin a short walk from his or herhome. The development would includeboth residential and commercial spaceso residents of the area could live, workand play all in one area.The development would consist of

two locations, Nine Bridges West, nowenvisioned as 273 acres, and NineBridges East, both of which would betransit-oriented developments. NineBridge East would include 640 acres eastof I-25 on Harmony Road in Windsor.Stoner described the West develop-

ment as the more urban of the two, whilethe East development would provide arural environment.Both developments are meant to have

space for all types of housing, retail andoffice space. The development wouldconnect not only to each other, but alsoto the heart of Windsor, the Fort Collins-Loveland Airport and Transfort by a pri-vate bus.Steve Kawulok, managing director of

commercial real estate brokerage SperryVan Ness, said the project has the poten-tial of creating an I-25 gateway for FortCollins similar to the Centerra develop-ment in Loveland.“It makes sense to have a linkage from

I-25 to downtown,” Kawulok said.“People do want to live close to the inter-state and have access to mixed-useamenities.”Calling the project “visionary,”

Kawulok noted that financing would bea huge obstacle due to uneasiness on thepart of financiers to become involvedwith anything speculative. Financing willlikely have to come in the form of private

equity, he said.The real estate market in Fort Collins

is firming up, Kawulok said, a sign that adevelopment on the scale of NineBridges could be realistic. Occupancyrates have been rising in Fort Collins forthe last seven quarters, according toKawulok.Pat Brady, president of FirstBank

Northern Colorado, also sounded anoptimistic note.“It would take the exact right circum-

stances to bring (Nine Bridges) tofruition, but it’s certainly not impossi-ble,” he said.If the timeline in Stoner’s marketing

materials is correct, a grand openingcould come as soon as the fall of 2013.

Dec. 2-15, 2011 | www.businessreportdaily.com Northern Colorado Business Report | 25

HARMONY

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970-493-24555001 South College – Fort Collins

[email protected] • PDMSecure.com

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NINE BRIDGES, from 1

STONER

Among them, he:� Helped to found the Fort Collins chapter of the YMCA.� Donated more than $500,000 to local nonprofits including the United Way,

Fort Collins Symphony, Crossroads Safehouse, Habitat for Humanity andmany more.

� Donated more than 1,000 acres of permanent open space to Fort Collins andThe Legacy Land Trust of Larimer County.

� Served as president of local Kiwanis Club.� Won the “Best of Show” award in the 2009 Northern Colorado Parade of

Homes.� Was awarded “Greenest Home in Colorado” by Built Green Magazine in 2008.

Real estate developer Jay Stoner’s history includes some low points but many accomplishments, too.

The largest chunk of income expectedin 2012 will come from foundationgrants totaling $256,000. Grants roughlyin the same amount are expected to helpsupport Beet Street through at least 2014,according to the business plan.As the incubator ages, classes are

expected take on more of the financialweight, bringing in only $5,400 in 2012,but growing to $153,400 in income by2014, according the projections in the plan.Those revenue projections are based

on assumptions that enrollment willgrow from 25 students in 2012 to 1,508by 2014. More than 900 of those wouldbe online students.As the incubator grows, Beet Street’s

staff of three could grow by an additionalfive people including a fundraising person.Beth Flowers, the interim executive

director of Beet Street, said the effort andexpense is aimed at serving the 6,500artists who call Fort Collins home.The incubator will open next year, pos-

sibly as soon as mid-year, in the CarnegieLibrary Building at 200 Mathews St. Thebuilding used to house the Fort CollinsMuseum and Discovery Science Center.The incubator will target more than

area artists. Its aim is to provide a sort ofcollaboration and education center for 10states in the Rocky Mountain region:Wyoming, Idaho,Montana,Utah,Nevada,

New Mexico, Nebraska and North andSouth Dakota, as well as Colorado.In addition to a gallery for artists to

display their work and a black-box the-ater, the incubator will include classroomand meeting space where artists can bothlearn and practice the business of run-ning an arts business or organization.To fund the project, Beet Street will

make use of a $100,000 NationalEndowment for the Arts grant it receivedearlier this year, as well as funding fromdonors that will be matched by the FortCollins Downtown DevelopmentAuthority up to $250,000.Fundraising at the moment is very

close to meeting the $250,000 goal,according to Flowers.The project also has the backing of

the City of Fort Collins, which owns the

Carnegie Building and will continue tomaintain it, and Colorado StateUniversity, which will work with theincubator to provide the arts communi-ty with access to degree programs in artsleadership and administration and con-tinuing education programs, as well asinternship opportunities for students.Beet Street was created in 2007 under

the umbrella of theDDA,butwill no longerreceive its support beginning next year,because of funding constraints at the DDA.The first big job of the incubator will

be in launching a website. It hopes to dothat by the second quarter of 2012. Thesite will provide access to onlineresources and streaming classes andworkshops, as well as allow artists to chatwith other artist, coaches and teachers.Just over $154,000 will be invested in the

website in 2012, according to the busi-ness plan.A variety of networking options will

launch around the same time as the web-site, providing a solution to what Flowerssaid is one of the biggest impediments toartists in the Rocky Mountain area: over-coming isolation. In-person and onlineprograms will be offered to artists to helpcommunicate and offer feedback.Other core incubator programs,

including workshops and classes, coach-ing and mentoring, regional outreachand a CSU internship program, willlaunch in later 2012 and 2013.The internship program offered in

conjunction with CSU will includeoptions for an undergraduate minor anda master’s program in arts leadershipand administration, according to ToddQueen, chair of the department ofmusic, theater and dance at CSU.The particulars of the curriculum are

still being worked out, Queen said, butstudents involved in the program will getreal-world experience and hands-ontraining in the business of the arts.Current arts curriculum at CSU does notinclude classes on arts administration.“In the past, we’ve always thought that

in the arts world, you could just be an artistand that was good enough,” Queen said.“But theworld is changing, and artists needto be equipped with business skills as well.”The state government has taken

notice of the economic relevance of thearts, moving what is now the CreativeIndustries Division into the Office ofEconomic Development in July 2010.Creative Industries Director Elaine

Morrow said the arts are a key industryin Colorado, ranking in the top five inemployment.An advisory panel on the creative

economy found that the creative sector isresponsible for 186,000 jobs statewide.Flowers was promoted to interim

executive director of Beet Street in July,after former executive director RyanKeiffer left the organization. Previously,Flowers served as Beet Street’s seniorproducer/project director.Blue Hovatter, Beet Street board

chairman, told the Business Report inJuly that the decision on who shouldlead the organization next would waituntil after the incubator program wasmore fleshed out.Increasing the success of artists in

Fort Collins could have a profoundimpact on the local economy, which hasalready experienced the benefits of theartistic community.A 2007 report by Americans for the

Arts found that the arts had a $15.9 mil-lion impact on Fort Collins’ economy, upfrom $9.6 million in 2003.

26 | Northern Colorado Business Report www.ncbr.com | Dec. 2-15, 2011

Want to purchaseminerals and otheroil/gas interests.

Send details to:P.O. Box 13557,Denver, CO 80201 P h o n e 3 0 7 - 6 3 0 - 8 1 1 5

E m a i l : j w y a t m @ m s n . c o m

Business OwnersOwn your own New ATMmachine or we will placeNew ATM. Need 110 outletand local phone line andyou are ready to go.

P h o n e 3 0 7 - 6 3 0 - 8 1 1 5E m a i l : j w y a t m @ m s n . c o m

Business Owners4 Drawer File Letter ________$30Rolling Office Chairs ______$35Metal Desk ______________$45Wood Desk ______________$75Metal Bookcases __________$25

www.natfurnrental.com970-818-1456

www.absoluteshreddingllc.com

Is your Company Secure?

— pieceof mind

On-site curbside documentdestruction

Locally Owned and Operated

BEET, from 1

Courtesy Beet Street

GENEROUS CONTRIBUTION — The Carnegie Library Building, formerly occupied by the Fort CollinsMuseum and Discovery Science Center, will be repurposed to house the new Arts Incubator of the Rockiesbeginning next summer or so.

Streetmosphere

Beet Street’s signature cultural program will continue to be run by Beet Street, tak-ing place throughout Fort Collins every summer. Streetmosphere provides local tal-ent, including musicians, dancers, poets and others, the opportunity to perform forpassersby.

Culture Cafes

These hour-long programs are meant to educate attendees on a variety of topics, fromart to science. Culture Cafes will not be held for the remainder of 2011, but will relaunchin 2012 under the umbrella of the Fort Collins Discovery Science Center. The DSC willopen in its brand-new location at the corner of Mason and Cherry Streets in FortCollins in the new year. More details will be available upon the museum’s reopening.

Creative Garden

A part of the Bohemian Foundation’s annual Bohemian Nights at NewWestFest, theCreative Garden transforms the parking lot at Remington and Oak Streets in FortCollins into an artist’s oasis, complete with musical entertainment, an art show andrefreshments. The garden has been a part of NewWestFest for two years, and its fateis currently unknown, according to Beet Street officials.

New beat at Beet StreetSome changes are coming to Beet Street’s programming:

What will it take for the BeetStreet initiative to succeed?

“They’ll need a great visionto move forward and collab-oration from arts groups,artists, and input from thecommunity as a whole.”

“A lot of interested partici-pants. It’s going to beimportant to have the localcommunity embrace theproject.”

Anne Bossert, local visual artist

“Students who are willing tolook at the curriculum. Thevalue is in the curriculumand people need to see thatvalue and agree to partici-pate.”

Bruce Freestone,incoming chairperson of Beet Street board ofdirectors and co-founder of OpenStage Theatre

Ellen Martin, visual arts administrator for theLincoln Center and Arts in Public Places

Dec. 2-15, 2011 | www.businessreportdaily.com Northern Colorado Business Report | 27

BANKRUPTCIESLarimer County

Chapter 7

PETER L KEIRE, 801 LONGVIES AVE, BERTHOUD;CASE #2011-36192, 11/8/11.SHANNON P HARVEY, 172 HILLCREST DRIVE,FORT COLLINS; CASE #2011-36252, 11/9/11.BRIAN LAWRENCE LINDSEY, 6938 SEDGWICKDRIVE, FORT COLLINS; CASE #2011-36338, 11/9/11.JOHN LAVALLE BRAWNER, 1808 RIVER VIEWDRIVE, BERTHOUD; CASE #2011-36461, 11/10/11.DENNIS ALLEN VANDERSLICE, 1730 PECANSTREET, FORT COLLINS; CASE #2011-36481, 11/10/11.MARY LINN EDWARDS, 1332 VINSON ST, FORTCOLLINS; CASE #2011-36521, 11/11/11.STUART J BORNSTEIN, 3330 SARATOGA STREETUNIT B, WELLINGTON; CASE #2011-36634, 11/14/11.TAI MELLISSA HINOJOSA, 379 EAST 40TH ST,LOVELAND; CASE #2011-36809, 11/16/11.VERONICA CETAN WILSON, 2526 GILPIN CT,LOVELAND; CASE #2011-36935, 11/16/11.

Chapter 13

ELIGH D FORMANEK, 1112 GARD PL UNIT A,LOVELAND; CASE #2011-36731, 11/17/11.

Weld CountyChapter 7

MARILYN R GUTIERREZ, 1407 N 25TH AVENUE,GREELEY; CASE #2011-36250, 11/8/11.WILLIAM ALAN ROSS, 1110 VILLAGE DRIVE, FORTLUPTON; CASE #2011-36328, 11/9/11.JENNIFER L CARLOCK, 2318 54TH AVENUE,GREELEY; CASE #2011-36356, 11/9/11.JONATHAN THOMAS NORMAN, 1187 CARDINALCIR, BRIGHTON; CASE #2011-36413, 11/10/11.CASEY LYNN BODKIN, 18397 WCR 33, LA SALLE;CASE #2011-36462, 11/10/11.MARC SHANE BEAN, 905 SCOTCH PINE DRIVE,WINDSOR; CASE #2011-36604, 11/13/11.WAYLON J COSNER, 1323 CORA AVE, MILLIKEN;CASE #2011-36733, 11/15/11.MARC ANTHONY WARD, 720 CARBONDALE DRAPT C, DACONO; CASE #2011-36785, 11/15/11.ELIZABETH LOUISE TUSSEY, 3251 W 2ND ST,GREELEY; CASE #2011-36824, 11/15/11.MARIA R SALAZAR, 260 N 15TH AVE, BRIGHTON;CASE #2011-36863, 11/16/11.KENNETH ROBERT ALLEN, 15081 CLINTON ST,BRIGHTON; CASE #2011-36945, 11/17/11.DAVID W BERLIER, PO BOX 802, PLATTEVILLE;CASE #2011-36978, 11/17/11.

Chapter 13

SPRINO DAVID HERNANDEZ, 29 N PARISH AVE,JOHNSTOWN; CASE #2011-36677, 11/14/11.

FORECLOSURESLarimer County

BORROWER: MICHAEL MANZO, 3320 CORTEALMADEN, FORT COLLINS, 80524-1701. LENDER: USBANK. AMOUNT DUE: $420799. CASE #2006-92684. Date: 11/1/11.BORROWER: TED M GUALTIER, 6765 PUMPKINRIDGE DR, WINDSOR, 80550-7017. LENDER: WELLSFARGO BANK. AMOUNT DUE: $413975. CASE#2007-31961. Date: 11/8/11.BORROWER: WOODROW SAUNDERS, 5131 SNEADCT, FORT COLLINS, 80528-9197. LENDER: WELLSFARGO BANK. AMOUNT DUE: $396417. CASE#2008-19825. Date: 11/8/11.BORROWER: J MITCHELL & TIA L OBLENDER,3512 LIMESTONE CT, FORT COLLINS, 80525-6194.LENDER: BANK NEW YORK MELLON. AMOUNT DUE:$298878. CASE #2006-93417. Date: 10/27/11.BORROWER: CRAIG LEE & SHAUNA JOYCEEDWARD DUELL, 496 VALLEY RD, ESTES PARK,80517-9141. LENDER: WELLS FARGO BANK.AMOUNT DUE: $285088. CASE #2004-104277.Date: 10/27/11.BORROWER: ALFONZO JR & ERLINDA PEREZ, 720S OVERLAND TRL, FORT COLLINS, 80521-3006.LENDER: BANK AMERICA. AMOUNT DUE: $259852.CASE #2006-57882. Date: 11/3/11.BORROWER: CHRISTOPHER A & JAMIE L BROWN,4300 FERNBROOK DR, LOVELAND, 80538-9412.LENDER: JPMORGAN CHASE BANK. AMOUNT DUE:$242704. CASE #2005-56746. Date: 10/28/11.BORROWER: DENISE M OBRIEN, 212 PETERSONST, FORT COLLINS, 80524-2920. LENDER: WELLSFARGO BANK. AMOUNT DUE: $233463. CASE #.Date: 11/3/11.BORROWER: JOSEPH & RUTH JINSELLI, 2086VANCORUM CIR, LOVELAND, 80538-6619. LENDER:20102 SFR VENTURE LLC. AMOUNT DUE: $232969.CASE #2009-13307. Date: 11/2/11.BORROWER: GUADALUPE & JOSE RODRIGUEZ,3040 STONEY RIDGE RD, LAPORTE, 80535-3010.LENDER: BANK NEW YORK MELLON. AMOUNT DUE:$223777. CASE #2005-52709. Date: 10/27/11.BORROWER: JAMES W PEGGY J FRAMPTONREVOC, 300 FAR VIEW DR UNIT 9, ESTES PARK,80517-9085. LENDER: WELLS FARGO BK. AMOUNTDUE: $222416. CASE #2007-16319. Date: 10/27/11.BORROWER: JUNE ALBERTA & LAVINA ISCHMIDT, 3452 MADISON AVE, LOVELAND, 80538-2821. LENDER: AURORA BANK FSB. AMOUNT DUE:

$217121. CASE #2006-26843. Date: 11/1/11.BORROWER: CHRISTOPHER J ZIETKIEWICZ, 234KIOWA RD, LYONS, 80540-8203. LENDER: CITI-MORTGAGE INC. AMOUNT DUE: $212827. CASE#2004-12935. Date: 10/28/11.BORROWER: ROBERT A MORGAN, 2856 ARBEELN, FORT COLLINS, 80525-9638. LENDER: GMACMORTGAGE LLC. AMOUNT DUE: $211530. CASE#2004-97595. Date: 11/8/11.BORROWER: VANESSA L FLEMING, 385 CHOLLADR, LOVELAND, 80537-6963. LENDER: BANK AMER-ICA. AMOUNT DUE: $207180. CASE #2007-44449.Date: 11/3/11.BORROWER: CYNTHIA F TORP, 2136 STONEGATEDR, FORT COLLINS, 80525-3592. LENDER: AURORABANK FSB. AMOUNT DUE: $204954. CASE #2006-59814. Date: 10/26/11.BORROWER: CARL & MARY BETTS, 4150 JONI LN,LOVELAND, 80537-7449. LENDER: HSBC BANK USA.AMOUNT DUE: $201377. CASE #2005-90706. Date:10/27/11.BORROWER: VALENTINO R & ROBYN Y VASQUEZ,2390 W 45TH ST, LOVELAND, 80538-1468. LENDER:COLORADO HOUSING FINANCE AUTHO. AMOUNTDUE: $200584. CASE #2007-55824. Date: 10/27/11.BORROWER: KRISTOPHER CROWE, 20246 CATTLEDR, WELLINGTON, 80549. LENDER: WELLS FARGOBANK. AMOUNT DUE: $195342. CASE #2005-25846. Date: 11/8/11.BORROWER: MARK D & CHERYL A SIMON, 1216ALFORD ST, FORT COLLINS, 80524-4004. LENDER:SASCO MTG LOAN TRUST 2005 WF4. AMOUNTDUE: $193689. CASE #2005-68745. Date: 11/1/11.BORROWER: CRAIG SCHINDLER ZIM & TONISCHINDLER ZIMMERMAN, 3421 FIREWATER LN,WELLINGTON, 80549-3008. LENDER: AURORABANK FSB. AMOUNT DUE: $189589. CASE #2005-49770. Date: 10/27/11.BORROWER: ROBERT K GABRIELSON, 1404 GLO-RIA CT, LOVELAND, 80537-6931. LENDER: WELLSFARGO BANK. AMOUNT DUE: $187251. CASE#2005-29313. Date: 10/27/11.BORROWER: DAVID & ANGELA A STEVENS, 803MADRONE DR, LOVELAND, 80538-4032. LENDER:GMAC MORTGAGE LLC. AMOUNT DUE: $186886.CASE #2007-75190. Date: 11/1/11.BORROWER: CRAIG SCHINDLER & TONISCHINDLER ZIMMERMAN, 3336 FIREWATER LN,WELLINGTON, 80549-3011. LENDER: AURORA BANKFSB. AMOUNT DUE: $186066. CASE #2006-22218.Date: 11/8/11.BORROWER: SUZANNE MAKI, 514 GRANDESTATES DR UNIT A4, ESTES PARK, 80517-8942.LENDER: JPMORGAN CHASE BANK. AMOUNT DUE:$184895. CASE #2010-21226. Date: 10/28/11.BORROWER: FRANCES C SEAWORTH, 12905PALOMINO PL, WELLINGTON, 80549-1949. LENDER:CITIMORTGAGE INC. AMOUNT DUE: $183466. CASE#2003-4663. Date: 10/28/11.BORROWER: JAMES JR ROARK, 1147 E 3RD ST,LOVELAND, 80537-5811. LENDER: HSBC BANK USA.AMOUNT DUE: $182407. CASE #2006-77139. Date:10/26/11.BORROWER: JOHN C & MONICA J WEAVER, 1717CONCORD DR, FORT COLLINS, 80526-1672.LENDER: WELLS FARGO BANK. AMOUNT DUE:$181756. CASE #2004-98504. Date: 11/3/11.BORROWER: CHRISTOPHER F & RUTH M GREEN,1513 W LAKE ST, FORT COLLINS, 80521-4422.LENDER: WELLS FARGO BANK. AMOUNT DUE:$178400. CASE #2005-26021. Date: 10/27/11.BORROWER: MARCUS COLLINS, 3843 KENWOODCIR, JOHNSTOWN, 80534-2858. LENDER: WELLSFARGO BANK. AMOUNT DUE: $177294. CASE#2010-18126. Date: 11/1/11.BORROWER: WAYNE C MURPHY, 3732 CELTIC LN,FORT COLLINS, 80524-6477. LENDER: WELLSFARGO BANK. AMOUNT DUE: $171925. CASE #2001-99954. Date: 10/27/11.BORROWER: GREGORY MOUNT, 3412 KILLARNEYCT, LAPORTE, 80535-9337. LENDER: WELLS FARGOBANK. AMOUNT DUE: $170053. CASE #2009-85435. Date: 10/27/11.BORROWER: LESLIE ANN THOMAS, 4124 BEAVERCREEK DR, FORT COLLINS, 80526-3558. LENDER:BANK NEW YORK MELLON. AMOUNT DUE: $169841.CASE #2005-71252. Date: 11/3/11.BORROWER: KARLINA A WHITE, 1156 E 4TH ST,LOVELAND, 80537-5816. LENDER: QUANTUM SERV-ICING CORP. AMOUNT DUE: $168351. CASE #2007-50417. Date: 11/1/11.BORROWER: TANIA L ADAMS, 5120 STETSONCREEK CT UNIT C, FORT COLLINS, 80528-3005.LENDER: US BANK. AMOUNT DUE: $167672. CASE#2004-50624. Date: 11/1/11.BORROWER: JOANNE & RONALD S SLOAN, 4946FILBERT DR, LOVELAND, 80538-1700. LENDER:BANK AMERICA. AMOUNT DUE: $166409. CASE#2007-28913. Date: 11/1/11.BORROWER: DAVID HENRY & MARY TANISPLYTER, 2011 CHAMA AVE, LOVELAND, 80538-3618.LENDER: BANK AMERICA. AMOUNT DUE: $165670.CASE #2003-106300. Date: 11/3/11.BORROWER: JONATHAN SCHWARTZ, 1026 CUN-NINGHAM DR # J 2, FORT COLLINS, 80526-5999.LENDER: BANK NEW YORK MELLON. AMOUNT DUE:$164128. CASE #2005-7938. Date: 11/8/11.BORROWER: MARK J LUNDQUIST, 1007 20TH STSW, LOVELAND, 80537-7000. LENDER: US BANK NAND. AMOUNT DUE: $163504. CASE #2006-25006.Date: 11/8/11.BORROWER: ALAN K & KIMBERLY J JOHNSON,915 BAYBERRY DR, LOVELAND, 80538-2146.LENDER: COLORADO HOUSING FINANCE AUTHO.AMOUNT DUE: $161650. CASE #2009-56362. Date:11/1/11.

BORROWER: DENNIS D GRIFFING, 1209 CONSTI-TUTION AVE, FORT COLLINS, 80521-4413. LENDER:BANK AMERICA. AMOUNT DUE: $161310. CASE#2008-7320. Date: 10/26/11.BORROWER: CAROLYN S BALDASSARE, 2471CINNABAR CT, LOVELAND, 80537-2019. LENDER:BANK AMERICA. AMOUNT DUE: $156601. CASE#2010-35597. Date: 10/27/11.BORROWER: ERIC W FISHER, 3944 CELTIC LN,FORT COLLINS, 80524-6482. LENDER: WELLSFARGO BANK. AMOUNT DUE: $153851. CASE#2006-68678. Date: 10/28/11.BORROWER: THOMAS R & VIRGINIA E BLAIR, 744BUNYAN CT, BERTHOUD, 80513-1126. LENDER:JPMORGAN CHASE BANK. AMOUNT DUE: $151663.CASE #2002-39173. Date: 11/3/11.BORROWER: MARC E & MELISSA K VOIT, 2913SOMBRERO LN, FORT COLLINS, 80525-2461.LENDER: JPMC SPECIALTY MORTGAGE LLC.AMOUNT DUE: $151007. CASE #2004-11025. Date:11/3/11.BORROWER: TAYLOR J COBB, 3928 WINDOM ST,FORT COLLINS, 80526-5308. LENDER: BANK NEWYORK MELLON. AMOUNT DUE: $143190. CASE#2007-9069. Date: 10/26/11.BORROWER: ALLAN L & PATRICIA M TAYLOR, 107E 12TH ST, LOVELAND, 80537-4709. LENDER: CITI-MORTGAGE INC. AMOUNT DUE: $141792. CASE#2004-121759. Date: 10/27/11.BORROWER: TERRY W & CANDACE M EDWARDS,3005 6TH ST SW, LOVELAND, 80537-6058.LENDER: HSBC BANK USA. AMOUNT DUE: $131237.CASE #. Date: 11/3/11.BORROWER: KENNETH S WHITE, 2456 STOVER ST,FORT COLLINS, 80525-1896. LENDER: BANK AMER-ICA. AMOUNT DUE: $128151. CASE #2007-53981.Date: 11/3/11.BORROWER: CHANTAL MARIE EVANSOBRIEN,4009 GARFIELD AVE, WELLINGTON, 80549.LENDER: RASC 2005 EMX3. AMOUNT DUE: $126121.CASE #2005-55420. Date: 11/1/11.BORROWER: JOHN J & TYLER BENNETT, 411 WMYRTLE ST, FORT COLLINS, 80521-2840. LENDER:JPMORGAN CHASE BANK. AMOUNT DUE: $124690.CASE #2005-23046. Date: 11/1/11.BORROWER: TRACY E SCHROEDER, 1121 E 2ND ST,LOVELAND, 80537-5803. LENDER: BANK NEWYORK MELLON. AMOUNT DUE: $120105. CASE#2005-32161. Date: 11/8/11.BORROWER: WILLIAM LINK, 3842 GREEN MOUN-TAIN DR, LIVERMORE, 80536-8757. LENDER:WELLS FARGO BANK. AMOUNT DUE: $114447. CASE#2009-35925. Date: 10/27/11.BORROWER: JACK C JR & CHRISTINE G BAUER,4175 HAYES CIR, WELLINGTON, 80549. LENDER:BANK AMERICA. AMOUNT DUE: $113705. CASE#2007-67946. Date: 11/3/11.BORROWER: D STEPHEN WATHEN, 5225 WHITEWILLOW DR APT F210, FORT COLLINS, 80528-5006. LENDER: WILMINGTON TRUST CO. AMOUNTDUE: $103650. CASE #2002-99037. Date: 11/3/11.BORROWER: CHARLES ALLAN & GLORIA JEANLITTRELL, 4514 SUNSHINE CIR, LOVELAND, 80538-1955. LENDER: US BANK. AMOUNT DUE: $97073.CASE #2008-20670. Date: 10/28/11.BORROWER: RICHARD F & KIRA D CARROLL, 45ASPEN CT, RED FEATHER LAKES, 80545. LENDER:KEYBANK. AMOUNT DUE: $95943. CASE #2006-49158. Date: 11/1/11.BORROWER: JERRY E & DONNA Y OXFORD, 600LUPINE DR, FORT COLLINS, 80524-2348. LENDER:CITIMORTGAGE INC. AMOUNT DUE: $92903. CASE#2004-48259. Date: 10/26/11.BORROWER: RICHARD & NANCY A KOPCHO, 1617CLEVELAND AVE, LOVELAND, 80538-3837.LENDER: WELLS FARGO BANK. AMOUNT DUE:$92015. CASE #2003-13557. Date: 10/28/11.BORROWER: THOMAS A JR GLEASON, 1506CEDARWOOD DR, FORT COLLINS, 80521-4002.LENDER: US BANK. AMOUNT DUE: $75923. CASE#2003-119424. Date: 11/8/11.BORROWER: MONIE W NEEL, 3400 STANFORD RDUNIT A119, FORT COLLINS, 80525-2780. LENDER:WELLS FARGO BANK. AMOUNT DUE: $36998. CASE#2008-17931. Date: 10/27/11.

Weld County

BORROWER: FORT LUPTON NORTH PROPERTIESL, VL, , . LENDER: COLO COMMUNITY BK. AMOUNTDUE: $1954900. CASE #2007-3457614. Date:11/2/11.BORROWER: DANIEL L BUXMAN, 6407 ASHCROFTRD, GREELEY, 80634-9599. LENDER: WELLS FARGOBK. AMOUNT DUE: $656185. CASE #2007-3475800.Date: 11/2/11.BORROWER: GARY M & JUDY L HARKLESS, 33439COUNTY ROAD 37, EATON, 80615-8804. LENDER:BK AM. AMOUNT DUE: $440000. CASE #2006-3416036. Date: 11/3/11.BORROWER: GREGORY D & IVY D POWELL, 3067MEADOWBROOK PL, DACONO, 80514-8517. LENDER:BK NEW YORK MELLON. AMOUNT DUE: $295779.CASE #2005-3336788. Date: 11/9/11.BORROWER: LOURDES NUNEZ, 5632 W 32ND ST,GREELEY, 80634-8524. LENDER: LONG BEACH MTGLOAN TRUST 2006. AMOUNT DUE: $267205. CASE#2006-3368400. Date: 11/10/11.BORROWER: JAMES B SWART, 7248 PRAIRIE CIR,FREDERICK, 80504-5766. LENDER: WELLS FARGOBK. AMOUNT DUE: $264752. CASE #2009-3634303. Date: 11/8/11.BORROWER: MIRNA I MUNIZ, 13500 COUNTYROAD 6, FORT LUPTON, 80621-8329. LENDER: USBK. AMOUNT DUE: $221640. CASE #2006-3424767.Date: 11/9/11.

BORROWER: LEROY D & WILMA L WILLIAMS,38499 WCR 45, EATON, 80615-9111. LENDER:CITIBANK. AMOUNT DUE: $217289. CASE #2005-3328469. Date: 11/3/11.BORROWER: MICHAEL K & SHIRLEY A GEISS,5733 SKYLINE AVE, FREDERICK, 80504-5830.LENDER: JP MORGAN CHASE BK. AMOUNT DUE:$216273. CASE #2006-3439527. Date: 11/10/11.BORROWER: MICHAEL C BERNARD, 512 S SAVAN-NAH CIR, MILLIKEN, 80543-9490. LENDER:JPMORGAN CHASE BK. AMOUNT DUE: $200219.CASE #2006-3438381. Date: 11/2/11.BORROWER: JOHN SEWELL, 405 HARROW LN,PLATTEVILLE, 80651-7945. LENDER: US BK.AMOUNT DUE: $194170. CASE #2006-3425249.Date: 11/3/11.BORROWER: JOHN M & MARISA J BELL, 25361WCR 53, KERSEY, 80644. LENDER: BK AM.AMOUNT DUE: $191664. CASE #1997-2583169.Date: 11/3/11.BORROWER: BARRY W TIPPETT, 2745 BLUE SKYCIR # 1 201, ERIE, 80516-4635. LENDER: WELLSFARGO BK. AMOUNT DUE: $191524. CASE #2008-3527719. Date: 11/8/11.BORROWER: MARY IRENE MEDINA, 106 REED RD,PLATTEVILLE, 80651-7544. LENDER: BK AM.AMOUNT DUE: $187880. CASE #2006-3416058.Date: 11/2/11.BORROWER: JANET VARGO & KENNETHBUCKNER, 406 SUNDANCE CIR, DACONO, 80514-9313. LENDER: DEUTSCHE BK NATL TRUST CO.AMOUNT DUE: $180927. CASE #2005-3277670.Date: 11/9/11.BORROWER: FELIX LOMELI, 34500 52ND HWY,KEENESBURG, 80643. LENDER: BK AM. AMOUNTDUE: $180536. CASE #2006-3443462. Date: 11/9/11.BORROWER: PETRA & MANUEL AGUILAR, 204HAWTHORN ST, FREDERICK, 80530-6020. LENDER:WELLS FARGO BK. AMOUNT DUE: $179936. CASE#2004-3242712. Date: 11/9/11.BORROWER: MARC E WEST, 875 EMERALD DR,WINDSOR, 80550-5552. LENDER: MIDFIRST BK.AMOUNT DUE: $167285. CASE #2002-2936911.Date: 11/2/11.BORROWER: JAMES W & DEANNA GRAHAM, 341 EMOUNTAIN ASH ST, MILLIKEN, 80543-9161.LENDER: JP MORGAN CHASE BK. AMOUNT DUE:$166962. CASE #2010-3675980. Date: 11/8/11.BORROWER: BRANDI LYNN SMITH, 3407 COLLINSAVE, EVANS, 80620-2446. LENDER: BK AM.AMOUNT DUE: $165746. CASE #2007-3489780.Date: 11/3/11.BORROWER: STEVEN L & KIRI J QUINTANA, 5114W 16TH ST, GREELEY, 80634-3008. LENDER: GMACMTG LLC. AMOUNT DUE: $158044. CASE #2009-3619825. Date: 11/8/11.BORROWER: MICHEAL W & BROOKE R MORELOCK,879 WILLOW DR, LOCHBUIE, 80603-7743. LENDER:BK NEW YORK MELLON. AMOUNT DUE: $157600.CASE #2006-3432870. Date: 11/2/11.BORROWER: WILLIAM GRIEGO, 2813 MONTEREYBAY, EVANS, 80620-3640. LENDER: COLO HOUSINGFIN AUTHORITY. AMOUNT DUE: $155558. CASE#2007-3508437. Date: 11/9/11.BORROWER: MATTHEW E & DIANE M BOOCO, 5219W 16TH ST, GREELEY, 80634-3010. LENDER:JPMORGAN CHASE BK. AMOUNT DUE: $155482.CASE #2005-3297842. Date: 11/2/11.BORROWER: TRACEY S SMITH, 1031 WAGONTRAIN DR, MILLIKEN, 80543-3008. LENDER: BACHOME LOANS SERVICING LP. AMOUNT DUE:$153404. CASE #2008-3572414. Date: 11/8/11.BORROWER: LEBETH BERNAL, 1059 GLEN DALECIR, DACONO, 80514-9645. LENDER: US BK.AMOUNT DUE: $151459. CASE #2005-3349521.Date: 11/10/11.BORROWER: JAMES A TYNDALL, 865 DURUM ST,WINDSOR, 80550-6018. LENDER: US BK. AMOUNTDUE: $151032. CASE #2006-3425144. Date: 11/9/11.BORROWER: JOHN H & KATHERINE K COLVIN,2701 W 6TH ST, GREELEY, 80634-2610. LENDER: JPMORGAN CHASE BK. AMOUNT DUE: $143146. CASE#2009-3619994. Date: 11/10/11.BORROWER: DOUGLAS J & BETH L EDELFELT,505 1ST ST, FIRESTONE, 80520. LENDER: PHH MTGCORP. AMOUNT DUE: $141076. CASE #. Date:11/10/11.BORROWER: PATRICIA D MONDRAGON, 3232OCONNOR AVE, EVANS, 80620-3420. LENDER: FEDNATL MTG ASSOC. AMOUNT DUE: $137282. CASE#2005-3338301. Date: 11/8/11.BORROWER: MARY LAPPIN, 407 STEVENS CIR,PLATTEVILLE, 80651-7900. LENDER: BK AM.AMOUNT DUE: $124990. CASE #2007-3485597.Date: 11/2/11.BORROWER: MARTIN & RAMONA MERCADO, 40630TH AVENUE CT, GREELEY, 80634-5535. LENDER:HSBC BK USA. AMOUNT DUE: $121042. CASE#2006-3424782. Date: 11/8/11.BORROWER: RONNY & MARIA ALVAREZ, 2004BIRCH AVE, GREELEY, 80631-6162. LENDER: BKNEW YORK MELLON. AMOUNT DUE: $120770. CASE#2006-3414664. Date: 11/2/11.BORROWER: ROY A DIEHL, , , . LENDER: AGRI-FIRST PROPERTIES LLC. AMOUNT DUE: $115000.CASE #2011-3794153. Date: 11/2/11.BORROWER: CINDY MARIE ARCHULETA, 3917 BEL-MONT AVE, EVANS, 80620-2427. LENDER: BK AM.AMOUNT DUE: $110009. CASE #2006-3423758.Date: 11/9/11.BORROWER: EMILY M SHIMEK, 3908 TUMBLE-WEED DR, EVANS, 80620-9111. LENDER: CITIMORT-GAGE INC. AMOUNT DUE: $105397. CASE #2001-2854129. Date: 11/7/11.BORROWER: ELIZABETH M SHIMADA, 5151 W29TH ST UNIT 1010, GREELEY, 80634-8750.

LENDER: WELLS FARGO BK. AMOUNT DUE: $101412.CASE #2006-3438152. Date: 11/3/11.BORROWER: ELAINE M & WILLIAM A WEBER,2902 W HARP CT, GREELEY, 80634-5822. LENDER:US BK. AMOUNT DUE: $93961. CASE #1998-2628002. Date: 11/9/11.BORROWER: BUY PROPERTIES LLC, 606 13THAVE, GREELEY, 80631-3248. LENDER: CHARLESPLACEK. AMOUNT DUE: $85000. CASE #2010-3679409. Date: 11/7/11.BORROWER: THOMAS ACE HOUSTON, 109 6TH ST,FORT LUPTON, 80621-2101. LENDER: JP MORGANCHASE BK. AMOUNT DUE: $76818. CASE #. Date:11/9/11.BORROWER: PATRICIA SOTO, 4605 HOT SPRINGSDR, GREELEY, 80634-9222. LENDER: 2010 2 SFRVENTURE LLC. AMOUNT DUE: $53752. CASE#2008-3559191. Date: 11/2/11.BORROWER: ROBERT A & CAROL L LLOYD, 60336TH AVENUE CT, GREELEY, 80634-1711. LENDER:BK AM. AMOUNT DUE: $40106. CASE #2002-2986149. Date: 11/7/11.BORROWER: EVE MARIE GERKIN, 405 E KIPP AVE,KEENESBURG, 80643-9065. LENDER: CITIMORT-GAGE INC. AMOUNT DUE: $27649. CASE #1987-2098387. Date: 11/2/11.

RELEASE OF JUDGMENTLarimer County

DEBTOR: DENA JOHNSON, CREDITOR: AMEXPRESS BK. AMOUNT: $7033.43. CASE #C-10C-011281. DATE: 11/3/11.SATDEBTOR: WADE A & MICHELLE D HULL, CREDI-TOR: PROFESSIONAL FIN CO INC. AMOUNT:$3413.81. CASE #C-06C202068. DATE: 10/27/11.SATDEBTOR: CAYLE CURTIS, CREDITOR: SJ CO INC.AMOUNT: $3136.25. CASE #C-11S265. DATE:10/28/11.SATDEBTOR: STEPHEN J RANDAZZO, CREDITOR:CAVALRY PORTFOLIO SERVICES LLC. AMOUNT:$1640.92. CASE #C-10C-003135. DATE: 11/7/11.SATDEBTOR: HERCILDA LOPEZ, CREDITOR: LEGALCOLLECTION CO. AMOUNT: $1464.58. CASE #C-09C-006921. DATE: 10/26/11.SATDEBTOR: KATHERINE ALLEN PC, CREDITOR:JACK & DANETTE STEELE. AMOUNT: $0.01. CASE#D-06CV529. DATE: 11/7/11.SATDEBTOR: BRIAN KEEFE, CREDITOR: FARMERSINS EXCHANGE. AMOUNT: $0. CASE #D-05CV1094.DATE: 11/2/11.SATDEBTOR: TRACIE & DON DOSS, CREDITOR: TIN-KER FED CREDIT UNION. AMOUNT: $0. CASE #D-2009CV509. DATE: 11/3/11.SATDEBTOR: MICHELLE D HULL, CREDITOR:CITIBANK SOUTH DAKOTA. AMOUNT: $0. CASE #C-05C104794. DATE: 11/3/11.SATDEBTOR: THOMAS LY, CREDITOR: FIA CARDSERVICES. AMOUNT: $16145.19. CASE #D-11CV1533.DATE: 11/1/11.DEBTOR: BARBARA RUGGLES, CREDITOR: BCSERVICES INC. AMOUNT: $0. CASE #C-08C3739.DATE: 11/1/11.

Weld County

DEBTOR: RUDY RENTERIA, CREDITOR: DENISENADINE TELLEZ. AMOUNT: $16000. CASE #D-95JV000191. DATE: 11/8/11.SATDEBTOR: SALVADOR JOSE RIVERA, CREDITOR:WELD COUNTY DEPT SOCIAL SERVIC. AMOUNT:$2889. CASE #D-99JV000400. DATE: 11/8/11.SATDEBTOR: AMY LEE MEADS, CREDITOR: BONNIE LCROSS. AMOUNT: $2475. CASE #D-05JV000836.DATE: 11/8/11.SATDEBTOR: AMY LEE MEADS, CREDITOR: BONNIE LCROSS. AMOUNT: $450. CASE #D-05JV000836.DATE: 11/8/11.SATDEBTOR: DOUG D BLOM, CREDITOR: CYPRESSFIN GROUP LLC. AMOUNT: $22334.96. CASE #D-11CV729. DATE: 11/4/11.DEBTOR: RECORD OWNER, CREDITOR: GE MONEYBK. AMOUNT: $0. CASE #. DATE: 11/3/11.DEBTOR: MAXIMIANO & MARGARET R GONZA-LES, CREDITOR: PROFESSIONAL FIN CO INC.AMOUNT: $0. CASE #. DATE: 11/7/11.DEBTOR: JOSE M & ANA M ARELLANO, CREDI-TOR: PROFESSIONAL FIN CO INC. AMOUNT: $0.CASE #. DATE: 11/10/11.DEBTOR: CINDY L DEBRINE, CREDITOR: PROFES-SIONAL FIN CO INC. AMOUNT: $0. CASE #. DATE:11/10/11.

JUDGMENTSLarimer County

DEBTOR: LOVELAND ESSENTIAL GROUP LLC,CREDITOR: GROMMON FARMS INC. AMOUNT:$1000000. CASE #C-11CV-000543. DATE: 11/3/11.DEBTOR: PMK MANAGEMENT LLC, CREDITOR:BK CHOICE. AMOUNT: $855593.21. CASE #C-10CV-002768. DATE: 11/1/11.DEBTOR: STEPHEN D & ROSE M JOHNSON,CREDITOR: MIKE NAUGHTON FORD INC. AMOUNT:$745000. CASE #C-90CV-000583. DATE: 10/28/11.DEBTOR: STEPHEN D & ROSE M JOHNSON,CREDITOR: MIKE NAUGHTON FORD INC. AMOUNT:$745000. CASE #C-90CV-000583. DATE: 10/28/11.DEBTOR: DENNIS WAGNER, CREDITOR: USA.AMOUNT: $471992.62. CASE #D-1-07-CV-00978-MSK-LMT. DATE: 11/8/11.DEBTOR: JASON RANDALL, CREDITOR: NEWSPALL LLC. AMOUNT: $353849.35. CASE #C-10CV-

001167. DATE: 11/3/11.DEBTOR: AARON MILLION, CREDITOR: US CON-TRACT DESIGN GROUP. AMOUNT: $49739.96. CASE#C-11CV-000709. DATE: 10/27/11.DEBTOR: PAUL ZAKOVICH, CREDITOR: FRANK WJR BAUMGARTNER. AMOUNT: $40494. CASE #D-10CV-003642. DATE: 10/26/11.DEBTOR: PAGE L SCHARTOW, CREDITOR: FIACARD SERVICES. AMOUNT: $20543.31. CASE #C-11CV-001652. DATE: 10/28/11.DEBTOR: DAVID L & JACQUELINE ROSS, CREDI-TOR: COLO ST REVENUE. AMOUNT: $17377.55. CASE#D-352011CV801064. DATE: 10/28/11.DEBTOR: MARILYN J HOWELL, CREDITOR: DIS-COVER BK. AMOUNT: $16899.2. CASE #C-10CV-001217. DATE: 11/4/11.DEBTOR: STEPHANIE C HOFFMAN, CREDITOR:CAPITAL ONE BK USA. AMOUNT: $16324.11. CASE#C-10CV-000130. DATE: 10/28/11.DEBTOR: VICKI L CALDWELL, CREDITOR: CAPI-TAL ONE BK USA. AMOUNT: $14967.17. CASE #C-11C-008100. DATE: 10/28/11.DEBTOR: ANTHONY R SMITH, CREDITOR: AMFAMILY MUT INS CO. AMOUNT: $14717.1. CASE #C-11C-002670. DATE: 10/31/11.DEBTOR: JACK F VAIL, CREDITOR: COLO ST REV-ENUE. AMOUNT: $13243. CASE #D-352010CV801298. DATE: 10/28/11.DEBTOR: EDWARD L HAGEMAN, CREDITOR:COLO ST REVENUE. AMOUNT: $12714.67. CASE #D-D352011CV800651. DATE: 10/28/11.DEBTOR: TODD A WRIGHT, CREDITOR: TARGETNATL BK. AMOUNT: $12615.74. CASE #C-11C-007249.DATE: 11/2/11.DEBTOR: STEPHEN MARK LEIGHTON, CREDI-TOR: EQUABLE ASCENT FIN LLC. AMOUNT:$12210.56. CASE #C-09C-002809. DATE: 11/8/11.DEBTOR: LINNERTZ ENTERPRISES INC, CREDI-TOR: YELLOW BOOK USA INC. AMOUNT: $10687.64.CASE #C-11C-008794. DATE: 10/31/11.DEBTOR: LORAE REGAN, CREDITOR: CYPRESSFIN GROUP LLC. AMOUNT: $9949.57. CASE #C-11C-008423. DATE: 10/28/11.DEBTOR: JERAMIAH LARSEN, CREDITOR: COLOST REVENUE. AMOUNT: $9851.49. CASE #D-D352011CV800637. DATE: 10/28/11.DEBTOR: PABLO T & LIDIA V RECIO, CREDITOR:COLO ST REVENUE. AMOUNT: $8142.19. CASE #D-352011CV800358. DATE: 10/28/11.DEBTOR: NORTHSTAR HOMES INC, CREDITOR:CSI ACQUISITION CO LLC. AMOUNT: $7927.3. CASE#C-09CV-000882. DATE: 10/27/11.DEBTOR: DAVID YOST, CREDITOR: GEMINI CAPI-TAL GROUP LLC. AMOUNT: $7868.25. CASE #C-11C-002957. DATE: 11/3/11.DEBTOR: PAUL ZAKOVICH, CREDITOR: FRANK WJR BAUMGARTNER. AMOUNT: $7308.57. CASE #D-10CV-003642. DATE: 10/26/11.DEBTOR: LISA SERRANO, CREDITOR: CITIBANKSOUTH DAKOTA. AMOUNT: $6340.63. CASE #C-09C-007215. DATE: 11/8/11.DEBTOR: STEPHEN A RIGGS, CREDITOR: COLOST REVENUE. AMOUNT: $6168. CASE #D-352011CV800863. DATE: 10/28/11.DEBTOR: LORN DAYTON, CREDITOR: DISCOVERBK. AMOUNT: $6157.63. CASE #C-10C-010200.DATE: 11/8/11.DEBTOR: PETER L & ANNE L KEIRE, CREDITOR:PROFESSIONAL FIN CO INC. AMOUNT: $5753.59.CASE #C-C9C-002990. DATE: 10/31/11.DEBTOR: JASON R REIFF, CREDITOR: EQUABLEASCENT FIN LLC. AMOUNT: $5134.81. CASE #C-10C-001141. DATE: 11/8/11.DEBTOR: HOWARD A BASSETT, CREDITOR: CAPI-TAL ONE BK USA. AMOUNT: $4741.03. CASE #C-11C-008095. DATE: 10/28/11.DEBTOR: SUNISA SRIPHIMMARCY, CREDITOR:AM FAMILY MUT INS CO. AMOUNT: $4475.94. CASE#C-10C-010194. DATE: 11/3/11.DEBTOR: STEPHEN A RIGGS, CREDITOR: COLOST REVENUE. AMOUNT: $3856. CASE #D-352011CV800172. DATE: 10/28/11.DEBTOR: LORI PRUETTE, CREDITOR: ARMADAHOLDINGS LLC. AMOUNT: $3721.07. CASE #C-11C-002608. DATE: 11/7/11.DEBTOR: ERIC R OLICK, CREDITOR: PALISADESCOLLECTION LLC. AMOUNT: $3625.75. CASE #C-08C-003842. DATE: 10/28/11.DEBTOR: ANTHONY E LAMIRATO, CREDITOR:LONGS PEAK CREDIT UNION. AMOUNT: $3516.73.CASE #C-10C-008331. DATE: 11/8/11.DEBTOR: BETHANEY MOESSNER, CREDITOR: GEMONEY BK. AMOUNT: $3483.05. CASE #C-10C-010032. DATE: 11/8/11.DEBTOR: MELISSA S EVANS, CREDITOR:EQUABLE ASCENT FIN LLC. AMOUNT: $2885.89.CASE #C-11C-009045. DATE: 10/28/11.DEBTOR: DANIEL A KING, CREDITOR: WAKEFIELDASSOC INC. AMOUNT: $2855.48. CASE #C-11C-002412. DATE: 10/27/11.DEBTOR: PABLO T & LIDIA V RECIO, CREDITOR:COLO ST REVENUE. AMOUNT: $2783. CASE #D-352010CV800741. DATE: 10/28/11.DEBTOR: AMY PATERSON, CREDITOR: CYPRESSFIN GROUP LLC. AMOUNT: $1610.62. CASE #C-11C-002534. DATE: 10/28/11.DEBTOR: ALICIA L FITZPATRICK, CREDITOR:CAPITAL ONE BK USA. AMOUNT: $1375.18. CASE#C-11C-002648. DATE: 10/28/11.DEBTOR: JERAMIAH LARSEN, CREDITOR: COLOST REVENUE. AMOUNT: $1003. CASE #D-D352010CV800900. DATE: 10/28/11.DEBTOR: HOLLY MALLOY, CREDITOR: MIDLANDCREDIT MANAGEMENT INC. AMOUNT: $696.05.CASE #C-11C-001973. DATE: 11/8/11.

| FOR THE RECORD |BANKRUPTCIES .................................27Applications for bankruptcy protectionare filed with the U.S. Bankruptcy Courtin Denver. Chapter 7 denotes filingsmade for liquidation. Chapter 11indicates filings for reorganization.

Chapter 13 indicates filings that enablepetitioners to pay off their creditors overthree to five years.

FORECLOSURES.................................27Includes notices of election and demandfiled by creditors alleging default on a

debt. Foreclosures are not final until aPublic Trustee’s Deed has been issued.

STATE TAX LIENS ..............................28Judgments filed against assets ofindividuals or businesses with delinquenttaxes.

JUDGMENTS......................................27Judgments constitute decisions by a courtof law against an individual orcorporation for payment of monetarydamages.

WARRANTY DEEDS............................28Transfers property while guaranteeing aclear title free of any encumbrances thatare not listed on the deed.

This information is obtained from SKLD Information Services. Send questions or corrections to [email protected].

28 | Northern Colorado Business Report www.ncbr.com | Dec. 2-15, 2011

Weld County

DEBTOR: MARY ANN HOCKER, CREDITOR: SHIGOLLC. AMOUNT: $4400000. CASE #D-10CV-004123.DATE: 11/3/11.DEBTOR: DENNIS C II & KELLY J TRUE, CREDI-TOR: GUARANTY BK TRUST CO. AMOUNT:$95281.64. CASE #C-11CV-000643. DATE: 11/3/11.DEBTOR: TRACY C NEWBERRY, CREDITOR: CAPI-TAL ONE BK USA. AMOUNT: $13148.61. CASE #C-11C-004719. DATE: 11/9/11.DEBTOR: JAMES CHRISTOPHER LANGLOIS,CREDITOR: YKS ACCEPTANCE INC. AMOUNT:$10333.64. CASE #C-11C-007497. DATE: 11/8/11.DEBTOR: LINDSAY MICHELLE KLINE, CREDITOR:YKS ACCEPTANCE INC. AMOUNT: $9979.45. CASE#C-11C-007909. DATE: 11/8/11.DEBTOR: ASHLEY DAWN HALL, CREDITOR: YKSACCEPTANCE INC. AMOUNT: $9837.61. CASE #C-11C-007920. DATE: 11/8/11.DEBTOR: DAVID M SMITH, CREDITOR: CACH LLC.AMOUNT: $9552.11. CASE #C-11C-002899. DATE:11/10/11.DEBTOR: MICHAEL JOHN & PAULADANTRASSY, CREDITOR: YKS ACCEPTANCE INC.AMOUNT: $9314.73. CASE #C-11C-007980. DATE:11/8/11.DEBTOR: SYLVIA E ROSS, CREDITOR: CAPITALONE BK USA. AMOUNT: $9256.9. CASE #C-11C-006731. DATE: 11/3/11.DEBTOR: BARBARA L SNAVELY, CREDITOR:BUREAUS INC. AMOUNT: $8888.85. CASE #C-11C-007061. DATE: 11/3/11.DEBTOR: CHRISTIAN ROBERT SANCHEZ, CREDI-TOR: YKS ACCEPTANCE INC. AMOUNT: $8693.45.CASE #C-11C-008166. DATE: 11/8/11.DEBTOR: ASHLEY HUTCHINSON, CREDITOR:HERBIES AUTO SALES. AMOUNT: $7879.01. CASE#C-08C-007353. DATE: 11/8/11.DEBTOR: SUSIE M VILLANUEVA, CREDITOR: DIS-COVER BK. AMOUNT: $7268.85. CASE #C-09C-006272. DATE: 11/9/11.DEBTOR: KENNETH W CARMICHAEL, CREDITOR:LVNV FUNDING LLC. AMOUNT: $6751.21. CASE #C-09C-009450. DATE: 11/3/11.DEBTOR: BRUCE STEDWELL, CREDITOR: DISCOV-ER BK. AMOUNT: $6185.52. CASE #C-11CV000815.DATE: 11/9/11.DEBTOR: CATHERINE F MOSCISKI, CREDITOR:CACH LLC. AMOUNT: $5882.47. CASE #C-11C-007628. DATE: 11/10/11.DEBTOR: RICHARD L KARLIN, CREDITOR: FIACARD SERVICES. AMOUNT: $5820.07. CASE #C-11C-007995. DATE: 11/9/11.DEBTOR: CATHY & CATHERINE J PEREZ, CRED-ITOR: SECURITY CREDIT SERVICES LLC. AMOUNT:$5494.78. CASE #C-11C-004055. DATE: 11/3/11.DEBTOR: SUNISA SRIPHIMMARCY, CREDITOR:AM FAMILY MUT INS CO. AMOUNT: $4475.94. CASE#C-10C-010194. DATE: 11/3/11.DEBTOR: BARBARA A SOMERVILLE, CREDITOR:ADVANTAGE ASSETS II INC. AMOUNT: $4432.21.CASE #C-11C-005261. DATE: 11/3/11.DEBTOR: GWENDOLYN BYERLY, CREDITOR: TAR-GET NATL BK. AMOUNT: $3290.5. CASE #C-11C-004185. DATE: 11/7/11.DEBTOR: SCOTT L BONACCI, CREDITOR: US BK.AMOUNT: $2915.95. CASE #ILL. DATE: 11/3/11.DEBTOR: DARLIS L WINKLEPLECK, CREDITOR:CAPITAL ONE BK USA. AMOUNT: $2869.41. CASE#C-11C-008199. DATE: 11/9/11.DEBTOR: BARBARA MASON, CREDITOR: GEMONEY BK. AMOUNT: $2584.13. CASE #C-11C-004015. DATE: 11/9/11.DEBTOR: BOBBI J & STEVEN BUSH, CREDITOR:BUDGET CONTROL SERVICES. AMOUNT: $2391.49.CASE #C-11C-006519. DATE: 11/2/11.DEBTOR: CATHERINE F MOSCISKI, CREDITOR:CACH LLC. AMOUNT: $2095.5. CASE #C-11C-007619.DATE: 11/10/11.DEBTOR: SHEILA R SMITH, CREDITOR: CAPITALONE BK USA. AMOUNT: $1948.32. CASE #C-11C-005848. DATE: 11/2/11.DEBTOR: KELLEY L GERMANSON, CREDITOR:GEMINI CAPITAL GROUP LLC. AMOUNT: $1931.75.CASE #C-11C-005581. DATE: 11/3/11.DEBTOR: RICK SANDOVAL, CREDITOR: TUSCANYHOMEOWNERS ASSOC. AMOUNT: $1808.92. CASE#C-11C-004928. DATE: 11/3/11.DEBTOR: GLORIA MELENDEZ, CREDITOR: LIBER-TY ACQUISITIONS SERVICING. AMOUNT: $1435.12.CASE #C-11C-002625. DATE: 11/2/11.DEBTOR: DIANE E & MARK BOWEN, CREDITOR:BUDGET CONTROL SERVICES. AMOUNT: $1161.06.CASE #C-11C-006023. DATE: 11/2/11.DEBTOR: MIGUEL SANDOVAL, CREDITOR: LIBER-TY ACQUISITIONS SERVICING. AMOUNT: $996.7.CASE #C-11C-004369. DATE: 11/2/11.DEBTOR: TAMI GLADDEN, CREDITOR: BUDGETCONTROL SERVICES. AMOUNT: $808.68. CASE #C-11C-006022. DATE: 11/2/11.DEBTOR: PHILLIP T MARTINEZ, CREDITOR:ALWAYS ENTERPRISES INC. AMOUNT: $5818.62.CASE #C-10C15786. DATE: 11/4/11.DEBTOR: REAL TIME RESOLUTIONS INC, CREDI-TOR: FED NATL MTG ASSOC. AMOUNT: $0. CASE#2011CV638. DATE: 11/2/11.DEBTOR: BAC HOME LOANS SERVICING LP,CREDITOR: SPECIALIZED LOAN SERVICING LLC.AMOUNT: $0. CASE #D-11CV734. DATE: 11/2/11.

RELEASE OF STATE TAX LIENSLarimer County

DENNIS A JONES, 730 PO BOX 2652, RANCHOMIRAGE 92270-1097, $0, #68206, 11/8/11.

STATE TAX LIENSLarimer County

EIGHT ARMS INC, $24537.5, #66593, 11/1/11.CERTIFIED REHAB SERVICES INC, $19526.26,#65250, 10/26/11.RYAN RESTAURANT GROUP LLC, $6910.28,#65252, 10/26/11.RESTAURANT SERVICES INC, $6642.09, #66594,11/1/11.

EUROPEAN INVEST LLC, $6263.85, #67454,11/3/11.TRL ENTERPRISES INC, $6182.86, #65251,10/26/11.OLD WORLD THERAPEUTICS LLC, $5972,#66403, 10/31/11.WG MECHANICAL LLC, $5603.4, #65249,10/26/11.CARL E SCOTT, $5551.96, #65248, 10/26/11.DACCARDI CENTER FOR NATURAL HE, $5461,#66410, 10/31/11.ROSE NAILS LLC, $5437, #66399, 10/31/11.SVOBODA SONS CONSTR LLC, $4152.93, #67455,11/3/11.COLO WELLNESS PROVIDERS, $4049, #66409,10/31/11.FORT COLLINS MOBILE INC, $3845.25, #65661,10/27/11.ACES HI LLC, $3770, #66408, 10/31/11.JOHN D BRAGASSA, 3001 WORTHINGTON AVE,FORT COLLINS 80526-2657, $2762, #66401,10/31/11.VALENTINA V CARRION, 116 S LINCOLN AVE,LOVELAND 80537-6408, $2080, #66407, 10/31/11.NIGHT SHOTZ OK LINGLE BLUE SKY, $2053,#66406, 10/31/11.AM LEGION CLUB, $1280.66, #66405, 10/31/11.JANETTES PHARMACY INC, $1079, #66400,10/31/11.IMPACT AUTO GLASS INC, $1027, #66402,10/31/11.PREFERRED ELECTRIC INC, $907.7, #66592,11/1/11.QAMA LLC, $735.94, #66239, 10/31/11.ALL KINDS CONSTR LLC, $647.81, #66238,10/31/11.GL CONSTR INC, $424, #66398, 10/31/11.BBC CO, $348.95, #66240, 10/31/11.MMBR ENTERPRISES, $157, #66404, 10/31/11.JENNIFER L MOODY INC, $132.04, #67456,11/3/11.

Weld County

WILPARK LLC, $4970.13, #3804603, 11/9/11.CTC HMGC LLC, $4948.59, #3803588, 11/3/11.CHAMPION CHEVROLET INC, $2828.21,#3804203, 11/7/11.FRONT RANGE MEDICAL STAFFING, $2352.14,#3804790, 11/10/11.OWENS LLC, $1079.61, #3804792, 11/10/11.CHIP MONK, $831.02, #3803262, 11/2/11.COLO UTILITY FINDERS INC, $811.84, #3804791,11/10/11.A DBL R WELL SERVICE INC, $730.76,#3803587, 11/3/11.APPLIED PHYSICS INC, $537.18, #3803589,11/3/11.

WARRANTY DEEDSLarimer County

Seller: SADDLENOTCH LLCBuyer, buyer’s address: SUPER VACUUM MANU-FACTURING CO, 1511 E 11TH ST, LOVELAND, CO80537-5056Address: 3842 REDMAN DR, FORT COLLINS,80524-9235Price: $4726000Date closed: 11/2/11

Seller: SUPER VACUUM MANUFACTURING COBuyer, buyer’s address: SADDLENOTCH LLC,4004 MEDFORD DR, LOVELAND, CO 80538-9085Address: 1303 E 11TH ST, LOVELAND, 80537-5051Price: $4726000Date closed: 11/2/11

Seller: PETER E & DEBORAH B JOCHEMSBuyer, buyer’s address: JASON E & LAUREN TMAINES, 1682 LENNA CT, WINDSOR, CO 80550-4689Address: 1682 LENNA CT, WINDSOR, 80550-4689Price: $1300000Date closed: 10/31/11

Seller: RALPH A & SHELLEE A LUMBARDBuyer, buyer’s address: JEFFREY D & DIANE VTOMPKINS, 21 W ROSEVILLE RD, LANCASTER, PA17601-3928Address: 3051 TALIESIN WAY, FORT COLLINS,80524-9383Price: $943000Date closed: 10/28/11

Seller: JUDY G & A BLAINE ALLEYBuyer, buyer’s address: CARY & ELAINE E TOEP-KE, 7410 COUPLES CT, FORT COLLINS, CO 80528-8859Address: 7410 COUPLES CT, FORT COLLINS,80528-8859Price: $900000Date closed: 10/28/11

Seller: DKMP2 INVESTMENTS LLCBuyer, buyer’s address: POWERSPORTS PROP-ERTIES LLC, 739 WASHINGTON AVE, LOVELAND, CO80537-4813Address: 1604 N LINCOLN AVE, LOVELAND,80538-3828Price: $800000Date closed: 10/27/11

Seller: PJL LLCBuyer, buyer’s address: GORDON L & MELISSA DGOODMAN, 5437 STANDING CLOUD DR, LOVELAND,CO 80537-3284Address: 5437 STANDING CLOUD DR, LOVELAND,80537-3284Price: $795000Date closed: 10/31/11

Seller: KEITH R & SHARON L BURMANBuyer, buyer’s address: RALPH H STALEY, 628GAIT CIR, FORT COLLINS, CO 80524-9551Address: 628 GAIT CIR, FORT COLLINS, 80524-9551Price: $725000

Date closed: 10/19/11

Seller: THELMA R CARTER REAL ESTATE TRBuyer, buyer’s address: MONIQUE R DULANEY,1845 JACOB RD, ESTES PARK, CO 80517Address: 1845 JACOB RD, ESTES PARK, 80517Price: $710000Date closed: 10/28/11

Seller: DAVID M & SARAH J ELLISBuyer, buyer’s address: ANDREW D & KRISTEN RSANTILLANEZ, 1732 E DOUGLAS RD, FORT COLLINS,CO 80524-1741Address: 1732 E DOUGLAS RD, FORT COLLINS,80524-1741Price: $695000Date closed: 10/25/11

Seller: MERRILL LYNCH CREDIT CORPBuyer, buyer’s address: KENNETH ROBERT &NANC BAKER, 1692 KIOWA RD, LYONS, CO 80540-8267Address: 1692 KIOWA RD, LYONS, 80540-8267Price: $636900Date closed: 11/8/11

Seller: THOMAS L & NANCY J DUNNBuyer, buyer’s address: WILLIAM A MURRAY,4485 S COUNTY ROAD 23, LOVELAND, CO 80537-7839Address: 4485 S COUNTY ROAD 23, LOVELAND,80537-7839Price: $625000Date closed: 10/25/11

Seller: DAVID W GARNERBuyer, buyer’s address: LISA ANN HOFMANN2003 REVOCABL, 9807 ALDEN RD, HARVARD, IL60033-9304Address: 4539 BINGHAM HILL RD, FORT COLLINS,80521-1072Price: $625000Date closed: 10/17/11

Seller: SHARENE E TIMMONSBuyer, buyer’s address: CHARLES R & NORA IFELDPAUSCH, 5525 TRAIL PT, FORT COLLINS, CO80524-8327Address: 5525 TRAIL PT, FORT COLLINS, 80524-8327Price: $600000Date closed: 10/28/11

Seller: STONEFIELD HOMES LLCBuyer, buyer’s address: MICHAEL & AMY KOL-CZAK, 6833 SILVER DOLLAR CT, TIMNATH, CO80547-2288Address: 6833 SILVER DOLLAR CT, TIMNATH,80547-2288Price: $585100Date closed: 10/24/11

Seller: DAREN L & RONNA L ROBERSONBuyer, buyer’s address: ERIC M & CHERI LADAMS, 3187 TWIN HERON CT, FORT COLLINS, CO80528-9459Address: 3187 TWIN HERON CT, FORT COLLINS,80528-9459Price: $575000Date closed: 11/2/11

Seller: ANDREW M AMALFITANOBuyer, buyer’s address: JOHN T & APRIL R BAU-MAN, 1200 S COUNTY ROAD 27 E, BERTHOUD, CO80513-8706Address: 1200 S COUNTY ROAD 27 E, BERTHOUD,80513-8706Price: $551000Date closed: 10/31/11

Seller: RONALD R CAROL ANDERSONLEHMANBuyer, buyer’s address: DEBRA I WENTE REVO-CABLE LIVING, 3713 FAIRWAY DR, HAYS, KS 67601-1588Address: 1072 CHAR DEL LN, ESTES PARK, 80517-9231Price: $525000Date closed: 11/2/11

Seller: SHARON SPERTE REVOCABLE LIVINGBuyer, buyer’s address: HEIDI WELSCH, 10335SUMMER PL, EDEN PRAIRIE, MN 55347-4720Address: 1365 UPPER BROADVIEW RD, ESTESPARK, 80517-8239Price: $521000Date closed: 11/4/11

Seller: GILLUS PROPERTIES LLCBuyer, buyer’s address: MARKDOR INC LLC,4835 N HIGHWAY 1, FORT COLLINS, CO 80524-9567Address: 1111 W MULBERRY ST, FORT COLLINS,80521-3518Price: $507300Date closed: 7/29/11

Seller: WEBER FAMILY LIVING TRUSTBuyer, buyer’s address: HEIDI A GUMMIG TRUST,5829 N JACKSON DR, KANSAS CITY, MO 64119-4673Address: 250 MUGGINS GULCH LN, ESTES PARK,80517-8862Price: $505000Date closed: 11/4/11

Seller: JAMES J & LINDA L BURKEBuyer, buyer’s address: SAYBROOK LLC, 939 WOAK ST, FORT COLLINS, CO 80521-2515Address: 185 VIRGINIA LN, ESTES PARK, 80517-9092Price: $500000Date closed: 10/31/11

Seller: BISETTIS HOLDINGS INCBuyer, buyer’s address: ERION FOUNDATION,310 PO BOX 239, LOVELAND, CO 80539-0239Address: 310 RAILROAD AVE, LOVELAND, 80537-5554Price: $487500Date closed: 11/7/11

Seller: SOTIRIOS AKI & TARA M PALMERBuyer, buyer’s address: DIMITRIOS S PALMER,1441 W MOUNTAIN AVE, FORT COLLINS, CO 80521-2305Address: 1441 W MOUNTAIN AVE, FORT COLLINS,80521-2305

Price: $450000Date closed: 11/4/11

Seller: VICTORIA R WALLISBuyer, buyer’s address: FREDERIC MILLER &BETH CLAY SAMMOND, 517 KALLA WALLA TRL,CRYSTAL FALLS, MI 49920-9159Address: 1800 STAR VIEW DR, LIVERMORE,80536-9541Price: $432500Date closed: 9/28/11

Seller: JAMES B & JOANNE CAMPBELLBuyer, buyer’s address: BRENT J & JAMIE ATUCKER, 8354 SAND DOLLAR DR, WINDSOR, CO80528-7517Address: 8354 SAND DOLLAR DR, WINDSOR,80528-7517Price: $432500Date closed: 10/28/11

Seller: SAVANT HOMES INCBuyer, buyer’s address: PATRICIA MARGARET &WASL ALADSANI, 8360 WHITE OWL CT, WINDSOR,CO 80550-8051Address: 8360 WHITE OWL CT, WINDSOR, 80550-8051Price: $425400Date closed: 10/31/11

Seller: RODNEY W & LISA C SCHMITZBuyer, buyer’s address: STEPHEN F & RENEE VGREENWOOD, 3315 MILFRED LN, FORT COLLINS, CO80526-2117Address: 3315 MILFRED LN, FORT COLLINS,80526-2117Price: $413000Date closed: 11/4/11

Seller: AURORA LN SERVICES LLCBuyer, buyer’s address: TREVOR J BOUSU, 5160CLEARWATER DR, LOVELAND, CO 80538-8897Address: 5160 CLEARWATER DR, LOVELAND,80538-8897Price: $410000Date closed: 8/30/11

Seller: ELIZABETH ICKESBuyer, buyer’s address: BRUCE M BIGGI, 1824LAKEVIEW DR, FORT COLLINS, CO 80524-1935Address: 1824 LAKEVIEW DR, FORT COLLINS,80524-1935Price: $410000Date closed: 10/28/11

Seller: DAVID B & NANCY J CARTERBuyer, buyer’s address: SAM JEANNEGESUMARIA TRUST, 2640 PO BOX 4726, CARMEL,CA 93921-4726Address: 2640 FARISITA DR, LOVELAND, 80538-3431Price: $407000Date closed: 10/27/11

Seller: DAVID & JULIE A GRENROODBuyer, buyer’s address: CHRISTOPHER S & MAR-ION H FRANCE, 7238 KERSEY CT, FORT COLLINS,CO 80525-8215Address: 7238 KERSEY CT, FORT COLLINS, 80525-8215Price: $390000Date closed: 9/30/11

Seller: WESTMARK HOMES LLCBuyer, buyer’s address: JAMES D & DENISE ASCHELLER, 6715 BANDON DUNES DR, WINDSOR, CO80550-7055Address: 6715 BANDON DUNES DR, WINDSOR,80550-7055Price: $385000Date closed: 10/25/11

Seller: JESSE E & YVETTE R KERSHNERBuyer, buyer’s address: YUFENG HAN, 3214CHASE DR, FORT COLLINS, CO 80525-7647Address: 3214 CHASE DR, FORT COLLINS, 80525-7647Price: $385000Date closed: 10/27/11

Seller: LESLIE C THURMANBuyer, buyer’s address: WESTWIND INC, 71CULEBRA PEAK CT, LIVERMORE, CO 80536-9389Address: 71 CULEBRA PEAK CT, LIVERMORE,80536-9389Price: $380000Date closed: 10/19/11

Seller: JAMES CHARLE & CAROLYN ELIZ ALBRIT-TONMCDONALDBuyer, buyer’s address: ETTA LLC, 1408 CLOVERCREEK DR, LONGMONT, CO 80503-7534Address: 3805 DAVIS RANCH RD, BELLVUE,80512-6326Price: $380000Date closed: 9/29/11

Seller: D N ENTERPRISES INCBuyer, buyer’s address: ASCO HOLDINGS LLC,1420 RIVERSIDE AVE # C, FORT COLLINS, CO80524-4380Address: 1420 RIVERSIDE AVE # C, FORTCOLLINS, 80524-4380Price: $380000Date closed: 10/31/11

Seller: FANNIE MAEBuyer, buyer’s address: RALPH A & CHERYL APARKER, 5938 NICKLAUS DR, FORT COLLINS, CO80528-8853Address: 5938 NICKLAUS DR, FORT COLLINS,80528-8853Price: $378300Date closed: 10/31/11

Seller: GILBERT J & SHERRI LYNN KIEFERBuyer, buyer’s address: MICHAEL M & DESIREELYNN KIMBALL, 6232 WESTCHASE RD, FORTCOLLINS, CO 80528-7075Address: 6232 WESTCHASE RD, FORT COLLINS,80528-7075Price: $376000Date closed: 10/28/11

Seller: JEFFREY EARLE SHELLEBARGERBuyer, buyer’s address: SARAH JANE HINES,

1011 W MOUNTAIN AVE, FORT COLLINS, CO 80521-2403Address: 1011 W MOUNTAIN AVE, FORT COLLINS,80521-2403Price: $375000Date closed: 11/4/11

Seller: SEAN T & MARY F WILSONBuyer, buyer’s address: MITCHELL D & DENISE ABOCK, 5403 QUASAR WAY, FORT COLLINS, CO80528-4442Address: 5403 QUASAR WAY, FORT COLLINS,80528-4442Price: $365000Date closed: 10/24/11

Seller: SAGE HOMES LLCBuyer, buyer’s address: BRIAN A & JODI R WAR-REN, 5242 ROCK HILL ST, TIMNATH, CO 80547-2329Address: 5242 ROCK HILL ST, TIMNATH, 80547-2329Price: $360300Date closed: 10/31/11

Seller: CAROLYN E SYMSACKBuyer, buyer’s address: RAYMOND B & CAROLYNLOBDELL, 7027 RANGER DR, FORT COLLINS, CO80526-9618Address: 7027 RANGER DR, FORT COLLINS,80526-9618Price: $357500Date closed: 10/28/11

Seller: MICHAEL I & BETTY L JANSMABuyer, buyer’s address: JOHN F & PAULA BPREBISH, 3656 N COUNTY ROAD 3, LOVELAND, CO80538-8999Address: 1040 S RAILROAD AVE, LOVELAND,80537-6308Price: $350000Date closed: 10/26/11

Seller: WARREN D SETTLEBuyer, buyer’s address: RENARD R & DANA MULREY, 3944 WOODVIEW CT, FORT COLLINS, CO80526-3048Address: 3944 WOODVIEW CT, FORT COLLINS,80526-3048Price: $350000Date closed: 10/28/11

Seller: ALISON K & PETER BUCKLEBuyer, buyer’s address: DAVID W & LISA LDOWNER, 3257 CROWLEY CIR, LOVELAND, CO80538-4957Address: 3257 CROWLEY CIR, LOVELAND, 80538-4957Price: $350000Date closed: 10/28/11

Seller: ROGER GILLBuyer, buyer’s address: KAY R VOGEL, 402 POBOX 2165, FORT COLLINS, CO 80522-2165Address: 402 STOVER ST, FORT COLLINS, 80524-2931Price: $340000Date closed: 10/28/11

Seller: BRYAN S & TAMMY BONNERBuyer, buyer’s address: CHAD & JAMIEAMUNDGAARD, 5660 CALGARY ST, TIMNATH, CO80547-2265Address: 5660 CALGARY ST, TIMNATH, 80547-2265Price: $339000Date closed: 11/2/11

Seller: RICHARD ROBB & MARY FRANCES WILSONBuyer, buyer’s address: RICHARD A & KATE SSMARTT, 4481 RIBBON CT, LOVELAND, CO 80537-7886Address: 4481 RIBBON CT, LOVELAND, 80537-7886Price: $332000Date closed: 10/28/11

Seller: CHRISTINE M & CHRISTOPHER E BRETZBuyer, buyer’s address: MATTHEW A & WHITNEYKEACH JOHNSON, 4113 WAYNESBORO CT, FORTCOLLINS, CO 80525-3418Address: 4113 WAYNESBORO CT, FORT COLLINS,80525-3418Price: $331000Date closed: 7/26/11

Seller: ANTHONY PECONEBuyer, buyer’s address: RANDY F & CHARLOTTEA JONES, 8221 NAUTICAL CT, WINDSOR, CO 80528-7503Address: 8221 NAUTICAL CT, WINDSOR, 80528-7503Price: $330000Date closed: 10/27/11

Seller: GERALD E & PATRICIA R TAYLERBuyer, buyer’s address: CRAIG L & TAMMY JCARPENTER, 3805 VERBO RD, LOVELAND, CO80538-9425Address: 3805 VERBO RD, LOVELAND, 80538-9425Price: $330000Date closed: 11/7/11

Seller: STANLEY S & MARY HARTBuyer, buyer’s address: MICHAEL J & ZENITHAA HUND, 661 BIG HORN DR, ESTES PARK, CO 80517-9006Address: 4601 SUNSHINE CT, LOVELAND, 80537-7423Price: $325000Date closed: 10/19/11

Seller: HOME STATE BANKBuyer, buyer’s address: LINDA L & RANDY WADLER, 500 ASPEN DR, LYONS, CO 80540-8022Address: 500 ASPEN DR, LYONS, 80540-8022Price: $320000Date closed: 10/25/11

Seller: ALAN C MEYERBuyer, buyer’s address: NEIL SWANSON, 1208MORGAN ST, FORT COLLINS, CO 80524-3836Address: 1208 MORGAN ST, FORT COLLINS,80524-3836Price: $320000

Date closed: 11/1/11

Seller: BOBBIE L & VICKY J MEYERBuyer, buyer’s address: RYAN & CARA EAST-WOOD BALDWIN, 1200 ROUND BUTTE DR, FORTCOLLINS, CO 80524-1008Address: 1200 ROUND BUTTE DR, FORT COLLINS,80524-1008Price: $312000Date closed: 10/21/11

Seller: TIMOTHY B & EMILY A KEMPBuyer, buyer’s address: JAMES M HANEBERG,1381 GOLDEN CURRANT CT, FORT COLLINS, CO80521-7533Address: 1381 GOLDEN CURRANT CT, FORTCOLLINS, 80521-7533Price: $310000Date closed: 10/28/11

Seller: CASBEHR LAND HOLDINGS LLCBuyer, buyer’s address: ZACHARIAH E & KIM-BERLY WOOD, 2207 TIMBER CREEK DR, FORTCOLLINS, CO 80528-8530Address: 2207 TIMBER CREEK DR, FORT COLLINS,80528-8530Price: $305000Date closed: 10/28/11

Seller: RYLAND GROUP INCBuyer, buyer’s address: ROBERT L & BLAIRE EGRAY, 5433 WISHING WELL DR, TIMNATH, CO80547-2332Address: 5433 WISHING WELL DR, TIMNATH,80547-2332Price: $304200Date closed: 10/26/11

Seller: JUDSON R JR DAVISBuyer, buyer’s address: BEILIN ZHENG, 2780CANBY WAY, FORT COLLINS, CO 80525-6676Address: 2780 CANBY WAY, FORT COLLINS,80525-6676Price: $298500Date closed: 10/27/11

Seller: MELODY HOMES INCBuyer, buyer’s address: KEVIN D JACQUOT,6325 RICHLAND AVE, TIMNATH, CO 80547-2510Address: 6325 RICHLAND AVE, TIMNATH, 80547-2510Price: $295000Date closed: 10/31/11

Seller: JOHN C & DIANE K WALKERBuyer, buyer’s address: RUSSELL & LAURASTROUD, 1866 MONARCH CIR, LOVELAND, CO80538-8773Address: 1866 MONARCH CIR, LOVELAND, 80538-8773Price: $292200Date closed: 11/4/11

Seller: MELODY HOMES INCBuyer, buyer’s address: CHRISTINE P HEN-DRICKS, 6302 RICHLAND AVE, TIMNATH, CO80547-2510Address: 6302 RICHLAND AVE, TIMNATH, 80547-2510Price: $288400Date closed: 10/31/11

Seller: PREO BELMONT RIDGE LLCBuyer, buyer’s address: ALAN W & CHRISTINA MCLEVELAND, 4607 POMPANO DR, WINDSOR, CO80550-2620Address: 4607 POMPANO DR, WINDSOR, 80550-2620Price: $287300Date closed: 10/27/11

Seller: SARA DIANE ADAMSBuyer, buyer’s address: ANDREW KABOT, 3314INNISFREE LN, LAPORTE, CO 80535-3023Address: 3314 INNISFREE LN, LAPORTE, 80535-3023Price: $285000Date closed: 11/3/11

Seller: LOVELAND SOUTHWEST LLCBuyer, buyer’s address: LAWRENCE J KUE-BRICH, 981 REYNOLDS FARM LN, LONGMONT, CO80503-4070Address: 160 12TH ST #121 129 137 141, LOVELAND,80537Price: $285000Date closed: 11/7/11

Seller: WILLIAM J & JOYCE E MITCHELLBuyer, buyer’s address: GRACIELLA BEYERS,2001 TOPANGA CT, FORT COLLINS, CO 80528-6385Address: 979 TINY BOB RD, RED FEATHER LAKES,80545-8748Price: $282500Date closed: 10/26/11

Seller: EDWIN F & MIRIAM M SHINNBuyer, buyer’s address: CHARLES A & JOLEEN EZACZEK, 3234 SEDGWICK CIR, LOVELAND, CO80538-6417Address: 3234 SEDGWICK CIR, LOVELAND, 80538-6417Price: $279000Date closed: 10/12/11

Seller: LORRINE A TOOLEY REVOCABLE TRUBuyer, buyer’s address: JACK L & LINDA ELLISTUCKER, 1825 LAFAYETTE DR, PLANO, TX 75075-6771Address: 1375 RAVEN CIR, ESTES PARK, 80517-9457Price: $277500Date closed: 10/28/11

Seller: TANNIN HOLDINGS LLCBuyer, buyer’s address: MYRNA J & JAMES FRODENBERGER, 2650 STONEHAVEN DR, FORTCOLLINS, CO 80525-5679Address: 2950 SUNSTONE DR, FORT COLLINS,80525-9077Price: $276900Date closed: 10/26/11

Seller: DOUGLAS D SUHLERBuyer, buyer’s address: CHRISTOPHER A BRAM-MER, 106 HUTTON CT, SUNNYVALE, CA 94087-4655

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Address: 1603 DOTSERO AVE, LOVELAND, 80538-3505Price: $276000Date closed: 10/28/11

Seller: THOMAS A & MICHELLE M MARSHALLBuyer, buyer’s address: MEGAN CHRISTENSEN,3868 CARDIFF CT, LOVELAND, CO 80538-2079Address: 3868 CARDIFF CT, LOVELAND, 80538-2079Price: $275000Date closed: 10/28/11

Seller: RONALD D & RONALD DEAN STEFFENBuyer, buyer’s address: MATTHEW C &JULIANNE M HEATH, 3233 JEFFERSON AVE,WELLINGTON, CO 80549-3265Address: 3233 JEFFERSON AVE, WELLINGTON,80549-3265Price: $275000Date closed: 11/2/11

Seller: DARON R HAYSBuyer, buyer’s address: MICHAEL L THIEME,820 E MYRTLE ST, FORT COLLINS, CO 80524-3115Address: 820 E MYRTLE ST, FORT COLLINS,80524-3115Price: $269900Date closed:

Seller: LAKES POINT CONSTRUCTION II LLBuyer, buyer’s address: DORA JOANNE REECE,1538 LANDSMAN HILL DR, LOVELAND, CO 80538-7287Address: 1538 LANDSMAN HILL DR, LOVELAND,80538-7287Price: $268800Date closed: 10/25/11

Seller: FEDERAL HOME LN MORTGAGE CORPBuyer, buyer’s address: JEANNIE NANNETTE &DELWYN T HUGHES, 7515 GOLD HILL CT, FORTCOLLINS, CO 80525-8824Address: 7515 GOLD HILL CT, FORT COLLINS,80525-8824Price: $266000Date closed: 9/16/11

Seller: PREO BELMONT RIDGE LLCBuyer, buyer’s address: MARK H & WENDY ABORGMAN, 4601 FREEHOLD DR, WINDSOR, CO80550-2671Address: 4601 FREEHOLD DR, WINDSOR, 80550-2671Price: $263000Date closed: 10/27/11

Seller: LOUVENIA PEARL HUNT REVOCABLEBuyer, buyer’s address: SHARON SPERTE REVO-CABLE LIVING, 2410 CARRIAGE DR, ESTES PARK,CO 80517-7105Address: 2410 CARRIAGE DR, ESTES PARK, 80517-7105Price: $260000Date closed: 11/4/11

Seller: DONALD D DEBEYBuyer, buyer’s address: DANE & LORI SPILLERS,51 ASPEN RD, PLEASANT PLAINS, IL 62677-3454Address: 2625 MARYS LAKE RD UNIT 40B, ESTESPARK, 80517-7168Price: $258000Date closed: 10/21/11

Seller: OAKWOOD HOMES LLCBuyer, buyer’s address: JASON L & AMANDA MBIESECKER, 3611 PINEWOOD CT, JOHNSTOWN, CO80534Address: 3611 PINEWOOD CT, JOHNSTOWN, 80534Price: $255000Date closed: 10/24/11

Seller: WARREN & YVONNE WILLIAMSBuyer, buyer’s address: DEAN A GRUNDMAN,4950 CLEARWATER DR, LOVELAND, CO 80538-8895Address: 4950 CLEARWATER DR, LOVELAND,80538-8895Price: $255000Date closed: 10/28/11

Seller: QUALITY SERVICE GROUP LLCBuyer, buyer’s address: RHONDA SHARP, 719 SEDINBURGH DR, LOVELAND, CO 80537-6792Address: 719 S EDINBURGH DR, LOVELAND,80537-6792Price: $254900Date closed: 10/27/11

Seller: FEDERAL HOME LN MORTGAGE CORPBuyer, buyer’s address: ROBERT B & SANDRA LFISCHER, 2511 HEWLETT GULCH RD, LIVERMORE,CO 80536-9501Address: 2511 HEWLETT GULCH RD, LIVERMORE,80536-9501Price: $252000Date closed: 9/2/11

Seller: PATRICIA A STEENBuyer, buyer’s address: THERESA KASPRZYK,2330 SHADOW CT, LOVELAND, CO 80538-4232Address: 2330 SHADOW CT, LOVELAND, 80538-4232Price: $252000Date closed: 11/4/11

Seller: JAY DONALD GREENERBuyer, buyer’s address: MATTHEW HWILLIAMSON, 2715 ROCK CREEK DR, FORTCOLLINS, CO 80528-3118Address: 2715 ROCK CREEK DR, FORT COLLINS,80528-3118Price: $251000Date closed: 10/11/11

Seller: IDS HOMES INCBuyer, buyer’s address: EQUITY TRUST CO, 513W 9TH ST, LOVELAND, CO 80537-4613Address: 513 W 9TH ST, LOVELAND, 80537-4613Price: $249300

Date closed: 11/2/11

Seller: DONNA LYNN BESCHEINENBuyer, buyer’s address: JEFFREY J & PAMELA JMAYERS, 451 BOARDWALK DR APT 1121, FORTCOLLINS, CO 80525-3229Address: 4546 COLE DR, LOVELAND, 80538-6423Price: $248000Date closed: 11/3/11

Seller: LAGRANGE DEVELOPMENT CORPBuyer, buyer’s address: LAGRANGE LAND LLC,1170 W ASH ST, WINDSOR, CO 80550-4782Address: 2503 LIMON DR, FORT COLLINS, 80525-7666Price: $247500Date closed: 10/28/11

Seller: JOHN A & MARY E STROMBERGERBuyer, buyer’s address: JERRY L & MARGARETA THORSTAD, 1849 SUNDANCE DR, LONGMONT, CO80504-3771Address: 722 MOUNT MASSIVE DR, LIVERMORE,80536-8736Price: $245000Date closed: 11/4/11

Seller: ROBERT A JACOBSONBuyer, buyer’s address: ROBERT B & CANDACEPATERSON, 303 SIERRA VISTA DR, FORT COLLINS,CO 80524-8937Address: 303 SIERRA VISTA DR, FORT COLLINS,80524-8937Price: $244300Date closed: 11/4/11

Seller: MARGRIT A LENTBuyer, buyer’s address: MARIANNE LENT LIVINGTRUST, 1730 HALFORD AVE APT 142, SANTA CLARA,CA 95051-2649Address: 207 E IOWA AVE, BERTHOUD, 80513-1455Price: $242000Date closed: 10/21/11

Seller: SHIRLEY S CHASE REVOCABLE TRUSBuyer, buyer’s address: TIMOTHY B & EMILY AKEMP, 2503 CREEKWOOD DR, FORT COLLINS, CO80525-2031Address: 2503 CREEKWOOD DR, FORT COLLINS,80525-2031Price: $242000Date closed: 10/28/11

Seller: R SHIBuyer, buyer’s address: M FOX, 1738 CENTENNI-AL RD, FORT COLLINS, CO 80525-4702Address: 1738 CENTENNIAL RD, FORT COLLINS,80525-4702Price: $241500Date closed: 11/3/11

Seller: TRAFTON FAMILY TRUSTBuyer, buyer’s address: SHARON L WARD, 108CARINA CIR, LOVELAND, CO 80537-2036Address: 108 CARINA CIR, LOVELAND, 80537-2036Price: $239900Date closed: 10/28/11

Seller: LUCKEROTH FAMILY LIVING TRUSTBuyer, buyer’s address: PATRICIA ANN STEEN,2491 WAVERLY DR, LOVELAND, CO 80538-5373Address: 2491 WAVERLY DR, LOVELAND, 80538-5373Price: $235000Date closed: 11/4/11

Seller: BRUCE R EVANSBuyer, buyer’s address: LEIGH MARGARET FAR-RAR, 213 WEST ST, FORT COLLINS, CO 80521-1854Address: 1002 LAPORTE AVE, FORT COLLINS,80521-2415Price: $234500Date closed: 10/28/11

Seller: OAKWOOD HOMES LLCBuyer, buyer’s address: JAMIE C & KATIE MRIDEOUTT, 3800 HUNTERWOOD LN, JOHNSTOWN,CO 80534-2840Address: 3800 HUNTERWOOD LN, JOHNSTOWN,80534-2840Price: $234500Date closed: 11/4/11

Seller: MICHAEL D TOYBuyer, buyer’s address: DAVID ALLEN & MINNIEANN KRUEGER, 1312 CENTENNIAL RD, FORTCOLLINS, CO 80525-2313Address: 1312 CENTENNIAL RD, FORT COLLINS,80525-2313Price: $232000Date closed: 10/21/11

Seller: SARA B HANSENBuyer, buyer’s address: TERRELL W HARRISON,2250 MUIR LN, FORT COLLINS, CO 80524-1682Address: 2250 MUIR LN, FORT COLLINS, 80524-1682Price: $230000Date closed: 10/28/11

Seller: TRAVIS SCHMIDTBuyer, buyer’s address: PATRICK ROWE, 1804 SDOUGLAS AVE, LOVELAND, CO 80537-7033Address: 220 N SHIELDS ST, FORT COLLINS,80521-1836Price: $230000Date closed: 11/1/11

Seller: DEANNA LYNN GOODMANBuyer, buyer’s address: JEFFREY & MARY BETHGREEN, 4515 HIBISCUS ST, FORT COLLINS, CO80526-4137Address: 4515 HIBISCUS ST, FORT COLLINS,80526-4137Price: $226000Date closed: 10/28/11

Seller: SANDI K SALVHUSBuyer, buyer’s address: ERIC E & NANETTE JYOUNG, 542 LINDEN VIEW DR, FORT COLLINS, CO

80524-8332Address: 2424 MATHEWS ST, FORT COLLINS,80525-1707Price: $225000Date closed: 10/31/11

Seller: PEAKVIEW HOMES INCBuyer, buyer’s address: TIMOTHY L & JILL MAMBROSE, 795 GRAYS PEAK LN, BERTHOUD, CO80513Address: 795 GRAYS PEAK LN, BERTHOUD, 80513Price: $224900Date closed: 11/4/11

Seller: PAWNEE MEADOWS LLCBuyer, buyer’s address: TRISTAN T & GABRIEL-LA T CORIELL, 1790 GRAY HAWK CT, ESTES PARK,CO 80517Address: 1790 GRAY HAWK CT, ESTES PARK,80517Price: $223000Date closed: 10/19/11

Seller: BRIDGEFIELD LLCBuyer, buyer’s address: STEVEN A & JULIA LERTELT, 2550 PARKFRONT DR UNIT F, FORTCOLLINS, CO 80525-7619Address: 2550 PARKFRONT DR UNIT F, FORTCOLLINS, 80525-7619Price: $221800Date closed: 10/25/11

Seller: JEFFREY A ORRBuyer, buyer’s address: LORI LUZANO, 1930ANGELO DR, FORT COLLINS, CO 80528-6373Address: 1930 ANGELO DR, FORT COLLINS,80528-6373Price: $221000Date closed: 10/31/11

Seller: LINDSAY S SCHREINERBuyer, buyer’s address: PAUL W & BETH D BOE-SENECKER, 1148 STRATBOROUGH LN, FORTCOLLINS, CO 80525-2367Address: 1148 STRATBOROUGH LN, FORT COLLINS,80525-2367Price: $220700Date closed: 10/31/11

Seller: GARY L & BRENDA K ROBBINSBuyer, buyer’s address: BOYCE A III DRUM-MOND, 5542 FOSSIL CT E, FORT COLLINS, CO80525-4909Address: 5542 FOSSIL CT E, FORT COLLINS,80525-4909Price: $220000Date closed: 10/28/11

Seller: GRACE GOODSONBuyer, buyer’s address: GREGG M THOMAS, 612MARIGOLD LN, FORT COLLINS, CO 80526-3504Address: 612 MARIGOLD LN, FORT COLLINS,80526-3504Price: $219900Date closed: 11/4/11

Seller: FANNIE MAEBuyer, buyer’s address: AARON & JULIE CASTIL-LO, 4018 CAPSTONE CT, FORT COLLINS, CO 80525-5624Address: 4018 CAPSTONE CT, FORT COLLINS,80525-5624Price: $218800Date closed: 10/21/11

Seller: MARC P & LORILEE R FRIEDLANDBuyer, buyer’s address: SARAH M LUCERO, 2101SAGE DR, FORT COLLINS, CO 80524-1824Address: 2101 SAGE DR, FORT COLLINS, 80524-1824Price: $217000Date closed: 9/28/11

Seller: MARK J & LIZA J HATCHERBuyer, buyer’s address: DARCY L & ELIZABETHL SPEER, 267 SNOW GOOSE AVE, LOVELAND, CO80537-6561Address: 267 SNOW GOOSE AVE, LOVELAND,80537-6561Price: $217000Date closed: 10/17/11

Seller: ROBIN L PARKERBuyer, buyer’s address: DAVID K DENNING, 1861PO BOX 96, ESTES PARK, CO 80517-0096Address: 1861 RAVEN AVE UNIT A6, ESTES PARK,80517-9417Price: $216500Date closed: 10/28/11

Seller: KIMBERLY E SIPESBuyer, buyer’s address: KEVIN T & ASHLEY NSLOAN, 839 PROVINCE RD, FORT COLLINS, CO80525-6971Address: 839 PROVINCE RD, FORT COLLINS,80525-6971Price: $215000Date closed: 10/26/11

Seller: JODY L & GENE W JR KINDBuyer, buyer’s address: AKOLOTU & ERIN MMOELOA, 2233 MUIR LN, FORT COLLINS, CO 80524-1681Address: 2233 MUIR LN, FORT COLLINS, 80524-1681Price: $215000Date closed: 10/27/11

Seller: MARK S & ELIZABETH RUTHBuyer, buyer’s address: PAMELA S BISHOP, 730ROCKY MOUNTAIN WAY, FORT COLLINS, CO 80526-2615Address: 730 ROCKY MOUNTAIN WAY, FORTCOLLINS, 80526-2615Price: $215000Date closed: 10/26/11

Seller: MELODY HOMES INCBuyer, buyer’s address: JASON & STEPHANIESTEVENS, 3362 WAGON TRAIL RD, FORT COLLINS,CO 80524-1270Address: 3362 WAGON TRAIL RD, FORT COLLINS,80524-1270Price: $214400Date closed: 10/27/11

Seller: CHARLES D & JOYCE E BADEBuyer, buyer’s address: DAVIS FAMILY TRUST,2355 NORTHBROOK DR, FORT COLLINS, CO 80526-6715Address: 2355 NORTHBROOK DR, FORT COLLINS,80526-6715Price: $214000Date closed: 10/21/11

Seller: ASPEN HOMES COLO INCBuyer, buyer’s address: JANET C DYER LIVINGTRUST, 3366 FOSTER PL, LOVELAND, CO 80538-6435Address: 3366 FOSTER PL, LOVELAND, 80538-6435Price: $212400Date closed: 11/4/11

Seller: LOVELAND MIDTOWN DEVELOPMENT IBuyer, buyer’s address: MARILOU R WILLCOXEN,1149 CAELUM CT, LOVELAND, CO 80537-3277Address: 1149 CAELUM CT, LOVELAND, 80537-3277Price: $210600Date closed: 10/28/11

Seller: OAKWOOD HOMES LLCBuyer, buyer’s address: STEVEN H WILKINS,3901 BLACKWOOD LN, JOHNSTOWN, CO 80534-2814Address: 3901 BLACKWOOD LN, JOHNSTOWN,80534-2814Price: $210500Date closed: 10/31/11

Seller: DAVID I MEYERBuyer, buyer’s address: DEVIN J AUSTIN, 4230JULESBERG DR, LOVELAND, CO 80538-6136Address: 4230 JULESBERG DR, LOVELAND,80538-6136Price: $210000Date closed: 10/21/11

Seller: OAKWOOD HOMES LLCBuyer, buyer’s address: SHARON D & PETE TFULLER, 5300 RAVENSWOOD LN, JOHNSTOWN, CO80534-2841Address: 5300 RAVENSWOOD LN, JOHNSTOWN,80534-2841Price: $210000Date closed: 10/28/11

Seller: DAVID W & ANNE J COXBuyer, buyer’s address: GAYLA M SHAY, 299WRYBILL AVE, LOVELAND, CO 80537-6583Address: 299 WRYBILL AVE, LOVELAND, 80537-6583Price: $210000Date closed: 10/31/11

Seller: OAKWOOD HOMES LLCBuyer, buyer’s address: JAMES J & CRYSTAL KGERTSON, 5260 RAVENSWOOD LN, JOHNSTOWN,CO 80534-2842Address: 5260 RAVENSWOOD LN, JOHNSTOWN,80534-2842Price: $209800Date closed: 10/28/11

Seller: H LEE & KAYE COLLINSBuyer, buyer’s address: KURT & AMELIAOLSCHNER, 3506 ENGLISH CT, FORT COLLINS, CO80526-6103Address: 3506 ENGLISH CT, FORT COLLINS,80526-6103Price: $209000Date closed: 9/28/11

Seller: TERRY CLINGANBuyer, buyer’s address: HOLLY FRANCES LIEN,513 GOLDENEYE DR, FORT COLLINS, CO 80526-3603Address: 513 GOLDENEYE DR, FORT COLLINS,80526-3603Price: $208000Date closed: 10/31/11

Seller: R SCOTT III ELLISBuyer, buyer’s address: KAREN D BECKER, 3513STRATTON DR, FORT COLLINS, CO 80525-2721Address: 3513 STRATTON DR, FORT COLLINS,80525-2721Price: $207000Date closed: 10/27/11

Seller: JERRY LEE & JEAN ADELA PEERYBuyer, buyer’s address: CYNTHIAYOUNGLUNDLIDDELL, 1650 AVALON DR, ESTESPARK, CO 80517-7304Address: 2760 FALL RIVER RD # 202, ESTESPARK, 80517-9211Price: $207000Date closed: 11/7/11

Seller: 3406 RIVA RIDGE LLCBuyer, buyer’s address: JULIE M AREVALO,3406 RIVA RIDGE DR, FORT COLLINS, CO 80526-2888Address: 3406 RIVA RIDGE DR, FORT COLLINS,80526-2888Price: $205000Date closed: 10/14/11

Seller: GREGORY D TILLEYBuyer, buyer’s address: HENRY & SUZANNEZELIAS, 6139 PEBBLE BEACH DR, HOUSTON, TX77069-2537Address: 327 GARFIELD ST, FORT COLLINS,80524-3737Price: $205000Date closed: 11/1/11

Seller: EUGENE ALAN & MICHELLE MARIA BRIGHTBuyer, buyer’s address: CLIFFORD DEWELSE II &HEATHER LEIGH FRENCH, 1407 CENTENNIAL RD,FORT COLLINS, CO 80525-2314Address: 1407 CENTENNIAL RD, FORT COLLINS,80525-2314Price: $204400Date closed: 10/21/11

Seller: JOURNEY HOMES LLCBuyer, buyer’s address: JOHN & LAURA POL-LARD, 2503 FORECASTLE DR, FORT COLLINS, CO80524-6782Address: 2503 FORECASTLE DR, FORT COLLINS,80524-6782

Price: $204000Date closed: 11/1/11

Seller: WALTER S BALLINGERBuyer, buyer’s address: CHARLES A THOMAS,310 N 39TH ST, RAPID CITY, SD 57702-0342Address: 730 W 10TH ST, LOVELAND, 80537-4625Price: $203000Date closed: 10/31/11

Seller: WARREN & CYNTHIA K SIDLEBuyer, buyer’s address: SHARON A LOWRY, 3780HOPE ST, WELLINGTON, CO 80549Address: 3780 HOPE ST, WELLINGTON, 80549Price: $202000Date closed: 10/31/11

Seller: JOHN H & LINDA S CHRISTENBuyer, buyer’s address: KIRK D GLOVER, 2001 NCOLLEGE AVE, FORT COLLINS, CO 80524-1391Address: 2001 N COLLEGE AVE, FORT COLLINS,80524-1391Price: $200000Date closed: 11/7/11

Seller: TERRY L & MICHELLE A CHAMBERSBuyer, buyer’s address: MARY C MORGAN, 7238FORT MORGAN DR, FORT COLLINS, CO 80525-8244Address: 4520 HIBISCUS ST, FORT COLLINS,80526-4138Price: $199500Date closed: 10/21/11

Seller: KYLE H L & ELIZABETH R SCHINKELBuyer, buyer’s address: JACK E ARMSTRONG,230 N SUNSET ST, FORT COLLINS, CO 80521-1432Address: 1513 WESTVIEW AVE, FORT COLLINS,80521-3340Price: $199000Date closed: 11/3/11

Seller: NANCY J HIPP TRUSTBuyer, buyer’s address: RENE J MACIAS, 4541KEOTA PL, LOVELAND, CO 80538-1453Address: 4541 KEOTA PL, LOVELAND, 80538-1453Price: $198000Date closed: 10/28/11

Seller: CAROLE TATEFUDABuyer, buyer’s address: JOHN R & BECKY LIGEL, 145 WINWOOD CIR, GRANITE FALLS, NC28630-9558Address: 3826 SKY GAZER LN APT B, FORTCOLLINS, 80528-3207Price: $198000Date closed: 10/28/11

Seller: KINZLI COBuyer, buyer’s address: EKLUND WYOMINGHOLDINGS LLC, 8017 1ST ST #C, WELLINGTON, CO80549Address: 3870 MOUNT OXFORD ST, WELLINGTON,80549-2234Price: $198000Date closed: 10/28/11

Seller: ROBERT J GECEVICHBuyer, buyer’s address: ROBERT CODUTI, 2942SOMBRERO LN, FORT COLLINS, CO 80525-2462Address: 2942 SOMBRERO LN, FORT COLLINS,80525-2462Price: $198000Date closed: 9/22/11

Seller: FANNIE MAEBuyer, buyer’s address: DENISE NICKLAY, 537DENNISON AVE, FORT COLLINS, CO 80526-3225Address: 537 DENNISON AVE, FORT COLLINS,80526-3225Price: $197000Date closed: 10/28/11

Seller: SISU INVEST LPBuyer, buyer’s address: MARCELLA D & ALFRE-DO CANAS, 396 EMERALD CT, LOVELAND, CO80537-2015Address: 396 EMERALD CT, LOVELAND, 80537-2015Price: $195000Date closed: 10/31/11

Seller: FEDERAL HOME LN MORTGAGE CORPBuyer, buyer’s address: PAUL E & NANCY E SIL-FVEN, 312 POLK DR, LOVELAND, CO 80538-2793Address: 312 POLK DR, LOVELAND, 80538-2793Price: $194900Date closed: 10/10/11

Seller: REBECCA J MARTINBuyer, buyer’s address: RICHARD J & BINITA NPASS, 1411 TRIBUTARY CT, FORT COLLINS, CO80521-1147Address: 821 APEX DR UNIT D, FORT COLLINS,80525-5331Price: $191000Date closed: 10/28/11

Seller: CANDACE LEINGANGBuyer, buyer’s address: V JANNINE BARRON,1855 S LOGAN ST, DENVER, CO 80210-3125Address: 202 HURON RD, RED FEATHER LAKES,80545-8944Price: $190000Date closed: 10/21/11

Seller: KENT SCOTT & KATHLEEN MARY CAMP-BELLBuyer, buyer’s address: MICHAEL J & JESSICA LAPOSTLE, 8276 STAY SAIL DR, WINDSOR, CO80528-7524Address: 3268 CNTY R 3, LOVELAND, 80538Price: $190000Date closed: 10/27/11

Seller: KORINA A BRIMBuyer, buyer’s address: TRAVIS M MASSEY,3843 JEFFERSON DR, LOVELAND, CO 80538-4831Address: 3843 JEFFERSON DR, LOVELAND,80538-4831Price: $190000Date closed: 10/28/11

Seller: WILLIAM & ELIZABETH A MCGRANERBuyer, buyer’s address: TRAVIS STEVEN & JAMIRODRIGUEZ, 431 TOWHEE ST, FORT COLLINS, CO80526-7004

Address: 431 TOWHEE ST, FORT COLLINS, 80526-7004Price: $189900Date closed: 9/16/11

Seller: JAMES W & PATRICIA M MCCULLYBuyer, buyer’s address: GARY E & CHRISTINE MPOLLARD, 1813 SUFFOLK CT, FORT COLLINS, CO80526-1224Address: 1813 SUFFOLK CT, FORT COLLINS, 80526-1224Price: $189000Date closed: 9/30/11

Seller: CHRISTOPHER & KRISTIN HOLTBuyer, buyer’s address: NANCI J GARNAND,4441 CHATEAU DR, LOVELAND, CO 80538-1591Address: 4568 MEAD PL, LOVELAND, 80538-1416Price: $185000Date closed: 11/2/11

Seller: KARIN G COWLESBuyer, buyer’s address: KYLE T DEGUZMAN,1020 FENWICK DR, FORT COLLINS, CO 80524-6444Address: 1020 FENWICK DR, FORT COLLINS,80524-6444Price: $184900Date closed: 10/28/11

Seller: ALFRED A SR BACABuyer, buyer’s address: DOUGLAS & WYNNEODELL, 1966 LAKEVIEW DR, FORT COLLINS, CO80524-1997Address: 304 E LINCOLN AVE, FORT COLLINS,80524-2506Price: $183500Date closed: 10/21/11

Seller: P M PROPERTY INVESTMENTS LLCBuyer, buyer’s address: CHRISTOPHER D &KRISTIN E HOLT, 1058 E 1ST ST, LOVELAND, CO80537-5830Address: 1058 E 1ST ST, LOVELAND, 80537-5830Price: $182500Date closed: 11/4/11

Seller: JOSEPH V HAMPTONBuyer, buyer’s address: MERRITT DAVIS, 821 SLINCOLN AVE, LOVELAND, CO 80537-6327Address: 626 W OLIVE ST, FORT COLLINS, 80521-2640Price: $180000Date closed: 11/4/11

Seller: PAMELA S BISHOPBuyer, buyer’s address: ADAM RUBIN, 234 NMCKINLEY AVE, FORT COLLINS, CO 80521-1738Address: 234 N MCKINLEY AVE, FORT COLLINS,80521-1738Price: $179900Date closed: 10/31/11

Seller: RITA M ANASTASIOBuyer, buyer’s address: KATHRYN WEICHMANN,3450 LOST LAKE PL UNIT K2, FORT COLLINS, CO80528-7056Address: 3450 LOST LAKE PL UNIT K2, FORTCOLLINS, 80528-7056Price: $179000Date closed: 10/26/11

Seller: CAROLINE M STEVENSBuyer, buyer’s address: SUSAN J SCHMICKLE,2007 EMPIRE AVE, LOVELAND, CO 80538-3653Address: 2007 EMPIRE AVE, LOVELAND, 80538-3653Price: $177000Date closed: 10/26/11

Seller: MARY J FICK MONTEITHBuyer, buyer’s address: DAVID D & KIMBERLY BBALDWIN, 334 E STUART ST, FORT COLLINS, CO80525-1439Address: 334 E STUART ST, FORT COLLINS,80525-1439Price: $175000Date closed: 9/27/11

Seller: CHARLES F & THEODORA M SNYDERBuyer, buyer’s address: LINDSAY J LUCAS, 501GOLDENEYE DR, FORT COLLINS, CO 80526-3603Address: 501 GOLDENEYE DR, FORT COLLINS,80526-3603Price: $175000Date closed: 10/27/11

Seller: THOMAS C HOFFMANNBuyer, buyer’s address: MATTHEW M & KELLY FAUCH, 1325 GLEN HAVEN DR, FORT COLLINS, CO80526-2440Address: 1325 GLEN HAVEN DR, FORT COLLINS,80526-2440Price: $175000Date closed: 10/26/11

Seller: JAMES R & CYNTHIA K CLARKBuyer, buyer’s address: STEVEN C & BARB ZHYLAND, 1904 OAKWOOD DR, FORT COLLINS, CO80521-4344Address: 1904 OAKWOOD DR, FORT COLLINS,80521-4344Price: $175000Date closed: 10/28/11

Seller: SPRUCE TOP LLCBuyer, buyer’s address: TIMOTHY G & JANICE EWHITE, 8220 W HOOVER PL, LITTLETON, CO 80123-3586Address: 544 LETITIA DR, RED FEATHER LAKES,80545Price: $173900Date closed: 9/15/11

Seller: JENNIFER & ERASMO OLBEDABuyer, buyer’s address: JEREMY & BRITNIGIRARD, 1152 S TYLER AVE, LOVELAND, CO 80537-8041Address: 1152 S TYLER AVE, LOVELAND, 80537-8041Price: $173000Date closed: 10/20/11

Seller: DARCY L & ELIZABETH L SPEERBuyer, buyer’s address: KELLY A MURPHY, 3930BOULDER DR, LOVELAND, CO 80538-2015Address: 3930 BOULDER DR, LOVELAND, 80538-

| FOR THE RECORD |

30 | Northern Colorado Business Report www.ncbr.com | Dec. 2-15, 2011

OFFICE1550 E. Harmony Road, 2nd floor

P.O. Box 270810

Fort Collins, CO 80527

800-440-3506 • 970-221-5400

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www.ncbr.com

NorthernColorado

BUSINESSREPORTE D I T O R I A L

COMMENTARYKeep taxpayersout of quest fordowntown hotelWe have good and bad news from the

hospitality front.First, the good news:Hotel occupancy figures in three

Northern Colorado cities were all up inOctober compared to the previousOctober, according to the ColoradoHotel and Lodging Association.The rate in Estes Park came in at 55.7

percent compared to 52 percent inOctober 2010. In Fort Collins, occupan-cy increased from 58.2 percent to 63.4percent, and in Loveland, the rate rosefrom 63.7 percent to 70.2 percent.Better yet, this trend isn’t unique to

our part of the state.After two very crummy years, the

occupancy rate statewide increasedfrom 61 percent in October 2010 to 63.5percent this October.The hospitality industry, in short,

appears to be turning the corner.Now here’s the bad news:The Fort Collins Downtown

Development Authority is once moretrying to lure a hotel developer to OldTown. The DDA would like to see a 180-room hotel with ballroom space.There’s nothing objectionable to that

per se – except that the DDA would liketaxpayers to help support the project.Building a downtown hotel makes

sense under the right circumstances. Butusing public dollars to do so makes littleto no sense.To its credit, the City Council has

offered nothing more than a green lightfor the DDA to renew its effort.We all should wish the DDA the best

of luck. It’s easy to imagine that a well-appointed, full-service hotel in the heartof downtown would offer a great placeto conduct business, meet with cus-tomers, have a nice meal.But in giving its OK, the council

smartly withheld support of any sort ofcity financing for a hotel.This question doesn’t exactly fit into

the debate over the proper role of gov-ernment, but it’s our view that, in mostcases, providing financing support forthe construction of a privately ownedhotel would fall outside the realm.Government already has a role to

play in so many areas of our livesincluding national defense, road main-tenance, education and the health andwellbeing of our poor and aged. But,generally speaking, getting into the realestate speculation game is betterreserved for companies willing and ableto take the risk, not government entitieswith an already-long list of obligations.Yes, there are instances where gov-

ernment can help in this sort of thing.For example, Denver’s bonding powerwas put to use in building the HyattRegency. That hotel, however, served asan anchor to a convention center, help-ing bring more convention business to

Access to capital is vital to the successof small businesses. Without it, smallbusiness can’t grow in a way that helpsthem create or retain jobs, both of whichare critical to the economic recovery ofour state.Yet, providing

small businesseswith loans that theycan’t repay doesn’thelp the business orthe economy.As the executive

director ofColorado LendingSource, a certifieddevelopment com-pany, I know hun-dreds of small busi-ness success storiesand how loans havehelped make those possible. I also amaware of the hazards associated withrisky loans and have seen the destructionthat results from them.Certified development companies are

nonprofit organizations set up to pro-mote economic development withintheir communities. They work with theU.S. Small Business Administration(SBA) and private sector lenders to pro-vide financing to small businesses.The SBA’s 504 loan program, which is

designed to help small businesses financethe purchase of commercial real estateand major equipment, accounts for themajority of loans we provide.There is no question that the SBA’s

504 loan program offers a very valuableresource for small businesses. But thatresource must be modernized in order toprotect small businesses in this fragileeconomy.The relatively low down payment

requirements and fixed long-term ratesbring these 504 loans within reach forbusinesses that might not be able toobtain other types of loans.But a significant problem with the

504 loan program is that it does notinclude any provisions to discourage cer-tified development companies frommaking loans to businesses that can’trealistically repay them.Under the current system, certified

development companies have nothing tolose by making bad loans. The SBA does-n’t hold them accountable in any way forthe loans they make to companies thatcan’t pay them back. At no point are theyrequired to prove that companies under-went in-depth loan review processes.Furthermore, many certified develop-

ment companies use commission-basedsalary structures for senior personnel.(Colorado Lending Source is probablyone of the few in the nation that doesnot pay commissions to any of itsemployees and yet it still functions effi-ciently and effectively, contrary to theWall Street perception that you need topay commissions to get the best people.)If employees are paid based on their

loan volume, basic economic theorywould predict that many (if not most) cer-tified development companies will processloans for short-term gains rather thanmaking responsible long-term 504 loans.The lack of accountability in the 504

loan program invites comparisons to thesub-prime mortgage loan packagers thathelped precipitate the Wall Street melt-down.And if we’ve learned anything from

that experience, it is that the model oftaking no responsibility for loans madesimply does not work in today’s economy.That is why Colorado Lending Source

is committed to an in-depth reviewprocess of every loan it awards. But the504 program isn’t structured in a waythat requires all participating lenders todevelop a thoughtful loan review process.Because SBA 504 loans are primarily

owner-user real estate loans, default rateshave historically been relatively low. Butin the current real estate and economic

PUBLISHERJeff NuttallDirect: 232-3131 [email protected]

NEWSEditorAllen GreenbergDirect: 232-3142 [email protected]

ReportersSteve PorterDirect: 232-3147 [email protected]

Molly ArmbristerDirect: 232-3139 [email protected]

Copy Editor/Web EditorNoah GuillaumeDirect: 232-3152 [email protected]

Chief ResearcherMariah GantDirect: 232-3149 [email protected]

MARKETINGDirector of Marketing and EventsDe DahlgrenDirect: 232-3132 [email protected]

Marketing/Events AssistantMelissa MatonisDirect: 232-3135 [email protected]

ADVERTISINGSenior Account ExecutiveLindsay GillilandDirect: 232-3133 [email protected]

Account ExecutivesJulie ConstanceDirect: 232-3148 [email protected]

Jill DeLearyDirect: 232-3145 [email protected]

CUSTOM PUBLISHINGCustom Publishing ManagerSandy PowellDirect: 232-3144 [email protected]

PRODUCTIONProduction ManagerBernie SimonDirect: 232-3140 [email protected]

Art DirectorChad CollinsDirect: 232-3141 [email protected]

ADMINISTRATIONOffice Manager / Front DeskTiffanie MooreDirect: 232-3130 [email protected]

CIRCULATIONCirculation ManagerJanet HatfieldDirect: 232-3146 [email protected]

A simple fix to helpsmall businesses succeed

GUESTCOLUMNMike O’Donnell

See GUEST COLUMN, 31See EDITORIAL, 31

‘Time to find common groundon immigration’Nov. 18, 2011

The recent guest column by AndyGrant — whom I recognize as a positiveforce within the local community — isjust another obfuscation of the facts. As Ihave no problem with those whom wishto enter this country legally, I do findthat Mr. Grant fails to mention the myr-iad of “legal” immigration programsavailable to farmers, albeit it requiresplanning and foresight.The H-2A workers (for farmers) cur-

rently has no annual cap on visas. “Thefirst step to hiring an H-2 worker fromoutside the U.S. is for the employer toapply for a temporary labor certificationwith the Department of Labor. Thesecertificates are designed to ensure thatthe admission of aliens to work in thiscountry on a temporary basis will notadversely affect the job opportunities,wages, or working conditions of U.S.workers. The employer is required to filethe labor certification with the I-129petition.”

Mr. Grant would suggest that the costto local economies in terms of health-care, education and legal enforcementfar outweighs the benefits of “illegals”within our borders. However, currentestimates are that illegal immigrationnow costs federal and local taxpayers$113 billion a year. The Fiscal Burden ofIllegal Immigration on U.S. Taxpayers isthe most comprehensive analysis of howmuch the estimated 13 million illegalaliens and their U.S.-born children costthe federal, state and local governments.Frommy perspective,Mr. Grant’s col-

umn is just another hallow call for per-sonal anarchy. What part of illegal doesMr. Grant not understand? Or is he aproponent of having us all turn a blindeye to a major security problem— as doour elected officials — by not upholdingthe 1986 Immigration Act.Given current economic times, Mr.

Grant and others in the agriculturalindustry might find that paying a com-petitive wage, adherence to currentimmigration laws and E-verify mightalleviate most of his hiring difficulties.

Stuart NeilFort Collins

Dec. 2-15, 2011 | www.businessreportdaily.com Northern Colorado Business Report | 31

58%

Should the U.S. Supreme Court uphold the NationalHealth Care Plan individual mandate?NCBR poll watch

No

42%Yes

These results reflect responses to theonline poll at www.ncbr.com Nov. 15-28.

Next question:

Are you planning to boost hiring in 2012?

Answer now at www.ncbr.com. Responses will beaccepted through Dec. 12.

LETTERS TO THE EDITORBusiness Report Events20

12

The time and place for business information, connections and celebration.Register and nominate at NCBR.com.

January 12, 2012At University of Northern ColoradoA lunch eventTitle sponsors: Kennedy and Coe; Monfort College ofBusiness, Guaranty Bank; Just Office Furniture; BetterBusiness Bureau; DaVinci Sign Systems

NOMINATIONS OPEN at ncbr.comMarch 8, 2012Union Colony Civic CenterAwards presentation and receptionTitle sponsor: Monfort College of Business; DaVinci SignSystems; Just Office Furniture; Palmer Flowers

April 5, 2012The Green Summit shows how business andenvironmental stewardship go hand-in-hand.Exhibit space & sponsorships available.Sponsored by: Kennedy and Coe; DaVinci Sign Systems;CSU Ventures, a subsidiary corporation of CSURF

May 3, 2012Awards program and cocktail-hors d’oeuvres receptionhonoring 100 fastest-growing, privately-held companies inNorthern Colorado.Sponsored by: Employer Solutions Group; DaVinci SignSystems

NOMINATIONS OPEN at ncbr.comAugust 8, 2012A breakfast celebration honoring women’s contributions toNorthern Colorado. Nominations open.Go to NCBR.com.Marketing sponsor: The Mantooth Company.

September 13, 2012Embassy Suites, LovelandExhibit spaces and sponsorships available.

For the 8th year Northern Colorado’s largest businessbuilding exposition. Sold out in 2011. Booth reservations,sponsorships and workshops for 2012 available.Sponsored by: CSU Ventures, a subsidiary corporation ofCSURF

NOMINATIONS OPEN at ncbr.comSeptember 13, 2012At Bixpo — Embassy Suites, LovelandAward Title sponsors: Kennedy and Coe

September 13, 20125:30 – 7:30 p.m.Embassy Suites, Loveland

The best business party of the year. Sponsorships for 2012are now open.

Put your company in the winners’ circle.With sponsor levels that fit a range of budgets there is anevent package for every company to use in buildingrelationships and creating business growth. To learn abouthow NCBR Events fit into your marketing plan call DeDahlgren, NCBR marketing director, at 970-232-3132,or send an email to [email protected].

www.NCBR.com

slump, this is no longer the case.Default rates have exceeded 9 percentand bad certified development loanshave resulted in millions of dollars oflosses for the SBA.In the short term, this creates a bur-

den for taxpayers. In the long term, itcould result in higher fees for futureusers of the 504 loan program andthose fees could, unless the practicescease, make the program a less attrac-tive financing tool for small businessesin the years and decades to come.It is obvious to me that the certified

development company program is bro-ken.A simple fix could be legislation that

requires certified development compa-nies who originate 504 loans to share

some of the risk.Not surprisingly, many industry

groups oppose the idea of certifieddevelopment companies being in anyway shape or form financially responsi-ble for the loans that they make.But times have changed.The reality is that we’ve all seen the

havoc that lack of personal responsibili-ty can create. Simply put, if certifieddevelopment companies have skin inthe game, they will make better loans.The benefit of this will trickle from

small businesses to the nation as whole.As we embark on the road to economicrecovery, we have a perfect opportunityto improve our system and help smallbusinesses succeed.

O’Donnell is executive director ofColorado Lending Source, the largestlender of its kind in the state.

O’DONNELL, from 30

Denver, which, in turn, helped fill theHyatt.At the moment, we happen to lack a

convention center.There’s a question of fairness in all

this, too.If youwere the owner of theHilton Fort

Collins or any other hotel in the vicinity,how youwould feel if the city helped pay to

bring a new competitor to the market?Hotels are just now beginning to see

an improvement in their occupancyrates. But they still have a long way to go.It’s fine if one of the national hotel

chains or one of their franchisees wantsto build a downtown hotel. But if theonly way to get this hotel built is throughloan guarantees by the city or years ofspecial tax breaks, then it shouldn’t bebuilt, especially at a time when the econ-omy is still so fragile.

EDITORIAL, from 30

Everyone deserves to have healthcare and not worry if they aresick. How can anyone be against healthcare? It can only be people thathave insurance that are against it.What has happened to us as humanbeings? Sad.

Damaris

POLL COMMENTS

Bravo! EntrepreneurAward NominationHere is all you need to do nominate anindividual or organization. And by the way,it is perfectly acceptable to nominate:

•yourself

•someone you work with

•the organization you work for

NOMINATIONS MUST BE RECEIVED BYJANUARY 2, 2012

For which award are you submitting thisnomination?

❏ Bravo! Entrepreneur – Loveland

❏ Bravo! Entrepreneur – Fort Collins

❏ Bravo! Entrepreneur – Greeley

❏ Bravo! Entrepreneur – SurroundingCommunities

❏ Emerging Entrepreneur

❏ Lifetime Achievement

❏ Regional Spirit

Tell us the individual’s name.

____________________________________

At what company is she or he employed?

____________________________________

What’s his or her title?

____________________________________

What is the telephone number and emailaddress for this person?

Telephone ___________________________

Email ______________________________

On a separate page supply a briefdescription of the company, andtell us why this person or companyshould be nominated for a Bravo!Entrepreneur Award.

What year was the company founded?

____________________________________

The last part is to give us your name, atelephone number and an email address.

That’s it. The NCBR research departmentwill add relevant information to yournomination, and the entire packet ofinformation will be given to the Bravo!Entrepreneur evaluation panel.

Your name __________________________

Telephone number ___________________

Email address _______________________

Send your nomination to:

By mail: Events DirectorNorthern Colorado Business ReportP.O. Box 270810Fort Collins CO 80527

Online: ncbr.com

Questions: Call De Dahlgren,970.232.3132

Nominations are open!ncbr.com Deadline January 2, 2012

All fourcommunity Bravo!Entrepreneurs mustmeet these criteria:

» The entrepreneur must be theindividual who was the founderof the business or has beeninstrumental in its growth.

» The company the entrepreneurfounded or developed must bebased or have been founded inLarimer or Weld County.

» The business’ origin should haveincluded vision, risk and creativity.

» The entrepreneur’s company shouldbe profitable.

» The entrepreneur and the companyshould be contributing to thecommunity through charitableand/or leadership roles.

» The company must havedemonstrated innovative employeeprograms and corporate culture.

» The company should havedemonstrated an ability toovercome adversity.

» The company should havedemonstrated significant growthand long-term potential.

The EmergingEntrepreneur mustmeet these criteria:

» The criteria for the communityBravo! Entrepreneur awards applyto this category.

» The additional requirement is thatthe company must have been inbusiness five years or less.

The LifetimeAchievement Awardwill be given toan individual whomeets this standard:

» In addition to being anentrepreneur this individual willhave at least 10 years experiencein the Northern Colorado businesscommunity.

The RegionalSpirit Award willbe presented toan individual ororganization:

» Who has demonstrated acommitment to regionalization ofthe Northern Colorado economy.

Today, nobody knows who

the 2012 honorees

will be except you.

You know the people

and organizations

who exemplify the

entrepreneurial

spirit. We need you

to tell us who among

your associates and

colleagues deserves

recognition based on

meeting these Bravo!

Entrepreneur criteria.

On March 8, 2012,» Four Northern Colorado individuals will be honored for their entrepreneurial spirit at the Bravo!

Entrepreneur Awards.

» One person who has a least 10 years of experience in the Northern Colorado market will be recognized witha Lifetime Achievement, and…

» One organization or individual demonstrating a commitment to economic regionalization in NorthernColorado will be presented with the Regional Spirit Award.

NOMINATIONS MUST BE RECEIVED BYJANUARY 2, 2012

EventArchitect:

EmeritusSponsor:

TitleSponsor:

MarketingSponsor:

PresentingSponsor:

If it seems everyone you know is usingsocial media, you’re almost right. Nielsenrecently released a report on the state of socialmedia and found 80 percent of U.S. Internetusers use social media or read blogs. The studyalso found that 40 percent of consumers findsocial media content using their phones, andthe number of people 55 and older using socialmedia on their mobile devices has more thandoubled.

This proliferation of people reaching out toother people may be great for everyone’s sociallife, but it has created new dilemmas in theworkplace — to permit employees use theInternet or not?

The use of the Internet at work, and nowmore specifically the use of social media, hasalready made its way into America’s court-rooms. Demonstrating that lawsuits involvingemployers, employees, and social media arestill evolving, a National Labor RelationsBoard (NLRB) judge in September ruled aNew York nonprofit must re-hire five employ-ees who were fired after complaining abouttheir jobs on Facebook. The judge found thatthe employer’s discharge of the five employeeswas unlawful and ordered them to be reinstat-ed with backpay.

Although logic seems to say that everycompany should have an electronic media usepolicy to avoid a legal battle, Leah P.VanLandschoot, managing member of TheLitigation Boutique LLC, recommends givingcareful consideration to a potential Internetuse policy before you put one in place.

Does every company need an electronicmedia use policy? Yes, and no, saysVanLandschoot, and the final answer dependson your company’s goals. There are fewinstances where she would recommend nothaving a policy. For example, if a companyisn’t going to enforce a policy or isn’t going toenforce it consistently, it’s better from a legalstandpoint not to have one at all. “Lack ofconsistency begets liability,” VanLandschootsays.

Regardless of whether a company wants toencourage or discourage Internet usage, somesort of policy is the way to go. In fact,VanLandschoot recommends incorporating apolicy on electronic media use into an existingcode of conduct which likely already coversparameters of appropriate employee behavior.Extending those parameters into employees’social networking and Internet use is a naturaland intuitive step.

Policy ContentVanLandschoot has a few recommenda-

tions on what a basic electronic media use pol-icy might contain:

Acknowledgment. After employees haveread the policy, have them sign and date it,demonstrating their acknowledgment andacceptance of its terms.

Authority. Outline for employees whattheir authority is, or lack of, to speak on behalfof the company.

Parameters. Address what types of web-sites employees may or may not visit, and ifthey can do so on-the-clock. Some organiza-tions, such as Internet-based businesses, maywant to encourage social media use. If anemployer wants to limit access to certain sites,this should be addressed in the policy.

Monitoring. Employers should informemployees if they will monitor Internet usagefrom time to time. Employees will be givingpermission to do so by signing the acknowl-edgment at the end of the policy.

Discipline. If you have a policy, outlinewhat disciplinary measures are in place for aviolation. Follow the policy consistently withall employees.

Policies in ActionAnton Collins Mitchell LLP (ACM) imple-

mented an electronic use policy about a yearago when social media websites really took off.ACM’s Human Resource Manager KristinHolthus said the firm wanted to make sure itcovered both employees and the firm to makesure employees were using sites appropriatelyand not putting themselves, or the firm, atrisk. “We did not have any specific incidentsthat required us to create the policy. Whensocial media websites started being used more,we wanted to be proactive and help ouremployees understand how they should beusing these sites regarding our firm and infor-mation they posted,” she says. “For example,we do not allow our employees to post com-pensation information on these types of sites.”

ACM’s guidelines were developed inresponse to the firm’s acknowledgment that,

due to the nature of public accounting,employees spend a lot of time at the office,Holthus says. The firm’s policy allows employ-ees to take care of personal online transactions,such as banking and checking personal e-mail,as well as using websites, such as Facebook,during office hours. “We do have the ability tomonitor time spent on the Internet. While ouremployees are working in our offices, we askthem to keep Internet usage to a minimum,such as checking in the morning, on theirlunch hour, or just once or twice during theday,” she says. “Limiting use on these types ofwebsites also helps us to keep costs down withrespect to purchasing additional bandwidth.While our employees are working at clientlocations, we ask that they not access thesetypes of Internet sites. Most of our clients alsohave the ability to monitor Internet usage.”

ACM’s two-page written policy includes asignature page and covers things like Twitter,social media sites, YouTube, blogs, onlineshopping, e-mail message forwarding, andspam messaging. The firm’s information tech-nology department generated the policy whichwas then reviewed and approved by manage-ment.

The City and County of Denver has devel-oped the Information Technology AcceptableUse Policies and Procedures document. Itapplies to all employees, contractors, vendors,and other authorized individuals who utilizeany information technology, electronic, orother communication device owned and pro-vided by the City and County of Denver. Italso covers anyone who is granted access to anyLocal Area Network and/or Wide AreaNetwork or other service maintained and pro-vided by the City and County of Denver. Thepolicy addresses topics such as access to elec-tronic devices, e-mail usage, Internet usage,security of devices, and how violations will behandled.

Natalie Rooney is a free-lance writer withthe Colorado Society of CPAs. She can bereached at (970) 328-1895 or [email protected].

An advertising supplement to the Northern Colorado Business Report � December 2-15, 2011

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PREPAREABUSINESS FORSALE/BUSINESSVALUATIONSERVICESYour balance sheet may make perfectsense to you, but could be a mystery to apotential buyer. Get some help inpresenting your business in a way thatothers understand. An important part ofthe sale of any business is having crediblefinancial information on which a potentialbuyer can rely. Annual financialstatements prepared by a CPA are animportant part of this process. In additionto historical cost-based financialstatements, an estimate of value based onanticipated cash flows can help you realizethe full value of your business.

TAXPLANNINGFORMAJORTRANSACTIONSOne of the CPAs most valuable services isto help plan major business transactionswith a view toward minimizing the taximpact of a proposed course of action.Often a proposed transaction may berestructured in a way that has less tax costbut achieves the desired result.

INVESTMENTADVICEA CPA can help you plan a rationalallocation of investment assets, and manyCPAs are licensed to make specificinvestment recommendations. Anindependent review of investment assets isa valuable service that a CPA can provide.

This is just a partial list of services whichCPAs provide to the business community.The common thread for all servicesoffered by CPAs is independence andobjectivity. Our profession demands thatthe clients’ interests come first. Perhaps areview of your needs with your CPA is inorder.

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What has your CPAdone for you lately?

CPAs are known to most in the business world as a source of tax compliance andfinancial reporting services. These traditional services continue to be the bread andbutter of the CPA profession. But CPAs can also perform additional services forclients which are not as widely known but add value to the relationship between theCPA and the client. Some examples of these “value added services” are listed below.

The amount of unclaimed property in theUnited States is estimated by some to be $30billion to $40 billion. And that likely does notinclude the amounts not reported or perhapsnot even turned in to state governments. TheColorado State Treasurer currently maintains alist of over 1.7 million names of individualsand businesses to whom property is owed butis unclaimed. Some states refer to these prop-erties as “treasure” available to citizens.Colorado refers to it as the Great ColoradoPayback.

All states have unclaimed property lawsthat require the reporting and conveying ofunclaimed property to the state by all compa-nies and businesses. All are derived frommedieval escheat laws under which all lostproperty went to the crown and local lords.Unlike the ancient laws, today this property isheld by the state for the rightful owners.Generally, laws in all the states are very similar,though there are differences. Knowing theunclaimed property laws in every state inwhich you do business could be critical to thesustainability of your business. Some wouldclaim that this is important today becausestates are hungry for revenues.

Common unclaimed assets held by compa-nies include:

� Checking accounts� Oil and Gas Royalties� Utility Refunds� Safe Deposit Boxes� Payroll Wages

� Stocks and Bonds� Uncased Insurance Checks� Money Orders� Security Deposits

How do the laws work?After a certain period of time, businesses

(the property “holder”) must file a report withthe state that provides information about theowner of the unclaimed property, such as theowner’s name, last known address, descriptionof property, etc. Then the holder must conveythe property to the state. The state then holdsthe property in perpetuity. In time, the statewill sell the non-cash property for cash. Thestate maintains a public list of unclaimed prop-erty, inviting the owners to claim the property.Money or property turned over to the State forsafekeeping always belongs to the owner orheirs of the account and there are no time lim-its for filing a claim. Periodically, the state mayuse a portion of the unclaimed cash knowingthat a substantial amount will never beclaimed, even though it is still owed to therightful owner in perpetuity. The state basessuch a transfer on historical statistics.

How does it work in Colorado?Colorado’s unclaimed property laws are

contained in the Colorado Revised Statutes38-13, also known as the Unclaimed PropertyAct. The act contains rules for delay of report-ing (called the dormancy period) reporting,remitting property, levying interest and penal-

ties for compliance failure and the handling ofunclaimed property by the state administrator(Colorado Treasurer’s Office). The act specifiesthe handling by holders for all major types ofassets. The rules and the specifics are tailoredto each class of asset. For example, the dor-mancy period varies by property type: Moneyorders – 7 years; outstanding checks – 5 years;property held by fiduciaries – 3 years; utilitydeposits – 1 year; gaming chips – N/A.

So, what are the hazards?Many companies, especially smaller ones,

are unaware of or may just ignore the filingand property remission requirements. Forexample, un-cashed checks are often simplyerased from the outstanding check list andeffectively taken into income. Unclaimed oiland gas royalties are carried on the books asliabilities for years but not be timely remitted.Unfortunately, if discovered by the Treasurer’soffice in an audit, these actions can result ininterest and penalties. Delays beyond the pre-scribed dormancy periods in Colorado are asfollows:

Failure to deliver the property timely asprescribed results in interest at 18% of theproperty’s value and a penalty of 25% of theproperty’s value.

Failure to properly report unclaimed prop-erty after the dormancy grace period results ina penalty of $100 per day with a maximum of$5,000.

Willfully refusing to remit property after a

demand from the Treasurer’s Office results in acivil penalty of three times the value of theproperty plus other possible civil penalties.

To avoid these problems, companies shouldestablish special policies to detect unclaimedproperty on an annual basis and establish con-trols to insure the filing of reports with the stateon a timely basis. This burden often falls on acompany’s internal auditors and accountants.

External CPA’s, and especially auditors,should maintain current knowledge ofunclaimed property laws in order to detect andadvise companies on the existence of potentialliabilities. Failure to do so can result in messylitigation. For private and public companies,SFAS 5 (now ASC 450), Accounting forContingencies, requires disclosure of, and pos-sibly recording, material unclaimed propertyliabilities. Under Sarbanes-Oxley, public com-panies must have controls to detect all materi-al liabilities, including those related tounclaimed property, to be in compliance withsecurities laws.

For more information, visit the NationalAssociation of Unclaimed PropertyAdministrators at www.unclaimed.org and theGreat Colorado Payback atwww.colorado.gov/treasury/gcp/.

James Boak is an audit partner in theDenver office of Eide Bailly LLP. He is a mem-ber of the Colorado Society of CPAs PublicCompany Forum and Editorial Board. He canbe reached at [email protected].

The Hazards of Unclaimed Property

Dec. 2-15, 2011 | www.businessreportdaily.com Northern Colorado Business Report | CPA - 3An Advertising Supplement to The Northern Colorado Business Report

Compared to this time last year, taxpayers have less anxiety about the short-term outlook for thetax law. However, In light of the temporary certainty tax planning for this year end and 2012 iscritical. After 2012, many favorable tax provisions will either expire or return to the 2001 rules.Here are a few ideas that may still save taxes this year.

Conversion to Roth IRAs – Roth conversions were an important tax planning option last year, inpart due to the one-time option to defer paying tax on the conversion. If you made the deferralelection in 2010, youmust now report half the income in 2011 and half in 2012. Current or prior-year net operating losses, unused tax credits and deductions that lower your adjusted grossincome can help to reduce the resulting tax bill. If you passed on the conversion last year, youstill have time to decide if a full or partial conversion makes sense for you this year. However, for2011 conversions the entire taxable amountmust be reported on your 2011 tax return as the two-year spread of income was only available for 2010 conversions. For an additional tax-reducingmeasure, consider a transfer of your investments from your traditional IRA to a Roth during amarket dip. This strategy will allow you to capture the after-conversion growth without owingadditional tax.

Minimum Distributions - Are you already required to take withdrawals from your retirementaccount? The required distributions from your traditional IRA increase your adjusted grossincome (AGI). In turn, an increase in your AGI increases the taxable amount of your social securitybenefits. To reduce this impact take only the minimum distributions from your traditional IRA.Use nontaxable Roth distributions or capital gain/loss harvesting in your taxable accounts tosupplement your income. Alternatively, this year youmay consider making a qualified charitabledistribution of up to $100,000 from your traditional IRA. This donation will count toward yourrequired distribution and does not increase your AGI.

Prepay college tuition for 2012 – Consider prepaying college tuition that you will owe the firstsemester of 2012. Expenses paid for you, your spouse or your dependents will count on your2011 return if you qualify for education tax credits. Breaks include the American OpportunityCredit, which can reduce your tax bill by up to $2,500 and is partially refundable.

Assess the equipment needs for your business - 2011 may be the last-chance opportunity forbusiness owners to take advantage of an enhanced deduction: The 100% bonus depreciationis scheduled to expire on December 31st. The increased Section 179 expensing deduction of upto $500,000 will also decrease next year. Consider these benefits when assessing your assetpurchase plan before year end to maximize your 2011 deductions. Planning for use of thesewrite-offs also requires consideration of the condition of the equipment, and if your businesswill report a net income. The Section 179 deduction applies to both new and used property, butit is limited to net business income. Bonus depreciation only applies to new assets, but thededuction is not limited.

Claim the Last of the residential energy credit – now is the time to install certain energy efficientproperty in your home because this credit is set to expire December 31, 2011. Qualifying energy-efficient property includes insulation, doors, and windows for a federal tax credit of up to $500.Remember that this $500 credit is an aggregate total credit, so it will include amounts you claimedin prior years.

WORKING HARDTO PROVIDE YOU

THE BESTSERVICE FOROVER 30 YEARS!

How to Shop: A Guide to Saving Money,Eating Healthy, and Helping the Environment

Americans spend $1.5 billion dollars a dayon groceries; the typical family of four spendsaround $100 a week. There are roughly 50,000products competing for your attention in atypical grocery store.

Today more than ever, it is essential to besavvy, smart shoppers. We are bombarded withmarketing pitches everywhere we turn; onshopping carts, magazines, television, and atthe movies.

How can you make the best choice for youand your family? How can you save money atthe grocery store, eat healthy, and help theenvironment?

Use store circulars — know the salesEach week your local store circular arrives

in the mail or newspaper. You also can pickone up at the front of the store when you go in,or surf the web before you shop. Search “com-parison shopping grocery” for sites with storecirculars, and coupons to print. One of myfavorites is MyGroceryDeals.com.

Stores put their “loss leaders” — items thatare sold below cost to attract you into the store— on the front page of the circular along withfruits and vegetables that are “in season.”These are the best buys for the week.

Savvy shoppers understand a store’s pricingand signage. If a store advertises “10 for $10,”you don’t have to buy 10 to get the sale price; youcan buy one for $1.00. Another cleverly wordedsale is, “buy one get one free.” You can get one at50% off; you don’t need to buy two to get the saleprice. If you are unsure, ask the manager.

Most importantly, only buy items you nor-mally eat or use. Only buy as much as you will

be able to use before the product’s expiration,otherwise, it isn’t a great buy.

Buy freshAfter reviewing the store circular for the

best buys of the week, it’s time to choose itemsbased on fresh produce that’s in season. Foodsin season are typically priced to sell. Shop yourlocal farmers market for great deals on pro-duce; the prices won’t include shipping costsand you’ll be supporting your neighborhood.

Freeze vegetables such as broccoli or cauli-flower by bringing water to a boil, blanch (for30 seconds) and freeze in storage bags. Theycan be used during the off season when thesame produce will cost much more. Freezefruit (berries, grapes, bananas) for use in cook-ing, as a snack, or for smoothies.

Plan your menus for the weekUse a shopping list, and try to shop for gro-

ceries once a week. This costs less than lastminute stops during the week, which oftenresult in impulse purchases, adding to yourgrocery expense.

If planning menus is new, start with a dayor two a week, and build from there. Have funwith it. The web offers great new recipes to try.Many sites feature money-saving recipes thatare easy, delicious, and fun to make.

Compare unit priceWhen you shop, do you look at the unit

price before you purchase? Do you even knowwhere to find it or how to use it? Most storesprovide the information on the shelf stickerdirectly below the item. It provides a descrip-

tion of the item, cost, and the unit price. Theshelf sticker makes your job easy, but you haveto do a little bit of work. Don’t compare the“ticketed price;” rather, compare the “unit ofmeasure” such as cost per ounce, quart, gallon,pound, or any other unit of measure.

Let’s take a look at a bottle of salad dress-ing:

With this example it’s more expensive tobuy the 24 oz. size. Bigger is not always better.If you buy salad dressing routinely, buy twosmall bottles, rather than the large bottle.Overall, you’ll save money.

Unit cost is especially important at mem-bership warehouse clubs. You can find bar-gains, but you must know your unit cost, andwhether or not you’ll be able to use most of the“bulk” item purchased. If you throw awaymost of the item because you aren’t able to useit before it spoils, you don’t save any money.

A warning about packagingThe current trend for manufacturers is to

keep the same sized packaging and productprice, but downsizing the quantity of productinside the package. This trend is most com-monly seen in cereal, paper products, babyfood, coffee, and cleaning products.

We’re used to purchasing our most com-monly used products, so we toss them into ourcart. Taking a few extra moments to check out

how much product is actually inside the pack-age will help insure you’re getting what youthink you have purchased in the past.Downsized packages are designed to be unno-ticeable to most consumers. Knowing the unitprice will help you determine if it’s still themost economical.

You can save money by buying bulk oreconomy size as long as you use the entireitem. Items such as snacks, nuts, beans, driedfruit, rice, and grains are good examples. Makeyour own packages using snack bags ratherthan buying it prepackaged. It saves moneyand you control the portion size.

Recycle plastic storage bags, paper, andglass when possible. You save money and helpthe environment.

Grocery shopping managementDon’t go grocery shopping when you’re

hungry. You’ll likely buy items that aren’t onyour list and you’ll find that you addunhealthy items to your cart. Always shop witha full stomach!

Shop the perimeter of the store. The healthyunprocessed foods are found around the out-side: fruits, vegetable, meat, and dairy. Mostinterior isles contain prepackaged and processedfoods: cookies, snack foods, and soda. Not onlyare they less healthy, but buying prepackagedproducts come with a higher price tag.

Know your aisles. Higher priced items areplaced at eye-level. Items which appeal to chil-dren are placed lower, at their eye level. If youneed an item from an aisle, park your cart atthe end, grab the item and resume shopping.

Size Ticket Price Unit Cost

16 oz $1.88 11.8 cents/oz

24 oz $3.17 13.2 cents/oz

See How to Shop, page CPA-7

CPA - 4 | Northern Colorado Business Report www.ncbr.com | Dec. 2-15, 2011An Advertising Supplement to The Northern Colorado Business Report

Largest CPA FirmsRanked by no. of local accountants

RANKPREVRANK

COMPANYADDRESSPHONE/FAX

NO. CPAS LOCAL 2011NO. CPAS TOTAL 2011NO. OFFICES LOCALNO. OFFICES TOTAL

EMPLOYEES 2011EMPLOYEES 2010

% BUSINESS AUDITING% TAX MANAGEMENT

% CONSULTING AREAS OF SPECIALTYE-MAIL

WEB SITE

PERSON IN CHARGETITLE

YEAR FOUNDED

1 1

SAMPLE & BAILEY CPA PC375 E. Horsetooth Road, Bldg. 4, Suite 200Fort Collins, CO 80525970-223-8825/970-223-0817

242411

4138

30%70%0%

Tax and tax planning, audits, reviews,compilations, financial/retirement planning,

business [email protected]

www.sampleandbailey.com

Denise JulianaRoger L. Sample

Managing shareholderPresident

1979

2 3

KENNEDY AND COE LLC6125 Sky Pond Drive, Suite 200Loveland, CO 80538970-685-3500/970-663-0223

22230

18

3425

N/A%N/A%N/A%

Business consulting, accounting and auditservices, estate, finance and retirement

planning. Industry expertise in the areas ofmanufacturing, construction, agriculture,

biofuels, financial institutions, and professionalservices.

[email protected]

Jeff WaldMember

1932

3 2

EKS&H1321 Oakridge DriveFort Collins, CO 80525970-282-5400 /970-282-5499

21210

13

3229

50%39%11%

Audit, tax planning and business consultingservices, including financial modeling, business

valuation, strategic planning, businesstransition planning and real estate cost

segregation.

[email protected]

Chris OttoPartner

2005

4 4

ANDERSON & WHITNEY PC5801 W. 11th St., Suite 300Greeley, CO 80634970-352-7990/970-352-1855

151511

2828

40%40%20%

Agriculture, litigation support, smallbusinesses consulting, financial and estate

planning, retirement planning, auditing variousindustries including nonprofit, banking, health

care, local government.

[email protected]

Larry AtchisonPresident

1968

5 5

SOUKUP, BUSH & ASSOCIATES CPAS PC2032 Caribou Drive, Suite 200Fort Collins, CO 80525970-223-2727/970-226-0813

131311

1619

11%%76%%13%%

Tax, business valuation, cost segregation,auditing and accounting.

[email protected]

Scott BushPresident

1989

6 7

BROCK AND CO. CPAS PC3711 JFK Parkway, Suite 315Fort Collins, CO 80525970-223-7855/970-223-3926

73715

5050

N/A%N/A%N/A%

Construction, real estate investors/developers,tax and estate planning, high net worth

individuals, business advisory services, audits,reviews and compilations, audits of employee

benefit plans.

[email protected]

Susan R. JohnsonDirector

1956

7 9

BARTELS & CO. LLC CPAS7251 20th St., Bldg. D-1Greeley, CO 80634970-352-7500/970-352-2281

6611

1010

N/A%N/A%N/A%

Tax planning and preparation, audits, reviews,compilations, bookkeeping; various industries

including oil and gas, construction, retail,restaurants, manufacturing, nonprofitagencies, physicians, attorneys, small

business, estate planning.

[email protected]

Richard J. BartelsManaging partner

1990

8 11

HUNT, SPILLMAN & ASSOCIATES PC125 S. Howes St., Seventh FloorFort Collins, CO 80521970-482-2272/970-482-3231

6611

99

N/A%N/A%N/A%

Business consulting, litigation support, estateplanning, auditing, tax planning, preparation

and compliance, special [email protected]

www.huntspillman.comRobert J. Hunt

Director1969

9 NR

GATES, KIRBY & CO. PC300 E. Boardwalk Drive, Bldg. 5BFort Collins, CO 80525970-226-1704/970-223-0157

5511

88

8%70%10%

Individual tax return preparation and planning,corporation and partnership tax return

preparation and planning. Audits, reviews andcompilations. QuickBooks and general business

consulting.

[email protected]

Tom L. GatesPresident

1984

10 12

HALLIBURTON, HOGSETT, SCOTT &ASSOCIATES PC873 N. Cleveland Ave.Loveland, CO 80537970-667-5316/970-667-2269

5511

88

20%75%5%

Audits, financial statements, new businessconsulting, tax planning and preparation,

estate [email protected]

Dennis J. HogsettCPA1965

11 8

KNEZOVICH AND WILLIAMS CPAS LLC109 Coronado CourtFort Collins, CO 80525970-224-9900/970-377-6767

5511

77

N/A%N/A%N/A%

Business valuations, tax and accountingservices for small businesses and their owners

and [email protected]

Paul WilliamsManaging member

1982

12 NR

HANNA, HOLDREDGE & ASSOCIATES CPAPC365 E. 27th St.Loveland, CO 80538970-667-2555/970-669-9494

4411

1010

0%75%25%

Business planning, tax preparation,bookkeeping services and Quickbooks

[email protected]

Linda L. HoldredgePartner

1978

Region surveyed includes the City of Brighton and Larimer and Weld counties.N/A-Not Available.NR-Not Previously Ranked.

Based upon responses to Business Report survey researched by Mariah GantTo be considered for future lists, e-mail [email protected]

Accountability at its Finest

• Tax Planning/Preparation •• QuickBooks Services •• Reviews - Compilations •• Cash Flow Management •

• Business Valuation •• Strategic Business Planning •

• Succession Planning •• New Business Formation •

• Estate Planning •

1635 Foxtrail Dr.Loveland, CO 80538Office: 970-776-4344

155 E. Boardwalk Dr. #505Fort Collins, CO 80525Office: 970-488-1888

There are a number of end of year tax strategies businesses can use toreduce their tax burden for 2011. Here are some of the best options.

Call Us FirstThese are just a couple of the year-end planning tax moves that could make a substantial differencein your tax bill for 2011. But the best advice we can give you is to give us a call. We'll sit down withyou, discuss your specific tax and financial needs, and develop a plan that works for your business.

Partnership or S Corporation Basis. Partners orS corporation shareholders in entities that have aloss for 2011 can deduct that loss only up to theirbasis in the entity. However, they can take steps toincrease their basis to allow a larger deduction.Basis in the entity can be increased by lending the

entity money or making a capital contribution bythe end of the entity's tax year.

Caution: Remember that by increasing basis,you're putting more of your funds at risk. Considerwhether the loss signals further troubles ahead.

Section 179 Expensing. Business should takeadvantage of Section 179 expensing this year for acouple of reasons.First, is that starting in tax year 2010and continuing into tax year 2011, the maximumSection 179 expense deduction for equipmentpurchases increased to $500,000 ($535,000 forqualified enterprise zone property) and the bonusdepreciation increased to 100% for qualified property.Beginning in tax year 2012 however, the Section 179deduction is scheduled to drop to $125,000 and thebonus depreciation to be reduced to 50 percent andthen be phased out completely.In other words, in 2011 businesses can elect to

expense (deduct immediately) the entire cost of

most new equipment up to $500,000 (subject to adollar-for-dollar reduction in that $500,000 forproperty placed in service that exceeds themaximum amount of $2,000,000).Qualified property is defined as property that you

placed in service during the tax year and usedpredominantly (more than 50 percent) in your tradeor business. Property that is placed in service andthen disposed of in that same tax year does notqualify, nor does property converted to personal usein the same tax year it is acquired.Please contact our office if you have any

questions regarding qualified property and bonusdepreciation.

Pisacka, Baker & Associates, LLCFort Collins – Loveland – Laramie, WY970-488-1888 or 970-776-4344www.pisackabaker.com

Prompt, Professional& Personal Service

Purchase New Business Equipment

Another Year-End Move To Take Advantage Of

PISACKA, BAKER& ASSOCIATES, LLC

Dec. 2-15, 2011 | www.businessreportdaily.com Northern Colorado Business Report | CPA - 5An Advertising Supplement to The Northern Colorado Business Report

Largest CPA FirmsRanked by no. of local accountants

RANKPREVRANK

COMPANYADDRESSPHONE/FAX

NO. CPAS LOCAL 2011NO. CPAS TOTAL 2011NO. OFFICES LOCALNO. OFFICES TOTAL

EMPLOYEES 2011EMPLOYEES 2010

% BUSINESS AUDITING% TAX MANAGEMENT

% CONSULTING AREAS OF SPECIALTYE-MAIL

WEB SITE

PERSON IN CHARGETITLE

YEAR FOUNDED

13 NR

NORCO CPAS LLC6500 29th St., Suite. 260Greeley, CO 80634970-351-7480/970-351-8990

4411

9N/A

N/A%N/A%N/A%

N/A [email protected]. norcocpas.com

Dianne SpencerOwner

14 13

RUESCH, BIDDLE, LARSON & RATLIFFCPAS LLC3535 W. 12th St., Suite DGreeley, CO 80634970-353-1798/970-353-1799

4411

77

0%75%10%

Individuals, agriculture, small business, trustsand estates.

[email protected]

William R. RueschPartner

1981

15 19

B. SUE WOOD AND ASSOCIATES PC527 Remington St.Fort Collins, CO 80524970-482-5626/970-482-5629

4411

65

N/A%N/A%N/A%

Accounting services. N/Awww.bswpc.com

B. Sue Wood1990

16 NR

UNIFY CPAS PC185 N. College Ave.Fort Collins, CO 80524970-484-9655/970-232-1475

3311

1210

0%80%20%

Small to medium business, start-ups,restaurants, retail, payroll, profit

enhancement, Quickbooks consulting and taxplanning.

[email protected]

Stephanie KimakPartner

1981

17 15

ANTON COLLINS MITCHELL LLP3545 W. 12th St., Suite 201Greeley, CO 80634970-352-1700/970-352-1708

34112

89

N/A%N/A%N/A%

Audits of governmental entities, nonprofitorganizations, and companies in the

construction and high-tech industries.Personal and business income tax preparation

and consulting.

[email protected]

Dan SchommerRandy Watkins

Partners1978

18 NR

HOOVER HARRIS & CO.4075 W. 11th St.Greeley, CO 80634970-352-1642/970-352-0284

3311

8N/A

10%50%N/A%

Agriculture, trucking, payroll, small business. [email protected]

Wayne HooverPrincipal

1969

19 16

SCHULZ AND LEONARD PC200 First St.Eaton, CO 80615970-454-3371/970-454-3465

3311

78

0%60%40%

Individual and business income-taxpreparation and planning, estate planning,

agribusiness, QuickBooks and preparation offinancial statements.

[email protected]

Roger L. SchulzPresident

1976

20 17

KRUGER & CLARY CPAS PC515 S. Howes St.Fort Collins, CO 80521970-482-6947/970-472-4061

3311

78

0%80%20%

Income tax preparation, accounting/bookkeeping services, payroll, QuickBooks

consulting, business and personal [email protected]

Melissa ClaryDale KrugerPresident

Vice president1993

21 21

RODAHL & CO. LLC CPAS2038 Vermont Drive, No. 101Fort Collins, CO 80525970-207-0747/970-207-0753

3311

65

N/A%70%30%

Taxation, auto repair, construction and therelated trades, agri-business, liquor stores,

service based businesses, hotels and [email protected]

Dean RodahlCPA, Manager

2000

22 NR

DRYG & ASSOCIATES CPA PC2105 Maple DriveLoveland, CO 80538970-663-2020/970-669-6317

3311

6N/A

0%85%15%

Tax services for businesses and individuals,business valuations and bookkeeping.

[email protected] Donald Stephens

23 18

ALEXANDER BROUGHTON & CO. CPAS PC903 N. Cleveland Ave., Suite BLoveland, CO 80537970-669-7200/970-669-7211

3311

55

7%87%6%

Small-business consulting, real estate-relatedtax, accounting, auditing, consulting.

[email protected]

Mike AlexanderPresident

1980

24 NR

RICKARDS & CO. LLP3711 JFK Parkway, Suite 240Fort Collins, CO 80525970-493-6869/970-416-0040

3311

5N/A

N/A%N/A%N/A%

N/A [email protected]

Jill RickardsPartner

Region surveyed includes the City of Brighton and Larimer and Weld counties.N/A-Not Available.NR-Not Previously Ranked.

Based upon responses to Business Report survey researched by Mariah GantTo be considered for future lists, e-mail [email protected]

NOW

HOWWHERElook at your business goals

have you figured out ?

do you want to go?

...

Northern Colorado970.352.1700

consulting group services

www.acmllp.com

�reeWays to Improve Your Software Selection Process�ree Waysou have been chosen to lead yourcompany in the purchase andimplementation of a new accountingor enterprise software system.Where

should you begin? 0ere are plenty ofapplications and implementation partners

with polished websites who promise to fixmany of the problems that have ailed yourcompany, but that doesn't guarantee that theywill be a good fit for your needs. Follow thesethree steps and you can avoid commonmistakes during your selection process.

Unless you spend your free time following thesoftware industry, it is difficult to keep upwith the fast pace of changes in technology.You should take time to understand howdocument and workflow management canchange the way your company operates.Explore Software as a Service (SaaS), hosted

and on-premise solutions. 0e solution youchoose can greatly affect scalability, security,resource management and overall cost. Beforeyou begin your selection process, werecommend that you spend some timereading articles, visiting websites and viewingpre-recorded software demonstrations.

Y� Discovery

Your new familiarity with the technologylandscape should give you context for how youcan improve your company beyond the newsystem. A common mistake during softwareintegration is to implement a new systemwhile maintaining old processes. If you skipthis step of redesigning your processes, you willstill realize some benefits from your new

software, but it is unlikely that you will realizethe full potential of your investment. If yourorganization struggles with change, use thissystem implementation as an opportunity tochange more than just the software. At the veryleast, document your current processes indetail to assist in communicating your needsto your implementation partner.

�� Redesign your Processes (or at least document them)

Your team has spent time discussing andidentifying the reasons you are switchingsoftware systems, so make sure that you havedocumented these needs in detail. You shouldalso identify and document your uniquefunctional needs. Unique needs are areas inwhich your organization differs from others,and they are mission critical.0is will help youwrite an effective request for proposal andnarrow the field of potential systems. It will alsosave you time during the demonstration processby keeping your potential implementation

partner focused on the end goal, as opposed tonon-critical bells and whistles.0e software you select will be a large portionof your infrastructure for years to come.Spending time on the upfront planning andresearch will improve your chances at asuccessful implementation and give you thepeace of mind that you selected the rightsoftware for your company.

��� Determine your Unique Needs

Chris BanksConsulting [email protected]

CPA - 6 | Northern Colorado Business Report www.ncbr.com | Dec. 2-15, 2011An Advertising Supplement to The Northern Colorado Business Report

GRAT. QPRT. IDGT. ILIT. FLP. Given theabundance of acronyms used in estate plan-ning, it’s no wonder clients can feel as if theyare swimming in a bowl of alphabet soup whenit comes to planning for their estates. Estateplanning laws are complex, and the focus onone’s mortality can combine to make a difficulttask even more unpleasant. As a result, individ-uals arguably spend more time and effort plan-ning their vacations than their estates.

The main purpose of estate planning is totransfer a decedent’s assets upon his or herdeath, and without a comprehensive estateplan, a significant part of what an individualhas achieved can be lost or end up in the handsof unintended beneficiaries. Certified publicaccountants, together with a team of trustedlegal and financial advisors, can help clients

navigate this often confusing area, so that aclient’s goals are met after they are gone.

The 2010 Tax Relief ActThe 2010 Tax Relief Act, signed into law

by President Obama on December 17, 2010,made significant changes to federal estate, gift,and generation-skipping transfer tax provi-sions. These changes may have a substantialand far-reaching impact on a client’s estateplan. The main provisions impacting estatetaxation can be summarized as follows:

The estate tax exemption was increased to$5 million per individual.

Exemption portability. Any portion of the$5 million personal exemption not used at thedeath of the “first-to die” spouse, can be usedby the surviving spouse.

QuickBooks Consulting Tax PreparationMonthly Bookkeeping Payroll

Accepting New Clients!

Small Businesses are our Specialty!

Call Today! 667-2555www.lovelandcpas.com

Stability … 55 years of Service

BOULDER FORT COLLINS LITTLETON LONGMONT NORTHGLENN

SINCE 1956

Tax Planning & ComplianceBusiness Advisory ServicesEstate and Trust PlanningFraud/Risk AssessmentConstruction SpecializationAudits, Reviews & Compilations

www.brockcpas.com

3711 JFK Parkway, Ste. 315Fort Collins, CO970.223.7855

Estate Planning — It’s Never Too Late Estate and gift taxes are now unified, therebyincreasing the gift tax exemption from $1 millionto $5 million. Thus, the $5 million exemptioncan be used during life, or preserved until death.

The generation-skipping transfer taxexemption was increased to $5 million.

The estate, gift, and generation-skippingtax rate applicable in 2011 and 2012 is a max-imum marginal rate of 35%.

Allows a recipient of property acquiredfrom a decedent who dies in 2010 to receivefair market value, i.e. “stepped up” basis. Notethat for a decedent who dies during 2010, anexecutor may elect to use modified carryoverbasis rules. (Consideration should be give tooverall current and future tax impact beforesuch an election is made.)

Although the 2010 Tax Relief Act increasesboth the estate and gift tax exemptionamounts, and reduces the top marginal rate to35%, the law applies only to tax years 2011and 2012. Unless congressional action is taken,the pre-2001 laws will apply in 2013, with areversion to a $1 million estate and gift taxexemption with a top marginal tax rate of 55%.

Planning OpportunitiesEstate planning opportunities range from

the simple to the complex and can include:Gifts to an unlimited number of donees

each year, as long as the annual gift exclusionper recipient isn’t exceeded. For 2011 theexclusion amount is $13,000 per donee, with$26,000 per donee for married taxpayers.

Unlimited gifts of tuition and medicalexpense payments, as long as the tuition ormedical expenses are paid directly to the qual-ified educational institution or medicalprovider, respectively.

Lifetime gifting opportunities of $5 mil-lion per taxpayer are available for 2011 and2012.

Use of valuation discount entities for trans-fer of a closely managed business or familyinvestment assets. This technique takes advan-tage of discounting for lack or marketability orcontrol. Such planning may involve the use offamily limited partnerships (FLPs) or familylimited liability companies (FLLCs).

Grantor retained annuity trusts (GRATs)can be used to freeze the value of an asset inthe grantor’s estate while transferring most ofthe appreciation to the beneficiaries of a trust.

A sale to an intentionally defective grantortrust (IDGT) is a strategy whereby an irrevo-cable trust purchases an asset from a taxpayerin exchange for a promissory note. To theextent that the asset increases in value, or gen-erates income in excess of the required debtservice on the promissory note, such value willaccrue for the benefit of the trust beneficiaries.

An irrevocable life insurance trust (ILIT)enables a taxpayer (the grantor of the trust) topurchase life insurance on his or her life. The

trust is the owner of the policy, with the tax-payer being the insured. A beneficiary of anILIT can be a spouse, child, or any other indi-vidual. If the trust is properly structured, thelife insurance death benefits paid to the trustwill not be included in the gross estate of theinsured.

A taxpayer can gift a personal residence toa qualified personal residence trust (QPRT)for the benefit of the taxpayer’s children whileretaining use of the residence for a specifiedperiod of time. The taxpayer’s retained interestin the residence reduces the value of the gift,allowing the taxpayer to transfer an asset forsomething less that its full fair market value.

Additional ConsiderationsEstate planning is a continual process that,

once addressed, should be revisited in the caseof major life events such as death, divorce,wealth, and special needs. Basic estate plan-ning allows all individuals, regardless of wealthlevel, to create, promote, and to protect theirlegacy.

Well planned estates avoid probate. Ifproper planning hasn’t been done, and a willdoesn’t exist, assets will generally pass intesta-cy, according to the rules of the decedent’sstate of residency. Additional issues that mayneed to be addressed to clarify a client’s visionfor his or her estate include:

� Protection with respect to catastrophicillness, assets, remarriage, creditors, divorce,and beneficiaries.

� Values promotion� Dealing with spendthrift heirs.� Blended family issues� Medical directives, planning for incapac-

itation, and long term care needs.� Special needs spouse or child.

ConclusionAs we approach year end and engage clients

in tax planning conversations, now is a goodtime to initiate the subject of a creating a goodestate plan, or reviewing an existing one.Effective estate planning can offer clients peaceof mind, knowing they have provided for theirloved ones and have made arrangements toprotect and promote their legacy.

This article is intended to be an overviewof the 2010 Tax Relief Act estate tax legisla-tion, and any planning opportunities are pre-sented only as examples. It is strongly encour-aged that practitioners and their clients obtainlegal counsel during the design, review, andimplementation of an estate plan.

Georgia Z. Phillips, CPA is a tax managerwith the firm of Ryan, Gunsauls & O’Donnell,P.C. in Denver and a member of the CSCPAEditorial Board and CSCPA-ColoradoDepartment of Revenue Joint Task Force.Contact her at [email protected].

Dec. 2-15, 2011 | www.businessreportdaily.com Northern Colorado Business Report | CPA - 7An Advertising Supplement to The Northern Colorado Business Report

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Don’t fumble through your year-end financial statements

and put your credit and entire business at risk.

Protect your people, your business,

and your interests.

Look good – darn good.

Work with the right CPA.

Call us today.

Help Them Help You.At the end of the year, bankers look at more than you think.

Year-EndFinancial StatementsLook Good – Darn Good!Many business owners need to produce and present year-endfinancial statements for their banker. These statements can becrucial in a banker’s decision to renew or extend credit lines. Sincefinancial statements say a lot about you and your business, youneed to make sure they are clean, dressed up and presented in thebest light possible. Here are a few simple tips:

1. Make sure they balance. Net income on the profit & lossstatement must agree to the net income number shown in the equitysection of the balance sheet.

2. Break out your loans and debts into their short andlong-term components. The short-term portion is the amountof principal that will be repaid within the succeeding 12 months.

3. Is the amount on the balance sheet for accumulateddepreciation based on the aggressive methods youuse on the tax return, or conservatively based on arealistic useful life? A conservative calculation may enhanceyour business’ equity position.

4. Just because you file your tax return on a cash basis,you might consider preparing your statements on anaccrual basis. Including receivables and inventories as part ofyour assets may provide a better view of business performance.

It’s been three years since the 2008 financialcrisis. Since then, 72,300 jobs have been lost inthe Denver metro area, and it’s expected that wewon’t get them all back until fourth quarter 2012.

The business environment has been in sur-vival of the fittest mode. Small business ownerswho are still out there pat yourselves on theback. You’re still here because you adapted.You’ve had to make difficult changes, and there’smore to be done. Following are eight sways youcan refine your business skills and thrive.

Focus on your gross marginBy now you’ve already trimmed your over-

head expenses. If you get rid of too much over-head, you may weaken the support system togenerate revenue. Instead, focus on the rela-tionship of your revenue to the cost of goodssold (or cost of services). For every dollar youbring in, what does it cost? You can focus onincreasing revenue — or on decreasing thedirect cost of that revenue — or both. Here’san example that shows for every $1.00 youearn, it costs you $.60. This leaves $.40 ofthat dollar that goes to overhead expenses andprofit (this is the gross margin):

Your goal is to increase your Gross Margin;this is what you can control. Avoid the urge tofocus on the “Net Profit/Loss” by reducingmore overhead. Focus on the components ofyour Gross Margin.

Know your current ratioDon’t ignore your Balance Sheet! Make sure

your current (12 months or less) and long-term(over 12 months) assets and liabilities are cor-rectly categorized on your balance sheet. Divide

your total current assets by your total currentliabilities. A healthy number is 1.0 or higher.This is a measure of how quickly you can liqui-date your current assets to pay your current lia-bilities. This important liquidity ratio is easy tocalculate. You can just look at the two numberson your balance sheet — no calculator needed.

Stay on top of your accounts receivableCustomer relationships are key to business

survival and growth. However, don’t let that getin the way of “training” your customers to payon time. Take deposits or retainers and developpayment plans in writing for those who can’tpay in full. Don’t be afraid to suspend servicesor shipment of products until payment isreceived. Cash keeps a business going.

Have a line of credit in placeUnderstand how to use a line of credit as a

short-term borrowing tool. If you’ve beenturned down in the last three years, applyagain. Credit has loosened.

Pay yourself lastToo many business owners delay making

payments to vendors or have incurred long-termdebt in order to pay themselves first. If the busi-ness can’t support the cash outflow, the ownercan be the actual cause of the death of the busi-ness. Whatever you earned prior to 2008 may bemore than can pay yourself now. The issue isNOT “what you have to have”; the question is“what can the business afford to you?”

Think out of the boxYou can’t run your business the same way you

did prior to 2008. Stay on top of technology.Read to get new ideas. Know how you’re unique.Network with your peers. Know your industry.Many companies have to revise their products orservices to survive as a result of reduced demand

Revenue $5,000 100%

COGs (direct cost) < 3,000> < 60%>

Gross Margin $2,000 40%

Business after 2008 and possible obsolescence; e.g. printing, telecom-munications, and video industries.

Prepare to be audited from the begin-ning of the year to the end of the year

Don’t expose yourself to business risk. Therisk of being audited has never been higher. TheDepartment of Labor is more aggressive regard-ing the misclassification of employees as inde-pendent contractors. This is a hot audit topic asagencies attempt to recoup lost employmenttaxes. Colorado and the IRS have an agreementto share information, so what is discovered inone type of audit may trigger another audit.

Recognize that you don’t know whatyou don’t know

Greg Anton, Vice Chair of the AmericanInstitute of CPAs, spoke to Colorado CPAsabout the “fast and furious” regulatory changeswe have experienced. It’s extremely difficult forsmall businesses to stay on top of these rapidchanges. Develop relationships with profes-sionals who can advise you with tax, book-keeping, banking, collections, and legal issues.These professionals will provide more value

when they know you and your business.USA Today stated that business has been

changed forever. Businesses in the NewNormal will do more with less. Full-time jobswith full-time benefits has quickly become anexpectation of the past. More work will beoutsourced. American business owners havebeen jolted to think more proactively and tocourse correct the way they do business.

Continue to adapt. Keep your ears open.Listen to your financial statements. I’ll see youin 2012. You’re a survivor!

Debbi C.Warden, CPA,MBA, is a member ofthe Colorado Society of CPAs Financial LiteracyCommittee. Debbi is owner of The BusinessManager, LLC in Greenwood Village, CO. ReachDebbi at (303) 681-2200 [email protected].

One last thing: watch the checker scanyour items. Mistakes on price scans are com-mon. Make sure that the price of each item iscorrect. If a pricing mistake is found, manystores will give you the item for free, but you’reresponsible for catching the error.

A few more ways to cut costsStore loyalty cards provide savings on in-

store specials, and some provide savings ongas, too. Pay in cash. Using a debit or creditcard to pay for your groceries allows you theopportunity to rationalize impulse buys mucheasier than if you’re paying in cash.

Shop alone. Any mom can tell you shop-ping with children takes more time andpatience, but it generally costs more too, askids (roommate, partner, or spouse ) beg andplead for “just this one” extra item. An addedbenefit: you get a few minutes alone to relaxand reflect.

For quick runs to the store don’t use a shop-ping cart or if you do, use a small cart or hand-held basket. Have you noticed that shoppingcarts have gotten bigger? Stores have quietly beensuper-sizing shopping carts over the last severalyears. The more space you have to fill, the morelikely you are to fill it, regardless of whether ornot you really need what you’re buying.

Be a responsible shopper. You can do thisby following the recommendations covered inthis article and by choosing fresh items thataren’t processed in abundant amounts forpackaging. This will save you money, give youhealthier food, and help the environment.Have fun shopping!

Diane Wightman, CPA, chairs theColorado Society of CPAs Financial LiteracyCommittee. Diane is owner of ControlledResources Inc., Westminster, CO. She can bereached at (303) 641-9647, [email protected].

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