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8DE53980D4A3E57487258994007B225E Hearing Summary




PUBLIC
BILL SUMMARY For SB23-175

HOUSE COMMITTEE ON FINANCE
Date Apr 17, 2023      
Location HCR 0112



SB23-175 - Amended, referred to the Committee of the Whole


04:25:03 PM  
Representatives Boesenecker and Taggart, co-prime sponsors, presented Senate Bill 23-175. The bill allows municipalities to adopt 20-year extension periods for property tax increment financing arrangements for downtown development authorities.
04:34:24 PM  
The sponsors responded to committee questions and distributed amendments L.007 (Attachment B) and L.008 (Attachment C).
04:37:47 PM  
Mrs. Gini Pingenot, representing Colorado Counties Inc., testified to amend the bill.
04:41:15 PM  
Mr. Dave Paul, representing himself, testified to amend the bill.
04:44:41 PM  
Commissioner Cody Davis, representing Mesa County, testified to amend the bill.
04:48:00 PM  
Commissioner Jody Shadduck-McNally, representing herself, testified to amend the bill.
04:48:35 PM  
The witnesses responded to questions from the committee.
05:09:23 PM  

Brandon Stam, representing the Grand Junction Downtown Development Authority, testified to amend the bill.

05:13:16 PM  
Mr. Kevin Tilson, representing himself, testified to amend the bill.
05:17:08 PM  
The witnesses responded to questions from the committee.
05:19:25 PM  

Jaclyn Terwey, representing the Colorado Municipal League, testified in support of the bill.

Ted Zibell, representing himself, testified in support of the bill.

05:24:21 PM  
Matt Robinall, representing the Fort Collins Downtown Development Authority, testified in support of the bill.
05:27:45 PM  
Mrs. Katherine Correll, representing the Economic Development Council of Colorado, testified in support of the bill.
05:30:48 PM  

Ms. Kimberlee McKee, representing the Longmont Downtown Development Authority, testified in support of the bill.

05:34:23 PM  
Mr. William Shrum, representing Downtown Colorado, Inc., testified in support of the bill.
05:37:50 PM  
Mr. John Creighton, representing High Plains Bank and the Longmont Downtown Development Authority, testified in support of the bill.
05:41:03 PM  
Commissioner Kristin Stephens, representing Larimer County, testified in support of the bill.
05:45:18 PM  
Mark Ruzzin, representing Boulder County, testified in support of the bill.
05:48:23 PM  
Mr. Joe Rowan, representing the Fort Collins Chamber of Commerce, testified in support of the bill.
05:51:25 PM  
Mayor Joan Peck, representing the City of Longmont, testified in support of the bill.
05:54:23 PM  
Mr. Mike Kerrigan, representing the Division of Property Taxation, Colorado Department of Treasury, was available to answer questions about the bill.
05:56:00 PM  
The panel of witnesses responded to questions from the committee.
06:03:42 PM  
Discussion continued with the witnesses.


06:10:34 PM
Motion Adopt amendment L.007 (Attachment B).
Moved Taggart
Seconded Kipp
deGruy Kennedy
Daugherty
Frizell
Hartsook
Kipp
Lindstedt
Marshall
Taggart
Weinberg
Joseph
Snyder
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


06:11:19 PM
Motion Adopt amendment L.008 (Attachment C).
Moved Taggart
Seconded Kipp
deGruy Kennedy
Daugherty
Frizell
Hartsook
Kipp
Lindstedt
Marshall
Taggart
Weinberg
Joseph
Snyder
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection
06:11:21 PM  
The bill sponsors made closing remarks and asked for a favorable recommendation.


06:20:35 PM
Motion Refer Senate Bill 23-175, as amended, to the Committee of the Whole.
Moved Taggart
Seconded Weinberg
deGruy Kennedy Yes
Daugherty Yes
Frizell Yes
Hartsook Yes
Kipp Yes
Lindstedt Yes
Marshall Yes
Taggart Yes
Weinberg Yes
Joseph Yes
Snyder Yes
Final YES: 11   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  PASS






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