Briefcase November 1, 2013

CONTRACTS

Colorado State University selected Denver-based Mortenson Construction as the lead contractor for its proposed on-campus stadium. Mortenson was one of seven bids made on the project. Those companies who submitted bids were interviewed earlier this month, with their submittals analyzed by a review panel that consisted of the project management firm, architects and CSU facilities, athletics and administrative staff. This panel evaluated the bids based on a number of factors, including the quality of the firm, the firm’s experience with similar projects, and the costs included in the proposal. Based on all these criteria, Mortenson’s proposal was given the highest marks, according to a release from CSU. CSU and Mortenson will work together to finalize a contract. Fundraising is under way for the project, which is in the schematic design phase and has not yet been approved by the CSU Board of Governors. In the event that the project is approved, Mortenson may be further engaged to perform construction services at the university’s discretion, according to the release.

CLOSINGS

SPONSORED CONTENT

Business Cares: April 2024

In Colorado, 1 in 3 women, 1 in 3 men and 1 in 2 transgender individuals will experience an attempted or completed sexual assault in their lifetime. During April, we recognize Sexual Assault Awareness Month with the hopes of increasing conversations about this very important issue.

The Runza restaurant at 2601 S. Lemay Ave. in the Scotch Pines shopping center, a subsidiary of Lincoln, Neb.-based Runza National Inc., closed Oct. 20.

EARNINGS

Noble Energy Inc.’s (NYSE: NBL) third-quarter net income of $205 million lifted shares of the oil and gas producer nearly 5 percent. The company’s net income fell from $221 million during the third quarter of last year, but it exceeded analysts’ expectations by lowering its costs. In the Denver-Julesburg Basin, which includes Northern Colorado, Noble Energy reported record production of 97,000 barrels of oil equivalent per day, a 31 percent increase from the third quarter of last year. The production represented a 9 percent increase over the second quarter this year. Noble said it expects strong production growth during the fourth quarter with sales volumes of from 280,000 to 285,000 barrels of oil equivalent per day, although it expected the September floods in Northern Colorado to temper growth. U.S. sales volumes during the third quarter fell by an average of 2,000 barrels of oil equivalent per day because of the flooding. The company anticipates losing average oil and gas production of from 5,000 to 7,000 barrels of oil equivalent per day during the fourth quarter.

FLOOD RELIEF

Greeley-based Mineral Resources Inc. announced it will donate up to $50,000 to the Weld County Flood Relief Fund, created by the Community Foundation and United Way of Weld County.

GOOD DEEDS

Tour de Fat, the traveling tour of philanthropic bicycle advocacy sponsored by Fort Collins-based New Belgium Brewing, raised $535,924 for local nonprofits this season, totaling more than $3 million in its 14-year stretch, up almost $40,000 from last year. The events are free, yet all proceeds from beer and merchandise sales and donations from parade participants go to nonprofit organizations. Tour de Fat traveled to 12 cities between May and October, attracting a total of 97,500 beer and bike enthusiasts and 57,359 bike parade participants. Fort Collins raised the most money ($90,000) and had the most festival-goers and parade riders, both totaling 25,000 people.

The Clips Beer and Film Tour sponsored by Fort Collins-based New Belgium Brewing raised $158,243 this year for nonprofit organizations after traveling to 21 cities and set a new attendance record of 22,070 people.

Cargill donated $10,000 and nearly 75 volunteer hours to support the nonprofit Colorado Youth Outdoors. Twelve employee volunteers from the Fort Collins-based Cargill Specialty Seeds & Oils division removed Russian olive trees, and connected a dock from the shore to a floating fishing platform at CYO’s Swift Ponds facility, east of Interstate 25 between Windsor and Fort Collins. The dock was privately donated by Dick and Jeri Wells of Loveland.

GRANTS

Grants to 14 local nonprofit organizations from the 20th annual Wells Fargo Community Assistance Fund in Fort Collins and Loveland totaled $17,000. Recipients were Be the Gift Inc., Children’s Speech and Reading Center, Ensight Skill Center, Feeding Our Community Ourselves Inc., Fort Collins Children’s Theater Inc., Foundation on Aging for Larimer County Inc., Junior Achievement Rocky Mountain Inc., Larimer County Dive Rescue Team, Loveland Center for Business Development Inc., Lubick Foundation, Lydia Dody Breast Cancer Foundation, Meals on Wheels for Fort Collins, The Ladybug Fund Inc. and Thompson Valley Preschool Inc.

KUDOS

North Colorado Medical Center in Greeley and McKee Medical Center in Loveland were recognized for medical excellence and top performance in numerous service lines of patient care, according to Healthgrades, an online resource that helps consumers research and connect with hospitals. The ratings and rankings are based on publicly reported data. NCMC received 11 five-star recognitions, and McKee achieved six. Detailed performance information is online at www.healthgrades.com/find-a-hospital.

Melissa Clary, who owns a franchise of cloud-based payroll processing company Payroll Vault in Fort Collins, was one of three franchise owners to receive a Diamond Achievement award from the Littleton-based company for achieving the highest annual sales based on the number of clients.

Greeley’s Water Pollution Control Facility received statewide recognition for sustainability and energy reduction from the Colorado Environmental Leadership Program and the Colorado Industrial Energy Challenge. The awards were presented at an Oct. 17 ceremony in Denver. The facility received Partner of the Year award from the Colorado Industrial Energy Challenge and a bronze award from the Colorado Environmental Leadership Program.

Loveland-based Vision Graphics Inc. again was listed in the ColoradoBiz Top 250, a ranking of the top private companies in the state. Vision was recognized for gross revenues increasing 39 percent in 2012.

MOVES

PA Partners LLC leased a restaurant building it owns at 160 W. Oak St. in Fort Collins to 5 Brighams Inc., doing business as d’Vine Bistro, Wine Bar & Kitchen. D’Vine is moving from a location on Harmony Road to the larger Old Town space. Dave Pettigrew of Prudential Rocky Mountain / Commercial, a principal in PA Partners, represented the landlord. Randy Marshall of Sperry Van Ness represented the tenant.

NEW PRODUCTS/SERVICES

Fort Collins-based New Belgium Brewing released Accumulation, a seasonal White IPA, featuring tropical aromas from Mosaic and Amarillo hops and flavors of peaches and citrus. The pale ale is 6.2 percent alcohol by volume.