Lightning eMotors; Centerra Industrial; real estate summit – Loveland Reporter-Herald
Vote on the merger of Lightning eMotors for April 21st
According to the filings filed with the US Securities and Exchange Commission on Monday, the shareholders’ vote to acquire the commercial vehicle manufacturer Lightning eMotors through the special purpose vehicle GigCapital3 Inc. was set for April 21 at 10:00 a.m.
If approved by GigCapital3 shareholders, GigCapital3 and Lightning eMotors will be combined. Lightning eMotors will be the surviving business, and the company’s stock ticker will be switched from GIK to ZEV.
That would complete a process that began in December 2020 when Lightning eMotors entered into a business combination agreement with the company that included $ 202 million in cash, $ 539 million in new common stock issues and $ 125 million in private public investment. Equity funds.
Lightning eMotors was founded in 2008. Rather than building new electric vehicles from scratch, the company makes all-electric powertrains to fit existing commercial chassis, such as the Ford Transit and F-59 vans, the Ford F-450 and F-550 buses, and General Motoren 6500 Trucks.
McWhinney raises $ 3.85 million for Centerra Industrial’s next development
McWhinney Real Estate Services has raised approximately $ 3.85 million to fund the seventh project at its Loveland industrial park.
CIndustrial Seven Investments raised just over $ 3.85 million from its $ 5.39 million target from eight investors, according to the US Securities and Exchange Commission.
The subsidiary lists McWhinney as a manager and is registered at the development company’s Loveland address.
McWhinney has used the name “CIndustrial” to refer to financial instruments used to raise funds for construction in the Centerra industrial area, including the fifth building in September 2019 and the sixth building this past April.
It is unclear what type of building McWhinney is planning to develop with the money or where. The subsidiary owns no real estate, according to Larimer County’s real estate records.
PRPA appoints new chairman of the board as vice chairman
The Platte River Power Authority Board of Directors has elected Dave Hornbacher, executive director of electrical services for the city of Longmont, as the organization’s 13th chairman.
Also on Thursday, the board of directors elected Mayor Wendy Koenig of Estes Park as deputy chairman. The appointments will take effect after the board meeting on April 29th.
Hornbacher replaces the outgoing chairman Wade Troxell, who is temporary mayor of Fort Collins. Troxell has served on the Platte River Board of Directors since 2015 and its Chairman since 2020.
Hornbacher became a member of the Platte River Board of Directors when he became Managing Director of Longmont Electric Services in 2019. He has more than 35 years of experience with power, water, and natural gas utilities in Colorado.
Koenig was elected Mayor of Estes Park in 2020.
The Platte River Power Authority is the wholesale electricity supplier for the owner towns of Loveland, Estes Park, Fort Collins and Longmont. The board of directors is usually composed of the mayors and supply managers of the individual member communities.
The bank is requesting repayment of roofer loans
First National Bank of Omaha, with multiple branches in northern Colorado, has filed a lawsuit against a Fort Collins roofing company and its primary operator over unpaid promissory notes and practices that the bank alleges violated its loan agreements and deprived the bank of security interests.
In total, the bank is demanding US $ 486,326 from ACC Roofing Inc., US $ 101,978 from JONISC LLC, both of which have or had primary addresses on East Lincoln Avenue in Fort Collins and operated by Jonah Lovendahl of Loveland.
An attempt to contact the parties using a company-associated phone number was unsuccessful. The phone number was no longer in use.
The lawsuit filed with Larimer District Court on Thursday alleged that Lovendahl secured a line of credit for ACC Roofing in 2017. The loan defaulted when Lovendahl dissolved the company in October 2020. That bill also defaulted JONISC on another loan, the bank claims.
The bank also alleges in its lawsuit that Lovendahl moved a line of credit from ACC Roofing to JONISC in breach of the loan agreement and shortly thereafter used that money to purchase a single-family condominium in Fort Collins, thereby “robbing the plaintiff of his credit right, to maintain a security interest ”in the home.
Commercial housing forecasts to highlight the NoCo Real Estate Summit
Forecasts for the commercial and residential real estate market will highlight the Northern Colorado Virtual Real Estate Summit, March 30th through April 1st.
The Northern Colorado Real Estate Summit features live streaming presentations, interactive Q&A sessions, virtual exhibition booths, online networking, and one-on-one video meetings.
The event is practically carried out in three morning rounds.
Day 1 begins with a residential forecast from Dennis Schick, Realtor / Owner of Re / Max Alliance, while Day 2 begins with a commercial forecast from Ryan Schaefer, CEO and Principal at NAI Affinity.
On Day 3, Joel Kan, Vice President, Economic and Industry Forecasting for the Mortgage Bankers Association, will be present to deliver a keynote address on national mortgage and property trends.
Other meeting topics will include industrial real estate, master-planned communities, and low inventory of houses in the market. In two groundbreaking sessions, representatives from regional planning and economic development will discuss new development projects in their communities.
Finally, an Icons of Real Estate panel moderated by Michael Payne, partner at the law firm Coan, Payton & Payne, will provide a platform on which to reveal the secrets of their success.
This year’s icons are Dale Boehner, Principal at Thompson Ranch Development Co .; Eric Holsapple, Broker / Owner at LC Real Estate Group; Jon Turner, CEO of Hillside Commercial Group; and Julie Piepho, President, Consumer Credit, Adams Bank & Trust. For the full agenda, visit events.bizwest.com/nocoresummit.
Registration for the summit can be done on the BizWest website. Tickets are $ 43.98.
Greeley Chamber is planning a virtual annual dinner
The Greeley Area Chamber of Commerce will be holding their annual dinner practically this year on March 31st.
The free event features presentations highlighting how the community has overcome the challenges of the past year. The speakers include:
• Jaime Henning, President of the Chamber and CEO.
• Scott Warner 2020-2021 past chair. Warner is President and CEO of Connecting Point.
• Margo Karsten, CEO for 2021. She is President of the Western Region for Banner Health.
Awards this year include:
• Leann Anderson Community Care Award: Mayor John Gates.
• Ambassador of the Year: Ryan Roth.
• 2020 Chair: Scott Warner.
Registration for the event can be done on the Greeley Chamber website.
The state unemployment rate remains at 6.6%
Although 5,200 non-agricultural jobs were created during the reporting period, the Colorado unemployment rate was unchanged from January to February at 6.6%.
The latest figures from the Colorado Department of Labor and Employment show that the state’s labor force increased by an estimated 3,800, while the employment rate rose to 68.6%, just below the prepandemic rate of 68.7%.
However, the state estimates that around 156,700 jobs have been lost since last February that have not yet returned.
At the county level, Larimer County’s unemployment rate decreased 0.2 percentage points to 6.2%, while Weld County’s rate was unchanged at 7.2%. Boulder County’s rate fell from 6% to 5.7% while Broomfield County’s rate fell from 6.1% to 6%.
The largest employment sectors were leisure and hospitality with around 9,700 additional jobs and around 2,200 jobs in education and health care, while the service sector, the financial services sector and the financial sector fell by 2,900 and 1,100 jobs, respectively.
Shortly
• • TDS Telecom, which provides internet, phone, and TV connections to parts of northern Colorado, donated $ 500 to the Colorado Healing Fund to help victims, families, and communities affected by King Bouldering in Boulder.
• The Cloverleaf mobile home community on East Mulberry Street in Fort Collins changed hands this month for just over $ 47.1 million. The 391 home, 60 acre parish was built in 1974.
People
Brenda Hall
• Nurse Brenda Hall, at Banner Health Clinic Gynecological Surgery in Loveland, 1900 N. Boise Ave., Suite 410, will work as a nurse at McKee Medical Center in Loveland. She specializes in urogynecology for women’s health. Phone: 970-820-2610
• • Teresa Boynton, a certified occupational therapist from Loveland, has won the 2020 Innovation Award from the National Board for Certification in Occupational Therapy. Boynton was recognized for their work in developing, validating and implementing the Bedside Mobility Assessment Tool. She is currently an independent clinical consultant at Mobility Consulting and Presentations.
• • Megan Walter has been named head of the general civil engineering team at Olsson, an engineering and construction company. She will oversee team members in Olsson’s Loveland and Denver offices.
• Fort Collins photographer Sean Lara was named one of the 10 best artistic wedding photographers in the world by the Artistic Guild of the Wedding Photojournalist Association. Lara was voted number 7 internationally and number 2 in the US. This award is given to photographers who have the highest score in their annual judges competitions. Lara’s style can best be described as an “environmental portrait”. Phone: 970-999-4093.
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