HomeMy WebLinkAbout20062183 ..,]...i..,..:2324,11 � I` y�1 :33!e33iv ICI G� rk ,13 P9a� y � ''' J
L,If • �i
• •r SI r • � 1 ° P .'�i v1 y v� k4 w ' � Iqi` � a
I' �I e �I R t F a '� " '� 7
��k uk C s� v ' I�;Rift� P1 i a Y—c.P ! 3 �II �. 174.4.1.4.4444,
9 PI i� s} -,4
` IE i� � il' 'i i 61k�'. �t v 4 • i u°AEI aq • , I. � ly� 7w� I
"I j •R �fv I. i d. iI i iI'' i
'1 4d .11 ; ru �fi
1 J � II ] P @41 3 -• 4-
..I 33 4 �` 4 ICI Y, � k • kl344 It ,0,W 1,r k•i ,0 i • �y q y, i i { 4x4#• ^-. 35k�$r y
_ r3y 7 3 �IG, 1 {{I V.�{ fl;4 C n k �It. !i It ry k Ipip a • I• 4 Yy v g6 } 4 .,9 •'1
7 ip i� , 1 I� I,1 i� 1 •ly 1 iii P� • • 1i• , 3� '�� ��4 1 i ki �'� 'Ir ti
' � 11 � r I tl .� �! h d ' "1 3
I I it � � L. k I INSii, I I Ir ( s,; 1 I i f s r� 3 ' `� " � '
l i °� yv i k a f• r y ! isi :i 'I fv 3�s y ..�
3 3� I I[[{{�: e * � TI k,„ .L.. • . kp y # � I ₹ i f F
[ [ N • II k „ it 11 �k rt1 r
4 Vkl � 3 t �I'f 1 i v • t y9i�t.: ' ° < gait+ t ,3 3 � " 3 .# '- k N
I g 1 y {v' .' "'I AD' t( Itt it ;,�k 14 5 . an]�i'lm IM .. i
I`;. '71I:. ' I '!!!'!I 'I's);314 IK :' 1' ill': �f I '<1��119 e 13 a�i . t�'�. , z k 4. �' i3 � itt""il
k.
I3 .I5
M
Iy Ri Y .
1�
V
.i y: l!
` y PARKWAY
1 , PU9lIC NIGNiRIAY
*
k' q , xt � �I ADM1HIkAORSTY
gT RATION
L LL F
ANNUAL REPOR
f
7777.7k 3I11477, .7 ;Hat ot .i
'.k 4.i 1 II It i ,. 4....„.....,:;E:...� _ i
��F 2006-2183• '
TABLE OF CONTENTS
2 Letter to the Reader
3 Board of Directors
4 Variable Message Signs
Expanded Fiber Optics
Wireless Connectivity
5 Mile High Toll Services
Community Outreach
6 Sheridan Parkway Interchange
New Maintenance Facility
8 US 287 Toll Reduction
5 Millionth Customer
9 Development Along the Parkway
10 Operational Statistics
11 Financials
12 Outstanding Bonds
1
iIli
} r
,FI I'
Lii
In 2005, the Northwest Parkway Public Highway Authority began the transition from a new toll highway to
9 Y 9
a vital transportation corridor linking I-25 and E-470 on the east to U.S. 287 and the Boulder Turnpike on
the west.
Over the year, as the Denver metro area slowly pulled itself out of recessionary times, the Northwest
Parkway became a more valued connection to many drivers. We reached almost 6.5 million toll paying
customers since opening, and saw the end of the year bring our monthly average to almost 11,500
transactions per day, harkening good news for 2006. As traffic at Denver International Airport increased,
so did traffic on the Northwest Parkway.
We are also proud of the fact that in just our second year of operation, gross toll revenues exceeded
operating and maintenance expenses.
Mid-year construction was authorized on both a new permanent maintenance facility and transitioning
Sheridan from a grade separation to a fully directional interchange. Both projects were completed ahead
of schedule and opened by year end. The Sheridan interchange will help to serve the new Pulte/Del Webb
development called Anthem, which also broke ground in 2005. Anthem, which was previously known as
Preble Creek, will see immediate construction activity in 2006, and should positively impact Parkway
traffic figures.
The Northwest Parkway continued to be involved in the community as well. Our support of a variety of
economic development agencies, charitable organizations, and community activities are well recognized.
Our focus on being a transportation link proved successful as we moved from 8,170 transactions per day
in January to 11,437 transactions per day in December. That's an increase of 40 percent over the
course of the year.
2005 began with enthusiasm and ended with expectations. In 2005, we initiated efforts to address
permanent financing needs for the Northwest Parkway, and in 2006 we will continue that effort. We expect
to serve several million more drivers with the very best in highway connections in the fast growing
north metro area. The future for our Project is bright. We are pleased to be a part of the Denver Metro
Area Beltway System, and to bring speed, safety and service to our loyal customers.
Sincerely,
The Board of Directors
Northwest Parkway Public Highway Authority
2
I
2005 Board lof Directors
I
Chairman of the Board Vice-Chairman of the Board Secretary/Treasurer
Karen Stuart Chris Berry Glenn Vaad
City & County of Broomfield City of Lafayette Weld County
Ex-Officio Members:
Wallace (Wally) Pulliam
Regional Transportation
lk.. , ::::„. .44 „
District
•
Joe Jehn �,
Transportation Commission L.�� ..,,, , .........
, w ��
of Colorado t x
.„
77;
Joel Rosenstein a ...,
Interlocken Consolidated 1
Metropolitan District , �P
Associate Members:
Lorraine Anderson t .„
City of Arvada f i
Board of Directors Pictured (left to right;standing to seated): Robert Masden, Chris Berry,
Wally Pulliam, Karen Stuart Lee Kemp,Chris Cameron,and Walt Spader.
Alternates/Representatives:
Don Allard Lee Kemp
City of Arvada Regional Transportation District
Chris Cameron Walt Spader
City of Lafayette City & County of Broomfield
Robert Masden Gwen Anderson
Weld County Interlocken Consolidated
Metropolitan District
Peggy Catlin
Colorado Department
of Transportation
3
I
at
Technolo • y Ai'
VARIABLE MESSAGE SIGNS
The Variable VMS Sign Message
g g (VMS) project was completed in
2005 and it has been a very helpful tool for keeping drivers f I,
informed of changing road n iti n and 3
cod o s a marketing activities.
9 9
The signs are from a Colorado based company, Skyline, and , I
have very low maintenance requirements. The lights are ' I
made from LED's and the entire unit is temperature controlled, f
giving it a low Cost of Ownership and high mean time between
failures.
EXPANDED FIBEROPTICS
The fiber backbone was extended in 2005 from the mainline plaza
�. Nssz. ws:ax east to I-25. This allowed the Northwest Parkway to add new
r functionality to the system and keep ownership costs down. The
�� two toll ramps at Sheridan were added to this fiber extension to
have a high speed network for transferring information back and
ka' w " • forth with the servers at the plaza. With this fiber extension, we
1.3
, s were also able to add communications to the existing weather
station at I-25 and the new maintenance facility; consequently
lowering telecommunications costs. Also, with new network
orrnit connectivity at the maintenance facility, the maintenance group
= -_ can monitor the weather conditions as they are refueling or
-' = '` E' refilling with material to combat the snow, in order to maintain the
road at the highest level possible.
WIRELESS CONNECTIVITY
Two other large infrastructure improvements were made in 2005: a new
backup system and wireless network were designed and installed. The backup /1h
system is fully automated, changing tapes daily; allowing staff to only switch
tapes on a monthly basis, and a wireless infrastructure was installed to expand
the functionality of the system. Toll Service Attendant shift leaders and
maintenance technicians always on the move around the facility and along
the roadway now have cordless phones that connect via the wireless network.
This allows them to stay in contact without the cost or inconvenience of using
cellular phones. Another advantage is that there is now signal in the tunnel
where there is no cell phone signal. This creates a safer, more secure
environment. By adding the wireless network, the maintenance technicians
and network administrators are allowed mobility while working on the network.
With equipment installed on gantries and in hard to reach areas, many hours
are saved by not having to physically plug into the network to see if a camera is
focused or if a piece f equipment the is working. With these hi-tech
improvements, we did not forget about the customer. A free, wireless zone is /)
available at the mainline plaza for customers to use for free to check emails and
surf the net.
4
"THE FOLKS IN THE BOOTHS AIDE FANTASTIC!"
CUSTOMER- COMMENT
MILE HIGH TOLL SERVICES
♦ .
Mile High Toll Services (MHTS) is a subsidiary of ,{
Parsons Brinckerhoff. MHTS has been the primary z
operations contractor since Northwest Parkway + ?'
opened in 2003. MHTS is responsible for oversight in
the following areas: manual lane toll collection, - ` .
EXpressToll customer service, image processing,
violation processing, transaction auditing, traffic and ' ` }
revenue analysis, maintenance, and administrative x
support. MHTS currently has eleven full-time and 10
part-time employees working with the Northwest
Parkway.
During 2005, the Authority worked closely with MHTS
to achieve more accurate accounting from the
system - including manual and electronic toll /
collection. MHTS has also worked to enhance the
violation processing system and coordinates with a
credit agency for collection of unpaid tolls.
MHTS will continue to support the Northwest Parkway
in marketing and promotions to encourage a
continuous rise in traffic. MHTS has provided
excellent customer service to those customers who choose to stop and pay their toll in the manual lanes. In a recent
survey, numerous positive comments about the tollbooth attendants were received: "Friendly, smiling, happy—a
real joy when you pull up!" "They always say 'have a nice day'."
COMMUNITY OUTREACH
I The Northwest Parkway, in association with E-470 Public
•
Highway Authority and MHTS, recognize the
- importance of serving our community. As a result, the
Northwest Parkway participated in several different
community initiatives throughout 2005. When Hurricane
•
-4��i��� �_� ,� _ • - Katrina devastated the Gulf Coast region, we collected
roadside donations in September to benefit Colorado-based
hurricane relief efforts in the Lowry Redevelopment Area.
InlatThe Northwest Parkway matched the $5,000 raised from
►. I generous drivers to create a $10,000 total gift for The
,: Salvation Army Intermountain Divisional Headquarters. A
x ` S holiday-timed canned food drive during the month of
a# December collected more than 2,080 food items and
approximately $1,150 in cash donations to benefit area
11 -±<>si'lttict community assistance programs. Numerous news stories
E- Q tf chronicled these successful assistance initiatives in our
_ community and created a powerful connection between the
area and the Northwest Parkway. 5
Expanding Access
4
1
h
k
a x ti y a
}
n
•
II '111 `y4 , LS'„ 140M ItIl� yi:. _ zcss,^ xc,.,.. 3, ,.
M
. @ "-� ,
T
}
SHERIDAN PARKWAY INTERCHANGE
During the Parkway's initial construction phase, a bridge watchful eye from an oversight consultant, the project
was built over the toll road for a future Broomfield arterial went smoothly. Coordination with the toll equipment
known as Sheridan Parkway. No scheduled work was provider was a crucial element of this otherwise
forecast for this new connection until 2008. However, in standard diamond interchange design and construction
anticipation of the booming development of project. Just to make certain the work will last as well
Anthem/Preble Creek, the Northwest Parkway was as the project ran, a one-year warranty was included in iii7.--encouraged to accelerate the construction of this full, the construction contract, which will be in effect
four direction interchange. Design work for completing through November 2006. On a warm winter morning,
the Sheridan Parkway interchange was finished in March the Northwest Parkway ushered in a ribbon-cutting
2005, a contractor was then selected and construction opening ceremony on November 7th. The Northwest
i commenced in April 2005. The construction work Parkway introduced motorists to this new access point,
consisted of embankment and asphalt pavement for the by making this connection toll-free until the first of
four ramps connecting the toll road to Sheridan Parkway December. EXpressToll customers were further
and two ramp-booth buildings that include toll collection rewarded by not being charged until January 1st 2006.
facilities. The initial construction for the eastbound on
and westbound off ramps, was completed with two lanes,
one manual (cash) /AVI (EXpressToll) lane and one
AVI (EXpressToll) only lane, at each ramp. With a
6
Improving Maintenance
\. ..
3
-----4 * I
34,
# n
NEW MAINTANENCE FACILITY
2005 was also an exciting year for Maintenance above-ground chemical storage island containing
Operations. Maintenance personnel were treated to a diesel, gasoline, magnesium chloride and potassium
permanent facility rather than the office on wheels, acetate tanks. Associated site work also included a
which they had been operating out of during the sand/salt storage structure, landscaping, site utilities,
previous two years. This new facility was constructed asphalt parking lots, driveways and an access driveway
in coordination with the Sheridan Interchange project, to the Parkway mainline. A one-year warranty was
which occupies the ground where the temporary included in the construction contract, which will be in
maintenance facility was located since road opening in effect through November 2006.
2003. The new facility is located along the north
side of the Northwest Parkway, about one mile west of ,
the I-25 interchange. After plenty of input from
Northwest Parkway personnel and maintenance
inter
operations personnel, the design was completed in 4 c i 4 "`�
March 2005. A contractor was selected in April 2005 '.4� ! • i4 ,2'* ' I' ' c`
and construction was completed in November 2005. , f
The new facility consists of a one story office building i 2 .. ,; 1
adjacent to: an open bay, six-vehicle storage building, � ' ? "
an on-site wash bay/mechanics bay building and an _ . ..,,r--a.°4 4.4
7
I ,
•
vi
ce
tmvin • Customer mer Se i C n � v e
U.S. 287 TOLL REDUCTION
fast What began as an experiment, turned into a
1 _ permanent feature of the toll road in the
�A9� a�4e.4 ' ,�: a n spring of 2005. The Parkway Authority
, l _ ,a� it-i � r "a reduced the original $0.75 toll between U.S.
„„ + lit d i r ' J •. •I' iIt :.r, 287 and U.S. 36, to $0.50. Several media
NORTHWEST PARKWAY releases e and marketing initiatives promoted
fficat
the limited-time offer to increase traffic at the
popular access point. In addition, another
PI I media release announced the news of the
Board vote to make the lower $0.50 toll, a
permanent feature of the roadway. Software
I coordination was essential during this trial and
implementation period so that the system
PARKWAY would recognize the new payment by both
cash customers and charge EXpressToll
US-287 TOLL REDUCTION INFORMATION customers the correct amount. Several news
' t1 stories resulted from this media outreach
ka, effort, to further promote the permanent
64 t lower U.S. 287 toll to our targeted customer
;:I I base.
_ l.: s . i
5 MILLIONTH CUSTOMER
4 A landmark milestone was achieved in August of 2005, as the Northwest Parkway celebrated the five millionth toll
transaction with a special prize package delivered by a unique character - all on live morning television! Operations
Director, Steve Bobrick donned a sumo wrestler suit to "wrestle" the five millionth customer to the side of the road to
present the lucky driver with a luxury hotel stay and free rounds of golf from local partners. The amusing event was
broadcast live on FOX-31 news during the morning hours. Five millionth customer Sean Meyer of Platteville, CO.,
driving a cattle hauler, will never forget his lucky day!
•
i I P
Atir
• I _ _ a
I Pr Oil
- -� '
J F ']/
8
•
"WITH OUR C OSE PROXIMITY TO THE NORTHWEST PARKWAY AND DIRECT ACCESS TO
DENVER INTE ATIONI# LAIRPORT, NEW RETAIL AREAS AND COMMERCIAL
DEVELOPMEN 5, LAFAY4TTE'S FUTURE LOOKS VERY PROMISING."
LAFAYETTE CHAMBER,WEBSITE
DEVELOPMENT
As the Northwest Parkway moved into its second year of toll collection and operation in 2005, multiple economic
development projects were initiated in the vicinity of the toll road. These retail, residential and community projects
will provide new pockets of potential Northwest Parkway drivers, as these projects move from design to construction to
completion. With more people living and working in the surrounding area, continued economic development equates
to a continuation of the increasing growth in traffic and revenue figures we have seen over the first two years of
operation. A new mixed-use development is in the works south of the U.S. 36 & Northwest Parkway
interchange - Arista. This large-scale development includes retail, office space and residential properties within one
development pad. The area is bordered by U.S. 36 to the north, Wadsworth Blvd. to the south and the future 120th
Avenue to the west.
A 2,500-acre Anthem Colorado development in Broomfield will bring a very large-scale mixed use residential and office
complex to the north of the Northwest Parkway, connecting with our new Sheridan Parkway interchange. When the
project is completed, plans for Anthem Colorado will include 3,100 homes, a town center, 12 million square feet of
commercial office space and open space considerations. The site is north of W. 160th Ave.
Vista Ridge, a new home development located north of the Northwest Parkway on Highway 7, is a 455-acre
residential project. The development offers a golf club, community center and a tennis and swimming pool complex.
The property consists of single-family homes, condominiums and patio homes. A new elementary school is planned
as part of the multi-phase project.
J.�
Three large retail developments are in the works in the area of Highway 7 and I-25. Larkridge Center, in Thornton;
Northlands, in Broomfield; and Orchard Town Center, in Westminster, will provide the area with a combined three
million square feet of new retail space when completed. Directly to the east of the U.S. 36 and Northwest Parkway
intersection, a 13-acre project is developing 351 townhomes and lofts - Vantage Pointe.
To serve the public in this quickly growing area, a new Exempla Medical Center is
located near U.S. 287 and the Northwest Parkway. The new 477,000 square-foot
medical center is supported by 950 employees and includes a multi-use retail space
Ias part of the site.
In all, 2005 welcomed plans for many new retail, multi-use and residential projects to
our area. Good news for Northwest Parkway customers!
9
t
Operatio al Statistics
Toll Revenue
$600,000
5500.000 i
5400.000 �■
—0-2004
5300.000 f-2005
$200-000
$100,000 '
8-
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2005 monthly revenue grew 40%from approximately$392.000 ei January to$547.000 in December The
highest monthly rnveriag collection occurred in August with approximately 5570,000 collected- Annual
ave age nx nteiy evaum grew 33%from over$351 000 in 2004 to over 8458 000 in 2005
y „a Total Monthly Traffic
400.000
350,000
•
300.000
250,000
— -2004
200.000
150.000 2005.
100.000
50,000
� I
it
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2005 monthly traffic grew 40%from over 253,000 in January to 354.000 in December The highest
monthly transactions occurred in December with 354,545 total vehicle transactions. Annual average
monthly transactions grew 35%from over 228.000 in 2004 to over 308.000 in 2005-
. Average Daily Transactions
14.000
12,000
10,000
8,000 —0-2004
6,000 t 20051
4,000
pypy 2.000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2005 average daily transactions grew 41%from over 8.100 in January to over 11400 in December The
highest average daily transactions were seen in December with 11.437 average daily transactions.
Annual average daily transactions grew 36% truer over 7.400 in 2004 to over 10,100 in 2005.
10
Financials
• Northwest Parkway Public Highway Authority
Statement of Net Assets
Year Ended December 31, 2005
ASSETS 2005
Current assets -
Unrestricted cash and cash equivalents $5,913,467
Restricted cash and cash equivalents 9,255,318
Restricted investments 13,554,647
Restricted accrued interest receivable 134,421
Accounts receivable 155,351
Prepaid and other expenses 72,204
Total current assets 29,085,408
Noncurrent assets
Restricted investments 50,608,864
Capital assets (net of accumulated depreciation of
$33,846,080 and $17,563,430, respectively) 352,599,684
Bond issuance costs (net of accumulated amortization
of $4,681,199 and $3,558,959, respectively) 30 849 554
Total noncurrent assets 434,058,102
Total assets $463,143,510
LIABILITIES AND NET ASSETS
Current liabilities
Accounts payable and other liabilities $1,533,068
Accrued bond interest payable from restricted assets 537,388
Total current liabilities 2,070,456
Noncurrent liabilities
Revenue bonds payable 469,482,892
Intergovernmental payable 20,000,000
Reimbursements payable 55,872,040
Accrued interest on reimbursements payable 2689,028
Total noncurrent liabilities 548,043,960
Total liabilities 550,114,416
Net assets
Invested in capital assets, net of related debt (33,572,617)
Unrestricted deficit (53,398,289)
Total net asset deficit (86,970,906)
Total liabilities and net assets $463,143,510
*Complete copies of the Northwest Parkway Public Highway Authority 2005 financial statements and the accompanying notes
11 are avaliable upon request from the Authority administration office at(303)533-1200.
F
Outstandi g Bonds
The Northwest Parkway Public Highway Authority issued approximately $364 million of insured Senior
Bonds and approximately $52 million of Subordinate Bonds in June 2001 to fund the construction of the
Northwest Parkway toll road project. The Underwriters were George K Baum & Company and Bear,
Stearns & Co. Inc. PBConsult Inc. was the financial consultant and provided the chief financial officer for
the Authority. A.G. Edwards & Sons Inc. was the financial advisor. Vollmer Associates conducted the
traffic and revenue study with PB Consult Inc. providing the economic/land use inputs for the study.
The 100% toll-revenue backed start-up toll road received senior bond insurance from both Ambac and
FSA resulting in a positive reception of the Northwest Parkway Authority bonds in the market. The
Authority believes that some of the factors supporting this project are that it is making an improved
connection to already developed areas including Broomfield and Lafayette and one of the largest
• employment centers in the Denver Metropolitan area, Interlocken Business Park.
Because the project is backed solely by toll revenues, the finance team devised a structure that included a
combination of Current Interest Bonds, Capital Appreciation Bonds (CABs), Convertible Capital
Appreciation Bonds, and First Tier Subordinate Bonds. Unlike current interest bonds that pay interest
every six months, the CABs only pay interest at maturity, allowing the issuer to conserve cash flow. The
use of the convertible CABs allows the Authority to minimize the amount of the interest payable while still
allowing a period for the ramp-up of toll revenues.
All of the existing senior debt is insured by AMBAC and FSA and consequently carries the highest and
most secure rating of the rating agenacies. Underlying ratings for the senior bonds are as follows:
Moody's Bl, Standard & Poor's B-, and Fitch BB-.
Northwest Parkway Revenue Bonds Outstanding
At December 31, 2005:
Series Amount Rating Insured
2001A Senior Current Interest $ 175,720,000 AAA Yes
2001 B Senior Capital Appreciation 41 3,045,000 AAA Yes
2001 C Senior Convertible Capital Appreciation 189,175,000 AAA Yes
2001 D Subordinate Current Interest 52,465,000 CCC/B3 No
Discounts (original issue and future accretion) (360,922,108)
$ 469,482,892
The Authority is anticipating a restructuring of the outstanding debt in 2006 after the completion of an investment grade traffic
and revenue study. 12
II �I a11P
s �� Iu1i4 I� I24 ti"�'Ii`� � ' a
' l IIp all
r iii :di-
: r II,.I, �,i1 : V €ICIt
4 l � 1
I' 4 it' I ''' til, 'Ht. t :I', I' �Edi "� lila
kII
;, JAI
1 i I '
Y I I
17 0. I
!, tl,Id ! 1,k.
I ; I
1:'I,
ll I p
.III �,ill
.r'I � s'k :4", I
V;', • ��iii Id if• iiihiII t
I s f � • III i �1,'t�$'I III E ii,,� t rI > t
I Ii ,y 1�,II - ;1 , aFl .,,i't liiipgl `6 II :.
I y,r{ 1Y1 II R ' y Ip w °d I, e �, J.
C,
' • 01
p;;'l I� p 1•f(,r if pil I ,i "r•ThA"rI I--:!.,J.;::.1..,1
x,4
01
I I 1 ,I ' 7 I,' { 1 „I i ; . 112[1
g 4.
,r I ,,,,II
fI, L FF li ., :0,! 00,0/12,,,0
X11
}{ y.p
I '1zt1%' W dfl Sdh bl.'_
' .}a" 4` I I � I .
I +u'rl, II I' Mfr" i 'rag", :hitF @�, { �'
�' I� 1� f )I'' h19'1 'r- p -,. q4 srh. I ! ;.n :CI n s r'
1111).:421:rit,r2t,ittiiidi
'41-22:":1-22:1; `-
C 1q la > IP' 6t I I Eli r' ` t
I ) y I h-.r4 1 gll 1:1:$:II,. a I is i° (. p i ' 4;;I:111:1"6r I i
3 � ., � pia1
I . L1, I ! "hi i#,, i C v 7 II , I ';I i. C`h !I' I F1 &It j} ,I.' �Z
II1 I I - .11,11 H. - iii
ii:„0,-‘,tit,td, 7,
_ f}1 ! :i at t k i 1 j`
I 6it,
}a I. — i r — I l�� f
'l l 3, ; it k I r 11 k f h I . I ! : '
b R ry k , cYa
II F' o 3I111t„ 1 11
a1 � P } S ee ;I„x I KS 3 I�*.
,l,l f ,,r, r 1. �! , � I 0-00;r01-1: .°"a
I:.fall. . l: 1e�
C { 1 : ill b ,� qn: ,.� " I y ''; .t gel
. . 'i 'I ':§ 1 P. Cpl +,� MI_ a
%I
I I VP: f E lf; U} � @I k � c K
: r r ytyt } ! g�lf I I r - i�1� �#
' ji dtlhhi
{ "i.a �I pr,,Ls 'YYYY +iSP
1'. I �fr '9 14.124:40}r'41 I4 }'s w ' a si Yu t.4;119,04
p a
-,..04 IbI Lp } kr�", if
1 L i, i ) 6 . II T,11 tp i 3
Y I I 1 . .I III;:iI • I I' f jF` r}rt \r ®4I I 'a'�Yy„(( "p.14:4:•,!'
or
..
�I1 l•
PARKWAY f ,.: �I , r „ '
,'I I�IE ,. HL,
'. 1 k p Ypailii T9 S₹�S 3
E €:
$arkway Publi I g I �•
€ I €i: l
[. ,i X114 Northwest } ' I', Ili p -4 " x r{
t , di 4k ' Iiii �omfield,CO III' € r k , x , 4i.
r 4 II h (303) 533 1 II}F , • hh ,b, ; 4 iji,h1:::::4%%:,
' • h ., I tHH: ! ;: I I; 1:::{, s
f },,,.,;. ; www.nwpky ' ' j aif ,1} i y
, �I I, ff f k r r ? .I- +
l k k I N` `` ou = " r` 1
� I I�� � 'I' I fa 11 f� Gt II it,df. f"Y ` a �k
c.,.: [ _ik su t' rn fj C4, f. , !� S dt i lJ r x,! II .,,_..,�
v E '. $ '_ 3( 1eh Ir ' itsI 4I. .
i a 4 E I +i�, 1 c A 13 3'""� � a I.4., ��
Hello