Kutak Rock Serves as Bond Counsel to El Paso County for Artspace ProjectNews | January 18, 2023
Kutak Rock served as bond counsel to El Paso County, Colorado in connection with the issuance of the $14,500,000 El Paso County, Colorado Multifamily Housing Revenue Draw Down Bond (Artspace Colorado Springs Project) Series 2022. The bonds financed a portion of the acquisition, renovation, construction, improvement and equipping of a 48,000 square foot, five-story, 51-unit mixed -use multifamily housing project, for low- and middle-income families and persons, to be known as Artspace Colorado Springs and to be located in the Colorado Springs Creative District at 315 East Costilla Street, Colorado Springs, Colorado 80903. The project will also provide 20 commercial artist studios.
A portion of the project will be built to the standards of 2020 Enterprise Green Communities, with photo-voltaic capacity and EV-ready parking spaces. It will also preserve an important piece of local history, retaining a Spanish style 1928 building.
Fred Marienthal, John Bales and Jack McGill worked on this financing.