Alistair Sutcliffe - Support from resident for Medtronic campus - Lafayette, CO
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Support from resident for Medtronic campus Alistair Sutcliffe Fri 10/9/2020 6:42 PM To: Jana Easley Dear Ms Easley, As a Lafayette resident I am a strong believer in growing cities like Lafayette, while not impacting open space, trails and other areas of beauty in our community. I welcome and support attracting large companies to the area. I fully support the addition of Medtronic into the area bringing jobs and revenue for the city, through increased demand for local goods and services, people visiting Lafayette, staying in Lafayette, increasing home values and many other benefits. I hope my fellow residents agree. I only hope that such plans are not derailed by those who cannot see the benefits and create a mess with endless bickering and discussion of minor objections. Thank you Alistair Sutcliffe 630 430 6315 Coal Creek Village.
Proposed Medtronic Campus callcarter@comcast.net Thu 10/8/2020 3:52 PM To: Jana Easley Cc: Rick Hodorowich Hello Jana, Im contacting you in regards to the proposed Plan approval for the Medtronic Office Campus. We have a residence at the SounthPoint Estates across the street from the proposed site. We have several concerns about this proposed Medtronics Campus as I will list below with links if applicable. 1) Urban sprawl. As this will bring more traffic, noise, pollution & affect wildlife that lives on or near this site & the affect our property values. https://catalyst.independent.org/2020/09/10/growth-management-policies/ 2) It will also affect Boulder County’s populations of native bird species decline in the face of development, indicate further environmental degradation. https://www.dailycamera.com/2020/01/11/populations-of-native-bird-species-decline-in-the-face-of- development-indicate-further-environmental-degradation/ 3) Medtronics has current legal issues. Thereby it could fail to even keep up its financial obligations becoming insolvent & leaving this proposed park empty in the foreseeable future. .https://www.hbsslaw.com/cases/medtron Thus equates to bad business & investment decisions on the City Planning & council of Lafayette, holding its representatives responsible in its oath of service & due diligence to serve the Lafayette community at large. As referenced: https://www.dailycamera.com/2020/10/03/medtronic-plans-lafayette-campus-south- of-good-samaritan-medical-center/ - The plans collapsed in recent weeks as Brue Baukol failed to win over Louisville’s Planning Commission and City Council, members of which said "the overall development was too large and too dense". This seemingly good thing is in reality what’s deemed a Trojan horse. Thus equates to a possible bad business decision & investment agreement by the City Planning & Council of Lafayette, holding its representatives responsible in its oath of service & due diligence to serve the best interest of Lafayette community at large. I look forward to your response,
Respectfully, Rob Carter (ALDAP) https://www.pay-it-forward.global/ Rob Carter - Junior Partner callcarter@comcast.net (720) 530-1200 Colorado Division
Re: Proposed Medtronic Campus callcarter@comcast.net Wed 10/14/2020 4:33 PM To: Jana Easley Cc: Rick Hodorowich Hello Jana, Thank you for your response. Please include the following information & link to the Planning Commission as it inadvertently did not get included in my last email but it is of imminent importance. As it explains the recent decline in profits of this Medical Goliath. What's Behind Medtronic's Q4 Earnings Miss The medical device giant's Q4 revenue and earnings fell well short of expectations. Here's why. May 21, 2020 at 2:00P There's bad news, good news, and more bad news for Medtronic (NYSE:MDT). The first bad news is that the medical device maker's shares were down 14% year to date as of the close on Wednesday. The good news is that it had been much worse: Medtronic stock plunged close to 40% in March. What's the other bad news? The company announced its fourth-quarter and fiscal 2020 full-year results before the market opened on Thursday. And those results weren't great. Here are the highlights from Medtronic's Q4 update. By the numbers Medtronic's top-line performance went in the wrong direction in the fourth quarter, which ended on April 24, 2020. Revenue fell 26% year over year to $6 billion. Analysts were expecting that the company's revenue for the fourth quarter would be a little over $7 billion. The medical device giant reported Q4 net income of $640 million, or $0.48 per share, based on generally accepted accounting principles (GAAP). This reflected a sharp decline from the GAAP earnings of $1.2 billion, or $0.87 per share, in the prior-year period. Unfortunately, the picture didn't look much better with Medtronic's adjusted bottom-line numbers. The company posted adjusted net income of $777 million, or $0.58 per share. This result was lower than the adjusted earnings of $2.1 billion, or $1.54 per share, recorded in the fourth quarter of 2019. It also fell well below the average analysts' estimate of adjusted earnings of $1.06 per share. Behind the numbers There was one culprit behind all of Medtronic's bad news in the fourth quarter: the COVID-19 pandemic. But it wasn't just Medtronic feeling the pain; the entire medical technology industry suffered as non-urgent procedures were pushed back due to the coronavirus outbreak. Medtronic's cardiac and vascular group took the hardest hit. Fourth-quarter revenue for the unit plunged 34% year over year to a little over $2 billion. The company's restorative therapies group was also hammered by the COVID-19 pandemic. The group's Q4 revenue sank 33% year over year, with even higher declines for specialty therapies and pain therapies. Relatively speaking, Medtronic's diabetes group performed much better. However, revenue for the group still fell 9% year over year to $570 million. With physician offices closing due to the pandemic, fewer patients started using insulin pumps sold by the diabetes group. This was offset partially, though, by increased demand for diabetes supplies, especially in international markets. Looking ahead Like many companies in the healthcare sector, Medtronic opted to not provide any guidance for its next quarter or for the full year. There's simply too much uncertainty related to the current healthcare crisis. However, shareholders do have something positive to look forward to. Medtronic announced an increase in its dividend, marking its 43rd consecutive year of dividend hikes. The dividend will be paid on July 17, 2020, to shareholders of record at the close of business on June 26, 2020. https://www.fool.com/investing/2020/05/21/whats-behind-medtronics-q4- earnings-miss.aspx Respectfully,
Rob Carter (ALDAP) https://www.pay-it-forward.global/ R.L Carter - Junior Partner callcarter@comcast.net (720) 530-1200 Colorado Division On Oct 14, 2020, at 10:49, Jana Easley wrote: Rob, Thanks for your email. It will be included in the Planning Commission's packet when this goes before them. Jana From: callcarter@comcast.net Sent: Thursday, October 8, 2020 3:52 PM To: Jana Easley Cc: Rick Hodorowich Subject: Proposed Medtronic Campus Hello Jana, Im contacting you in regards to the proposed Plan approval for the Medtronic Office Campus. We have a residence at the SounthPoint Estates across the street from the proposed site. We have several concerns about this proposed Medtronics Campus as I will list below with links if applicable. 1) Urban sprawl. As this will bring more traffic, noise, pollution & affect wildlife that lives on or near this site & the affect our property values. https://catalyst.independent.org/2020/09/10/growth-management-policies/ 2) It will also affect Boulder County’s populations of native bird species decline in the face of development, indicate further environmental degradation. https://www.dailycamera.com/2020/01/11/populations-of-native-bird-species-decline-in-the-face-of-development-indicate-further- environmental-degradation/ 3) Medtronics has current legal issues. Thereby it could fail to even keep up its financial obligations becoming insolvent & leaving this proposed park empty in the foreseeable future. .https://www.hbsslaw.com/cases/medtron Thus equates to bad business & investment decisions on the City Planning & council of Lafayette, holding its representatives responsible in its oath of service & due diligence to serve the Lafayette community at large. As referenced: https://www.dailycamera.com/2020/10/03/medtronic-plans-lafayette-campus-south-of-good-samaritan-medical-center/ - The plans collapsed in recent weeks as Brue Baukol failed to win over Louisville’s Planning Commission and City Council, members of which said "the overall development was too large and too dense". This seemingly good thing is in reality what’s deemed a Trojan horse. Thus equates to a possible bad business decision & investment agreement by the City Planning & Council of Lafayette, holding its representatives responsible in its oath of service & due diligence to serve the best interest of Lafayette community at large. I look forward to your response, Respectfully, Rob Carter (ALDAP) https://www.pay-it-forward.global/ Rob Carter - Junior Partner callcarter@comcast.net (720) 530-1200 Colorado Division
Medtronic Office Campus JC Williams Tue 10/13/2020 3:31 PM To: Jana Easley Ms. Easley, Thank you for the notice of Intent to Develop on the Medtronic Office Campus. The date of the letter September 30th, which was received as the open comment period began was a small window to deal with as to notice. Magnolia Minerals Trust owns the mineral rights on the said property. Any development will have to take into account future development of those rights. Appropriate consideration will have to be taken into account as the property is planned in order for those rights to be protected. With kind regards, Jim Williams James C. Williams Magnolia Minerals Trust, LLC 1616 Seventeenth Street, Suite 572 Denver, Colorado 80202 303-628-5586 303-628-5517 fax 720-560-2006 cell Magnolia Minerals Trust, LLC, a Colorado Limited Liability Company, acts as a principal in its activities and is not a land broker, agent, or subsidiary of any other company.
FW: Online Form Submission #29680 for Medtronic Illustrative Plan - Resident Input Form Michelle Verostko Tue 10/13/2020 8:28 AM To: Jana Easley Cc: Debbie Wilmot See below From: noreply@civicplus.com Sent: Monday, October 12, 2020 9:19 PM To: Michelle Verostko ; Jana Easley Subject: Online Form Submission #29680 for Medtronic Illustra ve Plan - Resident Input Form Medtronic Illustrative Plan - Resident Input Form Please complete your input form by 11:59pm on October 13, 2020. First and Last Name Alicia Miers Home Address 10926 Maple Rd City Lafayette Day me Phone 3038593066 Email address aliciaoshearer@yahoo.com Have you viewed the set of Yes illustra ve plans for this project? Please share your The full access to highway 287 is concerning. Access for comments pertaining to the residents from Maple Road is already concerning at this portion illustra ve plan provided by of the highway. With approved Sundar development there the applicant. needs to be a full traffic study by CDOT before full access to highway 287 is considered. Height of building is not congruent with other buildings in Lafayette except maybe neighboring Good Samaritan hospital. Colorado Tech center in nearby Louisville has lower building heights that would be more appropriate. Email not displaying correctly? View it in your browser.
Response to proposed Medtronic Office Campus, Lafayette, CO Karen Miller Mon 10/12/2020 8:55 PM To: medtronic@ryancompanies.com Cc: Jana Easley ; John Miller ; Karen Miller Molly Carson Ryan Companies US, Inc. 3900 E Camelback Rd Phoenix, AZ 85018 medtronic@ryancompanies.com Hello, We have reviewed the proposed development plan for the Medtronic Office Campus in Lafayette, CO, and have the following concerns: 1. Highway 287 is a busy 4 lane state highway with ever-increasing traffic. There are traffic signals at Campus Drive to the north of the proposed development and Dillon Road (both westbound and eastbound signals) to the south. The lights at Dillon Road already cause numerous accidents due to the number of cars and large trucks that pass through the intersections, the dual lights on the north and south side of the E-470 overpass and the left turns across traffic traveling at 55 mph. We are concerned adding another light in between Campus Drive and Dillon Road will increase the number of accidents along this section of highway. We would prefer to see the entrance to the proposed development from southbound Highway 287 located at Campus Drive with access to the Medtronic Office Campus by extending Crescent Drive into the Medtronic facility. In addition, the entrance from northbound Highway 287 could be located at the proposed entrance with no traffic signals. This would eliminate the need for additional stops that would increase the congestion between Dillon Road and Campus Drive. 2. The noise from Highway 287 is disturbing to those living in the eastern part of the South Pointe community. The additional traffic caused by this new facility will add to that and is of great concern to us. We would like to see some noise mitigation on the west side of Highway 287 to buffer the increased traffic noise. Installation of a concrete or stone wall, similar to that installed north of Empire Road on the west side of Highway 287, should be evaluated and then included in the proposal. While we are not overjoyed to see such a high-profile building block our view to the east, we understand the city's need to see this land developed. We appreciate your efforts to be conscientious, new neighbors and thank you for the opportunity to voice our concerns about this proposed development. Respectfully, John Miller Karen Miller 2946 Golden Eagle Cir Lafayette, CO 80026
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