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Cold front keeps Colorado cool with rain chances

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Cold front keeps Colorado cool with rain chances


Immediately’s Forecast:
Temperatures at present shall be seasonable or barely beneath common. The sky shall be sunny to begin with clouds rising by means of the afternoon and night. There’s a likelihood of showers and remoted thunderstorms this afternoon and night.

Colorado Springs forecast: Excessive: 67; Low: 45. Partly cloudy at present with a slight likelihood of showers this afternoon and a greater likelihood of showers this night.

Pueblo forecast: Excessive: 74; Low: 50. Partly to largely cloudy at present with hit and miss showers this afternoon and night.

Canon Metropolis forecast: Excessive: 71; Low: 51. Partly cloudy at present with a slight likelihood of showers this afternoon and night.

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Woodland Park forecast: Excessive: 59; Low: 37. Cool at present with partly cloudy sky circumstances and an opportunity of afternoon and night rain showers.

Tri-Lakes forecast: Excessive: 61; Low: 40s. Partly cloudy at present with a slight likelihood of showers this afternoon and a greater likelihood of showers this night.

Plains forecast: Excessive: 70s; Low: 40s/50s. Low to higher 70s within the plains with partly cloudy sky circumstances and spotty showers.

Walsenburg and Trinidad forecast: Excessive: 66/67; Low: 46/44. A cooler day with an opportunity of rain showers and remoted lightning this afternoon.

Mountains forecast: Excessive: 50s/60s; Low: 30s/40s. Higher-50s to mid-60s for mountain valleys with spotty showers this afternoon and night.

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Prolonged outlook forecast:
Wednesday will begin cool and cloudy with some spotty gentle rain lingering within the morning. Wednesday will deliver extra spotty afternoon showers and temperatures shall be a few levels cooler than at present. Circumstances start to dry out by Thursday with extra sunshine in direction of the tip of the week. Temperatures will stay beneath common by means of the tip of the week.
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Curious concerning the First Alert 5 Climate Storm Impression Scale? Try our cheatsheet explainer.

Watch KOAA News5 in your time, anytime with our free streaming app obtainable to your Roku, FireTV, AppleTV and Android TV. Simply search KOAA News5, obtain and begin watching.





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Colorado

Colorado authorities shut down low-income housing developer

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Colorado authorities shut down low-income housing developer


The Colorado Division of Securities is pursuing legal action against a man whom it claims deceived investors and used the ownership of federally supported low-income housing projects to line his own pockets. 

Securities Commissioner Tung Chan announced its civil court filings against Michael Dale Graham, 68, on Nov. 12. 

Chan’s office filed civil fraud charges against Graham, and also asked for a temporary restraining order and freezing of Graham’s assets and his companies’. A Denver district court judge immediately granted both. Since then, two court dates to review the those orders have canceled; a third is scheduled for mid-January.

Graham operates Sebastian Partners LLC, Sebastiane Partners LLC, and Gravitas Qualified Opportunity Zone Fund I LLC (“GQOZF”), all of which were controlled by Graham during his “elaborate real estate investment scheme,” as described by the securities office in a case document.

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The filing states Graham collected more than $1.1 million from eight investors to purchase three adjacent homes in Aurora. The Denver-based Gravitas fund and its investors purportedly qualified for the federal Qualified Opportunity Zone (QOZ) program with the homes. Qualified Opportunity Zones were created by the Tax Cuts and Jobs Act passed by Congress in 2017. The zones encouraged growth in low-income communities by offering tax benefits to investors, namely reductions in capital gains taxes on developed properties.

A file photo of a suburban housing development in the Denver metro area. 

Paul Souders/WorldFoto & Getty Images


Graham formed Gravitas in early 2019 and purchased the three homes located in the 21000 block of E. 60th Avenue two years later. He quickly sold one of them with notifying investors, according to the case document. While managing the other two, Graham and Gravitas transferred the fund’s assets and never operated within QOZ guidelines to the benefit of its investors or the community, according to the state. 

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Gravitas also transferred the titles for the two properties to Graham privately. As their owner, Graham obtained undocumented loans from friends totaling almost $600,000. The two loans used the two properties as security. 

Gravitas investors were never informed of the two loans, according to the case document. Also, Gravitas never sent its investors year-end tax reports, the securities office alleges. 

Graham used the proceeds of the loans for personal use. No specific details were provided about those uses.

“Effectively, Graham used Gravitas as his personal piggy bank,” as stated in the case document, “claiming both funds and properties as his own. Graham never told investors about the risks associated with transferring title to himself. On September 1, 2023, he sent a letter to investors, stating that the properties ‘we own’ are doing well and generating growth due to record-breaking home appreciation. But Gravitas no longer owned the properties.

“Gravitas no longer had assets at all.” 

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Furthermore, the securities office said Graham failed to notify investors of recent court orders against him in Colorado and California. In total, Graham was ordered to pay more than $1 million in damages related to previous real estate projects.

Graham’s most recent residence is in Reno, Nev., according to an online search of public records. He evidently has previously lived in Santa Monica, Calif., and Greenwood Village.

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Colorado weather: Temperatures staying in the 60s Sunday

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Colorado weather: Temperatures staying in the 60s Sunday


Colorado weather: Temperatures staying in the 60s Sunday – CBS Colorado

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Watch meteorologist Callie Zanandrie’s forecast.

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Colorado Springs police search for missing 20-year-old

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Colorado Springs police search for missing 20-year-old


COLORADO SPRINGS, Colo. (KKTV) – Police are searching for a missing at-risk adult.

They said 20-year-old Brandon Hugney was last seen Saturday night, around 7 p.m., at the Walmart on Platte avenue.

They shared a picture of Hugney, describing him as a 6′ man last seen wearing black-framed glasses with red trim, a grey fleece, blue pajama pants and black and white slippers.

Police said he likely isn’t properly dressed for the weather and was last seen heading west behind Walmart.

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If you know where he is or see him, call police at (719) 444-7000.



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