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J_CDC_2022A 02/24/2022 08:34:17 AM Committee Summary

PUBLIC
STAFF SUMMARY OF MEETING
JOINT COMMITTEE COMMITTEE ON CAPITAL DEVELOPMENT COMMITTEE
Date 02/24/2022
Attendance
Fields X
Rich X
Sonnenberg X
Valdez D. X
Hooton *
Story X
Time 08:34:17 AM to 09:05:32 AM
Place SCR 357
This Meeting was called to order by Story
This Report was prepared by Bo Pogue
Hearing Items Action Taken
Consideration of Draft Legislation Committee Discussion Only
Discussion on Building Sponsorships

Consideration of Draft Legislation - Committee Discussion Only

08:34:27 AM  
The committee was
called to order.  A quorum was present.  Ms. Nicole Myers, Office
of Legislative Legal Services, provided an overview of draft legislation
concerning money in the Creative Industries Cash Fund.  This legislation
was the result of a request from the Joint Budget Committee (JBC) to the
CDC.  The original letter from the JBC to the CDC concerning this
matter is included as Attachment A. The draft legislation is included as
Attachment B.
08:40:28 AM  
Ruth Wilson, Office
of Economic Development and International Trade (OEDIT), explained why
the legislation is needed, and how the Art in Public Places Program has
operated previously.  Ms. Wilson responded to questions regarding
which option outlined in the draft legislation is the one the office is
currently executing.  Ms. Myers provided input on the nature of current
statutory language.  Discussion ensued regarding the need for the
legislation.  Discussion returned to which option comports with current
practice.  Discussion ensued regarding how Art in Public Places money
is currently being spent.  Ms. Wilson responded to questions regarding
why it takes three years to spend money on an Art in Public Places installation.
 Discussion again returned to which option comports with current practice.
08:50:28 AM  
The committee decided
that more information was needed before deciding whether or not to introduce
the draft legisaltion. Committee members directed CDC staff to engage in
further conversations with OEDIT and JBC staff on the matter and report
back to the committee.



Discussion on Building Sponsorships -

08:57:09 AM  
At the request of
the JBC, the committee discussed protocol around naming sponsorships for
state-funded buildings, specifically in regards to the Nutrien Agricultural
Sciences Building fka the Shepardson Building at Colorado State University.

The original
letter from the JBC to the CDC concerning sponsored building naming rights
is included as Attachment C. An explanation from Colorado State University
on their naming policies is included as Attachment D.

08:57:10 AM  
The committee requested
CDC staff draft a letter to the JBC outlining the following points:

1. The naming of buildings/classrooms after individuals or private sector
companies has been common for decades;

2. The CDC is thankful for private sector and individual contributions
to higher education;

3. The CDC supports higher education institutions in seeking outside funding;

4. CDC has no desire to create or implement policies or restrictions on
naming facilities or how funding can be raised; and

5. The CDC asserts that the State of Colorado doesn’t invest enough funding
in capital and the CDC supports higher education institutions seeking opportunities
to bolster funding through fundraising.


08:57:30 AM
Motion Send a letter to the JBC asserting that
1. The naming of buildings/classrooms after individuals or private sector companies has been common for decades;
2. The CDC is thankful for private sector and individual contributions to higher education;
3. The CDC supports higher education institutions in seeking outside funding;
4. CDC has no desire to create or implement policies or restrictions on naming facilities or how funding can be raised; and
5. The CDC asserts that the State of Colorado doesn’t invest enough funding in capital and the CDC supports higher education institutions seeking opportunities to bolster funding through fundraising.
Moved Hooton
Seconded
Fields Yes
Rich Yes
Sonnenberg Yes
Valdez D. Yes
Hooton Yes
Story Yes
YES: 6   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  PASS


09:05:32 AM   The committee adjourned.






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