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J_CDC_2019A 09/04/2019 07:41:11 AM Committee Summary

PUBLIC
STAFF SUMMARY OF MEETING
JOINT COMMITTEE COMMITTEE ON CAPITAL DEVELOPMENT COMMITTEE
Date 09/04/2019
Attendance
Beckman *
Sonnenberg X
Story X
Valdez A. E
Fields *
Roberts X
X = Present, E = Excused, A = Absent, * = Present after roll call
Time 07:41:11 AM to 09:21:48 AM
Place SCR 357
This Meeting was called to order by Representative Roberts
This Report was prepared by Vanessa Reilly
Hearing Items Action Taken
Presentation of 2019 Higher Education Revenue Bond Intercept Program Report Committee Discussion Only
Staff Presentation on Higher Education Academic Debt Committee Discussion Only
Consideration of Two-Year Cash List, Colorado State University Approved
Consideration of Intercept Program Participation, Colorado State University Approved
Consideration of Real Property Transaction, Colorado Parks and Wildlife Approved
Consideration of Emergency Supplemental Request, Department of Personnel and Administration Approved

Presentation of 2019 Higher Education Revenue Bond Intercept Program Report - Committee Discussion Only


07:41:52 AM  
Dave Young, State Treasurer, presented
the 2019 Higher Education Revenue Bond Intercept Program (Intercept program)
report to the committee (Attachment A).
07:47:16 AM  

Treasurer Young responded to a committee question regarding why institutions choose to use the Intercept program.

07:47:43 AM  

Kori Donaldson, representing Legislative Council Staff, responded to a committee member question regarding Western Colorado University.

07:49:14 AM  
Treasurer Young responded to a committee question regarding the state's credit rating.



Staff Presentation on Higher Education Academic Debt - Committee Discussion Only


07:59:11 AM  

Matt Bishop, representing Legislative Council Staff, gave a presentation to the committee on debt funding for academic facilities and distributed a handout (Attachment B).



Consideration of Two-Year Cash List, Colorado State University - Approved


08:14:37 AM  

Lynn Johnson and Margaret Henry, representing Colorado State University (CSU) and the Colorado State University System, presented CSU's two-year cash list (Attachment C).

08:36:40 AM  
Ms. Johnson responded to committee members' questions.


08:37:35 AM
Motion Approve the new projects listed on the Colorado State University two-year projections of cash need.
Moved Fields
Seconded
Beckman Yes
Sonnenberg Yes
Story Yes
Valdez A. Excused
Fields Yes
Roberts Yes
YES: 5   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  PASS



Consideration of Intercept Program Participation, Colorado State University - Approved


08:38:12 AM  

Margaret Henry, representing the Colorado State University System, presented the Shephardson project to the committee.  Legislative Council Staff distributed a handout (Attachment D).

08:41:13 AM  
Ms. Henry responded to committee members'
questions regarding the Intercept program.
08:43:30 AM  
Kori Donaldson, representing Legislative Council Staff, responded to committee members' questions.


08:44:13 AM
Motion Authorize the use of the Higher Education Bond Intercept program for the Shephardson Renovation and Addition project.
Moved Fields
Seconded
Beckman No
Sonnenberg Yes
Story Yes
Valdez A. Excused
Fields Yes
Roberts Yes
YES: 4   NO: 1   EXC: 1   ABS:  0   FINAL ACTION:  PASS



Consideration of Real Property Transaction, Colorado Parks and Wildlife - Approved


08:44:42 AM  

Doug Vilsack and Rick Basagoitia, representing Colorado Parks and Wildlife and the Department of Natural Resources, presented the Hale South River Ranch property transaction (Attachment E).

08:46:58 AM  
Mr. Vilsack responded to committee members' questions.


09:05:42 AM
Motion Recommend to the Colorado Parks and Wildlife Commission support for the Division of Parks and Wildlife's proposal to acquire access and conservation easements at Hale South River Ranch.
Moved Fields
Seconded
Beckman No
Sonnenberg Yes
Story Yes
Valdez A. Excused
Fields Yes
Roberts Yes
YES: 4   NO: 1   EXC: 1   ABS:  0   FINAL ACTION:  PASS



Consideration of Emergency Supplemental Request, Department of Personnel and Administration - Approved


09:06:13 AM  
Kara Veitch, Randy Gisebert, and Richard Lee, representing the Department of Personnel, presented the emergency supplemental request to the committee (Attachment F).
09:17:58 AM  
The panel responded to committee members' questions regarding the repair work.


09:21:27 AM
Motion Approve the emergency supplemental request from the Department of Personnel and Administration for state funds to repair the plumbing systems in the State Capitol Annex Building ($4,070,023 CCF).
Moved Fields
Seconded
Beckman Yes
Sonnenberg Yes
Story Yes
Valdez A. Excused
Fields Yes
Roberts Yes
YES: 5   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  PASS


09:21:48 AM   The committee adjourned.






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