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88D55B537ECEE3B9872582FF0053656D Hearing Summary




PUBLIC
BILL SUMMARY For COLORADO STATE UNIVERSITY TWO-YEAR CASH LIST

JOINT COMMITTEE COMMITTEE ON CAPITAL DEVELOPMENT COMMITTEE
Date Sep 5, 2018      
Location SCR 357



Colorado State University Two-Year Cash List - Two-year List Approved


09:11:06 AM  

Ms. Lynn Johnson, Vice President of University Operations, and Ms. Margaret Henry, Treasurer, Colorado State University, presented a two-year projection of cash need list for the university system. Committee members received copies of the two-year list, created by Legislative Council Staff (Attachment C).  Ms. Johnson responded to questions about the location of the Center for Vector-Borne Infectious Diseases facility, and the use of space vacated by programs that will move to the new facility. Discussion ensued regarding the yearly debt service for the projects on the two-year list, and grant funding available for the Center for Vector-Borne Infectious Diseases facility. Ms. Johnson returned to briefing the committee about the projects on the two-year list. Discussion followed regarding the High Plains Campus Expansion project. Ms. Kori Donaldson, Legislative Council Staff, explained why the approval date is "TBD" on Attachment C. Ms. Johnson returned to discussing the projects on the two-year list. Ms. Johnson responded to questions regarding the factors that lead the university to utilize the Higher Education Bond Intercept Program.

09:26:41 AM  

Ms. Henry responded to questions regarding the bonding rate when using the Higher Education Bond Intercept Program. Ms. Johnson responded to questions regarding the use of student fees to finance projects on the two-year list. Ms. Johnson returned to briefing the committee about the projects on the two-year list.  Ms. Johnson responded to questions regarding the location of a project on the two-year list.



09:30:47 AM
Motion Recommend cash funds spending authority for the new projects and reauthorize cash funds spending for the existing projects listed on the Colorado State University two-year projection of cash need.
Moved Esgar
Seconded
Becker J. Yes
Hansen Yes
Kefalas Yes
Sonnenberg Yes
Esgar Yes
Cooke Yes
YES: 6   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  PASS


09:31:28 AM
Motion Authorize the use of the Higher Education Bond Intercept program for the following projects: (1) Center for Vector-Borne Infectious Diseases; (2) High Plains Campus Expansion; (3) JBS Global Food Innovation Center Phase II; (4) Richardson Design Center Tenant Finish; and (5) Western Campus Expansion.
Moved Esgar
Seconded
Becker J. Yes
Hansen Yes
Kefalas Yes
Sonnenberg Yes
Esgar Yes
Cooke Yes
YES: 6   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  PASS