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J_CDC_2019A 06/14/2019 11:24:00 AM Committee Summary

PUBLIC
STAFF SUMMARY OF MEETING
JOINT COMMITTEE COMMITTEE ON CAPITAL DEVELOPMENT COMMITTEE
Date 06/14/2019
Attendance
Beckman X
Sonnenberg X
Story X
Valdez A. X
Fields E
Roberts X
X = Present, E = Excused, A = Absent, * = Present after roll call
Time 11:24:00 AM to 12:20:00 PM
Place Offsite
This Meeting was called to order by Representative Roberts
This Report was prepared by Kori Donaldson
Hearing Items Action Taken
Building Excellent Schools Today Prioritized List of Lease-Purchase Projects Pass
Western Colorado University Two Year List Pass

11:24:00 AM
The committee was called to order.  A
quorum was present.  The meeting was held offsite at the Buena Vista
School District Administration Building Board Room.



Building Excellent Schools Today Prioritized List of Lease-Purchase Projects - Pass


11:25:00 AM  
Andy Stine, Director of Capital Construction
and Kathy Gebhardt, Chair, Capital Construction Assistance Board, both
representing the Colorado Department of Education, presented a prioritized
list of Building Excellent Schools Today (BEST) projects to be financed
through certificates of participation.  Committee members received
a fact sheet about the BEST program (Attachment A).  Mr. Stine gave
an update on the BEST program, including an overview of the projects funded
and revenue received.
11:30:00 AM  
Mr. Stine responded to committee questions
about the location of the proposed FY 2019-20 BEST projects.  He also
responded to questions about energy efficiency standards required in BEST
project construction.  Ms. Gebhardt also commented on the committee's
questions.
11:40:00 AM  
Committee discussion and questions ensued
on topics related to prioritizing BEST projects, making annual lease payments
for the certificates of participation, how need is assessed, and cash matches
for the program.
11:55:00 AM  
The committee discussed whether it could
delay the vote on the project list until its next meeting.  Mr. Stine
and Ms. Gebhardt responded to questions about possible consequences associated
with delaying committee action on the list.


12:14:00 PM
Motion Approve the FY 2019-20 list of recommended Building Excellent Schools Today lease-purchase grants, including five renovation or replacement projects and two back-up projects.
Moved Story
Seconded
Beckman Yes
Sonnenberg Yes
Story Yes
Valdez A. Yes
Fields Excused
Roberts Yes
YES: 5   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  PASS



Western Colorado University Two Year List - Pass


12:15:00 PM  
Matt Bishop, Legislative Council Staff,
presented a two-year cash list on behalf of Western Colorado University.
 Committee members received a copy of the list (Attachment B).  Mr.
Bishop gave an overview of the two listed projects, both of which involve
the transfer of property from the university foundation to the university
at little or no cost.


12:19:00 PM
Motion Approve the new projects listed on the Western Colorado University two-year projection of cash need.
Moved Story
Seconded
Beckman Yes
Sonnenberg Yes
Story Yes
Valdez A. Yes
Fields Excused
Roberts Yes
YES: 5   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  PASS


12:20:00 PM   The committee adjourned.