J_CDC_2019A 06/14/2019 11:24:00 AM Committee Summary PUBLICSTAFF SUMMARY OF MEETINGJOINT 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 hBuilding Excellent Schools Today Prioritized List of Lease-Purchase Projects Pass hWestern 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 Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2019A/commsumm.nsf/0/F7C5722EF367...$File/190614 AttachA.pdf?OpenElement 190614 AttachA.pdf 11:25:00 AM Andy Stine, Director of Capital Construction and Kathy Gebhardt, Chair, Capital Construction Assistance Board, both representing the Colorado Department of Education, presented a prioritized list of Building Excellent Schools Today (BEST) projects to be financed through certificates of participation. Committee members received a fact sheet about the BEST program (Attachment A). Mr. Stine gave an update on the BEST program, including an overview of the projects funded and revenue received. 11:30:00 AM Mr. Stine responded to committee questions about the location of the proposed FY 2019-20 BEST projects. He also responded to questions about energy efficiency standards required in BEST project construction. Ms. Gebhardt also commented on the committee's questions. 11:40:00 AM Committee discussion and questions ensued on topics related to prioritizing BEST projects, making annual lease payments for the certificates of participation, how need is assessed, and cash matches for the program. 11:55:00 AM The committee discussed whether it could delay the vote on the project list until its next meeting. Mr. Stine and Ms. Gebhardt responded to questions about possible consequences associated with delaying committee action on the list. 12:14:00 PM Motion Approve the FY 2019-20 list of recommended Building Excellent Schools Today lease-purchase grants, including five renovation or replacement projects and two back-up projects. Moved Story Seconded Beckman Yes Sonnenberg Yes Story Yes Valdez A. Yes Fields Excused Roberts Yes YES: 5 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS Western Colorado University Two Year List - Pass Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2019A/commsumm.nsf/0/EC8D0EF4AE8E...$File/190614 AttachB.pdf?OpenElement 190614 AttachB.pdf 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.