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J_CDC_2016A 02/25/2016 07:33:00 AM Committee Summary

Final

STAFF SUMMARY OF MEETING



COMMITTEE ON CAPITAL DEVELOPMENT COMMITTEE

Date: 02/25/2016
ATTENDANCE
Time: 07:33 AM to 08:45 AM
Becker K.
X
Brown
X
Place: SCR 356
Kefalas
X
Sonnenberg
X
This Meeting was called to order by
Vigil
X
Senator Baumgardner
Baumgardner
X
This Report was prepared by
Matt Becker
X = Present, E = Excused, A = Absent, * = Present after roll call
Bills Addressed: Action Taken:
University of Colorado Two-Year Cash List

Discussion on Potential Legislation
Recommendation(s) Approved

Witness Testimony and/or Committee Discussion Only





07:33 AM -- University of Colorado Two-Year Cash List



The committee was called to order. A quorum was present. Kori Donaldson, Legislative Council Staff, explained the 15 percent enhancement clause under current law for higher education cash-funded projects. Committee discussion ensued on the statutory history of the 15 percent enhancement clause.





07:37 AM



Glen Gallegos, Board of Regents, University of Colorado (CU), explained recent action by the CU Board of Regents to approve additional spending authority for the university's Athletics Complex project. Committee members received a summary of the revised project on the university's two-year projection of cash need, prepared by Legislative Council Staff (Attachment A). Rick George, CU Athletic Director, discussed the purposes of the project and how it benefits student athletes. Dr. Phil DiStefano, CU Chancellor, explained the reasons for the increased cost of the project.



160225 AttachA.pdf160225 AttachA.pdf

BILL: University of Colorado Two-Year Cash List
TIME: 07:43:58 AM
MOVED: Sonnenberg
MOTION: Approve the revised project listed on the University of Colorado at Boulder two-year projection of cash need. The motion passed on a vote of 6-0.
SECONDED:
VOTE
Becker K.
Yes
Brown
Yes
Kefalas
Yes
Sonnenberg
Yes
Vigil
Yes
Baumgardner
Yes
Final YES: 6 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS



07:44 AM -- Discussion on Potential Legislation



Esther van Mourik, Office of Legislative Legal Services, discussed a draft of potential committee legislation concerning the disposition of state-owned real property. Committee members received a copy of the draft legislation (Attachment B). Ms. Donaldson explained the current process regarding the disposition of real property. Committee discussion ensued on the management of state-owned property and on how to incentivize reinvestment of proceeds from any potential sales of real property.



160225 AttachB.pdf160225 AttachB.pdf



07:52 AM



Committee discussion ensued on the current process for the disposition of real property. Ms. Donaldson discussed responses received from higher education institutions regarding the potential legislation. Committee discussion ensued on the State Architect Office's role in the disposition of real property.













08:07 AM



Ms. Donaldson discussed responses received from the Departments of Transportation, Corrections, and Military and Veterans Affairs. Ms. van Mourik discussed the breadth of the potential legislation and how it has the potential to impact each state agency and higher education institution in a different way. Ms. Donaldson discussed annual reporting by the Office of the State Architect regarding the disposition of real property.



08:15 AM



Committee discussion ensued on the committee's process for recommending dispositions of real property. Committee discussion continued on how proceeds from the dispositions of real property could be used by the state.



08:25 AM



Senator Baumgardner discussed a draft letter regarding the committee's potential recommendations for the Grand Junction Regional Center (GJRC) campus. Committee members received a copy of the potential draft letter (Attachment C). Committee discussion ensued on the future of the GJRC campus and on potential facility locations for the relocation of the GJRC residents.



160225 AttachC.pdf160225 AttachC.pdf



08:41 AM



Representative Thurlow discussed the potential to bifurcate the decision to sell the campus and the decision to relocate the GJRC residents as two separate issues. Committee discussion ensued.



08:45 AM



The committee adjourned.


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