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j_cdc_2016a_2016-01-06t09:14:00z1 Hearing Summary

Date: 01/06/2016



Final

Colorado Mesa University



COMMITTEE ON CAPITAL DEVELOPMENT COMMITTEE


Votes: View--> Action Taken:
Approve the projects listed on the Colorado Mesa U

Approve the request from Colorado Mesa University

Approve the request from Colorado Mesa University
PASS

PASS

PASS







09:16 AM -- Colorado Mesa University



Mr. Matt Becker, Legislative Council Staff, discussed Colorado Mesa University's revised two-year projection of cash need, which includes two Higher Education Revenue Bond Intercept Program projects: Kinesiology Expansion and Student Housing Phase VII. Committee members received the revised two-year projection of cash need and summaries of the two projects, prepared by Legislative Council Staff (Attachments B, C, and D). Committee members also received a debt capacity analysis for the university, prepared by the State Treasurer's Office (Attachment E). Mr. Tim Foster, President, representing Colorado Mesa University, came to the table to discuss Colorado Mesa University's requests and its plans for future capital construction projects. He also responded to committee questions regarding the financing of the projects.



160106 AttachB.pdf160106 AttachB.pdf160106 AttachC.pdf160106 AttachC.pdf160106 AttachD.pdf160106 AttachD.pdf160106 AttachE.pdf160106 AttachE.pdf

BILL: Colorado Mesa University
TIME: 09:23:09 AM
MOVED: Sonnenberg
MOTION: Approve the projects listed on the Colorado Mesa University two-year projection of cash need. The motion passed on a vote of 6-0.
SECONDED:
VOTE
Becker K.
Yes
Brown
Yes
Esgar
Yes
Kefalas
Yes
Sonnenberg
Yes
Baumgardner
Yes
Final YES: 6 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS




BILL: Colorado Mesa University
TIME: 09:23:51 AM
MOVED: Sonnenberg
MOTION: Approve the request from Colorado Mesa University to use funds borrowed under the Higher Education Revenue Bond Intercept Program on behalf of the Student Housing Phase VII project. The motion passed on a vote of 6-0.
SECONDED:
VOTE
Becker K.
Yes
Brown
Yes
Esgar
Yes
Kefalas
Yes
Sonnenberg
Yes
Baumgardner
Yes
Final YES: 6 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS




BILL: Colorado Mesa University
TIME: 09:24:49 AM
MOVED: Sonnenberg
MOTION: Approve the request from Colorado Mesa University to use funds borrowed under the Higher Education Revenue Bond Intercept Program on behalf of the Kinesiology Expansion project. The motion passed on a vote of 6-0.
SECONDED:
VOTE
Becker K.
Yes
Brown
Yes
Esgar
Yes
Kefalas
Yes
Sonnenberg
Yes
Baumgardner
Yes
Final YES: 6 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS












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