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 AttachC.pdf160106 AttachD.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
|
||