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j_cdc_2016a_2016-08-31t08:05:06z1 Hearing Summary

Date: 08/31/2016



Final

UCCS Two-Year Cash List



COMMITTEE ON CAPITAL DEVELOPMENT COMMITTEE


Votes: View--> Action Taken:
Approve the new project listed on the University o PASS







08:19 AM -- UCCS Two-Year Cash List



Teresa Osborne, Director of Capital Assets, and Susan Szpyrka, Senior Vice Chancellor, Administration and Finance, both representing the University of Colorado at Colorado Springs (UCCS) discussed a new project on its two-year projection of cash need: Indoor Practice Field and Baseball Diamond. Committee members received a summary of the project, prepared by Legislative Council Staff (Attachment B). Ms. Szpyrka discussed the recent history of athletic programs at UCCS and the students' desire to create new athletic programs. She also discussed the university's efforts to use other nearby athletic facilities.



160831 AttachB.pdf160831 AttachB.pdf





08:28 AM



Discussion ensued about student fees that will be used for the project, as well as the bonds associated with the project and the student vote approval for the project. Ms. Szpyrka discussed the turnout and the results of the student vote for the fee increase.





08:37 AM



Discussion ensued on the potential revenue stream associated with renting the facility, as well as the other sources of cash funds that will be used to pay for the project. Discussion ensued on the potential for the UCCS Board to sunset the portion of the fee that will be used to repay the bonds issued for the project. Ms. Szpyrka responded to a committee question related to the potential increase in enrollment as a result of the project, as well as a question related to student debt.


BILL: UCCS Two-Year Cash List
TIME: 08:47:17 AM
MOVED: Brown
MOTION: Approve the new project listed on the University of Colorado at Colorado Springs 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














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