J_CDC_2022A 01/13/2022 08:08:11 AM Committee Summary PUBLICSTAFF SUMMARY OF MEETINGJOINT COMMITTEE COMMITTEE ON CAPITAL DEVELOPMENT COMMITTEE Date 01/13/2022 Attendance Fields * Rich X Sonnenberg X Valdez D. X Story X Hooton X Time 08:08:11 AM to 08:33:41 AM Place SCR 357 This Meeting was called to order by Story This Report was prepared by Nina Forbes Hearing Items Action Taken hConsideration of Supplemental Request, Colorado School of Mines Committee Discussion Only hConsideration of Supplemental Request, Colorado State University Committee Discussion Only hConsideration of Operating Request, Governor's Office of Economic Development and International Trade Committee Discussion Only Consideration of Supplemental Request, Colorado School of Mines - Committee Discussion Only Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/8E1B2F2A76E1...$File/Attachment A.pdf?OpenElement Attachment A.pdf 08:09:27 AM Kirsten Volpi, Executive Vice President of Colorado School of Mines (Mines), presented Mines' supplemental request to withdraw $1.8 million in state funding and $120 million in cash funding authority for the Subsurface Frontiers Building project due to the fact that Mines received federal funding for the project. The Mines Supplemental Request is included as Attachment A. 08:12:25 AM Motion Approve the supplemental request from the Colorado School of Mines for the Subsurface Frontiers Building project (-$1,856,741 CCF; -$120,000,000 CF). Moved Hooton Seconded Fields Excused Rich Yes Sonnenberg Yes Valdez D. Yes Story Yes Hooton Yes YES: 5 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS Consideration of Supplemental Request, Colorado State University - Committee Discussion Only Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/094286199EA5...$File/Attachment B.pdf?OpenElement Attachment B.pdf 08:12:49 AM Henry Sobanet, Senior Vice Chancellor for Administration & Government Relations/ Chief Financial Officer at Colorado State University (CSU), presented on CSU's supplemental request to rescind cash funding spending authority for the Shepardson Building Renovation and Addition project. CSU's Supplemental Request is included as Attachment B. 08:18:51 AM Motion Approve the request from Colorado State University to rescind cash funds spending authority for FY 2020-21 for the Shepardson Building Renovation and Addition project (-$3,100,000 CF). Moved Hooton Seconded Fields Yes Rich Yes Sonnenberg Yes Valdez D. Yes Story Yes Hooton Yes YES: 6 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS Consideration of Operating Request, Governor's Office of Economic Development and International Trade - Committee Discussion Only Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/1CF9CC8DF64D...$File/Attachment C.pdf?OpenElement Attachment C.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/860FFFA77DC0...$File/Attachment D.pdf?OpenElement Attachment D.pdf 08:19:03 AM Leslie Hylton, Director of Government Affairs, Office of Economic Development and International Trade (OEDIT), and Ruth Wilson, Director of Administration & Partnerships for Colorado Creative Industries and the Art in Public Places (AiPP) Program Director, presented a request to align AiPP spending authority with the typical schedule for capital construction projects. Specifically, OEDIT requests that the Creative Industries Cash Fund appropriation be increased from two to three years. A letter from the Joint Budget Committee (JBC) to the CDC on this matter is included as Attachment C. An explanation of OEDIT's request is included as Attachment D. 08:22:25 AM Matt Bishop, Legislative Council Staff, explained the specific requests the JBC has of the CDC in regards to OEDIT's request. 08:27:33 AM The CDC decided to draft a response letter to JBC and put in a bill request to LLS to fix the issue OEDIT outlined. 08:31:40 AM Motion Move that the Capital Development Committee go forward with a letter to Joint Budget Committee that the committee will go forward with legislation to extend the Creative Industries Cash Fund appropriation from two to three years. Moved Hooton Seconded Fields Yes Rich Yes Sonnenberg Yes Valdez D. Yes Story Yes Hooton Yes YES: 6 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS 08:31:49 AM Matt Bishop, Legislative Council Staff, gave committee members an update on additional FY 2022-23 capital requests, which will be discussed in depth at a future meeting. 08:33:41 AM The committee adjourned.