Colorado State University FY 2009-10 Cash-Funded Requests
COMMITTEE ON CAPITAL DEVELOPMENT
|Votes: View--> ||Action Taken: |
|Approve Biology Building ($60,000,000 CF) and Eddy||PASS|
08:03 AM -- Colorado State University FY 2009-10 Cash-Funded Requests
The committee was called to order. A quorum was present. Mr. Rich Schweigert, Chief Financial Officer, Colorado State University (CSU), presented two FY 2009-10 cash-funded requests, including: (1) Biology Building; and (2) Eddy Building Renovation (Capital Renewal Project). Committee members received a summary of both requests, prepared by Legislative Council Staff (Attachment A). Mr. Schweigert gave an overview of the requests and explained why the projects were tabled by the committee earlier in the 2009 session. Mr. Schweigert said the projects would not move forward without approval from students for an increase in the student fee for capital improvements. Mr. Schweigert addressed questions about whether approval for the projects by the General Assembly prior to a student vote to increase student fees makes a difference in getting student approval for student fee increases. Discussion ensued.
Mr. Schweigert answered a question about whether CSU hopes to use federal stimulus dollars for the Biology Building and Eddy Building Renovation projects. In response to a question, Mr. Schweigert explained the terms of bonds issued against the existing student fee for capital improvements. Discussion continued about the potential increase in the student fee for capital improvements.
|BILL:||Colorado State University FY 2009-10 Cash-Funded Requests |
|TIME: || 08:20:20 AM|
|MOTION:||Approve Biology Building ($60,000,000 CF) and Eddy Building Renovation (Capital Renewal Project) ($6,000,000 CF), contingent upon limiting the increase of the student fee for capital construction to no more than an additional $10.00 per credit hour. The motion carried on a vote of 6-0.|
Final YES: 6 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS