Date: 12/02/2009

Final
Adams State College

COMMITTEE ON CAPITAL DEVELOPMENT

Votes: View--> Action Taken:
Approve Adams State College's FY 2010-11 Two-Year
Approve the FY 2009-10 supplemental request for ad
Approve the FY 2010-11 request for cash funds spen
Approve the FY 2010-11 request for cash funds spen		PASS
PASS
PASS
PASS



09:02 AM -- Adams State College

Dr. David Svaldi, President, Mr. Bill Mansheim, Vice President of Finance and Administration, and Mr. Erik van de Boogaard, Associate Vice President of Facilities Planning and Design, all of Adams State College, and Mr. Tim Walters, Chair, Board of Trustees, presented the college's FY 2010-11 request and five-year projection of need. Dr. Svaldi told the committee that there is a demand for improvements to student housing, and updated the committee about a recent vote for a student capital fee for auxiliary facilities. He briefly summarized the FY 2010-11 request for the Richardson Hall Renovation project.

Mr. Mansheim explained how the student capital fee will be used to finance various cash projects and presented two FY 2010-11 cash projects including (1) Education and Social Studies Building Renovation; and (2) Music Building Remodel. Committee members received a description of both cash requests, prepared by Legislative Council Staff (Attachments B and C, respectively). Mr. Mansheim next presented a FY 2009-10 supplemental request for additional cash funds spending authority for the Auxiliary Facilities project. Committee members received a summary of the supplemental request, prepared by Legislative Council Staff (Attachment D).

09CDC1202AttachB.pdf09CDC1202AttachC.pdf09CDC1202AttachD.pdf

09:08 AM

Mr. van de Boogaard continued the presentation of the two FY 2010-11 cash requests and the FY 2009-10 supplemental request. Committee members also received a list of the college's FY 2010-11 Two-Year Projection of Cash Need, prepared by Legislative Council Staff (Attachment E). Mr. Mansheim addressed questions about the source of cash funds for the various projects listed on the two-year list. He then responded to questions about the college's existing student capital fee. Discussion commenced about the aging infrastructure on the campus and the high usage of many of its facilities. Discussion turned to projects subject to the Higher Education Revenue Bond Intercept Program.

09CDC1202AttachE.pdf
BILL:Adams State College
TIME: 09:24:58 AM
MOVED:Riesberg
MOTION:Approve Adams State College's FY 2010-11 Two-Year Projection of Cash Need (see Attachment E). The motion passed on a vote of 5-0-1.
SECONDED:
VOTE
Kopp
Yes
McFadyen
Excused
Schwartz
Yes
Sonnenberg
Yes
Riesberg
Yes
Bacon
Yes
Final YES: 5 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS


BILL:Adams State College
TIME: 09:25:30 AM
MOVED:Riesberg
MOTION:Approve the FY 2010-11 request for cash funds spending authority for the Education and Social Studies Building Renovation project ($12,150,727 CF). The motion passed on a vote of 5-0-1.
SECONDED:
VOTE
Kopp
Yes
McFadyen
Excused
Schwartz
Yes
Sonnenberg
Yes
Riesberg
Yes
Bacon
Yes
Final YES: 5 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS


BILL:Adams State College
TIME: 09:26:12 AM
MOVED:Riesberg
MOTION:Approve the FY 2010-11 request for cash funds spending authority for the Music Building Remodel project ($6,254,103 CF). The motion passed on a vote of 5-0-1.
SECONDED:
VOTE
Kopp
Yes
McFadyen
Excused
Schwartz
Yes
Sonnenberg
Yes
Riesberg
Yes
Bacon
Yes
Final YES: 5 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS


BILL:Adams State College
TIME: 09:26:44 AM
MOVED:Riesberg
MOTION:Approve the FY 2009-10 supplemental request for additional cash funds spending authority for the Auxiliary Facilities project ($10,000,000 CF). The motion passed on a vote of 5-0-1.
SECONDED:
VOTE
Kopp
Yes
McFadyen
Excused
Schwartz
Yes
Sonnenberg
Yes
Riesberg
Yes
Bacon
Yes
Final YES: 5 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS



09:28 AM

Mr. Walters made some closing remarks.