Bill Summary for Bill Number University of Colorado System FY 2009-10 Cash-Funded Requests

Date: 06/22/2009

Final
University of Colorado System FY 2009-10 Cash-Funded Requests

COMMITTEE ON CAPITAL DEVELOPMENT

Votes: View-->	Action Taken:
Approve the request for cash and federal funds spe Approve the request for cash funds spending author	PASS PASS

10:35 AM -- University of Colorado System FY 2009-10 Cash-Funded Requests

Ms. Teresa Osborne, Capital Assets Director, University of Colorado (CU) System, presented two FY 2009-10 cash-funded requests, including: (1) Health and Wellness Center, University of Colorado Denver; and (2) Systems Biotechnology Building, University of Colorado at Boulder. Committee members received a summary of the requests, prepared by Legislative Council Staff (Attachments B and C, respectively). Ms. Osborne responded to questions about the source of cash funds for the Health and Wellness Center project and explained how the facility's operating and maintenance expenses will be funded. She said the proposed facility will conduct research on wellness and nutrition. In response to a question, Ms. Osborne said that the university considers the proposed facility to be entirely academic. Senator Schwartz commended the research and teaching conducted on the CU-Denver campus.


BILL:	University of Colorado System
TIME:	10:42:44 AM
MOVED:	Bacon
MOTION:	Approve the request for cash funds spending authority for the Health and Wellness Center project ($37,720,827 CF). The motion passed on a vote of 6-0.
SECONDED:
		VOTE
	Kopp	Yes
	McFadyen	Yes
	Schwartz	Yes
	Sonnenberg	Yes
	Bacon	Yes
	Riesberg	Yes

Final YES: 6 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS

10:43 AM

Mr. Steve McNally, Associate Vice-Chancellor for Finance, CU Boulder, joined Ms. Osborne at the table to present the Systems Biotechnology Building project. Committee members received an overview of the project, prepared by CU (Attachment D). Ms. Osborne answered a question about how future operating and maintenance for the facility will be funded. Mr. McNally explained that the university has budgeted for ongoing operating and maintenance costs. He then addressed questions about federal funding for the project and indirect cost recoveries. Ms. Osborne said to date the CU System has received $13 million in federal economic stimulus grants for research at the Boulder and Denver campuses. Senator Bacon commented on possible cost savings for future controlled maintenance as a result of the passage of Senate Bill 09-290. Senate Bill 09-290 requires that any cash-funded capital construction project at a higher education institution that is eligible for future state dollars for operating or maintenance must comply with the provisions of the high performance certification program regarding LEED certification.


BILL:	University of Colorado System
TIME:	10:52:25 AM
MOVED:	Schwartz
MOTION:	Approve the request for cash and federal funds spending authority for the Systems Biotechnology Building project ($135,121,152, including 120,121,152 CF and 15,000,000 FF). The motion passed on a vote of 6-0.
SECONDED:
		VOTE
	Kopp	Yes
	McFadyen	Yes
	Schwartz	Yes
	Sonnenberg	Yes
	Bacon	Yes
	Riesberg	Yes

Final YES: 6 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS