Date: 03/25/2010

Final
Draft Resolution About Fund Raising for State Capitol Dome

COMMITTEE ON CAPITAL DEVELOPMENT

Votes: View--> Action Taken:
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08:17 AM -- Discussion of Draft Resolution Concerning Fund Raising for State Capitol Dome

Committee members received a letter from Capitol Building Advisory Committee concerning a fundraising proposal from Colorado Preservation, Inc. (CPI) for the State Capitol dome restoration project, prepared by Legislative Council Staff (Attachment D). Ms. Deborah Haskins, Office of Legislative Legal Services, came to the table to discuss a draft resolution concerning fund raising for the State Capitol dome. Committee members received a copy of the draft resolution, prepared by OLLS (Attachment E). Ms. Haskins recommended that the committee run a bill rather than a resolution. Discussion ensued about the inclusion of language allowing for additional sources of funding for the State Capitol dome restoration project. Senator Bacon said that the title can be modified if the committee decides to proceed with a bill rather than a resolution. Ms. Haskins addressed a question about the statutory and constitutional provisions limiting the use of the State Historical Fund.

100325AttachD.pdf 100325AttachE.pdf

08:25 AM

Senator Kopp further explained the statutory and constitutional provisions limiting the use of the State Historical Fund. He told the committee that he plans to sponsor separate legislation to redirect approximately half of the moneys in the State Historical Fund available for the statewide grant program for two years to pay for the State Capitol dome restoration project. He added that this would require a statutory change and that the grant-making ability of the State Historical Fund would effectively drop by 50 to 60 percent for two years.

08:28 AM

Mr. Ed Nichols, President, Colorado Historical Society (CHS), and Mr. Steve Turner, Director, State Historical Fund, CHS, came to the table to address the possible use of State Historical Fund moneys for the State Capitol dome restoration project. Discussion ensued about the grant process used to award moneys from the State Historical Fund for historical preservation purposes. In response to a question, Mr. Nichols commented on the administrative fee structure included in the fund raising proposal submitted by CPI. Mr. Turner responded to questions about examples of public-private fund raising efforts. Representative Riesberg gave several examples of projects that the public has helped to fund. In response to a question, Mr. Nichols told the committee that historic preservation grants from the State Historical Fund require a match and that this match often comes from publicly raised dollars. Discussion continued about public-private fund raising.

08:37 AM

Mr. James Hare, Director, CPI, and Ms. Marie Patterson, Public Affairs Coordinator, AngloGold Ashanti North America, Inc., came to the table. Mr. Hare said he would like to minimize the use of the State Historical Fund for the State Capitol dome restoration project so the fund can be used for other grant projects. Ms. Patterson gave the committee some background about her company and explained that her company wants to promote the restoration project through public-private funding in order to make the building safer. Ms. Patterson responded to a question regarding the source of the original gold used to gild the State Capitol dome. Mr. Hare said that the first ever cause-marketing effort was for the repair of the Statue of Liberty. Mr. Hare addressed a question regarding the administrative fee structure included CPI's fund raising proposal and said that a 15 percent administrative fee is the industry standard for advertising. Senator Bacon clarified that 15 percent of the funds raised will go to those doing the cause marketing and 85 percent to project itself.

08:43 AM

Senator Bacon reiterated various discussion points for inclusion in the proposed legislation. Mr. Nichols reiterated that CHS would prefer to award moneys for the State Capitol dome restoration project through the grant process and addressed earlier comments about fund raising for the new Colorado History Museum. Discussion turned to whether OLLS should be directed to draft a bill rather than make changes to the draft resolution. The committee decided to proceed with legislation and agreed to discuss a draft at its April 1, 2010, meeting.

08:47 AM

The committee adjourned.