Date: 08/13/2012

Final
Mines Cash Requests

COMMITTEE ON CAPITAL DEVELOPMENT

Votes: View--> Action Taken:
Approve cash funds spending authority for the Elm
Approve cash funds spending authority for the Mine
Approve cash funds spending authority for the Stud
Approve the Colorado School of Mines Two-Year Proj		PASS
PASS
PASS
PASS



09:04 AM -- Colorado School of Mines Cash Requests

The committee was called to order. A quorum was present. Mr. Joe Trubacz, Senior Vice President for Finance and Administration, and Mr. Chris Cocallas, Director of Capital Planning and Construction, both representing the Colorado School of Mines, presented a revised two-year projection of cash need and several cash projects subject to the higher education revenue bond intercept program. Mr. Trubacz began his presentation by giving an overview of the revised two-year projection of cash need list. Committee members received a copy of the revised projection, prepared by Legislative Council Staff (Attachment A). Committee members also received descriptions of three project requests for cash funds spending authority, all prepared by Legislative Council Staff, including: (1) the Elm Street Residence and Dining Hall (Attachment B); (2) the Mines Services Building (Attachment C); and (3) the Student Center Renovation Phase I (Attachment D).

120813AttachA.pdf120813AttachB.pdf120813AttachC.pdf120813AttachD.pdf
BILL:Colorado School of Mines
TIME: 09:09:06 AM
MOVED:Sonnenberg
MOTION:Approve the Colorado School of Mines Two-Year Projection of Cash Need. The motion passed on a vote of 5-0.
SECONDED:
VOTE
Brown
Yes
Renfroe
Yes
Schwartz
Excused
Vigil
Yes
Sonnenberg
Yes
Bacon
Yes
Final YES: 5 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS


BILL:Colorado School of Mines
TIME: 09:10:37 AM
MOVED:Sonnenberg
MOTION:Approve cash funds spending authority for the Elm Street Residence and Dining Hall project ($31,000,011 CF). The motion passed on a vote of 5-0.
SECONDED:
VOTE
Brown
Yes
Renfroe
Yes
Schwartz
Excused
Vigil
Yes
Sonnenberg
Yes
Bacon
Yes
Final YES: 5 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS


BILL:Colorado School of Mines
TIME: 09:10:58 AM
MOVED:Sonnenberg
MOTION:Approve cash funds spending authority for the Mines Services Building project ($6,000,001 CF). The motion passed on a vote of 5-0.
SECONDED:
VOTE
Brown
Yes
Renfroe
Yes
Schwartz
Excused
Vigil
Yes
Sonnenberg
Yes
Bacon
Yes
Final YES: 5 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS


BILL:Colorado School of Mines
TIME: 09:11:17 AM
MOVED:Sonnenberg
MOTION:Approve cash funds spending authority for the Student Center Renovation Phase I project ($9,600,002 CF). The motion passed on a vote of 5-0.
SECONDED:
VOTE
Brown
Yes
Renfroe
Yes
Schwartz
Excused
Vigil
Yes
Sonnenberg
Yes
Bacon
Yes
Final YES: 5 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS




09:12 AM

Following the votes, Ms. Kori Donaldson, Legislative Council Staff, clarified why separate votes were required for three of the four new projects listed on the Colorado School of Mines Two-Year Projection of Cash Need list.