Date: 12/17/2014

Final
CU-Boulder Two-Year Cash List

COMMITTEE ON CAPITAL DEVELOPMENT

Votes: View--> Action Taken:
Approve the new projects listed on the University PASS



11:01 AM -- CU-Boulder Two-Year Cash List

The committee returned to order. Ms. Teresa Osborne, Senior Director for Budget and Planning, CU System, presented a revised two-year cash list for the University of Colorado at Boulder. Committee members received a summary of the request prepared by LCS (Attachment Q). Mr. Steve Thweatt, Vice Chancellor for Administration, CU System introduced the Capital Asset Management Plan (CAMP), which includes a space utilization study, energy services contract program, and deferred maintenance initiative. Mr. Thweatt said two projects were being submitted as part of the deferred maintenance initiative, including (1) the Carlson Gymnasium Renewal and Renovation Project and (2) the Engineering Center Phase I-A project. In response to a committee question about the internal loan, Mr. Thweatt said that efficiencies developed for the project will be sufficient to repay the loans. In response to a committee question about the return on investment for the two projects, Ms. Osborne clarified that the institution is considering several financing options, including internal loans from reserve funds or possible borrowing. She said the campus has budgeted annual operating dollars for whatever financing option is ultimately chosen. Mr. Thweatt stated that new revenue could also be generated from the new classrooms.

141217 AttachQ.pdf141217 AttachQ.pdf

BILL:University of Colorado at Boulder
TIME: 11:09:15 AM
MOVED:Sonnenberg
MOTION:Approve the new projects listed on the University of Colorado at Boulder two-year projection of cash need. The motion passed on a vote of 5-0.
SECONDED:
VOTE
Fischer
Yes
Kefalas
Yes
Sonnenberg
Yes
Szabo
Excused
Baumgardner
Yes
Vigil
Yes
Final YES: 5 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS