Date: 08/14/2014

Final
Red Rocks Two-year Cash List and Bond Intercept Project

COMMITTEE ON CAPITAL DEVELOPMENT

Votes: View--> Action Taken:
Approve the project listed on the Red Rocks Commun
Approve the request from Red Rocks Community Colle		PASS
PASS



10:38 AM -- Red Rocks Community College Two-year Cash List and Bond Intercept Project

Dr. Michele Haney, President, and Ms. Peggy Morgan, Vice President for Finance and Administration, Red Rocks Community College, presented a two-year projection of cash need list listing one new project: Student Recreation Center. The project is subject to the Higher Education Revenue Bond Intercept Program. Committee members received copies of the two-year projection of cash need list (Attachment F) and a separate written description of the project associated with the intercept program (Attachment G), both prepared by Legislative Council Staff. Committee members also received a memorandum about the student fees approved on behalf of the project, prepared by Red Rocks Community College (Attachment H). Dr. Haney provided an overview of the project and discussed its need. Ms. Morgan discussed the student fees that will be used to fund the Student Recreation Center project. Ms. Morgan responded to questions regarding potential increases in these student fees over time, and the levying of the fees on future students.

140814 AttachF.pdf140814 AttachF.pdf140814 AttachG.pdf140814 AttachG.pdf140814 AttachH.pdf140814 AttachH.pdf

10:50 AM

Discussion ensued regarding the use of the new Student Recreation Center by the students, and the fee rates for students attending Red Rocks Community College. Discussion followed regarding the propriety of levying student fees for recreational facilities. Dr. Haney responded to questions regarding how one qualifies to use the Student Recreation Center.


BILL:Red Rocks Community College Two-year Cash List and Bond Intercept Project
TIME: 11:01:36 AM
MOVED:Szabo
MOTION:Approve the project listed on the Red Rocks Community College two-year projection of cash need ($15,809,437 CF). The motion passed on a vote of 3-2.
SECONDED:
VOTE
Baumgardner
No
Fischer
No
Jahn
Excused
Szabo
Yes
Vigil
Yes
Schwartz
Yes
Final YES: 3 NO: 2 EXC: 1 ABS: 0 FINAL ACTION: PASS


BILL:Red Rocks Community College Two-year Cash List and Bond Intercept Project
TIME: 11:02:59 AM
MOVED:Szabo
MOTION:Approve the request from Red Rocks Community College to borrow under the Higher Education Revenue Bond Intercept Program on behalf of the Student Recreation Center project ($15,809,437 CF). The motion passed on a vote of 4-1.
SECONDED:
VOTE
Baumgardner
No
Fischer
Yes
Jahn
Excused
Szabo
Yes
Vigil
Yes
Schwartz
Yes
Final YES: 4 NO: 1 EXC: 1 ABS: 0 FINAL ACTION: PASS