Date: 04/14/2015

Final
Presentation of House Bill 15-1344

COMMITTEE ON CAPITAL DEVELOPMENT

Votes: View--> Action Taken:
Favorably recommend House Bill 15-1344 to the HousPASS



07:32 AM -- Presentation of House Bill 15-1344

The committee was called to order. A quorum was present. Representative Duran and Senator Sonnenberg, prime sponsors, presented House Bill 15-1344 pursuant to House Rule 50(a). The bill concerns the financing of state capital construction projects that are included in the National Western Center or Capitol Complex Master Plans, and, in connection therewith, authorizing the state to enter into lease-purchase agreements to finance facilities for Colorado State University that are included in the National Western Center Master Plan, creating the National Western Center Trust Fund, and creating a Capitol Complex Master Plan Implementation Fund as a funding source for projects that are included in the Capitol Complex Master Plan. Committee members received a brochure outlining the features of the proposed National Western Center (Attachment A), and copies of HB 15-1344 (Attachment B). Representative Duran explained the effect of the bill and discussed its need. Representative Duran responded to questions regarding the phasing of the project. Ms. Kori Donaldson, Legislative Council Staff, responded to questions regarding how the committee typically reviews projects financed using certificates of participation (COPs), and how the projects financed by HB 15-1344 differ from COPs that are periodically considered by the committee. Senator Sonnenberg responded to questions regarding the roles of the various stakeholders involved in the National Western Center portion of HB 15-1344. Mr. Kelly Leid, North Denver Cornerstone Collaborative, addressed questions about the phasing and financing of the project. He also discussed the functions of the new complex, and provided an overview of the facilities to be constructed at the new complex. Mr. Leid responded to further questions about the collaborative's interaction with the neighboring community on the National Western Center project, and the potential use of tax increment financing in conjunction with the project.

150414 AttachA.pdf150414 AttachA.pdf150414 AttachB.pdf150414 AttachB.pdf

07:46 AM

Mr. Leid responded to questions regarding the positioning of the new National Western Complex within an urban renewal authority, and the timing of the completion of the project's first phase. He also discussed the layout of the initial facilities to be constructed under the project. Mr. Leid responded to questions regarding the role of state funding for the project. Representative Duran explained how the various facilities to be constructed under the bill will be presented to the committee, and referenced the use of COPs for capital projects. Representative Duran also addressed earlier questions about the impact of the project on neighboring communities. Discussion ensued on this point. Mr. Leid responded to questions regarding the potential economic impact of the National Western Center project.


BILL:Presentation of House Bill 15-1344
TIME: 07:57:21 AM
MOVED:Baumgardner
MOTION:Favorably recommend House Bill 15-1344 to the House Committee on Agriculture pursuant to House Rule 50(a). The motion passed on a vote of 6-0.
SECONDED:
VOTE
Becker K.
Yes
Brown
Yes
Kefalas
Yes
Sonnenberg
Yes
Baumgardner
Yes
Vigil
Yes
Final YES: 6 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS