Date: 06/22/2015

Final
CU Denver Two-Year List

COMMITTEE ON CAPITAL DEVELOPMENT

Votes: View--> Action Taken:
Approve the projects listed on the University of CPASS


08:01 AM -- CU Denver Two-Year List

The committee was called to order. A quorum was present. Dr. Jerry Wartgow, Chancellor, and Mr. Jeffrey Parker, Vice Chancellor for Administration and Finance, both representing the University of Colorado Denver (UCD), came to the table to discuss UCD's revised two-year projection of cash need. Committee members received a copy of the revised two-year projection of cash need (Attachment A). Mr. Wartgow discussed the two projects on the list: North Classroom Building Renovation and Wellness Center. In response to a committee question regarding the source of cash funds for the projects, Mr. Wartgow clarified that the source of cash funds for the projects includes donations, university reserves, and student fees. Ms. Kori Donaldson, Legislative Council Staff, responded to questions regarding the approval process for projects on a two-year projection of cash need list.

150622 AttachA.pdf150622 AttachA.pdf

Mr. Scott Cao, Student Body President, UCD, came to the table to discuss the Wellness Center project. He discussed the multi-purpose function of the project, student support, and the student body's involvement with the design of the project. Dr. Wartgow explained the repayment process for the bonds by student fees. In response to a committee question regarding the term for which student fees can be used, Mr. Parker explained that the student fee is currently for perpetuity; however, it could be modified in the future by the Board of Regents. Discussion ensued on the use of student fees for the project.


08:16 AM

In response to a committee question regarding the magnitude of the student fee, Mr. Parker stated that the fee was calculated on both the estimated operating budget and the debt service related to the project. In response to a committee question regarding the six percent annual inflation cap for tuition, Dr. Wartgow and Mr. Parker discussed how inflation was factored into the calculation of the student fee for the Wellness Center project. Discussion ensued on an upcoming resolution from the student body to the Board of Regents to ensure the student fee will not be assessed to students in perpetuity. Discussion continued on the Board of Regents' action regarding the approval of the student fee for the Wellness Center project. In response to a committee question regarding current recreation facilities at UCD, Mr. Cao and Dr. Wartgow discussed the current facilities on the Auraria Campus.


BILL:CU Denver Two-Year List
TIME: 08:27:30 AM
MOVED:Brown
MOTION:Approve the projects listed on the University of Colorado Denver two-year projection of cash need. The motion passed on a vote of 6-0.
SECONDED:
VOTE
Brown
Yes
Kefalas
Yes
Moreno
Yes
Sonnenberg
Yes
Baumgardner
Yes
Vigil
Yes
Final YES: 6 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS