Final
STAFF SUMMARY OF MEETING

COMMITTEE ON CAPITAL DEVELOPMENT

Date:06/22/2015
ATTENDANCE
Time:08:01 AM to 08:46 AM
Brown
X
Kefalas
X
Place:SCR 356
Moreno
X
Sonnenberg
X
This Meeting was called to order by
Baumgardner
X
Representative Vigil
Vigil
X
This Report was prepared by
Matt Becker
X = Present, E = Excused, A = Absent, * = Present after roll call
Bills Addressed: Action Taken:
CU Denver Two-Year List
CPW Property Transactions
Other Business		Approved
Recommend Support
AHEC Two-Year List Approved

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




08:28 AM -- CPW Property Transactions

Mr. Bob Broscheid, Director, Ms. Anne Kelson, Real Estate Section Manager, Mr. Frank McGee, Area Wildlife Manager, and Mr. Perry Will, Area Wildlife Manager, all representing Colorado Parks and Wildlife (CPW), came to the table to discuss two proposed property transactions: Glenwood Springs Service Center Fee Title Acquisition and South Republican State Wildlife Area Hutton Parcel Fee Title Acquisition. Committee members received a copy of the proposed transactions, assembled by Legislative Council Staff (Attachments B and C). Mr. Will discussed the fee title acquisition for the land upon which the Glenwood Springs Service Center is currently operating, pursuant to House Bill 15-1310. In response to a committee question regarding the intent of HB 15-1310, Ms. Kelson discussed the original option to acquire the land.

150622 AttachB.pdf150622 AttachB.pdf150622 AttachC.pdf150622 AttachC.pdf
BILL:CPW Property Transactions
TIME: 08:33:29 AM
MOVED:Baumgardner
MOTION:Recommend support for the fee title acquisition of the Glenwood Springs Service Center property. 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



08:34 AM

Mr. McGee discussed the proposed acquisition for the South Republican State Wildlife Area Hutton Parcel. He stated that the proposed Hutton parcel will replace property that is anticipated to be used for an above-ground utility line owned by Tri-State Generation and Transmission Association. Committee discussion ensued on the size of the parcel proposed for acquisition. Senator Sonnenberg stated his opposition to the federal government's action requiring CPW's acquisition of replacement property. Mr. Steve Gray, representing Tri-State, came to the table to discuss the costs of the easement and the replacement property. In response to a committee question regarding the need for replacement property of underground utility lines, Mr. Will stated that the National Park Service does not consider an underground utility line to be a conversion from outdoor recreation.
BILL:CPW Property Transactions
TIME: 08:43:38 AM
MOVED:Brown
MOTION: Recommend support for the fee title acquisition of the South Republican State Wildlife Area Hutton Parcel property ($0 for 28 acres). 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


08:44 AM -- Other Business

Senator Kefalas discussed the revised project listed on the Auraria Higher Education Center's (AHEC) two-year projection of cash need, originally presented at the June 8 Capital Development Committee meeting.
BILL:Other Business
TIME: 08:45:32 AM
MOVED:Kefalas
MOTION:Approve the revised project listed on the Auraria Higher Education Center two year projection of cash need, as presented at the June 8 Capital Development Committee meeting. The motion passed on a vote of 4-2.
SECONDED:
VOTE
Brown
Yes
Kefalas
Yes
Moreno
Yes
Sonnenberg
No
Baumgardner
No
Vigil
Yes
Final YES: 4 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS

08:46 AM

The committee adjourned.