Date: 02/16/2006
Final
Discussion Regarding Financing Options for CBI Lab
COMMITTEE ON CAPITAL DEVELOPMENT
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08:17 AM
The committee discussed financing options for funding the construction of a new Colorado Bureau of Investigations (CBI) laboratory on the Western Slope. Representative Berens referenced discussions at a recent meeting of the committee with the Joint Budget Committee (JBC) with regard to the new facility, and the need to look at five-year departmental plans. Discussion ensued regarding the timing of a lease option for the new facility and the potential for phasing the facility. The committee referenced a letter addressed to the committee and the Governor from Mr. Steven Jeffers, Stifel Nicolaus & Company (Attachment D). The letter details the potential financing options for the new lab.
08:26 AM
Mr. Pete Mang, Deputy Director, CBI, made himself available to answer questions regarding the CBI lab project. Mr. Mang discussed the ability to phase the project. Discussion followed regarding the proposed size of the new facility and CBI's space needs in the facility. Mr. Mang provided details regarding the programs that the facility will house and briefly explained the process by which the space needs for the new facility were assessed. Discussion then returned to financing options for the new lab and the need to engage the JBC in discussions regarding these options.