Final
WSC 202 Request
COMMITTEE ON
CAPITAL DEVELOPMENT
Votes:
Action Taken:
Approve the Western State College 202 request. Th
PASS
08:11 AM Western State College 202 Request
Ms. Joan Johnson, Director of Capital Assets and Governing Boards, Colorado Commission on Higher Education, presented a SB92-202 request on behalf of Western State College. Committee members were provided with a description of the request prepared by Legislative Council staff (Attachment A). The college requests authority to spend $4,875,000 cash funds exempt (CFE) to build the Borick Business Building. The building would be owned by the Western State College Foundation and leased to the college for 50 years. No state bunds would be used for the construction, maintenance, or operation of the building. After the presentation, Ms. Johnson fielded a number of questions.
Sen. Windels asked why the building needed to be leased for 50 years from the Foundation, as opposed to the college having the title to the building. Ms. Johnson replied that she did not know exactly, and stated that the Foundation wants to maintain ownership, which is not uncommon.
Sen. Bacon stated that, at some point in the future, he wants an explanation as to why buildings are being privately owned on state land. Ms. Johnson said this would be the first privately owned academic building on state land. In other instances, private ownership occurs on private land.
Rep. Berens asked about the potential for the college to withdraw from lease and the potential for the building to change hands. He then asked if legal staff could look at the lease to determine if there are any escape clauses in the lease.
BILL:
WSC 202 Request
TIME:
08:21:57 AM
MOVED:
McFadyen
MOTION:
Approve the Western State College 202 request. The motion carried on a vote of 5-0, with one member excused.
SECONDED:
VOTE
Berens
Yes
McElhany
Excused
Riesberg
Yes
Windels
Yes
Bacon
Yes
McFadyen
Yes
Final
YES:
5
NO:
0
EXC:
1
ABS:
0
FINAL ACTION:
PASS