Final
STAFF SUMMARY OF MEETING

COMMITTEE ON CAPITAL DEVELOPMENT

Date:04/21/2009
ATTENDANCE
Time:07:49 AM to 08:12 AM
Kopp
X
McFadyen
*
Place:SCR 356
Schwartz
X
Sonnenberg
*
This Meeting was called to order by
Bacon
X
Representative Riesberg
Riesberg
X
This Report was prepared by
Kori Donaldson
X = Present, E = Excused, A = Absent, * = Present after roll call
Bills Addressed: Action Taken:
Metropolitan State College of Denver FY 2009-10 Cash Requests
Colorado School of Mines FY 2009-10 Cash Request
Pass
Pass


07:49 AM -- Metropolitan State College of Denver FY 2009-10 Cash Requests

Ms. Natalie Lutes, Vice President for Administration and Finance, Mr. Sean Nesbitt, Director of Facilities Planning and Space Management, and Dr. Stephen Jordan, President, all of Metropolitan State College of Denver (Metro), presented two FY 2009-10 cash-funded requests including: (1) Neighborhood Building; and (2) Hotel Learning Center. Committee members received a description of the requests, prepared by Legislative Council Staff (Attachments A and B, respectively). Committee also received a list of questions generated by the Department of Higher Education following the December 2, 2008 Metro presentation about the Hotel Learning Center project (Attachment C). Dr. Jordan said there is a pressing need for more classroom space on campus and explained that Metro uses 14 trailers to supplement available classroom space. He then addressed a question about the recent student vote for a new student fee for capital construction debt service. Discussion ensued about the student vote and student fees at Metro.

090421AttachA.pdf090421AttachB.pdf090421AttachC.pdf
BILL:Metropolitan State College of Denver FY 2009-10 Cash Requests
TIME: 07:58:54 AM
MOVED:Bacon
MOTION:Approve the Neighborhood Building project ($52,000,151 CF). The motion passed on a vote of 5-0-1.
SECONDED:
VOTE
Kopp
Yes
McFadyen
Excused
Schwartz
Yes
Sonnenberg
Yes
Bacon
Yes
Riesberg
Yes
Final YES: 5 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS

07:59 AM

Mr. Nesbitt summarized the request for the Hotel Learning Center project and addressed questions about the selection of a hotel operator to partner with Metro for the project and the total number of students enrolled in the Department of Hospitality, Tourism, and Events. Dr. Jordan addressed a question about future ownership of the hotel and explained that the hotel will be owned by the Metro Foundation in order to maintain ongoing control of the facility even if the operator of the facility changes in the future.
BILL:Metropolitan State College of Denver FY 2009-10 Cash Requests
TIME: 08:06:05 AM
MOVED:Bacon
MOTION:Approve the Hotel Learning Center project ($39,327,762 CF). The motion carried on a vote of 6-0.
SECONDED:
VOTE
Kopp
Yes
McFadyen
Yes
Schwartz
Yes
Sonnenberg
Yes
Bacon
Yes
Riesberg
Yes
Final YES: 6 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS

08:06 AM -- Colorado School of Mines FY 2009-10 Cash Request

Ms. Kirsten Volpi, Chief Financial Officer, Colorado School of Mines, presented a FY 2009-10 cash-funded request for the Ford and Jones Road Property Purchase project. Committee members received a summary of the request, prepared by Legislative Council Staff (Attachment D). Ms. Volpi addressed a question about the planned future use of the apartment building included in the purchase.

090421AttachD.pdf
BILL:Colorado School of Mines FY 2009-10 Cash Request
TIME: 08:10:20 AM
MOVED:Sonnenberg
MOTION:Approve the Ford and Jones Road Property Purchase project ($4,285,000 CF). The motion carried on a vote of 6-0.
SECONDED:
VOTE
Kopp
Yes
McFadyen
Yes
Schwartz
Yes
Sonnenberg
Yes
Bacon
Yes
Riesberg
Yes
Final YES: 6 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS

Prior to the vote, Ms Volpi addressed a question about whether the project would be subject to the higher education revenue bond intercept program.

08:12 AM

The committee adjourned.