Date: 12/02/2009

Final
Metropolitan State College of Denver

COMMITTEE ON CAPITAL DEVELOPMENT

Votes: View--> Action Taken:
Approve Metropolitan State College of Denver's Two
Approve the FY 2010-11 request for cash funds spen
PASS
PASS



03:15 PM -- Metropolitan State College of Denver

Dr. Stephen Jordan, President, Ms. Natalie Lutes, Chief Financial Officer, and Mr. Sean Nesbitt, Director, Facilities Planning and Space Management, all of Metropolitan State College of Denver (Metro), provided an overview of the college's capital need, including a two-year projection of cash need. Dr. Jordan discussed the AHEC shared campus, and said that Metro's capital request supports the shared mission. Committee members received the college's Two-Year Projection of Cash Need, and a summary of a FY 2010-11 request for cash funds spending authority, both prepared by Legislative Council Staff (Attachments Y and Z, respectively). Dr. Jordan presented the FY 2010-11 request for cash funds spending authority for the Academic Consolidation and Expansion Renovation, and said the project will create classrooms to address a shortage of faculty offices, specialty laboratories, and classroom buildings.

03:24 PM

Dr. Jordan discussed the previously approved Student Success Building, which will be built with cash funds. He told the committee that the college plans to break ground for the project in about a year. Dr. Jordan noted that the college was able to get a very low interest rate for the bonds that were issued to construct this facility. Dr. Jordan elaborated on the enrollment increases that the college is experiencing.

BILL:Metropolitan State College of Denver
TIME: 03:30:16 PM
MOVED:Schwartz
MOTION:Approve Metropolitan State College of Denver's Two-Year Projection of Cash Need (see Attachment Y). The motion passed on a vote of 4-0-2.
SECONDED:
VOTE
Kopp
Absent
McFadyen
Yes
Schwartz
Yes
Sonnenberg
Yes
Riesberg
Excused
Bacon
Yes
Final YES: 4 NO: 0 EXC: 1 ABS: 1 FINAL ACTION: PASS
09CDC1202AttachY.pdf
BILL:Metropolitan State College of Denver
TIME: 03:31:18 PM
MOVED:Schwartz
MOTION:Approve the FY 2010-11 request for cash funds spending authority for the Academic Consolidation and Expansion Renovation project ($10,342,460 CF). The motion passed on a vote of 4-0-2.
SECONDED:
VOTE
Kopp
Absent
McFadyen
Yes
Schwartz
Yes
Sonnenberg
Yes
Riesberg
Excused
Bacon
Yes
Final YES: 4 NO: 0 EXC: 1 ABS: 1 FINAL ACTION: PASS