j_cdc_2016a_2016-08-01t08:07:00z0 Hearing Summary

Date: 08/01/2016

08:07 AM -- CU Two-Year Cash List



The committee was called to order. A quorum was present. Teresa Osborne, Senior Director of Capital Assets, and Chris Ewing, Assistance Vice Chancellor for Planning, Design, and Construction, both representing the University of Colorado (CU), discussed a new project on the CU's two-year projection of cash need: Aerospace Engineering Sciences Building. Committee members received a description of the project, prepared by Legislative Council Staff (Attachment A). Mr. Ewing discussed the scope of the project. In response to a committee question regarding the build-out of the east campus, Mr. Ewing discussed recent growth in the university's research programs. Committee discussion ensued on expected growth in student enrollment. David Kang, Vice Chancellor for Infrastructure and Safety, discussed the source of cash funds and revenue sources for the project.



160801 AttachA.pdf



08:17 AM



In response to committee questions, Mr. Kang discussed the university's plan if the project is not approved. Ms. Osborne discussed the university's plans to move forward with the state-funded portion of the project. Mr. Kang further discussed the total cost of the project. Committee discussion ensued on available state funds for capital construction in the upcoming budget cycle.