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J_CDC_2022A 01/13/2022 08:08:11 AM Committee Summary

PUBLIC
STAFF SUMMARY OF MEETING
JOINT COMMITTEE COMMITTEE ON CAPITAL DEVELOPMENT COMMITTEE
Date 01/13/2022
Attendance
Fields *
Rich X
Sonnenberg X
Valdez D. X
Story X
Hooton X
Time 08:08:11 AM to 08:33:41 AM
Place SCR 357
This Meeting was called to order by Story
This Report was prepared by Nina Forbes
Hearing Items Action Taken
Consideration of Supplemental Request, Colorado School of Mines Committee Discussion Only
Consideration of Supplemental Request, Colorado State University Committee Discussion Only
Consideration of Operating Request, Governor's Office of Economic Development and International Trade Committee Discussion Only

Consideration of Supplemental Request, Colorado School of Mines - Committee Discussion Only
08:09:27 AM  
Kirsten Volpi, Executive
Vice President of Colorado School of Mines (Mines), presented Mines' supplemental
request to withdraw $1.8 million in state funding and $120 million in cash
funding authority for the Subsurface Frontiers Building project due to
the fact that Mines received federal funding for the project. The Mines
Supplemental Request is included as Attachment A.


08:12:25 AM
 Motion Approve the supplemental request from the Colorado School of Mines for the Subsurface Frontiers Building project (-$1,856,741 CCF; -$120,000,000 CF).
Moved Hooton
Seconded
Fields Excused
Rich Yes
Sonnenberg Yes
Valdez D. Yes
Story Yes
Hooton Yes
YES: 5   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  PASS



Consideration of Supplemental Request, Colorado State University - Committee Discussion Only
08:12:49 AM  
Henry Sobanet, Senior
Vice Chancellor for Administration & Government Relations/ Chief Financial
Officer at Colorado State University (CSU), presented on CSU's supplemental
request to rescind cash funding spending authority for the Shepardson Building
Renovation and Addition project. CSU's Supplemental Request is included
as Attachment B.


08:18:51 AM
 Motion Approve the request from Colorado State University to rescind cash funds spending authority for FY 2020-21 for the Shepardson Building Renovation and Addition project (-$3,100,000 CF).
Moved Hooton
Seconded
Fields Yes
Rich Yes
Sonnenberg Yes
Valdez D. Yes
Story Yes
Hooton Yes
YES: 6   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  PASS



Consideration of Operating Request, Governor's Office of Economic Development and International Trade - Committee Discussion Only

08:19:03 AM  
Leslie Hylton, Director
of Government Affairs, Office of Economic Development and International
Trade (OEDIT), and Ruth Wilson, Director of Administration & Partnerships
for Colorado Creative Industries and the Art in Public Places (AiPP) Program
Director, presented a request to align AiPP spending authority with the
typical schedule for capital construction projects. Specifically, OEDIT
requests that the Creative Industries Cash Fund appropriation be increased
from two to three years. A letter from the Joint Budget Committee (JBC)
to the CDC on this matter is included as Attachment C. An explanation of
OEDIT's request is included as Attachment D.
08:22:25 AM  
Matt Bishop, Legislative
Council Staff, explained the specific requests the JBC has of the CDC in
regards to OEDIT's request.
08:27:33 AM  
The CDC decided to
draft a response letter to JBC and put in a bill request to LLS to fix
the issue OEDIT outlined.


08:31:40 AM
 Motion Move that the Capital Development Committee go forward with a letter to Joint Budget Committee that the committee will go forward with legislation to extend the Creative Industries Cash Fund appropriation from two to three years.
Moved Hooton
Seconded
Fields Yes
Rich Yes
Sonnenberg Yes
Valdez D. Yes
Story Yes
Hooton Yes
YES: 6   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  PASS



08:31:49 AM
Matt Bishop, Legislative
Council Staff, gave committee members an update on additional FY 2022-23
capital requests, which will be discussed in depth at a future meeting.


08:33:41 AM   The committee adjourned.