Central Washington University Board of Trustees November 3, 2017
ACTION ITEM – New Hall Proposal and Pro Forma Approval
CWU proposes to construct a new, 400-bed residence hall at the northeast corner of the intersection of E. Dean Nicholson Blvd and N. Wildcat Way. CWU will use a design-build approach for this project, which is expected to reduce costs and construction time by three months. The project assumes the demolition of two facilities that are in very poor condition: Peterson Hall, the former location of CWU ROTC programs, and the facility that housed the Chimpanzee and Human Communication Institute until 2013.
The proposed residence hall will include the following features:
• A mix of 2-bed units, shared or in-suite bathrooms (2/3 shared) • A dining facility for one or two licensed food concepts • A convenience store and lounge area • A multi-purpose space to meet campus wide programming needs • Will achieve at least a minimum LEED certification, and meet current safety and technology needs
The estimated cost of the project is $45 million, which includes all design and construction costs, debt issuance costs and capitalized interest. This project will be financed with revenue bonds on a 30-year repayment term. The bonds will be collateralized by CWU System revenues, which include Housing & Dining, Wildcat Shop, Parking and Student Activities funds.
We recommend the following motion:
The Board of Trustees of Central Washington University hereby delegates authority to the Vice President for Business & Financial Affairs, or his designee, to secure a design-build contractor and related revenue bond financing.
Submitted:
Approved for submittal:
James L. Gaudino President
Linda Schactler Chief of Staff
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