Accreditation Site Visit is October 22-24, 2018. Trustees will hold their fall quarter board meeting at this time. Dr. Jungblut explained that the Mission Fulfillment web presence communicates key information about strategic planning, the Baccalaureate Task Force, General Education redesign, and assessment and continuous improvement. Following are the URLs for these web presentations: • Mission Fulfillment: http://www.cwu.edu/mission/ • Strategic Planning: http://www.cwu.edu/mission/strategic-planning • Baccalaureate Task Force: http://www.cwu.edu/mission/baccalaureate • Assessment and Improvement: http://www.cwu.edu/mission/assessment-improvement • Accreditation: http://www.cwu.edu/mission/accreditation/about Information – Business and Financial Affairs North Campus Development Update: New Hall Financing Susan Musselman, and Thomas Toepfer from Public Financial Management and Marc Greenough from Foster Pepper LLC were introduced to talk about the financing piece of the North Campus Development Project. CWU plans to issue up to $45 million of revenue bonds to finance a new residence hall. The expectation is to sell the bonds in mid-March with a closing in April. The new residence hall will add approximately 400 beds and is expected to open in the fall of 2019. The proposed bond resolution was drafted by bond counsel (Foster Pepper) and was reviewed by Alan Smith. The series resolution that is being considered authorizes a sale of bonds in order to generate approximately $45 million, pursuant to an official statement to be distributed to prospective investors. A special telephonic meeting will be scheduled on the day of the sale in order to approve the bond sale resolution. Construction Overview CWU Construction Project Manager Scott Carlson provided a brief background on the projects. In July 2017, the Board of Trustees endorsed the development of three capital projects: a new residence hall, expanded recreation facilities, and an upgrade to Tomlinson Stadium. Project teams have completed a topographical survey of the entire site and a geo-technical report; CWU received state authorization to use a progressive design-build approach on New Hall—CWU’s first use of this methodology. Trustees approved programming specifications and financing strategies in November 2017. The design work for Recreation Expansion and Tomlinson Stadium Upgrades projects were combined to maximize overall efficiencies. D.A. Hogan & Associates was selected through an RFQ process to design the projects, refine the project budgets, and produce documents for construction. DA Hogan will work closely with the Lydig-Mahlum team engaged in the New Hall project to ensure a seamless design and look across the North Campus projects. The initial $4-million portion of the Recreation Expansion project is funded from Student Union Recreation Center (SURC) reserves. This revenue is generated by the SURC building fee and recreation fees. An additional $2 million will be secured through a loan from the Housing/Auxiliary fund, to be paid back by non-recreation facility users at $200,000 per year over a ten-year period.
3 Board of Trustees Minutes February 8-9, 2018
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