Key Financing Steps
CWU plans to issue up to $45 million of revenue bonds to finance a new residence hall Expect to sell the bonds in Mid-March and with a closing in April The new residence hall will add approximately 400 beds and is expected to open for Fall 2019
Key Step
Timing
Board of Trustees Meeting: Approval to proceed with project and Bond Resolution
February 8 - 9, 2018
Rating Presentation / Receive Rating
Early March 2018
Bond Sale and Adoption of Bond Sale Resolution
Mid-March 2018
Bond Closing - Funds Delivered
April 2018
Substantial completion of construction/move in/furnishing
July/August 2019
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