Briefly explain the department/campus needs that cause the project. Cite any previous program plan reports, feasibility studies or other related studies. Identify the Departments in the facility or benefiting from project: Include enrollment information (current and projected); and an evaluation of current space (shortages, obsolete conditions). Note any facility deficiencies and/or problems this project will address. Other relevant project history and information. Facility Information: Facility Name: Location: Acquisition/Build Date: Size (GSF): Prior renovations or additions within last 20 years: Campus Master Plan: Provide the following in paragraph form Relationship to the campus physical development plan Future use of vacated space Impact to other campus buildings Impact to campus strategic space management Other relevant campus wide factors Funding Funding Source: Describe the source of project funds as noted in the example below. Campus Reserves source [such as chancellor discretionary from year end surpluses] – - the actual or anticipated date of sale and amount Private or Gifts - the source, the purpose, and balance [promised or in hand?] Grants - the source, the purpose, and balance [promised or in hand?] State - the year of the appropriation Bond Financing (1) $30,000,000 Federal Grant (2) $4,000,000 Gift (3) $2,000,000 State Appropriation (FY2010) $10,000,000 Campus Reserves (4) $2,000,000 Total Capital Funds $48,000,000 The annual debt service is approximately $2 million on 5% 30 year schedule. The campus will pay the debt service through new revenue from additional student enrollment.
Briefly explain the department/campus needs that cause the project. Cite any previous program plan reports, feasibility studies or other related studies. Identify the Departments in the facility or benefiting from project: Include enrollment information (current and projected); and an evaluation of current space (shortages, obsolete conditions). Note any facility deficiencies and/or problems this project will address. Other relevant project history and information. Facility Information: Facility Name: Location: Acquisition/Build Date: Size (GSF): Prior renovations or additions within last 20 years: Campus Master Plan: Provide the following in paragraph form Relationship to the campus physical development plan Future use of vacated space Impact to other campus buildings Impact to campus strategic space management Other relevant campus wide factors Funding Funding Source: Describe the source of project funds as noted in the example below. Campus Reserves – source [such as chancellor discretionary from year end surpluses] - the actual or anticipated date of sale and amount Private or Gifts - the source, the purpose, and balance [promised or in hand?] Grants - the source, the purpose, and balance [promised or in hand?] State - the year of the appropriation Bond Financing (1) $30,000,000 Federal Grant (2) $4,000,000 Gift (3) $2,000,000 State Appropriation (FY2010) $10,000,000 Campus Reserves (4) $2,000,000 Total Capital Funds $48,000,000 The annual debt service is approximately $2 million on 5% 30 year schedule. The campus will pay the debt service through new revenue from additional student enrollment.
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