November 15-16, 2001
ITEM 113-2701-R1101 Authorization to Lease and Renovate Additional Space within the College of Business; Montana State University - Billings
THAT: Consistent with the provisions of the Board of Regents Policy and Procedures Manual; Physical Plant Authorization for Building Projects “All proposals for new construction or renovation of an existing building with costs in excess of $150,000 shall be submitted to the Board of Regents for approval.” The Board authorizes Montana State University- Billings to lease and renovate space within the College of Business. The estimated cost is $1,200,000.
EXPLANATION: 1. The College of Business is located in 19,250 square feet of leased space from the Montana State University-Billings Foundation. The Board of Regents authorized the lease and renovation in January, 1997 (Item 94-2703-R0197). The remaining 10,000 square feet within the Montana State University-Billings Foundation’s building is available for lease and renovation.
2. The U.S. Department of Housing and Urban Development has granted $1,200,000 to renovate space to support economic development activities within the College of Business on behalf of the University and to provide for additional lab/classroom space in support of economic development activities.
3. This project will be financed with federal (VA-HUD-Independent Agencies Appropriations Act for FY 2001) funds.