May 20-21, 2004

 

ITEM 123-1009-R0504��������������� Deferred Maintenance Projects; The University of Montana-Missoula

 

THAT:�������������������������������������� Consistent with the provisions of MCA 18-2-102, the Board of Regents of Higher Education authorizes The University of Montana-Missoula to expend 3 million dollars to address deferred maintenance and code issues on the Missoula campus. This work will be funded with Series I 2004 Refunding and Facilities Improvement Revenue Bonds described in BOR Item 122-1015-R0304.

 

EXPLANATION:����������������������� Deferred maintenance continues to be a serious problem for the campus. Bond proceeds of $1.5 million; combined with cash savings from the refunding of the 1993 bonds, provide an opportunity for the University to address nearly $3.0 million in repairs and renovations on campus.  The following is the preliminary list of projects.� These projects are intended to address deferred maintenance, code, ADA, general repairs and replacements and renovation needs.� The projects will be adjusted or modified as needs are further refined and detailed estimates and bid prices become available.� The following projects list requires Regent�s approval for projects that exceed $150,000.� The University of Montana will utilize unallocated General Spending Authority Granted to The University of Montana from the 58^th Legislature for these projects.