May 19-20, 2005

 

ITEM 127-1007-R0505                Certificates of Completion for 216-Unit Student Housing Complex and Network Wiring Project, Series G 2002 and Washington/Grizzly Stadium Expansion, Series H 2003, Facilities Improvement and Refunding Revenue Bonds; 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 $18,950,000 million dollars to construct a 216-Unit South Campus Student Housing Complex and address Network Wiring Infrastructure needs on the main campus.  This work will be funded with Series G 2002 New Money Issue described in BOR Item 116-1002-R0702, and

 

Expend $3,500,000 million dollars to expand the Washington Grizzly Stadium, North End Zone seating capacity.  This work will be partially funded with Series H 2003 New Money Issue described in BOR Item 118-1005-R0303

 

EXPLANATION:                        Article V, Section 5.01 of the Indenture of Trust for the Series G 2002 and Series H 2003 Facilities Improvement and Refunding Revenue Bonds provides that, within 90 days after the completion of each project, The University of Montana, on behalf of the Board of Regents, shall deliver a Certificate of Completion to the Trustee.  The certificate must state that the project(s) has been fully completed in accordance with the plans and specifications and that the project has been fully paid for and no claim or claims exist against the Board.  Attached is the certificate(s) which will be executed upon approval of the Board of Regents.