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 Foundations 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.


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