ITEM 128-2003-R0905� Attachment

 

Board of Regents Policy: Physical Plant B Section 1003.7

 

This Authority request is for an amount greater than $150,000, which requires the following additional information:

 

(a) Project Description:

Work performed under this authority encompasses new construction, maintenance, repair and replacement of existing parking, street and access facilities including paving, curbs and gutters, signage, striping, lighting, landscaping, storm drainage systems, access approaches, associated pedestrian sidewalks, etc.

 

(b) Cost Estimate and Funding Sources:

C                      Estimated Cost

C           Design/Construction Admin	$600,000
C           Construction	$5,800,000
C           Contingency	$600,000
C           Total Estimate	$7,000,000

 

C          Funding Source: This work will be financed with a combination of funding including non-state funds from Parking System Revenues, maintenance funds from Auxiliary Operations Revenue (Renewal and Replacement Budget) and/or Other (non-state) Lawful Purpose funds in excess of debt service obligations.

 

(c) Program served, enrollment data, projected enrollment:

The work to be completed under this authority addresses construction and maintenance of new and existing parking, as well as street and access facilities which serve students, faculty, staff and visitors. This work will not directly impact university programs or enrollments.

 

(d) Space Utilization Data:

MSU�s parking system consists of approximately 5,400 total parking spaces for use by students, faculty, staff and visitors. MSU sells approximately 7-8,000 parking decals each year, which includes users with multiple vehicles, car pools, replacement decals, etc. Unmet parking demand in the northeast sector of campus is now considered to be acute. Access facilities include entry drives serving parking lots, buildings, service areas, etc.

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(e) Projected use for available residual space:

(Not applicable to this project)

 

(f) Projected O&M Costs and proposed funding sources:

O&M Costs for parking facilities serving the academic campus areas are borne by the Parking Operations Account, while O&M costs associated with some of the residence facilities parking areas are borne by Auxiliaries Operations Revenues.