Board of Visitors minutes January 31, 2003 | ||
APPROVAL OF A REVISED BUDGET AND FUNDING PLAN FOR THE SOUTH LAWN PROJECT
WHEREAS, the Special Committee on the College and Graduate School of Arts and Sciences Facilities adopted a resolution on October 18, 2001, which set a $126.7 million budget for the South Lawn Project with $61.1 million to be provided by private gifts from the College Foundation, $61.1 million through a combination of state and University funds, and $4.5 million from the University Department of Parking and Transportation as a contribution to the parking garage; and
WHEREAS, the Buildings and Grounds Committee adopted a resolution on October 18, 2001, approving the report from the Special Committee setting forth the project budget and scope; and
WHEREAS, the Special Committee on the College and Graduate School of Arts and Sciences Facilities approved a revised budget and funding plan on October 28, 2002, for the South Lawn Project;
RESOLVED that the new budget for the South Lawn project is now $160 million, of which $94.4 million is to be provided by private gifts from the College Foundation, $61.1 million through a combination of state and University funds, and $4.5 million from the University Department of Parking and Transportation as a contribution to the parking garage.
Board of Visitors minutes January 31, 2003 | ||