 | Board of Visitors minutes June 8, 2007 |  |
BUDGET/SCOPE ADJUSTMENTS TO THE DINING AND RESIDENCE HALL PROJECTS AT THE COLLEGE AT WISE
WHEREAS, the Board of Visitors on September 20, 2005, approved the construction of a dining hall and a residence hall at the College at Wise; and
WHEREAS, the concept, site and design guidelines for both projects were approved in May 2006 and the architectural firm of Hanbury, Evans, Wright, Vlattas was approved in September 2006; and
WHEREAS, the budget approved for the dining hall in 2005 was $7,000,000, and the budget approved for the residence hall was $8,000,000, but it is likely that the final budgets will be in excess of the $7,000,000 for the dining hall and the $8,000,000 for the residence hall; and
WHEREAS, more time is needed to confirm the pricing of both projects and to conduct a value management session this summer in order to identify potential cost savings;
RESOLVED, the Executive Vice President and Chief Operating Officer is authorized, as necessary, to approve an increase in the project budgets for the dining and residence halls, with the concurrence of the Chairs of the Finance and Buildings and Grounds Committees.
| Board of Visitors minutes June 8, 2007 | |