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Exhibit A CLINCH VALLEY COLLEGE OF THE UNIVERSITY OF VIRGINIA Feasibility Study for Student Union Building Prepared by the University Budget Office in conjunction with Clinch Valley College of The University of Virginia March 10, 1983
CLINCH VALLEY COLLEGE OF THE UNIVERSITY OF VIRGINIA STUDENT UNION BUILDING PROJECT DESCRIPTION
 
 
 
 
 
 
 
 



Exhibit A
CLINCH VALLEY COLLEGE
OF THE
UNIVERSITY OF VIRGINIA
Feasibility Study
for
Student Union Building
Prepared by the
University Budget Office
in conjunction with
Clinch Valley College of
The University of Virginia
March 10, 1983


1

CLINCH VALLEY COLLEGE
OF THE
UNIVERSITY OF VIRGINIA
STUDENT UNION BUILDING
PROJECT DESCRIPTION

Clinch Valley has constructed a new Student Union Building at a cost of $1,170,000. Of this amount $585,000 will be financed by a bond issue. We would like for this building to be included in a 9c revenue bond issue for permanent financing.

Payment of the debt will be from revenues for profit on sales and student building fees less expenditures for operation of the building. The building fees will consist of $120 which will be charged to each full-time equivalent (FTE) regular session student and $15 which will be charged to each summer session student. In calculating the debt payment schedule, we used 8.50% as our interest rate and extended the payment over 20 years. This resulted in coverage of approximately 110%.