Board of Visitors minutes :: March 25, 1983 :: University of Virginia Library

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

Student Union Building Estimated Net Revenue Available for Debt Service for $585,000 General Obligation Bonds

UNIVERSITY OF VIRGINIA DEBT SERVICE SCHEDULE CVC - STUDENT UNION BUILDING INTEREST RATE 8.5 %

Exhibit B UNIVERSITY OF VIRGINIA Feasibility Study for Addition to Newcomb Hall Prepared by the University Budget Office in conjunction with the Vice President for Student Affairs and the Director of Business and Auxiliary Services University of Virginia March 10, 1983

UNIVERSITY OF VIRGINIA Addition to Newcomb Hall Project Description

UNIVERSITY OF VIRGINIA Addition to Newcomb Hall Estimated Net Revenue Available for Debt Service for $2,800,000 Revenue Bonds

UNIVERSITY OF VIRGINIA DEBT SERVICE SCHEDULE NEWCOMB HALL ADDITION INTEREST RATE 8.5 %

Exhibit C UNIVERSITY OF VIRGINIA Preliminary Feasibility Study for Housing for Approximately 300 Students Prepared by The University of Virginia Budget Office In Consultation with the Director of Business Operations March 10, 1983

UNIVERSITY OF VIRGINIA Housing for Approximately 300 Students Project Description

UNIVERSITY OF VIRGINIA Housing for Approximately 300 Students Estimated Net Revenue Available for Debt Service for $5,000,000 Bond Issue

UNIVERSITY OF VIRGINIA DEBT SERVICE SCHEDULE HOUSING FOR 300 STUDENTS INTEREST RATE 8.5 %

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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

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%.