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            "text": "KENTUCKY STATE UNIVERSITY BOARD OF REGENTS",
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                    "text": "DATE:\nSUBJECT:\nFROM:\nACTION ITEM:",
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                    "text": "August 5, 2020\nApprove Revision to Contract with Capital Plaza Hotel\nFINANCE AND ADMINISTRATION\nYES",
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            "text": "BACKGROUND: The execution and approval of this contract is necessary to ensure that Kentucky State University will have capacity to house students should on-campus housing not be available due to social distancing required by COVID-19."
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            "text": "SUMMARY OF PROGRAMS/ACTIVITIES: The Office of Administration and Finance is hereby submitting the attached contract for approval by the Kentucky State University Board of Regents."
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            "text": "Goal 3: Increase the University's Financial Strength and Operational Efficiency."
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            "text": "FISCAL IMPLICATIONS: The total cost to the University to house up to 250 students for Fall Semester 2020 at Capital Plaza Hotel at an expense not to exceed $614,656. At full capacity the University can generate an additional $1,611,680 in gross revenue."
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            "text": "RECOMMENDATION: The Kentucky State University Board of Regents approve up to the total amount listed in the contract with Capital Plaza Hotel."
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            "text": "Page 20 of 22",
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