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            "text": "KENTUCKY STATE UNIVERSITY BOARD OF REGENTS",
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            "text": "Approval of Budget Increase for the Chandler Hall Renovation Project"
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                    "text": "Chandler Hall, built in 1939, spans 28,000 square feet and houses 115 students.",
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                    "text": "It has undergone two renovations, the most recent occurring in 1993."
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                    "text": "The building suffers from significant deferred site maintenance, outdated systems, and moisture issues, as well as failing or deteriorating architectural components (both interior and exterior)."
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            "text": "This project will include:",
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            "text": "O Upgrades to the mechanical, electrical, and plumbing systems"
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            "text": "Architectural improvements (e.g., low-maintenance flooring, building envelope repairs)"
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                    "text": "The repurposing of underutilized space, potentially increasing bed capacity",
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                    "text": "Major construction is scheduled to begin in December 2024, with completion anticipated by November 2025.",
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            "text": "BUDGETARY IMPLICATIONS:",
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                    "id": "p73.14.1",
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                    "text": "The project was previously approved with a $9,970,000 budget during the September 2024 Board meeting."
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                    "text": "As design efforts progressed, additional building envelope and HVAC issues were identified, thus increasing the estimated cost by $300,000."
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                    "text": "The total projected budget is now $10,270,000.",
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                    "text": "The additional $300,000 will come from the University's 2022–2024 state bond-funded asset preservation funds, consisting of $260,869.57 in state bond funds and $39,130.43 in University matching funds."
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            "text": "RECOMMENDATION:",
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            "text": "President Koffi C. Akakpo recommends that the Board of Regents approve the budget increase for the Chandler Hall Renovation Project."
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            "text": "MOTION:",
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            "id": "p73.18",
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            "text": "Approve the budget increase for the Chandler Hall Renovation Project."
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            "text": "Finance and Administration",
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