DATE: May 11, 2021

SUBJECT: Approval of Resolution Authorizing a Facilities Lease with CRM Companies

FROM: FINANCE AND ADMINISTRATION

ACTION ITEM: YES

Initial conversations on construction of a new residence hall for Kentucky State University began in 2017 when the University had to seek alternative housing due to insufficient residential bed availability. At that time, the University began discussion on where to locate and how to best place a dormitory for its undergraduate students.

With the Covid-19 pandemic, the need to address the housing issue reached acute status. AY 2020-2021 the campus used fewer than 600 occupied beds on campus 127 beds in COVID-19 overflow housing (not including quarantine). The construction of a 400+ bed student housing facility, and a state-of-the-art dining hall will service all students. The new student residence will directly alleviate the pressure points that the University is currently facing as we lack sufficient on campus housing options and are outsourcing students to off campus housing facilities, which is costly as well as negatively impacts retention.

The Student Resident Hall project is estimated for completion no later than summer 2023.

The University issued an RFP in 2019 and CRM Companies, located in Lexington, KY was chosen in a competitive bid. The subsequent Public Private Partnership agreement enabled CRM to develop, design and construct the new residence hall, hereafter known as the Kentucky State Residence Hall contract.

The residence hall construction project was initially presented to Board on March 7, 2019 as an action item to approve the selection of CRM as the successful bidder and as the public-private partnership provider. At the December 2019 meeting of the Board of Regents, CRM presented construction options for the residence hall. The University entered into the development agreement for the design of the 400+ bed residence hall on