2018-2024 CAPITAL PLAN
PROPOSED CAPITAL PROJECT.
FORM SYP-P2
PLAN VERSION - 1
4/17/2017
Branch: Executive Branch
Cabinet/Function: Cabinet for Postsecondary Education
Agency/Institution: KY State University
Project Title Construct New Residence Hall
Category Construction - Other
Biennium 2018-2020
Location (county) Franklin
Location (ADD) Bluegrass ADD
Appropriation Unit 435U
Additional Funding? No
A new residence hall is needed to house additional students as enrollment projections increase and to provide modern housing facilities. This residence hall would be the second building located in a planned residential quadrangle on the campus south of US60 beside Young Hall. This would be the first residence hall to be built on campus with privatized financing. The new facility is anticipated to contain approximately 500 beds set up in a combination of suites and apartment layouts.
| Fund Sources | Amount | Cost Elements | Amount |
|---|
| General Fund | | Land Acquisition | |
|---|
| Restricted Funds | | Site Survey/Prep | 229,000 |
|---|
| Federal Funds | | Project Design | 3,872,000 |
|---|
| Road Fund | | Construction Cost | 43,983,000 |
|---|
| Agency Bonds | | Mov. Equip/Furn. | 1,474,000 |
|---|
| Other(Private - Cash) | | Contingency | 4,808,000 |
|---|
| Other(LT Financing) | 54,366,000 | Other(specify) | |
|---|
| Other(Local Bonds) | | | |
|---|
| Total | 54,366,000 | Total | 54,366,000 |
|---|
Explanation of "Other LT Financing" Fund Sources
Privatized Funding
Explanation of 100% Budget
In-house estimate based on RS Means data.
IMPACT ON OPERATING BUDGET? Yes
Explanation of Impact on Operating Budget
Costs for maintenance personnel, supplies, repairs and utilities will be considered during the discussions on Privatized Funding opportunities. Any cost will be out of KSU Restricted Funds.