ACTION ITEM:
Approval of Budget Increase for the Chandler Hall Renovation Project
FACTS:
- Chandler Hall, built in 1939, spans 28,000 square feet and houses 115 students.
- It has undergone two renovations, the most recent occurring in 1993.
- The building suffers from significant deferred site maintenance, outdated systems, and moisture issues, as well as failing or deteriorating architectural components (both interior and exterior).
- This project will include:
- oUpgrades to the mechanical, electrical, and plumbing systems
- oArchitectural improvements (e.g., low-maintenance flooring, building envelope repairs)
- oThe repurposing of underutilized space, potentially increasing bed capacity
- Major construction is scheduled to begin in December 2024, with completion anticipated by November 2025.
BUDGETARY IMPLICATIONS:
- The project was previously approved with a $9,970,000 budget during the September 2024 Board meeting.
- As design efforts progressed, additional building envelope and HVAC issues were identified, thus increasing the estimated cost by $300,000.
- The total projected budget is now $10,270,000.
- 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.
RECOMMENDATION:
President Koffi C. Akakpo recommends that the Board of Regents approve the budget increase for the Chandler Hall Renovation Project.
MOTION:
Approve the budget increase for the Chandler Hall Renovation Project.