RESOLUTION

Concerning
The Use of Plant Funds To Finance
The Replacement of Kaiser Hall's Gymnasium Floor and Seating
At
Central Connecticut State University

April 29, 2005

WHEREAS,   Central Connecticut State University (CCSU) is in the process of installing a new replacement floor and bleacher system for Kaiser Hall's gymnasium due to their state of disrepair, and

WHEREAS,   The Board of Trustees approved the use of up to $530,000 of CCSU's plant funds to finance the project (BR#05-5) including $67,500 for design of a new roof, and

WHEREAS,   The remaining funds were to be provided by a general obligation bond fund authorization to be allocated by the State Bond Commission, and

WHEREAS,   The university received favorable bids on February 17, 2005 for a total project cost of $1,076,350, and

WHEREAS,   The university would like to complete the project as originally planned between May and September 2005, and

WHEREAS,   The State Bond Commission did not meet in February or April 2005 and the project was not included for consideration at the March meeting, therefore be it

RESOLVED,   That CCSU is authorized to utilize up to $1,143,850 from their Plant Fund to finance the design of a new gymnasium roof and the design and replacement of Kaiser Hall's gymnasium floor and bleacher seating.

A Certified True Copy:

William J. Cibes Jr., Chancellor