SUBJECT: Proposed Residence Hall and Board Plan Contract Rates for FY 2001-2002
DESCRIPTION: At the March 2000 meeting of the Board of Regents, room and board rates were increased approximately 2.7%. Room rates were raised minimally (1.5%), in anticipation that there would be a significant change in 2001 with the opening of the Living Learning Center.
Because of the opening of the new facility, there is increased demand to know the room and board rates for 2001-2002 for marketing purposes as well as for the Athletic Department to begin calculations for scholarships; thus, the request for rate approval in November.
Double Room - West & Kuehne 1,680 1,950*
Private Room** - West & Kuehne 2,925
Double Room - LLC -- 2,395
Single Room*** - LLC 3,592
Private Room** - LLC 3,233
Board 1,730 1,825
*Based on the following: new showers, new bedroom furniture, local phone service, cable
television, wiring for computers.
**Private Room = double as a single (reflects 135% of double room)
***Single room reflects 150% of double room
In addition, students will be required to make a $200 deposit for their room. This is refundable if students meet their contractual obligations.
A separate technology fee for access to the campus network of $30/semester is being proposed for those students bringing computers to campus. Students may also be required to purchase a network card for their computers for an additional $60.
FINANCIAL IMPLICATIONS: Annual increase in West and Kuehne room costs of $270 and board of $95. First year of costs for Living Learning Center.
RECOMMENDATION: President Farley recommends the Board of Regents approve the proposed contract rates for FY01-02.
(date) Jerry B. Farley, President