1 / 9

New SUB Improvements

New SUB Improvements. Derek Moore. Outcomes. Approve New SUB Committee Motion

christmas
Télécharger la présentation

New SUB Improvements

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. New SUB Improvements Derek Moore

  2. Outcomes • Approve New SUB Committee Motion • “BE IT RESOLVED THAT Council direct that the budget for the New SUB Project be increased from $103.26 million to $106.76 million, and direct the President and the VP Administration to ask the University to amend the financing agreements to reflect this.” • Inform

  3. Introduction • Brief History • Financing Agreements • Current Stance • Scope • Renovation Contingency

  4. The Ask $3.5 million scope $1.9 loan increase to students $0.8 increase in down payment $0.8 saved on construction financing

  5. Solution • Increase AMS Capital Contribution by $3.5m • How? • Δ Student Enrolment • Impact • Books: Less on UBC Loan, None on AMS Operating, Increase for Students Overall • Repayment Term: Shorter by 8 years • For sure? • Projected/Confirmed by: AMS, UBC Treasury • Supported by UBC Executives • Pending BoG

  6. Why? • Art Installations • Operational Efficiencies • Collaborative AMS Offices • Brewpub -> Entrepreneur Centre • Re-Imagined Pit PUB and Perch • Sustainability Demonstration

  7. Items

  8. Questions? Outcomes Issue History Amount Finance Solution The List • “BE IT RESOLVED THAT Council direct that the budget for the New SUB Project be increased from $103.26 million to $106.76 million, and direct the President and the VP Administration to ask the University to amend the financing agreements to reflect this.”

More Related