Item C-154 |
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A.1. This Item authorizes the capital projects listed below to be financed pursuant to Article X, Section 9 (d), Constitution of Virginia.
2. The appropriations for said capital projects are contained in the appropriation Items listed below and are subject to the conditions in § 2-0 F of this act.
3. The total amount listed in this Item includes $515,261,000 in bond proceeds and $18,672,000 in higher education operating funds.
Agency Name/ | Item # | Project | Section | Higher | Total |
Project Title |
| Code | 9(d) Bonds | Education |
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| Operating |
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Christopher Newport University |
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Expand Athletic Facilities | C-4 | 16520 | $3,000,000 | $0 | $3,000,000 |
Construct Student Center | C-5 | 16706 | $28,108,000 | $0 | $28,108,000 |
Construct Parking Deck I | C-6 | 16707 | $8,400,000 | $0 | $8,400,000 |
College of William and Mary in Virginia |
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Construct New Dormitory | C-10 | 16691 | $23,451,000 | $0 | $23,451,000 |
Renovate and expand Recreational Sports Center | C-11 | 16692 | $7,500,000 | $0 | $7,500,000 |
George Mason University |
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Construct Academic II parking, Arlington Campus | C-13 | 16523 | $6,650,000 | $0 | $6,650,000 |
Construct Academic IIIA parking, Prince William Campus | C-17 | 16708 | $700,000 | $0 | $700,000 |
Construct Parking Deck II | C-18 | 16709 | $15,000,000 | $0 | $15,000,000 |
Construct Fairfax Aquatic and Fitness Center Addition | C-19 | 16710 | $4,532,000 | $0 | $4,532,000 |
Construct Shirley Gate, Athletic Field and Infrastructure | C-20 | 16711 | $3,500,000 | $1,000,000 | $4,500,000 |
James Madison University |
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Acquire Valley Hardware, Phase II | C-23 | 16702 | $2,250,000 | $0 | $2,250,000 |
Longwood College |
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Construct Parking Garage | C-26 | 16700 | $4,500,000 | $0 | $4,500,000 |
University of Virginia |
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Construct new arena and parking | C-36 | 16281 | $111,000,000 | $0 | $111,000,000 |
Construct health sciences parking structure | C-40 | 16559 | $9,800,000 | $0 | $9,800,000 |
Acquire School of Medicine research building | C-41 | 16562 | $17,000,000 | $0 | $17,000,000 |
Construct Arts and Sciences parking structure | C-46 | 16693 | $9,000,000 | $0 | $9,000,000 |
Acquire School of Engineering and Applied Science | C-47 | 16694 | $9,000,000 | $4,000,000 | $13,000,000 |
University of Virginia Medical Center |
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Expand university hospital | C-48 | 16392 | $48,000,000 | $6,000,000 | $54,000,000 |
Virginia Commonwealth University |
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Construct addition to Massey Cancer Center | C-54 | 15277 | $14,025,000 | $0 | $14,025,000 |
Construct Gladding Residence Hall | C-55 | 16338 | $1,403,000 | $0 | $1,403,000 |
Construct academic campus parking deck IV | C-56 | 16578 | $9,035,000 | $2,000,000 | $11,035,000 |
Construct academic campus housing II and parking | C-60 | 16704 | $20,050,000 | $0 | $20,050,000 |
Construct academic campus housing III | C-59 | 16703 | $17,150,000 | $0 | $17,150,000 |
Construct academic campus parking deck V | C-61 | 16705 | $8,000,000 | $0 | $8,000,000 |
Construct Medical Sciences Building, Phase II | C-62 | 16721 | $8,750,000 | $0 | $8,750,000 |
Construct central dining facility | C-63 | 16722 | $12,508,000 | $5,672,000 | $18,180,000 |
Virginia Community College System |
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Construct parking deck, Annandale Campus, Northern Virginia | C-67 | 16712 | $7,950,000 | $0 | $7,950,000 |
Virginia Military Institute |
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Renovate Lejeune Hall | C-69 | 16697 | $2,850,000 | $0 | $2,850,000 |
Construct Cocke Hall Annex | C-70 | 16698 | $2,171,000 | $0 | $2,171,000 |
Renovate Jackson Memorial Hall | C-71 | 16699 | $2,928,000 | $0 | $2,928,000 |
Virginia Polytechnic Institute and State University |
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Expand Lane Stadium | C-73 | 16480 | $56,800,000 | $0 | $56,800,000 |
Construct G. Burke Johnston Student Center Addition | C-78 | 16695 | $6,250,000 | $0 | $6,250,000 |
Construct Parking Facilities and Improvements | C-79 | 16696 | $13,000,000 | $0 | $13,000,000 |
Construct Biology Building | C-80 | 16713 | $4,000,000 | $0 | $4,000,000 |
Construct New Engineering Facility, Phase I | C-81 | 16714 | $17,000,000 | $0 | $17,000,000 |
TOTAL FOR NONGENERAL FUND OBLIGATION BONDS 9(D) |
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| $515,261,000 | $18,672,000 | $533,933,000 |
B. Construction: Academic campus housing II and parking (16704)
1. The General Assembly authorizes Virginia Commonwealth University to enter into a written agreement with the Virginia Commonwealth University Real Estate Foundation (VCUREF) to develop a 450-bed student-housing complex at the corner of Broad and Belvidere Streets in Richmond, Virginia on property owned by the VCUREF. Interim financing for construction will be provided through a loan from the State Treasury. Revenue bonds issued by or for the VCUREF will provide permanent financing.
2. Virginia Commonwealth University also is authorized to enter into a written agreement with the VCUREF for the support of such student housing facilities by including the student housing facilities in the University's student housing inventory and managing the operation and maintenance of same, by assigning students to the facility in preference to other University facilities, by restricting construction of competing student housing projects and by otherwise supporting said student housing facilities consistent with law, provided that the University shall not be required to take any action that would constitute a breach of the University's obligations under any documents or other instruments constituting or securing bonds or other indebtedness of the University or the Commonwealth of Virginia. Such agreement may be in the form of an amendment to an existing agreement relating to existing student housing facilities owned by the VCUREF.
3. In consideration of the University’s support of such student housing facilities, the VCUREF agrees to convey the property and improvements to the University after the debt has been satisfied.
C. Construction: Academic campus housing III (16703)
1. The General Assembly authorizes Virginia Commonwealth University, with approval of the Governor, to explore and evaluate an alternative-financing scenario to provide the additional student housing. This project must be consistent with guidelines of the Department of General Services, and, the Treasury Board must approve any financing through the issuance of bonds or notes.
2. The General Assembly authorizes Virginia Commonwealth University to enter into a written agreement with a public or private entity to design, construct, and finance a facility or facilities to provide additional student housing. The facility or facilities may be located on property owned by the Commonwealth. Interim financing for construction will be provided through a loan from the State Treasury.
3. The General Assembly further authorizes Virginia Commonwealth University to enter into a written agreement with the Virginia Commonwealth University Real Estate Foundation (VCUREF) to construct one or more facilities to provide additional student housing, which may be on University land to be leased to said foundation for such purposes. Virginia Commonwealth University also is authorized to enter into a written agreement with said foundation for the support of such student housing facilities by including the student housing facilities in the University's student housing inventory and managing the operation and maintenance of same, by assigning students to the facility in preference to other University facilities, by restricting construction of competing student housing projects and by otherwise supporting said student housing facilities consistent with law, provided that the University shall not be required to take any action that would constitute a breach of the University's obligations under any documents or other instruments constituting or securing bonds or other indebtedness of the University or the Commonwealth of Virginia. Such agreement may be in the form of an amendment to an existing agreement relating to existing student housing facilities owned by the VCUREF.