Survey
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
Higher Educational Services Questions: KEAN UNIVERSITY • FY 2015-2016 Question: Please provide a list of public-private partnership agreements that the institutions have entered into pursuant to this law, including the name of the project, the cost of the project, and the amount of revenue to be generated for the institution and the private entity annually and throughout the length of the agreement. Have any agreements for payments-in-lieu-of-taxes with respect to a project been concluded with any municipality in which the projects are located? If so, please summarize the terms of the agreement. Project Name North Campus Dorm Project ‐ A 6 story residential complex comprising of approximately 66,000 square feet of living quarters, as well as a 37,000 square feet of common areas and services. The building includes 383 beds in shared bedroom units, a game room, bistro, great room, computer lounge, and laundry facilities. Private Partner The Michaels Organization/ Claremont Construction Group, Inc. Cost of Project $40 million Approx. Private Revenue $1.5 million developer fee +$85,000 per escalating 2% per year Public Revenue $175,000 at closing + $175,00 per year escalating 2% per year +surplus cash flow Length of Agreement 32 years after which building will transfer to the University *No PILOT agreements were made with any municipality. • Question: Does your institution collect data on the number of undocumented students, eligible under P.L.2013, c.170, who pay the in-State tuition rate? If so, how many of those students attend the institution? Yes, we currently have 10 students enrolled under the Tuition Equity Act • Question: Has the institution seen any decline in tuition revenue as a result of charging this group of students the in-State tuition rate? Has the institution changed any admissions policy regarding out-of-State students to compensate for the change? The University has not seen a tuition revenue decline as a number of the students currently enrolled on the Tuition Equity Act would have attended other Universities or community college but now because of the lower tuition attend Kean. • Question: Please discuss the steps the institution is taking to compensate for the reduction in direct operating aid from the State. While the tuition rate for the 20152016 academic year will not be adopted until this summer after the FY 2016 appropriations act has been enacted, please also discuss the possibility of tuition increases. Kean University is dedicated to achieving increased efficiency in its operations spending both internally and externally. Recent reductions in internal catering costs have reduced spending by $400,000. The recent privatization of the Universities housekeeping and landscaping services will potentially save $3.55 million to both the State and the University. Kean has recently entered into the state sponsored energy audit program to find opportunities to reduce its energy costs by 20%. 1 Higher Educational Services Questions: KEAN UNIVERSITY • FY 2015-2016 Question: For each of the bond funds listed above, please provide a table listing the approved projects, total cost, grants from the State, original start and completion dates, and revised start and completion dates, if applicable. Please discuss if there were any unexpected difficulties or problems in complying with reporting requirements or accessing grant funds through the Office of the Secretary of Higher Education? Were there any project timetable delays as a result of process or cash flow issues? Higher Education Capital Financing Grant Program Approved Projects Project Name North Ave Multipurpose Academic Building: A 125,000 sf, multi‐purpose academic building on University owned land, adding 29 classrooms and expanding seat count by 2,068 supporting programs tied to at least four of the State's priority growth areas: health care, financial services, logistics & distribution, and technology & entrepreneurship. East Campus Classroom: The renovation of 9,100 sf of existing space for 3 additional classroom and clinical and support space for the Occupational Therapy Program to increase enrollment by 12 to 15. The clinic space will enable enrolled students to complete fieldwork on‐site. Clinic‐service will be made available to the public. Performing Arts Instructional Facility Expansion and Renovation: The renovation and expansion of Vaughn Eames Hall to house scene shops and instructional space for the theatre arts program and to facilitate joint initiative with Union County Vo‐Tech School district. Kean Highlands Environmental Sciences Education Center: Construct 58,000 sf academic research and training center in the Regional Highlands Center at St. Paul. This is a joint initiative between academia and NJ Department of Environmental. The facility will support research, marketing and ongoing coursework at the Highlands center. Total Cost Grant from the State Start Date Completion Date $36,962,500 September, October, 2015 2013 (Anticipated) $36,962,500 $2,087,500 $2,087,500 May, 2013 March, 2014 $4,400,000 $4,400,000 November, 2013 May, 2015 (Anticipated) $10,362,500 $10,362,500 TBD TBD Kean University has found no difficulties or problems in complying with reporting requirements and accessing the grant funds. • Question: What is the institution’s understanding of the process to follow if it perceives that a project’s cost has changed to the extent that it may no longer be feasible to continue without additional State funds? Any changes that fall within the BOT approved contingency are approved by the University. Any changes that exceed or are outside the scope of the BOT approved contingency are 2 Higher Educational Services Questions: KEAN UNIVERSITY FY 2015-2016 brought to the BOT for their approval. To date, Kean University is not aware of any issues or cost overruns which would prohibit the completion of the projects. 3