• PLANNING, DESIGN AND MANAGEMENT
• CONSTRUCTION
• PRIVATE FINANCIAL SUPPORT
• FINANCE

IV. CURRENT PROJECT STATUS (as of April, 1997)
V. CURRENT PROJECTS FUND SOURCES: UCONN 2000 (as of April, 1997)

• On April 11, 1997, the Board of Trustees approved a revised list of UCONN 2000 projects. This list substituted several projects on the Storrs campus, including the expansion of the Student Union, for the Hartford Relocation project. (Please see Attachment A.)
• The Ice Rink Enclosure project was bid; however, bids submitted were over budget. The Project is being redesigned and will be rebid in the next two months.
• The financial projections for the use of Owners Controlled Insurance Program (OCIP) have been confirmed by actual bidding results. The cumulative reduction in bid price for three projects has been $3,714,000, or 4% of the bid prices. The cost to the University of purchasing insurance is approximately 50% of this amount, representing a net savings to the University of $1,800,000.

• New Chemistry Building
• Stamford Downtown Campus
• Music & Drama/Music Additions and Renovations

• South Campus Dormitory and Dining Hall
• Ice Rink Renovation
• New Central Warehouse
• North Campus Parking Garage
• Avery Point Marine Sciences
• Heating Plant Upgrade
• Technology Park Phase I (Biology/Physics)
• Agricultural Biotechnology Building
• University Programs Building
• Waring Building Conversion
• Litchfield Agricultural Center
• New School of Business

• Coverage is based on the time of claim and must be shared with all other claims made against the design professional at the same time.
• There is no guarantee of continued coverage.

• The Facilities Management Department has created a Home Page on the World Wide Web for dissemination of information on UCONN 2000 projects. One of the primary uses for the Home Page is to advertise the projects to individuals or entities whose services (such as architectural or engineering) are sought. This allows those seeking engagements to view UConn’s needs at any time, rather than having to rely solely on the legal advertisements published on a one-time basis.

• New School of Business
• North Campus Parking Garage
• Renovations to the Waring Building
• Renovations to the Northwest Dormitories
• Litchfield Agricultural Center

• The project for the development of a revised Facilities Master Plan is moving forward. Current projects that are either in design or construction have been coordinated with the master planning effort. This plan has identified potential future building sites for the UCONN 2000 projects. Some of the goals of the master planning effort are:

• Establishment of a framework that emphasizes a clear concept of campus organization within a context of an academic community committed to a physical infrastructure that is beautiful, accessible, practical, secure and durable
• Adoption of architectural building guidelines
• Development of site and landscape standards
• Composite campus-wide system plans that identify:

• Potential building locations
• Open space
• Pedestrian circulation
• Parking
• Utilities

• Development of subcampus alternatives

• Utilities (distribution and production)
• Site/building capacities
• Parking

• Design will be completed and bids received on the following major projects in the next six months:

• South Campus Dormitories and Dining Hall
• Avery Point Marine Sciences and Technology Center
• White Building Code Violation Abatements
• Central Warehouse

• Additional smaller scale project were designed and bid to support the Technology Quadrant projects, additional classroom renovations, roofing replacement and parking lot expansions.
• Several projects authorized prior to the adoption of UCONN 2000 are awaiting action by the State Bond Commission. The projects and the dates the requests for action were initiated are as follows:

• Mansfield Training School Improvements (March 1996)
• Heating Plant Improvements (May 1996)
• Music & Drama/Music Additions and Renovations (March 1997)
• Ice Rink Improvements (February 1997)

• The UCONN 2000 construction program is progressing. As outlined below, there will be over $200,000,000 worth of projects in various stages of construction by Fall, 1997 This compares to the approximately $80,000,000 in activity at the current time.
• Initial reaction to the prequalification process described in previous reports is favorable. The University is attracting interest from contractors who never before sought University work. The criteria used to prequalify (similar experience, bonding capacity, financial ability, managerial and technical know-how) insure that all contractors entering the competition have the capacity to complete quality work. This system is designed to ensure that low bid does not translate into low quality.
• The number of prequalifications has accelerated during the last six months. Contractors have been prequalified for the following projects that are either out to bid or in final stages of design:

• South Campus Dormitories and Dining Hall
• Avery Point
• Ice Rink Enclosure
• Central Warehouse
• Classroom Renovations
• White Building Renovations
• North Campus Parking Garage

• The Gampel Seating project was completed in its entirety in time for the basketball season. This project was completed one year ahead of schedule through the combined efforts of the contractor (O&G Industries of Torrington, CT) and University staff empowered by the flexibility contained in the UCONN 2000 legislation.
• The Stamford Downtown renovation project is well underway. The project is about one month behind original projections based on a very aggressive schedule. Completion is now scheduled for October 1997; the project is on budget.
• Construction started on the new Chemistry Building in November, 1996. The bids received were within the construction budget. Walsh Construction of Trumbull, CT was selected as the contractor for this project. The project has benefited from a mild winter construction season. Completion is scheduled for the Summer of 1998.
• The Field House Reconstruction project is rapidly moving towards its scheduled completion in July 1997. Construction is about 75% complete. The contractor is Konover Construction Co. of West Hartford, CT.
• Renovations to the Mansfield Apartments are on schedule. This project provides new sloped roofs, windows, doors and interior renovations. The project is scheduled for completion in the Summer of 1997.
• Bids have been received for the additions to the Fine Arts Complex. This project includes the renovation of the Music & Drama/Music buildings as well as construction of a new Music Library and Orchestra Band Building. O&G Industries of Torrington, CT is the low bidder for the project, but no contract has been awarded as the project awaits Bond Commission action.
• Numerous smaller projects have been completed, including the renovation of two classrooms, relocation of utilities in anticipation of the new Chemistry Building, an athletic batting facility, roof repairs and lighting of recreation courts.
• Babbidge Library repairs are continuing under the management of the Department of Public Works. DPW’s request for additional funds to complete the project received legislative approval and favorable Bond Commission action in April, 1997. The project is currently scheduled for completion in April, 1998.

• The goal for private financial support for Fiscal Year 1996-97 is $18 million in receipts. Actual gift receipts for the University totaled $11.1 million at December 31, 1996 and $15.9 million at March 31, 1997. These amounts represent an 82% increase and a 68% increase, respectively, over the same periods the previous fiscal year. This can also be compared to $13.3 million raised during all of Fiscal Year 1996 and $8.2 million raised in Fiscal Year 1995.
• The upward giving trend demonstrated since the inception of UCONN 2000 has continued. As of March 31, 1997, giving was up across all major areas — Storrs and regional campuses, 119%; Health Center, 73% and Athletics, 12%, compared to gift levels during the comparable period in the last fiscal year.
• Gifts to the endowment as of March 31, 1997 totaled $9.0 million. This represents an increase of 201% over the same period in the previous fiscal year, and can be directly attributed to the matching gift opportunities available to donors through UCONN 2000.
• The size of individual gifts has increased dramatically since the inception of the UCONN 2000 matching gifts program. During the first nine months of Fiscal Year 1996-97, 52 donors made major gifts — those between $25,000 and $99,000 — which totaled $1.9 million and 23 principal gifts of $100,000 or greater were received, for a total of $7 million. This compares to 28 major gifts and 11 principal gifts received during the comparable period the previous fiscal year.
• The UCONN 2000 endowment matching gift program has resulted in unprecedented levels of giving from alumni and other friends of the University. After the first full year of UCONN 2000 solicitation, which ended on December 31, 1996, pledges totaled $16.8 million. As of March 31, 1997, the total had grown to $17.6 million, or 88% of the $20 million in matching funds committed to by the State. The University has asked the General Assembly to extend the provisions of the matching grant program.
• On February 14, the Board of Trustees submitted to the Governor’s Office of Policy and Management a request for $9.1 million in matching funds to be paid against endowment gifts received in calendar year 1996. It is expected that these funds will be received from the State at the start of the next fiscal year, July 1997.
• The largest gift ever made for the benefit of University programs was received in January, 1997. Harold S. Schwenk, Jr. and Paula H. J. Schwenk, ’79 MA donated $1.75 million in stock to establish the Harold S. Schwenk, Sr. Distinguished Chair in Chemistry in honor of the donor’s father, a former chemistry professor at the University. A portion of the gift will also be used to establish “The Fund for Innovative Education in Science,” an educational program to encourage undergraduates to pursue the sciences. Due to favorable market conditions, the sale of this stock gift netted over $2 million — $1.75 million of which was eligible to be matched under UCONN 2000 — resulting in a total benefit to the University of over $3.75 million.
• Payment of a $500,000 pledge made by Robert Cizik was received in January 1997. The gift, which will be matched under UCONN 2000, will establish the “Robert Cizik Chair of Excellence in Manufacturing and Technology Management,” the first endowed chair in the School of Business Management. The gift will fund a full professorship to be filled by a premier educator experienced in fostering joint business and engineering projects, conducting critical research and forging strong ties with industry.
• In February 1997, the assets of the University of Connecticut Foundation topped $100 million. This compares to assets of $55 million at June 30, 1994; $65 million at June 30, 1995 and $85 million at June 30, 1996. Over 76% of total assets are currently held in endowment.

• The law authorized, in total, bonding for UCONN 2000 projects of $962,000,000 to be secured by the State’s debt service commitment, plus costs of issuance and any required reserves.
• As of April 30, 1997, $224,543,000 of the $962,000,000 of total project authorizations has been allocated and approved for bonding for projects approved by the Board of Trustees and the Office of the Governor.
• On February 21, 1996, “The University of Connecticut General Obligation Bonds 1996 Series A”, the first series of bonds secured by the State’s debt service commitment, were issued in the amount of $83,929,714.85 . Of this amount $82,606,220 was for UCONN 2000 projects, and the balance, together with accrued interest, funded the cost of issuance through the Office of the Treasurer.
• An updated list of projects funded with 1996-A bond proceeds includes: the Chemistry Building, Deferred Maintenance & Renovation Lump Sum, Equipment, Library Collections & Telecommunications, Mansfield Apartments Renovations, Stamford Downtown Relocation-Phase I, plus additional amounts.
• On April 24, 1997, “The University of Connecticut General Obligation Bonds 1997 Series A”, the second series of bonds secured by the State’s debt service commitment, were issued in the amount of $124,392,431.65 . Of this amount $121,080,861.48 was for UCONN 2000 projects, and the balance, together with accrued interest, funded the cost of issuance through the Office of the Treasurer. Some of the projects funded by this issue include: the Chemistry Building, the Mansfield Apartment Renovations, the Stamford Downtown Relocation, Equipment, Library Collections & Telecommunications, Deferred Maintenance & Renovation Lump Sum, the Avery Point Marine Science Research Center, the Heating Plant Upgrade, the Ice Rink Enclosure, the Litchfield Agricultural Center, the Northwest Quad Renovations, the Parking Garage North, the School of Business, the South Campus Complex, the Waring Chemistry Complex, the White Building Renovations, and the Wilbur Cross Building Renovations.
• As of April 30, 1997, the UCONN 2000 debt service commitment bonds were rated “AA-” by Standard & Poor’s, “A-1” by Moody’s Investors Service, and “AA-” by Fitch Investors Service. In addition, certain maturities of bonds are insured with “AAA” rated municipal bond insurance. The State Treasurer manages the debt service commitment Bond sale process and invests the proceeds.