Also from the Board:
here is the link:http://www.nebraska.edu/board/Agenda-1-06.pdf
It is proposed that the next phase of housing be on the north campus in
an area adjacent to University Village, which is privatized student
housing. A fall 2007 opening is anticipated. The following elements are
expected to be part of the ground lease agreement.
a) A totally privatized transaction with no financial obligation by the
University. The successful respondent will finance, construct, own
the leasehold interest in, and manage the project in a manner
whereby the University will have no financial obligation on the debt
or for the operations, maintenance, repairs or capital replacement of
b) Proposed monthly room rents in the “affordable” range for UNO
c) Potential net cash flow to the University.
d) Very desirable room/unit layout.
e) Experienced residence life and property management personnel.
f) Strong emphasis on facilities maintenance, including landscaping,
g) A lease period commensurate with the functional life of the project.
This item, if approved, will allow UNO to move forward with a request
for proposals relating to the project. The request for proposal will seek a
third-party developer(s) who would provide construction, financing, and
operate the project. This could be performed by a single respondent or a
combination of construction firms, entities with expertise in student
housing, finance organizations, and others.