Regular 5.
Regular City Council Meeting
- Meeting Date:
- 06/26/2017
- TITLE
- Donation to Yellowstone Science & Allied Health Building at MSU-B
- PRESENTED BY:
- Tina Volek
- Department:
- City Hall Administration
Presentation:
PROBLEM/ISSUE STATEMENT
The Montana State University Billings (MSU-B) Foundation has requested a $50,000 donation from the City toward the expansion and renovation of MSU-B's Yellowstone Science and Allied Health Building, which is expected to cost $18.4 million. The present 1947 building is 47,550 sq. ft. and the proposed expansion would add 31,361 sq. ft., increasing classroom, lab, office and education space, and achieving a silver LEEDs certification.
City Council Members heard a presentation on the proposed project on June 5, 2017, from Foundation President Bill Kennedy, and the Council instructed staff to bring forward a resolution to potentially help fund the project through a contribution from the Council Contingency Fund (attached).
City Council Members heard a presentation on the proposed project on June 5, 2017, from Foundation President Bill Kennedy, and the Council instructed staff to bring forward a resolution to potentially help fund the project through a contribution from the Council Contingency Fund (attached).
ALTERNATIVES ANALYZED
City Council may:
- Approve the resolution; or
- Modify the resolution or the amount to be donated; or
- Disapprove the resolution.
FINANCIAL IMPACT
The Contingency Fund currently has a balance of $64,713.87. There are no other planned expenditures, so the funds will remain in the General Fund at the end of Fiscal Year 2017 (June 30) if not used in this manner.
RECOMMENDATION
Staff recommends that the City Council approve the resolution making a $50,000 donation to MSU-B for its Yellowstone Science and Allied Health Building.