Fraternity & Sorority Life Housing Project

February 5, 2013UNF Fraternity & Sorority Housing

Committee

Greek ForumFebruary 05, 2013

Treanor ArchitectsMGT of America

University of North FloridaGreek Housing Feasibility Study & Financial Analysis

Feasibility Study ProcessFeasibility Study Process

VisioningInvestigation & EvaluationConceptualizationIterationSuccess

Feasibility Study ProcessFeasibility Study Process

Visioning:

Establish GoalsPROVIDE FOR FINANCIAL STABILITY & VIABILITYENHANCE VIBRANCY OF CAMPUS LIFECREATE A POSITIVE, HEALTHY COMMUNITYDESIGN AN AESTHETIC THAT IS TIMELESS & ENGAGINGCREATE A COMMUNITY – A VIBRANT VILLAGEDEVELOP A SENSE OF PRIDE OF OWNERSHIPHAVE RESPECT FOR THE NATURAL ENVIRONMENTESTABLISH TRADITIONSDESIGN VILLAGE TO BE A VISIBLE PART OF CAMPUSPROVIDE A SENSE OF HOMEVILLAGE SHOULD FEEL LIKE “THEIR HOME”DIFFERENTIATE IDENTITYDEVELOP STUDENTS HOLISTICALLYDESIGN THAT FITS & BELONGS AT UNF

Prioritize the GoalsDevelop Mission Statement

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Create a Positive, Healthy Greek Community that Provides for a Vibrant Campus Life and is Financially Viable & Stable.

Feasibility Study ProcessFeasibility Study Process

Investigation & Evaluation:

Market AnalysisArchitectural ProgramSite AnalysisSustainability StrategyQuality Statement, CostFinancial Feasibility

Architectural ProgramArchitectural ProgramEACH HOUSE INCLUDES:

Entry FoyerLiving RoomResidential KitchenChapter Room & StorageStudy RoomBedrooms with Community Baths2 Single Bedrooms, Remainder Double (16, 20 Bed)4 Single Bedrooms, Remainder Double (36 Bed)

Architectural ProgramArchitectural ProgramCOMMON SPACES ARE SIZED FOR CHAPTER MEMBERSHIP:

16- & 20-Bed House

Living Room for 15Chapter Room for

50Smaller Kitchen

32-Bed HouseLiving Room for 20Chapter Room for

160Larger Kitchen

Feasibility Study ProcessFeasibility Study Process

Conceptualization:

Develop Site Master PlanAssess Site CostsRefine Financial Feasibility

Site:

Kernan Blvd

1st Coast Tech Pkwy

Alumni Drive

You Are Here:

ConceptConceptPHASE 1:

Mix of House Sizes:16, 20, 36 Beds

Parking:240 Street180 Parking Lot420 Total Spaces

Future Phases:Commons BuildingAdditional Houses

FeasibilityFeasibility

Lease Term:

Housing Rates:

Base Rent:

Comparative rates to existing per-month rates in Fountains

Project has proven to be feasible and prudent, given that the following parameters are met:

12-month housing agreements in lieu of 9-month – the only alternative is 33% increase in rates

Mix of House Sizes:

Rental charge for common spaces to the Organization

Particular mix of sizes makes Pro Forma work

OVERALL TIMELINE

Dr. Lucy Croft, Assistant Vice President for Student Affairs

Overall Timeline February 5 Final presentation to organizations Feb. 5 – March 1 Orgs. provide feedback on documents March 15 UNF provides any changes/revisions Feb. 5 – April 1 Orgs complete items associated with

Requirements and submits preferences

Apr. 1 – Apr. 30 Organizations present to panel April 30 UNF makes decisions about which orgs

qualify for housing. May 1 Orgs are notified as to UNF decision. June 1 Orgs agree to form of lease and submit

$20,000 down payment

HOUSING DOCUMENTS

Shari Shuman, Vice President of Administration & Finance&

Bob Boyle, Associate Director of University Housing Operations

Lease Highlights

Premises: Portions of the house consisting of foyer, kitchen, chapter/multipurpose room, living room, guest bathrooms, hallways, storage areas, study rooms, laundry room, patios, and outdoor recreation areas immediately adjacent and connected to the building.

Premises do not include residents’ bedrooms or baths. Residents enter into individual agreements for bed space with UNF’s Office of Housing for 12 months.

Term: Initially 5 years, with 5-year term extensions thereafter on mutual agreement

Lease Highlights Cont…

Security Deposit: $20,000, constant

Use: Limited to active and alumni members; residence in house restricted to active members and live-in director. Live-in director required.

Occupancy: House must not fall below 80% occupancy for more than two consecutive years.

Maintenance: UNF maintains Premises and house, structure, roof, mechanical equipment, windows. Organization is responsible for regular custodial service in the Premises.

Assignments/Subletting: Not permitted without UNF’s consent.

Lease Highlights Cont…Base Rent: Amount payable annually on August 1 of each leaseyear; Increase of 4% per year.

36 bed freestanding house = $61,50036 bed townhouse = $43,05016 or 20 freestanding house = $27,50016 or 20 townhouse = $19,250

Additional Rent: UNF Housing’s comparable rate for anyunoccupied bed space, billed by UNF

Residential Space Information

Auxiliary driven

Residential space v. common space

Collection of residential rent

Residential services

Fraternity & Sorority Housing Handbook highlights

HOUSING SELECTION CRITERIA

Shari Shuman, Vice President of Administration & Finance&

Dr. Lucy Croft, Assistant Vice President of Student Affairs

QUESTIONS & ANSWERS