Reserves mandated on auxiliary account fund balances are fluid. There is construction maintenance costs currently due in the original garage. The fund balance we assume on buildings is for additional fees to be charged. Richard Crosby stated fund balances pay for maintenance costs and parking lots. No fee increase if there is no parking garage built.
Reserves mandated on auxiliary account fund balances are fluid.
There is no construction maintenance costs currently due in the original garage. Costs for garage maintenance is not anticipated at this time. Maintenance is re-stripping, signage and resealing and it is usually done seven to ten years for garages and every five years for surface lots. By Fall 2002, the University will have to have additional parking on campus to accommodate the University s needs. Mr. Drivas added that the main construction projects for the next three to four years are the Fine Arts building, Golf Management Learning Center, Child Development Research Center, Science and Engineering building, the Carpenter Library and completion of the Track and Soccer Stadium.