REPORT OF THE PROPERTY & FINANCE COMMITTEE
(POSTPONED FROM THE NOVEMBER 27, 1997, MEETING OF THE BOARD)
Siting of the New Residence
The following motion was moved (Colcleugh) and seconded (Gibson) at the November 27, 1997, meeting of the Board of Governors:
That the Board of Governors approve:
a) the use of the north side of University Drive as the site for the construction of a 380 to 450 bed new residence;
b) that the detailed design of the residence proceed, subject to approval in January 1998 of the exterior design and that the maximum project budget be less than $20 million.
The Board subsequently voted to postpone consideration (including voting) until a Special Meeting of the Board to be held after the Campus & Community Affairs Committee held a public meeting (December 8) to receive submissions from area residents who opposed siting the residence on the north side of University Drive.
Appendix II contains the report of the Campus & Community Affairs Committee.
The above-noted motion is open for debate at the Special Meeting of the Board of Governors on December 10, 1997.