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Room Rates Increase: Construction Bid Awarded
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May 9, 2003 -- Michigan Technological University's room-and-board rates will rise from 5 percent to 6.1 percent next fall, reflecting the cost of safety improvements to the University's residence halls.
The Board of Control approved the new rates Friday, May 9. About half of the revenue from the increases will be used to fund a $3.1-million safety-improvement project, in which sprinklers, smoke detectors and new alarm systems will be installed in two university residence halls. The remainder of the new revenue supports increases in expenses ranging from the cost of food to an anticipated increase in heating bills.
Under the new 2003-04 rates, students on the 19-meal-per-week plan will pay $5,775 for a triple-occupancy room, an increase of $330, or 6.1 percent. At the high end of the scale, students in single-occupancy, suite-type rooms will pay $7,623, an increase of $363, or 5 percent.
Students choosing plans with fewer than 19 meals a week will see annual savings ranging from $99, with the 14-meals-a-week plan, to $1,221, with the five-meals-per-week plan.
The Board also approved rent increases of up to 3.5 percent for MTU Apartments. For students, monthly rentals will range from $386 for a one-bedroom apartment to $556 for a three-bedroom unit. Utilities are included.
The Board also awarded a $2.4 million construction contract to Gundlach Construction, of Houghton, to build the Advanced Technology Development Complex. The building is funded through a $2.5 million grant from the Economic Development Administration of the U.S. Department of Commerce, with the Ford Motor Company Fund providing a $1.1-million match.
The complex, to be located on Sharon Avenue, will initially house the University's Corporate Services office and staff from the Keweenaw Research Center. In addition, space will be available for rent, particularly for technology development projects associated with Michigan Tech.
In addition, the Board reelected David Brule as chair and Rodger Kershner as vice chair for the upcoming year. |
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