RESOLUTION TO RATIFY A CONTRACT FOR ADDITIONAL STUDENT HOUSING

WHEREAS pursuant to S.C. Code Ann. §59–125–1, et. seq., the Board of Trustees of Winthrop University is created and established as a body corporate for the purpose of effectuating the educational mission of Winthrop University

WHEREAS pursuant to the Winthrop University Board of Trustees Bylaws art. II, it is the Board of Trustees’ duty to ensure the proper functioning of the University for the betterment of the State of South Carolina, and the benefit of the Winthrop Community.

WHEREAS pursuant to the Winthrop University Board of Trustees Bylaws art. VIII, the Board of Trustees is empowered to consider and approve capital projects exceeding $250,000.

WHEREAS the Board of Trustees in earlier regularly scheduled meetings authorized President Edward A. Serna to submit a Request for Proposal for additional student housing and enter into an agreement to ensure the safety and welfare of Winthrop students.

WHEREAS President Edward A. Serna informed the Board of the execution of a contract with W2C Eleven, LLC located adjacent to campus containing the following provisions, to wit:

  • Securing up to 320 bends at the CampusWalk facility for a period of three (3) years, which may be extended by mutual written consent for up to three (3) two- year terms.
  • With initial rates being $4,170 per bed per semester for a 4-bed unit, and $4,770 per bed per semester for a 2-bed unit, with such rates to increase at 3%
  • That Winthrop University will collect funds from students leasing such beds and make payments to W2C Eleven, LLC, on behalf of the resident students.

WEHREAS the Board of Trustees recognize that this contract has been negotiated in good faith and has been approved by the State of South Carolina as required by state procurement rules and regulations.

NOW, THEREFORE, BE IT RESOLVED that the Winthrop University Board of Trustees ratifies the student housing contract with W2C Eleven, LLC, and as such terms and fees as required by the contract and stated herein.

BE IT FURTHER RESOLVED that the Secretary to the Board of Trustees shall certify that the Winthrop University Board of Trustees approved this resolution on the 27th of June, 2024 in a regular meeting scheduled by the Winthrop University Board of Trustees. Such resolution shall be maintained and publicly posted by the Secretary of the Board in a time and manner as required by law.

 

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