UCONN 2000

• PLANNING, DESIGN AND MANAGEMENT
• CONSTRUCTION
• CONNECTICUT CONTRACTOR SUMMARY
• FINANCE
• PRIVATE FINANCIAL SUPPORT
• UCONN 2000 IN CYBERSPACE
• PREVAILING WAGE COMPLIANCE REPORT

Total and Endowment Gifts for the University of Connecticut

Asset Growth: The University of Connecticut Foundation, Inc.

• Attachments & Exhibits:
• Attachment A - Alphabetical Listing of Contractors and Subcontractors
• Attachment B - Contractor Compliance
• Attachment C - Support Initiatives
• Exhibit A - UConn 2000 Year 10 Proposed FY 2004-05 Authorized Projects
• Exhibit B - UConn 2000 Phase III Project List/State Debt Service Commitment
• Exhibit C - Policies: Selection and Acquisition of Professional Services
• Exhibit D - Policies: Pre-Qualification and Selection of Contractors
• Debarment List

Academic Way, a new pedestrian path joining Babbidge Library with South Campus, has been completed. The path is an integral component of the Master Plan which makes the central core of the campus pedestrian-friendly while moving traffic to the perimeter of the campus.

ABOVE: The Nafe Katter Thrust Stage Theatre, part of the structural redesign of the Fine Arts complex, houses a three-sided thrust stage that extends into the audience offering more audience-actor contact. The theatre is scheduled to open in Fall 2004. BELOW: The new three-sided thrust stage housed in the Nafe Katter Thrust Stage Theatre.

UCONN 2000: THE UPDATE

This is the eighteenth in a series of semi-annual reports to the Governor and the General Assembly pursuant to the provisions of Sections 10a-109 through 10a-109y of the Connecticut General Statutes, originally An Act to Enhance the Infrastructure of the University of Connecticut, now known as UCONN 2000. These reports have been issued each October and April since passage of UCONN 2000 on June 7, 1995. The law also required a four-year progress report, which was filed on January 15, 1999.

The University of Connecticut contributes significantly to our state's quality of life and economic growth. UCONN 2000 has spawned new and renovated facilities and state-of-the-art academic equipment. These, in turn, have spurred enrollment growth and enhanced the academic quality of the student body, as well as attracting high-level faculty and research support to the University.

UConn is a key economic driver for the state. Consider the following sampling of the many ways in which the University contributes to Connecticut's well-being:

• Professional Workforce Development: Over 90,000 University of Connecticut alumni live and work in Connecticut
  
  
• Private Partnerships: UConn's cooperative efforts with the private sector help to enhance and support the competitiveness of the state's businesses
  
  
• Research Impact: The University has more than 70 focused research centers that explore subjects from improving human health to enhancing education to protecting natural resources
  
  
• Off Campus Teamwork: UConn serves as a resource for state, regional, and local municipal agencies, enabling more cost-effective public services
  
  
• Extending Our Reach: UConn faculty, researchers, students and staff routinely reach out to assist citizens throughout the state in a variety of venues, such as urban programs, law and health clinics, and environmental quality
  
  
• Pursuits of Health &Happiness: Last year more than 200,000 people attended cultural, recreation and entertainment events, exhibitions and performances at UConn
  
  
• The State of Huskymania: History-making success in basketball and the emergence of a football program of national prominence, Huskymania flourishes.
  
  

Whatever the future may hold for our state, it is certain that the University of Connecticut will remain a critical asset in maintaining a vigorous economy and outstanding quality of life for the citizens of Connecticut. A key catalyst for this continues to be UCONN 2000 and its upcoming third phase, also known as 21st Century UConn.

UCONN 2000: ACTIVITIES COMPLETED OR UNDERWAY

• PLANNING, DESIGN AND MANAGEMENT
  
  • The University has begun an update of its 1998 Master Plan. In view of the extensive physical changes on all the campuses resulting from the UCONN 2000 investment and the forthcoming 21st Century UConn initiative, it is necessary to update the plan so that the University can manage its capital resources most effectively. The plan will adjust the planning baseline to reflect the current physical plant, assess current and projected space needs relative to available facilities, assess the overall parking and transportation system including its financial and operational aspects, and refine the campus' physical composition to advance improvements already in place. The planning effort includes activities on the West Hartford, Torrington and Avery Point campuses. Additionally, a plan is being developed for sports and recreational facilities. The consultant for the Master Plan revision is JJR of Ann Arbor, Michigan.
    
    
  • The Law School Library has experienced an on-going series of leaks since opening in 1996. The project's construction, which predates UCONN 2000, was managed by the Department of Public Works. Corrections undertaken did not resolve the situation, so the University hired its own consultants (Hoffman Architects of New Haven, and Simpson Gumpertz and Heger, Incorporated of Boston) to investigate, identify problems and propose solutions. The University is working with the Office of the Attorney General and the Department of Public Works to address the issue. Funding for repairs is in the State's FY 2005 Capital Budget with an expectation of recovery of funds as appropriate.
    
    
  • The University continues standardizing building systems and system components within its overall building and renovation program, (e.g., electrical circuitry, panel boxes, etc.). This process will reduce the number of replacement parts UConn needs to inventory, speed repairs, improve the level of maintenance and lower overall costs.
    
    
  • The Board of Trustees, at its March 23, 2004 meeting, approved the FY 2004-05 Capital Budget totaling $100,000,000 for system-wide capital improvements, equipment, telecommunications and library acquisitions as shown in Exhibit A. This amount reflects $50 million for the final year of Phase 2 of UCONN 2000 and $50 million for the first year of Phase 3, also known as 21st Century UConn. Together these amounts total the FY 2005 authorization "cap" of $100,000,000. The following is a brief description of the projects included in the FY 2004-05 Capital Budget:
    
    Storrs and Regional Campuses
    
    Arjona and Monteith (New Classroom Buildings)
    These two buildings, on perhaps the most highly visible site on campus, were constructed in 1959, each having 68,600 square feet of space on four levels. Connected to Monteith is the 4,400 square foot Schenker Lecture Hall. These buildings are the most heavily used classroom facilities on the Storrs campus and also contain offices for departments within the College of Liberal Arts and Sciences. It was anticipated in the UCONN 2000 program that these buildings would be renovated. However, 1) the cost far exceeded planned allocations and 2) the University could not take this much existing classroom space off-line during a period of skyrocketing enrollment. It has also become clear that the buildings' deficiencies are such that renovation would be very costly; moreover, even after renovation the spaces still would not meet today's needs. The project now consists of construction of new buildings and demolition of the current facilities. This year's authorization will provide design funding.
    
    Avery Point Renovation
    This year's funding continues renovations, repairs and demolition activities on the Avery Point Campus.
    
    Deferred Maintenance &Renovation Lump Sum
    In general, projects undertaken fall into one or more of the following categories:
    • Safety and code required improvements
    • Roof and exterior repairs
    • Building mechanical system improvements
    • Utilities repairs and upgrades
    • General building renovations
    • Roads, walks and grounds
      
      
    Equipment, Library Collections &Telecommunications
    The enhancement of the University's infrastructure includes instructional and scientific equipment. The equipment replacement category permits the University to replace outmoded items with state-of-the-art laboratory devices and computers. Funding covers seven major categories: Management Information Systems, Computers, Research Equipment, Instructional Equipment, Furnishings, Infrastructur e and Public Safety, and Library Materials. For FY 2005, capital equipment allocations are expected to include approximately $10.7 million for academic needs (including library collections), $1.7 million for operational needs, and $6.8 million for information technology.
    
    Lakeside Renovation
    The Lakeside Apartments (constructed in 1931 to serve as a facility for overnight guests at the University) has 15,000 square feet on 3 levels. With the completion of the Nathan Hale Inn, use of this facility to house overnight guests has been discontinued. The building has an attractive exterior representative of Depression era construction but virtually nothing other than the most urgent of code upgrades has been done in the interior. The University plans to renovate the building for University Communications, Governmental Relations and University Events operations. The facility currently housing most of these activities is in deplorable condition; time is of the essence in completing replacement space. Included in the renovation would be the following:
    
    
    • Replace roof
    • Repoint masonry
    • Replace windows and doors
    • Install elevator
    • ADA modifications
    • Upgrade primary and secondary electrical service
    • Replace heating system
    • Install central air conditioning
    • Upgrade fire alarms
    • Install sprinkler system
    • Replace plumbing systems
    • Remove asbestos
      
      
    This year's authorization provides design and construction funding.
    
    Natural History Museum Completion
    The State Museum of Natural History plans to establish a new Connecticut Archaeology Center to provide support for UConn graduate and undergraduate students and operate archaeology field schools. It also will provide elementary and secondary school teachers with training, curriculum guides and teaching resources; technical training and assistance to Connecticut municipalities; an active Web presence; and access for professional archaeologists, students and the public to maps, collections and an archaeology library. The Center will expand the museum's ability to promote an appreciation of cultural and natural history, with a focus on New England. It will also provide access to the State's largest collection of Connecticut artifacts and increase support of the Office of State Archaeology that is mandated by the State to protect some 1,000 archaeological sites on state land and over 3,000 sites on private land. (The State Archaeologist provides technical assistance to municipalities, cares for anthropological collections, and oversees sites of Native American burials and the return of sacred materials.) The renovation project, estimated at $700,000 will create space for work and display for these activities. The second and third floors will be finished and an elevator installed. $200,000 of the total cost will be paid by funds from private donors.
    
    North Hillside Road Completion
    This project will extend Hillside Road by 5,300 lineal feet to Route 44 and will include related utilities such as gas, electrical, water, sewer and telecommunications. The new extension will allow enhanced access to campus and sorely needed relief from traffic congestion on Route 195. Also, the road and accompanying utilities will permit future development of this key parcel. The University's Master Plan envisions the North Campus as a critical area for expansion of the main campus, permitting new science buildings, residential capacity, public/private partnerships (including incubator space) and other initiatives. The Town of Mansfield is supportive of the road project. This year's authorization will provide for design and permitting activities.
    
    Residential Life Facilities
    This project will install fire sprinklers inside the West Campus complex's four buildings. Upon completion of the project, all residential life on-campus facilities will have full sprinkler capacity. The project is planned for summer 2004.
    
    

    The Pharmacy/Biology building is a 226,000 square foot facility designed to replace the two existing Pharmacy buildings and provide space for a vivarium as well as the Ecology an Evolutionary Biology and Physiology and Neurobiology programs.

    School of Pharmacy/Biology (New)
    This project is a new 226,000 square foot facility designed to replace the two existing Pharmacy buildings and to provide space for the Ecology and Evolutionary Biology and Physiology and Neurobiology programs. It also includes a Vivarium (animal care) facility to serve these research departments as part of our effort to address the USDA audit recommendations for research animal care. This year's authorization completes the construction funding for the project.
    
    Student Union Addition
    This project includes approximately 95,000 square feet of new construction and the renovation of the existing building. Major new spaces being created include: 500-seat multi-use theater, food court, Cultural Centers, lounge areas, meeting and multi-purpose rooms, and student organization quarters. This year's authorization is part of the construction funding. A separate Board authorization changed the project budget to $47 million, with $5 million from Student Affairs reserves and $5 million from a student fee.
    
    Torrey Renovation Completion & Biology Expansion
    This project provides a replacement facility for programs in the Torrey Life Science building. It includes new research and teaching labs, classrooms and offices for Biology. This year's authorization will provide additional design funding.
    
    Health Center
    
    LAC Renovation Bio-Safety Level 3 Facility
    The Center of Laboratory Animal Care facility (CLAC) is a 58,721 square foot building built in 1972. It includes offices and animal research labs. The facilities are the same as when originally constructed and in need of major renovations to bring them in line with current code and federal regulatory requirements for housing of research animals. Full compliance is critical to continued grant eligibility. The project includes upgrades of the HVAC system, lighting, power, replacement of lab casework, new flooring, and interior finishes. A Bio-safety level 3 facility within the CLAC building is planned to provide capability to conduct research involving bacterial agents that require maximum security and enable the Health Center to secure research grants in areas of significant federal funding growth. To provide space for this new program, 3000 square feet of existing CLAC space will be renovated. This project will require a stand-alone HVAC system, installation of a negative pressure enclosure, and modification s to the plumbing system. Also, this project will address all remaining security/access control issues including comprehensive perimeter and internal/external security systems upgrades including card access, and closed circuit monitors with digital recording capacity. These improvements are critical to the security of animal research, and, in fact, to the entire research enterprise as upgrades are needed to maintain AAALAC accreditation (the Association for Assessment and Accreditation of Laboratory Animal Care). This year's funding will allow for development of the project's program/design.
    
    Deferred Maintenance/Code/ADA/Renovation Lump Sum — Health Center
    The Health Center's large complex houses the Schools of Medicine and Dental Medicine, John Dempsey Hospital and related support services. Designed and built in the mid 1960's, it contains 2 million gross square feet in 35 buildings and is located on a 162-acre campus. The majority of identified plant needs result from insufficient budgets for deferred maintenance, required program and facility upgrades, and normal plant deterioration. Most buildings are more than 30 years old and require upgrades to extend their life and meet code requirements. In general, projects fall into one or more of the following types of work:
    • Roof and exterior repairs
    • Code required improvements
    • Building mechanical system improvements
    • Utilities repair and upgrades
    • Classroom renovations
    • Roads, walks and grounds
      
    Dental School Renovation
    The School of Dental Medicine has facilities in the C, L and A Buildings totaling 103,118 square feet. Most of these areas remain untouched since original construction in 1975 and are in need of major renovations to bring facilities in line with current code and accreditation standards. It is extremely important that we have up-to-date facilities and equipment to properly train students in the most modern dental techniques utilizing equipment appropriate for private practice, keeping in mind that the Health Center is the primary provider of new dentists for Connecticut. This project will provide general renovation to all dental teaching and support space and installation of new dental equipment to meet current and future needs. This year's authorization will fund initial design activities and cosmetic upgrades to the clinic reception areas.
    
    

    Equipment, Library Collections and Telecommunications-Health Center
    Funds are needed for equipment, library collections and telecommunic ations infrastructure. Outmoded items must be replaced to support research and instruction, maintain building compliance, conserve energy, and provide a safe environment. It is essential that equipment be current in laboratories and learning environments for the institution to maintain accreditation and to remain competitive for research dollars and top faculty and students. Equipment start-up packages are key in attracting talented new faculty. Library acquisitions are also integral to support academics and research. Library resources require continued updating to ensure rapid access to all forms of printed and electronic documents. For FY '05, the proposed allocation of $7.9 million includes $1.82 million for equipment, $1.355 million for library collections and $4.725 million for information technology upgrades.
    
    Main Building Renovation
    The huge main building includes access areas for the public as well as research, academic and clinical space. The renovation's primary focus will be the building's research facilities, but also will include major systems and public areas. The 518,145 square foot Research Laboratory built in the late 1960's to provide lab and support areas for ongoing research programs consists of seven floors that house over 200 research labs and support space and five floors that include classrooms, student and operations support, and mechanical spaces. Over the life of the building no substantial renovations or upgrades have been done. The building's curved design has resulted in inefficient, inflexible space and makes virtually all renovations costly. Renovations will offer flexible, efficient research lab space to support the trend towards higher utilization of electronic technology within labs and state-of-the-art space to support high-level research. The original lighting, heating, ventilating, and air conditioning systems are outdated and require total replacement. Electrical systems also require replacement to support increased electrical loads associated with medical research. New fume hoods and flexible lab benches are integral to the project, as well. This year's authorization will fund initial development of a phasing plan for renovation.
    
    Medical School Academic Building Renovation
    The 181,880 square foot Academic Building, built in the late 1960's to house the Schools of Medicine and Dental Medicine, includes classrooms, labs, lecture halls, a bookstore, and academic and administrative support areas. The Health Center has received bond funds to date sufficient to support only very limited renovations. Added funds are necessary to address building renovation needs appropriately. This project will provide for renovations to approximately 60,000 square feet of the Academic Building and support facilities and focus on lecture halls, classrooms and student support space. The lecture halls will be converted from theater seating to tables with computer stations to incorporate information technology into the teaching environment. This year's authorization will fund design and initial construction activities for the renovation of the teaching auditoria.
    
    Research Tower
    This project will provide a new state-of-the-art medical research facility approximately 200,000 square feet in size that will include 30 new research lab modules, lab support space and space for a Nuclear Medicine Research Program. The project also includes provisions for new lab equipment to ensure the facility is fully equipped to support the academic mission of the University. Demand for new and modern laboratory facilities is required to support the dramatic increases in research grant activity at the Health Center. This is demonstrated by the fact that all existing laboratory space in the 196,000 square foot Academic Research Building built in 1999 (the first of two phases as identified by the 1986 Master Plan Study) is now in use. Added research lab space is essential to continue to expand research activities and secure grant increases; grant awards have grown by 16.5% in FY 2000, 19% in FY 2001, 17% in FY 2002, and 19% in FY 2003. This year's authorization will fund design activities.
    
    Library/Student Computer Center Renovation
    
    This project addresses long-standing deficiencies in the 33,000 square foot 30-year old medical library that has had few upgrades and can no longer adequately meet needs of students, faculty and the public. It is poorly designed, has many areas that do not meet ADA requirements, has no restroom facilities, insufficient lighting, and does not provide the connectivity standards essential in an academic medical library. It is important to note that this library is the State's primary health resource for medical providers and the public. This project includes an Electronic Reference Center and Classroom that will provide computer workstations and network connections to accommodate Internet-based health information searching, instruction, and training. Rooms will be configured into 60 modular units so users can be separated into small working groups of five to ten, and a 24-hour study area will be provided for student and faculty use. This year's authorization will supplement the current State bond-funded library renovation project budget to create a 24-hour study room and other library improvements.
    
    

• At the September 23, 2003 University Board of Trustees meeting, the Board approved the project list for Phase III of the UCONN 2000 Program, also known as 21st Century UConn and a Supplemental Indenture to serve as the amendment to the General Obligation Master Indenture of the UCONN 2000 Program. The two approved resolutions were forwarded to the Office of Policy and Management (OPM) for submission to the State Bond Commission. The project list adopted by the Board is the same as the list in the law. Subsequently, the State Bond Commission at its December 19, 2003 meeting approved the Supplemental Indenture and list of projects. The list of projects and the State Debt Service Commitment is included in this report as Exhibit B.
  
  
• Architects have been selected for the Torrey Renovation completion and Biology Expansion project that includes research labs, classrooms, and office space for Ecology and Evolutionary Biology programs and Physiology and Neurobiology Departments. The new building will be constructed on the current site of the Torrey Life Sciences Building. Architects for this project are The Hillier Group of New York City.
  
  
• The Board of Trustees, at its March 23, 2004 meeting, approved the revised policy authorizing the Executive Director of Architectural and Engineering Services for Storrs, Law School and Regional Campuses and the Director, Campus Planning, Design and Construction for the Health Center after consultation with the Vice President for Operations, to enter into negotiation with a contractor under the following conditions:
  
  1. If the lowest responsible bidder's price exceeds the funds available for the project and it is anticipated that the negotiation will result in an award within funds available. After interviewing at least the three apparently lowest responsible qualified bidders, the Executive Director or Director may negotiate with the low bidder. If the negotiation is unsuccessful with the low bidder, the Executive Director or Director may negotiate in ascending order with the other contractors who submitted bids.
     
     
  2. If an emergency exists where University programs will be shut down or inaction will result in further damage to facilities or utilities systems, and time does not allow for preparation of complete documents for bidding purposes.
     
     
  The policy was revised to give the Health Center the same authority as previously existed for the Storrs-based programs.
  
  
• At its March 23, 2004 meeting, the Board approved revised policies for the selection and acquisition of professional services and contractors. With inclusion of the Health Center in the capital program, these policies were updated. The usual contracting process may take from six to nine months to pre-qualify contractors and complete the bidding process. Rarely, the University must be more aggressive in completing projects in order to take advantage of opportunities for added grant or other revenue, changes in the regulatory environment to prevent out-of-compliance conditions, or safety and welfare concerns. These instances demand that projects be handled in an expeditious manner. Therefore, there is a need to establish a category of projects that require speedy handling in order to accomplish immediate and long-term goals. This category, "Exigent" projects, enables University administration to negotiate with any qualified contractor currently under contract and working at the University for project work not specifically related to the ongoing contract. Use of exigent projects will be limited and must be pre-approved by the Vice President for Operations. These policies are shown in Exhibit C and Exhibit D.
  
  
• Design activities are underway on the Intramural, Recreational &Intercollegiate Facilities Project. This facility will house the football program including offices, training rooms, locker rooms and an indoor practice field. When not used by athletic teams the indoor field will be used by the recreational programs. Funding for this project includes $31,000,000 from Phase 3 of UCONN 2000 and $9,000,000 from private fundraising. Architects for the project are Jeter Cook Jepson of Hartford and HOK of St. Louis.
  
  
• Design is complete for sprinkler installation in the West Campus Dorms. Project completion in Summer 2004 will mean all on-campus residential life facilities have fire sprinklers.
  
  
• An architect has been selected for the Lakeside Renovation Project. When complete the building will be occupied by University Communications, Governmental Relations and University Events. The architect for the project is Alan Dehar of New Haven.
  
  
• Landscape architects have been selected for the Student Union Quadrangle project. This important outdoor space includes the area between the Student Union, Center for Undergraduate Education, Gentry and Benton Museum. The landscape architect for the project is Carol R. Johnson Associates of Boston.
  
  
• The Board of Trustees, at its March 23, 2004 meeting, approved increasing the project budget for the Student Union Addition from $45,000,000 to $47,000,000 with the increase funded by reducing funds for Deferred Maintenance and Renovation Lump Sum. As Phase I of the project was being completed, concerns were raised about the quality of space for some student groups. Concerns are being addressed by re-programming the facility. This will entail changes in planned space for student activities between Phase I &II of the project. The estimated cost of the associated work is $2 million.
  
  

• Design activities are complete for the Cogeneration/Central Chilled Water Facility that will produce electricity for the Storrs campus. Secondary waste heat will provide heating, hot water and/or cooling for the Storrs campus, as well. The bid process was undertaken as a prerequisite to determine the feasibility and advisability of moving to cogeneration. Independent analysis projected potential significant energy cost-savings, and data from the bid process informed a cost/benefit analysis that led the Board of Trustees to endorse proceeding with the project. A contract award was given to Select Energy. The project is financed through Caterpillar Financial Services Corporation using a capital lease structure with an interest rate of 4.3%. Savings generated by the facility will pay the debt and debt service. Construction has just started on the building and chilled water portion of the project. Upon receipt of the new source air permit, construction will begin on the gas turbine phase of the project.
  
  
• Construction is underway on the new School of Pharmacy/Biology Building that includes 120,000 square feet of space for teaching and research for the Pharmacy program and 80,000 square feet of research space for Biology. Also included is a consolidated 26,000 square foot animal care facility to support research programs in this area of campus. The architect for this construction project is Davis, Brody, Bond of New York City. Gilbane of Glastonbury is the construction manager for the project to be completed in July 2005.
  
  
• Construction of the Benton Museum addition was completed in January 2004. This $3.5 million project is funded through a combination of UCONN 2000 funds and private gifts. Arbonies King Vlock of Stony Creek was the architect for the project. Gilbane of Glastonbury was the construction manager for the project.
  
  

• 	A 20,000 square foot addition to the Neag School of Education's Gentry building is nearing completion. Left, the atruim connects the addition to the original building. Above: exterior improvements have been made to the façade and roof.

  Construction on renovations and an addition to the Neag School of Education's Gentry Building is underway. The project scope includes a complete renovation of the building's interior, exterior improvements of the façade and roof, and a 20,000 square foot addition to the building. The architect for the project is Svigals Associates of New Haven. Gilbane of Glastonbury is the construction manager on the project. It is anticipated that construction on the project will be complete in June 2004.
  
  
• Construction has been completed on renovations to the former School of Business as well as a 20,000 square foot addition. Upon completion in January 2004, this project transformed the facility into a new Center for Undergraduate Education which provides a centralized location for academic support services for students and teaching support services for faculty members and graduate students. It houses the First Year Experience program, Career Services, Institute for Teaching &Learning, Study Abroad, Urban Semester program, Center for Community Outreach, Instructional Research Center, Honors Program, and Learning Research Center. The architect for the project was Svigals Associates of New Haven. The construction manager for the project was Gilbane of Glastonbury.
  
  
• Construction is underway on the Student Union Building including major renovations and additions to the current facility to expand the range and quality of activities in the campus core for students. Included are a food court, 500-seat theatre, student activity meeting space, a ballroom, and a central post office for all student mail. The facility also will provide new space for each of the campus' cultural centers. This project will be phased over several years. The architect for the project is Cannon Associates of Boston. Konover Construction of West Hartford is the project's construction manager. The first phase of the project, which includes the theatre, is scheduled for completion in August 2004. The second phase of the construction will begin in May 2004 with completion scheduled for August 2005.

  	LEFT: Construction on the Student Union Building includes major renovations and additions to the current facility in order to expand the range and quality of activities in the campus core for students. BELOW: Renovations to the interior of the Student Union include a food court, a 500-seat theatre (right), student activity meeting space, a ballroom, and a central post office for all student mail.

  
  
  
• Installation of new exterior signage has been completed at the main campus, Health Center, Law School and regional campuses. The purpose is to incorporate signage that will provide a unified look and better directional information.
  
  
• Renovations and deferred maintenance projects in facilities on the Avery Point Campus have been completed or are in the construction or design phase.
  
  
• Renovations and installation of sprinklers for the Towers, Grad and East campus (Holcomb, Whitney &Sprague) dormitories were completed in time for the start of the Fall 2003 semester. The completed projects were funded by a combination of special obligation bonds to be repaid by the University and UCONN 2000 funds. The construction manager for these completed projects was Whiting Turner of New Haven.
  
  

• A view of the Academic Way, the new pedestrian path, from the Psychology Building and Babbidge Library looking toward South Campus.

  A new pedestrian path from Babbidge Library to South Campus has been completed. This project is an integral component of the Master Plan to make the central core of the campus pedestrian-frien dly and move traffic to the perimeter. O&G Industries of Torrington was the construction manager. The project was completed in April 2004.
  

• Public Act 99-241 called for, among other things, information regarding use of Connecticut-owned businesses on UCONN 2000 program projects, including those owned by women and minorities ("set-aside" contractors). Since Fiscal Year 1996, construction and related contracts for the UCONN 2000 program totaled $807.3 million. Twenty-four percent of this total, or $193.3 million, has gone to "set-aside" general contractors, contracted architects and engineers, and subcontractors. In this period, Connecticut businesses have accounted for $728.1 million or 91% of the total contracted dollars. Small business participation has amounted to $113 million and minority-and women-owned participation has accounted for $80.3 million.

• Debt Service Commitment Bond Issues Completed
  Section 10a-109 of the Connecticut General Statutes empowers the University to issue General Obligation Bonds secured by the State's Debt Service Commitment (sometimes referred to as "Debt Service Commitment Bonds" or "DSC Bonds"). These bonds are issued pursuant to the General Obligation Master Indenture of Trust, dated as of November 1, 1995, between the University of Connecticut, as Issuer, and Fleet National Bank of Connecticut as Trustee (now U.S. Bank N.A.). The University's Board of Trustees on November 10, 1995 and the State Bond Commission approved the Master Indenture of Trust on December 21, 1995. UConn's Board of Trustees and the Governor approve the subsequent Supplemental Indentures for each bond issue. The University and Office of the State Treasurer, working in conjunction, manage the Debt Service Commitment Bond sale process. University General Obligation Debt Service Commitment Bonds issues to date are summarized below:
  
  

  Date of Issue	Par Amount	TIC (1)	General Obligation Bond Issue
  Phase I
  February 21, 1996	$ 83,929,714.85	4.94%	1996 Series A
  April 24, 1997	124,392,431.65	5.48%	1997 Series A
  June 24, 1998	99,520,000.00	4.78%	1998 Series A
  April 8, 1999	79,735,000.00	4.46%	1999 Series A
  Phase II
  March 29, 2000	$130,850,000.00	5.42%	2000 Series A
  April 11, 2001	100,000,000.00	4.54%	2001 Series A
  April 18, 2002	100,000,000.00	4.74%	2002 Series A (2)
  March 26, 2003	96,210,000.00	3.97%	2003 Series A (3)
  January 22, 2004	97,845,000.00	3.76%	2004 Series A (4)
  (1) TIC is the true interest cost reflecting the interest rate for the time value of money across an entire bond issue. (2) The DSC 2002A bonds provided $994,688.03 directly to the Office of the State Treasurer. (3) The DSC 2003 bonds face amount of $96,210,000 together with an additional $3,790,000.00 of original issue premium, totaled $100,000,000 available for projects. (4) The DSC 2004A New Money and DSC 2004A Refunding Bonds were issued under a single Official Statement.

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  The nine series of UCONN General Obligation DSC bonds issued to fund projects total $912,482,146.50 in face value and provided $912,000,000 for UCONN 2000 project spending. (This excludes the $216,950,000.00 UCONN General Obligation DSC Refunding Bonds Series 2004A issued to refund $223,160,000 of prior bonds.) The remaining balance, together with accrued interest and net original is
  
  On January 22, 2003 the University issued $97,845,000 face amount of the University of Connecticut Debt Service Commitment Bonds 2004 Series A, at a very favorable true interest cost of 3.76%, the lowest in the history of the program, with a 10.5 Years Average Life and with very favorable call redemption terms of 2014 @ Par. Selected maturities on and after January 15, 2013 carried MBIA bond insurance.
  
  UConn 2000 General Obligation Debt Service Commitment Projects
  To date, fifty projects totaling $912 million have been authorized to receive General Obligation Debt Service Commitment bond proceed funding, as follows:
  
  UCONN2000 GENERAL OBLIGATION BONDS SECURED
  BY THE DEBT SERVICE COMMITMENT OF THE STATE

  Project-Name General Obligation Supplemental Indenture Authorizations
  Agricultural Biotechnology Facility Completion	$3,000,000
  Agricultural Biotechnology Facility	9,400,000
  Alumni Quadrant Renovations	11,500,000
  Avery Point Marine Science Research Center-Phase I	30,000,000
  Avery Point Marine Science Research Center-Phase II	7,341,000
  Avery Point Renovation	3,000,000
  Benton State Art Museum Addition	700,000
  Business School Renovation-Phase II	8,000,000
  Central Warehouse New	7,500,000
  Chemistry Building	53,062,000
  Deferred Maintenance & Renovation Lump Sum-Phase	40,792,000
  Deferred Maintenance & Renovation Lump Sum Balance-Phase II	105,400,000
  East Campus North Renovations	7,710,000
  Equipment, Library Collections & Telecommunications-Phase I	60,500,000
  Equipment, Library Collections & Telecommunications Completion-Phase II	101,123,000
  Gant Plaza Deck	6,516,000
  Gentry Renovation-Option B	10,000,000
  Grad Dorm Renovations	3,000,000
  Heating Plant Upgrade	9,969,000
  Hilltop Dormitory Renovations	8,700,000
  Ice Rink Enclosure	3,280,000
  International House Conversion (Museum of Natural History)	800,000
  Litchfield Agricultural Center-Phase I	1,000,000
  Mansfield Apartments Renovation	2,071,000
  Mansfield Training School Improvements	3,500,000
  Monteith Renovation	733,000
  Music Drama Addition	7,400,000
  North Campus Renovation	11,866,000
  North Superblock Site & Utilities	7,668,000
  Northwest Quadrant Renovation-Phase I	2,001,000
  Northwest Quadrant Renovation-Phase II	30,000,000
  Parking Garage-North	9,658,000
  Pedestrian Walkways (Fairfield Road Pedestrian Mall)	6,074,000
  School of Business	25,059,000
  School of Pharmacy	65,856,000
  Shippee/Buckley Renovations	7,000,000
  South Campus Complex	12,251,000
  Stamford Downtown Relocation-Phase I	55,785,000
  Student Union Addition-Option B	32,500,000
  Technology Quadrant-Phase IA	39,993,000
  Technology Quadrant-Phase II	34,120,000
  Torrey Life Science Renovation	2,181,000
  Towers Renovation	20,000,000
  Underground Steam & Water Upgrade-Phase I	6,000,000
  Underground Steam & Water Upgrade Completion-Phase II	6,000,000
  Waring Building Conversion	11,452,000
  Waterbury Property Purchase	200,000
  West Campus Renovations	500,000
  White Building Renovation	2,430,000
  Wilbur Cross Building Renovation	17,409,000
  Totals	$912,000,000

  
  On July 1, 2004, $100,000,000 of authorizations representing the last $50,000,000 of Phase II and the initial $50,000,000 of Phase III will be effective. The former will complete the $962,000,000 of Phase I and Phase II authorizations under the original UCONN2000 Act.
  
  
• University Refunding Provides Debt Service Savings to State
  The University recently secured $15.2 million in debt service savings. On January 29, 2004 the University closed on the $216,950,000. 00 par amount of UCONN GO DSC 2004-A REFUNDING portion of the combined bonds. Institutions garnered most of the bonds. Proceeds pre-refunded $223,160,000 of the portions of the 1996, 1997, 1998, 2000, 2001, and 2002 UCONN2000 General Obligation Debt Service Commitment Bonds. Debt Service savings amounted to $15,215,582. 84 million on a gross cash debt service savings basis, or $10,117,718.7 7 on a net present value basis (4.53% savings of refunded bonds), spread across Fiscal Years 2004 to 2020. These are real dollar savings for Connecticut taxpayers.
  
  
• University's Financial Statements
  The University's financial statements reflect the UCONN 2000 program. The General Obligation and Special Obligation bonds and other debt are shown as liabilities on the University's financial statements. The financed UCONN 2000 projects and any unspent debt proceeds are shown as assets. The State's Debt Service Commitment to pay for the University's General Obligation Bonds is also shown as an asset on the University's financial statements.
  
  
• Trustee Bank
  The proceeds of the sale by the University of any bonds are part of the Trust Estate established under the General Obligation Master Indenture of Trust with the Trustee Bank as security for bondholders. Consequently the Trustee Bank holds all of the bond proceeds, with this exception: the State Treasurer's Office may hold and invest the University's General Obligation Bonds Debt Service Commitment funded Costs of Issuance account. The Special Obligation Master Indenture has similar Trust Estate provisions and the Trustee Bank holds all the Special Obligation bond proceeds received at issuance including the costs of issuance account.
  
  Prior to June 1998, all University General Obligation Debt Service Commitment Bond proceeds were deposited with the Office of the State Treasurer and treated like State bond proceeds, including payments made to vendors through the Office of the State Comptroller. Subsequently, the Office of the Attorney General opined that the University, and not the State, issues UCONN 2000 bonds. Accordingly, upon advice of bond counsel and in conformity with the Master Indenture of Trust, Debt Service Commitment Bond construction fund proceeds were deposited to the Trustee Bank and disbursed as directed by the University pursuant to the Indenture. Per the State's preference, the University General Obligation Debt Service Commitment Bond proceeds for costs of issuance are still treated like State bond proceeds and deposited with the Office of the State Treasurer, and disbursed through the Office of the State Comptroller.
  
  The Indentures of Trust provide that the University is authorized and directed to order each disbursement from the Construction Account held by the Trustee upon a certification filed with the Trustee bank, and in the case of the Debt Service Commitment bonds, also the State Treasurer. The Indentures provide that such certification shall be signed by an Authorized Officer of the University and include certain disbursement information. Once the Authorized Officer certification filings are made, the University can directly disburse payments.
  
  
• University Special Obligation Revenue Bonds Secured by Pledged Revenues
  UCONN 2000 also authorizes the University to issue Special Obligation Revenue bonds. Unlike the University's General Obligation Debt Service Commitment Bonds that are paid from the State's General Fund, debt on the Special Obligation Bonds is paid from certain Pledged Revenues of the University as defined in the particular bond series indenture.
  
  A Special Capital Reserve Fund may be established for University Special Obligation bond issues only if the Board of Trustees determines that the Special Obligation bond issue is self-sufficient as defined in the Act. The self-sufficiency finding by the University must be submitted to and confirmed as not unreasonable or arbitrary by the State Treasurer prior to issuance of the bonds. Once approved, the Special Capital Reserve Fund is funded at issuance by the University to meet the minimum capital reserve requirement. However, subject to notification by the University on or before December 1, annually, if this amount falls below the required minimum capital reserve, there is deemed to be appropriated from the state General Fund sums necessary to restore each such Special Capital Reserve Fund to the required minimum capital reserve.
  
  
• Special Obligation Student Fee Revenue Bond Issues
  Student Fee Revenue Bonds have been issued pursuant to the Special Obligation Indenture of Trust, dated as of January 1, 1997, between the University as Issuer and U.S. Bank N.A. as successor to State Street Bank &Trust as Trustee ("the Special Obligation Master Indenture"). The Board of Trustees approved the Master Indenture on November 8, 1996.
  
  UConn's Board of Trustees and the Governor approve the subsequent Supplemental Indentures for each Special Obligation bond issue. The University and Office of the State Treasurer, working in conjunction, manage the Special Obligation Bond sale process. University Special Obligation Student Fee Revenue Bonds issues to date are summarized below:
  
  

  Date of Issue	Par Amount	TIC (1)	Special Obligation Student Fee Revenue Bond Issue
  February 4, 1998	$ 33,560,000.00	5.08%		1998 Series A
  June 1, 2000	$ 89,570,000.00	6.02%		2000 Series A (2)
  February 14, 2002	$ 75.430,000.00	4.94%		New Money 2002 Series A
  February 27, 2002	$ 96,130,000.00	4.89%		Refunding 2002 Series A
  (1) TIC is the true interest cost reflecting the interest rate for the time value of money across an entire bond issue. The University Special Obligation Bonds are generally issued for an approximate 30-year final maturity, compared to a 20-year final maturity for the General Obligation DSC Bonds, hence the TIC may appear relatively higher for Special Obligation Bonds. (2) The Series 2000-A bonds were refunded on Feb. 27, 2002.

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  On February 4, 1998, the University issued $33,560,000 of University of Connecticut Student Fee Revenue Bonds 1998 Series A ("SFR 1998-A Bonds") with a final maturity of November 15, 2027. The Special Obligation First Supplemental Indenture was also dated January 1, 1997 and authorized the issuance of bonds up to a principal amount not to exceed $30,000,000 for construction of the South Campus Residence and Dining Hall, plus amounts necessary to fund a Special Capital Reserve Fund ("SCRF") and provide for costs of issuance. The University managed the issuance and sale of these bonds and realized a favorable true interest cost over the term. Debt service for these bonds is paid from the student Infrastructure Maintenance Fee instituted in 1997 and other pledged revenues as further defined in the Indenture of Trust. Such pledged Revenues also help support future operation and maintenance costs for facilities built or expanded through UCONN 2000.
  
  On June 1, 2000, the University issued $89,570,000 of the University of Connecticut Student Fee Revenue Bonds 2000 Series A ("SFR 2000-A") pursuant to the Special Obligation Master Indenture, and the Special Obligation Student Fee Revenue Bonds Second Supplemental Indenture dated as of May 1, 2000. Bond proceeds funded $87,000,000 of construction for the Hilltop Dormitory, Hilltop Student Rental Apartments, and Parking Garage South and also provided for capitalized interest and costs of issuance. The $89,570,000 SFR 2000 Bonds were defeased in substance on February 27, 2002, as further described below, and are no longer reflected as outstanding debt on the University's financial statements.
  
  On February 14, 2002, the University issued $75,430,000 of the University of Connecticut Student Fee Revenue Bonds 2002 Series A pursuant to the Special Obligation Master Indenture and the Special Obligation Student Fee Revenue Bonds Fourth Supplemental Indenture, dated as of November 16, 2001. Bond proceeds funded $72,180,000 of construction for the Alumni Quadrant Renovations, Shippee/Buckley Renovations, East Campus North Renovations, Towers Renovations (including Greek Housing), and North Campus Renovations (including North Campus Student Suites and Apartments).
  
  On February 27, 2002, the University issued $96,130,000 of University of Connecticut Student Fee Revenue Bonds 2002 Refunding Series A pursuant to the Special Obligation Master Indenture and Special Obligation Student Fee Revenue Bonds Third Supplemental Indenture, dated as of February 1, 2002. Bond proceeds were used to take advantage of favorable market conditions to advance refund and defease in substance all $89,570,000 of Student Fee Revenue Bonds 2000 Series A bonds outstanding. Proceeds were deposited with the Trustee bank in an irrevocable escrow fund sufficient to satisfy future debt service and call premiums on the prior issue.
  
  
• UCONN2000 Special Obligation Student Fee Revenue Projects
  To date, nine projects have been authorized to receive the University's Special Obligation Student Fee Revenue bond proceed funding. Some of these projects were also supported by General Obligation or other funding, as follows:
  
  UCONN2000 SPECIAL OBLIGATION STUDENT FEE
  REVENUE BOND PROCEEDS FUNDED PROJECTS

  Projects Special Obligation Authorized and Issued
  Alumni Quadrant Renovations	$ 7,000,000
  East Campus North Renovations	1,000,000
  Hilltop Dormitory New	21,000,000
  Hilltop Student Rental Apartments	42,000,000
  North Campus Renovation (including North Campus Student Suites and Apartments)	45,000,000
  Parking Garage-South	24,000,000
  Shippee/Buckley Renovations	5,000,000
  South Campus Complex	30,000,000
  Towers Renovations (including Greek Housing)	14,180,000
  Totals	$189,180,000

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  Credit Ratings
  Since the inception of UCONN 2000, the University's bond issues have experienced a favorable credit rating history, including several credit rating upgrades. For example, as of April 15, 2004 Moody's assigned an "Aa3" rating to both the University's General Obligation Bonds secured by the State's Debt Service Commitment and the University's Special Obligation Student Fee Revenue Bonds. It is a strong vote of confidence in the University that both these ratings are ranked the same as the State's General Obligation Bond "Aa3" credit rating.
  
  The capital markets have recognized the tangible benefits to the State's economy of meeting the infrastructure and educational goals of the program, as well as the University's success in implementing them. A high quality credit rating not only provides the State and the University with less expensive access to the capital markets but also supports the State's quality reputation among investors. A University milestone occurred in 2002 with the achievement of the high-grade "double A" credit-rating category from Moody's Investors Service for both its General Obligation and Special Obligation bonds.
  
  As of October 1, 2003, the UCONN 2000 General Obligation Debt Service Commitment bonds were rated "AA" by Standard &Poor's; "Aa3" by Moody's Investors Service; and "AA-" by Fitch Investors Service. Also, the University's Special Obligation Bonds not secured by SCRF were rated "AA-" by Standard &Poor's and "Aa3" Moody's Investors Service. Fitch Investors Service does not rate the Special Obligation bonds not secured by SCRF. The Special Obligation Bonds Series 1998-A carry a Special Capital Reserve Fund and are rated "AA" by Standard &Poor's "Aa3" by Moody's, and "AA-" by Fitch. In addition to the underlying credit ratings, "AAA" rated municipal bond insurance secures certain maturities of several of the above bond issues.2
  
  February 1996: the first issue of the University's General Obligation Bonds secured by the State's Debt Service Commitment carried underlying ratings of "A1" by Moody's Investors Service, "AA-" by Standard & Poor's and "AA-" by Fitch.
  
  February 1998: the first issue of UCONN 2000 Special Obligation bonds depended upon the State's SCRF credit rating. An underlying "stand alone" credit rating was not available for this nascent program. At the time of issuance, the State SCRF enhancement allowed the bonds to obtain an "AA-" rating from Standard & Poor's, "AA-" from Fitch Investors Service, and "A-1" from Moody's Investors Service. The bonds were subsequently covered by municipal bond insurance and upgraded to an "AAA" at Fitch and Standard & Poor's and "Aaa" at Moody's Investors Service.
  
  October 1998: Standard & Poor's upgraded the UCONN 2000 General Obligation DSC Bonds and the UCONN SFR 1998-A (SCRF) bonds to "AA" from "AA-".
  
  March 2000: Moody's upgraded UCONN 2000 General Obligation DSC Bonds to "Aa3" from "A1".
  
  June 2000: the University achieved a milestone with its first underlying Special Obligation Bond "stand alone" credit rating of "AA-" (S&P), and an "A1" (Moody's).
  
  February 2001: Moody's upgraded UCONN 2000 General Obligation DSC Bonds to "Aa2" from "Aa3". In April 2001, the General Obligation DSC 2001 Series A bonds were sold without any bond insurance security enhancement on any maturity, another successful first-time accomplishment for the UCONN 2000 bond program. Moody's upgraded UConn's SFR 1998-A Bonds, which are secured by the State SCRF, at this time to "Aa3" from "A1".
  
  January 2002: UConn's 2000 Special Obligation Bonds (Non-SCRF) were upgraded to "Aa3" from "A1" by Moody's. This graduated UConn's Special Obligation bonds to Moody's "high-grade" bond category and impacted the underlying credit on all outstanding Special Obligation Student Fee Revenue Bonds. (The $33.6 million Special Obligation Student Fee Revenue Bonds Series 1998-A bonds which are secured by the State's SCRF already carried the "Aa3" rating.) This high rating was assigned a stable outlook and represented a positive judgment by the capital markets regarding UConn's financial strength, real and potential growth as an institution, and management.
  
  August 2002: Reflecting the outlook changes for the State's General Obligation Bonds, Moody's and Standard and Poor's both moved their outlook from "stable" to "negative" for UConn's General Obligation DSC Bonds while retaining their respective credit rating levels at "Aa2" and "AA". Fitch took no action. In a sign of confidence for the University's management and growth potential, Moody's and Standard & Poor's kept UConn's Special Obligation Bond ratings levels and stable outlook unchanged.
  
  March 2003: During tougher economic times the rating agencies confirmed the University's General Obligation DSC bond ratings as follows: Fitch "AA-"; S&P "AA"; and Moody's "Aa2". Moody's also confirmed UConn's Special Obligation and Foundation bond ratings at "Aa3". Holding the credit ratings was a good sign, in light of Moody's February 2003 move of the State General Obligation bonds, and consequently the University's DSC and SCRF security bonds, to Watch list for possible downgrade.
  
  July 2003: On July 2, 2003, citing State budget problems, Moody's downgraded the University's General Obligation DSC bond ratings to "Aa3" from "Aa2" consistent with its action on the State General Obligation bond rating. The good news was that Moody's also confirmed UConn's Special Obligation ("non-SCRF) bond ratings at "Aa3". Moody's also briefly downgraded the University's 1998 Special Obligation Bonds secured by the State's SCRF to "A-1" following a general downgrade of any bonds backed by the State's SCRF, but then upgraded the University's 1998 Special Obligation Bonds back to "Aa-3" on July 14, 2003.
  
  January 2004:The University successfully maintained credit ratings for UCONN 2000 General Obligation Debt Service Commitment bonds at a time of State budget deficits and negative press reports. The unenhanced ratings for the UCONN 2000 GO DSC 2004 new money and refunding bond issues were as follows: Moody's Investors Service "Aa3", Standard &Poor's "AA" and Fitch IBCA "AA-". Several maturities also carried "AAA" rated MBIA bond insurance.
  
  
• Debt Service
  The State General Fund pays the debt service on the University's General Obligation Debt Service Commitment Bonds. The University pays the debt service on the Special Obligation Student Fee Revenue Bonds from its own resources. For all UCONN 2000 General Obligation Debt Service Commitment securities issued since the program's inception in 1996 to April 30, 2004 (including the DSC2004 Refunding Bonds but net of refunded debt) debt service totals $906.3 million of principal and $432.9 million of interest (including capital appreciation bonds).
  
  As of April 30, 2004 remaining debt service totals $1,013.9 representing $722.9 of principal and $291.0 million of interest (including capital appreciation bonds).
  
  For the Fiscal Year Ending June 30, 2004 the Debt Service Commitment paid for the University's General Obligation Bonds amounted to $67.5 million (representing $42.9 million of principal and $24.6 million of interest).
  
  UCONN 2000 Special Obligation Student Fee Revenue securities debt service amounts to $205.1 million of principal and $187.5 million of interest over the course of the maturity spectrum, net of pre-refunded and defeased bonds. As of April 30, 2004 there will be $195.2 million of principal and $156.5 million of interest remaining (including capital appreciation bonds). All other things equal, the Special Obligation bonds incur proportional ly more interest expense because they are generally issued for terms of up to thirty years compared to twenty years for the Debt Service Commitment bonds. For the Fiscal Year Ending June 30, 2003 the University paid from its own resources Special Obligation Bond debt service of $13.2 million (representing $3.7 million of principal and $9.5 million of interest).
  
  
• UCONN 2000 Bond Proceed Investments
  The investment of Tax-exempt bond proceeds is heavily regulated by the Internal Revenue Service, the relevant Indentures of Trust with bondholders, Connecticut law, and other regulatory mechanisms. In addition to meeting those requirements, the University's general investment policy is to balance an appropriate risk-return level, heavily weighted towards safety of assets, with estimated cash flow needs and liquidity requirements. The University is mindful that rating agencies, bond buyers, and bond insurers often weigh quality of an issuer's investment portfolio.
  
  Bond Proceeds form part of the Trust Estate established with the Trustee Bank as security for bondholders. The University has directed the Trustee Bank to invest Debt Service Commitment construction fund proceeds in the State Treasurer's Short Term Investment Fund (STIF) that is "AAA" rated and offers daily liquidity and historically attractive risk-adjusted yields. The State Treasurer's Office wishes to hold and invest the University's General Obligation Bonds Debt Service Commitment funded Costs of Issuance account, a much smaller account.
  
  Similarly, the University has directed the Trustee Bank to invest all the Special Obligation new money bond proceeds in dedicated STIF accounts, except for the 1998 Special Obligation Special Capital Reserve Fund which is invested in longer term "AAA" rated federal agencies' fixed income Investment Obligations as defined in the Special Obligation Indenture of Trust.
  
  The Special Obligation Student Fee Revenue Refunding Series 2002-A proceeds, other than the costs of issuance and debt service accounts that are invested in STIF, are held by the Trustee Bank in an irrevocable escrow fund, which is invested in U.S. Treasury State and Local Government Securities ("SLGS") and cash pursuant to the Escrow Agreement.
  
  
• UCONN 2000 Bond Proceed Investment Earnings
  The Debt Service Commitment bond proceeds investment earnings are retained by the State Treasurer's Office and do not flow to the University or to the Trustee Bank.
  
  Fiscal Year End June 30, 2003 UCONN 2000 Special Obligation Student Fee Revenue Bonds investment earnings amounted to approximately $0.9 million (cash basis). The Student Fee Revenue Bonds investment earnings are part of the Pledged Revenues and are directly retained by the Trustee Bank to pay debt service on the bonds, and may also be used to flow to other Trustee bond accounts, if necessary, pursuant to the Indenture of Trust.
  
  The investment earnings on the Special Obligation Student Fee Revenue Series 2002-A Refunding Escrow Account flow to the irrevocable escrow and are used by the Trustee Bank to meet debt service payments on the defeased bonds.
  
  Similarly, investment earnings on the General Obligation Debt Service Commitment Series 2004-A Refunding Escrow Account flow to an irrevocable escrow and are used by the Trustee Bank to meet debt service payments on the defeased bonds.
  
  
• Future UCONN 2000 Debt Issuance
  The University anticipates offering a Debt Service Commitment Bond issue during Fiscal Year 2005 to fund an expected $100 million of UCONN 2000 Projects. The passage of 21st Century UConn allows for $1.3 billion of additional securities backed by the State's Debt Service Commitment, phasing in during Fiscal Year 2005.
  
  Additionally, the University could issue Special Obligation Revenue bonds for certain projects that have a financial self-sufficien cy capacity, and/or if aggregate pledged revenues are sufficient to meet requirements of the Special Obligation Indenture. Market conditions and other factors might also lead to issuance of either General Obligation or Special Obligation refunding bonds in the future. Finally, the University may enter into other types of tax-exempt debt.
  

1. The names and addresses of contractors and subcontractors performing repair, addition, alteration and new construction on the university's campuses in the previous six months.
   
   Attachment A (Download or open as an Excel spreadsheet) provides the list in alphabetical order. This is the third report, which is being filed in conjunction with the April 2004 Report Number Seventeen to provide a consolidated report for UCONN 2000 activities. There is no sub grouping of contractors or subcontractors, as the nature of their business makes each interchangeable with the other as business opportunities become available.
   
   
2. The extent to which the listed contractors and subcontractors have been in compliance with the provisions of part III of Chapter 557 and provisions of Chapter 558 [of the Connecticut General Statutes having to do with the payment of prevailing wage rates].
   
   This information is in Attachment B (Download or open as an Excel spreadsheet) which is based on information from the State of Connecticut Department of Labor, Wage and Workplace Standards Division, Contract Compliance Unit and represents a combined sharing of information by the University of Connecticut and the Department of Labor.
   
   
3. Any actions taken by the University to cooperate with the Labor Department in the enforcement of said provisions [in item (2)].
   
   Attachment C lists support initiatives by the University.
   
   Attachment D is the Debarment list issued by the Department of Labor