The University Of Tennessee System Office Awards Facilities Contract to Roane County Nspc Llc (May 2026)

Scope & details

The full contract record, as filed.

Contract amount

Project Loan $40,097,682; estimated annual lease payment ~$3.3 million; Operating Rent projected at $15.25/sf for 20,947 sq. ft.; UT responsible for 50% of FF&E costs (estimated total $1,538,205)

Contract type

FACILITIES

Contract term

Initial 20-year lease term beginning on the earlier of issuance of certificate of occupancy/substantial completion or 13 months after loan closing, with 15 additional 5-year extensions and one 4-year extension possible (up to 99 years)

Renewal

Initial 20‑year term aligned with project loan amortization, with University options for 15 additional 5‑year periods and one 4‑year period, allowing up to 99 years; no base rent due after year 20, though Operating Rent continues. UT has no early termination right during the Initial Term.

Document type

Agenda

Source document

University of Tennessee Executive Committee Agenda May 2026

Related contracts

Other contracts from Roane County Nspc Llc.

View all →

University of Tennessee Board of Trustees Executive Committee Agenda Packet 2026-05-04

APPROVED

Housing Authority of Middlesborough, KentuckyApproximately $3.3 million per year in base rent over 20 years (equal to debt service on a $40,097,682 project loan) plus operating rent initially projected at $15.25/sf for 20,947 sq. ft., excluding utilities; UT also pays pro rata taxes and capital fund contributionsMay 4, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by The University Of Tennessee System Office?

Roane County Nspc Llc was awarded this facilities contract by The University Of Tennessee System Office, as recorded on May 2, 2026. The contract value is Project Loan $40,097,682; estimated annual lease payment ~$3.3 million; Operating Rent projected at $15.25/sf for 20,947 sq. ft.; UT responsible for 50% of FF&E costs (estimated total $1,538,205).

How much is the Roane County Nspc Llc contract with The University Of Tennessee System Office worth?

The Roane County Nspc Llc contract with The University Of Tennessee System Office is valued at Project Loan $40,097,682; estimated annual lease payment ~$3.3 million; Operating Rent projected at $15.25/sf for 20,947 sq. ft.; UT responsible for 50% of FF&E costs (estimated total $1,538,205), covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agenda record.

Where was this contract approved?

This contract appears in University of Tennessee Executive Committee Agenda May 2026 (Agenda), dated May 2, 2026 from The University Of Tennessee System Office. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Roane County Nspc Llc hold?

Roane County Nspc Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Roane County Nspc Llc's profile

What is The University Of Tennessee System Office currently buying?

Explore The University Of Tennessee System Office's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View The University Of Tennessee System Office's profile