Massachusetts Maritime Academy Awards Facilities Contract to Massachusetts State College Building Authority (mscba) (December 2021)

The Board of Trustees authorized the President to enter into an amended agreement with the Massachusetts State College Building Authority to upgrade dormitory companies 1–6. The dormitory project will be financed under a structure capping the total cost at $30 million, with MSCBA reserves, debt service, and Academy reserve contributions defined.

Document date · December 15, 2021

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Scope & details

The full contract record, as filed.

Contract amount

total project cost not to exceed Thirty Million Dollars; MSCBA central reserves not to exceed Nine Million Dollars; total debt service not to exceed Twenty-One Million Dollars; Academy Reserve Funds not to exceed Three Million Dollars

Contract type

FACILITIES

Contract term

Dormitory complex upgrade financing term tied to MSCBA debt service; specific dates and duration not stated

Renewal

Amended authorization increases potential borrowed amount on the dorm/Fantail project within an unchanged $30M total project cost; no formal renewal or extension schedule provided.

Document type

Minutes

Source document

Massachusetts Maritime Academy Board of Trustees Meeting Minutes Dec 2021

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Massachusetts Maritime Academy Board of Trustees Meeting Minutes December 2021

APPROVED

Massachusetts Maritime Academy, Massachusettstotal project cost not to exceed Thirty Million Dollars; total contribution from MSCBA central reserves not to exceed Nine Million Dollars; total debt service not to exceed Twenty-One Million Dollars; Academy Reserve Funds not to exceed Three Million DollarsDec 15, 2021

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Massachusetts Maritime Academy?

Massachusetts State College Building Authority (mscba) was awarded this facilities contract by Massachusetts Maritime Academy, as recorded on December 15, 2021.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Massachusetts Maritime Academy Board of Trustees Meeting Minutes Dec 2021 (Minutes), dated December 15, 2021 from Massachusetts Maritime Academy. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Massachusetts State College Building Authority (mscba) hold?

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