The University Of Texas Permian Basin Awards Facilities Contract to 2033 Higher Education Development Foundation (June 2022)

The Board’s authorization allows U. T. Austin to buy the David Chapel-area property from The 2033 Higher Education Development Foundation or assigns at fair market value. The acquisition supports future mission uses and is backed by Revenue Financing System parity debt repaid from designated tuition.

Document date · June 28, 2022

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Scope & details

The full contract record, as filed.

Contract amount

Not to exceed fair market value as determined by independent appraisal

Contract type

FACILITIES

Contract term

One-time purchase of approximately 2.547 acres of land and improvements near campus

Renewal

Single real estate acquisition with no renewal; covered by the same parity debt framework as the David Chapel Missionary Baptist Church transaction.

Document type

Agenda

Source document

ut_system_board_of_regents_special_called_meeting.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by The University Of Texas Permian Basin?

2033 Higher Education Development Foundation was awarded this facilities contract by The University Of Texas Permian Basin, as recorded on June 28, 2022.

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 ut_system_board_of_regents_special_called_meeting.pdf (Agenda), dated June 28, 2022 from The University Of Texas Permian Basin. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does 2033 Higher Education Development Foundation hold?

2033 Higher Education Development Foundation 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 2033 Higher Education Development Foundation's profile

What is The University Of Texas Permian Basin currently buying?

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