DIXIE STATE College of Utah

1. DIXIE STATE College of Utah • Public/Private Student Housing Project

2. 40 Years: 700% Enrollment Increase, No new housing • Dixie State College has a critical need for new housing stock on the campus. • The existing student housing was built in 1962 and 1968 in traditional dormitory style sans kitchens and living rooms. • Dixie’s enrollment in 1968 was 1,074. • With a student body of nearly 9,000 and continued strong growth anticipated, the current 250 beds on campus are woefully inadequate. • Historically Dixie State has had a mix of about 2/3 Washington County students and 1/3 from outside the county.

3. Private Housing is Limited by Available Space • During the 70’s, 80’s, and 90’s the College encouraged private developers to build new apartment style housing near the campus. • A total of 1,500 beds have been built in off campus locations; some as far as two miles from campus. • Private housing developers haven’t been building around the campus in recent years because of the lack of available land.

4. 2005 Student Housing Architectural Program • In 2005 Dixie State was authorized by the Building Board to complete an architectural program for new housing. • The resulting plan called for a phased 500 bed facility at a total cost estimated at $23,629,280. • Dixie State lacked the bonding capacity to accomplish a phase one of this programmed housing and the plan for new on campus student housing was shelved.

5. Dixie Seeks a New Approach to Student Housing • Rapid enrollment growth during the past three years has prompted the College to look at the housing options through a new set of lenses. • A Student Housing Feasibility and Market Analysis was conducted by Brailsford & Dunleavy in 2009. • Their total cost estimates using traditional bonding were between $59,000 and $68,000 per bed. • These estimates again led Dixie State to the conclusion that the conventional bonding approach was out of reach for the institution.

6. Dixie Studied Public/Private Student Housing Options • Dixie State studied the state and national private student housing options. • Developers came to campus to present options for a public/private. partnership

7. Best Solution to Address the Student Housing Shortage • The public/private partnership will not require state funding or student bonding. • The planned 314 bed three story facility includesthe latest in student housing design: • Layered security from the exterior entrance to the bedrooms • Study rooms • Building wide Wi-Fi • Recreation amenities • Kitchens, living rooms, and options for private bedrooms

8. Financial Summary

9. Public/Private Partnership Concept • Dixie State will lease land for the student housing development, adjacent to the current student housing. • The Student Housing development will revert to the College at the end of the lease. • Compliance with Policy • Regents 712 (Nontraditional Arrangements for Development of Facilities and Campuses) • Utah State Code • 53B-20-103 (Powers of state board -- Capital facilities projects -- Exceptions) • 53B-21-108 (Financing project by contract or lease agreement instead of by bond issue -- Authority of board -- Term of lease -- Terms of agreement -- Board covenants)

10. Lease Development Model Dixie State College • Dixie State issues RFP for Lessee/Owner to finance and develop student housing. • Lessee/Owner contracts with developer/contractor to design, build, and operate student housing. • St. George City and Washington County offer lease guarantee. Financial Group Operator City of St. George & Washington County Developer

11. The Best Student Housing Option For Dixie State • The most effective and efficient way to meet Dixie’s critical housing shortage. • Funded with outside capital - no state bonding required. • No student fees required. • Dixie State College will be gifted the housing property after the 30 year lease. Thank You!