Kutak Rock served as bond counsel in connection with the issuance of the Board of Trustees for Colorado Mesa University Institutional Enterprise Revenue and Revenue Refunding Bonds, Series 2025A, in the aggregate principal amount of $87,110,000. Proceeds of the Series 2025A Bonds financed (i) the Centennial Village Student Housing Project; (ii) a dining facility/market hall; (iii) plaza infrastructure; (iv) the refunding of certain prior obligations; and (v) payment of the costs of issuance of the Series 2025A Bonds.

The Centennial Village Student Housing Project consists of a new, student apartment-style housing project being constructed to address the University’s current student housing demands due to a shortage of on-campus housing and increasing enrollment at the University year over year. Centennial Village will provide 83 apartment units with a total of 310 single-occupant bedrooms on five floors and have two different unit configurations: (a) four-bedroom apartments (61 total units); and (b) three-bedroom apartments (22 total units). Each apartment will have an open living space with a living room/gathering space and a full kitchen. The total gross square footage of Centennial Village is approximately 119,000 square feet with construction of foundations expected to begin in March 2025. The expected delivery date is prior to the start of the fall semester, August 2026. In addition, to adequately serve the University’s growing campus population, including an expected increase of 400-600 meal plans over the next two years, the University plans to construct a new 20,000-square-foot dining facility on the western side of campus. The dining facility is expected to serve students and be accessible to the broader Grand Junction community. Finally, the complex will include a 1.6-acre plaza and unifying landscaping expected to be completed by the end of spring semester 2027.

Fred Marienthal, Jennifer Barrett, and Shawn Willette worked on this financing.