Specifications include, but are not limited to: Inventory Objectives • WCU will Master lease the Inventory from the Provider with the intent of sub leasing the Inventory to WCU faculty and staff on a short-term basis. • WCU seeks quality rental housing to facilitate the short-term efforts of new faculty and staff as they search for permanent housing. • WCU seeks inventory that is well-suited to faculty and staff, rather than students. • WCU seeks a Provider who will create a sense of place and community for the faculty and staff families by offering a “block” of inventory. The extent to which this inventory is separated from any student housing inventory will be considered in this solicitation. • The Inventory must be within 1 mile of the University. • WCU seeks inventory with very good high-speed internet availability. • WCU is interested in a multi-year agreement. 2.0 Management of the Inventory • WCU will contract with the Provider for management (subletting) of the Inventory to University-approved tenants. • Occupancy will be limited to WCU faculty/staff, visiting lecturers and officials. • Exceptions may be permitted at the sole discretion of WCU. Rental Rates • WCU will master-lease the inventory from the Provider. • WCU will set sub-lease rates for the Provider to offer the inventory to faculty and staff on a month-to-month basis. To facilitate short-term use of the Inventory (3- 12 months), WCU expects to have escalating rental rates as occupants’ terms extend. • The Provider may contract with a property manager for housing management services.
