A resolution by The Board of Regents of the University of the Pacific, regarding sustainable building construction and renovation, upon recommendation of the Facilities Committee and after due consideration of the importance of having policies which promote sustainability to reduce reliance on non-renewable energy sources, the Board of Regents of the University of the Pacific hereby declares, as University policy, that as of January 1, 2010, the University will secure at a minimum Leadership in Energy and Environmental Design (LEED) Green Building Rating System™  "Silver" or its equivalent for all new buildings and to secure an estimate of the full cost to secure a LEED "Silver" (or its equivalent) for all proposed renovation projects costing at least $1 million and strive to meet this standard within project budget restraints.