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Home > Board of Directors > September 15, 2004
Executive Committee
September 15 , 2004 - Summary
ITEM #1 APPROVAL OF EXECUTIVE COMMITTEE MINUTES FOR APRIL 30, 2004
The minutes were approved.
ITEM #2 ELECTION OF INTERIM SECOND VICE PRESIDENT
Brendan Saunders was elected to serve as Interim Second Vice
ITEM #3 CAPITALIZATION POLICY
The proposed capitalization policy will bring the Corporation's capitalization limit in line with that of the University and would make it retroactive to July 01, 2004
MSP: That the University Corporation Executive Committee recommend that the University Corporation Board of Directors approve the capitalization policy as proposed
ITEM #4 COLLEGE COURT
At the May 20, 2004 meeting, the Board approved a three-year limit on tenancy at College Court
MSP: That The University Corporation Executive Committee recommend that The University Corporation Board of Directors approve the College Court incentive plan for early move-out, as proposed.
ITEM #5 METERED PARKING
The proposal is to install a metered parking lot using 40% of the lawn area immediately west of Chisholm Hall and north of the orange grove. This would provide thirty-nine parking spaces, including five handicapped spaces. The cost would be split between the Corporation and the University Parking Fund.
MSP: That The University Corporation Executive Committee recommend that The University Corporation Board of Directors approve a gift of up to $210,000 to California State University, Northridge, to provide for one-half the cost of constructing a metered parking lot, said gift to be allocated from University Corporation reserves.
ITEM #6 USU RENOVATION
The Corporation's Phase II tenant improvements include a new coffee house and the relocation of the Mercantile Exchange.
MSP: That The University Corporation Executive Committee recommend that The University Corporation Board of Directors approve a $133,000 allocation for the relocated Mercantile Exchange and a $275,000 allocation for the new coffee house in the USU, with the understanding that any surplus funds from either project may be used to cover any deficit in the other project.
ITEM #7 RESERVES POLICY
MSP: That The University Corporation Executive Committee recommend that The University Corporation Board of Directors approve the new University Corporation Reserves Policy as proposed.
ITEM #8 ATTORNEY OF RECORD
MSP: That The University Corporation Executive Committee recommend that The University Corporation Board of Directors name Robert J. Carlson attorney of record for The University Corporation.
ITEM #9 WORKERS COMPENSATION
The Auxiliary Organizations Association (AOA) developed a self-insurance plan to reduce workers compensation insurance costs for its members. The Corporation is one of the first organizations to go on the plan. The resolution is required for participation.
MSP: That The University Corporation Executive Committee recommend that The University Corporation Board of Directors authorize and empower the President or Secretary of The University Corporation to make application for a certificate of consent to self insure, to the Department of Industrial Relations of the State of California, and to execute any and all documents required for such application, including the instrument of undertaking in furnishing security.
ITEM #10 HUD REPORT
Two homes were sold between April 15, 2004 and August 15, 2004.
ITEM #11 INVESTMENT RETURN
A 16% overall return on investments for the year ended June 30, 2004 was noted.
ITEM #12 RESEARCH & SPONSORED PROJECTS - AWARDS AND EXPENDITURE REPORTS (MARCH, APRIL, MAY, JUNE 2004)
The information was received.
