September 17, 2003
Board Meeting Summary
World Trade Center
Saint Paul, Minnesota
THIS SUMMARY IS NOT THE OFFICIAL MINUTES OF THE MEETING
Proposed Amendment to Policy 1A.3 System Administration, Chancellor
The Board of Trustees approved the amendment to Policy
1A.3 System Administration, Chancellor, effective September 17,
2003. The policy, describing the duties and responsibilities of the
Chancellor, was amended so that: 1) the chair of the board appoints
the members of the ad hoc assessment committee, and 2) the executive
director of the Office of Internal Auditing will compile the assessment
surveys.
Winona State University Real Property Acquisition
The Board of Trustees approved the acquisition of 629 Main Street,
Winona, Minnesota by Winona State University subject to completion of
all necessary due diligence requirements and approval of all documents
by the Attorney General's Office.
Minneapolis Community and Technical College Real Property Acquisition
The Board of Trustees approved the purchase of the 2.5 acre parcel
of land and buildings located thereon, currently owned by the Billy
Graham Evangelistic Association and located at 1300 Harmon Place in
downtown Minneapolis. The purchase agreement is contingent upon successful
completion of all due diligence activities.
Leadership Employment Agreement Authorization
The Board of Trustees authorized the Chancellor, in consultation with
the Chair of the Board of Trustees and Chair of the Human Resources
Policy Committee, to negotiate employment agreements with presidents
and vice chancellors whose current agreements expire June 30, 2004.
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