Wells Fargo Place
Saint Paul, Minnesota
THIS SUMMARY IS NOT THE OFFICIAL MINUTES OF THE MEETING
Election of Board Officers
The Board of Trustees re-elected David Olson as chair, Ruth Grendahl as vice chair, and Scott Thiss as treasurer for another term, effective August 1, 2008.
Report of Closed Session on Chancellor's Evaluation
The Board of Trustees accepted the summary of Chancellor James McCormick's assessment provided by the Ad Hoc Chancellor Assessment Committee and authorized:
- Payment of a lump sum payment of $23,500 based on Chancellor McCormick's attainment of performance indicators established for Fiscal Year 2008.
- A base salary increase of $20,000, effective July 1, 2008.
- The Board Chair to establish performance goals for Fiscal Year 2009 and to renegotiate and execute an amendment to the employment agreement with the Chancellor to provide a performance incentive of up to $50,000.
- Modifications needed to implement authorized changes.
The Board of Trustees conferred emeritus status on former presidents Roland E. Barden, Roy H. Saigo, Joseph M. Sertich, and Ronald A. Wood, effective upon their retirements.
Transfer of Property: Anoka Technical College Horticulture Center
The Board of Trustees affirmed and approved the conveyance of the Anoka Technical College Horticulture Center property to the Anoka Hennepin School District, and directs the Chancellor or his designee to execute all necessary documents to complete the conveyance in compliance with 2008 session law.
Acquisition of Student Housing: Hibbing Community College
The Board of Trustees approved the acquisition of the Hibbing student housing complex from the Hibbing Economic Development Authority for a maximum price of $780,000, subject to the satisfactory completion of all necessary due diligence consistent with the terms and conditions as described in the materials on pages 14-16, including receipt and review of a current appraisal and approval by the Vice Chancellor - Chief Financial Officer of a 20-year business and program plan for the facility.
Century College Property Lease
The Board of Trustees approved the lease of Century College property to Scannell Properties and a sublease to Federal Express Ground, and a lease from Scannell Properties for a replacement truck driver training facility in Afton/West Lakeland Township, subject to final approval of lease terms as outlined in Exhibit D (distributed at the meeting) by the Chancellor or his designee.
Revised FY 2009 Meeting Calendar
The Board of Trustees approved a revised FY 2009 meeting calendar, as follows:
July 14, 2008: Orientation for New Members
July 15 and 16, 2008: Committee and Annual Board Meetings
July 30, 2008: Orientation for New Trustees
July 30, 2008: Special Board Meeting
September 16 and 17, 2008: Committee and Board Meetings
October 22-23, 2008: Fall Retreat, Bemidji State University
October TBD 2008: Finance, Facilities and Technology Committee Public
Hearing on the FY 2010-2011 Biennial Operating Budget. First reading will be in
September and second reading and action in November.
November 18 and 19, 2008: Committee and Board Meetings
January 20 and 21, 2009: Committee and Board Meetings - Metro Area Campus
February TBD 2009: Finance, Facilities and Technology Committee - Public
Hearing on the FY 2010-2015 Capital Budget. Date and location to be determined. Another hearing may be scheduled in March.
March 17 and 18, 2009: Committee and Board Meetings
April 22, 2009: Board of Trustees Awards for Excellence in Teaching
May 19 and 20, 2009: Committee and Board Meetings
June TBD 2009: Public Hearing, Finance, Facilities and Technology Committee
on the FY 2010-2011 Operating Budget Including Tuition and Fees (Date to be determined but after legislative session ends.)
June TBD 2009: Board of Trustees Meeting on Chancellor Assessment
July 21 and 22, 2009: Committee and Annual Board Meetings