MINUTES OF THE
UNIVERSITY OF HOUSTON SYSTEM
BOARD OF REGENTS
November 17, 2005
| Members Present: | Members Absent: |
Leroy L. Hermes, Chair Michael J. Cemo, Vice Chair Dennis D. Golden, Secretary Morrie K. Abramson Morgan Dunn O’Connor Lynden B. Rose |
Raul A. Gonzalez Thad “Bo” Smith Calvin W. Stephens |
The University of Houston System Board of Regents convened in the Willow Street Pump Station of UH-Downtown at 811 N. San Jacinto, on November 17, 2005. Noting the presence of a quorum, Chairman Hermes called the meeting to order at 8:06 a.m.
Regent O’Connor moved approval of the minutes from the following meetings:
August 2, 2005 Board of Regents Committee Meetings
August 18, 2005 Board of Regents Meeting
September 15, 2005 Special Called Board of Regents Meeting
October 7, 2005 Special Called Executive Committee Meeting
Regent Cemo seconded the motion, and the minutes were passed unanimously.
The board recessed for committee meetings at 8:08 a.m.
ACADEMIC AND STUDENT AFFAIRS COMMITTEE REPORT
Vice Chair Golden reported that the Academic and Student Affairs Committee met on Tuesday, November 1, 2005 and approved the following items:
- Promotion in Academic Rank – UH Downtown
- Personnel Actions for Executive Management Employees – UH Victoria
- Change of Name of Graduate School of Social Work to Graduate College of Social Work – University of Houston
Dr. Donald Foss reported to the Board that there was a mistake in the information concerning the Personnel Actions for Executive Management Employees – UH Victoria item as presented November 1, 2005 at the Committee meetings. The item stated John Stansell was appointed as Interim Dean, School of Education. This appointment is, in fact, not interim. The item was corrected for today’s Board meeting.
There was one new information item presented to the committee. Due to equipment problems, this item was delayed until the end of the meeting.
- Presentation on “The Bayou Connection” at UH Downtown – UH Downtown
There being no further business to come before the committee, the meeting adjourned at 8:55 a.m.
Regent O’Connor moved Board approval of the items as presented. Regent Cemo seconded the motion, which passed unanimously.
UNIVERSITY ADVANCEMENT COMMITTEE REPORT
Chairman Golden reported that the University Advancement Committee met on Tuesday, November 1, 2005 and there was one item forwarded by the committee.
- Transfer of three Endowments to UH Foundation – UH System
There were no new items to come before the Board.
There being no further business to come before the committee, the meeting adjourned at 8:10 a.m.
Regent O’Connor moved Board approval of the item as presented. Regent Cemo seconded the motion, which passed unanimously.
ADMINISTRATION AND FINANCE COMMITTEE MEETING
Chairman Cemo reported that the Administration and Finance Committee met on Tuesday, November 1, 2005 and approved the following items:
- Appointment of Endowment Investment Manager – UH System
- Contract Extension with Constellation New Energy – UH System
- Facilities Expansion Agreement, and Lease of Property to the Sugar Land 4B Corporation – UH System
- Purchase Order for Public Broadcasting Service – University of Houston
- State Office of Risk Management Interagency Contracts – UH System
- UH System Endowment Fund Statement of Investment Objectives and Policies – UH System
There were three new approval items to be considered by the committee:
- Consolidated Revenue Bonds, Series 2006A: Bond Resolution, Preliminary Official Statement and Official Notice of Sale. Consolidated Revenue and Refunding Bonds, Series 2006A: Bond Resolution and Preliminary Official Statement – UH System. Approval is requested to authorize the system to issue consolidated revenue bonds in the amount of $35,140,000. The Master Resolution for the consolidated revenue bonds was approved by the Board of Regents on April 25, 1990. The Fifteenth Supplemental Resolution appoints the Chair of the Administration and Finance Committee as pricing officer.
- Consolidated Revenue Refunding Bonds, Series 2006B: Bond Resolution and Preliminary Official Statement – UH System. Approval is requested of the Sixteenth Supplemental Resolution and the Preliminary Official Statement for Consolidated Revenue Refunding Bonds, Series 2006B. The Master Resolution for the consolidated revenue bonds was approved by the Board of Regents on April 25, 1990. The Sixteenth Supplemental Resolution authorizes refunding of existing consolidated revenue bonds if interest rates reach a level that reduces debt service to produce a 5% present value savings.
- M.D. Anderson Library Expansion and Renovation Project Budget – University of Houston. The initial budget of $39,000,000 for the construction of the new addition and renovation to the M.D. Anderson Library included 84,012 square feet of renovation and 170,015 square feet of new construction. Shell space buildout was completed in multiple phases as additional funds were raised, resulting in a total budget of $49,000,000. Administration presents the budget details for the M. D. Anderson Library for clarification, and ratification by the Board.
Regent O’Connor moved approval by the Committee of the items as presented. Regent Golden seconded the motion, which passed unanimously.
There being no further business to come before the committee, the meeting adjourned at 8:15 a.m.
Regent Abramson moved Board approval of all Administration and Finance Committee items as presented. Regent Golden seconded the motion, which passed unanimously.
AUDIT COMMITTEE REPORT
Audit Committee Vice-Chair Cemo reported that the Audit Committee met on Tuesday, November 1, 2005. There were no items forwarded by the committee and no new items.
There being no further business to come before the committee, the meeting adjourned at 8:17 a.m.
CONSENT DOCKET
Chairman Hermes asked for approval of the Consent Docket. Regent O’Connor moved approval of the items included in the Consent Docket. Regent Cemo seconded the motion, which passed unanimously.
CHANCELLOR’S REPORT
Chancellor Gogue reported to the Board that the UH Faculty Senate had recently sponsored a very well received Scholarship and Community conference entitled “Professors and Private Philanthropy.” He thanked Dr. Allen Warner, President of the UH Faculty Senate, for his efforts to make the conference such a success. Dr. Gogue also invited Dr. Warner to address the Board. Dr. Warner highlighted the efforts of UH faculty members to assist students and institutions devastated by hurricane Katrina.
EXECUTIVE SESSION REPORT
Regent Hermes announced that the regents consulted with General Counsel, Dona Hamilton and discussed prospective gifts or donations. No action was taken in Executive Session.
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INFORMATION ONLY:
Before the meeting began Chairman Hermes thanked UHD President, Max Castillo for hosting the Board meeting. Dr. Castillo brought greetings to the Board and explained the history of the Willow Street Pump Station building.
No individuals came forward during the Open Forum.
In absence of further business, the Board adjourned at 9:55 a.m.
All documentation submitted to the Board in support of the foregoing action items, including but not limited to “Passed” agenda items and supporting documentation presented to the Board, is incorporated herein and made a part of these minutes for all purposes, however, this does not constitute a waiver of any privileges contained therein.
| Others Present: | ||
|
G. Jay Gogue Grover Campbell Molly Woods Allen Warner David Bell William A. Staples Audrey McMillian Wendy Adair Don Bates James E. Anderson Jim McShan Chris Buchak Celeste Zamora Ed Apodaca |
Raymond Bartlett John Rudley Diane Murphy Elwyn Lee Dave Irvin Michael Rierson Dave Bradley Tim Hudson Don Smith Elaine Charlson Ed Hugetz Beth Pelz Beth McConnell Don Foss |
Janis Newman Malcolm Davis Max Castillo Julia Vazquez Gilda Parker Mindy Nichols Nikhil Bhatt Averill Buchanan |
