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Executive Committee Minutes -- Aug. 23, 2004 -- Board of Trustees -- University of Louisville

by Bendl,Kurt last modified Nov 08, 2009 04:14 PM

MINUTES OF THE
EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES
UNIVERSITY OF LOUISVILLE

IN OPEN SESSION

The Executive Committee of the University of Louisville Board of Trustees met on Monday, August 23, 2004, at 4:00 p.m. in the Jefferson Room of Grawemeyer Hall, Belknap Campus, with members present and absent as follows:

Present:

Mr. Ulysses L. Bridgeman, Jr., Chairman
Mr. J. Chester Porter
Mr. Owsley B. Frazier
Mr. Nathaniel Green
Mr. Ryan McKinley

From the University:

Dr. James R. Ramsey, President
Dr. Shirley Willihnganz, Executive Vice President and Provost
Ms. Angela D. Koshewa, University Counsel
Mr. Michael J. Curtin, Vice President for Finance
Mr. Larry Owsley, Vice President for Business Affairs
Ms. Rae Goldsmith, Associate VP for University Relations
Mr. John Drees, Director of Public Information
Mrs. Kathleen M. Smith, Assistant Secretary, Board of Trustees
Ms. Debbie Dougherty, Board Liaison, President’s Office

I. Call to Order

Having determined a quorum present, Chairman Bridgeman called the meeting to order at 4:00 p.m.

II. Information Item: Update on Baseball Stadium

President Ramsey reported the Board had previously discussed the construction of the baseball stadium. He commended Vice President Owsley for his work with the Capital Projects and Bond Oversight Committee. In response to President’s request, Mr. Owsley briefed the Committee on the status of the project. Vice President Owsley referred to a letter dated August 6, 2004 (copy available upon request) to the Capital Projects and Bond Oversight Committee summarizing the project as follows:

House Bill 269 of the 2003 General Assembly authorized the following for UofL:

  • Baseball stadium construction $5,900,000

  • Land acquisition for stadium project $2,290,000

Based on competitive bids and appraisals, the revised scopes are as follows:

Original Revised % Increase

  • Construction $5,900,000 $6,785,000 15%

  • Land acquisition $2,290,000 $2,471,028 7.8%

Mr. Owsley reported the recent escalation in steel prices contributed significantly to the construction cost increase. He noted similar problems existed in recent bids for other projects. He stated the location of the stadium and land acquisitions were modifications to the original plans but the underlying scope of the project remained consistent. The land is one block west of the original Floyd Street location. The new site at Third Street and Central Avenue will still include parking for the stadium. He stated the University will issue bonds for this project. The Governor’s Office for Policy and Management agreed the sale of these bonds could occur once the 2004-06 budget was enacted. Until that time, he said the University will proceed with land acquisition and stadium construction using private donations received to date by borrowed funds. President Ramsey encouraged board members to acknowledge their appreciation to the Capital Projects and Oversight Committee members when the opportunity arose. Chairman Bridgeman noted this report required no action.

III. Action Item: Appointment of UMC Board Member

President Ramsey acknowledged University Hospital is a great asset for the University. The current governing board consists of twelve members: three representatives from Jewish Hospital (Henry Altman, Mason Rudd, and Henry Wagner); three representatives from Norton Healthcare System (Carolyn Gatz, Stephen Williams, and Richard Wolf); and six representatives from the University of Louisville appointments, which are crucial to the effective operations of UMC. The University’s six representatives are Dr. Richard Clover and Sandy Metts Snowden (terms expiring 2006) Mr. Robert W. Rounsavall, III (term expiring 2004), and Dr. Mark Pfeifer and Dr. James R. Ramsey (terms expiring 2005), and Dr. Joel Kaplan who resigned. Mr. Porter made a motion, which Mr. Green seconded, to approve the

Chairman’s recommendation that the Board of Trustees approve the following interim appointment to the Board of Directors of the University Medical Center, Inc. representing the University of Louisville for the term expiring December 2004:

Dr. Larry Cook, completing the unexpired term of Dr. Joel Kaplan

The motion passed unanimously.

IV. Action Item: Designation of University Club and Alumni Center

President Ramsey observed that Malcolm Chancey has been a long-time and ardent supporter of this University and our community. He has spearheaded many civic efforts, including chairing the Metro United Way Campaign, the Louisville Chamber of Commerce, the Downtown Development Corporation, the Museum of History and Science, the Jefferson County Public Education Foundation, the Louisville Education & Employment Partnership and served as President of the Louisville Free Public Library Foundation. His commitment to UofL has included serving on the Board of Trustees, chairing the Fundraising Campaign that funded Papa John’s Cardinal Stadium and the Bicentennial Campaign Steering Committee that raised $350 million from 1994-1999. He has chaired the UofL Foundation board of directors since 1998. He and Owsley Frazier served on the steering committee for Cardinal Park, and Mr. Chancey was instrumental in bringing Howard Schnellenberger and John L. Smith to UofL. His leadership secured major capital gifts from Liberty/Bank One for the University’s Quest for Excellence and subsequently the Challenge for Excellence fundraising campaigns. His contributions have spanned several decades, and he is an illustrious alumnus who cares deeply for UofL and its community. In appreciation of his tremendous efforts, President Ramsey proposed naming of the University Club and Alumni Center the Malcolm B. Chancey, Jr. University Club and Alumni Center. Mr. Frazier made a motion, which Mr. Porter seconded, to approve the

President’s recommendation that the University Club and Alumni Center be designated the MALCOLM B. CHANCEY, JR., UNIVERSITY CLUB AND ALUMNI CENTER.

The motion passed unanimously. Mr. Frazier observed Mr. Chancey’s willingness to commit to the many university projects, his tireless efforts to raise funds for the football stadium, chairing the Foundation board during good and bad times, raising funds for Cardinal Park and helping to build a remarkable sports facility that exceeds gender equity needs.

V. Adjournment

Mr. Green made a motion, which Mr. McKinley seconded, to adjourn the meeting at 4:20p.m. The motion passed unanimously.



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