MINUTES OF A MEETING OF THE BOARD OF VISITORS
OF VIRGINIA COMMONWEALTH UNIVERSITY
March 21, 1984
A meeting of the Board of Visitors of Virginia Commonwealth University was held on Wednesday, March 21, 1984, at 9:00 a.m. in the University Meeting Center
Present were Messrs. Allen, Craigie, Lipman, Ludeman and Reynolds;
Drs. Coleman, Gayle and Nemuth; and Mrs. Thalhimer. Absent were Messrs.
Cotten, Farinholt, Grey, Morris and Smith; and Mesdames Bemiss and
Whittemore. Also present were Drs. Ackell, Hall, Sparks, Wilson and
Woods; Messrs. Bruegman, Guerdon and Ross; and Mrs. Price.
Mr. Ludeman called the meeting to order and commented on Board
attendance.
The Report of the President followed. Dr. Ackell reported on the
following items:
1. The General Assembly adjourned on March 12 after extending its
session by two days because of an impasse over the 1984-86
budget.
Regarding Statewide issues affecting the operating budget, the
major results were:
Funds will provide for a 10% merit increase each year of
the biennium for faculty salaries. Part-time faculty
salary increases were reduced to 7% per year. Life insur-
ance will also be paid by the state; this will be equiva-
lent to a 1% increase in net pay.
An 8.6% increase for 1984-85 plus approximately 1% for
funding of life insurance was allocated for classified
salaries. No funds are provided for 1985-86.
Student aid support increased 100 % from $1.6 million in
1982-84 to $3.2 million in 1984-86.
With regard to University issues, the following items were
approved:
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Sixteen new positions were authorized for the biennium:
Ten for both years and six more in the second year.
Second year funding of $1.8 million for the enhancement of
technological programs and the acquisition of software to
enhance financial and accounting reporting systems.
There were no changes in MCV Hospitals operating budget
over the Governor's recommendations.
In other issues of interest to the University:
The Alzheimers and Related Diseases Research Award was
increased from $10,000 to $40,000 each year. Administra-
tive costs are to be borne by the fund.
A center to foster and broker academic support for basic
industries with emphasis on applied research and training
is approved, as recommended by the Governor ($104,725 and
2 positions for first year, $112,665 and 2 positions for
the second year).
Funds to transmit the graduate engineering televised pro-
gram to Northern Virginia and Tidewater areas of the state
were approved as recommended by the Governor ($326,975 for
the first year and $297,850 for the second year - general
funds only). The State Council of Higher Education will
approve the allotment of the funds.
With regard to Capital Outlay approvals:
The Academic Classroom Building general fund appropriation
of $14,224,000 which was recommended by the Governor, was
reduced to $13,006,300.
For the Hospital, maintenance funds for certain repair
projects were reduced from $396,500 to $213,050.
In the central appropriation account (statewide in appli-
cation and controlled by the Governor) an additional
$1,000,000 was added to the $1,000,000 recommended by the
Governor. This fund is for the purpose of supplementing
capital outlay appropriations.
2. As you are aware, we have a number of searches underway. The
finalists are being interviewed for Dean of Dentistry.
Preliminary candidates are being interviewed for the Vice Pres-
ident of Advancement and the Vice President for Health Scienc-
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es. Some members of the Board will be asked to interview
finalists for these two positions.
Once the Vice President of Health Sciences is on board, we will
begin the search for the Dean of Medicine.
In the near future, we will also begin a search for the Provost
and Vice President for Academic Affairs anticipating Wayne
Hall's retirement in June of 1985.
3. The University in cooperation with the American Council on
Education is planning a statewide conference on "Developing
Human Capital, A Shared Responsibility," in October, 1984. The
conference will bring together representatives from business
and industry, government and higher education. Planning is
just beginning and more information will be forth coming. We
hope some of you will be able to attend.
4. I recently attended a Leadership Development Conference spon-
sored jointly by the American Council on Education and the
Association of Governing Boards. As a result of my participa-
tion in this Conference, I have been asked to serve on ACE's
Commission on Leadership Development which will help to train
other presidents. This is a national Commission and should
bring good exposure to our University.
5. We're very proud of the accomplishments of our men's basketball
program. As you know, we advanced to the second round and were
defeated by Syracuse University. However, participating in the
NCAA Tournament has given our program excellent exposure and,
hopefully, will enhance our recruiting program.
Mr. Ludeman reported on behalf of the Executive Committee which met
on February 16, 1984. The Committee reviewed the Quarterly Budget
Report for the Second Quarter ending December 31, 1983, and the Mid-Year
Budget Projection Report for E&G Programs for 1983-84. These reports
showed that, despite a decline in enrollment which is causing a short-
fall in budgeted tuition and fee revenues, the budget is in balance.
Mr. Ludeman also stated that the Committee reviewed the budget planning
assumptions for 1984-86 and the legislative amendments for the Universi-
ty.
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Dr. Gayle reported for the Academic Policy Committee which met on
February 14, 1984, to review the report of the State Council on Computer
Sciences. At VCU, the report focused on the B.S. and M.S. in Computer
Sciences, which is a track in the Department of Mathematical Sciences
and the B.S. and M.S. in Information Systems in the School of Business.
It was noted that VCU was lacking certain resources for computer
instruction; most notably equipment and manpower.
The Committee also met on March 15. This meeting was conducted in
executive session. On the same date, the Committee held a second meet-
ing with faculty representatives from the various self-study standards
and reviewed the process used during the self-study. The reaffirmation
team will be on campus the week of April 1.
Mr. Craigie reported for the Advancement Committee. He stated that
Mr. Ware had updated the Committee on the various legislative activi-
ties. The committee also approved and recommended to the Board changing
the name of the "Annual Fund" program to the "VCU Annual Giving Pro-
gram."
Mr. Craigie reported that the Audit Committee report would be made
in executive session.
Dr. Gayle reported for the Hospital Committee which met on February
9, 1984. He stated that the Committee reviewed the hospital's budget
which is on target and had a presentation on DRG's (Diagnostic Related
Group) and the impact on MCVH. The Committee also reviewed the criteria
for privileges for oral surgeons.
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Dr. Coleman reported for the Property Committee which met on Febru-
ary 7, 1984, and March 6, 1984. At the February meeting, the Committee
reviewed proposed floor plan for the third floor of the Main Hospital.
This plan identified the site that has been selected for the 5 kilogauss
clinical NMR unit. The Committee also reviewed a status report on the
MCV Master Site Plan. The most controversial item in this plan is the
possible demolition of West Hospital. However, this is only one of the
options being considered; renovation is certainly a possibility. The
administration is not prepared to make a recommendation at this time.
At the March meeting, the Committee approved the contract for Joseph
S. Terrell, Inc., for the renovation of Founder's Hall. The bid is
$618,735 or $200,000 less than the amount budgeted for the project. The
Committee received a report on the various site work projects now under-
way. The remainder of the meeting was conducted in executive session.
Mr. Reynolds reported that the Student Affairs Committee met on
February 2, 1984, and received a report on student life in the residence
halls. In response to a question concerning the recent publicity of the
Downtowner Hotel, Dr. Wilson responded that when the contract was
renewed the owners assured the administration that our students would
not be inconvenienced or in danger during the renovation. However, the
renovation was much more extensive than anticipated and it was felt that
the students should be relocated. All the students have been moved to
other University housing. Each student was compensated with $100 for
moving expenses.
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On motion made and seconded, all Committee reports were accepted and
all Committee minutes were approved.
Mr. Guerdon presented a resolution for the U.S. Department of Educa-
tion loan for the renovation of Cabaniss, Johnson and Rhoads Halls. On
motion made and seconded, the following resolution was approved:
WHEREAS, pursuant to the provisions of the Commonwealth of Virgin-
ia Higher Educational Institutions Bond Act of 1984 (the "Act"),
which has been enacted by the General Assembly of Virginia of 1984,
the Treasury Board of the Commonwealth of Virginia (the "Treasury
Board") is authorized, by and with the consent of the Governor, to
sell and issue bonds of the Commonwealth of Virginia in an aggregate
principal amount not exceeding $33,176,000 pursuant to the Act,
together with additional unissued amounts authorized by the General
Assembly of Virginia in previous years (the "Bonds") for the purpose
of providing funds, with any other available funds, for paying the
cost of acquiring, constructing, and equipping revenue producing
capital projects, including the enlarging and improving thereof, at
institutions of higher learning of the Commonwealth, all in accor-
dance with the provisions of Section 9(c) of Article X of the Con-
stitution of Virginia;
WHEREAS, said revenue producing capital projects include the reno-
vation of three student dormitories known as Cabaniss, Johnson and
Rhoads Halls at Virginia Commonwealth University (the ""Project") at
a cost now estimated to equal or exceed $2,999,000; and
WHEREAS, THE Treasury Board proposes to sell to the United Stated
Department of Education ("ED") a portion of the Bonds in the princi-
pal amount of $2,890,000 designated "Higher Educational Institutions
Bonds, 1984 Series " with an appropriate series designation, for
the purpose of financing a portion of the cost of the Project;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF VISITORS OF VIRGIN-
IA COMMONWEALTH UNIVERSITY:
Section 1. The Board of Visitors of Virginia Commonwealth University (the "Board") (a) covenants to fix, revise, charge, and collect
rentals, fees and charges (including, without limitation, those for
room and board) for or in connection with the use, occupancy, or
services of the Project, and (b) pledges said rentals, fees and
charges and all other income and revenue arising from the ownership
or operation of the Project to the payment of the principal of and
interest on the Bonds; provided that the current expenses of operat-
ing the Project (the "Current Expenses") shall be a first charge on
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such rentals, fees and charges. The Board further covenants that
such rentals, fees and charges will be fixed, revised, charged and
collected so that the net revenues from the Project, after payment
of Current Expenses and other debt service payable therefrom, if
any, will at all time be sufficient to pay the principal of and
interest on the Bonds as the same become due and to deposit an
amount not to exceed $28,900 annually to a repair and replacement
reserve account for the Project (the "Reserve Account") until the
same shall be maintained at a level not to exceed $289,000, such
account to be maintained by the University within its local University funds. Any such revenues in excess of the amounts required for
the payment of Current Expenses, other debt service payable there-
from, if any, the payments of principal of and interest on the Bonds
when due and the annual deposits to the Reserve Account may be used
by the University for any other proper purpose. The Board further
covenants that no debt obligations secured by a parity lien on the
revenues of the Project pledged hereby to the payment of the princi-
pal of and interest on the Bonds shall be subsequently issued,
except financing in an amount not to exceed $109,000 for additional
renovation costs of, and the furnishings and movable equipment to be
installed in, the Project, and except financing for any revenue
producing expansion or addition to the Project.
Section 2. The Board hereby authorizes and empowers the appropri-
ate officers of the University, for and on its behalf, to execute
the Loan Agreement dated as of March 1, 1984 among the Treasury
Board, the University and ED in substantially the form presented to
this meeting (the "Loan Agreement"), with such changes, additions or
deletions as the officer or officers executing the Loan Agreement
may deem appropriate and not inconsistent with the purpose of these
resolutions, such changes, additions, or deletions to be conclusive-
ly presumed to have been made in accordance with these resolutions
upon execution of the Loan Agreement by such officer or officers,
and to take such further action as may be necessary or desirable to
carry out the intent and purposes of these resolutions and the Loan
Agreement, the operation of the Project, and the consummation of the
sale of the Bonds to ED.
Section 3. The Bonds shall be in the principal amount of
$2,890,000 payable over 20 years, shall bear interest at 3% per
annum, and shall otherwise be dated, issues in such denomination(s)
and form and payable in such installments as shall be agreed to by
the Treasury Board and ED (consistent with the feasibility estimates
referred to in Section 4 hereof) to all of which the Board hereby
consents.
Section 4. It is hereby found, determined and declared that,
based upon responsible engineering and economic estimates and advice
of appropriate officials of the University, as shown on Exhibit A
hereto, the anticipated net revenues of the Project pledged above,
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together with renovation period interest, if any, included in the
proceeds of the Bonds, will be sufficient to pay Current Expenses,
all other debt service presently secured by or payable from such
revenues, the principal of and interest on the Bond and the required
deposits to the Reserve Account as and when they become due.
Section 5. The Board covenants that so long as the Bonds are
outstanding the University will pay to the Treasurer of Virginia not
less than 30 days before each interest or principal and interest
payment date the amount certified by the Treasurer of Virginia to be
due and payable on such date for the payment of the principal of and
interest on the Bonds.
Section 6. The Board covenants that the University will pay from
time to time all expenses incurred in connection with the sale and
issuance of the Bonds and all expenses thereafter incurred in con-
nection with the payment of the principal of and interest on the
Bonds all as certified by the Treasurer of Virginia to the Universi-
ty
Mr. Guerdon presented a resolution regarding the sale of bonds by
the Commonwealth which includes financing for the site work for the
University Commons Building, phase II of the Low-Rise Dormitory and
renovation for student housing. On motion made. and seconded, the following Resolution was approved with Mr. Craigie abstaining:
WHEREAS, pursuant to the provisions of the Commonwealth of Virginia Higher Educational Institutions Bond Act of 1983 (the "1983
Act") which Act has been enacted by the General Assembly of Virgin-
ia of 1983 and the Commonwealth of Virginia Higher Educational
Institutions Bond Act of 1984 (the "1984 Act"), which Act has been
enacted by the General Assembly of Virginia of 1984, the Treasury
Board of the Commonwealth of Virginia (the "Treasury Board") was
authorized, by and with the consent of the Governor, to sell and
issue bonds of the Commonwealth of Virginia in an aggregate princi-
pal amount no exceeding $33,176,000 pursuant to the 1984 Act
together with additional unissued amounts authorized under the 1983
Act for the purpose of providing funds, with any other available
funds, for paying the cost of acquiring, constructing, and equip-
ping revenue producing capital projects, including the enlarging
and improving thereof, at institutions of higher learning of the
Commonwealth, all in accordance with the provisions of Section 9(c)
of Article X of the Constitution of Virginia;
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WHEREAS, said revenue producing capital projects include, under
the 1983 Act, the construction of a student dormitory known as the
Low Rise Dormitory, Phase II (the "Low Rise Project") and, under
the 1984 Act, the renovation of three student dormitories known as
Cabaniss, Johnson and Rhoads Halls (the "Renovation project") and
the construction of the Student Commons Building, including site
work (the "Student Commons Project"), for Virginia Commonwealth
University at costs now estimated to equal or exceed $5,474,000,
$2,999,000 and $6,879,700, respectively;
WHEREAS, the Treasury Board has issued and sold a portion of
said bonds in the amount of $4,050,000 to finance a portion of the
cost of the Low Rise Project and will issue and sell a portion of
said bonds in the amount of $2,890,000 to finance a portion of the
cost of the Renovation Project to the United States of America
acting by and through the Department of Education ("ED") (the "1983
Series C Bonds" and "1984 Series A Bonds", respectively);
WHEREAS, the Treasury Board proposes to sell publicly a portion
of said bonds tentatively to be designated "Higher Educational
Institutions Bonds, 1984 Series B" (the "1984 Series B Bonds")
portion of the cost of constructing and equipping the Student Com-
mons Project;
WHEREAS, the Treasury Board proposes to sell publicly a portion
of said bonds tentatively to be designated "Higher Educational
which will include an amount not to exceed $6,879,700 to finance a
Institutions Bonds, 1984 Series C" (the "1984 Series C Bonds"),
which will be in an amount not to exceed $1,424,000 for the purpose
of financing a portion of the cost of constructing and equipping
the Low Rise Project; and
WHEREAS, the Treasury Board proposes to sell publicly a portion
of said bonds tentatively to be designated "Higher Educational
Institutions Bonds, 1984 Series D" (the "1984 Series D Bonds")
which will be in an amount not to exceed $109,000 to finance a
portion of the cost of renovating and equipping the Renovation
Project;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF VISITORS OF VIR-
GINIA COMMONWEALTH UNIVERSITY:
Section 1. The Board of Visitors of Virginia Commonwealth Uni-
versity (the "Board") (a) covenants to fix, revise, charge and
collect student University fees for or in connection with the Stu-
dent Commons Project and revenues from the food service facilities _
located in the Student Commons Project, and (b) pledges said fees
and revenues to the payment of the principal of, premium, if any,
and interest on that portion of the 1984 Series B Bonds issued to
finance the Student Commons Project; provided that the current
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expenses of operating the Student Commons Project, including the
food service facilities (the "Student Commons Current Expenses")
shall be a first charge on such fees and revenues. The Board fur-
ther covenants that such fees and revenues will be fixed, revised,
charged and collected so that the net revenues from or for the use
or otherwise received on behalf of the Student Commons Project
after payment of the Student Commons Current Expenses, will at all
times be sufficient to pay the principal of, premium, if any, and
interest on that portion of the 1984 Series B Bonds issued to
finance the Student Commons Project, as and when the same become
due. Any such revenues in excess of the amounts required for the
payment of the Student Commons Current Expenses and the payment of
the principal of, premium, if any, and interest on that portion of
the 1984 Series B Bonds issued to finance the Student Commons Pro-
ject when due may be used by the University for any other proper
purpose.
Section 2. It is hereby found, determined, and declared that,
based upon responsible engineering and economic estimates and
advice of appropriate officials of the University as shown on
Exhibit A hereto, the anticipated net revenues received from or on
behalf of the Student Commons Project pledged above will be suffi-
cient to pay the Student Commons Current Expenses and the principal
of, premium, if any, and interest on that portion of the 1984
Series B Bonds issued to finance the Student Commons Project, as
the same become due, so long as the average interest rate on the
1984 Series B Bonds does not exceed 9.5% per annum.
Section 3. The Board covenants that so long as the 1984 Series
B Bonds are outstanding, the University will pay to the Treasurer
of Virginia not less than 30 days before each interest or principal
and interest payment date, the amount certified by the Treasurer of
Virginia to be due and payable on such date as principal and inter-
est on that portion of the 1984 Series B Bonds issued on behalf of
the University to finance the Student Commons Project.
Section 4. The Board (a) covenants to fix, revise, charge, and
collect rentals, fees and charges (including, without limitation,
those for room and board) for or in connection with the use, occu-
pancy or services of the Low Rise Project, and (b) pledges said
rentals, fees and charges and all other income and revenue arising
from the ownership or operation of the Low Rise Project to the
payment of the principal of, premium, if any, and interest on the
1984 Series C Bonds on a parity with the 1983 Series C Bonds; pro-
vided that the current expenses of operating the Low Rise Project
(the "Low Rise Current Expenses") shall be a first charge on such _
revenues. The Board further covenants that such rentals, fees and
charges will be fixed, revised, charged, and collected so that the
net revenues from the Low Rise Project after payment of the Low
Rise Current Expenses, will at all times be sufficient to make the
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deposits required by the Loan Agreement dated as of March 1, 1983
among the Treasury Board, the University and ED (the "Low Rise Loan
Agreement") pursuant to which the 1983 Series C Bonds were issued
and to pay the principal of, premium, if any, and interest on the
1984 Series C Bonds and the 1983 Series C Bonds as and when the
same become due. Any such revenues in excess of the amounts
required for the payment of the Low Rise Current Expenses, the
deposits required by the Low Rise Loan Agreement, and the payment
of principal of, premium, if any, and interest on the 1984 Series C
Bonds and the 1983 Series C Bonds may be used by the University for
any other proper purpose.
Section S. It is hereby found, determined, and declared that,
based upon responsible engineering and economic estimates and -
advice of appropriate officials of the University as shown on
Exhibit B hereto, the anticipated net revenues from the Low Rise
Project pledged above will be sufficient to pay the Low Rise Cur-
rent Expenses, to make the deposits required by the Low Rise Loan
Agreement and to pay the principal of, premium, if any, and inter-
est on the 1984 Series C Bonds and the 1983 Series C Bonds, as the
same become due, so long as the average interest rate on the 1984
Series C Bonds does not exceed 9 ,% per annum.
Section 6. The Board covenants that so long as the 1984 Series
C Bonds are outstanding, the University will pay to the Treasurer
of Virginia not less than 30 days before each semiannual interest
or principal and interest payment date the amount certified by the
Treasurer of Virginia to be due and payable on such date for the
payment of the principal of, premium, if any, and interest on the
1984 Series C Bonds.
Section 7. The Board (a) covenants to fix, revise, charge, and
collect rentals, fees and charges (including, without limitation,
those for room and board) for or in connection with the use, occu-
pancy or services of the Renovation Project, and (b) pledges said
rentals, fees and charges and all other income and revenue arising
from the ownership or operation of the Renovation Project to the
payment of the principal of, premium, if any, and interest on the
1984 Series D Bonds on a parity with the 1984 Series A Bonds; pro-
vided that the current expenses of operating the Renovation Project
(the "Renovation Current Expenses") shall be a first charge on such
revenues. The Board further covenants that such rentals, fees and
charges will be fixed, revised, charged, and collected so that the
net revenues from the Renovation Project after payment of Renova-
tion Current Expenses, will at all times be sufficient to make the
deposits required by the Loan Agreement dated as of March 1, 1984 _
among the Treasury Board, the University and ED (the "Renovation
Loan Agreement") pursuant to which the 1984 Series A Bonds will be
issued, to pay the principal of, premium if any, and interest on
the 1984 Series D Bonds and the 1984 Series A Bonds as and when the
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same become due and to pay debt service on any outstanding obliga-
tions that have been previously issued to provide funds for one or
more of the three dormitories constituting the Renovation Project,
the 1984 Series D Bonds and 1984 Series A Bonds to be secured on a
parity with such obligations. Any such revenues in excess of the
amounts required for the payment of the Renovation Current Expens-
es, the deposits required by the Renovation Loan Agreement, the
principal of, premium, if any, and interest on the 1984 Series D
Bonds and the 1984 Series A Bonds and debt service on outstanding
obligations issued to provide funds for one or more of the three
dormitories constituting the Renovation Project may be used by the
University for any other proper purpose.
Section 8. It is hereby found, determined, and declared that,
based upon responsible engineering and economic estimates and
advice of appropriate officials of the University as shown on
Exhibit C hereto, the anticipated net revenues from the Renovation
Project pledged above, plus that portion of the proceeds of the
1984 Series D Bonds and the 1984 Series A Bonds representing inter-
est thereon during the renovation of the Renovation Project, will
be sufficient to pay the Renovation Current Expenses, to make the
deposits required by the Renovation Loan Agreement, and to pay the
principal of, premium, if any, and interest on the 1984 Series D
Bonds and the 1984 Series A Bonds, as the same become due and debt
service on outstanding obligations issued to provide funds for one
or more of the three dormitories constituting the Renovation Pro-
ject, so long as the average interest rate on the 1984 Series D
Bonds does not exceed 12°o per annum.
Section 9. The Board covenants that so long as the 1984 Series
D Bonds are outstanding, the University will pay to the Treasurer
of Virginia not less than 30 days before each semiannual interest
or principal and interest payment date the amount certified by the
Treasurer of Virginia to be due and payable on such date for the
payment of the principal of, premium, if any, and interest on the
1984 Series D Bonds.
Section 10. The Board covenants that the University will pay
from time to time its proportionate share of all expenses incurred
in connection with the sale and issuance of the 1984 Series B
Bonds, the 1984 Series C Bonds and the 1984 Series D Bonds and all
expenses thereafter incurred in connection with the payment of the
principal of, premium, if any, and interest on the 1984 Series B
Bonds, the 1984 Series C Bonds and the 1984 Series D Bonds all as
certified by the Treasurer of Virginia to the University.
Mr. Guerdon presented the list of contracts signed since the Janu-
ary meeting of the Board of Visitors. On motion made and seconded, the
Report of Contracts was ratified.
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On motion made and seconded, the Board convened into executive
session to discuss certain personnel matters involving the performance
of identifiable employees or faculty of VCU, and to discuss the evalua-
tion of performance of departments or schools of VCU where such matters
regarding such individuals might be affected by such evaluation, and to
discuss pending litigation with its attorney, and to discuss the condi-
tion, acquisition or use of real property, and to protect the privacy
of individuals in personal matters not related to public business, and
to discuss matters relating to gifts, bequests, and fundraising activi-
ties and to discuss special awards as authorized by Section 2.1-344
a(1), a(2), a(3), a(7), and a(8) of the Virginia Freedom of Information
Act.
Following executive session, on motion made and seconded, the Board
approved the faculty appointments and changes in status, the awards of
promotion and tenure, the revised administrative organizational struc-
ture, the recommendation of the Executive Committee regarding honorary
degrees, the establishment of the Special Awards Committee and the
procedures and criteria for identifying and recommending commencement
speakers and recipients of honorary degrees and the Wayne Medal and
approved the establishment of the Presidential Medallion.
Mr. Ludeman reported that he would be appointing by letter members
of the Board to serve on the Nominating Committee and the Presidential
Evaluation Committee. The Nominating Committee will make a recommenda-
tion for Rector to be elected at the May meeting. The new Rector will
then work with the Nominating Committee in selecting the slate of offi-
14
cers and committee chairmen. This slate is presented at the annual
meeting in July. The Presidential Evaluation Committee also makes it
report at the annual Board meeting in July.
The meeting was adjourned at 11:35 a.m.
Harold I. Nemuth, Secretary
Approved:
G~
u as H. Ludeman, Rector
