10
A request for approval to acquire an upgrade to the MCVH
Mainframe Computer configuration was presented. The need to in-
crease the capacity of the present system has occurred as a result
of :
Greater than anticipated demand for the TDS system and
system overhead;
growth/enhancement of existing applications;
implementation of new systems;
additional information about expected demand for the Spec-
trum patient accounting/registration system being installed.
On motion made and seconded, the approval to proceed with
the procurement action for an initial upgrade to a 3090-300E costing
an estimated $500,000 or an IBM 3090-200J if the price is similar,
was approved.
A major review by the Joint Commission on Accreditation of
Healthcare Organizations will be held December 7-12. A report will
be given to the Board following the Joint Commission's completed
review.
On motion made and seconded, the Report of the Hospital
Committee was accepted.
Mr. Farinholt reported for the Finance and Investment Com-
mittee. The Banking Services contract award was discussed. The
Finance and Investment Committee authorized the issuance of a Re-
quest for Proposals for Banking Services at its May 17, 1990, meeting. The purpose of the RFP is to contract with one bank for trans-
actional service needs to replace the current multi-bank structure.
Banking services covered by this contract relate only to those funds
11
managed by the University which are not initially deposited in the
State Treasury.
Proposals were solicited from banks having a full-service
branch in the City of Richmond, having an account for receiving
deposit transfers to the Treasurer of Virginia, having F.D.I.C.
insurance and being an approved depository under the Virginia Secu-
rity for Public Deposits Act. Five proposals were received for
consideration from : Central Fidelity Bank, Crestar Bank, Dominion
Bank of Richmond, Signet Bank and Sovran Bank. It was recom-
mended to award a five-year contract with two one-year renewal
options to Signet Bank. The contract will stipulate the right of the
University to cancel the contract, in whole or in part, without
penalty, upon 60 days' written notice to the bank. On motion made
and seconded, the Contract was awarded to Signet Bank with
Messrs. Siegel, Gregory and Wurtzel abstaining.
The University is committed to maintaining the existing
relationship with a minority-owned or controlled bank. The Universi-
ty's continued involvement with a minority-owned or controlled bank
will be as follows : Interest-bearing demand checking account for
$50,000; and a Certificate of Deposit for $100,000. It was recom-
mended that the $100,000 Certificate of Deposit be increased to
$200,000. On motion made and seconded, the recommendation was
defeated with Mr. Townes abstaining. On motion made, seconded
and approved with Mr. Townes abstaining and Mr. Meador objecting,
it was recommended to continue the University's present relationship
with a minority-owned bank and to request the Administration to
12
present additional information at the next Board meeting concerning
what VCU's future involvement will be with a minority-owned bank.
A revision in the Policy on Investments in South Africa was
presented. On motion made and seconded, the following policy was
approved:
The Board of Visitors supports the divestiture of investments (stocks
or bonds) in U.S. domestic companies with direct investments or
employees in the Republic of South Africa and, accordingly, adopts
the following policy :
1. No further investments shall be made in U.S. domestic
companies with investments or employees in the Repub-
lic of South Africa.
2. Any present investments in U.S. domestic companies
with direct investments or employees in the Republic of
South Africa shall be divested using fiscal responsibil-
ity with respect to timing.
The Consolidated Budget Performance Report for the quarter
ended September 30, 1990 was reviewed. Revenues collected during
the first quarter, as a percentage of total projected revenues, were
0.7 percentage points ahead of last year's first-quarter collections.
Year-to-date expenditures represented 27.2% of projected annual
revenues compared to 26.1% of actual revenues last year.
Representatives from Cambridge and Associates, Joel
Mangham and Charles Sherman, gave an overview of the Performance
of Management for the past fiscal year.
On motion made and seconded, the Report of the Finance
and Investment Committee was approved.
Mr. Gregory reported for the Inaugural Committee which met
on October 18, 1990. The Inauguration will be held on April 6, 1991,
at 11:00 a.m. in the Mosque. The budget was unanimously approved
13
by the Committee for $50,000 (all private funds). The Subcommit-
tees are all working on different phases of the Inauguration. The
Committee will meet again on December 3, 1990. On motion made and
seconded, the Report of the Inauguration Committee was accepted.
Mr. Meador reported for the Property Committee which met
on November 1, 1990, at 11:00 a.m. On motion made and seconded,
the Minutes of a Meeting held September 12, 1990, were approved. A
lease for Classroom and Storage Space at the Fine Arts Center was
presented. The renewal of the lease is for 70,786 square feet to
accommodate the School of the Arts' departments of Ceramics and
Woodworking (22,848 square feet), and to provide general storage
space (47,938 square feet). The location is 601-603 West Main
Street; lease terms are October 1, 1990 - September 30, 1993; rental
rate is $394,581.50 annually ($2.75 per square foot of storage space;
$11.50 per square foot of class/lab space). On motion made and
seconded, the lease of Classroom and Storage Space was approved.
A Resolution authorizing conveyance of an Easement on
Hanover County Property to Virginia Natural Gas, Inc. was present-
ed with a recommendation not to approve. This Resolution would
grant Virginia Natural Gas the perpetual right, privilege and easement of right of way fifty (50) feet in width to lay, erect, con-
struct, operate and maintain one or more lines of underground con-
duits, pipes and mains for the purpose of transporting and distribut-
ing natural gas. After discussion, it was decided that more informa-
tion would be needed before approval of this Resolution. On motion
made and seconded, the Resolution was tabled.
14
A status report on the MCV Steam Plant was presented. A
Comparison of Coal and Natural Gas-fired plants indicates that:
A Coal-fired plant would cost $16,900,000 more in project
costs than gas ($12,200,000 more in equipment).
In the Richmond area, coal achieves parity with gas in total
plant costs in about the 24th year of operation.
The use of coal as a fuel in Richmond will pose significant
Federal environmental obstacles as compared to gas.
The City of Richmond consistently opposes a coal-fired plant
in the environs.
A Prospectus on a Research Park was presented. There are
a number of issues which should be considered to determine whether
a Research Park should be developed in the greater Richmond area.
The University plans to hire an outside consulting firm to
determine the feasibility of developing a Research Park. It is
essential that this study include an evaluation of the commitment
level of local organizations and governments about the idea of devel-
oping a research park. Additionally, this report will included an
investiga-
tion into just how attractive the Richmond community, including the
expertise of VCU faculty, is to prospective companies moving to
Richmond.
MCV Campus Parking Deck - Preliminary plans are pending
Highlights from the Capital Project Status Report were presented
approval of the Division of Engineering and Buildings.
Estimated completion date - 1/92.
Sophia and Nathan Gumenick Suites -Phase II, Main Hospital,
9th Floor - Construction - is sufficiently completed.
Streetscape - MCV Campus - Phase I Construction - 40%
15
complete. Estimated completion date - 11/90. Phase II
revised drawings are pending approval by the Division of
Engineering and Buildings.
Ambulatory Care Facility - 11th and Clay Streets - Schematic
drawings are pending approval by the Division of Engineering and Buildings. Estimated completion date - 8/92.
.
Student Commons, Phase II - Working drawings are pending
approval by the State Division of Engineering and Buildings.
Project is anticipated to be bid for construction late Octo-
ber 1990. Estimated completion date 9/92.
Tennis Courts Renovations - Air supported structure - pre-
liminary drawings are pending approval by the State Division
of Engineering and Buildings. Estimated completion date -
11/91.
On motion made and seconded, the Report of the Property
Committee was approved.
Dr. Moore stated that the report of the Special Awards Com-
mittee, which met on November 1, 1990, would be made during executive session.
Mrs. Epps reported for the Student Affairs Committee which
met on November 2, 1990. On motion made and seconded, the Min-
utes of a Meeting held September 12, 1990, were approved.
Mrs. Epps discussed meetings held with the students. She
stated that they had been informative. Dr. Wilson stated that the
student concerns were : lack of recreational facilities, the noise
factor during study hours in the residence halls, security issues
along with security at the Tree House Residence Hall, and the atti-
tude of the Henrico Police.
The 1990-91 Work Plan was discussed. On motion made and
seconded, the Work Plan for 1990-91 was approved.
16
It was suggested that the Presidents from each of the Stu-
dent Governments be invited to attend the Student Affairs Committee
meetings if schedules permit.
The Athletic program was discussed at the Committee Meeting and Dr. Sander was present and introduced members of his
coaching staff. Dr. Sander discussed the Sun Belt Conference,
NCAA, and his coaching staff and their achievements and future
plans. Dr. Sander will be invited to the January Committee Meeting.
Dr. Trani discussed his two luncheons with the students.
One of the main concerns of the students was the busing issue to
the Tree House Residence Hall. Dr. Trani reported that he had
taken a ride on the bus and that they were looking into the situa-
tion. There will be a meeting of the Graduate Students next month.
On motion made and seconded, the Report of the Student
Affairs Committee was accepted.
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 evaluation of performance of departments or schools of
VCU where such matters regarding such individuals might be affect-
ed by such evaluation including Faculty Appointments and Changes
in Status, Full and Consultative Hospital Privileges, the Quality
Assurance Report, the Quality Assurance Plan, Audit Reports of
individually identified departments and/or schools, and to discuss
the condition, acquisition or use of real property of the University
and Foundations, and to discuss legal matters, active and recently
resolved litigation and probable litigation with its attorney, and to
17
discuss matters relating to gifts, bequests, and fund-raising activi-
ties including a Development Report, 1990-91 Total Private Support,
Post Campaign Development Plan, NEH Challenge Grant Status Re-
port, Governmental Relations Report and to discuss matters relating
to honorary degrees and special awards as authorized by Section
2.1-344 a(1), a(3), a(7), a(8) and a(10) of the Virginia Freedom of
Information Act.
Following executive session, the following Resolution was
approved by roll call vote :
Virginia Commonwealth University hereby certifies that, to
the best of each member's knowledge, (i) only public business mat-
ters lawfully exempted from open meeting requirements by Virginia
law were discussed in the executive meeting to which this certifica-
tion resolution applies, and (ii) only such public business matters
as were identified in the motion convening the executive session
meeting were heard, discussed or considered by the Board of Visi-
tors of Virginia Commonwealth University.
Roll Call Vote : Ayes Nays
Dr. French H. Moore, Jr. (Rector) X
Mrs. Nina F. Abady X
Dr. Thomas J. Berenguer X
Mrs. Rozanne G. Epps X
Mr. James B. Farinholt, Jr. Absent during voting
Mr. Jack H. Ferguson Absent
Mr. Roger L. Gregory X
Dr. William E. Holland X
Dr. Harry I. Johnson, Jr. X
Mr. Eric M. Lipman X
Mr. Richard L. Meador X
Dr. Clifton L. Peay X
Mr. Stuart C. Siegel X
Mr. Clarence L. Townes, Jr. X
Mr. F. Dixon Whitworth, Jr. X
Mr. Alan L. Wurtzel X
Vote :
Ayes : 14
Nays: 0
ABSENT DURING MEETING: 1
ABSENT DURING VOTING: 2
18
Following executive session, on motion made and seconded,
the Board accepted the Report of the General Counsel; approved
Faculty Appointments and Changes in Status; approved Full and
Consultative Hospital Privileges; approved the Quality Assurance
Plan, approved the Quality Assurance Report; approved the Gift-in-
Kind; accepted the executive session committee reports; accepted the
Report of the Special Awards Committee; and accepted the Report of
the President.
The meeting was adjourned at 1:20 p.m.
J mes B. rinholt, Jr., Secretary
Approved:
French H. Moore, Jr., Rector
