UA-R-GC-1914-01-01-1988-02_Page-038

11:00 A.M. Trustees Room J\UC AOJ\RO OF TRUSTE~S I ll':V 1':r.OPMFN'I' C()r~M j'I"!'EF MINUTES (;J/7.9/0n) Fe';). 3, 1988 v-7eclnesdilY In l\ttendance: Mr. Crary, Mr. lIe<'llund, Mr. Hia,ht, Mr. Hyde, Mr. Hayes , Dr. Khalil, Dr . Toenfer, Dr. J\llam, Dr. Brown, Dr. Pc l owski , Mrs. Miller, Mrs. If. Ct'Llio, Mrs. Desforges, Dr. Pedersen, Dr. Shatlil, Dr. Lamont 2. Minutes from the last meetina were approved. 3. ' Mr. Hedlund rerorted thut 30 to 40 cotnpilnies had been ,.'ontactec.1 in th e Nev .. York area to rene'.'! pledoes. No morley has been receivl :1 yet, but tesults are encouraoino. Pepsi-Co, J\tn e ric~n Express, ~nd rAM are partic~lur tilr00ts. -1. 001:'1111 torv Project. Dr.' Pedersen s UJl1mar izec1 t.he status of the project .1'(le buildi nq permit was obtained a yea r aGo. US/AID has a0reed to finance 60~ of the est imated cos t of ·the project, but 1.3 million dollars must sti~l b~ raised. Th i s projoct '. is the top rlJll(]-t' ui~;ifl(f priori.ty fo(' capital and cnc1ovJ[Clcnt fUlld s . Unfo rtunate ly, the arch itec t s badly underestimated t)'.e tota l cost of th e projec~ a nd the con~ractorsl bids are much hiqher than expected. It was suqges'ted that the p~an to build faculty 'housing at the LO;' qf the bui lding be abandoned, but then alternative hou s ing will have to bl found a nd f undi ng reneqotia~ed. There is also the alternat{ve of leaving e c buildinq unfini shed while usirig the lower floor~. Tile [i.r.st ()hj0ct: !.;!lOlll.c1 110 [,() 11l :lk0 " COITl!llit.1l1ent to r;'isinq tll('~ ,'l c:(li t j onn l money (an incrcD. s e fr.om :f.l.3 million to $7..6 million) and s,iqninq a co n t!:'act with one of the lower-biddfnq contractors. It was pointe ~ out, howeve r, that the estimates should be checked, and perhaps costs c(~lld h e lowered by bids for buildinq from bids for furni s hinq. There was al: () sc'e di scu ss ion about the merits of central v s. unit oir conditioning. It vIa s aq rc ed that if the 10\--Ier bids prove d satisfac' or:y t :'lC l30ard should increase its [utlc1inq no,,! [(,0111 ::'1.3 lilil1i,on to about $7..6 l"lilli ')n, hut: if only the hiqlll.' l' bids \"(~ J' C ~~;)tL~ r (,ctory t ilt' pt'ojcct would I'ave t. ,) IJ(! r.c'-(':y. <lm in~ d . The cOlTlmi ttee ogreed to ma ke this recomrn c mlo ti.on to the Be lard. 5. Library· Enc1()w]Il0.n t s Lj~ br dry e ndovnne n t i s the second hinhes t cuoital/endo\ll11e nt f und-raisinq qoal. The qoa 1 i,s to i llcrc>"sc: tltP C' l\ do ·.·.~ n (' nt to $1 milliOII . J\UC C,l n ex::<::ct b c t:\"cen :f.3 S0 - SOO t ll o \ : !~ .llld fnlll! t' ll(~ r·1r:CIIlIC Fo undD.tion in ,\ c ll i'll l e ll CiC fir-ufl!: