small (250x250 max)
medium (500x500 max)
large ( > 500x500)
• • C E N T R A L M t CHI ~ A N U N t V E R S I ~ Y BOA ROOF T R U S TEE S ~cember 17 -18. \992 • • • • • .. cent ral Michi gan Uni ve rsity Board of Trus tees Mt. Pleasant . Michigan December 11-18. 1992 Members present: Dr . Gordon N. Lambie. Chair; Hr. Mitchell D. Kehetian; Mr. Roger L. Keascler: Hr. Robert P. Younq. Jr . ' ; Or . Leonard E. Plachla. Hr. Hartin H. Cholakian; Mrs. Margaret Ann Riecker; Interim President. M~her R ~bRent: Mr . Ronald L. Rrnwn, Mr. W. ~Iriney Smith. "Mr. Younq was present at the December 18 meetings. Also ettendinq : Dr. Richard W. Davenport, Acting Provost; Hr . A. Kim Ellertson, Tre" ,,"r!!r of the Ro<ord "nd Vic":e Prellident for RUBi nA"!; 'Ind Fimmce; Hr. Russell L. Herron, Secretary to the Board of Trustees and Vice President for University Relations; Hr . James L. Hill, Vice President for Student Affairs. The "",et;ing WII" cltll ",d to ord .. r by Chllir l,ArN)i", lit 6:10 p.m. on Oec .. mber 11, 1992, for th .. sole purpose of hearing the President' s report: access to CMU and higher education, quality, higher expectations of students, faculty, and staff. The mPe tlng reces6ed at 1:16 p.m. The meeting reconvened at 8:56 a.m. on December 18, 1992. It was moved by Mrs . Riecker , seconded by Me. Young, Ilnd carried, that the Board IIIOve Into dOlled sell,:ion t() dlf!cu1\f! 6trategy c:onnec:t~d with c:ollactive ba rgaining and to consult with our attorney regarding st r ategy in connection with pending liti<;lation. The Board returned to open session at 10:31 a.m. MINU'I'I':S: It was moved by Mr . Youn<;l, seconded by Mr . Kesseler, and carried, that the minutes of the October 16 . 1992 . meeting be approved. 2865 It \oIas lPOVed by Mr. Choialtian . seconded bv Mr. young. and carried. that the followi09 resolution 9ranti~ emeritus rank to Michael P. Carey , Director , Pl ac ement ~nd Car&er [nfo~t ion Center , he ~dopt~d. WHEREAS. Michael Carey has devoted 25 years of service to Central Michigan University. servin') as administrative aslistant t o the vI<:. pr •• oId"nt for public flervi<:e!ll from \Cjfl7 - flCj , liS 1I .... ocilllt~ director of the Placement and Career Information Center fra. 1969-88. and as itl director from 1988 to the present; and WHF.RFAS, H~ h", .. flervP.d t h. ~nl lage pl lll~emP.nt ~v~nt lit the stllte and national level . significantly inspired Lhose \oIhe have work.d for and with him in their professional responsibilities, and earned the re!llpflct o f hi .. ~ollft"9'le .. ; and WHeREAS. He has helped thousands of university students in their pursuit of a career throughout Michigan and the nation ; and WHFRFAS, He hll!ll hf'llped nUmerOl.l1I lIr:hool admlni&trlltors In t.helr coree r pursuits and hiring needs ; and WHER!AS. He h"8 served as e role model in ethic. "nd int*9r1ty through hili dedl<:flted lIarvice lit Centrlll Mlchlglln Univerlllty; "'nd WHEREAS. He profession!ll "f! rved '''' II therefore has participaLed on univerllLy connlLtees. in "ssocietions. and in COIItDUnity or9anizaLionll. and role moiIf'll In f!thics lind Integrity; Now be It RESOLVED, That Lhe Board of Trustees, on behalf of the university cOlllftlln l ty , expreslles apprecilit ion and gratlt.ude t.n Mlcheel P. CII r fly for his cont ributions t o Centrel M1ch19an Univer sily end eXLe nds Emeritus renk. It WIIR moved by ~ rll. A.leckp.r, s~nd&d by Mr. Chnl llklan, lind cllrr led , thilL the following resoluLion granting &meritus rank to Mary Lou Mi ller. Office Manager . Placement e nd Career Inf o rmation Center. be edopted. WHI'RF.A5 , Me r y 1.0\1 Miller hilS served Centrel Michigan I1nl. vftrlll t.y lind the PlacemenL and career Info r1lll!.tion Center for 25 years. for 23 yeers as Office Manager; and WHFRF.AS, She hlill been infl tnl_nt lll In tho development tll'\d t.ple!DentaLion of meaningful chenges in the practices a nd proce dure. o f e placemen t of (ice which has grown significantly in the scope o f Its r&lIponlllbil iLl ftll and lIervlces; lind , ... • • • • • • Emeritus Renk continued WHF.A.F.AS, She hes lNIlnt:lllned Lhe highast level nf profftllslonlllism lind mainLeined involvement in issues rel"ting t o edmi nistr e t o r s end pro fessio nals et Centrel Michigan University by serving on lone AP Ct\lm<: I I; lind WHI'.REAS. She has IIdvenced Lhe cause of college end university plecement within Michi9an through her ective perticipetion lIS II. -.mber lind office r in t he Michlgi'ln (".olleg& lind Unlverslt_y Plllc&ment Associetion ; How be it therefore RESOLVED, That the Boar d of Trustees. on behalf of the university c:o .... lIllnlty. f'lxprasllell IIpprf!<: l lItion lind g r lltl t udf! to Ma ry J.ou Miller for her _ny contribuLions to Centrel Michigan University end eXLends Emer itus r enk . NAMING OF F~CrLITY : ( Uni veril i ty Relations ~l ttee) It \oIaB moved by Mr . Cholakian . seconded by Mrs. Riecker. and cerr ied . LhaL Lhe ( allowing r esolution be adopted. " ... TT R ... SOLVF.D, Thllt t hf! r.onfftrence r OOlll In the AlulMl KouS8 b@ named the " Alumni Association Conference Room" La recogn12e financial suppor t given by Lhe Alumni Association Board of Dlre<:t_orll during the Centannlill (".....paign. Uni versity Reletlons committee report : Cerol Hyble. di rector / Aiumni Relations. new elumni progr~ . 8UDGRT R~STS FOR 1 993 -~ : (Vi nance ec.mittee) 11. was .oved by Hr. Kesseler. lIer.onded by Mr. Cholakian. and carried. thaL Lhe following resolu t ion be adopted. RP. IT RP.SOLVY.D , Thllt thft Preslden! Is lIuthorl>;ftd to lIutJ.iL to the Department o f Manegement end Budget. 1993-94 budget request documenLs [or capi tel outlay and oper"tin~ appropriations. A copy of the fiMl documents will b@ on file In Lhe Office of the secreLar y . '86' ACCEP'I'AHCIt 0 .. GIFTS FOR REMAINDER or 1992 : ( Fi nanee Coaaitt_) It was moved by Mr. Kesseler . seconded by Mrs. Riecker. and carried. that the following resolu t ion be adopted. R~ TT RI'.SOT.Vlm, Thllt the P .... llld .. nt or hili d .. lIlgnfl<! III lIuthorb:oo On behalf of the Board o f Truste.s to accept any gifts to the University during the r~inder of calendar year 1992. ORI ENTATION ~: (Pi nanee ODmmit t_) It was moved by Mr. Kesseler. second.d by Hr. Cholakian. and carried. that the foll~ing resolution be adopted. SF IT RI':SOT.VPO, '!'hllt the N.w !ltuden t Ori .. nt"tlon F~ ill Inc ... t"lI.d from $75 to $85. effective for students entering Fall 1994. I NVKSTIIKN'I' POMCY; (rinancl!I CarIIIIittae) It was moved by Mr . Kesse ler. seconded by Hrs. Riecker, and carried, that the following resolution be adopted. BE IT RESOLVED, That the Central Michigan University Inveabl'lent Policy ell .. evilioo lind dlltoo Dac~r 18, IQQl, Is "dopted. Central Michigan University Inves~nt Policy An investment manager may be appointed to execute the policy and invest the assets in accordance with this policy and the agreement between the Unive r sity lind the I nvellt.ment IIIIIn"gllr. !lubjact t.o thi" pollr.y lind "uch ag reement, thfl i nvestment Mnager is accorded full discr etion to (1) select Individual securities, (2) make periodic adjustmentl to the structure of the portfolios, and (1) d lvl'lr"l fy the II/Uleta In the endowlNmt porttolla nnd In th. pooled cllllh portfoUo. unrestricted M8rketable Securjtlee Investment securities received frOB donors with no restrictions as to use a re recorded i n the Development Fund. Gener811y, the intent is to sell these secur ities and Make the cash available [or General Fund purposes . '868 • • • • • • . . . Inve.t.ent Policy continued Gifts of c8sh or IIISr ketable securities r estricted by the donors for specific purposes and for which only the income lIIlIy be expended are recorded in the Endowment Fund. Calh 11 usually invelted imnediately in ~ stock, bonds, or oth.r _rket.able "ecur I t 1 .. 11. '!'h. fl rst c:onliiderllt Ion \ n el'ldowmoent fund investmentl is to a dhere to the donor ' lf wishes concer ning t he retention of a pa r ticular IIISrketable security. Othe .... iBe, the Investment PoUcy will guide the IIIIInl'lgenwmt of the IIflCurlt.l .. s t o IIIIIxhnl:P.e totlll rfltu r n within lin IIcceptllhle level of rilk in order to keep pace with inflatiOnary trends . Th. following endowment guidelines have been developed t o aid in the selection of endowment assetl . 1. ,. \1:qulty invellllnflnt" ghould liNk to 8chleve "uperlor long-tertii capit,,1 gain" by purchasing public equities that a r e per ceived to have low market value relative to the firm ' s assets and ear nings stream. The secur ities should fMlxilniz .. totlli retu rn wit hin lIn IIccf!ptllhl. level of rlllk In ordf!r to ke.p pIIce with inflationary trends. The ove rall structure of the fund should be a growth fund. The equity aaaeta should be appropriately diverlified lind the fund IIhnuld not h"ve WIre thlln 2<; perc.mt In any nne Industry sector . Bond investments should seek t o achieve returns by investing i n all typel of flftr.u r itlOlfl th"t hllve " !It,,ndard fi. Poor ' lI rating of "A" or bo:!tter or 1'1 Moody ' s Investors service rating of "A" or better. ) A Il\aJCllnum of 70 percent of the total funds invested can be invested in flqUl t i ell. ,. s. A l118Xil'lllllll of 40 pe rcent of the lotal f unds inv .. sted can be invested In bonds. FlvOl percent of thOl fundfl muflt bit invellted In eagh Or r.""h equiv"\ent,,. Invelt.ent. of Pooled cash The maximum amount of available cash in excess o[ normal operating needs II to bit InveRt .. d In Incomo'l-bellring I nll t nllll8nt& to ,,_k the IMx\lIII.m return lIv"ll"ble at the lowest poslible risk . The p r eservation of prinelpel over rides any considerat ion of apprvciation of principel. Equity investments shall be made in securities offer ing above average yields to reduce the downside risk in week equity markets . Allowable investments include: convertible bonds, convartiblA p r AfOlrred stor.k" nnd oonmon " t ocks whleh nfr~ r above aver age dividend yields. The equity lnvestalents shell be appropriately diversified and securities should be issued by f inancially lound companiel. The I'Imount of pooled r.IIRh Inves t eel In f'<Jl.lty securltlell IIhll11 bf! dflte rm ln8'd by t he CMU Vice Pt6sident fo r Bus i ness a nd Finance . '86' • . . Investment Pol icy continued tnvestaentl of Pooled Cash - Short-Term The following guidelines are to be followed in the lelection of financial In" trumantA ",nd the 80Urcell to be URf'd for th .. InveRt_nt of snort-term pooled cash. 1. 2. ,. •• 5. 6. 7. •• g. 10. 11. 12. The selectionl of a specIfic source and the specific instrument. are to be ~"f'd on c h",nq l ng markat conditions for the price of monay. The investJlent in financial instruments lIIIIy b. those issued by any financial institution (broker, bank, etc .) o rgan ized under Federal or S t ... t .. l"w. FUnds available are to be Invested in instruments which are conver tible into cash at any time. At no tl_ purr.hllol'e prlv"tllly pl"ced cOll"ll'larcl",1 p"p9r or bondll with greater than an overnight maturity. /io more than 15 percent of the total invested is to be inve.ted in i nstnlRllmtJl which mature 111t.er th",n 180 d"'YII. No more than $3 mUlion of the total invested is to be investeCl in one institution. 1.w .. "lJIwtntll In btlnk .. "'lit l'I.'Ive " 'I'honpson R"nk" ... tch rating of "8" or bett.er. Confil1!latlon of credit ratings !!lUst be lllade before the purchase of r l nan..,l .. l inlltnlment.s. In c~l1ance with Article IX, Section 19 and 20 of the Michigan Constitution, investment In instruments hsued by any financial Inst.ltutlon orgllnl7.eO under Pederlll or !;tate law, III not to exceed 50 percent of the net worth of that institution. Invest.ll!ent in cOlllDe!;."cial Pllper is not to exce-ed 50 percent of the total fund .. InveRted. No more t han 10 percent of the total funds aVllilable for inveat~nt are lO be invested in any single company issuing commercial paper. Also, the ..:onna rclal pllper "hould have II rlltlng of PrimA I, AI, Or 1'"1 (1111 ulled by Moody. Standard' Poor's or Fitch). The inves~nts in securities with maturities greater than 180 days shall meet the following quldellnefi. The Nltunty of /lIny lIer.tlrlty or aversge life of any pass-through security shall not exceed five years. /io more than 50 percent of such funds shall be lnvetted 1n securities with mIIturitleli Or IIverage 11v~1I longe r than three ye .. r ll. All bondll lIel8eted 2810 • • • • • • D. ". 15. continued IIhall h ... ve a quality rating of -A" or better ... s used by Standard. Poor'. or Koody's. The average quality of such securities shall boI "MAIM". The __ !mum lI!!lOUnt invested in corporate bonds shall not exceed 35 percent of the total fund" I nveRted. The Invest.lnent per Ctmtll'deli set forth opply at the tima the investment instruments are purchased. Subject to the "hove reRtrictiom., RMrt-te ... pooled caRh Invest_nts. _y include in addition to U.S. Govern.ent and agency obligations. IIIIIrketable corporate bonds, debentures, coamercial paper, certificates of d~it, lind other fixed Inca. lIecuriU .. 1I daemo>d pnldent by the Inve"'t.ment manager. tlot.ification will be sent to the CMU Vice President for ausineas IIOd !'" In",nce when flnllncl",1 I nstrument.R fill \ bo:tlow the TnveRt_nt Pol i<:y Guidelines and cannot be sold. The Vice President will also be notified if the sale results in a loss in excess of $100,000 . Monthly Report At the end of each month. a pooled cash and endowment infonnlltion: report will be prepared showing the status of the investment pools and disclosing the following 1. ,. ,. •• Amounts and percentage invested with each lssuer (name. type, interest rate. ~turity date, amount). A IIU_ry of thot amount lind Pf'r" .. ntll9ot Inv",,,,tlild In "ot..,h type of instrurtlent. . Amount ~nd percenta98 inves ted by maturity dates. Vlold of fundR Inv""tftd . 5, InvestJnent lncana accrued for the month and incOll'l8 accrued year-to-date. The report will also show any variances between actual investment income "''''rned lind projected Inve"t."!Tlt In".- II10ng with ftny revlRlonR to the original project.ad invefl:blent inc..... The report should also contain CKU's performance relative to the measur~nt indices listed below. Inv .s~nt of Pooled Cash - Shor t-Tsr. It ls expected that the annual total return of the short-ter. investments of poolPd cftllh with ""'turlt.leR 1.0"" than 1M d",y .. "h",ll f'xread t ... performance of 91-day Treasury bIlls and the total return of securities with maturities greater than one year shall exceed the return of the 2811 . . • I nvestment Policy continued Merrill Lynch 1-) Year Composite Bond Index over a )-year moving period. Th .. r .. t.urn of th .. total port.fol io of "hort-term investment. .. of pooled cash shall exceed an index comprised of the 91-day Treasury Bills and the Merrill Lynch 1-) Year Composite Bond Index weighted on a 50/50 basis over ~ J-yAar movlnq period. Investments o f Pool Cash - Equity It is expect ed ths t the t o t a l return of equity investments of pooled cash "hllil .. xr. .... d thA rAturn o f th .. Lipper £qult.y Tncome Fund Tndex ov .. r ... movi ng three-year time period. Invea~nt of Endowment FUnd '!'he "ndowment. F'und wi 11 bf'!! eva I ""t.ed verSUS the '!'ncB Un I verse of Manager s with s imilar asset mixes a nd will be expected to rank above the median with no more than average risk, over a moving) year period. Further, it Is Axpec:t .. d t.hAt. ov .. r a "",rk .. t r.yr.l .. the tot.al return of the equities h .. ld in the portfolio shall exceed the s~p 500. Fixed income investments shall e xceed the return of the Lehman Government/Corporate Bond Index. Cash equi Vl'J\ents "hall exr.eed the ret.urn of the 91-day '!'rellRUry Bills. 12-1B-92 'f'KLP.C'OtIMl.DITCA'rIONS RQUIPM'I!H'I': (Fi n"ne. Cormi ttee) It was moved by Mr. Kesseler, seconded by Mr. Young, and carried, that the following resolution be adopted. BE IT RESOLVED, That an upgrade to SuperNode for our SL· IOO NT· 40 swlt.ch be purchalloo from Amerite<:h Inf ornll'ltion SYlltftmS fo r II" amount not to exceed $548,)62. RX'I'ERNAL AUDITOR: (Fi nllnc" ec.....itt .... ) It was moved by Mr. Kesseler, seconded by Mr. Cholakian , and carried, that the following resolution be adopted. BE IT RESOLVED, That the Board of Trustees authorizes the Vice Pre~idfmt for R"l<I"eSIl and Finance t.o engllge the ""dit fil", of Ernsl & Young to provide the University independent audit services for a five-year period commencing with the 1992-9] fiscal year. 2812 • • • • J \ I I • • EAS!lI!NT/SAL!. TO MICHIGAN OONSOLlDATED GAS COMPANY: (Finance Calai tte.e) It was moved by Mr. Kesseler, seconded by Hr. Young, and carried. that the fo11owin9 re"Olutlon be lldopted. BE IT RESOLVED. That the President or his designee is authorized to 8iqn the bill of sale transferring and conveying underground n"t"r"l g"" plplnq lind rel"t .. d f"cllltl .. " .. ,.t .. nning hPt., .... " t-h .. outlet of HichCOn's central meter and the outside wallis) of university building(s) that are currently supplied natural gas from thlll _t.er loc"tlld lit Central Mlchlg"n Il"iverllity Washir19ton IIpts., 1601 South washinqton. Mt. Pleasant, HI 4BB5B: Be it further RESOLV£D, That the President or his designee 18 authorized to qrant., convey and warrant to Mjchlgan Consolidated r~1I Company Bn easement to operate, lIIlIintain. inspect. alte r and repair the underground natural gall piping and relatoo facilities described herein. The snle and easement to Michigan COnsolidated Gas company are for the sum of $1.00 and other valuable conllideration. TRAFFIC CONTROL ORDeR: (Fi nane8 eo..i tt .... ) It was moved by Mr. Kesseler, seconded by Hr. Young. and carried, that the following resolution be adopted. BE IT RESOLVtD, That the following trllfflc contr ol order III adopted . Traffic Control Order 92-14 That the speed limit on East Campus Drive between Preston Str eet and Broomfield Road be reduced from ]5 to )0 miles per hour. Any vehicle in violation of this order shill I be in violation of "An ordinance to r~vern and Control Pa rking, Traffic, and Pedestr ian" at centrlll Michigan Unive r sity ." I t was moved by Hr. Kesseler, seconded by Mrll. Riecker, and carried, that the. (ollowi ng resolution be adopted . BE IT RESOLV£D, That the Provost or his designee is authorized to enter int.o II subcontract with Mich l9An St"te University for lqcj2-9) to allow continued par ticipation in the. Michigan Partne r ship for !'lew Education. 2873 PRESIDElftlAL <XlMP!ltSATIOtI : (Finance cc.a1ttee) It was moved by Mr . Kelleler, seconded by Mr . Young, and carried, that the following re$Olution be ~dopted. WHEREAS. The soard of Trustees is very sat.isfied with the perfOClMnce of Prelident Plachta dUrirog the p!llt year, and the ~rd wl~he~ to ~n~~te t he president in ~ ~nn.r thAt reflect_ hi. job perfo~nce, and the .arket value of the job ; Be it hereby RESOLVED, That the Chair of the Board of Trustees is authorized to (!ntf!r Into II deferred r:Oft!)ftn~ ... tlon IIgreerr>ent wlt.h Pr .. sldent Plachta with an initial funding of $20 .000 under the terms and conditions of the agreement; Be it further RESOLVED, That eondltlons of employment will be amendad and executed with the deferred compensation agreement. Pinance COmMittee report: inveatment activity for September 1992. SPECIAL RRSOutrTOM: It was moved by Kr. Kess.ler, seconded by Mr. Young , and carried . that the following resolution be adopted. WHERF~S, M~rgar.t Ann Rlscker has served as a member of the Central IHchigan Univeraity Soard of Trustees since Septe!l'ber of 1914. a period encompassing .ore than 16 years; and WHP.RF.AS, Mrl!. IIIec:kAr has, during th~t tilDA, been eilicted three times as chair. once as vice chair. and nume~s timea as chair of every conceivable Trustee ~ttee; and WHP.lleAS, Hf!r tenn of sarvlr:. hilS Included the administrations of five CMU president. and the growth and maturity of the University'. campus and itl programs; and WHP.RF.AS, !lUring good ti_s and bad, Mrll. Rlecker has bean a "CUre. of perspective. thoughtful counsal. stability, gene ['osity and le!tderahip; and WI!'.RI".AS, !'th .. hllK <:onKIK!enlly 1_"" ~nl .. modal ro~ he r coll."g""" In that roost difficult of a['eas; distinguishing policy making from administration; NOW, 'MlERP.JI'ORF., Her fellow Trustees, on behalf of the entire faculty, suff and student body. extend to Ranny RieckeI' their gratitude for her many contributions, and the thoroughly deserved tltla of CMU Tn'fll:.a. P.marltu ... 2814 • • • • • • It was DJVed by Mr. Young, leconded by Mr . Cholakian, and carried, that the following resolution be adopted. BE IT RESOLVED, That the Doctor of Philosophy in Hiltory and the Doctor of 'PhllollOphy In ~t.h_,nlc il be .lItabllllhAd. HClHORARY DEGRU: (Aca~c Affaira CC-ittee) It was n>ved by Hr . Young, .econded by Mrs . Riecker, and carried, that the following resolution be lldopt.ed. BE IT RESOLVEO, That t he Board of Trustees approves the awarding of an honorary degree at the December 1992 commencement ceremonies to: Bobby Wlll l llm AUI!tl.n Ooctor of Puhlle Sfervlc:e DECEMBER 1992 GRADUA1IotI LIST : (1tcad_ic Affair. cc.a1ttee) It was moved by I'll'. Young, aecQnde<l by Mr •. Riecker, and carried, that the following rellOlutior !If'I ..dnptf'>d • BE IT RESOLVED. That the list of prospective graduates for December 1992, upon certification of the Registrar and acceptance by the AclldeMlc Sen"t", DR IIpproved. Acade.ic Affairs ec..itt_ report.: Scott, chairper.on/academlc senat.e. l .... v.s and t.en"r. rf!colmllmdatlon ... Richard Davenport. acting provost; Jl.e The ~ttee also di.cussed sabbatical The following resolution sdepted by the Academic Senate on De<:8/IIber 15, 1992. was read into the reeord. WHERF.AS, l'Iilrgsr.t Ann (lllInny) IIleckRr willi first I'Ippolnt.I!d to the Soard of Trustees of Central Michiqan University i n 1914 with reappointments in 1976 and 1964; and WHP.RP.Al>, Tr'URt.e Rlecker hllR ".rved with five different. preRld .. ntlJ o f the university; and 'IfH!REAS, Trustee Rieeker hal served as chairwoman of the soard of Trustee" for five t"'MmR, lind at many timeR during her elqhteen·yellr tenure on that board hal been the lole woman trustee; and 2m continuad WHEREAS. Trustee Riecker has workad tireleuly to promote and advance the excellence of academ1c progrMlB at Central Michigan 11nlverslty, IIml t.hull h"'l1 remelned II IItelldfllllt t r lend ot the t;!lelllty and student. of that university; and Wti£REAS. After cCJqlleting these eighteen years of service to the IIniVflrtlit.y, Trulltee Rlecker hll" decided not to "eek lInother appointment to the Board of Trust ... ; BE IT THERlFORE RESOLVED. That the ACl!demic Senate of Central M\t:hlqlln IInlverlllty. rflpresentinq the un!ver"lty ' li dep8rtmenta, llbraries. colleges. and the Provost and President. extenda its thanks for these eighteen years of service and friendship, and wlshel< '1'nlllt.@@ Rlecker hllppinelill lind IIlIc..,ellll In ;!Ill of her future endoavors. Student Affairs Connlttee nporta: Sheryl Spivey, di rector/financial aid ; !\t_ephen Nicholllll, preliident.!lItudent gove r nment 1I1111Ot:illt.lon. Trustee Keheti!!n reported that MAGB is pl!!nning to host panel discuuions regarding the COlit of higher educlltlon In thr .... key lncllUon .. IIcrOSIi the stllte. He also reminded pfIOple of the awards CQnvocation being held April 7. at the Kellogg Center On KSU ' s campus. and noted new officers for l~J: Barbllra sawyer (~!;U), Chlllr; Chllrl!!11 DJrtilis (SVSlI), Vice Chair; Gordon ' .... mble (CMU), '1're;!lllll r e r . PERSONNEL : It was moved by Mr. Young, seconded by Mr. Cholakl;!ln. and carried, that the perwnnf! 1 trllnllllc:t Ions IIppollrl ng on PIIges I-I"} of the Oeclln'lb@r IIg&ndli bA approved. GUTS: It was moved by Mr. Kesseler. seconded by Mr. Cholakian. and carried, that gifts received durlnq September In the amount of $132 .882 and during October In the amount of $252.412 be accepted with appreciation. 2816 • • • • • • ~: tt wal moved by Mr. Kelseler. seconded by Mr. Cnolakian. and carried, that grants IIwllrded dllring Octnb4l!r - Novf!'lllbAr in the IllMUnT of $4"}1,SOO bot IIcc:epted. The .eating adjourned at 11:20 a.~. Russell L. Herron secret ary to the soard of Trustee. 2871
Click tabs to swap between content that is broken into logical sections.
|Creator/Author||Central Michigan University. Board of Trustees|
|Title||Board of Trustees Meeting Minutes|
|Description||Minutes from December 17-18, 1992 Central Michigan University, Board of Trustees meeting. Meetings are held bi-monthly and are comprised of the President, Board of Trustees, and invited guests. Meetings are held to discuss major projects, plans, and concerns within the Board and university.|
|Subject/Keywords||Central Michigan University. Board of Trustees; College publications; College trustees – Michigan;|
|Copyright Permission||Copyright 1992 by Central Michigan University. This material is copyrighted and any further reproduction or distribution is prohibited.|
|Audience||CMU faculty, staff, and students|
• C E N T R A L M t CHI ~ A N U N t V E R S I ~ Y
BOA ROOF T R U S TEE S
~cember 17 -18. \992
cent ral Michi gan Uni ve rsity Board of Trus tees
Mt. Pleasant . Michigan
December 11-18. 1992
Members present: Dr . Gordon N. Lambie. Chair;
Hr. Mitchell D. Kehetian; Mr. Roger L. Keascler:
Hr. Robert P. Younq. Jr . ' ; Or . Leonard E. Plachla.
Hr. Hartin H. Cholakian;
Mrs. Margaret Ann Riecker;
M~her R ~bRent: Mr . Ronald L. Rrnwn, Mr. W. ~Iriney Smith.
"Mr. Younq was present at the December 18 meetings.
Also ettendinq : Dr. Richard W. Davenport, Acting Provost; Hr . A. Kim Ellertson,
Tre" ,,"r!!r of the Ro