MINUTES OF THE EXECUTIVE COMMITTEE
OF THE BOARD OF TRUSTEES
OF THE TRUSTEES OF PURDUE UNIVERSITY
MAY 10, 2004
The Executive Committee of the Board of Trustees of the Trustees of Purdue University (Messrs. McGinley, Hardin and Townsend) convened at 8:00 a.m. on Monday, May 10, 2004 in Room 203, Hovde Hall, pursuant to call of Committee Chairman McGinley and to prior notice by mail from Kenneth P. Burns, Treasurer of the Corporation. Public notice of the date, time and place of the meeting as required by law was given by Mrs. Roseanna Behringer, Secretary of the Corporation.
Trustees McGinley, Hardin and Townsend participated in the meeting by conference call. Present were President Jischke; Executive Vice President and Treasurer Burns; University Vice Presidents Bennett and Kjonaas; Legal Counsel Benton; Director of Strategic Planning Mukerjea; and Secretary Behringer.
I. APPROVAL OF FEES AND CONCEPTUAL BUDGET PLAN FOR FISCAL YEAR 2004-2005.
President Jischke reviewed with the Committee a one-page Summary of Proposed 2004-2005 (FY2005) Student Fee Rates and Conceptual Budget Plan, which had been mailed to them prior to the meeting (copy filed with Minute Material). He stated that student fee and tuition increases have been proposed at 4% for residents and 6% for nonresidents at the Purdue-West Lafayette, IPFW, and PU-North Central campuses, and at 4% for both groups at PU- Calumet. Relative to compensation, all campuses will utilize a 2% merit pool allocation for compensation increases. Special increases based on exceptional merit and/or market considerations may be granted through specific allocations and/or further reallocation.
After discussion and upon proper motion duly seconded, the Executive Committee unanimously adopted the fees and conceptual budget plan as presented.
II. APPROVAL OF CHANGE ORDER FOR FORT WAYNE STUDENT HOUSING.
Vice President Kjonaas brought fonward a request to approve a proposed change order for the Fort Wayne Housing Project. This project was authorized by the Board on November 22, 2002 (XXIII), with a budget of $28,000,000. The contract for construction was approved by the Board on April 4, 2003 (XXV) and the contract for constmction awarded to M. W. Builders, Inc. in the amount of $17,546,000.