MINUTES OF THE EXECUTIVE COMMITTEE
OF THE BOARD OF TRUSTEES OF THE TRUSTEES OF PURDUE UNIVERSITY
December 15, 1996
The Executive Committee of the Board of Trustees of The Trustees of Purdue University convened at 3:45 p.m. on Sunday, December 15, 1996 in the office of Treasurer Ford, Room 242, Hovde Hall, pursuant to call of Committee Chairman Jesse and to prior notice by Public Notice of the date, time and place of the meeting as required by law, given by Mrs. Doris Pearson, Secretary of the Corporation.
Present in person were Trustees Jesse and McGinley. Trustee Townsend participated in the meeting by conference call. The meeting was held in Treasurer Ford's office in Hovde Hall. All doors to the office were open during the meeting. Also present were President Beering, Executive Vice President and Treasurer Ford, Vice President and Assistant Treasurer Bums, Vice President Sautter, and Director Dale Daniels. Mrs. Roseanna Behringer acted as secretary of the meeting.
APPROVAL OF RATE INCREASES FOR UNIVERSITY RESIDENCE HALLS AND GRADUATE HOUSES FOR 1997-1998.
Treasurer Ford had mailed to each Trustee a detailed analysis and proposal for increasing rates in the Residence Halls and Graduate Houses (copy filed with Minute Material). He pointed out that the conceptual plan for a 4% average increase was reviewed and approved by the Finance Committee (11/22/96).
The Treasurer told Trustees that the University's residence hall operation is one of the best in the nation. He pointed to the dedicated and hard work of the management staff to serve their customers~the students. They have been both conservative but willing to change. A good example of change is in the food service area where students can now take their meals in any hall; they can select among three options of 20, 15 or 10 meals per week; and they can spend part of their board dollars at the grill or m the minimart. The Treasurer commended the management of the University Residence Hall System for their willingness to introduce and manage change.
Vice President Sautter reviewed the proposal and analysis and called Trustees' attention to items of particular significance.
Vice President Sautter recommended the detailed listing of rates by room type which on average represent an increase of $83.74 per semester (4.08%) in Residence Hall rates, effective August 11, 1997; and an increase of $56.50 per semester (4.02%) for Graduate House rates, effective August 11,1997. (Specific rates stated in proposal filed with Minute Material.)