AGENDA

The Meeting was called to order by Chairman Ketchum after determining a quorum was present.

II.      Swearing In New Members

Judge David Pancake swore in recently appointed board members. The following new members were sworn in: Farrell, King, Perry, Noble, Sottile. One new board member, Seth Murphy, was sworn in when he arrived after the meeting had commenced.

III.     Introductions

Menis Ketchum introduced Homer Preece, the Director of the Mid-Ohio Valley Center thanking him for allowing the Board to use the center to hold the board meeting. Mr. Preece introduced the Center’s Advisory Board Members and local legislative dignitaries that attended the meeting.

IV.     President’s Report

Dr. Kopp also thanked and complimented Mr. Preece on the facility.

Dr. Kopp discussed:

1) The legislative interim session regarding salary increases.

2) Thanked the SGA for Hurricane Katrina donations collected at the SMU football game. He commended Michael Misiti and Nicki Brown and the entire student body of Marshall University for their efforts.

3) Enrollment appears basically flat at this point in time. Non-resident students have increased by 47. Working on strategic plan in Enrollment Management. Process moving forward.

4) Biotechnology Building - project is on schedule. Acknowledged the efforts of Mike Meadows.

5) Reported on the Press Conference regarding Vandalia.

6) Possible creation of Endowed Professorships.

7) Constitution Week and John Marshall’s Birthday. Celebrations will be held 9/19 through 9/23/05. During the week of September 19-23 the West Virginia Court of Appeals will hold court on our campus. Professor Jean Edward Smith will speak at the dinner event about John Marshall.

8) Marshall day of Service - Saturday, September 17, 2005. MU students and administration will be cleaning within a 5 mile radius of campus.

9) Speaking Engagements - spoke at WV Business Summit.

10) Student Blood Drive - 182 units of blood given by students.

11) Honorary Degree or Commencement Speaker - Dr. Kopp asked each member of the Board that if they want to submit or recommend a name to be considered for an Honorary Degree or as a Commencement Speaker, that they send the recommendation to Sarah Denman.

V.      Senator Lanham

Senator Lanham discussed the recent special legislative session as it related to salary increases for higher education and the support of the Ohio Valley Bank for the additions to be constructed at the Mid Ohio Valley Center.

VI.     CTC President’s Report - Vicki Riley

Vicki began by thanking everyone for their support.

1) Enrollment is 2,345 students. She thinks the Community College will meet its goal of a 3% enrollment increase. Currently they are down in full time enrollment, but up in part time enrollment.

2) Our Accreditation Focus Visit is October 31st.

3) Hired a Dean of Academic Affairs from WV State (Janet Amos). She will bring her to a future meeting to introduce her.

4) Camp Dawson donations by Community College - filled a tractor trailer full of supplies in conjunction with the School of Medicine.

5) Online - Special Tuition Rates.

6) Celebration on September 26th with the State Police Academy. Twenty years in program to help train police.

VII.   Mid-Ohio Valley Center - Homer Preece

Mr. Preece gave a PowerPoint presentation about the Mid-Ohio Valley Center.

VIII. Committee of the Whole

Update of SB 603. Michael McGuffey gave a handout containing 51 matters that 603 addresses which are being worked on by the administration.

The meeting was then turned over to Finance Chairman Perry who informed the Board that SB 603 allows Marshall University to invest up to $18 million with the Marshall Foundation. He introduced Common Fund, a 501C3 Organization, that desires to handle these investments for the Foundation. They work with the MU Foundation currently. Mr. Perry discussed Marshall’s proposed Investment Policy for the investment of this money.

Common Fund was represented by Laurie Bagley. Laurie gave a PowerPoint presentation and discussed Common Fund’s investment strategies for the Foundation and other universities.

Mr. Perry moved to approve the Investment Policy, seconded by Mrs. Gibson. Motion approved.

Mr. Perry moved that the Board of Governors delegate the formation and execution of an investment contract with the Foundation to the Executive Committee of the MU Board of Governors and the Executive Committee be allowed to approve and execute an investment contract with the Foundation. Mrs. King seconded. Unanimously approved.

Seth Murphy arrived at this point in the meeting and Menis Ketchum swore him in as a new board member.

IX.     Report of Committee Chairs

1) Finance, Audit & Investment Committee, A. Michael Perry, Chair

Mr. Perry presented the following resolutions:

a) A resolution approving the acquisition, construction, refinancing and equipping of certain additions, improvements and renovations for the Marshall University Mid-Ohio Valley Center. Upon motion by Mr. Perry, seconded by Mrs. King, the Board voted to approve the resolution.

b) Resolution approving the reimbursement to Marshall of $2.7 million which it advanced on the Biotechnology Center from the Lottery Bond proceeds of $6.9 million for the Biotechnology Science Center/Development Center. Upon motion by Mr. Perry, seconded by Mrs. Gibson, unanimously approved.

c) Resolution approving the transfer of all Marshall property currently titled in the name of the Higher Education Policy Commission to Marshall University. Upon motion by Mr. Perry, seconded by Mr. Shell, unanimously approved.

d) Resolution approving the Capital project list for Marshall University for FY 2006-2007. Upon motion by Mr. Perry, seconded by Mr. Shell, unanimously approved.

e) Resolution approving the Capital project list for Marshall Community and Technical College for FY 2006-2007. Upon motion by Mr. Perry, seconded by Virginia King, the MU resolution was approved.

Thereupon, Herb Karlet presented the Internal Audit Update as an informational item.

2) Academic Committee, Verna Gibson, Chair

a) Enrollment Opportunities Analysis was presented as an information item by Sarah Denman.

b) Higher Learning Commission Recommendation of a Request for Change was presented as an information item by Sarah Denman.

3) Medical School Committee, Brent Marsteller, Chair

a) BRIM Self-insured Retention Program. Upon a motion by
Brent Marsteller, seconded by Perry, this item was approved subject to approval by legal counsel.

b) Also discussed was the pre-opening of the Joan C. Edwards Cancer Center taking place on September 30, 2005.

4) Athletic Committee, Robert Shell, Jr., Chair

a) Athletic Policy is under study and will be presented for approval at the next meeting.

5) Community & Technical College Committee, Tish Chafin, Chair

a) An update was given regarding the upcoming accreditation visit and the status of the contractual agreements with Marshall University.

X.      Executive Session under the authority of WV Code § 6-9 A-4

Mrs. King moved that the Board proceed to Executive Session, seconded by Mr. Perry, which motion passed. After a discussion in executive session, Gary White moved that the Board adjourn from Executive Session, seconded by Brent Marsteller.

XI.     Adjournment

There being no further business to bring before the Board, the meeting was adjourned.
 

Respectfully submitted,
Verna K. Gibson, Secretary