October 18, 2016 Regents Meeting Minutes-Conference Call

STATE BOARD OF REGENTS
BOARD OF REGENTS BUILDING, COMMISSIONERS OFFICE
CONFERENCE CALL
TUESDAY, OCTOBER 18, 2016

EXECUTIVE COMMITTEE MEETING

MINUTES

Regents Present
Daniel W. Campbell, Chair *
France A. Davis *
Jesselie B. Anderson
Ty Aller
Robert S. Marquardt
Robert W. Prince
John H. Zenger

*Those whom appeared in person

Office of the Commissioner
David L. Buhler, Commissioner of Higher Education *
Kimberly L. Henrie, Associate Commissioner for Finance & Facilities *
Rich Amon, Assistant Commissioner for Business Operations *
Loreen Olney, Executive Secretary to the Board of Regents *

Institutional Staff
Val Peterson, Utah Valley University

Chair Campbell called the Executive Committee to order at 12:30 p.m. Roll was called and a quorum established.

Utah Valley University-Property Acquisition (TAB A)

Val Peterson noted the property is one mile from campus. Chair Campbell questioned the appraisal because it is the exact amount of the purchase price; did the purchase or appraisal come first? Val Peterson did not have the answer but noted there were four other offers; UVU had first position. Chair Campbell asked for clarification of space and opened floor for questions. There were no additional questions. Chair Campbell noted the property is strategically located and that is good. Commissioner Buhler recommended the purchase.

It was moved by Vice-Chair Davis to approve as outlined in TAB A. The motion was seconded by Regent Zenger. The motion was unanimously approved and carried.

Val Peterson expressed his appreciation. The meeting adjourned at 12:39 p.m.