Notification of Board of Trustees Actions
Additional meeting information is available by contacting the Board Office at ums.trustees@maine.edu.
July 15, 2024 Board of Trustees Meeting
During a meeting of the Board of Trustees on July 15, 2024 at the University of Maine the Board approved the following actions:
Redlined Board Policies
The Board of Trustees approved the final version of the edited Board Policies 207, 208, 210 and 211 as initially presented in redlined form at the May 2024 Board Meeting and provided at the July 2024 Board Meeting materials in final form.
Approval of University of Maine System 2025 Honorary Degrees
The Board of Trustees approved the 2025 nominations for Honorary Degrees as presented.
Frederick Hutchinson Center, Belfast, Maine
The Board of Trustees accepted the recommendation of the Finance, Facilities, and Technology Committee, and authorized the University of Maine System, acting through the University of Maine, to transfer or sell the Frederick Hutchinson Center located in Belfast, Maine, with a permanent carve-out for technology. All final terms and conditions of the transfer or sale agreement are subject to review and approval of the University of Maine System Treasurer and General Counsel.
Ground Lease Authorization, UM, Beta Theta Pi Fraternity
That the Board of Trustees accepted the recommendation of the Finance, Facilities, and Technology Committee and authorized the University of Maine System, acting through the University of Maine, to enter into a ground lease for the land at 12 Munson Rd, Orono, Maine, with Beta Eta Chapter House Association for the term of thirty years with all final terms and conditions subject to review and approval of the University of Maine System Treasurer and General Counsel.
Food Innovation Lab, UM
That the Board of Trustees accepted the recommendation of the Finance, Facilities, and Technology Committee and authorized the University of Maine System, acting through the University of Maine (UM), to expend up to $4,461,000 for the renovation and addition to the Keyo Building for the construction of a new Food Innovation Lab.
Level-3 Direct Current Fast Chargers Land Lease Authorization, UM & USM
The Board of Trustees accepted the recommendation of the Finance, Facilities, and Technology Committee, and authorized the University of Maine System, acting through the University of Maine and the University of Southern Maine, to negotiate and enter into a new lease agreement with Gridwealth EV, LLC (or its designee) for two small areas of university property, one at UMaine and one at USM, for the installation of level-3 direct current fast chargers for a total of up to twenty-one years upon review and approval by General Counsel and the Vice Chancellor for Finance and Administration.
Request for Proposal – Financing Services Award
The Board of Trustees accepted the recommendation of the Finance, Facilities, and Technology Committee, and authorized the University of Maine System to execute and deliver the Master Equipment Lease/Purchase Agreement with Banc of America Public Capital Corp, as lessor, and separate schedules for the acquisition, purchase, financing and leasing of certain equipment and ESCO agreements pursuant to the negotiated contract terms resulting from Request for Proposal #2024-062; authorizing the execution and delivery of other documents required in connection therewith; and authorizing all other actions necessary to the consummation of the transactions contemplated by this resolution.
Sustainable Aquaculture Workforce and Innovation Center (SAWIC), UM
The Board of Trustees accepted the recommendation of the Finance, Facilities, and Technology Committee and authorized the University of Maine System, acting through the University of Maine, to expend up to $1,500,000 for the continued design of an approximately 14,200 square-foot facility to house the Sustainable Aquaculture Workforce and Innovation Center (SAWIC).
Lease Authorization Request, UMA – Maine Community College System/Southern Maine Community College
The Board of Trustees approved the recommendation of the Finance, Facilities & Technology Committee and authorized the University of Maine System acting through the University of Maine at Augusta to extend the lease of 7,434 square feet with the Maine Community College System/Southern Maine Community college, with an initial period of one year with the possibility of two 2-year extensions at a total cost not to exceed $550,000; with all final terms and conditions subject to review and approval of the University of Maine System Treasurer and General Counsel.
University of Maine (UM) Electrical Infrastructure Upgrade/Renewal Financing, Project and Reimbursement Resolution Authorization
The Board of Trustees accepted the recommendation of the Finance, Facilities, and Technology Committee, and approved the Financing, Project and Reimbursement of Project Expenditures resolution to authorize the University of Maine System, acting through the University of Maine, to fund an Electrical Infrastructure Project to make crucial upgrades and renewal of the University of Maine’s electrical infrastructure with a project total of up to $25,000,000, using financing with a maximum principal amount of debt of $25,000,000.
Confirmation of Boards of Visitors Appointments
The Board of Trustees confirmed the Boards of Visitors’ appointments for 2024-2025, as presented.
Confirmation of Student and Faculty Representatives
The Board of Trustees approved the appointment of the Faculty and Student Representatives to the Board of Trustees as presented.
CONSENT AGENDA
Acceptance of Minutes
The next meeting of the Board of Trustees will be held at the University of Maine at Farmington on September
15 -16, 2024.