SBHE BFC February 14, 2017
North Dakota State Board of Higher Education
Budget and Finance Committee
Meeting Notice and Agenda
February 14, 2017
The State Board of Higher Education Budget and Finance Committee will meet via conference call, Tuesday, February 14, 2017, at 9:00 a.m. CT. The call will originate at the North Dakota University System Office, 10th Floor NDUS Conference Room, 600 East Boulevard Ave., Bismarck, ND 58505.
Call to Order
*See supporting document #action required +discussion needed =information only
1. * # Agenda
2. * # Meeting Minutes - January 17, 2017
3. * # Policy 505 - International Student Health Insurance
4. * # Policy 605.3 - Nonrenewal Termination or Dismissal of Faculty
5. * # Authorize UND to proceed with various remodeling identified to repurpose
the former SMHS building at an estimated cost of $3,300,000 to be funded by $1.3 million in extraordinary repair funding and $2 million in appropriated funds. Approval of additional classroom space will only be considered after completion and approval of a strategic plan, as well as the portion of the master plan related to facility needs for programs.
6. * # MaSU requests authorization of a resolution approving:
a) The issuance of not to exceed $3,000,000 State Board of Higher Education of the State of North Dakota, Mayville State University, Housing and Auxiliary Facilities Revenue Refunding Bonds, Series 2017A, for the purpose of refinancing the outstanding MaSU Housing and Auxiliary Facilities Revenue Bonds, Series 2010 (Build America Bonds), maturing on and after October 1, 2017, and paying the costs of issuance of the Series 2017A bonds;
b) Authorize the execution of a Supplemental Indenture of Trust, Bond Purchase Agreement and Related Documents;
c) Authorize the MaSU President and Vice President for Business Affairs to approve the sale of the bonds (Series 2017A) provided that the true interest rate not exceed 5%, provided the present value of the debt service savings is not less than 3%. The approximate final date upon which the principal amount of the obligation will mature or become payable is October 1, 2029; and
d) Appoint the firm of Arntson Stewart Wegner PC as the bond counsel and AMKO Advisors, LLC (Independent Municipal Advisors to Government) as the municipal advisor.
7. * # Authorize NDSU to proceed with the Elevator Replacement Project at Reed
Hall at an estimated cost of $279,000 to be funded from auxiliary local funds.
8. = Preliminary Room and Board Rates and Fees - Dave Krebsbach
Contact Kristie Hetzler at (701) 328-2966 or Kristie.email@example.com prior to the scheduled meeting date if auxiliary aids or services are needed.