UNC Trustees Approve Easement, Discuss Presidential Search
February 7, 2018
In the lone action item at its special meeting Wednesday, Feb. 7, the Board of Trustees approved a property easement for a utility company to replace a gas pipeline to UNC’s heating plant on east campus.
The strip of land, approximately 50 feet long by 10 feet wide, specified in the easement will allow the local natural gas provider Atmos to replace the line and connect the new line to UNC’s central heating plant.
Trustees, joined by the presidential search committee, then adjourned into executive session, pursuant to C.R.S. 24-6-402 (3.5), to discuss confidential information relating to potential candidates. The committee, consisting of faculty, student and staff representatives, was formed last fall and tasked with assisting in finding the successor to UNC President Kay Norton, who announced her retirement in September. The board will meet with search committee Feb. 14 to continue reviewing candidates. Trustees are expected to announce a finalist by the end of the spring semester.
Following the special meeting Wednesday, the board’s Finance and Audit Committee met and received a state update from UNC President Kay Norton and financial update from chief financial officer Michelle Quinn.
On the state front, Norton said the governor’s budget remains unchanged. As it stands now, it would provide a $2.9 million increase next year in state funding for UNC while capping in-state tuition at 3 percent.
Quinn presented the second-quarter financial results for the year that were the subject of a memo from Norton that was sent to campus Monday. She also advised the board that the administration would be considering bringing a resolution to trustees at their next meeting that would grant authority to refinance bonds if the conditions are right.