University of North Florida
Board of Trustees

  • Special Meeting
September 10, 2013
Osprey Commons, Talon Room at 10:30 a.m.


Members Present

Bruce Taylor, Hugh Greene, Carlo Fassi, Fred Franklin, Joy Korman, Rad Lovett, Oscar Munoz, Joannie Newton, Lynn Pappas, Myron Pincomb, Gordon Rakita, Lanny Russell

Members Absent

Sharon Wamble-King

Item 1 2014 Legislatively Granted Merit/Retention Bonus

Chair Taylor asked Mr. Leonard Carson, special labor counsel to the university, to speak about this item.


Mr. Carson stated that the purpose of this item was to seek approval for a bonus payout plan for the legislatively authorized on-time lump sum bonuses of $600. He clarified that the university’s three bargaining units, (1) the American Federation of State, County and Municipal Employees, (2) United Faculty of Florida, and (3) the Police Benevolent Association had all reached agreement on the bonus plan. Mr. Carson also clarified that the legislatively granted bonus was authorized for the three bargaining units and for the Administrative and Professional employees and non-unit faculty.


Mr. Carson provided details on the methods that would be used to distribute the bonus for each constituent group. He clarified that the bonuses would be paid in June 2014.


Chair Taylor asked for a MOTION for approval of the 2014 legislatively granted merit/retention bonus. A MOTION was offered by Trustee Russell and seconded by Trustee Fassi. The MOTION was carried as presented.

Item 2 East Park Property

Chair Taylor asked Vice President Shuman to present this item.


Vice President Shuman provided details on the proposed purchase of a lot with a 67,000+ square foot warehouse and associated parking in the EastPark industrial park north of campus to provide new space to house UNF’s Physical Facilities unit.  She reported that moving Physical Facilities to the EastPark warehouse would make Buildings 5 and 6 available for additional academic space within the core campus.  She noted that the 2010 master plan updated projections showed a 50 percent increase in the required space currently in use by Physical Facilities.


Vice President Shuman addressed proposed funding for the project, noting that the purchase price would be $2.7 million.  An additional $1.8 million would be required to make needed improvements to the property to accommodate the desired parking and interior layout.  She outlined details on proposed financing.  The UNF Financing Corporation would finance the purchase of the property with a 10-year conventional third-party mortgage.  The Financing Corporation would lease the property to the university for a 10-year term with an option to extend for another 10 years. Rent would be funded from auxiliary funds.  The Foundation would make an unsecured loan to the Financing Corporation of up to $1.8 million for improvements.


Chair Taylor opened the floor for questions. Trustees asked for clarification on the MOTION. Vice President Shuman provided clarification.


Trustee Russell moved that the Board (1) approve a lease for a 10-year term from the University of North Florida Financing Corporation for a warehouse and associated 5.1 acre parcel on Central Parkway, immediately north of campus, for centralized storage and warehousing, and associated office support for UNF’s Physical Facilities unit; and (2) endorse the  acquisition of the warehouse and parcel by the University of North Florida Financing Corporation, for $2.7 million plus closing costs, funded by conventional, third-party financing, and (3) endorse the loan for improvements to the property up to $1.8 million from University of North Florida Foundation, Inc. to the University of North Florida Financing Corporation. Trustee Fassi seconded the MOTION. The MOTION was carried as presented.

Item 3 Adjournment

Chair Taylor adjourned the special business meeting at 11:42 am.