University of North Florida
Board of Trustees
September 10, 2013
Osprey Commons, Talon Room at 10:30 a.m.
Bruce Taylor, Hugh Greene, Carlo Fassi, Fred
Franklin, Joy Korman, Rad Lovett, Oscar Munoz, Joannie Newton, Lynn Pappas,
Myron Pincomb, Gordon Rakita, Lanny Russell
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.
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.
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.
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
Taylor asked Vice President Shuman to present this item.
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.
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.
Taylor opened the floor for questions. Trustees asked for clarification on the
MOTION. Vice President Shuman provided clarification.
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
adjourned the special business meeting at 11:42 am.