1. Pledge of Allegiance
2. Public Comment

Speakers are requested to limit their comments to two minutes. Groups with similar comments are requested to identify one spokesperson.

3. Chairman of the Board Kyle Hybl
4. President Bruce Benson

1. Regent Audit Committee - Regent Michael Carrigan
2. Regents Awards Committee - Regent John Carson
3. Capital Construction Subcommittee - Regent Glen Gallegos
4. Intercollegiate Athletic Committee - Regent Glen Gallegos
5. Laws and Policies Committee Report - Regent Steve Ludwig
6. Strategic Planning - Regent Linda Shoemaker
7. Regent Emeriti Activities Report - Regent Griego

1. Faculty Council Chair - Prof. John McDowell
2. Staff Council Chair - Denise Thomas
3. Intercampus Student Forum Chair - Chelsea Mitchell

1. Approval of Consent Agenda
2. Approval of Minutes for: Feb. 18-19, 2016
3. Award of Tenure (1) - University of Colorado Boulder (APPROVED)
4. Sabbaticals (48) - University of Colorado Boulder (APPROVED)
5. Sabbaticals (45) - University of Colorado Denver | Anschutz Medical Campus (APPROVED)

6. Term Contract for Head Women's Basketball Coach (Ali-Marie Payne) - CU Boulder (APPROVED)

Recommended Action

RESOLVED that the Board authorizes the Chancellor to execute a multi-year employment agreement for Ali-Marie Payne as Head Women's Basketball Coach for the period April 5, 2016 through April 30, 2021;

RESOLVED that the Board finds that this multi-year employment agreement is necessary to hire Payne in the position of Head Women's Basketball Coach in light of the prevailing market conditions and competitive employment agreement practices nationwide for head women's coach in basketball. This multi-year employment agreement is subject to the provisions of state law, and the Laws and Policies of the Board of Regents.

RECOMMENDATION FROM: Chancellor Philip DiStefano

STATEMENT OF INFORMATION:

This action, if approved, would be an agreement to employ Ali-Marie Payne as the Head Women's Basketball Coach for the University of Colorado, Boulder campus. The agreement is a multi-year agreement, commencing on April 5, 2016 and scheduled to end April 30, 2021. This Agreement shall supersede the Offer Letter dated March 25, 2016.

Term: The length of the contract is five (5) years.

Base and Supplemental Salary: Under this multi-year employment agreement, Payne's initial annual base salary is $175,000, which reflects adjustments available to all CU-Boulder's exempt employees. Her annual supplemental compensation is as follows:

Supplemental salary for public relations and fundraising: $40,000 initially and increasing to $65,000 in the final three years of the contract
Community outreach: $40,000 initially and increasing to $65,000 in the final three years of the contract
Basketball camps: $45,000
Automobile stipend: $600/month
Country club membership: $6,000

Additional Incentive Salary Related to Competitive Success:

a. $20,000 if the Women's Basketball team wins the Pac-12 Conference Regular Season Championship;
b. $20,000 if the Women's Basketball team wins the Pac-12 Conference Tournament Championship;
c. $10,000 if named Pac 12 Coach of the Year;
d. $20,000 if the Women's Basketball team participates in Round 1 of the NCAA Tournament;
e. $30,000 if the Women's Basketball team participates in Round 2 of the NCAA Tournament;
f. $30,000 if the Women's Basketball team participates in Sweet 16 of the NCAA Tournament;
g. $30,000 if the Women's Basketball team participates in Elite 8 of the NCAA Tournament;
h. $50,000 if the Women's Basketball team participates in the NCAA National Championship Semifinals;
i. $50,000 if the Women's Basketball team participates in the NCAA National Championship Finals;
j. $150,000 if the Women's Basketball team wins the NCAA National Championship.

Allowances:

a) Tickets. up to ten (10) season tickets to home games for women's basketball, and eight (8) season tickets to home games for both men's basketball and football.
b) Nike. an allocation of NIKE products, through the Nike Elite Program, of a value of up to $3,500 per Contract Year so long as the NIKE Sponsorship Agreement is in effect.
c) Tax Reporting. The university will report items a and b above as income in accordance with University policy and procedures on the tax treatment of such items.

Liquidated Damages: If Payne leaves before the end of the term, she will pay the sum of $250,000.

Claim by Payne for Termination without Cause: The contract provision regarding the maximum amount of damages Payne may claim if the University terminates the agreement without cause provides that Payne shall be entitled to claim damages in an amount which may not exceed $350,000 per Contract Year for the remaining term of the Agreement. The damages in the year in which Payne was terminated will be prorated based on the amount already earned in Base Salary and Supplemental Salary, so the maximum payout of salary paid and damages will not exceed the yearly total salary amount. It would also require her to seek employment and offset any subsequent compensation earned as a head or assistant coach at any level of competition.

The agreement also pays Santa Clara University $250,000 for termination of Coach Payne's employment agreement with that institution.

This multi-year employment agreement is necessary to hire Payne in the position of Head Women's Basketball Coach in light of the prevailing market conditions and competitive employment practices in the PAC-12 Conference and nationwide.

PREVIOUS ACTION(S):
None.

7. Term Contract - System (Todd Saliman) (APPROVED)

Recommended Action

RESOLVED that the Board of Regents authorizes the president to execute a four-year term contract for Todd Saliman, in the position of vice president for budget and Finance and Chief Financial Officer, commencing April 5, 2016 through July 1, 2020; and

RESOLVED that the Board finds that this multi-year employment agreement is necessary to retain Saliman in the position of vice president for government relations in light of the prevailing market conditions and competitive employment agreement practices nationwide. This multi-year employment agreement is subject to the provisions of state law, and the Laws and Policies of the Board of Regents.

RECOMMENDATION FROM: President Benson

STATEMENT OF INFORMATION:
The terms of the contract are virtually identical to the previous contract, but it has been modified to create a new four-year term and to update the salary.

PREVIOUS ACTION(S):
On June 21, 2012, the Board of Regents approved a four year term contract for Todd Saliman commencing July 9, 2012 through June 30, 2016.

8. Appointment to the University of Colorado Hospital Authority Board (April Jones - 6th Congressional) (APPROVED)

Recommended Action

RESOLVED that April Jones be appointed to the Board of Directors of University of Colorado Hospital Authority from the 6th Congressional district for a term effective May 1, 2016 and continuing until April 30, 2020 (or until her successor is appointed by the Board of Regents).

RECOMMENDATION FROM: Chancellor Don Elliman, University of Colorado Anschutz Medical Campus, consultation with President Bruce Benson.

STATEMENT OF INFORMATION:
The General Assembly of the State of Colorado enacted Senate Bill 91-225 (codified in Colorado Revised Statutes sections 23-21-501 through 23-21-604) which created the University of Colorado Hospital Authority (“Hospital Authority”), established the Board of Directors for the Hospital Authority and authorized the Regents of the University of Colorado to appoint the Board of Directors.

Colorado Revised Statute section 23-21-503(2) states that a Director shall be appointed from each Congressional district, one of whom shall reside west of the Continental Divide, that the appointment of the Directors from the Congressional districts shall be subject to the advice and consent of the Colorado State Senate, and that not more than four Directors shall be employees of the University of Colorado or of the Hospital Authority.

April Jones' appointment will require the advice and consent of the Colorado State Senate.

PREVIOUS ACTION(S):
This will be April Jones' first term on the Hospital Authority Board of Directors.

April Jones Resume

1. Information Item: Academic Affairs Ad hoc Committee - Regent Sue Sharkey

2. Action Item: Revised Strategic Plan 2012-2020 - Our Commitment to the Future - 2016 Midpoint Revision- UCCS - Chancellor Shockley-Zalabak - 15 minutes, 5 minutes Q&A

RECOMMENDATION FROM: Chancellor Pam Shockley-Zalabak, with the concurrence of Interim Provost Teresa "Terry" Schwartz, Senior Vice Chancellor for Administration and Finance Susan Szpyrka, Senior Vice Chancellor for University Advancement and Development Martin Wood and Vice Chancellor for Strategic Initiatives Charles Sweet.

STATEMENT OF INFORMATION:
A midpoint review and revision are necessary of the current UCCS 2012-2020 Strategic Plan: Our Commitment to the Future, to guide the campus to a successful completion of this plan and to be current by the time of the UCCS Higher Learning Commission Accreditation visit in November 2016. The revision process for the current plan involved expansive participation among members of the institution - staff, faculty and administrators - including input from members of the Board of Regents. The need continues to exist for a collaboratively created updated strategic plan to direct the future goals and development of the campus to meet the expanding roles in the local community, region, state and nation. Several small group meetings, an all-campus forum, and an email vetting provided opportunities for cooperative input to determine any necessary revisions to the current UCCS strategic plan. This revised strategic plan garnered support from all groups involved in the process.

PREVIOUS ACTION(S):
On February 19, 2016, an overview discussion was conducted with the Board of Regents regarding the proposed areas of revision to the UCCS Strategic Plan 2020, including roundtable discussions on select topic areas.
On June 21, 2012, the Board of Regents approved UCCS's Strategic Plan 2020: Our Commitment to the Future. On April 19, 2012, an overview discussion was conducted with the Board of Regents regarding the proposed UCCS Strategic Plan 2020.
On June 12, 2007, the Board of Regents approved Coming of Age in the 21st Century: UCCS Strategic Plan 2007-2012.
On June 4, 2005, the previous strategic plan for UCCS was approved by the Board of Regents.

3. Action item: New MS Degree in Computational Linguistics, Analytics, Search and Informatics - CU-Boulder

RECOMMENDATION FROM: Chancellor Philip P. DiStefano, with the concurrence of Provost Russell Moore.

STATEMENT OF INFORMATION: The Computational Linguistics, Analytics, Search and Informatics MS at Colorado (CLASIC) will be a stand-alone professional Master's of Science degree that is interdisciplinary by design, run jointly by the departments of Computer Science and Linguistics. The inter-disciplinary nature of the program will appeal to employers because success in the steadily growing field of Natural Language Processing (NLP) requires a strong background in both areas. Our graduates will be specialists in the application of computers to the processing of natural languages (as opposed to simply computer programming languages) and will gain a solid background in both theoretical linguistics and computer science, particularly in machine learning. They will be adept at both the theoretical and applied aspects of NLP.

Applications at other universities with similar programs exceed admissions, often by many seats. At CU-Boulder, demand continues to increase dramatically for graduate courses in the Computational Linguistics degree. Many current students pursuing a BA in Computer Science are also pursuing double majors or minors in Linguistics, indicating student desire for interdisciplinary training and a strong undergraduate applicant pool for the MS degree. The field of computational linguistics, also known as text analytics, natural language processing and informatics, is burgeoning and becoming not only mainstream but is also in high demand by major companies like Google, IBM, Microsoft and Amazon, and local companies like Pearson Knowledge Technologies and Boulder Language Technology.

PREVIOUS ACTION(S):
The Ad Hoc Academic Affairs Subcommittee reviewed this item at its meeting on March 14, 2016 and recommended approval by the full Board at the April 5-6, 2016 meeting.

CLASIC Executive Summary CU-Boulder.pdf (376 KB)
CLASIC Regent Proposal March26-2016.pdf (221 KB)
CLASIC_Institutional_Endorsements_CU-Boulder.pdf (498 KB)
CLASIC support letters.pdf (72 KB)

1. Public Meeting Resumes

1. Information Item: Budget Proposal FY 2016-2017 - VP Todd Saliman

2. Action Item: FY 2016-2017 Tuition Rates (5% Guarantee) (APPROVED)

Recommended Action

RESOLVED that the Colorado Springs campus in FY 2016-17 shall increase the resident undergraduate base tuition rate (lower division) by 3.8% or $300 for an academic year (30 student credit hours) and for upper division the rate increases by the following amounts LAS-4.5% or $390, BUS/ENG-4.6% or $450, and Beth El-3.8% or $420; the resident graduate base (Letters, Arts & Sciences) is now a linear structure from 0-10 credit hours, tuition decreases by -0.2% for students enrolled in less than 11 hours and at 11 hours and above full linearity will be implemented; for resident graduate students in Education, the rates will be reduced to match LAS rates resulting in an 11.8% decrease for 0-10 credits; students in Business, Engineering, and Beth El will see a 3.9% increase; the nonresident undergraduate base rate will increase by 4.0% for lower division and 4.6% for upper division; the nonresident graduate base rate will increase by 4.0%-4.1%; and that the combined tuition and mandatory fee increase for full time resident undergraduate lower level students will be 4.62%;

RESOLVED that the Colorado Springs campus shall implement an online only, out of state student rate for main campus courses that is 130.0% of resident rate except for nursing programs which shall be at 125.0% of resident rate.

RESOLVED that the Denver campus in FY 2016-17 shall increase its base lower division resident undergraduate tuition rate by 3.63% or $330 for an academic year (30 student credit hours - Arts & Sciences) and 0% or $0 for upper division; the resident graduate base rate shall increase by 3.04%; the nonresident undergraduate base tuition shall increase by 3.64%; the nonresident graduate students base rate shall increase by 9.90%, the proposed rate includes a 3.00% base increase as well as a leveling strategy for other schools/colleges to smooth and reduce the number or graduate rates; each undergraduate business and engineering course shall include an additional $25 per credit hour differential, which results in an effective lower and upper level tuition rate increase of 11.88% and 7.96%; each graduate business and engineering course shall include an additional $50 per credit hour differential. That results in combined tuition and mandatory fees increase for full time resident lower level and upper level non-engineering or non-business undergraduate students at 3.38% and 0.19%, respectively, as well as, combined tuition and mandatory fee increase for full time resident lower level and upper level engineering and business undergraduate students at up to 10.6% and 7.2%, respectively;

RESOLVED the Boulder campus in FY 2016-17 shall increase the combined resident undergraduate tuition and mandatory fee rate by no more than 5% over the prior year, with no additional rate change through the fourth fiscal year, FY 2019-20, for students entering in the 2016-17 academic year; the combined tuition and mandatory fee increase for first time Seniors shall not exceed 3% in FY 2016-17; the combined tuition and mandatory fees increase for resident undergraduate Art & Sciences students will be 3.97% in FY 2016-17;

RESOLVED the Boulder campus in FY 2017-18 shall increase the combined resident undergraduate tuition and mandatory fee rate by no more than 5% over the prior year with no additional rate change through the fourth fiscal year, FY 2020-21 for students entering in the FY 2017-18 academic year;

RESOLVED the Boulder campus in FY 2018-19 shall increase the combined resident undergraduate tuition and mandatory fee rate by no more than 4% over the prior year with no additional rate change through the fourth fiscal year, FY 2021-22 for students entering in the 2018-19 academic year;

RESOLVED the Boulder campus in FY 2019-20 shall increase the combined resident undergraduate tuition and mandatory fee rate by no more than 4% over the prior year, with no additional rate change through the fourth fiscal year, FY 2022-23 for students entering in the 2019-20 academic year;

RESOLVED the Boulder campus in FY 2016-17 shall increase the resident graduate base rate (Arts & Sciences) by 2.9%; the nonresident incoming undergraduate tuition rate (Arts & Sciences) by 3.0%; the nonresident graduate tuition rate (Arts & Sciences) by 3.0%; the base rate for incoming nonresident international undergraduates by 3.0%; all tuition rates are approved in accordance with the attached tuition schedule;

RESOLVED that the Anschutz Medical Campus in FY 2016-17 shall increase the resident undergraduate Nursing tuition rates by up to 5.1% or $20 per credit hour;

RESOLVED that the graduate and professional program tuition rates on the Anschutz Medical Campus will increase up to the percentages detailed in the attachment;

RESOLVED that the various graduate and professional program tuition rates will increase as detailed in the attachments;

RESOLVED that the tuition tables for all undergraduate programs at each campus will increase as detailed in the attachments; and

RESOLVED that these FY 2016-17 tuition rates may be reconsidered in the event that there is a material change in the state funding amounts anticipated to be received through the 2017 annual appropriations act (Long Bill).

RECOMMENDATION FROM: Vice President Todd Saliman in concurrence with President Benson and the chancellors.

STATEMENT OF INFORMATION:

CU System

The proposed tuition percent increases are anticipated to be amongst the lowest in the state in FY 2016-17.

The recommendation will enable the campuses to make important investments in areas such as deferred maintenance; merit and need based financial aid, compliance and faculty to adequately serve our increasing number of students.

The university is one of the most efficient universities in the nation, producing the most degrees for the lowest amount of resources (state support, tuition, and fees).

Each of the university's campuses have implemented innovative business models to adapt to the state's reduced capacity to fund higher education as well as to improve access and quality.

These business practices include efforts to reduce costs and identify new sources of sustainable funding, in part, through enhanced collaboration with the private sector.

Over the last ten years, the university has increased the number of degrees awarded by 1,800 (14%).

Recent research indicates that the state's ability to maintain or increase ongoing funding for higher education is severely limited.

Critical costs are continuing to increase.

In order to help Colorado families and students better plan for their long-range financial obligations, tuition charges should be straightforward and should be set as early in the calendar year as possible.

CU-Boulder

Consistent with the goal of better long-range planning and predictability for students and families, the University of Colorado Boulder campus (CU-Boulder) includes a 5.0% Guarantee (rate increase in year one, followed by no increase through year four).

The 5% guarantee tuition rate plan will:

Include an appeal process for students in the following circumstances:

Part-time students: An extension of the guarantee may be granted to students that have not taken more than nine credit hours in any semester during the previous four years.
Transfer students: Transfers will be assigned to the incoming tuition cohort upon entry to Boulder and remain in that cohort, paying that cohort's rate, for the next four years.
Special circumstances: Boulder will prepare an appeals process that is simple and easily understood. The appeals process will be clearly and specifically defined, and limited to circumstances such as active military call-up, disability accommodation, double-major, part-time status as outlined above, etc. If a student satisfies the conditions for appeal, s/he would apply for an extension, whereupon the case would be reviewed by an appeals committee.

Ensure that the combined tuition and mandatory fee rate increase for students entering their Senior year will not exceed an effective 3.0% in FY 2016-17.

Result in continued investment in institutional financial aid over time in order to maintain purchasing power relative to tuition rate increases, including but not limited to need based financial aid and the Esteemed Scholarship Program. Funding for institutional financial aid will keep up with enrollment growth and tuition increases over time.

On an annual basis over the next four years, provide thorough updates and reporting to the Board of Regents to ensure transparency and accountability related to the collection and use of the revenues associated with the 5 % guarantee plan. Annual updated and reports to the Board shall include a comparison of the revenue generated from the 5% guarantee plan versus the 3% commitment plan over the next four years.

Establish a reserve fund with revenue from the 5% guarantee plan that is in excess of what would have been generated under the 3% commitment plan collected from FY 2016-17 through FY 2019-20. In addition to serving as a reserve, these funds can be used to meet CU Boulder’s cash flow needs during the four years of implementation of the guarantee plan. After FY 2019-20, any balance in this reserve can be left in reserve or spent on one-time expenditures after approval from the Board of Regents.

The Board of Regents always has the final authority over tuition and fees and is committed to quality, access and affordability.

PREVIOUS ACTION(S):

Tuition rates for FY 2015-16 were approved by the Board of Regents on March 30, 2015.

FY17 UCCS Tuition Tables.pdf (42 KB)
FY17 CU Denver Tuition Tables.pdf (87 KB)
FY17 CU Anschutz Tuition Tables.pdf (104 KB)
FY17 CU-Boulder Tuition Tables 5 percent guarantee.pdf (73 KB)

Motion & Voting

RESOLVED that the Colorado Springs campus in FY 2016-17 shall increase the resident undergraduate base tuition rate (lower division) by 3.8% or $300 for an academic year (30 student credit hours) and for upper division the rate increases by the following amounts LAS-4.5% or $390, BUS/ENG-4.6% or $450, and Beth El-3.8% or $420; the resident graduate base (Letters, Arts & Sciences) is now a linear structure from 0-10 credit hours, tuition decreases by -0.2% for students enrolled in less than 11 hours and at 11 hours and above full linearity will be implemented; for resident graduate students in Education, the rates will be reduced to match LAS rates resulting in an 11.8% decrease for 0-10 credits; students in Business, Engineering, and Beth El will see a 3.9% increase; the nonresident undergraduate base rate will increase by 4.0% for lower division and 4.6% for upper division; the nonresident graduate base rate will increase by 4.0%-4.1%; and that the combined tuition and mandatory fee increase for full time resident undergraduate lower level students will be 4.62%;

RESOLVED that the Colorado Springs campus shall implement an online only, out of state student rate for main campus courses that is 130.0% of resident rate except for nursing programs which shall be at 125.0% of resident rate.

RESOLVED that the Denver campus in FY 2016-17 shall increase its base lower division resident undergraduate tuition rate by 3.63% or $330 for an academic year (30 student credit hours - Arts & Sciences) and 0% or $0 for upper division; the resident graduate base rate shall increase by 3.04%; the nonresident undergraduate base tuition shall increase by 3.64%; the nonresident graduate students base rate shall increase by 9.90%, the proposed rate includes a 3.00% base increase as well as a leveling strategy for other schools/colleges to smooth and reduce the number or graduate rates; each undergraduate business and engineering course shall include an additional $25 per credit hour differential, which results in an effective lower and upper level tuition rate increase of 11.88% and 7.96%; each graduate business and engineering course shall include an additional $50 per credit hour differential. That results in combined tuition and mandatory fees increase for full time resident lower level and upper level non-engineering or non-business undergraduate students at 3.38% and 0.19%, respectively, as well as, combined tuition and mandatory fee increase for full time resident lower level and upper level engineering and business undergraduate students at up to 10.6% and 7.2%, respectively;

RESOLVED the Boulder campus in FY 2016-17 shall increase the combined resident undergraduate tuition and mandatory fee rate by no more than 5% over the prior year, with no additional rate change through the fourth fiscal year, FY 2019-20, for students entering in the 2016-17 academic year; the combined tuition and mandatory fee increase for first time Seniors shall not exceed 3% in FY 2016-17; the combined tuition and mandatory fees increase for resident undergraduate Art & Sciences students will be 3.97% in FY 2016-17;

RESOLVED the Boulder campus in FY 2017-18 shall increase the combined resident undergraduate tuition and mandatory fee rate by no more than 5% over the prior year with no additional rate change through the fourth fiscal year, FY 2020-21 for students entering in the FY 2017-18 academic year;

RESOLVED the Boulder campus in FY 2018-19 shall increase the combined resident undergraduate tuition and mandatory fee rate by no more than 4% over the prior year with no additional rate change through the fourth fiscal year, FY 2021-22 for students entering in the 2018-19 academic year;

RESOLVED the Boulder campus in FY 2019-20 shall increase the combined resident undergraduate tuition and mandatory fee rate by no more than 4% over the prior year, with no additional rate change through the fourth fiscal year, FY 2022-23 for students entering in the 2019-20 academic year;

RESOLVED the Boulder campus in FY 2016-17 shall increase the resident graduate base rate (Arts & Sciences) by 2.9%; the nonresident incoming undergraduate tuition rate (Arts & Sciences) by 3.0%; the nonresident graduate tuition rate (Arts & Sciences) by 3.0%; the base rate for incoming nonresident international undergraduates by 3.0%; all tuition rates are approved in accordance with the attached tuition schedule;

RESOLVED that the Anschutz Medical Campus in FY 2016-17 shall increase the resident undergraduate Nursing tuition rates by up to 5.1% or $20 per credit hour;

RESOLVED that the graduate and professional program tuition rates on the Anschutz Medical Campus will increase up to the percentages detailed in the attachment;

RESOLVED that the various graduate and professional program tuition rates will increase as detailed in the attachments;

RESOLVED that the tuition tables for all undergraduate programs at each campus will increase as detailed in the attachments; and

RESOLVED that these FY 2016-17 tuition rates may be reconsidered in the event that there is a material change in the state funding amounts anticipated to be received through the 2017 annual appropriations act (Long Bill).

Motion by Sue Sharkey, second by John Carson.
Final Resolution: Motion adopted
Yes: Steve Bosley, Michael Carrigan, John Carson, Irene Griego, Sue Sharkey, Linda Shoemaker, Kyle Hybl
No: Glen Gallegos, Steve Ludwig

3. Action Item: FY 2016-2017 Tuition Rates (3% Commitment) (This motion falls to the floor as the 5% Guarantee was approved.)

Recommended Action

RESOLVED that the Colorado Springs campus in FY 2016-17 shall increase the resident undergraduate base tuition rate (lower division) by 3.8% or $300 for an academic year (30 student credit hours) and for upper division the rate increases by the following amounts LAS-4.5% or $390, BUS/ENG-4.6% or $450, and Beth El-3.8% or $420; the resident graduate base (Letters, Arts & Sciences) is now a linear structure from 0-10 credit hours, tuition decreases by -0.2% for students enrolled in less than 11 hours and at 11 hours and above full linearity will be implemented; for resident graduate students in Education, the rates will be reduced to match LAS rates resulting in an 11.8% decrease for 0-10 credits; students in Business, Engineering, and Beth El will see a 3.9% increase; the nonresident undergraduate base rate will increase by 4.0% for lower division and 4.6% for upper division; the nonresident graduate base rate will increase by 4.0%-4.1%; and that the combined tuition and mandatory fee increase for full time resident undergraduate lower division students will be 4.62%;

RESOLVED that the Colorado Springs campus shall implement an online only, out of state student rate for main campus courses that is 130.0% of resident rate except for nursing programs which shall be at 125.0% of resident rate.

RESOLVED that the Denver campus in FY 2016-17 shall increase its base lower division resident undergraduate tuition rate by 3.63% or $330 for an academic year (30 student credit hours - Arts & Sciences) and 0% or $0 for upper division; the resident graduate base rate shall increase by 3.04%; the nonresident undergraduate base tuition shall increase by 3.64%; the nonresident graduate students base rate shall increase by 9.90%, the proposed rate includes a 3.00% base increase as well as a leveling strategy for other schools/colleges to smooth and reduce the number or graduate rates; each undergraduate business and engineering course shall include an additional $25 per credit hour differential, which results in an effective lower and upper level tuition rate increase of 11.88% and 7.96%; each graduate business and engineering course shall include an additional $50 per credit hour differential. That results in combined tuition and mandatory fees increase for full time resident lower level and upper level non-engineering or non-business undergraduate students at 3.38% and 0.19%, respectively, as well as, combined tuition and mandatory fee increase for full time resident lower level and upper level engineering and business undergraduate students at up to 10.6% and 7.2%, respectively; RESOLVED the Boulder campus in FY 2016-17 shall increase the resident undergraduate base tuition rate (Arts & Sciences) by 2.8% or $264 for an academic year (30 student credit hours); the resident undergraduate base tuition rate (Arts & Sciences) will increase annually by 3.0% in FY 2017-18, 2.9% in FY 2018-19 and 2.9% in FY 2019-20; the resident graduate base rate (Arts & Sciences) by 2.9% in FY 2016-17; the nonresident incoming undergraduate tuition rate (Arts & Sciences) by 3.0% in FY 2016-17; the nonresident graduate tuition rate (Arts & Sciences) by 3.0% in FY 2016-17; the base rate for incoming nonresident international undergraduates by 3.0% in FY 2016-17; all tuition rates are approved in accordance with the attached tuition schedule; and that the combined tuition and mandatory fees increase for full time resident undergraduate students will be 2.25% in FY 2016-17;

RESOLVED the Boulder campus in FY 2016-17 shall increase the resident graduate base rate (Arts & Sciences) by 2.9%; the nonresident incoming undergraduate tuition rate (Arts & Sciences) by 3.0%; the nonresident graduate tuition rate (Arts & Sciences) by 3.0%; the base rate for incoming nonresident international undergraduates by 3.0%; all tuition rates are approved in accordance with the attached tuition schedule;

RESOLVED that the Anschutz Medical Campus in FY 2016-17 shall increase the resident undergraduate Nursing tuition rates by up to 5.1% or $20 per credit hour;

RESOLVED that the graduate and professional program tuition rates on the Anschutz Medical Campus will increase up to the percentages detailed in the attachment;

RESOLVED that the various graduate and professional program tuition rates will increase as detailed in the attachments;

RESOLVED that the tuition tables for all undergraduate programs at each campus will increase as detailed in the attachments; and RESOLVED that these FY 2016-17 tuition rates may be reconsidered in the event that there is a material change in the state funding amounts anticipated to be received through the 2017 annual appropriations act (Long Bill).

RECOMMENDATION FROM: Vice President Todd Saliman in concurrence with President Benson and the chancellors.

STATEMENT OF INFORMATION:

CU System

The proposed tuition percent increases are anticipated to be amongst the lowest in the state in FY 2016-17.

The recommendation will enable the campuses to make important investments in areas such as deferred maintenance; merit and need based financial aid, compliance and faculty to adequately serve our increasing number of students.

The university is one of the most efficient universities in the nation, producing the most degrees for the lowest amount of resources (state support, tuition, and fees).

Each of the university’s campuses have implemented innovative business models to adapt to the state’s reduced capacity to fund higher education as well as to improve access and quality.

These business practices include efforts to reduce costs and identify new sources of sustainable funding, in part, through enhanced collaboration with the private sector.

Over the last ten years, the university has increased the number of degrees awarded by 1,800 (14%).

Recent research indicates that the state’s ability to maintain or increase ongoing funding for higher education is severely limited.

Critical costs are continuing to increase.

In order to help Colorado families and students better plan for their long-range financial obligations, tuition charges should be straightforward and should be set as early in the calendar year as possible.

PREVIOUS ACTION(S): Tuition rates for FY 2015-16 were approved by the Board of Regents on March 30, 2015.

FY17 CU-Boulder Tuition Tables 3 percent commitment.pdf (72 KB)
FY17 UCCS Tuition Tables.pdf (42 KB)
FY17 CU Denver Tuition Tables.pdf (87 KB)
FY17 CU Anschutz Tuition Tables.pdf (104 KB)

4. Action Item: FY 2016-2017 Compensation (APPROVED)

Recommended Action

RESOLVED that the Board of Regents approve the following:

RESOLVED that for FY 2016-17, the salary increases for classified staff for the University of Colorado Boulder (CU-Boulder), University of Colorado Colorado Springs (UCCS), and the University of Colorado Anschutz Medical Campus include a 2.0% salary pool that is awarded based on merit and revised pay ranges for selective job classifications as well as a continuing 2.0% meritorious salary pool for faculty, officers, and exempt professionals at both campuses;

RESOLVED that for FY 2016-17, a one-time, non-base building salary increase for classified staff for the University of Colorado Denver (CU Denver) include a 2.0% one-time merit pool that is allocated based on merit and revised pay ranges for selective job classifications as well as a one-time, non-base building 2.0% meritorious award pool for faculty, officers, and exempt professionals.

RESOLVED that for FY 2016-17, the salary increases for classified staff for the University of Colorado System Administration include a 1.77% salary pool that is awarded based on merit and revised pay ranges for selective job classifications as well as a continuing 1.77% salary pool for officers and exempt professionals;

RESOLVED that this action does not modify any alternative compensation plans established by participating schools and colleges on the Anschutz Medical Campus;

RESOLVED that system and campus individual cabinet members’ salary increases for merit, market and equity adjustments combined shall not exceed 2.0 percent unless the board is notified prior to implementation;

RESOLVED that merit will be the prevailing factor in all recommended salary adjustments in accordance with Regent Policy 11-B.1, Compensation Principles for Faculty, and Regent Policy 11.C.1, Compensation for Officers and Exempt Professionals; and

RESOLVED that the employer's contribution to faculty and exempt professional, health, life, and dental insurance will continue to follow the contribution rate set by the university for classified employees, at approximately 3.49 percent.

RECOMMENDATION FROM: Vice President Todd Saliman in concurrence with President Benson and the chancellors.

STATEMENT OF INFORMATION:

The faculty, staff and administrators of the university enable the university to excel in the education of our students and the pursuit of high level research.

The university values the faculty, staff and administrators and believes that salaries for those who are performing well should, at a minimum, retain purchasing power when the state’s economy is expanding.

It is important that compensation be adjusted to assure the university’s competitive position in the market over time.

The University of Colorado faces competition from other Colorado and national institutions of higher education in attracting and retaining faculty and staff.

Annually the administration reviews anticipated revenues for the upcoming fiscal year and recommends to the Board of Regents a salary pool for funding salary increases. Faculty raises are awarded as provided in Regent Policy 11.B.1. Exempt raises are awarded as provided in Regent Policy 11.C.4.

PREVIOUS ACTION(S):

On March 30, 2015, the Board of Regents approved the salary increases for classified staff with a 1.0 percent base building cost of living increase and 2.0 percent merit pool. A 3.0 percent continuing meritorious salary pool for faculty, officers, and exempt professionals was established for each campus and system administration.

Motion & Voting

RESOLVED that the Board of Regents approve the following:

RESOLVED that for FY 2016-17, the salary increases for classified staff for the University of Colorado Boulder (CU-Boulder), University of Colorado Colorado Springs (UCCS), and the University of Colorado Anschutz Medical Campus include a 2.0% salary pool that is awarded based on merit and revised pay ranges for selective job classifications as well as a continuing 2.0% meritorious salary pool for faculty, officers, and exempt professionals at both campuses;

RESOLVED that for FY 2016-17, a one-time, non-base building salary increase for classified staff for the University of Colorado Denver (CU Denver) include a 2.0% one-time merit pool that is allocated based on merit and revised pay ranges for selective job classifications as well as a one-time, non-base building 2.0% meritorious award pool for faculty, officers, and exempt professionals.

RESOLVED that for FY 2016-17, the salary increases for classified staff for the University of Colorado System Administration include a 1.77% salary pool that is awarded based on merit and revised pay ranges for selective job classifications as well as a continuing 1.77% salary pool for officers and exempt professionals;

RESOLVED that this action does not modify any alternative compensation plans established by participating schools and colleges on the Anschutz Medical Campus;

RESOLVED that system and campus individual cabinet members’ salary increases for merit, market and equity adjustments combined shall not exceed 2.0 percent unless the board is notified prior to implementation;

RESOLVED that merit will be the prevailing factor in all recommended salary adjustments in accordance with Regent Policy 11-B.1, Compensation Principles for Faculty, and Regent Policy 11.C.1, Compensation for Officers and Exempt Professionals; and

RESOLVED that the employer’s contribution to faculty and exempt professional, health, life, and dental insurance will continue to follow the contribution rate set by the university for classified employees, at approximately 3.49 percent.

Motion by Sue Sharkey, second by Steve Ludwig.
Final Resolution: Motion adopted
Yes: Steve Bosley, Michael Carrigan, John Carson, Glen Gallegos, Irene Griego, Steve Ludwig, Sue Sharkey, Linda Shoemaker, Kyle Hybl

5. Information Item: FY 2016-2017 Student Fee Proposal - VP Todd Saliman

6. Action Item: Updated Institutional Student Fee Plans: UCCS and CU Denver|Anschutz (Postponed until June 16-17, 2016 board meeting)

Recommended Action

RESOLVED that the proposed changes to the campus' institutional student fee plans as outlined in Attachment A for the Colorado Springs campus and Attachment B for the Denver|Anschutz campus be approved.

RECOMMENDATION FROM: Vice President Todd Saliman in concurrence with President Benson and the chancellors.

STATEMENT OF INFORMATION:

At the November 2012 Regent meeting, each campus presented revised fee plans consistent with state statutes and the Colorado Commission on Higher Education policies. The fee plans serve as the guide for development of the annual fee proposal. During the a recent review of institutional fee plans, both the Colorado Springs campus and the Denver|Anschutz campuses made minor revisions that require Board approval. Institutional fee plans do not change any existing fee rates or propose new fees. The following proposed changes are summarized below.

Summary of Changes

Colorado Springs Campus

The UCCS institutional student fee plan includes the following updates:

Clarifies language around acceptable use for technology fees;
Defines physical recreation fee and acceptable use;
Creates a template for any new academic or instructional fee proposals and clarifies process;
Creates review process for fees assessed to online only students;
Expands public notification of new fees to bursar’s website; and
Revises timeline of approval to align with Regent meeting schedule.

Denver | Anschutz Campuses

The CU Denver|Anschutz institutional student fee plan includes the following updates:

Generalizes the positions that serve on Management Fee Review Team;
Removes faculty representation on the Denver campus Student Fee Review Committee;
Rewords the Anschutz committee so that Academic Student Advisory Committee can serve as the committee to review Anschutz-only student purpose/activity fees;
Removes the "University Student Fee Review Committee" since our campuses are not consolidated for fee setting; and
Removes language that requires email notification of fee changes. Annual fee changes will be highlighted and posted on the Bursar's website.

PREVIOUS ACTION(S):

Institutional Student Fee plans for all campuses were approved by the Board of Regents on November 15, 2012.

Attachment A - FY 16-17 UCCS Institutional Student Fee Plan.pdf (344 KB)
Attachment B - FY 16-17 Denver and Anschutz Institutional Student Fee Plan.pdf (214 KB)

Motion & Voting

RESOLVED that this item be postponed until a time definite which is the June 2016 board meeting.

Motion by Sue Sharkey, second by Steve Ludwig.
Final Resolution: Motion adopted
Yes: Steve Bosley, Michael Carrigan, John Carson, Glen Gallegos, Irene Griego, Steve Ludwig, Sue Sharkey, Linda Shoemaker, Kyle Hybl

7. Action Item: FY 2016-2017 Student Fees (APPROVED)

Recommended Action

RESOLVED that the FY 2016-2017 proposed changes to student fees as outlined in Attachment A for the Boulder campus, Attachment B for the Colorado Springs, Attachment C for the Denver|Anschutz Medical Campus be approved; and

RESOLVED that the existing mandatory, miscellaneous, and instructional fees that are not recommended to change be re-approved at their existing level.

RECOMMENDATION FROM: Vice President Todd Saliman in concurrence with President Benson and the chancellors.

STATEMENT OF INFORMATION:

Campus specific mandatory fees for full time students (two terms or 30 credit hours) will change in FY 2016-17 by the following approximate amounts:

Boulder campus: -$15.44
Denver campus: $20.70
UCCS campus: $135.10

At the November 2012 Regent meeting, each campus presented revised institutional student fee plans consistent with state statutes and the Colorado Commission on Higher Education policies. The institutional student fee plans serve as the guide for development of the annual fee proposal. The following proposed fee changes are consistent with the plans previously approved by the Board of Regents.

This year, campuses are proposing a limited number of changes to existing fees. The full slate of student fees changes are described below.

Boulder Campus

Course and Instructional Fees

Three departments request fee changes: Theater and Dance, Environmental Studies, and Women and Gender Studies.
Proposes expanding existing fee from Environmental Design majors only, to include all students taking Environmental Design courses, at $33.00 per credit hour with a maximum fee of $297.00 per term.
Proposes expanding existing fee of $35.00 per course to two additional courses in Critical Sports Studies program.
Proposes expanding existing $27.00 course fee to ATLAS students; ATLAS was moved to the College of Engineering and Applied Science in 2013.

Housing and Dining Services Fees

A 3.0% increase is proposed for inflationary increases, building operations and debt service. The resulting increase for standard room and board in a residence hall is $198.00 per term.

Student Activity Fees

CUSG student activity fee - a decrease of $10.69 per term for mandatory cost increases.
Wardenburg student health fee - an increase of $2.34 per term for anticipated expense increases.
Mental Health (Counseling) fee - for expanded counseling and mental health services for students; a new fee of $0.63 per term.

Colorado Springs Campus

Program, Course and Instructional Fees

Instructional fees, $10.00 per credit hour, are being requested in the College of Education for the new Bachelor's program.
COE is requesting a new fee for an optional course to cover the costs associated with a specialized educational experience.
The College of Business is proposing to change the structure of course fees for the Professional Golf Management Program based on charges from the PGA.
The Music program within LAS is proposing a $10.00 increase in its program fee to cover the costs associated with the program.
The college of LAS is also proposing a restructure of a selection of current program fees to better align fees with courses.
The Johnson Beth El College of Nursing is requesting an increase in the nursing program fee to cover the increasing costs of consumables.
LAS is also requesting to remove the cap for program fees in the Visual Arts program.

Student Activity Fees

There is a proposed increase of $4.15 per credit hour in the Athletics fee to help support the addition of new sports and to help cover the increasing costs of a successful Athletic program.
There is a proposed increase in the Safety & Transportation fee of $5.30 per semester. This increase will help to cover costs associated with increased ridership and routes.
The University Center Bond fee is set to expire in 2025 and will go to a vote of the students to remove the sunset of this fee.
Due to renegotiation of health insurance premiums, the mandatory international student health insurance rates will change.

Housing and Dining Services Fees

Housing rates are proposed to increase from 2.4% to 3.8%, depending upon room selection. Proposed rate increases are due to staff compensation, utility rate increases, and increased food costs.

Denver Campus

Course and Instructional Fees

The College of Engineering and Applied Science is increasing its fee for majors by 8.4% to cover the costs of additional faculty advising.
The College of Liberal Arts and Sciences is increasing its instructional fee by 6.3% to support costs associated with increased demand for biology laboratory courses, including a part-time preparator, lab supplies, and service contracts.
The College of Arts and Media clarifies its instructional fee to cover hourly wages for student monitors and assistants that support instructional programs and events, as well as College's computer labs.

Student Purpose/Activity Fees

This fee would be increased $0.09, or 0.8%. The Student Fee Review Committee closely reviews all requests across student services areas and many have already been denied or postponed. The supported components include:
$11,000 for New Student Orientation to hire an additional 6 student workers that facilitate orientation events during the summer term to address the programming needs demonstrated by the steady increase of first-time freshmen enrollment.
$15,000 for Veteran Student Services to hire a permanent Graduate Assistant to address the substantial increase in student participants in the Veteran Student Mentoring Program, which provides support and resources to help veterans successfully transition to college.

Student Activity Fees to Auraria Campus

The Phoenix Center fee would be increased by $1.00 to $3.00 to fund 2-3 additional Violence Prevention Peer Educators. This increase will allow the Phoenix Center to serve approximately 33% more students on the Auraria Campus through victims services and prevention education workshops, and is contingent upon similar increases being passed by both MSU Denver and CCD.
An increase for the RTD Fee is proposed to cover the fixed dollar contract (which is not increasing) spread across declining Auraria enrollment. The increase is $8.00 to $105.00 which is supported by the Student Advisory Committee to the Auraria Board. Although the percent increase is high, this is still the best RTD package students can access.
These fees are subject to student referendum.

Other Fees on Campus

The Information Technology Fee would not be increased but expanded to cover costs associated with technology in classrooms on the Auraria Campus that are CU Denver-owned or proprietary.
The Student Newspaper Fee would not be increased but the Student Fee Review Committee has recommended that this fee be subject to student vote to affirm the value of the newspaper to students.
The International Student Health Insurance Fee is still being negotiated, not to exceed a 30% increase to $3,055.00 per year.

Anschutz Medical Campus

Course and Instructional Fees

The School of Medicine is eliminating all student fees for its MD program. The fees are being eliminated to help decrease the debt of medical students.
The Dean's Office and Undergraduate Medical Education have agreed to use general operating budgets to cover the expenses that were historically funded from the fee revenue.

Student Activity Fees

The Budget Office is reducing the Academic Support Services Fee from $75.00 to $64.00 in order to buy down the current fee reserve balance.
The CU Anschutz Medical Campus and its students are requesting to use $157,000 of unspent balance from Academic Support Student Fees to renovate and enhance student common space and the student government space in the educational buildings. This fee is typically used for library resources, student information systems, and learning management systems.
$91,268 to remain in the Academic Support Services fund to maintain a 10% reserve balance.

Mandatory Insurance Fees

The increase in mandatory student health insurance fee is still being negotiated, not to exceed a 12% increase to $4,826.98 per year.

PREVIOUS ACTION(S):

Institutional Fee plans were approved by the Board of Regents on November 15, 2012. Fee changes for FY 2015-16 were approved March 30, 2015.

Attachment A - FY17 Boulder Fee Proposal.pdf (23 KB)
Attachment B - FY17 UCCS Fee Proposal.pdf (37 KB)
Attachment C - FY17 Denver Anschutz Fee Proposal.pdf (26 KB)

Motion & Voting

RESOLVED that the FY 2016-2017 proposed changes to student fees as outlined in Attachment A for the Boulder campus, Attachment B for the Colorado Springs, Attachment C for the Denver|Anschutz Medical Campus be approved; and

RESOLVED that the existing mandatory, miscellaneous, and instructional fees that are not recommended to change be re-approved at their existing level.

Motion by Linda Shoemaker, second by Steve Bosley.
Final Resolution: Motion adopted
Yes: Steve Bosley, Michael Carrigan, Glen Gallegos, Irene Griego, Sue Sharkey, Linda Shoemaker, Kyle Hybl
No: John Carson, Steve Ludwig

8. Action Item: Authorization of a Sixteenth Supplemental Resolution to Amend Pledged Revenues, as Defined (APPROVED)

Recommended Action

RESOLVED that the Board of Regents approves the Authorization of a Sixteenth Supplemental Resolution to Amend Pledged Revenues, as Defined.

RECOMMENDATION FROM: Dan J. Wilson, Treasurer of the University of Colorado

STATEMENT OF INFORMATION: SIXTEENTH SUPPLEMENTAL RESOLUTION

WHEREAS, The Regents of the University of Colorado (the “Board”) has adopted a Master University Enterprise Bond Resolution on March 24, 2005 (as supplemented and amended to date, the “Master Resolution” and as further supplemented and amended by this Sixteenth Supplemental Resolution the "Resolution"); and

WHEREAS, this Sixteenth Supplemental Resolution is proposed for adoption pursuant to and in accordance with the Master Resolution; and

WHEREAS, Section 23-5-103, C.R.S. currently permits the Board to pledge up to ten percent of Tuition Revenues (as defined in the Master Resolution) in connection with a contract for the advancement of money, and the Master Resolution reflects this by limiting to ten percent the Tuition Revenues received by the University Enterprise that is included within Gross Revenues (as defined in the Master Resolution); and

WHEREAS, Senate Bill 16-121 amended Section 23-5-103, C.R.S. to allow governing boards of institutions of higher education, like the Board, to pledge under certain circumstances up to one hundred percent of tuition revenues in connection with a contract for the advancement of money; and

WHEREAS, Subsection (h) of the definition of Gross Revenues allows the Board to include in Gross Revenues such other income, fees and revenues as the Board determines, by resolution and without further consideration from the owners of the Bonds; and

WHEREAS, the Board has determined that, upon the passage and enactment into law of SB 16-121, the definition of "Gross Revenues" shall be amended, pursuant to subsection (h) thereof, to modify the percentage of Tuition Revenues included within Gross Revenues from ten percent to one hundred percent as provided for herein; and

WHEREAS, the Board has determined that the definition of "Student Fees" set forth in the Master Resolution shall be amended to include in such definition the student fee approved in April of 2015 by students at the UC Denver Downtown Campus (the "Wellness Center Fee") to fund construction of the Wellness Center and the yearly operational costs of the facility;

NOW, THEREFORE, BE IT RESOLVED BY THE REGENTS OF THE UNIVERSITY OF COLORADO:

ARTICLE I

DEFINITIONS

Section 1.1 Definitions

Except as provided herein, all terms which are defined in Section 1.01 of the Master Resolution shall have the same meanings, respectively, in this Sixteenth Supplemental Resolution as such terms are given in the Master Resolution.

ARTICLE II

AMENDMENTS

Section 2.1 Amendments to the Master Resolution

(a) Pursuant to subsection (h) of the definition of "Gross Revenues" set forth in the Master Resolution, the definition of "Gross Revenues" contained in Section 1.01 of the Master Resolution is hereby amended and restated in its entirety to read as follows:

"Gross Revenues" means (a) all income and revenues derived by the University Enterprise from the Facilities, whether resulting from an original Facility or from improvements, extensions, enlargements, repairs or betterments thereto, replacements thereof or otherwise; (b) the Student Fees; (c) all income and revenues attributable to the Sales and Services of Auxiliary Educational Activities; (d) all revenues constituting rents or charges for the use of University buildings and facilities for research, including (i) all revenues derived by the University from the operation of the Research Facilities, whether resulting from an original Research Facility or from improvements, extensions, enlargements, repairs or betterments thereto, replacements thereof or otherwise, including insurance proceeds, and (ii) amounts accruing to the University from "overhead" charges on research contracts performed under the auspices of the University within the Research Facilities or within all other facilities of the University located at any campus of the University; (e) investment earnings on moneys in the Research Revolving Fund and on moneys attributable to the Facilities and the Sales and Services of Auxiliary Educational Activities; (f) Tuition Revenues received by the University Enterprise; (g) all revenues derived by the University Enterprise from the Facilities Construction Fees; and (h) such other income, fees and revenues as the Board hereafter determines, by resolution and without further consideration from the owners of the Bonds, to include in Gross Revenues, pursuant to law then in effect and not in conflict with the provisions and limitations of the Master Resolution or any Supplemental Resolution. The term Gross Revenues does not however, include (I) any Released Revenues in respect of which there have been filed with the Secretary of the Board the documents contemplated in the definition of "Released Revenues", or (II) any general fund moneys appropriated by the State General Assembly or any moneys derived from any general (ad valorem) tax levied against property by the State or any instrumentality thereof.

(b) Pursuant to subsection 12.0(f) of the Master Resolution, the definition of "Student Fees" contained in Section 1.01 of the Master Resolution is hereby amended and restated in its entirety to read as follows:

"Student Fees" means the following mandatory fees assessed against students at the University, including any increases in such fees as may be implemented from time to time:

(a) Boulder campus

(i) UCSU Student Activity Fees and Referenda Fees
(ii) Student Government Fees
(iii) Athletic Fees
(iv) Student Fee for the Recreation Facilities Improvements

(b) UC Denver Anschutz Medical campus

(i) Student Health Fees
(ii) Student Activities Fee

(c) UC Denver Downtown campus

(i) Student Activities Fee
(ii) Student Services Fee
(iii) Student Newspaper Fee
(iv) Cultural Events Fee
(v) Wellness Center Fee

(d) Colorado Springs campus

(i) University Center Fee
(ii) Student Activities Fees
(iii) Intercollegiate Athletics Fee
(iv) Child Care Facility Fee
(v) Student Recreation Center Fee and Recreation Fee

ARTICLE III

MISCELLANEOUS

Section 3.1 Construction

The Table of Contents and the headings of the several Articles and Sections of this Sixteenth Supplemental Resolution have been prepared for convenience of reference only and shall not control, affect the meaning of, or be taken as an interpretation of any provision of this Sixteenth Supplemental Resolution.

Section 3.2 Successors

All of the covenants, stipulations, obligations, and agreements by or on behalf of and any other provisions for the benefit of the University or the Board set forth in the Resolution shall bind and inure to the benefit of any successors thereof and shall bind and inure to the benefit of any officer, board, district, commission, authority, agent, enterprise, or instrumentality to whom or to which there shall be transferred by or in accordance with law any right, power, or duty of the University or the Board or of their respective successors, if any, the possession of which is necessary or appropriate in order to comply with any such covenants, stipulations, obligations, agreements, or other provisions hereof.

Section 3.3 Parties Interested Herein

Except as otherwise expressly provided in the Resolution, nothing expressed or implied in the Resolution is intended or shall be construed to confer upon or to give to any Person, other than the University, the Board, any Paying Agent, and the owners from time to time of any Outstanding Bonds, any right, remedy or claim under or by reason hereof or any covenant, condition or stipulation hereof. All the covenants, stipulations, promises and agreements set forth herein by and on behalf of the University shall be for the sole and exclusive benefit of the University, the Board, any Paying Agent and the owners from time to time of any Outstanding Bonds.

Section 3.4 Ratification

All action heretofore taken (not inconsistent with the provisions of the Resolution) by the Board, the officers of the University, and otherwise by the Board directed toward the subject matter of this Sixteenth Supplemental Resolution, be, and the same hereby is, ratified, approved and confirmed.

Section 3.5 Repealer

All bylaws, orders and resolutions, or parts thereof, inconsistent herewith are hereby repealed to the extent only of such inconsistency. This repealer shall not be construed to revive any bylaw, order, resolution or part thereof, heretofore repealed.

Section 3.6 Severability

If any provision of the Resolution shall be held invalid or unenforceable, such holding shall not affect any other provisions hereof.

Section 3.7 Effective Dates

This Sixteenth Supplemental Resolution and the amendments to the Master Resolution set forth herein shall be effective immediately.

Section 3.8 Applicability of Master Resolution

The Master Resolution, as hereby amended, is in all respects ratified and confirmed, and the Master Resolution, as hereby amended and supplemented, shall be read, taken and construed as one and the same instrument.

PREVIOUS ACTION:

On February 18, 2016, the Board of Regents approved the Authorization of a Fifteenth Supplemental Resolution and Documents Relating to the Issuance of the University Enterprise Revenue Bonds, Series 2016A, and the University Enterprise Refunding Revenue Bonds, Series 2016B.

9. Action Item: Authorization of a Forward Commitment to Issue and the Issuance of the University Enterprise Refunding Revenue Bonds, Series 2017A and documents related thereto. (APPROVED)

Recommended Action

RESOLVED that the Board of Regents approves the Authorization of a Forward Commitment to Issue and the Issuance of the University Enterprise Refunding Revenue Bonds, Series 2017A and Documents Related Thereto.

RECOMMENDATION FROM: Dan J. Wilson, Treasurer of the University of Colorado

STATEMENT OF INFORMATION:

RESOLVED that all rules of the Board of Regents of the University of Colorado (the "Board" and the "University," respectively), which might prevent, unless suspended, the Board's approval of (a) the issuance and sale by the Board pursuant to the terms of a supplemental resolution (the "Supplemental Resolution") in accordance and pursuant to the terms of the Master University Enterprise Bond Resolution adopted by the Board on March 24, 2005 (as supplemented and amended, the "Master Resolution") of its University Enterprise Refunding Revenue Bonds, Series 2017A (the "Series 2017A Bonds"), the proceeds of which will be used to refund all or a portion of the Board's outstanding University Enterprise Refunding Revenue Bonds, Series 2007A (the "Refunded Bonds"), and the execution and delivery of a Paying Agency, Transfer Agency and Bond Registrar Agreement, a Forward Bond Purchase Agreement between the Board and the bank purchaser designated therein (the "Bank"), an Escrow Agreement, a Continuing Covenant Agreement between the Board and the Bank, and any other documents reasonably related to the issuance of the Series 2017A Bonds and the implementation of the refunding of the Refunded Bonds (such Master Resolution and Supplemental Resolution, together with the Series 2017A Bonds and related documents, including the documents referred to in this resolution and any documents and certificates required in connection with the closing and completion of this financing, being collectively referred to as the "Transaction Documents"), (b) the sale to the Bank of the Series 2017A Bonds in accordance with the terms of the Forward Bond Purchase Agreement, and (c) the refunding of the Refunded Bonds (the "Series 2017A Refunding Project") be and the same are hereby suspended for the purpose of permitting the final approval of such items by the Board at this meeting; and

RESOLVED that the Series 2017A Bonds will be issued on parity with the Board's University Enterprise Refunding and Improvement Revenue Bonds, Series 2005A; University Enterprise Revenue Bonds, Series 2005B; University Enterprise Revenue Bonds, Series 2006A; University Enterprise Refunding Revenue Bonds, Series 2007A; University Enterprise Revenue Bonds, Series 2007B; University Enterprise Revenue Bonds, Series 2009A; Tax-Exempt University Enterprise Revenue Bonds, Subseries 2009B-1; Taxable University Enterprise Revenue Bonds, Subseries 2009B-2 (Build America Bonds - Direct Payment); Tax-Exempt University Enterprise Refunding Revenue Bonds, Series 2009C; Taxable University Enterprise Revenue Bonds, Series 2010A (Build America Bonds – Direct Payment); Tax-Exempt University Enterprise Refunding Revenue Bonds, Series 2010B; Taxable University Enterprise Revenue Bonds, Series 2010C (Qualified Energy Conservation Bonds - Direct Payment); University Enterprise Revenue Bonds, Series 2011A; University Enterprise Refunding Revenue Bonds, Series 2011B; University Enterprise Refunding Revenue Bonds, Series 2012A‑1; University Enterprise Refunding Revenue Bonds, Series 2012A-2; University Enterprise Refunding Revenue Bonds, Series 2012A-3; University Enterprise Revenue Bonds, Series 2012B; Tax-Exempt University Enterprise Revenue Bonds, Series 2013A; Taxable University Enterprise Revenue Bonds, Series 2013B; Tax-Exempt University Enterprise Revenue Bonds, Series 2014A; Tax-Exempt University Enterprise Refunding Revenue Bonds, Series 2014B; University Enterprise Refunding Revenue Bonds, Series 2015A; University Enterprise Refunding Revenue Bonds, Series 2015B; and University Enterprise Refunding Revenue Bonds, Taxable Series 2015C, and any additional bonds issued as Parity Bonds under the Master Indenture; and

RESOLVED that (i) the terms, conditions, issuance, sale and delivery of the Series 2017A Bonds, to be delivered on the call date of the Refunded Bonds which is June 1, 2017 or 90 days prior to the call date, to mature no later than June 1, 2033 with a mandatory tender date ("Mandatory Tender Date") of June 1, 2026, in the aggregate principal amount of not greater than that required to defray the costs of the Series 2017A Refunding Project and to pay related issuance costs and in any event in the aggregate principal amount of not greater than $45 million, (ii) delegation to the Treasurer of the University of the pricing and determination of the specific terms of the Series 2017A Bonds subject to the parameters set forth in this resolution, selection of the Bank to purchase the Series 2017A Bonds as may be in the best interests of the Board and the University, and negotiation of the Transaction Documents as are consistent with this resolution and contain usual and customary terms and conditions, and (iii) execution, delivery and performance of the Transaction Documents to which the Board is a party, consistent with the provisions of the Master Resolution and the Supplemental Resolution and as may be approved by the officials executing such documents and as are not inconsistent herewith, be, and the same are, hereby approved; and

RESOLVED that the Series 2017A Bonds be sold to the Bank designated in the Forward Bond Purchase Agreement, with the Series 2017A Bonds to bear interest in the manner and at the rates to be mutually agreed upon by the Bank and the Treasurer of the University; provided that such interest rates shall not exceed the minimum rates required to accomplish the sale of the Series 2017A Bonds to the Bank, and provided further that the maximum interest rate on the Series 2017A Bonds shall not exceed 7.00% for the base interest rate and 10.00% for the default interest rate. The Treasurer of the University is hereby authorized to complete and execute the Forward Bond Purchase Agreement with the Bank with terms consistent with this resolution; and

RESOLVED that the Board hereby determines that it refuses to accept payment of principal of and interest on the Series 2017A Bonds by the State Treasurer pursuant to Section 23-5-139, Colorado Revised Statutes, as amended (the "Intercept Statute"), and directs the Treasurer of the University to give written notice of this resolution to the State Treasurer; and

FURTHER RESOLVED that the following individuals, namely: the Chair of the Board, the President of the University, the Vice President and Chief Financial Officer of the University, the Treasurer of the University and the Secretary of the Board (and any other officers authorized by law to act on their behalf in their absence) be, and the same hereby are, authorized to act with respect to any matter required to be done pursuant to the Master Resolution, the Supplemental Resolution or the Transaction Documents and to execute and deliver the same according to their terms.

PREVIOUS ACTION:

On February 18, 2016, the Board of Regents approved the Authorization of a Fifteenth Supplemental Resolution and Documents Relating to the Issuance of the University Enterprise Revenue Bonds, Series 2016A, and the University Enterprise Refunding Revenue Bonds, Series 2016B.

CONCURRENT ACTION:

On April 6, 2016, the Board of Regents will be asked to approve the Authorization of a Sixteenth Supplemental Resolution to Amend Pledged Revenues, as Defined.

Direct Purchase Presentation

1. 10:30 a.m. Host Campus Report: Shaping the Future at CU Denver (A Conversation with Chancellor Horrell)

Chancellors Presentation.pdf (1,816 KB)
Regent Roundtables Background and Notes 040616.pdf (149 KB)

2. 11:30 a.m. Information Item: President Regent Priority - CU South Denver Report - President Benson, Chancellor Horrell, Vice Chancellor Luella Chavez D'Angelo

South Denver Presentation.pdf (1,727 KB)

1. The meeting adjourned.
2. Next regular board meeting is scheduled for June 16-17, 2016 at CU-Boulder

CU Forum

University of Colorado
Board of Regents

Tuesday, April 5, 2016

Regular Board Meeting (Tuesday-Wednesday, April 5-6, 2016)

CU Denver, Tivoli Student Union, Room 320

F. 3:15 - 4:00 p.m.
BOARD OF REGENTS COMMITTEES AND LIAISON ACTIVITIES REPORTS

G. 4:00 - 4:30 p.m.
GOVERNANCE LEADERS REPORTS

H. 4:30 - 4:45 p.m.
CONSENT AGENDA

Recommended Action

Recommended Action

Recommended Action

I. 4:45 - 5:15 p.m.
ACADEMIC AFFAIRS COMMITTEE, Regent Sue Sharkey, presiding

J. 5:15 p.m.
RECESS UNTIL APRIL 6, 2016 AT 8:30 a.m.

Wednesday, April 6, 2016

Regular Board Meeting (Tuesday-Wednesday, April 5-6, 2016)

CU Denver, Tivoli Student Union, Room 320

K. 7:30 - 8:15 a.m.
PRE-MEETING EVENT

L. 8:30 - 11:30 a.m.
PUBLIC BOARD MEETING RESUMES
Chairman Kyle Hybl, presiding - Tivoli 320
(NOTE: All listed times are estimates, actual meeting times may vary)

M. 8:30 - 10:30 a.m.
BUDGET AND FINANCE COMMITTEE, Regent Steve Bosley, presiding

Recommended Action

Motion & Voting

Recommended Action

Recommended Action

Motion & Voting

Recommended Action

Recommended Action

Motion & Voting

Recommended Action

Recommended Action

N. 10:30 a.m. - 12:15 p.m.
HOST CAMPUS REPORT / CU SOUTH DENVER REPORT

O. 12:15 p.m.
ADJOURNMENT

CU Forum

University of Colorado Board of Regents

Tuesday, April 5, 2016 Regular Board Meeting (Tuesday-Wednesday, April 5-6, 2016) CU Denver, Tivoli Student Union, Room 320

F. 3:15 - 4:00 p.m. BOARD OF REGENTS COMMITTEES AND LIAISON ACTIVITIES REPORTS

G. 4:00 - 4:30 p.m. GOVERNANCE LEADERS REPORTS

H. 4:30 - 4:45 p.m. CONSENT AGENDA

Recommended Action

Recommended Action

Recommended Action

I. 4:45 - 5:15 p.m. ACADEMIC AFFAIRS COMMITTEE, Regent Sue Sharkey, presiding

J. 5:15 p.m. RECESS UNTIL APRIL 6, 2016 AT 8:30 a.m.

Wednesday, April 6, 2016 Regular Board Meeting (Tuesday-Wednesday, April 5-6, 2016) CU Denver, Tivoli Student Union, Room 320

K. 7:30 - 8:15 a.m. PRE-MEETING EVENT L. 8:30 - 11:30 a.m. PUBLIC BOARD MEETING RESUMES Chairman Kyle Hybl, presiding - Tivoli 320 (NOTE: All listed times are estimates, actual meeting times may vary)

M. 8:30 - 10:30 a.m. BUDGET AND FINANCE COMMITTEE, Regent Steve Bosley, presiding

Recommended Action

Motion & Voting

Recommended Action

Recommended Action

Motion & Voting

Recommended Action

Recommended Action

Motion & Voting

Recommended Action

Recommended Action

N. 10:30 a.m. - 12:15 p.m. HOST CAMPUS REPORT / CU SOUTH DENVER REPORT

O. 12:15 p.m. ADJOURNMENT

University of Colorado
Board of Regents

Tuesday, April 5, 2016

Regular Board Meeting (Tuesday-Wednesday, April 5-6, 2016)

CU Denver, Tivoli Student Union, Room 320

F. 3:15 - 4:00 p.m.
BOARD OF REGENTS COMMITTEES AND LIAISON ACTIVITIES REPORTS

G. 4:00 - 4:30 p.m.
GOVERNANCE LEADERS REPORTS

H. 4:30 - 4:45 p.m.
CONSENT AGENDA

I. 4:45 - 5:15 p.m.
ACADEMIC AFFAIRS COMMITTEE, Regent Sue Sharkey, presiding

J. 5:15 p.m.
RECESS UNTIL APRIL 6, 2016 AT 8:30 a.m.

Wednesday, April 6, 2016

Regular Board Meeting (Tuesday-Wednesday, April 5-6, 2016)

CU Denver, Tivoli Student Union, Room 320

K. 7:30 - 8:15 a.m.
PRE-MEETING EVENT

L. 8:30 - 11:30 a.m.
PUBLIC BOARD MEETING RESUMES
Chairman Kyle Hybl, presiding - Tivoli 320
(NOTE: All listed times are estimates, actual meeting times may vary)

M. 8:30 - 10:30 a.m.
BUDGET AND FINANCE COMMITTEE, Regent Steve Bosley, presiding

N. 10:30 a.m. - 12:15 p.m.
HOST CAMPUS REPORT / CU SOUTH DENVER REPORT

O. 12:15 p.m.
ADJOURNMENT