The official minutes of the University of South Carolina Board of Trustees are maintained by the Secretary of the Board. Certified copies of minutes may be requested by contacting the Board of Trustees’ Office. Electronic or other copies of original minutes are not official Board of Trustees' documents.

The Executive Committee of the University of South Carolina Board of Trustees met on Thursday, April 21, 2004, at 1:00 p.m. in the Carolina Plaza Board Room.

Members present were: Mr. Mack I. Whittle, Jr., Chairman; Mr. Herbert C. Adams; and Mr. James Bradley, Mr. Michael J. Mungo. Members absent were: Dr. C. Edward Floyd and Mr. William C. Hubbard. Other Trustees present were: Mr. Arthur S. Bahnmuller; Mr. Samuel R. Foster, II; Mr. Toney J. Lister; Mr. Miles Loadholt; Mr. Robert N. McLellan; Ms. Darla D. Moore; Mr. James A. Shuford, III; Mr. M. Wayne Staton; Mr. John C. von Lehe, Jr.; Mr. Eugene P. Warr, Jr.; and Mr. Othniel H. Wienges.

Others present were: President Andrew A. Sorensen; Secretary Thomas L. Stepp; Vice President for Academic Affairs and Provost Jerome D. Odom; Vice President and Chief Financial Officer Richard W. Kelly; Vice President for Research and Health Sciences Harris Pastides; Vice President for University Advancement T. W. Hudson Akin; Vice President for Information Technology and Chief Information Officer William F. Hogue; Vice President for Human Resources Jane M. Jameson; Vice President for Student Affairs Dennis A. Pruitt; General Counsel Walter (Terry) H. Parham; Chancellor of USC Aiken Thomas L. Hallman; Chancellor of USC Beaufort Jane T. Upshaw; Chancellor of USC Spartanburg John C. Stockwell; Dean of USC Lancaster John Catalano; Dean of USC Salkehatchie Ann Carmichael; Dean of USC Sumter Leslie C. Carpenter; Dean of USC Union James W. Edwards; Dean of the College of Engineering and Information Technology Ralph E. White; Interim Dean of the Arnold School of Public Health Donna L. Richter; Dean of the Graduate School Gordon B. Smith; Executive Vice Chancellor for Academic Affairs, USC Beaufort, Rayburn Barton; Associate Vice Provost of Regional Campuses and Continuing Education, Carolyn A. West; Assistant Treasurer Susan Hanna; Associate Professor in the Department of Pharmacology, Physiology, and Neuroscience, School of Medicine and Chair of the Faculty Senate, James R. Augustine; Professor in the Department of Retailing, College of Hospitality, Retail, and Sport Management and Chair of the Faculty Welfare Committee, Peter J. Graham; Chair of the Department of Sport and Entertainment Management Tom H. Regan; Assistant to the Vice President, Office of Business and Finance, Ken Corbett; Associate Professor and Chair, Department of Health Services Policy and Management, Carleen Stoskopf; Assistant Professor in the Department of Computer Science and Engineering, Csilla Farkas; Associate Professor in the Department of Retailing, College of Hospitality, Retail, and Sport Management, Tena Crews; Haynsworth Sinckler Boyd, Attorneys Margaret Pope and Eric Shytle; A. G. Edwards, Financial Advisor, Dianne McNabb; Office of Media Relations, Public Information Officer Karen Petit; and Director of University Communications, Division of University Advancement, Russ McKinney, Jr.

Chairman Whittle called the meeting to order and invited Board members to introduce themselves. Mr. McKinney stated that there were no members of the media in attendance. Chairman Whittle stated that notice of the meeting had been posted and the press notified as required by the Freedom of Information Act; the agenda and supporting materials had been circulated to members of the Committee; and a quorum was present to conduct business.

There were contractual matters which were appropriate for discussion in Executive Session. Chairman Whittle called for a motion to enter Executive Session. Mr. Bradley so moved. Mr. Mungo seconded the motion. The vote was taken, and the motion carried.

The following persons were invited to remain: Dr. Sorensen, Mr. Stepp, Mr. Kelly, Dr. Odom; Dr. Pruitt, Ms. Jameson; Dr. Plyler; Dr. Hogue; Mr. Akin; Mr. Parham, Mr. McKinney, Ms. Tweedy and Ms. Stone.

Return to Open Session

1. Housing Revenue Bond Resolution: Chairman Whittle called on Mr. Kelly who reported that the University was requesting approval of a Housing Revenue Bond Resolution to finance the construction of the South Campus Phase III housing which was scheduled to open in fall 2004. Mr. Kelly stated that In July 2003, the University issued interim BANS in the amount of $32,700,000 for these projects. The current resolution would issue bonds not to exceed $32,700,000 in order to pay off these BANS. The University expected to issue bonds in the amount of $30,900,000 with the remaining $1,800,000 to be paid from Housing Funds.
   
   Mr. Mungo moved to approve the Housing Revenue Bond Resolution not to exceed $32,700,000 to pay off an interim BAN issued in July 2003 to finance the construction of the South Campus-Phase III housing on the Columbia campus. Mr. Bradley seconded the motion. A vote was taken and the motion carried.
   
   
2. Contracts Valued in Excess of $250,000:
   
   
   1. Spartanburg Telephone System Lease/Purchase: Chairnman Whittle called on Mr. Parham who reported that USC Spartanburg had requested approval to purchase telecommunication equipment from E-Plus Technology Company for the sum of $496,261.73. Second, to enter into an equipment Lease/Purchase Agreement to finance those acquisitions costs over a five-year period. The interest rate would be 2.81 percent and financed through Banc of America pursuant to an agreement with the State Treasurer's office. The total cost of the acquisition would be $539,017 payable in five equal installments over the five-year period. For the money, Mr. Parham stated that the University would be purchasing telecommunication equipment which would enhance the campus's technology level and the installation of a new phone system that had more capabilities than the current system. USCS considered this equipment to be critical to the needs of the campus as it continued to progress.
      
      Mr. Bradley moved approval of the Spartanburg Telephone System Lease/Purchase Agreement as reported by Mr. Parham. Mr. Mungo seconded the motion. A vote was taken and the motion carried.
      
      
   2. Doctorate of Public Health Extended to Kyung Hee University:
      Chairman Whittle called on Dr. Richter who reported that USC had created a Doctor of Public Health (DrPH) degree Program with Kyung Hee University in Seoul, Korea. The instructional components would be provided collaboratively with USC faculty and Kyung Hee University's faculty, many of whom had been educated in the State at a combination of USC School of Business and the Walden School. The program would not incur any costs to the University and was self-sustaining. In addition, it would generate revenue that could be used to further research.
      
      Mr. Mungo moved approval of the Doctor of Public Health degree program as presented. Mr. Bradley seconded the motion. A vote was taken and the motion carried.
      
      
   3. Employment Agreement of Head Men's Basketball Coach: Chairman Whittle stated that this agenda item would be deferred. Dr. McGee had requested additional time for the process and would report on this item in the future.
      Without objection, the Board deferred this agenda item.

Since there were no other matters to come before the Committee, Chairman Whittle declared the meeting adjourned.

Respectfully submitted,
Thomas L. Stepp
Secretary