As we gather, we honor and acknowledge that the University of Colorado’s four campuses are on the traditional territories and ancestral homelands of the Cheyenne, Arapaho, Ute, Apache, Comanche, Kiowa, Lakota, Pueblo and Shoshone Nations. Further, we acknowledge the 48 contemporary tribal nations historically tied to the lands that comprise what is now called Colorado.
Acknowledging that we live in the homelands of Indigenous peoples recognizes the original stewards of these lands and their legacies. With this land acknowledgment, we celebrate the many contributions of Native peoples to the fields of medicine, mathematics, government and military service, arts, literature, engineering and more. We also recognize the sophisticated and intricate knowledge systems Indigenous peoples have developed in relationship to their lands.
We recognize and affirm the ties these nations have to their traditional homelands and the many Indigenous people who thrive in this place, alive and strong. We also acknowledge the painful history of ill treatment and forced removal that has had a profoundly negative impact on Native nations.
We respect the many diverse Indigenous peoples still connected to this land. We honor them and thank the indigenous ancestors of this place. The University of Colorado pledges to provide educational opportunities for Native students, faculty and staff and advance our mission to understand the history and contemporary lives of Native peoples.
The official CU Board of Regents agenda is the agenda located online at www.boarddocs.com/co/cu/Board.nsf
Speakers are requested to limit their comments to two minutes. Groups with similar comments are requested to identify one spokesperson.
The Board of Regents' adopted rules of parliamentary procedure, Robert's Rules of Order Newly Revised, provide for a consent agenda listing several items for approval of the board by a single motion. Most of the items listed under the consent agenda have gone through board committee review and recommendation. Items may be removed from the consent agenda at the request of any board member.
Minutes will be released upon board approval.
RECOMMENDATION FROM: Chancellor Philip P. DiStefano with the concurrence of Provost Russell L. Moore.
STATEMENT OF INFORMATION: I have reviewed these tenure cases and have approved them. I attest that they are consistent with all
requirements of regent policy.
PREVIOUS ACTION(S): None
CHANCELLOR'S SIGNATURE:
PRESIDENT'S SIGNATURE:
RECOMMENDATION FROM: Chancellor Philip P. DiStefano
STATEMENT OF INFORMATION: I have reviewed these sabbatical applications and approve them. I attest that they are consistent with all
requirements of regent policy.
PREVIOUS ACTION(S): None
CHANCELLOR'S SIGNATURE:
PRESIDENT'S SIGNATURE:
RECOMMENDATION FROM: Chancellor Elliman, with the concurrence of Executive Vice Chancellor for Academic and Student Affairs Nairn
STATEMENT OF INFORMATION: I have reviewed these tenure cases and have approved them. I attest that they are consistent with all requirements of regent policy.
PREVIOUS ACTION(S):
CHANCELLOR'S SIGNATURE:
PRESIDENT'S SIGNATURE:
RECOMMENDATION FROM: Chancellor Elliman with the concurrence of Executive Vice Chancellor for Academic and Student Affairs Nairn
STATEMENT OF INFORMATION: I have reviewed these tenure cases and have approved them. I attest that they are consistent with all requirements of regent policy.
PREVIOUS ACTION(S):
CHANCELLOR'S SIGNATURE:
PRESIDENT'S SIGNATURE:
RECOMMENDATION FROM: Chancellor Elliman, with the concurrence of Executive Vice Chancellor for Academic and Student Affairs Nairn.
STATEMENT OF INFORMATION: I have reviewed this sabbatical application and have approved it. I attest that it is consistent with all requirements of regent policy.
PREVIOUS ACTION(S):
CHANCELLOR'S SIGNATURE:
PRESIDENT'S SIGNATURE:
RECOMMENDATION FROM: Chancellor Michelle Marks, with the concurrence of Provost Constancio Nakuma
STATEMENT OF INFORMATION: I have reviewed these tenure cases and have approved them. I attest that they are consistent with all requirements of regent policy.
PREVIOUS ACTION(S):
CHANCELLOR'S SIGNATURE:
PRESIDENT'S SIGNATURE:
RECOMMENDATION FROM: Chancellor Marks, with the concurrence of Provost Nakuma.
STATEMENT OF INFORMATION: I have reviewed these tenure cases and have approved them. I attest that they are consistent with all requirements of regent policy.
PREVIOUS ACTION(S):
CHANCELLOR'S SIGNATURE:
PRESIDENT'S SIGNATURE:
RECOMMENDATION FROM: Chancellor Michelle Marks, with the concurrence of Provost Nakuma
STATEMENT OF INFORMATION: I have reviewed this sabbatical application and have approved it. I attest that it is consistent with all requirements of regent policy.
PREVIOUS ACTION(S):
CHANCELLOR'S SIGNATURE:
PRESIDENT'S SIGNATURE:
RECOMMENDATION FROM:
Chancellor Venkat Reddy with concurrence of Interim Executive Vice Chancellor and Provost Kelli Klebe.
STATEMENT OF INFORMATION:
I have reviewed this tenure case and have approved it. I attest that it is consistent with all requirements of regent policy.
PREVIOUS ACTION(S):
CHANCELLOR'S SIGNATURE:
PRESIDENT'S SIGNATURE:
RECOMMENDATION FROM: Chancellor Venkat Reddy, with the concurrence of the Interim Provost Kelli J. Klebe.
STATEMENT OF INFORMATION:
I have reviewed these tenure cases and have approved them. I attest that they are consistent with all requirements of regent policy.
PREVIOUS ACTION(S):
CHANCELLOR'S SIGNATURE:
PRESIDENT'S SIGNATURE:
RECOMMENDATION FROM:
Chancellor Venkat Reddy with concurrence of Interim Provost Kelli Klebe.
STATEMENT OF INFORMATION:
Please find attached proposals to establish three academic departments as part of a larger reorganization of the UCCS School of Public Affairs, now named School of Public Service. Administrative Policy Statement 1041: Approval of Academic Units requires approval of the Board of Regents before establishing departments. The proposals are accompanied by a detailed white paper that provides background and justification for this request.
PREVIOUS ACTION(S):
None.
CHANCELLOR'S SIGNATURE:
PRESIDENT'S SIGNATURE:
RECOMMENDATION FROM:
Chancellor Michelle Marks with concurrence of Provost Constancio Nakuma.
STATEMENT OF INFORMATION:
This is a proposal for a new Master of Science in Entrepreneurship (MS in Entrepreneurship) degree program offered by the Business School and the Jake Jabs Center for Entrepreneurship at the University of Colorado Denver (CU Denver). We have reason to believe that there is a strong, untapped demand for such a program from prospective and current students, as well as from Colorado community members and employers. There is also interest from a potential donor to name or otherwise support the program.
PREVIOUS ACTION(S): None.
CHANCELLOR'S SIGNATURE:
PRESIDENT'S SIGNATURE:
RECOMMENDATION FROM: Chancellor Phil P. DiStefano
STATEMENT OF INFORMATION: This action, if approved, will establish a multi-year amended and restated employment agreement (“Agreement”) with Thomas Boyle, Head Coach Men’s Basketball.
Terms are as set forth herein, abbreviated, and attached:
Term:
Base, Supplemental, Incentive Salary (Competitive & Academic Success)
Base Salary: $300,000
Supplemental Salary:
Radio, Television and Public Appearances: $625,000,
Promotion and Fundraising: $625,000,
Sponsorship Support: $625,000,
Community Relations and Outreach: $220,000
Basketball Camps: $30,000,
Incentive Salary:
Team wins 19 regular season games: $30,000
Team wins 21 regular season games: $30,000
Pac-12 Regular Season Conference Champions: $105,000
Pac-12 Tournament Semi-finalist: $75,000
Pac-12 Tournament Conference Champions: $30,000
Pac-12 Coach of the Year: $30,000
National Coach of the Year: $75,000
Team participates in post-season NIT Championship: $30,000
Team wins post-season NIT Championship: $75,000
Team participates in Round 1 of NCAA Tournament: $105,000
Team participates in Round 2 of NCAA Tournament: $30,000
Team participates in Sweet 16 of NCAA Tournament: $30,000
Team participates in Elite 8 of NCAA Tournament: $30,000
Team participates in Final 4 of NCAA Tournament: $105,000
Team wins NCAA National Championship: $750,000
Team attains an APR rating of 980: $2,500
Allowances (If Applicable):
Receives a courtesy car
Tickets: 8 season tickets for Women’s Basketball, Football and Men’s Basketball
Country Club Membership: $7,200
Nike: $3,500
Retention Bonus
If Boyle is employed as the Head Men’s Basketball Coach on July 1, 2023, Boyle to receive a Retention Bonus of $200,000. If Boyle is employed as the Head Men’s Basketball Coach on July 1, 2025, Boyle to receive a Retention Bonus of $200,000.
Termination by Head Coach/Liquidated Damages
If Boyle terminates this Agreement prior to the expiration of its term, Boyle shall pay the University as liquidated damages the sum of:
(i) Five Hundred Thousand Dollars ($500,000) if terminated on or before June 30, 2023.
(ii) Five Hundred Thousand Dollars ($500,000) if terminated after June 30, 2023 and on or before June 30, 2024.
(iii) Two Hundred Fifty Thousand Dollars ($250,000) if terminated after June 30, 2024 and on or before June 30, 2025
(iv) Two Hundred Fifty Thousand Dollars ($250,000) if terminated after June 30, 2025 and on or before June 30, 2026
(v) One Hundred Thousand Dollars ($100,000) if terminated after June 30, 2026 and on or before June 30, 2027
(vi) One Hundred Thousand Dollars ($100,000) if terminated during any Contract Year after the University issues a notice of intent not to extend under paragraph 2(b)
Termination by Without Cause, Damage Mitigation Obligation
The contract provision regarding the maximum amount of damages Coach may claim if the University terminates the agreement without cause. Provision provides that Coach can only claim damages from the University in an amount up to and which shall not exceed:
(i) the amount of his Base Salary for the period from the date of the termination through June 30, 2027;
(ii) the total amount of his Supplemental Salary for 5(a) radio, television and public appearances, 5(b) his promotion and fundraising and 5(c) sponsorship support and 5(d) community relations and outreach for the period from the date of termination through June 30, 2027; and
(iii) the total amount of Incentive Salary related to the Competitive and Academic Success earned under the terms of this Agreement and unpaid prior to the date of termination.
PREVIOUS ACTION(S):
Regents approved 5 year Amended and Restated Agreement for Boyle on February 12, 2021.
Regents approved 5 year Amended and Restated Agreement for Boyle on February 13, 2020.
Regents approved 5 year Amended and Restated Agreement for Boyle on February 13, 2019.
Regents approved 5 year Amended and Restated Agreement for Boyle on June 21, 2018.
Regents approved 5 year Amended and Restated Agreement for Boyle on April 10, 2017.
Regents approved 5 year Amended and Restated Agreement for Boyle on February 19, 2016.
Regents approved 5 year Amended and Restated Agreement for Boyle on May 27, 2015.
Regents approved 5 year Amended and Restated Agreement for Boyle on June 20, 2013.
Regents approved 5 year Amended and Restated Agreement for Boyle on February 23, 2012.
Regents approved 5 year Agreement for Boyle on May 9, 2010.
CHANCELLOR'S SIGNATURE:
PRESIDENT'S SIGNATURE:
RECOMMENDATION FROM:
Chancellor DiStefano with the concurrence of Provost and Executive Vice Chancellor for Academic Affairs Moore and Executive Vice Chancellor and Chief Operating Officer O’Rourke
STATEMENT OF INFORMATION:
The University of Colorado Boulder and Existing Tenant entered the Existing Ground Lease on August 19, 2021 for approximately 2.95 acres of land located within Grandview Terrace in the northwest area of the University of Colorado Boulder campus. The campus entered the Existing Ground Lease under authority granted by the Regents by resolution on November 6, 2019. The Property consists of two easily demarcated parcels separated by Grandview Avenue. An aerial view of the Property identifying the Property and its constituent North and South Parcels is attached.
The Existing Ground Lease contemplates that Existing Tenant would develop and own the conference center and related hotel parking and CUBEC would develop and own only those parking spaces for campus use. However, this shared ownership approach is based on a complex small planned community development arrangement memorialized through multiple agreements. Ultimately, to allow the parties to most effective address design consensus, financing clarity, allocation of costs, and parking operations experience, CUBEC and Existing Tenant have agreed that the preferable solution is to have CUBEC solely owning the garage, achieved through a division of the Existing Ground lease into a South Lease and a North Lease as proposed herein.
Under the South Lease, the Existing Tenant would remain the tenant on the South Parcel - the site upon which the conference center and hotel building will be constructed. The South Lease would be an amended and restated ground lease on substantially the same terms as the Existing Ground Lease and the Existing Tenant would retain the obligation to design, build, finance, own, operate and maintain the conference center and hotel.
Under the newly created North Lease, CU Boulder Enterprise Corporation (“CUBEC”), a nonprofit affiliate of the University of Colorado Boulder, would co-develop, finance, own, operate, and maintain a ±500 space parking garage on the North Parcel to serve both the needs of the conference center and hotel and those of the campus. CUBEC would enter into ancillary agreements with the Existing Tenant and the campus to memorialize their respective uses of the garage.
Approval to divide the Existing Ground Lease as proposed would enable CUBEC to take on the financing, ownership, and operational roles for the entire parking structure, and would offer some notable benefits including:
CUBEC is a Colorado non-profit corporation and supporting organization of CU Boulder. It is operated for educational and charitable purposes within the meaning of Section 501(c) (3) of the Internal Revenue Code (IRC) specifically for the benefit of and to carry out the purposes of CU Boulder.
PREVIOUS ACTION(S):
None.
CHANCELLOR'S SIGNATURE:
PRESIDENT'S SIGNATURE:
The Board of Regents' adopted rules of parliamentary procedure, Robert's Rules of Order Newly Revised, provide for a consent agenda listing several items for approval of the board by a single motion. Most of the items listed under the consent agenda have gone through board committee review and recommendation. Items may be removed from the consent agenda at the request of any board member.
See attached.
Presenters will include:
Chad Marturano, Acting CFO
Annie Baccary, Associate Vice President & Advancement Administration Officer
Todd Haggerty, Vice Chancellor for Finance and Business Operations, CU Denver
Karl Spiecker, Interim Vice Chancellor for Administration and Finance, UCCS
Ryan Davis, Associate Vice Chancellor for Budget, Planning and Analysis & Jay Campbell, Associate Vice Chancellor for Facilities, CU Anschutz
Pat O’Rourke, Executive Vice Chancellor and Chief Operating Officer, CU Boulder
See attached report.
RECOMMENDATION FROM: Tony Vu, Treasurer of the University of Colorado
RECOMMENDED ACTION:
RESOLVED that the FY 2022-23 operating budgets, including the auxiliary and restricted fund budgets, for the Board of Regents, System Administration, the Boulder, Colorado Springs, Denver, and Anschutz Medical campuses be and are hereby approved. The operating budgets are presented in the current funds format;
RESOLVED that the accompanying operating budgets incorporate the compensation for all personnel as governed by the compensation policy and principles previously adopted by the Board of Regents;
RESOLVED that the FY 2021-22 estimated actual budget for the Board of Regents, System Administration, the Boulder, Colorado Springs, Denver, and Anschutz Medical campuses reflecting the anticipated changes in auxiliary and restricted revenues and expenses be and are hereby approved; and
RESOLVED that if General Fund revenue exceeds the initial FY 2022-23 budget by greater than 1.5 percent, the campuses shall seek approval from the president and the Board of Regents prior to spending the revenue consistent with the Budget and Net Position Internal Reporting Policy (APS 4058).
RECOMMENDATION FROM:
Acting Chief Financial Officer, Chad Marturano
STATEMENT OF INFORMATION:
The proposed budgets for FY 2022-23 reflect the collective efforts of the Regents, campuses, and the Office of the President. The proposed university budget follows guidance from the spending parameters identified in H.B. 22-1329, the state’s Long Appropriations Bill in FY 2022‑23.
Overall, the total current funds proposed budget for the university is $5.52 billion in FY 2022-23. Key total revenue increases include:
As in prior years, the university will primarily receive state funding in the form of College Opportunity Fund student stipends and a College Opportunity Fund Fee-For-Service agreement as approved by the General Assembly and Governor in the Long Appropriations Bill:
The proposed FY 2022-23 budget demonstrates the university’s commitment to high-quality education, research, and health care. Additional investments are balanced against the desire to keep tuition in check.
The proposed budget has been detailed in the FY 2022-23 Operating Budget attachments below. Sections 1 through 6 provide detailed information about the anticipated revenue, expenses, and enrollment levels by campus.
PREVIOUS ACTION(S):
On April 7, 2022, the Board of Regents approved tuition and fee rates, and compensation rates, for FY 2022-23.
On June 17, 2021 the Board of Regents approved a four-year guarantee for first-time resident undergraduate tuition rates and mandatory fees (30 student credit hours) through FY 2024-25.
RECOMMENDATION FROM:
Regents Audit Committee
STATEMENT OF INFORMATION:
The Audit Committee Charter was last updated in June 2015. Since then, there have been some changes to state regulations and university laws and policies, as well as practices of the Committee. AVP Vartanova recommended a review the Audit Committee Charter for areas that need to be updated based on those changes. The Audit Committee approved these changes at the June 15 committee meeting.
PREVIOUS ACTION(S):
RECOMMENDATION FROM:
Governance Committee; Regent Laws and Policies Review Committee
STATEMENT OF INFORMATION:
No changes are recommended for Regent Policy 14.D. This will be placed on the calendar for a vote at the September board meeting.
PREVIOUS ACTION(S):
Having no further business, the board business meeting was adjourned at TIME