the field for Wildcat student-athletes, space for relocating the existing scoreboard, flag poles, and a special donor-recognition area. In November 2017, the Board of Trustees authorized this project at an estimated cost of $4 million, to be funded entirely by the CWU Foundation. In January, the CWU Alumni Association committed $250,000 toward the construction of an Alumni Plaza at the north end of the field. Soon after, an individual alumnus committed $100,000 to augment that initiative. The concept-development of the Alumni Plaza has just begun, but key elements likely will include a raised area on the north end of the stadium where the alumni tent now stands. The plaza will be elevated about six feet and look out over field. To date, the CWU Foundation has received $3 million in commitments for the Tomlinson Stadium Renovation. University Advancement (UA) staff are meeting with donors, alumni and friends capable of making leadership level commitments to the project. The goal is to have all the funds committed for the project before the end of the fiscal year. The Capital Master Plan update was drafted but not completed in FY 2013. This planning effort involved the procurement of professional services, directing a comprehensive study requiring the engagement of the entire university community. This effort, while very important, was costly and extremely time consuming. It should be noted that much of the information from 2013 planning effort is still applicable in FY 2019. Therefore, the intention is to update the 2013 document using current data where appropriate and then secure professional services to assist with compilation and written presentation of the draft FY19 Capital Master Plan. INFORMATION – BUSINESS AND FINANCIAL AFFAIRS Vice President Klucking introduced Susan Musselman and Thomas Toepfer from Public Financial Management. Susan has worked with the university for approximately 20 years and is retiring. Thomas will become our new contact at Public Financial Management. To honor Susan, President Gaudino read the following resolution into record: WHEREAS , Susan Musselman has served as financial advisor to CWU from 2002 to 2018; and WHEREAS , she has contributed to board decisions about bond financing, and funding strategies and structure for the renovations of Kamola Hall and Sue Lombard Hall, and the construction of the Student Union and Recreation Center, Wendell Hill Hall, Barto Hall, and the new residence hall project now underway; and WHEREAS , she has assisted the university with the refinancing of three bond issuances to achieve lower debt costs, helping the university to save millions of dollars over the next 20 years; and WHEREAS , she has advised the university in ways that only Susan can—with humor, patience, and diplomacy--on financial matters with varying degrees of merit; and WHEREAS , Susan’s contributions have had a long-term and positive impact on the vitality of the campus in general and on the student experience in particular;
5 Board of Trustees Minutes May 17-18, 2018
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