Regents to Consider Bond Issue for New Residence Hall

by News Bureau on Wednesday, Dec. 14, 2011

CAPE GIRARDEAU, Mo., Dec. 14, 2011 – The Southeast Missouri State University Board of Regents will meet at 2 p.m. Dec. 15 in the University Center Ballroom to consider approving a resolution to issue $29 million in System Facilities Revenue Bonds Series 2011B, the proceeds of which will be used to help fund construction of a new residence hall on the north end of campus.

A 262-bed residence hall is expected to open in fall 2013 on an existing parking lot on the east side of Greek Drive, adjacent to the football practice field. In October, the Board approved the feasibility of building a new residence hall and approved two resolutions declaring the University’ intent to issue bonds to provide construction proceeds to fund the project.

Prior to the meeting, Kendra Neely-Martin will be sworn in as the newest member of the Southeast Missouri State University Board of Regents. The Honorable Iris Ferguson will issue the oath of office. Neely-Martin, a pharmaceutical sales specialist, not-for-profit organization marketing consultant and certified parent instructor from St. Louis, will replace Reginald Dickson of St. Louis whose term on the Board has expired. Neely-Martin’s term will run through Jan. 1, 2017. The Board will also consider a resolution of honor for Dickson as his service to the Board comes to an end.

In other action, the Board will consider accepting the annual audits for the year ending June 30, 2011, from Rubin Brown. These will include the annual financial report, the A-133 Single Audit Report on the Schedule of Expenditures of Federal Awards and the System Facilities Financial Report.

The Regents also will consider conferring degrees on December graduates.

Among other business, the Board will consider consent items, including a Faculty Senate bill which is a revision of the Research Funds Policy and several academic program changes.

The Regents will consider a motion to go into a closed session for appropriate considerations. When the open session reconvenes, the final item on the agenda will be consideration of a motion to adjourn.