BOARD OF TRUSTEES
THE CITY UNIVERSITY OF NEW YORK
535 EAST 80TH STREET
NEW YORK, NEW YORK 10021

CALENDAR

MARCH 25, 2002

NO. 1. UNIVERSITY REPORT: RESOLVED, That the University Report for March 25, 2002 (including Addendum Items) be approved:

EXPLANATION: The University Report consists of the highlights of the personnel actions and other resolutions of a non-policy nature which require approval by the Board of Trustees.

NO. 2. CHANCELLOR’S REPORT: RESOLVED, That the Chancellor’s Report for March 25, 2002 (including Addendum Items) be approved:

EXPLANATION: The Chancellor’s Report consists of standard resolutions and actions of a non-policy nature which require approval by the Board of Trustees.

NO. 3. APPROVAL OF MINUTES: RESOLVED, That the minutes of the regular Board meeting of February 25, 2002 be approved.

NO. 4. COMMITTEE ON FACILITIES, PLANNING, AND MANAGEMENT: RESOLVED, That the following items be approved:

A. QUEENSBOROUGH COMMUNITY COLLEGE - AMENDMENT TO RENOVATION AND EXPANSION OF THE OAKLAND ART GALLERY BUILDING:

RESOLVED, That the Board of Trustees of The City University of New York amend the resolution adopted at the meeting of September 25, 2000, Cal. No. 6.B., for renovation and expansion of the Oakland Art Gallery Building at Queensborough Community College, to authorize an increase in the estimated cost from $3,201,951 to a new estimated cost of $4,596,000, chargeable to City Capital Budget, Project No. QB175-098.

EXPLANATION: The increased cost is justified by expanding the scope of work to include replacement of the existing deteriorated heating system with a new, more efficient system, and by recent increases in local construction costs.

B. LAGUARDIA COMMUNITY COLLEGE - LEASE EXTENSION:

RESOLVED, That the Board of Trustees of The City University of New York authorize the Secretary of the Board to execute a four and a half year lease extension for approximately 79,000 square feet of space at 29-10 Thomson Avenue, Long Island City, N.Y. to Mercury Beach Maid, Inc. The agreement shall be subject to approval as to form by the University Office of General Counsel.

EXPLANATION: In July of 1998, the Dormitory Authority of the State of New York, on behalf of the University, purchased 29-10 Thomson Avenue in Long Island City for use by LaGuardia Community College. The facility, which already housed the College as a tenant, was acquired subject to existing short-term leases of three other commercial tenants in the building. The leases for these commercial tenants were subsequently assigned to CUNY from the Dormitory Authority.

The College will ultimately renovate and occupy all of the floors in the building. It is anticipated that within the next five years, the University will have sufficient capital funding to start renovation work in those spaces now occupied by the commercial tenants. In the intervening time, the University will allow the three commercial tenants to remain in the building under short-term lease extensions. Allowing these tenancies to continue under short-term leases will provide continued rental income from these leases.

One of these three tenants, Mercury Beach-Maid, Inc., is a sportswear apparel company, which uses this space for offices, shipping, and showrooms. By resolution dated September 25, 2000, Cal. No. 6.H., the Board approved a prior lease extension through June 30, 2001.

The terms of the proposed lease extension are as follows:

Extended Term: 7/1/01 to 12/31/05 (the current lease term ended 6/30/01).
Area: 79,000 square feet of space (parts of the 1st and 9th Floors).
Base Rent: First Year - $310,000 per annum.
Second Year - $318,500 per annum.
Third, Fourth and Fifth Years - $318,500 per annum plus CPI increases.

Cancellation Rights: Either party can cancel the lease upon 9 months prior notice.

C. QUEENS COLLEGE - LEASE RENEWAL:

RESOLVED, That the Board of Trustees of The City University of New York authorize the Secretary of the Board to execute a ten-year renewal of a lease, on behalf of Queens College, for the entire building known as 154-11 65th Avenue, Flushing, New York. The agreement shall be subject to approval as to form by the University Office of General Counsel.

EXPLANATION: The University has leased 154-11 65th Avenue, also known as Kissena Hall, on behalf of Queens College since 1971. The building has 29,000 square feet of space and consists of classrooms, as well as faculty and administrative offices. The current ten-year lease (authorized by the Board on May 28, 1991, Cal. No. 1, ended on September 30, 2001. The current annual rent is $385,700 ($13.30/SF). The University has been a holdover tenant pending a renewal of the lease.

Under the proposed new ten-year lease renewal, the new term will start on March 1, 2002 and end on February 2, 2012. The base rent will be $543,750 ($18.75/SF) per annum for the first five-years and $635,240 ($21.90/SF) per annum for the second five years. The landlord, at its cost, will provide a number of improvements to the space including an HVAC upgrade and elevator renovation.

The University will continue to provide its own cleaning and pay for utilities and taxes. The landlord will continue to be responsible for repairs and maintenance of the structure and mechanical systems.

D. CITY COLLEGE - NEW YORK STRUCTURAL BIOLOGY CENTER LEASE AMENDMENT:

RESOLVED, That the Board of Trustees of The City University of New York authorize the Secretary of the Board to execute a lease amendment to allow the New York Structural Biology Center, Inc., to construct a 20,000 square foot extension to the Park Gymnasium Building on the campus of The City College in connection with a grant obtained from the New York State Office of Science Technology and Academic Research, and to execute any other related documents. The documents shall be subject to approval as to form by the University Office of General Counsel.

EXPLANATION: The New York Structural Biology Center, Inc. ("NYSBC") is a consortium of nine local preeminent medical institutions and universities (including The City University of New York), dedicated to providing New York scientists with the facilities to pursue collaborative research in the field of nuclear magnetic resonance. On January 25, 1999, Cal. No. 7.D., the Board approved a 40-year lease of the Park Gymnasium Building to the NYSBC for a nominal consideration of $1.00 per year. In return for making the property available - and without any further financial consideration during the term of the lease - the University is allowed to participate as a sustaining member of the Center, the highest level of participation. (Other Sustaining Members are required to make an initial contribution of one million three hundred fifty thousand dollars ($1,350,000), in addition to paying annual membership fees.)

Under the current lease, the New York Structural Biology Center is renovating and expanding the Park Gymnasium Building to create a new magnetic resonance technology center (the "Phase I Expansion").

Recently, on behalf of NYSBC, the University was awarded a fifteen million dollar ($15,000,000) grant from the New York State Office of Science Technology and Academic Research ("NYSTAR") to permit the construction of a 20,000 square foot further addition to the Park Gymnasium Building (the "Phase II Expansion") on approximately .86 acres. The proposed lease amendment will provide the additional land area necessary for the Phase II Expansion.

NO. 5. HONORARY DEGREES: RESOLVED, That the following honorary degrees, approved by the appropriate faculty body and recommended by the Chancellor, be presented at the commencement exercise as specified:

(To be awarded at the May 31, 2002 Commencement Exercises)