Board of Trustees action items, August 15, 2022 

The Board of Trustees of Illinois State College accepted plenty of resolutions at its quarterly assembly on August 15, 2022. Full textual content of these resolutions could be discovered on the Board of Trustees web site.    

Property insurance coverage  
The Board of Trustees licensed the College to buy property insurance coverage for FY2023 for an annual premium to not exceed $1.2 million. Illinois State owns and maintains property and enterprise interruption insurance coverage valued at roughly $2 billion. Via its membership within the Midwestern Larger Training Compact and the Illinois Public Larger Training Cooperative (IPHEC), the College is ready to buy protection from a set of well-respected and financially sound insurance coverage firms by the insurance coverage dealer Alliant Insurance coverage Providers, Inc. Funding comes from common income and auxiliary amenities system working revenues.      

Hearth providers settlement  
Trustees licensed the yearly intergovernmental settlement between the City of Regular and Illinois State for hearth safety providers for the College. The settlement for FY2023 features a price to not exceed $628,348. The settlement is modified every year to require a brand new reimbursement price that displays the upper municipal prices related to offering hearth safety providers. The City of Regular makes use of a value index to calculate the brand new reimbursement price that’s decided by the Illinois Municipal League and utilized in different college communities throughout the state. Funding comes from common income and auxiliary amenities system working revenues.    

Nationwide Board for Skilled Educating Requirements 
Trustees licensed a contract with the Nationwide Board for Skilled Educating Requirements to assist trainer candidates. The settlement features a price of $707,525 to supply the instruments crucial to substantiate the certifications of academics from across the State of Illinois who select to take part on this initiative. 

Auxiliary amenities system income bonds  
Trustees gave Illinois State authorization to refund income bonds to pay for renovations to Hancock Stadium. The brand new bonds might be issued in an quantity to not exceed $14,000,000 with a real curiosity price of borrowing to not exceed 4 %. The debt service financial savings are estimated to exceed $200,000 over the lifetime of the brand new debt. The renovations had been the primary seen at Hancock Stadium because it was inbuilt 1961.  

Studying administration software program 
Trustees licensed a five-year contract with Instructure for a brand new studying administration system (LMS) price to not exceed $2,350,000. The brand new system, referred to as Canvas, will substitute the present studying administration system, ReggieNet, that has been in place for practically 10 years. The advice for Canvas from the LMS Assessment Management Crew comes with enter from College deans, educational division heads, the president’s cupboard, the Pupil Authorities Affiliation, and the Educational Senate. 

Capital venture, WGLT 
Trustees licensed a capital venture to plan, design, and renovate the house on 500 W. Locust St. in Regular that can combine the places of work of WGLT radio operations with the coed newspaper The Vidette. The renovation, to not exceed $650,000, will combine enterprise and operational features in addition to instructional alternatives for college students.  

Sublease for Mennonite Faculty of Nursing 
Trustees licensed the College to enter right into a lease settlement with Memorial Well being System to extend capability for nursing schooling by Mennonite Faculty of Nursing. The College will sublease 9,990 ft of house in Springfield, Illinois, for school rooms, expertise labs, workplace, and laboratory use. The price of renovations to the house and the annual sublease funds, at $286,685, are anticipated to be coated by a grant from Memorial Well being System.  

Raab Highway property 
The Board of Trustees licensed the College to enter into agreements to accumulate the property situated at 715 and 755 Raab Highway, the previous location of Lincoln Faculty places of work in Regular with a value to not exceed $4.1 million.  The property, which follows the College’s plan for buying strategic properties close to the campus, is situated adjoining to the College’s Horticulture Middle. 

Recognition of former Trustees Rocky Donahue  
Trustees acknowledged the contributions of former Trustee Rocky Donahue. Initially appointed to the Board in 2011, Donahue previously served as chair of the Board, and is a present member of the Illinois Public Transportation Affiliation Board of Administrators, Good Shepherd Board of Administrators, a member of the APTA Legislative Committee, and a member of the ARC of Illinois.