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Finance committee approves coal contract, Springfield property purchases and expansion of online‑program vendor agreement
Summary
Trustees’ finance committee approved a 5‑year, $16 million coal procurement contract for the SIUC power plant; acquisition of two Springfield parcels for the School of Medicine for a combined $123,000 plus demolition/closing costs; and a request to increase the online program management agreement with RizePoint, including delegation of authority to add high‑demand programs.
The Finance Committee approved several procurement and real‑estate matters on Dec. 4.
Coal contract: Vice Chancellor Simmers told trustees the committee recommended awarding a five‑year contract for coal supply, coal hauling, ash disposal and ash hauling for the SIUC power plant to Knight Coal LLC (Percy, Illinois). The presenter said the five‑year contract totals $16,000,000 and was the lowest responsive bid; the committee approved the item by roll call.
Springfield real estate: The committee approved purchase of two properties in Springfield to support expansion of the SIU School of Medicine campus: 309 West Reynolds for $43,000 (adjacent to the Simmons Cancer Institute employee parking lot) and 1043 North Franklin for $80,000 (behind an existing university building). The total purchase price reported was $123,000, and presenters estimated associated closing and demolition costs of approximately $76,800; funding will come from non‑appropriated funds.
RizePoint contract revision: Provost Cough presented a request to increase the award amount for the current online program management agreement with RizePoint LLC (formerly Academic Partnerships) that provides targeted marketing and recruiting support for online programs. The transcript states the original, board‑approved contract amount as $5,500,000,000 for a five‑year term ending July 2029; presenters said projected expenditures will exhaust the current contract by mid‑spring 2026 and requested approval to increase the award and to delegate to the president authority to add high‑demand online programs under the existing terms. The committee approved the revision by roll call.
All three items were approved by committee and will proceed to final administrative processing consistent with campus procurement rules and funding sources.
