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Committee approves consent items including Duluth land sale and several personnel agreements
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Summary
The Finance & Operations Committee approved the consent report, which included technical retirement plan updates, appointment of Dr. Bonnie Keeler to the Clean Water Council, a three‑year collective bargaining agreement covering 71 law enforcement employees, the sale of a 2.34‑acre Duluth lot to Minnesota Power for $120,000, and several employment agreements including naming Tarek Tomes as CIO.
The committee approved the consent report after a summary by Executive Vice President Goldman. Key items included technical updates to core retirement plans, assignment of a debt advisory contract to Echo Financial Products to maintain continuity for an upcoming debt refinancing, appointment of Dr. Bonnie Keeler as the university's representative to the Minnesota Clean Water Council, and a three‑year collective bargaining agreement for 71 law enforcement employees across multiple campuses that runs through December 2028.
A real estate item on the consent agenda would transfer a 2.34‑acre lot at 507 West College Street in Duluth to Minnesota Power for $120,000 (appraised value). Because one regent announced a recusal for the Duluth transaction, the committee pulled that item for a separate vote; the committee then moved, seconded and approved the Duluth sale item. The report also included four employment agreements, including the selection of Tarek Tomes as the incoming Vice President and Chief Information Officer, effective March 16.
The committee took a voice vote to approve the overall consent report and the separately considered Duluth sale; individual roll call tallies were not recorded in the meeting transcript provided.
