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After closed session, Regents approve property purchases for ECU and UCO
Summary
The RUSO Board entered executive session to discuss property, personnel and pending litigation; after returning to open session the board approved East Central University purchasing two properties (at or below appraised values) and approved University of Central Oklahoma purchasing a property for up to $1.3 million.
The Board of Regents voted to enter executive session under 25 O.S. §307 to discuss sale, purchase, lease, acquisition or appraisal of real property, personnel matters and multiple pending litigation and administrative complaints. The items listed for confidential discussion included numerous litigation dockets and employment matters for presidents and administrators at member institutions.
After reconvening in open session the board approved motions implementing matters discussed in executive session. Specifically, the board approved allowing East Central University to purchase two pieces of real property discussed in executive session for no more than their respective appraised values (motion moved by Regent Ford, seconded by Regent Kupiec), and allowed the University of Central Oklahoma to purchase a property discussed in executive session for no more than the appraised value of $1.3 million (motion moved by Regent Winchester and seconded by Regent Ford). Both motions were recorded as unanimously approved in the minutes. The meeting adjourned following the actions.
