Minutes of the Regular Meeting, September 9 ... - Digital Collections

September 9-10, 2008 31355The purchase is being made against one of several furniture contracts previouslyawarded through a competitive solicitation issued by the University. Selected suppliers wereevaluated for discounted pricing, brand lines, terms and conditions, and other specifications.and Trust.Funding has been identified and is provided by the University Hospitals AuthorityPresident Boren recommended the Board of Regents authorize the President or hisdesignee to issue purchase orders in the amount of $2,484,222 to Scott Rice, Inc., of OklahomaCity and in the amount of $615,778 to Workplace Resources, of Oklahoma City, based uponpreviously competitively awarded contracts, for the acquisition of furniture for the OUChildren’s Physicians Building.Regent Wade moved approval of the recommendation. The following voted yes onthe motion: Regents Wade, Bell, Rainbolt-Forbes, Dunning and Clark. The Chair declared themotion unanimously approved.INDIRECT MEDICAL EDUCATION (IME) FOR COLLEGE OF MEDICINE – TULSAThe IME program provides funding for the training of medical residents through afederal matching funds program. OU has the opportunity to secure the matching funds.Under the agreement, OU and OSU will remit their respective match share to OHCA.OHCA will then remit a combined amount to the IME program. OHCA will receive the matchedfunds and then distribute to OU, of which OU will distribute in accordance with the SettlementAgreement signed by Joe Harroz, General Counsel on the 6th day of June, 2007, between HMCand the Board of Regents of OU on behalf of the College of Medicine, Tulsa. OU’s contributionto the match is approximately $2,284,645. For fiscal year 2008-2009, OU will receiveapproximately $6,944,210 in IME funding, of which OU will transfer $2,430,474 to HMC inaccordance with the terms of the Settlement Agreement. OU will use the remaining funds toenhance and enrich educational programs for the College of Medicine, Tulsa medical residents.The funds will be used primarily for salary support for faculty and staff.President Boren recommends the Board of Regents authorize the President or hisdesignee to enter into an agreement with the Oklahoma Health Care Authority (OHCA),Oklahoma State University College of Osteopathic Medicine (OSU), and AHS Hillcrest MedicalCenter, LLC (HMC), a Delaware limited liability company, under which the University ofOklahoma (OU) and OSU shall remit to OHCA a total amount not to exceed $4,569,290 for theprovision of funds to be matched by the Federal Indirect Medical Education program, for theone-year period beginning July 1, 2008, and to receive and apply such value as may accrue toOU under the agreement.Regent Wade moved approval of the recommendation. The following voted yes onthe motion: Regents Wade, Bell, Rainbolt-Forbes, Dunning and Clark. The Chair declared themotion unanimously approved.GENERAL, LIMITED AND SPECIAL OBLIGATION BONDS 2008 – HSCMEDICAL AND DENTAL BENEFIT PLANS – ALLACQUISITION IN SUPPORT OF A SPONSORED PROGRAM – NCON-CALL ARCHITECTS AND ENGINEERS QUARTERLY REPORT – ALLON-CALL CONSTRUCTION-RELATED SERVICES QUARTERLY REPORT – NC &HSC