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Image 11 of Minutes of the University of Kentucky Board of Trustees, 2011-02-22

Part of Minutes of the University of Kentucky Board of Trustees

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-11- Q. Renovate Schmidt Vocal Arts Center {FCR 7) Mr. Stuckert introduced FCR 7, which recommends that the Board of Trustees initiate the renovation ofthe Schmidt Vocal Arts Center. The legislatively authorized scope of the proj ect is $1,500,000 of agency funds. The initial funding for design services will be $150,000 of accumulated agency funds, and it is hoped that the remainder ofthe funding will come from private gifts. It is important to note that upon approval by the Board of Trustees and the receipt ofthe private funds, the university will submit a change in fund source from agency funds to private funds to the Capital Projects and Bond Oversight Committee. Mr. Stuckert moved approval and was seconded by Ms. Patterson. The motion was approved without dissent. (See FCR 7 at the end ofthe Minutes.) R. Upgrade Student Center Infrastructure {FCR 8) Mr. Stuckert discussed FCR 8, an action item calling for the upgrading of the Student Center infrastructure by a total of $23 million. The project will be funded with $17,805,000 of agency bonds and $5,195,000 of accumulated funds in the Student Center Renewal and Replacement Fund and other fund balances. The annual debt service will be supported by the Student Center Mandatory Fee. If the Board approves FCR 8, the university will request the Capital Projects and Bond Oversight Committee to consolidate the projects at their April meeting. He moved approval and was seconded by Mr. Smith, who asked to speak to the issue. Mr. Smith expressed his excitement about the project that is being proposed. The renovation has been discussed for years and is much needed. Mr. Smith thanked those who assisted with moving the request to the Board — Dr. Robert C. Mock, Mr. Frank Butler, Mr. Bob Wiseman, Mr. John Herbst, and Ms. Angie Martin. Dr. Brockman asked the board members to vote, and FCR 8 passed without dissent. (See FCR 8 at the end ofthe Minutes.) S. Ambulatoy EHR Eguipment/ System {FCR 9) Mr. Stuckert moved to the next FCR, recommending that the Board approve the initiation ofthe "Ambulatory Electronic Health Record Equipment/System” (EHR) project and make a Declaration of Official Intent to use a future tax-exempt lease-purchase agreement to reimburse some of the capital expenditures. This system is mandated to be in place by 2014 as part of the federal Health Infonnation Technology for Economic and Clinical Health (HITECH) Act and Patient Protection and Affordable Care (PPAC) Act, enacted in 2009 and 2010. To implement the system, UK will purchase the Allscripts EHR system for outpatient care and implement a single electronic patient record system for all ambulatory clinics at a cost of $51,767,000. Of that amount, $26,000,000 is eligible for eventual reimbursement. Funding will come from federal incentive payments, $15 million from a tax-exempt lease/purchase agreement, and $11 million from UKHC operations. Mr. Stuckert moved approval of FCR 9, it was seconded by Mr. Shoop. The motion passed without dissent. (See FCR 9 at the end ofthe Minutes.)