WE'RE NOW GOING TO THE CONSENT ITEMS.
ARE THERE ANY OPPOSITION TO THE CONSENT ITEMS, ANYBODY
WANTS TO PULL A CONSENT ITEM?
DR. MINK? >> I JUST WANT TO PULL 9933
FOR ONE SHORT COMMENT. >> OKAY.
WE'LL PULL THAT. ARE THERE ANY OTHERS?
IF NOT, DOES SOMEBODY WANT TO MAKE A MOTION ON 9932 AND
9934. >> I MOVE.
I HAVEN'T DONE IT IN TWO YEARS.
I'M EXCITED. [LAUGHTER].
>> OKAY. >> I MOVE THAT ITEM 9932,
AUTHORIZE THE NEIGHBORHOOD ASSOCIATIONS AND EXECUTION
OF A CONTRACT FOR THE AUSTIN COMMUNITY COLLEGE DISTRICT
ACC, FOR THE ACC POLICE IN-CAR VIDEO SYSTEMS.
I ALSO MOVE THAT WE SEPTUM 9934, CAPITAL METRO AISLE
FOR ACC GREEN PASS -- CAPITAL METRO ILA FOR ACC
GREEN PASS. MADAM CHAIR, I RECOGNIZE
THOSE TWO ON THE CONSENT AGENDA.
>> PERFECT. >> SECOND.
>> GREAT. THERE'S A MOTION AND A
SECOND. ALL IN FAVOR?
ALL OPPOSED? SEEING NONE, THOSE PASS.
OKAY. THE PULLED ITEM, DR. MINK?
>> YES. IT'S JUST A MINOR POINT.
I'M GOING TO MOVE TO APPROVE THIS.
I JUST WANT IT NOTED THAT IN THE RATIONALE PIECE IT
INDICATES THAT IT ORIGINATED IN 2016 AND THE
ADMINISTRATION INTENDS TO ISSUE AN RFP IN 2021 TO
COMPLY WITH THE BOARD POLICY.
I WOULD LIKE THAT TO READ, THE ADMINISTRATION WILL
ISSUE AN RFP IN 2021 TO CONFORM WITH THE BOARD
POLICY. SO IT REALLY DOESN'T IMPACT
THE MOTION, BUT I WANT US TO CONFORM TO THE BOARD POLICY
FOR EVERY FIVE YEARS. >> OKAY.
I DON'T THINK THERE WILL BECTIO. IS THERE?
>> NO, THAT WAS THE INTENT. >> GREAT.
DR. MINK, WOULD YOU LIKE TO MAKE A MOTION ON THAT ONE?
>> I HAVE ANOTHER QUESTION. DO YOU WANT TO WAIT UNTIL
AFTER THE MOTION? >> YES, WE CAN MAKE THE
MOTION AND THEN HAVE THE QUESTION.
>> OKAY. >> YES.
I'LL MOVE THAT THE BOARD OF TRUSTEES AUTHORIZE A
ONE-YEAR EXTENSION FOR THE INVESTMENT ADVISOR CONTRACT
WITH VALLEY VIEW CONSULTANTS.
>> I SECOND. >> SECONDED BY DR. COMSTOCK.
NOW YOUR QUESTION NOW? >> YES.
ON PAGE 15, PARAGRAPH NUMBER 5, I WOULD LIKE TO ASK
MR. VICKERS IF HE COULD -- OR DR. RHODES, I'M NOT SURE
WHO IS THE BEST PERSON HERE, WHERE IT SAYS FURTHERMORE,
THE ADVISOR SHALL NOT BE LIABLE FOR ANY INVESTMENT
MADE WHICH CAUSES THE INTEREST ON THE INVESTOR'S
OBLIGATION TO BECOME INCLUDED IN THE GROSS INCOME
OF THE OWNERS THEREOF. >> MR. VICKERS?
>> WHAT'S THE QUESTION? I'M SORRY?
>> I WANTED AN EXPLANATION OF THAT FOR THE BOARD.
ERC WHAT THIS IS TRYING TO GET AT IN A VERY KIND OF
LEGALESE WAY IS PROBABLY FOR THE BEST EXAMPLE IS WHEN WE
ISSUE OUR BONDS AND WE OBVIOUSLY OBSERVE THOSE
PROCEEDS WE INVEST THOSE PROCEEDS,.
IF YOU THINK OF MANY TIMES WE'RE ISSUING TAX EXEMPT
BONDS WHICH MEANS THAT THE HOLDERS OF THAT DEBT WOULD
BE ABLE TO BASICALLY DEDUCT THOSE INTEREST EARNINGS
WHERE THEY'RE NOT INCLUDED IN GROSS INCOME BECAUSE
THEY'RE TAX EXEMPT. SO THIS IS OUR INVESTMENT
ADVISOR MAKING IT CLEAR THAT ANY ADVICE THEY'RE GIVING US
ON INVESTING THOSE PROCEEDS THAT THEY DON'T HAVE ANY
RESPONSIBILITY FOR ENSURING THAT THOSE INVESTMENTS OR
HOW THOSE INVESTMENTS WIMBERLEY PACKET THE OWNERS,
THE OTHER PARTY IN TERMS OF IMPACTING THEIR GROSS
INCOME. THEIR POSITION ON THIS,
WHICH IS UNDERSTANDABLE, IS THAT WE HAVE A FINANCIAL
ADVISOR, WE HAVE A BOND COUNSEL, AND WE HAVE WHAT'S
CALLED AN ARBITRAGE COMPLIANCE CONSULTANT AND
THAT THOSE ARE THE ADVISORS OF THE COLLEGE THAT WOULD
ADVISE US ON ANY RESTRICTIONS IN TERMS
MUCH -- THE IMPACT THEREOF TO OUR TAX EXEMPT BONDS.
IT MAY HAVE BEEN USEFUL IF THEY WOULD HAVE MADE THE
REFERENCE TO BOND PROCEEDS IN THERE TO MAKE IT A LITTLE
CLEARER, BUT THAT'S WHAT THEY WERE TRYING TO GET AT
HERE, AND THAT IS A TRUE STATEMENT.
SO IF WE HAVE QUESTIONS ABOUT HOW WE CAN INVEST AND
THE IMPACT TO OUR TAX EXEMPT BONDS, WE WOULD BE TALKING
TO DAVID MENDEZ OR JORGE RODRIGUEZ, ALL THE ADVISORS
AND CONSULTANTS THE BOARD HAS MET ABOUT THE NUANCES OF
THAT DEBT. SO THEY'RE MAKING IT CLEAR
THAT AS THE INVESTMENT ADVISOR THEY'RE NOT
[INDISCERNIBLE]. >> THANK YOU.
>> DOES THAT SATISFY YOU, NORA?
WE'LL TAKE A VOTE ON 9933. WE HAVE A MOTION AND A
SECOND. ALL IN FAVOR?
ALL OPPOSED? SEEING NONE, THAT PASSES.
I'M GOING TO ASK DR. COMSTOCK TO TAKE OVER
FOR JUST FIVE MINUTES. I'LL BE RIGHT BACK ON TO THE
DAIS. CAN YOU TAKE OVER FOR ME,
NORA, PLEASE? >> WE'RE ON ITEM NUMBER NINE
NOW, INSTITUTIONAL EFFECTIVENESS REPORTS FOR
DISCUSSION AND POSSIBLE ACTION.
THESE REPORTS ARE DRIVEN BY THE COLLEGE'S FUNDAMENTAL
COMMITMENT TO EQUITY AND INCLUSION THROUGHOUT THE
COLLEGE OPERATIONS AND STRATEGIC PLANNING WITHIN
THE REGION ALLIESIZATION STRUCTURE. AND WE'RE GOING TO BE LOOKING AT THE CHANCELLOR'S PRIORITIES, MILESTONES, AND MEASURES. DR. RHODES?