FOR IMMEDIATE RELEASE:

Jan. 16, 2001

CONTACT: Ward Mullens

ward.mullens@emich.edu

734.487.4400


EMU REGENTS AUTHORIZE RENEGOTIATION OF JOINT OPERATING AGREEMENTS WITH EMU FOUNDATION AND EAGLE CREST

YPSILANTI &endash; The Eastern Michigan University Board of Regents authorized the University to proceed with the renegotiation of the joint operating agreements between EMU, the EMU Foundation and Eagle Crest Management Corporation at its regular meeting Jan. 16.

The current JOA, established in 1995, intertwines the duties and responsibilities of all three entities. It is requested that a new approach be adopted, authorizing the administration to negotiate separate agreements with the Foundation and Eagle Crest.

"We have learned a lot in the five years that we have had the JOA and have built a strong foundation. Now is a good time to look at it and see how we can enhance it further," said Patrick Doyle, vice president of business and finance at Eastern Michigan.

"This strategy will further emphasize that the focus of the Foundation is advancement activities," Doyle said. "The new agreement with Eagle Crest will provide opportunities to strengthen the relationship and expectations of ECMC if it is to continue to manage university assets."

The new agreements will be presented to the Board for final approval at a later date.

In other action:

o Eastern Michigan University has renewed the contract of its first charter school. EMU President Samuel A. Kirkpatrick signed the renewal of the Gaudior Academy in Inkster, Jan. 9. The EMU Board of Regents had renewed a five-year contract for the school in Jan. 2000. The present contract expires at the end of the 2000-01 school year.

Gaudior Academy was the first charter school to be authorized by the regents in 1996 and is ranked as one of the most innovative and successful public school academies in Michigan.

o The regents amended the University's alcohol and drug policy to include a title modification, add a statement related to Parental Notification, clarify the purpose and responsibility for the Biennial Review, and add a statement related to alcohol marketing on campus.

o The board approved the sale of property located at 605 West Cross Street for $192,000.

The property, which consists of a two-story house, was purchased by the University last spring for $160,000. The original intent of the purchase was to improve the appearance of the campus border by demolishing the house and paving the site for use as additional parking.

The site will be sold to local realtor Robert Barnes. Barnes has agreed to give the University "the right of first refusal/option to purchase" if he elects to sell the property in the future.

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