A meeting of the Physical Facilities Committee of the Board of Trustees convened at 9:40 a.m. on Friday, October 6, 2023, in Room 326 of Stewart Center on the campus of Purdue University in West Lafayette, Indiana.  

Committee members present: Gary Lehman, chair; Sonny Beck; Kevin Boes; Theresa Carter; and Michael Klipsch. Trustees present were: Michael Berghoff; JoAnn Brouillette; Vanessa Castagna; and Malcolm DeKryger; and Shawn Taylor

Officers and administrators in attendance were: Mung Chiang, president; Patrick Wolfe, provost and executive vice president for academic affairs and diversity; Chris Ruhl, chief financial officer and treasurer; Eva Nodine, senior vice president, assistant treasurer, and assistant secretary; Steve Schultz, senior vice president and general counsel; Cindy Ream, corporate secretary and senior executive assistant to the Board; and Ron Elsenbaumer, chancellor, Purdue University Fort Wayne.

I. (WL) APPROVAL TO EXECUTE LEASE FOR A PORTION OF FUSE IN WEST LAFAYETTE*

Rob Wynkoop, vice president for auxiliary services requested approval to execute lease for a portion of Fuse in West Lafayette. He shared that for the 2024-25 and 2025-26 academic years, the university proposes to lease 55 apartments directly from Fuse that include 173 beds for student housing and two beds for residential assistants, for a total of 175 beds in Fuse. He stated that the lease will provide additional student housing capacity for the 2024-25 and 2025-26 academic years on the West Lafayette campus. He shared that the lease is a renewal that consolidates multiple previous leases at Fuse into a single lease.  He noted the total lease commitment is $4,585,746.00 for two years with funding from auxiliary funds – housing and dining. 

Mr. Wynkoop requested approval to execute the lease for a portion of Fuse in West Lafayette. Upon proper motion duly made and seconded, the Physical Facilities Committee voted unanimously to recommend full Board approval. Supporting materials were filed with the minutes.

II. (WL) APPROVAL TO PURCHASE LAND FROM AND EXECUTE GROUND LEASE TO CHI OMEGA OF PURDUE UNIVERSITY, INC. D/B/A CHI OMEGA SORORITY*

Mr. Wynkoop requested approval to purchase land from and execute ground lease to Chi Omega of Purdue University, Inc. d/b/a Chi Omega Sorority. He noted that Purdue will buy 0.61 acres of land at 402 Waldron Street, West Lafayette from Chi Omega for $4,000,000.00 using Operating Fund Reserves for the purchase. He shared that additionally, land owned by The Trustees of Purdue University and located at 509, 519, and 523 Waldron Street, as well as 1005 6th Street, will be ground leased at market rate to Chi Omega Sorority for a period of 40 years, where they intend to build a new sorority house. The current property will be leased back to Chi Omega Sorority during the construction phase.

Mr. Wynkoop respectfully submitted the request for approval. Upon proper motion duly made and seconded, the Physical Facilities Committee voted unanimously to recommend full Board approval. Supporting materials were filed with the minutes.

III. (WL) APPROVAL TO PURCHASE AND SELL LAND TO WESLEY FOUNDATION OF PURDUE UNIVERSITY*

Lastly, Mr. Wynkoop requested approval to purchase and sell land to Wesley Foundation of Purdue University. he noted that this land transfer with the Wesley Foundation of Purdue University (“Wesley”) will facilitate the growth of the Mitchell E. Daniels School of Business by acquiring a strategic parcel adjacent to the current Krannert Building and Krannert Center Building. Wesley has owned and operated 435 Mitch Daniels Blvd., West Lafayette, since 1917. He shared that specifically, Purdue will acquire 0.44 acres of land at 435 Mitch Daniels Boulevard from Wesley in exchange for a cash payment of $7,500,000.00 and the transfer of a 0.32-acre property located at 122 Waldron Street. He mentioned that the acquisition of 435 Mitch Daniels Boulevard, in the long term, would maintain the presence of Wesley, one of the longest-tenured community service organizations, at a near campus location and allows the university to own a property at an important strategic location. 

Mr. Wynkoop requested approval to purchase and sell land to Wesley Foundation of Purdue University. Upon proper motion duly made and seconded, the Physical Facilities Committee voted unanimously to recommend full Board approval. Supporting materials were filed with the minutes.

By consent, the meeting adjourned at 9:47 a.m.