WHEREAS, pursuant to S.C. Code Ann. §59–125–1, et. seq., the Board of Trustees of Winthrop University was created and established as a body corporate for the purpose of effectuating the educational mission of Winthrop University; and
WHEREAS, pursuant to the Winthrop University Board of Trustees Bylaws art. VIII, §2, the Finance Committee has the responsibility to consider, in collaboration with the Strategic Planning and Facilities Committee, any needed revision(s) of institutional capital planning and any new construction or renovation projects with costs exceeding $250,000; and
WHEREAS, Winthrop University purchased the Courtyard from the Winthrop University Real Estate Foundation (WUREF) in March 2025, and the HVAC units to properly heat and cool the living spaces and common areas were in the process of being replaced, with Phase 1 having been previously completed; and
WHEREAS, the administration presented to the Board of Trustees during its regularly scheduled April meeting the plans and cost breakdown for the Courtyard – Phase 2 HVAC replacement project; and
WHEREAS, the proposed replacement of the balance of the suite and common area HVAC units is essential for the enhancement and preservation of the University’s investment in the Courtyard property; and
WHEREAS, the Courtyard – Phase 2 HVAC replacement project scope is at $1.75 million, which is an amount that WUREF reserves transferred to Winthrop in the purchase could adequately fund.
THEREFORE, BE IT RESOLVED, the Winthrop University Board of Trustees approves moving forward with the Courtyard – Phase 2 HVAC replacement project with WUREF reserves as funding to improve the University’s physical asset.
BE IT FURTHER RESOLVED that the Acting Secretary to the Board of Trustees shall certify that the Winthrop University Board of Trustees approved this resolution on the 1st day of May, 2025, in a regularly scheduled meeting. Such resolution shall be maintained and publicly posted by the Acting Secretary of the Board in a time and manner as required by law.
