FOOTHILL-DE ANZA COMMUNITY COLLEGE DISTRICTOffice of the ChancellorAUDIT & FINANCE COMMITTEE MEETINGMINUTESJUNE 5, 2006PresentRobert Grimm, Kent Peterson, Hal Plotkin, Bruce Swenson, Delia YbarraAbsentPat MillarOthersMike Brandy, Claudette Brero-Gow, Debbie Budd, Jane Enright, Rich Hansen, Tony Hughes,Martha Kanter, Jon O’Bergh, Anne Paye, Hector Quinonez, John Schulze, Bernata Slater1. PUBLIC HEARINGTony Hughes from Citigroup asked the Committee to reconsider its recommendation to the Boardof Trustees and include Citigroup as one of the firms to engage as bond underwriters. Heexplained his rationale and reviewed the benefits of using his firm.2. APPROVAL OF MINUTESIt was M/S/C (Grimm/Peterson) to approve the minutes of April 10, 2006 and May 18, 2006.3. MEASURE E CONSTRUCTION PROJECTS UPDATESchulze provided an update regarding the De Anza Science Center remediation efforts, whichare underway, and noted that the college is setting aside sufficient funds to cover the expenseand provide for contingency. He reviewed the Campus Center and Lower Campus projects atFoothill, both of which are behind schedule, and explained that the projects are being reviewedand plans are being developed to handle increased costs. Grimm distributed a report showingthat projects representing 49% of Measure E funding have been completed, and contingency foruncompleted projects remains substantial. Brandy reported that the format of the Measure EProjects Report will ...
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