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NJIT BOARD OF TRUSTEESPUBLIC SESSION MEETINGWednesday, June 15, 2022PLEASE BRING TO MEETING
VisionTo be a preeminent public polytechnic research university with local and global impact.MissionNJIT, the state’s public polytechnic research university, is committed to excellence and global impactthrough: Education—preparing diverse students for positions of leadership as professionals and as citizensthrough innovative curricula, committed faculty, and expansive learning opportunities Research—advancing knowledge to address issues of local, national, and global importance withan emphasis on high impact basic, applied, and transdisciplinary scholarship Economic development—anticipating the needs of business, government, and civic organizationsto foster growth, innovation, and entrepreneurship Engagement—applying our expertise to build partnerships, serve our community, and benefitsociety as a wholeThese four elements guide NJIT in contributing solutions for the grand challenges of the future andimproving the quality of life today.Core ValuesOur core values reflect our beliefs, guide our behavior, shape our culture, and in so doing establish asense of community, common purpose, and student focus.ExcellenceWe innovate in the pursuit of excellence in all that we do and continue to improve in order to meet andsustain the highest standards of performance.IntegrityWe are honest and ethical in all we do, keep our promises, and acknowledge our mistakes.CivilityWe treat each other with respect and with dignity.SustainabilityWe develop responsibly and respect the needs of future generations.Social ResponsibilityWe pride ourselves on engagement and partnerships to enhance the communities in which we live.DiversityWe celebrate the inclusiveness of our university community and are sensitive to cultural and personaldifferences. We do not tolerate discrimination in any form.CommunicationWe strive to share information and understand each other’s perspectivesRevised June 20201
NEW JERSEY INSTITUTE OF TECHNOLOGYBOARD OF TRUSTEESPUBLIC SESSIONJune 15, 202211:00 AMCall to OrderAttendance / QuorumI.II.Notice of Meeting to Public (Statement to be read by the Chair, a requirement of the NJ Open PublicMeeting Act) [Pg. 4]Minutes (Approve minutes of the April 7, 2022 meetings of the Board of Trustees) [Pg. 6]III.Public CommentsIV.Action ItemsA. Approve Resolution Honoring President Joel S. Bloom [Pg. 12]B. Approve Resolution Honoring Joseph M. Taylor ’11 (HON) [Pg. 15]C. Approve Resolution for High Performance Computing Co-location Services [Pg. 17]D. Approve Resolution to Authorize Expenditures for Electricity and Natural Gas [Pg. 20]E. Approve Resolution for University Senate Constitution Changes [Pg. 23]F. Approve Resolution for University Senate Bylaws Changes [Pg. 33]G. Approve Resolution for Faculty Senate Bylaws Changes [Pg. 44]H. Approve Resolution for Faculty Handbook Changes [Pg. 48]I. Approve Resolution for Recommendation for Promotions to Rank of Distinguished Professor, Professor,Associate Professor with Tenure and Appointment with Tenure [Pg. 54]V.VI.ReportsA. Chair’s Report (R. Cohen)B. President’s Report (J. Bloom) [Pg. 57] MSCHE Report Newark Student Engagements 2022 Student National Awards Egypt Initiative BBBRC StatusC. Report of Pre-College Programs (J. Cusack) [Pg. 72]D. Report of FY22 Fundraising Progress Update. (K. Alexo) [Pg. 85]E. Report of the Chief Financial Officer (C. Brennan) [Pg. 95]F. Report of Clery Crime Data (A. Christ) [Pg. 97]G. Report of Upcoming Calendar of Events (R. Cohen) [Pg. 103]Announcement of Next Meeting [Pg. 106]A. Chair to read resolution regarding Closed Session to discuss Personnel, Legal, Real Estate andContract Matters to be held on Thursday, July 21, 2022, 2:00 PM, Campus Center Atrium*Announce next public meeting: Thursday, July 21, 2022, 4:00 PM, Campus Center Atrium*Adjourn Public Meeting*subject to Board ratification2
I. Notice of Meeting to Public (Statement to beread by the Chair, a requirement of the NJ OpenPublic Meeting Act)3
BOARD OF TRUSTEESSTATEMENT TO BE READ AT THE OPENING OF EACHMEETING OF THE BOARD OF E OF THIS MEETING WAS PROVIDED TO THE PUBLIC AS REQUIRED BY THENEW JERSEY PUBLIC MEETING ACT, WHICH WAS SENT ELECTRONICALLY TO THESTAR LEDGER, THE HERALD NEWS, AND THE VECTOR ON JUNE 3, 2022 AND NTELECTRONICALLY TO THE COUNTY CLERK ON JUNE 3, 2022 FOR FILING WITH THATOFFICE AND POSTING IN SUCH PUBLIC PLACE AS DESIGNATED BY SAID CLERK.”14
II. Minutes (Approve minutes of the April 7, 2022meetings of the Board of Trustees)5
NEW JERSEY INSTITUTE OF TECHNOLOGYBOARD OF TRUSTEESMINUTES OF PUBLIC MEETINGApril 7, 2022 (DRAFT)The meeting was called to order by Chair Cohen at 4:17 p.m. in the Agile Strategy Lab, CentralKing Building, Lower Level, Room L-70. In attendance were: Chair Cohen, Vice-Chairs Clayton(via WebEx), DeNichilo, Montalto and Stamatis, and Taylor and Board Members Baynes,Charters, Dahms, Maser (via WebEx) and Toft. Absent: Board Members Hu and Shah.Senior Administration Present: In attendance were President Bloom, President-Elect Lim,Provost and Sr. Executive Vice President Deek, Sr. Vice President Christ, Sr. Vice President forFinance & Chief Financial Officer Brennan, Vice Presidents Alexo, Boger, McLeod, ChiefStrategy Officer Golden, and Secretary Stern.1. In accordance with the New Jersey Open Public Meetings Act, Chair Cohen read thefollowing statement:“Notice of this Meeting was provided to the public as required by the New Jersey OpenPublic Meeting Act, in the Schedule of Meeting Dates of the Board of Trustees of the NewJersey Institute of Technology which was sent electronically to the Star Ledger, the HeraldNews and the Vector on March 29, 2022, and posted on the University website on March29, 2022 for filing with that office and posting in such public place as designated by saidClerk.”2. By a motion duly made by Mr. Toft, seconded by Mr. Taylor and unanimously approved bythose members in attendance at that meeting, the Board approved the public minutes of themeeting of February 10, 2022.3. Public Comments:Secretary Stern noted that there were three speakers registered to speak. The first speaker wasMs. Anushreya Ghosh. She thanked the Board for providing an audience today; she has beenat NJIT for 5 years, first as a MS student and for the last three years as a PhD student. Givenher experience, she has come to see how essential her role is to the teaching of classes. Theyhold multiple office hours and sub in for the professors and always there to lend a helping hand.During her tenure, she has been a TA for the Electrical Engineering Department and is awareof how much hard work and effort go into the role. They are supposed to work no more than20 hours per week for research and 20 hours a week for teaching, but their experience is thatthey work many more hours than that. NJIT, as a public university relies on the work of thesePhD students, post docs and adjunct professors. He has had exemplary professors and facultywho spearhead state-of-the art research and they rely on the work of their members. The dailywork of the undergraduate students rely on the efforts of graduate students like her.Ms. Sangat Vaidya next addressed the Board. She has been at NJIT for five years and is in theComputer Science Department and also a PhD student; she has been a teaching assistant fortwo years and a research assistant for two years. As Ms. Ghosh pointed out, graduate students16
have a very important role in research and teaching responsibilities. They are represented bythe UCAN union, in which she has been an active member for the last year as the Departmentrepresentative. She wants the Board to be made aware of how instrumental UCAN is, andmaking sure the TA’s and RA’s are adequately compensated for the job they do at NJIT interms of salary and health insurance, which are the most important things that affect thegraduate students at NJIT. Their current contract expires in June of 2022, and they would liketo see that the contract serves the mutual purpose of the university and the TA’s and RA’s.Mr. Prakash Kothari spoke next. He was a student back in 2006, graduating with a MS degreein occupational safety and health, landing a good job at Abbott Laboratories and then adepartment manager of sustainability in a utility power distribution company in New York, andhe is thankful to NJIT for that. He started in 2011 as an adjunct instructor in the Departmentof Mechanical Engineering teaching three courses in the Fall and Spring. As a senior adjunctprofessor and a founding member of UCAN, he never had a salary raise for many years untilthe UCAN contract was negotiated. Salary and benefits are very important to the adjunctmembers. They are important in developing the students and educational efforts here. NJITadjuncts are lower paid other places in the Northeast, and lower paid than adjuncts at Rutgers,although their fees are higher. They hope to have a good faith negotiation session in the Falland bridge the gap that they have been experiencing for many years. He thanked the Board forthe opportunity to speak.Vice President McLeod addressed the speakers, thanking them for the feedback and noting thathe was happy to hear of any concerns that they have. Chair Cohen stated that the Boardappreciates all that they do, and they are a key part of that. He thanked the speakers.4. Chair’s Report: Chair Cohen stated that as Dr. Fadi Deek is stepping down as Provost andSenior Executive Vice President at the end of June, and it is appropriate that we are taking thisopportunity to honor him and his contributions to the university. His journey with NJIT is notover, but it is appropriate that we are honoring his service as Provost and Sr. Executive VicePresident. He is leaving NJIT stronger than ever, especially with our recent affirmation of R-1status, and successful Middle States accreditation. Vice Chair Clayton noted that she and Dr.Deek have a longstanding relationship that dates back to her student days, and they kept thatrelationship over the years, which has been challenging and rewarding. She wanted to thankDr. Deek in the presence of his peers, from his work on the development of NJIT’s strategicplans to our capital campaigns. NJIT has moved from relevance to pre-eminence, and Dr. Deeklaid a strong foundation and emphasis on NJIT’s brand. She expressed her hope that therelationship continues, adding that he has made her a better Board member. On behalf of NJIT,she looks forward to their continued relationship. Vice Chair DeNichilo stated that he sharedMs. Clayton’s comments, and discussed Dr. Deek’s attributes: professional, dedicated,committed, passionate, intelligent and always dignified. He commended Dr. Deek’scommitment to the students, both past and present, and thanked him for who he is. At thispoint, Mr. Cohen read the full resolution into the record, and presented Dr. Deek with aproclamation.5. BY A MOTION DULY MADE BY MR. STAMATIS, SECONDED BY MR. DeNICHILOAND UNANIMOUSLY APPROVED, the BOARD voted to adopt the RESOLUTIONRECOGNIZING FADI P. DEEK FOR HIS LEADERSHIP AND SERVICE.27
6. BY A MOTION DULY MADE BY MS. CLAYTON, SECONDED BY MS. MONTALTOAND UNANIMOUSLY APPROVED, the BOARD voted to adopt the RESOLUTON FORTHE FY21 AUDITED FINANCIAL STATEMENTS.7. BY A MOTION DULY MADE BY MR. TOFT, SECONDED BY MS. CHAMBERS ANDUNANIMOUSLY APPROVED, the BOARD voted to adopt the RESOLUTION TO AWARDTHE GENERAL CONSTRUCTION CONTRACT FOR RENOVATION ANDIMPROVEMENTS AT TIERNAN 407 (PHYSICS TEACHING LAB).8. BY A MOTION DULY MADE BY MR. TOFT, SECONDED BY MR. MASER ANDUNANIMOUSLY APPROVED, the BOARD voted to adopt the RESOLUTION TO AWARDTHE PLANNED CAMPUS FIREWALL AND WAN UPGRADES.9. BY A MOTION DULY MADE BY MR. TOFT, SECONDED BY MR. STAMATIS ANDUNANIMOUSLY APPROVED, the BOARD voted to adopt the RESOLUTION TO ADOPTA REVISED EMERGENCY OPERATON PLAN.10.BY A MOTION DULY MADE BY MR. TOFT, SECONDED BY MS. MONTALTO ANDUNANIMOUSLY APPROVED, the BOARD voted to adopt the RESOLUTION FOR THEPURCHASE AND SALE AGEEMENT BETWEEN THE UNIVERSITY HEIGHTSSCIENCE AND TECHNOLOGY PARK AND NJIT FOR THE ACQUISITION OF BLOCK400, LOT 1 IN THE CITY OF NEWARK.11. BY A MOTION DULY MADE BY MR. DeNICHILO, SECONDED BY MS. MONTALTOAND UNANIMOUSLY APPROVED, the BOARD voted to adopt the RESOLUTION TOAPPROVE REFUNDING AND DIRECT PLACEMENT REFINANCING OF SERIES 2015SERIES A STEP COUPON BONDS.12. Chair’s Report and President’s Report: Chair Cohen and Dr. Bloom indicated that theystand by their respective reports in the Closed Session.12. Report of the Alumni Association: Mr. Vatsal Shah gave a report of the Alumni Association.Introducing himself, he stated this was his 13th year, and he is gladly stepping into the role ofPresident of the Association in July. The alumni engagement score has grown year to year.They are working with “c-suite” executives to engage them back to the university, to be agateway to strengthen partnerships in student experiences and share their knowledge so thatstudents can work with industry. The Association is supporting the Bloom scholarship fund inhonor of his legacy to the university. Additionally, they partner with the NJIT studentgovernment association. There will be a big fundraising push on May 25th, as they engage in adollar-for-dollar match. He called attention to Alumni Weekend, starting Friday May 20th. Weexpect 400 total guests overall, including family and classmates. All trustees are welcome toattend. This is a “friendraising” event. Chair Cohen asked Mr. Shah to address the robustnessof regional and corporate clubs. Mr. Shah explained that corporate clubs allow us to providejob prospects, internships and on the job training; they are a gateway to organizations. Throughthe pandemic, we met with alumni where they want to be met, and we came away with gifts,time commitments and opportunities. Mr. Cohen advised the Board members if they work witha company, we can have a corporate club. Those alumni have a high level of engagement,which is a formula for success.38
13. Report of FY22 Fundraising Progress to Date: Vice President Alexo referenced the reportsas of March 1, 2022, which are in the Board materials. As of that time, we were running evenfrom the same time last year; significant pledge payments put us ahead of where we were. Ouralumni giving rates are slightly ahead of last year. This year we want to reach 11% giving rate,and we are positioned to achieve that. Tomorrow is the Scholarship Brunch, and a great eventto celebrate our scholarship recipients.14. Report of the Chief Financial Officer: Sr. Vice President Brennan gave her report to theBoard. On the operating budget front, we are running ahead; our revenues are up, andexpenditures are down. We expect to close out this fiscal year 13 million to the good, whichwill be helpful to resolve budget challenges going forward. We are up 9.4 million, ourauxiliary revenue is up, and our cash balances are at an all time high. The endowment valueswere higher earlier in the year, as we have taken a small hit in the current market, but we arestill doing well. Going forward, the CFO report will include a clear statement of currentreserves.15. Report of Clery Crime Data: Sr. Vice President Christ reported on the Clery Crime data,which is set out in the Board materials. Overall, crime is trending down significantly. Year toyear, we are doing well.16. Report of Upcoming Calendar of Events: Chair Cohen called everyone’s attention to theCalendar of Events in the Board materials, including Commencement, Alumni Weekend, theTrustees Retreat on June 15th, where we will have a hearty agenda. He asked everyone to notethat we shifted the two dates of Board meetings in the Fall in order to accommodate schedules.17. Chair Cohen announced that the next regularly scheduled Closed Session, will convene onJune 15, 2022 at 9:00 a.m. to discuss personnel, real estate, legal and contractual matters. Thefollowing resolution was read and approved by all Trustees present:WHEREAS, there are matters that require consideration by the Board ofTrustees that qualify under the Open Public Meetings Act for discussionat a Closed Session;NOW THEREFORE, BE IT RESOLVED, that the Board of Trusteesshall have a Closed Session to discuss matters involving personnel, realestate, legal and contractual matters on Thursday, June 15, 2022 at 9:00a.m.The next regularly scheduled Public Session of the Board will take place onThursday, June 15, 2022 at 11:00 a.m.18. The Public Session was adjourned at 5:00 p.m.49
III. Public Comments10
IV. Action ItemsA. Approve Resolution Honoring PresidentJoel S. Bloom11
NEW JERSEY INSTITUTE OF TECHNOLOGY BOARD OF TRUSTEESRESOLUTION ON THE LEADERSHIP AND SERVICE OFDR. JOEL S. BLOOM, PRESIDENTWHEREAS, DR. JOEL S. BLOOM has laudably served, and brought great distinction to, NewJersey Institute of Technology throughout his 32-year tenure at the university, and, mostnotably, while serving as its eighth President, an office to which he was appointed in 2011;andWHEREAS, DR. JOEL S. BLOOM has provided the university with dedicated service, inimitableexpertise, extraordinary commitment, and outstanding leadership, resulting in historic gainsin enrollment and student success, a renewal of the faculty, an exponential increase inresearch, a significant increase in philanthropic giving, the expansion and transformation ofthe NJIT campus, and the enlargement of the university’s global footprint; andWHEREAS, DR. JOEL S. BLOOM has been a leading advocate and enthusiastic ambassador forNew Jersey Institute of Technology, working tirelessly with the Board of Trustees, the Boardof Overseers, and the university’s administration, faculty, alumni, and others to enhance thelife and reputation of NJIT, which is now recognized as a Top 50 public university, aCarnegie-classified R1 institution of higher education, and the leading university in the entirenation for enabling low-income students to achieve upward economic mobility; andWHEREAS, the university, its officers, and the entire NJIT community have been enriched bythe leadership and service of DR. JOEL S. BLOOM, and wish to acknowledge his many andinvaluable contributions to New Jersey Institute of Technology; andWHEREAS, DR. JOEL S. BLOOM, together with his wife and NJIT’s First Lady, Dr. DianeBloom, has very generously invested his time, talent, and treasure in New Jersey Institute ofTechnology, which has inspired countless others to support NJIT’s present needs and futuregoals as one of the nation’s preeminent polytechnic institutions; andWHEREAS, DR. JOEL S. BLOOM officially concludes his exemplary service as the eighthPresident of New Jersey Institute of Technology on June 30, 2022 and will hereby be namedPresident Emeritus of the university;12
NOW, THEREFORE, BE IT RESOLVEDTHAT this body expresses its profound gratitude and deepest appreciation to DR. JOEL S.BLOOM for his dedication, leadership, and exemplary service throughout his distinguishedtenure at the university, and, most notably, during his service as the eighth President of NewJersey Institute of Technology from 2011 to 2022; andTHAT this body hopes DR. JOEL S. BLOOM will remain an integral part of the New JerseyInstitute of Technology community; andTHAT this body wishes DR. JOEL S. BLOOM much health, happiness, and success in his futureendeavors; andTHAT we order this resolution incorporated into the minutes of this meeting of June 15, 2022,with a copy conveyed to DR. JOEL S. BLOOM, as tangible evidence of its personal andofficial sentiment.Holly C. Stern, Esq.General Counsel/Vice President ofLegal Affairs andSecretary to the Board of TrusteesNew Jersey Institute of TechnologyJune 15, 2022Resolution No.13
IV. Action ItemsB. Approve Resolution Honoring Joseph M.Taylor ’11 (HON)14
THE BOARD OF TRUSTEES OF NEW JERSEY INSTITUTE OF TECHNOLOGYRESOLUTION HONORING JOSEPH M. TAYLOR ’11 HONWHEREAS, Joseph M. Taylor ’11 HON, has served, with distinction, as an active member of theBoard of Trustees of New Jersey Institute of Technology, to which he was first appointedin June 2014;WHEREAS, Joseph M. Taylor ’11 HON has served on the Executive Committee as co-ViceChair, as well as the Board’s Campus Life Committee, NJII Committee, Audit and FinanceCommittee and served as chaired of Audit and Finance Committee, bringing to bear on themyriad issues facing New Jersey Institute of Technology outstanding leadership, prudentcounsel, diligence, the valuable perspective of his rich professional experience as abusiness leader, and an unwavering dedication to the university’s continued growth andsuccess;WHEREAS, throughout his tenure as a Trustee, Joseph M. Taylor ’11 HON has been a leadingadvocate and enthusiastic ambassador for New Jersey Institute of Technology, workingtirelessly with his colleagues on the Board of Trustees and the university’s administration,faculty, staff, alumni, and others to enhance the life and reputation of NJIT; andWHEREAS, Joseph M. Taylor ’11 HON, together with his wife Patricia, has been a very generousbenefactor of New Jersey Institute of Technology, which has inspired others to supportNJIT’s present needs and future goals as one of this nation’s leading polytechnicinstitutions;WHEREAS, the university, its officers, and the entire university community have been enrichedby the public service and leadership of Joseph M. Taylor ’11 HON, and wish to expresstheir appreciation and gratitude for his contributions;NOW THEREFORE, BE IT RESOLVED that the Board of Trustees of New Jersey Institute ofTechnology, on behalf of the university, formally acknowledges and officially recognizesJoseph M. Taylor ’11 HON, whose insight, judgment, and exemplary service are deeplyappreciated by the members of the Board and the entire university community;BE IT FURTHER RESOLVED that this Resolution be incorporated into the minutes of thismeeting of June 15, 2022, with a copy conveyed to Joseph M. Taylor ’11 HON, as tangibleevidence of its personal and official sentiment.Holly C. Stern, Esq.General Counsel/Vice President, LegalAffairs andSecretary to the Board of TrusteesNew Jersey Institute of TechnologyJune 15, 2022Resolution No.15
IV. Action ItemsC. Approve Resolution for High PerformanceComputing Co-location Services16
NEW JERSEY INSTITUTE OF TECHNOLOGYSTATEMENTRESOLUTION TO APPROVE THE AWARD OF HIGH-PERFORMANCE COMPUTINGCO-LOCATION SERVICESBackground:On February 10, 2022, the Board approved and authorized Resolution 20-22 to purchase a stateof-the-art Advanced Research Computing Infrastructure Work has been in progress to establish adata center capable of hosting this sophisticated infrastructure. Internal (GITC 5302 and othercampus locations) and external options were assessed for HPC data center viability in-depth.Based on the results of this assessment that considered the total cost of ownership, including onetime costs for the facility upgrades, ongoing connectivity, facility rental, and power, theadministration seeks to award the contract to zColo, LLC, an affiliate of DataBank to externallyhost the upgraded high-performance computing (HPC) infrastructure. The overall price of thecontract over a period of 5 years starting June 2022 through June 2027, is not to exceed 5.5M.Of that amount, rent and services account for 3M of the overall total cost, 2.1M accounts forexpected power consumption (charged on actuals, with 50% usage commitments starting thesecond year), with an additional 400K reserved for contingencies. The plan includes 14 racks.Capacity growth might need additional racks, which will need to be priced and planned forseparately.There are sufficient funds allocated in the FY 22 budget and anticipated FY 23 budget for the costsof the hosting agreement.Implication: Awarding the contract to zColo LLC (Databank) for co-location services will allow theUniversity to provide an HPC data center that is capable of hosting advanced researchinfrastructure, thereby enabling planned research sustenance and growth. Funding for the project has been planned as part of FY22 and ongoing budget plans for DigitalStrategy.Recommendation:Grant the University Administration the authority to execute and finalize the contract to zColoLLC (Databank) for co-location services best suited to host the planned HPC infrastructureupgrades for a not to exceed the price of 5.5M for a contract period of June 2022 through June2027. The cost includes rents and services, as well as electricity billed at prevailing rates with a50% usage commitment starting the second year.17
NEW JERSEY INSTITUTE OF TECHNOLOGYRESOLUTION TO APPROVE THE AWARD OF HIGH-PERFORMANCE COMPUTINGCO-LOCATION SERVICESWHEREAS, on February 10, 2022, the Board of Trustees of New Jersey Institute of Technologyapproved a Resolution to Approve the Planned Advanced Research ComputingInfrastructure Purchase, the costs of which were included in the FY2022 Annual Operatingand Capital Budgets, and,WHEREAS, the hosting of the upgraded HPC infrastructure will deliver significant serviceimprovement to research and instruction, thereby providing an improved research andlearning environment for students, staff, and faculty, and,WHEREAS, the administration determined that the best overall value to the University forhosting the HPC infrastructure, including price and other factors is to enter into a contractwith an external provider of hosting services, and,WHEREAS, to move forward with the project in an expeditious manner it is recommended thatthe administration be authorized to award a contract, as deemed necessary, at a not toexceed the cost of 5,500,000, and,WHEREAS, the funds for these expenditures will come from the FY22 Annual Operating andCapital Budgets adopted by the Board of Trustees on July 22, 2021, andNOW THEREFORE IT BE RESOLVED,administration to award, finalize andinfrastructure purchase contract for theproviding the best overall value to the 5,500,000.that the Board of Trustees authorizes theexecute the hosting of the upgraded HPCNJIT campus to zColo LLC (Databank) asUniversity, with a not to exceed the cost ofHolly C. SternGeneral Counsel andSecretary to the Board of TrusteesNew Jersey Institute of TechnologyJune 15, 2022Resolution No.18
IV. Action ItemsD. Approve Resolution to AuthorizeExpenditures for Electricity and NaturalGas19
STATEMENTRESOLUTION TO AUTHORIZE EXPENDITURES FORELECTRICITY AND NATURAL GAS, FY 2023There exists a need to purchase electricity and natural gas for the campus from PSE&G and otherelectricity and natural gas suppliers and transporters. Shown below is the actual cost for FY 2020,FY 2021 and projections for FY 2022 and FY 2023.ActualFY 2020Utility Cost - for Natural Gas 6,955,347& ElectricitySq. Ft. (000’s)3,688ActualFY 2021 6,418,267ProjectionFY 2022 6,800,000ProjectionFY 2023 7,000,0003,6883,6883,688Utility Cost /sq. ft. 1.89 1.74 1.84 1.90Cost of Electricity /kwh 0.12 0.13 0.13 0.14Cost of Natural Gas /Therm 0.94 0.72 0.69 0.70Currently NJIT is on target to be lower than the FY 2022 Board approved Electricity/Natural Gasbudget of 7,300,000.In FY 22 and FY 23, factors having a positive impact on cost include: A natural gas commodity purchasing contract with Direct Energy providing budget certaintythrough October 31, 2023.An electricity commodity purchasing contract with Engie Resources providing budgetcertainty through the June 2026 meter reading.Installation of energy-efficient LED lighting throughout campus for security and efficiencyimprovements.Continued use of Solar Energy in Oak Hall and Campus Center.Scheduling of Building Systems operations based on schedule of actual events.Electric curtailment contract with CPower Energy through May 31, 2027.Current energy usage has still been lower compared to pre-pandemic usageFactors having a negative impact on cost include:Increases in transmission, delivery and fuel surcharges are variable and trending muchhigher.New tariffs have been proposed by PSE&G for resiliency improvements and energyefficiencyprograms which will result in a higher cost to consumers.Increase in outside air building ventilation attributed to COVID-19.Electricity and Gas costs are increasing significantly and will impact future years.Resolution - Utilities 2022-2023 (Draft).doc20
RESOLUTION TO AUTHORIZEEXPENDITURES FOR ELECTRICITYAND NATURAL GAS FOR FY 2023WHEREAS, there exists a need to purchase electricity and natural gas through PublicService Electric & Gas Company, Direct Energy, Engie Resources and other electricity and naturalgas providers; andWHEREAS, a cost effective combination of suppliers and transporters will be used to provideneeded utilities; andWHEREAS, it is estimated that amounts will not exceed 7,000,000; andWHEREAS, funds for these utilities have been provided in the FY 2023 budget;NOW, THEREFORE, BE IT RESOLVED, that the Board of Trustees of New JerseyInstitute of Technology authorizes the Administration to execute the necessary contracts topurchase these utilities in an amount not to exceed 7,000,000 or such lesser amounts as may beincluded in the Approved FY 2023 Budget.Holly C. Stern, Esq.General Counsel/Vice President ofLegal Affairs andSecretary to the Board of TrusteesNew Jersey Institute of TechnologyJune 15, 2022Resolution No.Resolution - Utilities 2022-2023 (Draft).doc21
IV. Action ItemsE. Approve Resolution for University SenateConstitution Changes22
STATEMENTRESOLUTION TO APPROVE PROPOSED CHANGES TO THE UNIVERSITYSENATE CONSTITUTIONAs part of an ongoing review, the University Senate has approved proposed changes to theFebruary 6, 2014 University Senate Constitution.The changes address necessary updates to titles of NJIT administrators, an update to ahyperlink, as well as an u
new jersey public meeting act, which was sent electronically to the star ledger, the herald news, and the vector on june 3 , 2022 and posted on the university website. this schedule was also sent electronically to the county clerk on june 3 , 2022 for filing with that office and posting in such public place as designated by said clerk." 4
