USM Regents Finance Committee to Meet January 28

Adelphi, Md. (Jan. 25, 2010) -- The University System of Maryland (USM) Board of Regents Committee on Finance at its next meeting will vote on a resolution to authorize issuance of revenue bonds for a $35 million student housing project at Towson University. The project, known as West Village Phase II, would provide approximately 600 beds of student housing.

The public session is scheduled to begin approximately at 11 a.m. Thursday, January 28, in the President's Board Room, 14th floor of the Saratoga Office Building at the University of Maryland, Baltimore. The building is located at 220 North Arch Street, Baltimore, MD.

The committee first will meet in executive session at 10 a.m.

The public meeting will begin with a presentation and discussion regarding the 2008-18 Facilities Master Plan (FMP) for the University of Maryland Eastern Shore (UMES). UMES President Thelma Thompson will present the plan, an update of the 2002 FMP with a focus on academic and residential facilities.

In other action, the committee will vote on maintaining the current USM Exempt Salary Structures. Based on the results of a biennial salaries survey, an increase to the structures could have been recommended. However, given current economic conditions in Maryland and USM budget constraints, USM Chancellor William E. "Brit" Kirwan recommends that current exempt staff salary structures remain in place.

The previous modification for these salary structures occurred in 2006.

Background information and agendas will be available at the meeting. Sign language interpreters and/or other appropriate accommodations for eligible individuals with disabilities will be provided upon request. Please call 301.445.2756 (voice) or 301.314.7683 (TTY/ITT) for special arrangements.

Parking is available in the Saratoga Garage, also located at 220 North Arch Street in Baltimore. For driving directions to UMB and a campus map, click on

Contact: Mike Lurie
Phone: 301.445.2719