Board of Trustees Meeting - June 5, 2025

The UA System Board of Trustees held a comprehensive meeting on June 5, 2025, covering multiple procurement and capital improvement projects across its campuses. Key procurement actions included approval of investment commitments totaling up to $40 million in private equity funds with Koslo Ventures LLC and Windrose Health Investor 7 LP to enhance the pooled endowment fund. The board also approved the UA System annual campus IT plans for 2025-2026 and authorized a contract with Scott Madden Management Consultants to support organizational redesign related to an upcoming ERP implementation. Several construction projects were approved, including expansions and renovations at the University of Alabama and UAB campuses, such as the Parkerhan Tennis Facility expansion ($2.15 million), Student Well-being Hub ($63.6 million), community safe room ($3.85 million), and various housing and research facility upgrades. Real estate transactions were authorized, including a lease agreement for off-campus apartments at East Edge Apartments with an annual rent not exceeding $6 million, and property sales to support university programs. The meeting included motions and unanimous votes to approve these resolutions, reflecting significant capital investment and strategic vendor engagements across the UA System.