U of M Board of Regents names Board of Governors for UMore Park Development LLC
Contacts: Julie Bodurtha, External Relations Coordinator, 612-626-8431, email@example.com
Dan Wolter, University News Service, (612) 624-4551, firstname.lastname@example.org
MINNEAPOLIS / ST. PAUL (12/11/2009) —The University of Minnesota Board of Regents approved nine individuals to serve as the Board of Governors for the UMore Development Limited Liability Company (LLC) Friday. The Board of Governors will provide oversight and management of planning and development of the university’s 5,000-acre property in Dakota County. The vision for UMore Park is to create a sustainable community for 20,000 to 30,000 people over the next 25 to 30 years.
The appointments by the Board of Regents follow the October 2009 resolution approving the articles of organization for the LLC.
The nine members of the Board of Governors—consisting of four University governors and five community governors—are:
• Kathryn F. Brown, vice president and chief of staff, University of Minnesota
• Thomas Fisher, professor and dean, College of Design, University of Minnesota
• Sarah B. Harris, chief operating officer, Minneapolis Downtown Improvement District
• Peggy Lucas, partner, Brighton Development Corporation
• R. Timothy Mulcahy, vice president for research, University of Minnesota
• Michael O'Keefe, president emeritus, Minneapolis College of Art and Design
• Richard Pfutzenreuter, vice president and chief financial officer, University of Minnesota
• David Sellergren, attorney, Fredrikson & Byron
• Roger J. Sit, chairman, chief executive officer, president and global chief investment officer, Sit Investment Associates, Inc.
“The unique expertise in real estate development, finance, organizational management and academic mission of these individuals will combine to advance the UMore Park project,” said university vice president Charles Muscoplat, responsible officer for UMore Park. “The Board of Governors will help to ensure that the university reaches its goals for sustainability, stewardship, economic development and support for the academic mission.”
The Board of Governors is expected to convene a first meeting in early 2010.
More information about UMore Park is available online at www.umorepark.umn.edu.