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That sums it up well. Thanks Ted.

RHB
202-333-1880

> On Apr 24, 2016, at 7:56 AM, tedkaufman@comcast.net wrote:
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> Here is my rough cut of meeting summary.
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> Key points
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> Biden Building
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> 100m sq ft. Building on main quad
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> Construction to Start in spring 2017 finish 2019 or 2020
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> Building to House Biden center study of VP and Biden school of public policy (university to let us know how much of 100m to be space for biden public policy school)
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> Maybe house library ( library may be in UD Library)
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> Cost $50 to 60 million
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> Initial cost paid for by university.
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> University not to raise money from biden people until 2017. At that point we will decide how to split them up.
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> UD provide $ 2.5 million operating expenses/year
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> Temporarily housed in Wright building (we owe them how many people when)
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> Valerie to be main person in Biden Center. She will look into existing Options like - Newseum, presidential centers, constitution center.
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> Other points
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> VP not to be on UD faculty
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> Joseph Biden foundation, Beau biden foundation, Jill biden foundation, and cancer moonshot may be in Wilmington.
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> President talked of an annuity to throw off $2.5 million for salaries and expenses.
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> University to provide early required money.
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> They know we are talking to Penn, but did not get into details other than foreign policy institution.
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> Terms of Agreement between VP and UDEL to be signed by Labor Day.
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> Sent from Xfinity Connect Mobile Ap