FILED: NEW YORK COUNTY CLERK 02/08/2022 04:43 PM
`FILED: NEW YORK COUNTY CLERK 02/08/2022 04:43 PM
`NYSCEF DOC. NO. 322
`NYSCEF DOC. NO. 322
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`INDEX NO. 154010/2021
`INDEX NO. 154010/2021
`RECEIVED NYSCEF: 02/08/2022
`RECEIVED NYSCEF: 02/08/2022
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`EXHIBIT M
`EXHIBIT M
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`INDEX NO. 154010/2021
`FILED: NEW YORK COUNTY CLERK 02/08/2022 04:43 PM
`1/25/22, 9:31 PM
`DASNY Funding of $140 Million Enables Capital Improvements, Including Wireless Connectivity - Yeshiva University News
`NYSCEF DOC. NO. 322
`RECEIVED NYSCEF: 02/08/2022
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`(http://www.yu.edu)
`
`DASNY Funding of $140 Million Enables Capital
`Improvements, Including Wireless Connectivity
`
`Aug 26, 2009 — The Board of the Dormitory Authority of the State of New York (DASNY) approved Yeshiva University’s negotiated sale
`of 30-year fixed-rate bonds in the amount of approximately $140 million in June. The Dormitory Authority assists in the financing and
`building of facilities for higher education, health care, nonprofit institutions and other public agencies through the issuing of tax-exempt
`securities.
`
`“These funds will be invested in new and recent capital projects throughout the University,” explained J. Michael Gower, YU’s vice
`president for business affairs and chief financial officer. “Selling these bonds allows us to borrow money at an attractive cost over a
`long-term period.”
`
`Proceeds from the sale of the bonds will go towards the new Glueck Center for Jewish Study (http://www.yu.edu/glueck/) on the Wilf
`Campus, the construction and equipping of an information technology center, refinancing existing projects on the Manhattan and Bronx
`campuses, the reimbursement of a portion of the costs of acquiring Einstein’s Michael F. Price Center for Genetic and Translational
`Medicine (http://www.einstein.yu.edu/home/pricecenter.asp), refinancing previously-issued bonds and additional miscellaneous
`projects.
`
`Approximately $15 million has been earmarked for ITS improvements. While a recent major expansion effort has equipped Manhattan
`residence halls with wireless connectivity (http://www.yu.edu/mis/page.aspx?id=1826), more improvements are planned for the
`upcoming year.
`
`(https://blogs.yu.edu/news/w
`p-
`content/uploads/sites/19/201
`1/04/wifiweb63205A-
`75_medium.jpg)
`Students arrived back on campus
`this week to find wireless
`connectivity in all the dorms,
`made possible in part with
`DASNY funding.
`
`“We hope to continue upgrading the network infrastructure on both the Beren and Wilf campuses,” said Marc Milstein, YU’s vice
`president of information technology and chief information officer. “In fact, there are several initiatives already in the works.”
`
`These initiatives include deploying wireless connectivity throughout both the Beren and Wilf campuses, including outdoor areas; switching student and alumni e-mail
`accounts to an outside provider (e.g., Google); moving all faculty and staff to Microsoft Exchange, which will place all University employees on a uniform mail system;
`expanding support of high-performance computing to facilitate research efforts in mathematics and the sciences; and the construction of a new information technology
`data center.
`
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` (https://www.addtoany.com/share#url=https%3A%2F%2Fblogs.yu.edu%
`wireless-
`connectivity%2F&title=DASNY%20Funding%20of%20%24140%20Million%
`
`Yunews (Https://Blogs.Yu.Edu/News/Author/Yunews/)
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