I read through it quickly ... and generally don't have "problems" with it.
If I were writing something that that, I'd probably use a different "tense"
- instead of stating "the University of Vermont has the basic structures in
place to allow it to take advantage of advanced information technology", I'd
say "to take advantage of advancing information technology." (The information
landscape is changing, ever changing, and if there is any weakness in
unviversities in general it's dealing with constant change everywhere --
individual disciplines handle it but on a time scale of decades or more, e.g.
how long it takes DNA to become a part of a biology course, etc ...)
- instead of stating "Universities are gateways to our accumulated knowledge
...", I'd state "Universities are centers generating new knowledge, promoting
culture, advancing art ..." (The gateway analogy strikes me as being somewhat
outdated - the "Gateway to the West", no matter where it was, is now a part of
the "Rustbelt" - and not cleanly fitting with the "extending the institution"
theme. Just dropping the term could clarify the focus.)