On November 3, 1957, the college's first board of governors was installed at the First Lutheran Church in Glendale, California. Falde was elected chairman of its board of governors and Dahl was elected director. The board's first meeting was held on March 7, 1958, when Dahl announced that the college was to be opened in 1961. Falde then made the establishment of the new college the top priority for his ministry. After the Thousand Oaks-site was secured, arrangements were made in February 1958 to move CLEF's offices to the Pederson Ranch in order to begin the campus development. To help develop the master plan, CLEF employed the services of the Los Angeles architectural firm of Mann, Daniel, Johnson, and Mendenhall. The plan was designed with a Centrum which included motel-type dormitories, a book shop, post office, and administrative offices. Centrum would eventually be converted into a shopping center in order to provide an endowment for permanent buildings to be constructed on campus. Another top priority was to find a name for the new college. Names such as Los Angeles University and Ventura Lutheran University were suggested, and the "Lutheran Herald" reported on December 30, 1958, that the $15 million college was to be named Ventura University. CLEF officials claimed newspapers had been premature and a name was announced before it had been agreed upon. CLEF reached a final agreement on the name California Lutheran College (CLC) after some CLEF members felt it would be presumptuous to name a college in Ventura County “Los Angeles University”, which some members opted for.