USVI Public Records

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RESOLUTION OF THE BOARD OF TRUSTEES UNIVERSITY OF THE VIRGIN ISLANDS Purpose: To approve undergraduate and graduate tuition rates effective fall 2013 for St. Kitts and Nevis students under the terms of a Memorandum of Understanding. WHEREAS, UVI is com mitted to supporting the intellectual and professional development of the workforce in the Virgin Islands and wider Caribbean as part of the University's mission; and WHEREAS, UVI and the Government of St. Kitts and Nevis (GSKN), acting also for the Clarence Fitzroy Bryant College (C FBC) have agreed to enter into a Memorandum of Understanding (MOU) which would establish areas of functional cooperation and the tuition rates to be charged to the undergraduate and graduate students from St. Kitts and Nevis including those graduating from CFBC as per the terms of the MOU; and WHEREAS, UV! is desirous of establishing parameters of functional cooperation and tuition rates for the MOU that would be directly tied to future increases in the University's tuition rates; and WHEREAS, GSKN is committed to providing twenty-five (25) scholarships and or financial assistance of not less than USD$7,500.00 annually and six (6) study leave scholarships at four fifths of annual salary annually, with a view to granting an additional five (5) study leave scholarships in the next three to five years, to St. Kitts and Nevis students to pursue undergraduate and graduate programs respectively at UVI; and WHEREAS, on June 14, 2013 the Finance Committee of the Board of Trustees voted to recommend to the Board of Trustees the approval of the basis for the tuition rates. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE UNIVERSITY AS FOLLOWS: ;. Under the terms of the Memorandum of Understanding with the Govern ment of St. Kitts and Nevis, undergraduate students will be charged a tuition rate equivalent to 1.75 times that of the undergraduate resident rate of $133.00, or $232.75 per credit, and graduate students will be charged a tuition rate equivalent to 1.75 times of the graduate resident rate of $330.00, or $577.50 per credit, effective fall 2013. acceptance of ary Gabtity tor any artioncontemplated by the MOU, either cn the part of the respective imsntucions, or their employees, agents and assigns Except as otherwise expressly set forth there no agency, partnership, jomt venture of employment relationship shall be created or inferred by the existence or perturmance of thas Agresmient, and sone of the parties shalbhave any authority to bind the others in any respect whatsoever, Nothing in this MOU is inrainded of will bo constriied to confer upon or Ca vive To any third party any ciphts or remedies by vigtuc hereat This Apreauent constitutes the entire agreement betwcon the parties hereto. and all prions onderstanding: or communications. written or oral, with respect to the matlers « ontained Werem are merged heres OVI GSKN and CFAC each agreed that they, thet desiperes and assipns ate aching as midependent contractors and fot as an agent, partne® employee or joint venture party of the other party te this MOU Except as tay otherwise be agreed in writing, each party shall bear their awn expenses in connection with all matters contemplated by this Agreement Bach of the persons below executing this document woaerants and represents to Che others that he has the capaciay and authority to enter Into this Agreement and that in damp seo he rcnot en Violation ohapy other cantractor oblipdtion whatsoews: Stgned ip dg pechient c HV \e tanie Liburd Willett GSKN Permanent Secretary, MOF yw t aa 4 Witness