BOARD OF TRUSTEES RESOLUTION — February 21, 2004
UNIVERSITY OF THE VIRGIN ISLANDS BOARD OF TRUSTEES RESOLUTION 2004 SUPPLEMENTAL CAPITAL PROJECTS Purpose: To authorize the implementation of up to $3,000,000 in Supplemental Capital Projects to be financed under the General Obligation Improvement Bonds, 2004 Series A, of the University of the Virgin Islands. WHEREAS, on February 21, 2004, the Board of Trustees authorized the issuance of up to $25,000,000 General Obligation Improvement Bonds, 2004 Series A, (the “2004 Series A Bonds”) to provide money to finance, in whole or in part, the costs of certain projects of the University; and WHEREAS, the Board of Trustees, in the aforementioned Board Meeting, approved a prioritized listing for the first round of capital projects totaling $15,000,000 to be financed under the “2004 Series A Bonds”; and WHEREAS, the Building and Grounds Committee and the University have now identified and approved a second round Bond projects as presented on the attachment hereto (“2004 Second Round Projects”) to be financed under the “2004 Series A Bonds”. …
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UNIVERSITY OF THE VIRGIN ISLANDS BOARD OF TRUSTEES RESOLUTION 2004 SUPPLEMENTAL CAPITAL PROJECTS Purpose: To authorize the implementation of up to $3,000,000 in Supplemental Capital Projects to be financed under the General Obligation Improvement Bonds, 2004 Series A, of the University of the Virgin Islands. WHEREAS, on February 21, 2004, the Board of Trustees authorized the issuance of up to $25,000,000 General Obligation Improvement Bonds, 2004 Series A, (the “2004 Series A Bonds”) to provide money to finance, in whole or in part, the costs of certain projects of the University; and WHEREAS, the Board of Trustees, in the aforementioned Board Meeting, approved a prioritized listing for the first round of capital projects totaling $15,000,000 to be financed under the “2004 Series A Bonds”; and WHEREAS, the Building and Grounds Committee and the University have now identified and approved a second round Bond projects as presented on the attachment hereto (“2004 Second Round Projects”) to be financed under the “2004 Series A Bonds”. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE UNIVERSITY OF THE VIRGIN ISLANDS AS FOLLOWS: Section 1. The Board of Trustees authorizes the President and Vice President for Business to include the “2004 Second Round Capital Projects” not to exceed $3,000,000 in the list of projects to be financed under the “2004 Series A Bonds’, subject to the availability of proceeds of the bonds. CERTIFICATION The undersigned does hereby certify that the foregoing is a true and exact copy ofa resolution of the Board of Trustees of the University of the Virgin Islands adopted at its meeting on Saturday, June 19, 2004 as recorded in the minutes of said meeting. Chairman of the Board Date Secretary of the Board Date University of the Virgin Islands Second Round Bond Projects Approved by the Building & Grounds Committee May 18, 2004 St. Croix Projects 1. North West Wing Expansion 2. Campus Security 3. Campus Roads, Parking and Walks 4. Generators, Power and Lights 5. Minor Campus Projects Campus Total St. Thomas Projects 1. Conversions/Improvements for Academic Use 2. Dining Pavilion Enhancements 3. CA Student Pavilion-Commuter Lounge-New Addition 4. Reichhold Center Facilities Improvements Campus Total Total Second Round Projects Board of Trustees Resolution June 19, 2004 $ 550,000 $ 150,000 $ 100,000 $ 300,000 $ 100,000 $1,200,000 $1,000,000 $ 150,000 $ 300,000 $ 350,000 $1,800,000 $3,000,000