BOARD OF TRUSTEES RESOLUTION — fiscal year 1996
— = ad UNIVERSITY OF THE VIRGIN ISLANDS BOARD OF TRUSTEES RESOLUTION Purpose: To approve a two year rate schedule for room and board fees for fiscal 1996-97 and 1997-98 WHEREAS, it is the University's policy to set room and board fees at levels sufficient to support associated operations, and WHEREAS, the cost of operating the food service and residence halls continue to increase, and WHEREAS, the University has a rate differential for single and double room occupancy which establishes the single occupancy rate at 1.25 times the room rate for double occupancy; NOW THEREFORE BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE UNIVERSITY: Section 1: That room rates be increased by 10% for fiscal year 1996-97 and by another 10% for fiscal year 1997-98. Current Proposed Proposed Occupancy Rate Fall 1996 Fall 1997 Room Charge Per Year Double $1,360 $i,502 $1,652 Room Charge Per Year Single $1,700 $1,878 $2,066 Section 2: That board rates be increased by 5% for fiscal year 1996-97 and by another 5% for fiscal year 1997-98. …
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— = ad UNIVERSITY OF THE VIRGIN ISLANDS BOARD OF TRUSTEES RESOLUTION Purpose: To approve a two year rate schedule for room and board fees for fiscal 1996-97 and 1997-98 WHEREAS, it is the University's policy to set room and board fees at levels sufficient to support associated operations, and WHEREAS, the cost of operating the food service and residence halls continue to increase, and WHEREAS, the University has a rate differential for single and double room occupancy which establishes the single occupancy rate at 1.25 times the room rate for double occupancy; NOW THEREFORE BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE UNIVERSITY: Section 1: That room rates be increased by 10% for fiscal year 1996-97 and by another 10% for fiscal year 1997-98. Current Proposed Proposed Occupancy Rate Fall 1996 Fall 1997 Room Charge Per Year Double $1,360 $i,502 $1,652 Room Charge Per Year Single $1,700 $1,878 $2,066 Section 2: That board rates be increased by 5% for fiscal year 1996-97 and by another 5% for fiscal year 1997-98. Current Proposed Proposed Rate Fall 1996 Fall 1997 Board Charge Per Year S37 150 $3,308 $3,474 Section 3: That the foregoing schedule of fees for room and board charges shall be applicable to both the St. Thomas and St. Croix campuses and become effective in Fall 1996 and Fall 1997 respectively. Room and Board Rate Resolution Fiscal Year 1996-97 — Section 4: That the President and the Vice-President for Business and Financial Affairs take the necessary action to implement the above fee schedule for room and board. Section 5: That this resolution shall be in full force and effect from and after its adoption. a oe we a ae ee ae a we a we = = = SS SS SSE ES SS SSS Sse Sess eee eS Ss = eee Sh ae ae ae = SS eee CERTIFICATION The undersigned does hereby certify that the foregoing isa. true and exact copy of a resolution of the Board of Trustees of the University of the Virgin Islands and adopted at its meeting on Saturday March 02, 1996 as recorded in the minutes of said meeting. Secretary of the Board