RESIDENCE AND DINING HALL PLANNING REPORT

RATES FOR 2000-2001

8% increase, room and board
4% increase, University apartments

RESOLUTION 2000 --

WHEREAS, sustained effort has been made to achieve financial stability for Ohio University's residence and dining hall auxiliary while providing necessary services for students, and

WHEREAS, the residence and dining hall auxiliary is legally obliged to budget for all operating expenses and debt service obligations by means of fees which are collected from students who use the residence and dining hall facilities, and

WHEREAS, the residence and dining hall auxiliary has identified a need for substantial reinvestment to correct the deferred maintenance backlog in its aging facilities, and

WHEREAS, the Board of Trustees has adopted a long range plan as a guideline for renovating the facilities, and

WHEREAS, the residence and dining hall auxiliary has developed that guideline into a flexible plan that projects a multi-faceted approach to facility needs including contracts with private partners to develop new student housing options; continuing attention to renovation needs of existing facilities; a focus on visible infrastructure improvements for students and redevelopment of some existing residential facilities for other institutional uses, and

WHEREAS, the residence and dining hall auxiliary must budget for the major renovations and capital improvements necessary to upgrade and maintain quality facilities, and

WHEREAS, the residence and dining hall auxiliary has developed continuous long range plans to provide technological advancements via the Student Computing Environment in each residence hall, and

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WHEREAS, the residence and dining hall fund is experiencing additional expense due to inflation and service costs, a series of new rate structures has been developed for room, board, apartments and other services which will generate additional revenue, and

WHEREAS, the executive officers of the University have reviewed and evaluated the recommended increases in conjunction with a proposed budget for the 2000-2001 fiscal year and the long range plan to address the deferred maintenance backlog, and have concluded that the rates are commensurate with projected costs of the operation, they hereby recommend approval of the Room and Board rates and Apartment Rental rates, presented on page F.8 of the 2000-2001 Current Funds Budget, and

WHEREAS, the executive officers of the University have reviewed the financial premises and the 2000-2001 budget and recommend its adoption.

NOW, THEREFORE, BE IT RESOLVED that the Board of Trustees does hereby authorize an increase in Residence Hall and Dining Hall rates by 8% and apartment rates by 4% for 2000-2001 and adopts the 2000-2001 Residence and Dining Hall Fund budget as presented on page G.2.

It is found and determined that all formal actions of this Board of Trustees concerning and in relation to the adoption of this resolution were adopted in open meeting of this Board of Trustees' and that all deliberations of this Board of Trustees and any of its committees that resulted in such formal action, were in meetings open to the public in compliance with the law, including Section 121.22 of the Ohio Revised Code.

This resolution shall take effect immediately upon its adoption.

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