WHEREAS, the Residence and Dining Hall Auxiliary has budgeted 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 Ohio University Board of Trustees has adopted a long range plan as a guideline for renovating the facilities, and

WHEREAS, the executive officers of the University have reviewed the Fiscal Year 2002-2003 budget and recommend its adoption.

NOW, THEREFORE, BE IT RESOLVED that the Ohio University Board of Trustees does hereby authorize an increase in Residence Hall and Dining Hall rates by 8%, and adopts the Fiscal Year 2002-2003 Residence and Dining Hall Fund budget as presented in Section G of the Current Funds Budget document.

It is found and determined that all formal actions of the Ohio University Board of Trustees concerning and in relation to the adoption of this resolution were adopted in open meeting of the Ohio University Board of Trustees and that all deliberations of the Ohio University 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.