- 6-



       R. Recommendation for Increase in Room and Board Rates for
1973-74 Tabled (FCI 2)

       Mlr. Forgy explained that the recomm-nended increases in room and board
rates as shown in FCR 2 were necessary if the University was to break evcn on
operatingz costs in the Housing and Dining System.

       M1r. Klincaid said that he was basically opposed to increasing fees for
students unless there was absolutely no other alternative. He suggested that
action on the increased room and board rates be deferred so that consideration
might be given to possible savings that might be effected which would make such
an increase unnecessarv. He gave as his opinion that considerable savings might
be realized through refunding of the University's Consolidated Educational
Buildings Revenue Bonds at a lower interest rate.

       M/Ir. Forgv replied that the Finance Cormmittee had been working \vith the
University's fiscal agent for the past several months on the possible refunding of
the bond issue; that in order to finalize plans for 1973-74 operations a decision
on room and board rates was important at this timle; and that in his opinion any
savings which might be realized from refinancing the bonds should not affect the
roomn and board rates for 1973-74 inasmuch as these savings wsould not be imll-
mediately available for use and, when available, should be applied to programs
benefiting the entire student body rather than just that portion living in the
dor mitories.

       After considerable discussion, Mr. Wendelsdorf mroved that the Motion
for approval of the increase in room and board rates be tabled pending further
stud\. His motion was seconded by Dr. Woodyard but was declared out of order
by the c(hairman inasmuch as there was no mi-otion on the floor.

       Mr. Griffin reported that the Finance Committee had agreed to recommend
approval of the increase in room and board rates as proposed in FCR 2 and so
noved. His mo-ition was seconded by Judge Sutherland.

       Mr. Wendelsdorf moved that Mr. Griffin's motion be tabled for conside r-
ation and action at the February meeting. Dr. Woodyard seconded the motion
and a roll call vote was taken with the following results:

           Voting Aye: M4r. Alverson. Mr. Bell, Mrs. Blazer. Mr. Graves
                        Mi r. Palmer. Professor Sears, Mr. Wendelsdorf,
                        Dr. Wocodyard

           Voting Nab: M'Ir. Burlew-, Mrs. Clark, Mr. Clay. Nir. Griffin,
                        Professor Oberst, Mvlr. Black, Mr. StUrgill.
                        Judge Sutherland

           Abstaining: Mxr. Kincaid



After the secretary reported a tie vote of 8-8. Mr. Kincaid changL!ed his vott