Lantern file photo
The Ohio State Board of Trustees will be convening this week for its only formal meeting during Summer Term.
The Board will meet on June 21-22 to discuss and vote on university issues, including football coach Urban Meyer’s contract, a tuition increase and the parking privatization deal with QIC Global Infrastructure.
If approved by the Board, both the parking deal an the tuition increase would be put into place for Fall Semester.
A tuition increase of 3.5 percent along with a fee freeze will be recommended to the Board during the meeting. The overall increase on student rates would be 3.2 percent.
The increase will add an extra $312 to the average in-state undergraduate student’s bill. Paying $9,615 in tuition and $421 in mandatory fees, if approved, the increase will bring the annual cost to $10,036. Graduate and non-resident tuition will also increase by 3.5 percent.
This would be the second consecutive tuition increase, following a 3.5 increase that became effective Fall Quarter during the 2011-2012 academic year.
QIC Global Infrastructure, an Australia-based investment company, placed a $483 million bid to lease all university parking assets for a 50-year period. The agreement also included a 5.5 percent annual cap on rate increases for the first 10 years.
The recommendation will be presented to the Board during its upcoming meeting. According to a university press release, the agreement is expected to become effective by early October if approved.
The 5.5 percent cap would translate to a $40 increase in the current rate for an A permit, a $20 increase for a B permit, and a $14 increase for a C permit, according to an email from university provost Joseph Alutto.
The Board is also expected to hear from vice president of Student Life Javaune Adams-Gaston who will be giving an update on the “No Place for Hate” task force that was assembled following the April 5 vandalism to Hale Hall, home of the Frank W. Hale Jr. Black Cultural Center.
During the April 5 Board meeting, protestors marched to the meeting and demanded the creation of a hate-crime alert system. Their request was immediately approved, with the first alert sent the following day.
This Board meeting will be the first since the formation of the task force.
This is also the first Board meeting since Les Wexner stepped down as a Trustee on June 8. No reason was given for the former chairman’s resignation.
Several other university issues will be discussed this week.
- The 2013 fiscal year interim budget will also be voted on, along with 2013 fiscal year user fees and charges. The university fiscal year begins in July.
- A new surcharge of $500 for international students.
- An increase in room and board fees by 4.8 to 5 percent.
- A fee for students enrolled in more than 18 credit hours.
- Withdrawing the Geomatics Engineering program.