: 114



~ COLLEGE'S COMPUTER SYSTEM RESOLUTION



(Adopted by the Board of Trustees on July 1, 1977)



WHEREAS, the computer system presently being leased from Inter~

national Business Machines Corporation has limited capacity which

precludes many desired computer applications; and



WHEREAS, the present computer system is unable to fulfill the

academic research, and administrative needs of the College; and



WHEREAS, the lease payments to International Business Machines

Corporation provide amounts for both periodic maintenance charges

and monthly lease charges; and



WHEREAS, these amounts are adequate to provide for both periodic

maintenance charges and the amortization of the principal and interest



of a loan which will be sufficiently large to purchase a computer



system with the capacity:



1. allow the St. Croix campus to utilize the College's

computer system via an "online" connection;



2. provide, via terminals, a "time-shared" capability for

both student and faculty academic use;



3. accommodate simulation and modeling programs for

scientific and business curricular and research appli-

cations; and



4. meet the administrative needs for planning and decision—

making through the use of logically structured data base

file systems



NOW, THEREFORE BE IT RESOLVED that the Board of Trustees



authorizes the President of the College of the Virgin Islands or the

P; Acting President of the College of the Virgin Islands and the

~~



Treasurer of the College of the Virgin Islands to borrow a sum not

119



to exceed $140,000 with a payback period not to exceed six (6)



years and at an annual rate of interest not to exceed 8% for



purpose of purchasing a computer system with the capacity to



handle the anticipated academic, research, and administrative



needs of the College.



ee ee