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The undersigned does hereby certify that the following is a

true and exact copy of a resolution of the Board of Trustees

of the University of the Virgin Islands adopted at its

meeting on March 15, 1987, as recorded in the Minutes of

said meeting.



RESOLUTION TO WRITE-OFF THE OVERRUN OF

THE COST OF THE CONSTRUCTION OF THE REICHHOLD

CENTER FOR THE ARTS



WHEREAS Mr. Henry Reichhold donated funds to the College of

the Virgin Islands for the construction of the Reichhold

Center for the Arts, and



WHEREAS there was an overrun of the construction cost of

$634,564.16 which was borne by the institution and which has

been carried on the books of the institution for several

years, and



WHEREAS Mr. Reichhold has since donated several million

dollars to the institution for the maintenance and operation

of the Center, including funds for the establishment of the

Foundation for the Reichhold Center for the Arts,



NOW, THEREFORE, be it resolved that the Vice President for

Business and Financial Affairs is authorized to write-off

the overrun of the construction cost, as follows, $500,000

written off against the debt service fund and the remainder

against the unexpended plant funds.



Dated: /6¢ “Wer 7 z ee sent

Secretary of the Board