SENATOR NOVELLE E. FRANCIS, JR. 
36TH LEGISLATURE OF THE VIRGIN ISLANDS  
Chairman, Committee on Budget, Appropriations and Finance 
 
 
 
REVISED Memorandum No. 25-010 
 
To: 
 
Committee on Budget, Appropriations and Finance Members 
 
 
The Honorable Marvin A. Blyden, Vice-Chairman 
 
 
The Honorable Dwayne M. DeGraff 
 
 
The Honorable Ray Fonseca 
 
 
The Honorable Hubert L. Frederick 
 
 
The Honorable Marise C. James 
 
 
The Honorable Kurt A. Vialet 
From:  
The Honorable Novelle E. Francis, Jr. 
 
 
 
Chairman, Committee on Budget, Appropriations and Finance 
 
Date:  
March 10, 2025 
 
Re: 
 
March 18, 2025 Committee on Budget, Appropriations and Finance Meeting 
 
 
Block I 
 
The Committee on Budget, Appropriations and Finance will meet on Tuesday, March 18, 2025, 
10:00 A.M. in the Earle B. Ottley Legislative Hall on St. Thomas to receive testimony on the 
following lease agreements: 
 
Bill No. 36-0028 An Act approving the lease agreement between the Government of the Virgin 
Islands and Tropical Marine, Inc., for Parcel No. 37-1 Estate Nadir, No. 2 Red Hook Quarter, St. 
Thomas, Virgin Islands and a portion of unsurveyed Estate Nadir, No. 2 Red Hook Quarter, St. 
Thomas, Virgin Islands Sponsored by Senator Milton E. Potter By Request of the Governor 
 
Invited Testifiers: 
Honorable Lisa Alejandro, Commissioner, Department of Property and Procurement 
Mr. Vincent Richards, Assistant Commissioner, Department of Property and Procurement 
Ms. Carmen Ruan, President, Tropical Marine, Inc.  
 
Bill No. 36-0040 An Act approving the lease agreement between the Government of the Virgin 
Islands and Charles M. Kim V.I. Foundation, Inc. d/b/a Virgin Islands Museum of Art, for a 
portion of Lot No. 48b Norre Gade, Kings Quarter, St. Thomas, Virgin Islands Sponsored by 
Senator Milton E. Potter By Request of Governor 
 
Invited Testifiers: 
Honorable Lisa Alejandro, Commissioner, Department of Property and Procurement 
Mr. Vincent Richards, Assistant Commissioner, Department of Property and Procurement 
Mr. Jason Charles, Representative 
 
 
 
 
 
Committee on Budget, Appropriations and Finance 
Page 2 
March 18, 2025 
 
Block II 
 
The Committee on Budget, Appropriations and Finance will also receive testimony on the 
following bills: 
 
Bill No. 36-0023 An Act amending title 33 Virgin Islands Code, chapter 4, section 72 relating to 
the highway user tax Sponsored by Senator Ray Fonseca 
 
Invited Testifiers: 
Honorable Kevin McCurdy, Commissioner, VI Department of Finance 
Honorable Derek A. Gabriel, Commissioner, VI Department of Public Works 
Mr. Joel Lee, Director, VI Bureau of Internal Revenue 
 
Bill No. 36-0038 An Act amending title 29 Virgin Islands Code, chapter 10, subchapter III, 
section 551, subsection (a) by increasing the limit for outstanding bonds for the Virgin Islands 
Port Authority from $100 million to $500 million Sponsored by Senator Milton E. Potter 
 
Invited Testifiers: 
Mr. Carlton Dowe, Executive Director, Virgin Islands Port Authority 
Mr. Willard John, Chairman, VI Port Authority Board of Directors