FLORENCE – The Francis Marion University Board of Trustees unanimously voted to extend the contract of President Fred Carter during its quarterly meeting Friday (Feb. 5).
Following an executive session, the trustees authorized Chairman W. Coleman to execute a three-year extension to President Carter’s contract continuing it through 2020.
“It should come as no surprise that the board is extremely pleased with the job President Carter is doing and with the team of faculty and staff he’s assembled at the university,” said Coleman. “Extending his contract to 2020 will take us to the 50th anniversary of the university, giving him our vote of confidence in a way that's quite meaningful.”
As president, Carter is responsible for providing educational services to more than 4,000 students, an annual operating budget of more than $40 million, more than 500 employees and a physical plant valued at about $195 million.
“I’m gratified by the gesture of the board to extend my contract to the year 2020,” said Carter. “In truth, I would never consider leaving this institution. It’s too important to me and I enjoy the job too much. But, the possibility of staying here through the 50th anniversary has a unique appeal.”
The board also voted to increase housing and dining rates for the 2010-2011 academic year. Room rates will go up about 7 percent per semester for the various housing options offered to students. Meal plans will also increase 7 percent. This is the first increase of housing and dining fees in two years. Even with the increases, FMU rates will remain among the lowest of South Carolina state colleges and universities, according to H. Randall Dozier, chairman of the Financial Affairs and Responsibility Committee.
In other business, the board received a virtual tour from project architect Malcolm Holzman of New York-based Holzman Moss Architecture following the meeting. Approximately 13 months after the university broke ground on the multi-million dollar project, the main components are nearly enclosed, he said.
Construction is expected to be complete late this year, and Laura Sims, director of the FMU Performing Arts Center, indicated the grand opening could be as soon as spring of 2011.
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