March 26, 2001 THIS MEMORANDUM made in duplicate BETWEEN: FEDERATION OF STUDENTS on behalf of all CO-OPERATIVE EDUCATION STUDENTS AT UW (herein called "the STUDENTS") -and- UNIVERSITY OF WATERLOO (herein called "UW") Background WHEREAS UW is desirous of securing capital funding for the construction of the Co-operative Education and Career Services Building (herein called the CECS Building) to be located between South Campus Hall and Arts Lecture Hall AND WHEREAS to provide the necessary financing for the construction of the CECS building, UW has decided to increase the Co-operative Education fee levied on all undergraduate students enrolled in the co-operative education program by $25.00 (Twenty-five dollars) for 25 years (Twenty-five years) with the support of the students AND WHEREAS the Federation of Students, the recognized representative of undergraduate students at UW, has requested that certain conditions be clearly stated so the STUDENTS have reasonable assurances that the fee increase will go directly to paying the construction costs of the CECS Building NOW THEREFORE the parties express their intentions, and this agreement is meant to outline the understanding the STUDENTS and UW have reached UW 1. UW will increase the co-operative education fee levied on all undergraduate students enrolled in the co-operative education program by $25.00 (Twenty-five dollars) for 25 years (Twenty-five years) to partially finance the construction of the CECS building 2. UW will decrease the co-operative education fee levied on all undergraduate students enrolled in the co-operative education program by $25.00 (Twenty-five dollars) no later than 25 years following the implementation of the additional fee 3. UW will begin to collect the aforementioned increase when construction is completed and Co-operative Education and Career Service Staff occupy the CECS Building. 4. UW agrees that the increase of $25.00 (Twenty-five dollars) will go directly to financing the construction of the CECS Building as approved by the UW Board of Governors. 5. UW agrees that fundraising efforts for the CECS Building will continue to be part of the UW's major fund-raising campaign known as "Building a Talent Trust for Canada." 6. UW agrees that annual fund-raising reports will be made available to "the Federation of Students' Co-op Students' Council". These reports shall describe the activities of the fund-raising efforts on behalf of the CECS Building. 7. UW agrees that, in the event fund-raising contributions for the CECS Building exceed UW's target (to be finalized after the actual building costs are known), that the excess funds raised will be applied against the STUDENT'S contribution and the period of the fee levy will be shortened accordingly 8. UW agrees that the significant contribution being made by the STUDENTS will be formally recognized in a manner consistent with recognition of other individuals, organizations or groups making similar contributions. 9. UW agrees that the interview and meeting room areas within the CECS Building will be available as student study space consistent with the practice in other academic buildings on campus. The Director of Co-operative Education and Career Services and the Federation of Students' Vice President, Education, will agree upon hours and policies regarding usage of this study space. 10. UW agrees that the funding arrangement contained within this memorandum for the construction of the CECS building does not constitute a precedent for the financing of other academic/administrative buildings on campus. Furthermore, if a similar situation arises, the Federation of Students may conduct a referendum of the undergraduate students to determine student opinion. 11. UW agrees to undertake a review of the service delivery mechanisms provided by the Co-operative Education department. The review will include students, staff, and external experts in co-operative education service delivery and will begin within six months of the execution of this Memorandum. The terms of reference of the review will be clearly defined and will include, as one of the deliverables, a recommendation concerning the process to review the annual setting of the base Co-op fee. 12. UW agrees to continue to pursue incremental funding from the Province of Ontario to fund the additional costs associated with offering co-operative education at universities. The STUDENTS 1. The STUDENTS acknowledge that UW has the authority to change the co-operative education fee levied on all undergraduate students enrolled in the co-operative education program. 2. The STUDENTS agree that the funding arrangement contained within this memorandum for the construction of the CECS buildings does not constitute a precedent for the financing of other academic/administrative buildings on campus. Furthermore, if a similar situation arises, the Federation of Students may conduct a referendum of the undergraduate students to determine student opinion. 3. The STUDENTS agree to be full and willing participants in the review of the Co-operative Education department. 4. The STUDENTS agree to assist with the fund-raising efforts for the CECS Building. The above MEMORANDUM shall be in effect for the period that the incremental fee is collected. IN WITNESS WHEREOF the parties hereto have executed the within MEMORANDUM on the dates shown hereunder Dated at Waterloo, Ontario, this ________ day of April, 2001 THE STUDENTS Per:_______________________________ -- CHRIS FARLEY - President of the Federation of Students Per:_______________________________ -- MARK SCHAAN - Vice President Education of the Federation of Students Dated at Waterloo, Ontario, this ________ day of April, 2001 UW Per:_______________________________ -- ALAN GEORGE, Vice-President, Academic & Provost |