University of Virginia Library

MORAN PROPERTY

At the request of President Darden, Mr. Perkins investigated the possibility of securing
an option on the estate "Montebello" which adjoins the property of the University in the vicinity
of Scott Stadium and which is owned by the three Moran sisters. The President had hoped that if
such an option could be secured, the University would be able to proceed with the purchase of certain
lots owned by other parties which adjoin the Moran property. Mr. Perkins also provided the
Board with a plat of the property, showing the adjoining lots, together with the prices at which
the present owners would sell these lots. Because of the high values placed on the lots it was
decided not to attempt to purchase them at this time. The following resolution was adopted:

RESOLVED by The Rector and Visitors of the University of Virginia that Mr. W. Allan Perkins,
Attorney for the University, be and he is hereby directed to effect an option on the property known
as "Montebello" owned by the Misses Edna, Sarepta and Virginia Moran, and that he be requested to
prepare the appropriate documents to consummate said option, and -

BE IT FURTHER RESOLVED that Mr. Perkins be and he is hereby directed to inform the owners
of the adjoining lots that the University is not interested in purchasing these lots at the present