University of Virginia Library

APPROVAL OF THE DISPOSITION OF THE 10½ STREET RIGHT-OF-WAY PROPERTY FROM UNIVERSITY OF VIRGINIA TO TENTH AND MAIN LLC

WHEREAS, certain property and improvements ("10½ Street right- of-way") containing approximately 1,800 square feet, located adjacent to the east property line of the Stacey Hall property on West Main Street in Charlottesville, Virginia, was received from the City of Charlottesville on February 19, 2002, when the City closed a 120-foot long section of the 10½ Street right-of- way; and

WHEREAS, the University has determined that because of its topography and location this property is of no benefit to the University; and

WHEREAS, the Tenth and Main LLC has requested the transfer of the University's share of the right-of-way in exchange for access easement that will allow 1) University employees the right to use the walkways and other site amenities and 2) University vehicles access to the remaining section of the 10½ Street right-of-way and the north end of the Stacey Hall property;

RESOLVED that the disposition of the aforesaid property located adjacent to the east property line of Stacey Hall, which is located on West Main Street in Charlottesville, Virginia, consisting of approximately 1,800 square feet, is approved; and

RESOLVED FURTHER that the Executive Vice President and Chief Operating Officer for the University of Virginia is authorized to execute any and all contracts and other documents pertaining to the disposal of the aforesaid property as he may deem necessary or appropriate.