Board of Visitors minutes June 3, 1983 | ||
ALLOCATION OF FUNDS FOR DEBT SERVICE, CAPITAL OUTLAY, AND OTHER
PURPOSES
The following resolution was adopted:
- RESOLVED that the following are hereby approved:
A. | Designation of Funds for Retirement of Indebtedness: | |
1. To provide principal and interest due on Southern Welding Property | $28,810.00 | |
2. To provide principal and interest on Birdwood Property | $ 4,644.00 | |
3. To provide funds to establish reserve for the retirement of indebtedness incurred in purchase of Real Estate | $650,000.00 | |
B. | Designation of miscellaneous capital outlay projects | $23,857.80 |
C. | Designation of Funds for Madison Hall Renovation | $100,000.00 |
Board of Visitors minutes June 3, 1983 | ||