Board of Visitors minutes :: October 4, 2003 :: University of Virginia Library

APPROVAL OF A PERMANENT EASEMENT FOR VIRGINIA ELECTRIC AND POWER COMPANY FOR A POWER LINE ON UNIVERSITY PROPERTY AT THE MILLMONT STREET TRANSPORTATION BUILDING

APPROVAL OF PERMANENT EASEMENTS FOR VIRGINIA ELECTRIC AND POWER COMPANY, SPRINT, ADELPHIA, AND NTELOS FOR UTILITY LINES ON UNIVERSITY PROPERTY ON THE WEST SIDE OF EMMET STREET AT THE EMMET STREET BRIDGE

APPROVAL OF PERMANENT EASEMENTS FOR VIRGINIA ELECTRIC AND POWER COMPANY AND NTELOS FOR UTILITY LINES ON UNIVERSITY PROPERTY AT THE IVY ROAD ENTRANCE TO THE EMMET STREET PARKING GARAGE

APPROVAL OF PERMANENT EASEMENTS FOR THE UNIVERSITY OF VIRGINIA AT THE IVY ROAD —' ROTHERY ROAD INTERSECTION ON PROPERTIES ADJACENT TO THE INTERSECTION

CONFLICT OF INTEREST EXEMPTION (MEDICAL PREDICTIVE SCIENCE CORPORATION)

CONFLICT OF INTEREST EXEMPTION (JKM Technologies, LLC)

APPROVAL OF THE BOARD OF VISITORS REPRESENTATIVES TO THE GOVERNING BOARDS OF UNIVERSITY-RELATED FOUNDATIONS

APPROVAL OF THE PROGRAMMING AGREEMENT WITH WVTF AND AUTHORIZATION FOR THE EXECUTIVE VICE PRESIDENT AND CHIEF OPERATING OFFICER TO TRANSFER ASSETS AND LICENSE FOR WISE-FM TO WVTF-FM

APPROVAL OF WTJU'S 2002-03 ANNUAL REPORT

DELEGATION OF APPROVAL AUTHORITY TO THE PRESIDENT WITH REGARD TO EMPLOYEE PERSONAL INTERESTS IN CONTRACTS FOR RESEARCH AND DEVELOPMENT OR COMMERCIALIZATION OF INTELLECTUAL PROPERTY

APPROVAL OF THE CREATION OF THE UNIVERSITY OF VIRGINIA SCHOOL OF ARCHITECTURE FOUNDATION

APPROVAL OF THE 2004-2006 BIENNIAL BUDGET REQUEST FOR THE ACADEMIC DIVISION, THE MEDICAL CENTER AND THE UNIVERSITY OF VIRGINIA'S COLLEGE AT WISE

APPROVAL OF EXPANSION OF THE UNIVERSITY OF VIRGINIA POLICY STATEMENT GOVERNING EXERCISE OF AUTONOMY IN LEASES OF PROPERTY TO INCLUDE INCOME OPERATING LEASES AND CAPITAL LEASES

APPROVAL OF THE APPOINTMENT OF A PUBLIC MEMBER TO THE BOARD OF THE UNIVERSITY OF VIRGINIA INVESTMENT MANAGEMENT COMPANY

APPROVAL OF INVESTMENT IN THE UNIVERSITY'S RESEARCH ENTERPRISE

APPROVAL OF COMPENSATION ADJUSTMENTS AND INTENT TO ACHIEVE COMPETITIVE COMPENSATION FOR FACULTY AND STAFF

MEMORIAL RESOLUTION FOR FREDERICK G. POLLARD

APPROVAL OF SUMMARY OF AUDIT AND COMPLIANCE FINDINGS

FACULTY PERSONNEL ACTIONS

THE UNIVERSITY OF VIRGINIA'S COLLEGE AT WISE

MISSION STATEMENT, SPECIAL COMMITTEE ON DIVERSITY

EXECUTIVE COMMITTEE, TELEPHONE POLL ON AUGUST 27-28

THE BOARD OF THE UNIVERSITY OF VIRGINIA INVESTMENT MANAGEMENT COMPANY ON SEPTEMBER 4, 2003

THE MEDICAL CENTER OPERATING BOARD ON AUGUST 1, 2003

The Medical Center Operating Board on September 11, 2003

ADDENDUM TO THE OFFICIAL MINUTES OF THE MEETING OF THE BOARD OF VISITORS OF THE UNIVERSITY OF VIRGINIA Meeting Date: October 3-4, 2003

POLICY STATEMENT GOVERNING EXERCISE OF AUTONOMY IN OPERATING AND CAPITAL LEASES OF PROPERTY

THE RECTOR AND VISITORS OF THE UNIVERSITY OF VIRGINIA POLICY STATEMENT GOVERNING EXERCISE OF AUTONOMY IN OPERATING AND CAPITAL LEASES OF PROPERTY

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APPROVAL OF EXPANSION OF THE UNIVERSITY OF VIRGINIA
POLICY STATEMENT GOVERNING EXERCISE OF AUTONOMY IN
LEASES OF PROPERTY TO INCLUDE INCOME OPERATING
LEASES AND CAPITAL LEASES

WHEREAS, the General Assembly of Virginia, at the 1996 Session, enacted legislation providing for a permanent delegation of autonomy to the University to be exercised on behalf of the Medical Center in relation to leases of property; and

WHEREAS, the enabling legislation further delegated autonomy to the University to be exercised through a two-year pilot program for expense leases of property, other than leases entered into on behalf of the Medical Center; and

WHEREAS, the pilot program has been continued by subsequent legislative actions; and

WHEREAS, the General Assembly of Virginia, at the 2003 Session, enacted legislation 1) expanding the 1996 pilot program for the delegation of autonomy for operating leases to the University to include income operating leases and 2) creating a pilot program for capital leases; and

WHEREAS, the legislation as enacted by the General Assembly of Virginia in 1996 required that the authority delegated to the University not be exercised until the Board of Visitors adopted an appropriate system of policies, procedures, reviews, approvals and guidelines pursuant to which University officials would be guided in their exercise of the delegated autonomy; and

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WHEREAS the Board of Visitors on June 14, 1996, approved a "Policy Statement Governing Exercise of Autonomy in Leases of Property," for the permanent delegation to the Medical Center and for the pilot program for the balance of the University; and

WHEREAS, the system of policies, procedures and guidelines included in the "Policy Statement" has provided for the efficient and businesslike administration of property leases; and

WHEREAS, the 1996 policy statement has been revised to include income operating leases and capital leases, and is now titled "Policy Statement Governing Exercise of Autonomy in Operating and Capital Leases of Property;"

RESOLVED that the "Policy Statement Governing Exercise of Autonomy in Operating and Capital Leases of Property," attached hereto, is approved; and

RESOLVED FURTHER that the President be delegated the authority (1) to implement the Policy Statement in the manner he deems most appropriate; and (2) to delegate further to his designee the administrative responsibility to implement and assure compliance with the Policy Statement.