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ACQUISITION OF ZION CROSSROADS DIALYSIS CENTER

The following resolution was adopted:

WHEREAS, the Dialysis Center constructed in 1997 at Zion Crossroads by the Health Services Foundation (“HSF”) fulfills the need for dialysis services among Louisa and Fluvanna County residents; and

WHEREAS, the Medical Center has determined that acquisition of the Center from the Health Services Foundation would be the most cost-effective method of operating the Center; and

WHEREAS, the 1998 General Assembly authorized the Medical Center to utilize up to $1.2 million of hospital operating revenues to acquire the Dialysis Center at Zion Crossroads in Louisa County; and

WHEREAS, acquisition of the facility must be accompanied by acquisition of the ground lease that the HSF holds with the Virginia Oil Company;

RESOLVED that the Board of Visitors approves acquisition of the Dialysis Center facility and ground lease in the amount of $1,152,165; and

RESOLVED FURTHER that the Executive Vice President and Chief Financial Officer is authorized to execute any and all contracts and documents pertaining to the acquisition of the aforementioned property and ground lease.