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APPROVAL OF THE SALE OF THE WERTLAND STREET PROPERTY
 
 
 
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APPROVAL OF THE SALE OF THE WERTLAND STREET PROPERTY

The following resolution was adopted:

WHEREAS, the University wishes to sell real estate at the north end of the U4 Parking Lot, which is located near the intersection of Wertland Street and 14th Street in Charlottesville, to the Renaissance Investment Corporation; and

WHEREAS, the land sale was approved by the Secretary of Administration, as the Governor's representative, pursuant to Section 2.1-512 and Section 23-4.1 of the Code of Virginia;

RESOLVED that the sale of University property on Wertland Street, as recommended by the Executive Vice President and Chief Operating Officer, be approved by the Board of Visitors; and

RESOLVED FURTHER that the Executive Vice President and Chief Operating Officer is authorized to execute any and all contracts or documents pertaining to the sale of the aforementioned property.