 | Board of Visitors minutes June 2, 1978 |  |
1436
RESOLUTION ON BONDS FOR EXECUTIVE CENTER HOUSING AND COPELEY HILL GRADUATE HOUSING - PHASE IV
- The following resolution was adopted:
- WHEREAS, pursuant to the provisions of Chapter 809 of the Acts of the General Assembly of 1978, the Treasury Board was authorized, by and with the consent of the Governor, to sell and issue bonds of the Commonwealth of Virginia in an aggregate principal amount not exceeding $15,275,000 for the purpose of providing funds, with any other available funds, for paying the cost of acquiring or constructing revenue producing capital projects at institutions of higher learning of the Commonwealth, all in accordance with the provisions of Section 9 (c) of Article X of the Constitution of Virginia; and
- WHEREAS, said revenue producing capital projects
include the following projects (the "Projects") for The Rector
and Visitors of the University of Virginia:
Project Amount Executive Center Housing $715,000 Copeley Hill Graduate Housing - Phase IV $640,000 and - WHEREAS, the Treasury Board proposes to issue on or after July 1, 1978, bonds, designated "Higher Educational Institutions Bonds, Series 1978" (the "Bonds"), which include the sum of $1,355,000 to finance the Projects;
- NOW THEREFORE BE IT RESOLVED by The Rector and Visitors of the University of Virginia that the Board of Visitors recommends the inclusion of the projects in said bond issue and also authorizes the Executive Committee to act with the full authority of the Board in approving the prescribed resolution on said bonds if such action is required prior to the October 1978 meeting of the Board of Visitors.
| Board of Visitors minutes June 2, 1978 | |