University of Virginia Library

APPROVAL OF PROPERTY PURCHASE

The following resolution was adopted:

WHEREAS, the University has identified strategically valuable property adjacent to current Health System facilities that may be available for purchase; and

WHEREAS, the acquisition of adjacent property will assist in addressing the current and future needs for additional space for Medical Center and Medical School programs;

RESOLVED that the Executive Vice President and Chief Operating Officer is authorized to: 1) negotiate appropriate purchase prices for property adjacent to current Health System facilities that are of strategic importance for the current and future space needs of the Medical Center and the Medical School, subject to the approval of the Chair of the Finance Committee; and 2) execute any and all contracts and other documents pertaining to the acquisition of adjacent property.