PURCHASE OF PROPERTY
The Chancellor stated that there is a parcel of property at the intersection of College
Avenue and U. S. Alternate Route 1, triangular in shape, which forms the south entrance to
College Avenue from U. S. Alternate Route 1. The Chancellor noted that the property was divided
in ownership between two persons. From one of these persons, the Chancellor was unable to get
a commitment as to a price. The owners of the other parcel had indicated their willingness to
accept an offer of $7,500. The Chancellor noted further that the property is undeveloped, creates
an unsightly entrance to the College area, and presents a traffic hazard for students entering
the highway from this point. The College would plan to landscape the property in order to improve
this entrance to the College area.
The Chancellor stated that the proposal had been approved by the President, the Mary
Washington College Committee, the Buildings and Grounds Committee, and the Executive Committee.
The need for approval by the Executive Committee was in order to conclude the purchase prior to
the meeting of the Board, since the Governor had indicated his approval of the proposal.
The Chancellor proposed and the Board adopted the following resolution
RESOLVED by the Board of Visitors of The Rector and Visitors of the University of Virginia
that the action of the Executive Committee on 15 September 1961 authorizing the purchase of a
parcel of property adjacent to Mary Washington College, being made up of portions of Lots 7, 8,
and 10, Block 48, on Plat of Fredericksburg Development Company, the approval of the Governor
having been first obtained, be and it is hereby ratified and approved.
