University of Virginia Library

APPROVAL OF ACQUISITION OF THE BRUGH AND HARLOW PROPERTIES

• The following resolution was adopted:
• WHEREAS, the University of Virginia wishes to purchase real estate located at 204 15th Street SW, Charlottesville, Virginia, from Robert M. Callaghan and Robert W. Brugh, Trustees of RWB Land Trust, and real estate located at 416 Monroe Lane, 416 Monroe Lane, 424 Monroe Lane and 210 15th Street SW, Charlottesville, Virginia, from Paul M. Peatross, Jr., Trustee for the Harlow family, to address future growth of the Health Sciences Center and School of Medicine space needs; and
• WHEREAS, in 1998 the General Assembly provided authority to acquire real property using non-general funds for teaching, research and administrative functions;
• RESOLVED that the acquisition of the 204 15th Street S.W. property is approved by the Board of Visitors; and
• RESOLVED FURTHER that the Executive Vice President and Chief Financial Officer is authorized to: 1) negotiate an appropriate price for the Harlow properties subject to the approval of the Chair of the Finance Committee and 2) execute any and all contracts or documents pertaining to the acquisition of the aforementioned properties; and
• RESOLVED FURTHER that the Executive Vice President and Chief Financial Officer is authorized to: 1) negotiate appropriate prices for the other properties that have been identified for future acquisition when they become available, subject to the approval of the Chair of the Finance Committee; and 2) execute any and all contracts or documents pertaining to the acquisition of the aforementioned properties. (See Fiscal Impact Statement for this resolution as Attachment H).