Board of Visitors minutes June 5, 1981 | ||
OFFER OF CHATTANOOGA PROPERTY FOR SALE
The following resolution was adopted:
- RESOLVED by The Rector and Visitors of the University of Virginia that, subject to the approval of the Governor, the Vice-President for Business and Finance be and he is hereby authorized to list with real estate brokers the real estate located in Chattanooga, Tennessee, consisting of a retail store, an adjoining parkade and an auto service store held as part of the White Burkett Miller Endowment for the purpose of sale for the following amounts:
(1) | Sears Auto Store | $ 500,000 |
(2) | Sears Store (Main Building) and Parkade | 1,800,000 |
(3) | The Combined Properties | 2,250,000 |
(4) | Real Estate Broker Commission not to exceed 6% |
Board of Visitors minutes June 5, 1981 | ||