Board of Visitors minutes :: October 11, 1985 :: University of Virginia Library

APPROVAL OF FINANCIAL REPORT PERTAINING TO EXPENDITURE OF FUNDS FROM THE PRATT ESTATE

UNIVERSITY OF VIRGINIA JOHN LEE PRATT FUNDS AS OF JUNE 30, 1985

APPROVAL OF THE 1986-1988 FINANCIAL AND ADDENDUM PROPOSALS FOR THE UNIVERSITY DIVISION, THE UNIVERSITY HOSPITALS, AND CLINCH VALLEY COLLEGE

APPROVAL OF EASEMENT TO ALBEMARLE COUNTY SERVICE AUTHORITY OVER BLUE RIDGE HOSPITAL PROPERTY

APPROVAL OF THE FIRM OF KAMSTRA-DICKERSON AND ASSOCIATES FOR THE PERFORMANCE OF ARCHITECTURAL DESIGN FOR CONSTRUCTION OF ATHLETIC OFFICES AND MEETING ROOMS/IMPROVED PRACTICE FACILITIES

APPROVAL OF THE FIRM OF HAYES, SEAY, MATTERN AND MATTERN FOR THE PERFORMANCE OF ARCHITECTURAL DESIGN FOR MODERNIZATION OF THE SCHOOL OF ENGINEERING AND APPLIED SCIENCE

REPORT OF THE HOSPITAL ACCOUNTS COMMITTEE

RESOLUTION OF CONGRATULATIONS TO THE SCHOOL OF ENGINEERING AND APPLIED SCIENCE

AMENDMENT TO THE MANUAL OF THE BOARD OF VISITORS

APPROVAL OF SUMMARY OF AUDIT REPORTS

AUTHORIZATION TO MAKE REPORT OF INTERNAL AUDITOR AS A PLANNING DOCUMENT

APPROVAL OF LEASES FOR THE SIGMA NU, SIGMA PHI, KAPPA SIGMA AND ZETA PSI HOUSES

ESTABLISHMENT OF A SPECIAL COMMITTEE ON REAL ESTATE

REPORT ON THE AAU SALARY SCALE

RESOLUTION REGARDING ALUMNI ASSOCIATION EXERCISE OF OPTION ON BRUNTON PROPERTY

GIFTS, GRANTS AND CONTRACTS

REPORT ON DEVELOPMENT

REPORT BY THE RECTOR ON THE ACTIONS OF THE EXECUTIVE COMMITTEE

RESOLUTION AUTHORIZING THE ISSUANCE OF NOT EXCEEDING $40,000,000 THE RECTOR AND VISITORS OF THE UNIVERSITY OF VIRGINIA HOSPITAL REVENUE REFUNDING BONDS AND DELEGATING TO THE EXECUTIVE COMMITTEE OF THE BOARD OF VISITORS THE POWER TO TAKE CERTAIN ACTIONS WITH RESPECT THERETO

STATEMENT OF THE BOARD ON THE REPORT OF THE PROXY ADVISORY COMMITTEE

CLINCH VALLEY COLLEGE MATTERS

ATTACHMENT SECOND AMENDMENT OF TRUST AGREEMENT FOR POOLED INCOME FUND

WITNESSETH:

ATTACHMENT A UNIVERSITY OF VIRGINIA ACADEMIC EXCELLENCE MATCHING GIFT PILOT PROGRAM

ATTACHMENT B May 19, 1983 UNIVERSITY OF VIRGINIA CONSOLIDATED ENDOWMENT FUND INVESTMENT OBJECTIVES AND POLICIES

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RESOLUTION REGARDING ALUMNI ASSOCIATION EXERCISE OF OPTION ON
BRUNTON PROPERTY

As of September 19, 1985, the Alumni Association of the University of Virginia entered into an option agreement with Laura S. Brunton and Laurence A. Brunton. That option agreement covered real estate situated in the City of Charlottesville, Virginia, located at 581 Brandon Avenue and known as part of Lot 6, City Tax Map 11, Parcel 94. The University Administration has decided that it would be in the best interests of the University for the Alumni Association to exercise the option.

The following resolution was adopted:
RESOLVED that the Vice President for Business and Finance be, and he hereby is, authorized to enter into a contract with the Alumni Association of the University of Virginia which should, among other things, provide for:
- (1) The exercise, by the Alumni Association, of the option, dated as of September 19, 1985, between the Alumni Association and Laura S. Brunton and Laurence A. Brunton, covering the real estate situated in the City of Charlottesville, Virginia, located at 581 Brandon Avenue and known as part of Lot 6, City Tax Map 11, Parcel 94.
- (2) A loan by the University to the Alumni Association of $115,000 to cover the cost of acquiring the property;
- (3) Examination of title by the Alumni Association and approval of any objections to title by the University;
- (4) The closing of the purchase by the Alumni Association; and
- (5) The agreement by the Alumni Association to convey the property upon the request of the University to the University, it designees or assigns.

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RESOLVED FURTHER that the University lend $115,000, interest free, to the Alumni Association of the University of Virginia for use by the Alumni Association to accomplish the purchase and acquisition of the above-described property;
RESOLVED FURTHER that the University be, and it hereby is, authorized to reimburse the Alumni Association for expenses incurred by it in the acquisition and management of the property;
RESOLVED FURTHER that the Vice President for Business and Finance be, and he hereby is, authorized to execute the contract between the University and the Alumni Association and to instruct the Alumni Association to exercise the option.