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Board of Visitors minutes
May 23, 1989

 
OFFICIAL MINUTES - TENTATIVE Subject to the Approval of the Board of Visitors THE RECTOR AND VISITORS OF THE UNIVERSITY OF VIRGINIA May 23, 1989
 
MOTIONS FOR EXECUTIVE SESSION
 
ELECTION OF LEONARD W. SANDRIDGE, JR., AS VICE PRESIDENT FOR BUSINESS AND FINANCE
 
ELECTIONS
 
Election of Part-Time Faculty
 
Election of Non-Salaried Faculty
 
Election of Clinical Faculty
 
CHANGE IN THE EFFECTIVE DATE OF THE ELECTION OF DR. RUSSELL B. MCKELWAY
 
ACTIONS RELATING TO CHAIRHOLDERS
 
RE-ELECTIONS
 
CHANGE IN THE TERM OF THE RE-ELECTION OF MS. VICKI J. CREWS-BEHR
 
PROMOTIONS
 
LEAVES OF ABSENCE
 
CHANGE IN THE EFFECTIVE DATE OF THE LEAVE OF ABSENCE OF MR. RIZWAN UDDIN
 
CHANGES OF TITLE
 
CANCELLATION OF THE CHANGE OF TITLE OF MR. BRYAN PFAFFENBERGER
 
RETIREMENTS
 
RESIGNATIONS
 
CHANGE IN THE EFFECTIVE DATE OF THE RESIGNATION OF MS. MINA H. BRAUN
 
APPOINTMENTS
 
RE-APPOINTMENTS
 
ELECTION OF PROFESSOR EMERITUS
 
ANNOUNCEMENT OF CHANGE OF TITLE OF MARION B. PEAVEY
 
ANNOUNCEMENT OF CHANGE OF TITLE OF PAUL R. GROSS
 
ELECTION OF ALEXANDER G. GILLIAM, JR., AS ACTING VICE PRESIDENT FOR DEVELOPMENT AND UNIVERSITY RELATIONS
 
RESOLUTION NAMING THE AEROMATH BUILDING OLSSON HALL
 
ESTABLISHMENT OF THE HENRY L. KINNIER PROFESSORSHIP IN CIVIL ENGINEERING
 
ESTABLISHMENT OF THE GEORGE R. MINOR PROFESSORSHIP IN GENERAL THORACIC SURGERY
 
ESTABLISHMENT OF THE GENENTECH PROFESSORSHIP IN PEDIATRICS
 
ESTABLISHMENT OF THE C. COLEMAN MCGEHEE EMINENT SCHOLARS RESEARCH PROFESSORSHIP IN BANKING AND COMMERCE
 
ESTABLISHMENT OF THE RAMON W. BREEDEN, SR., RESEARCH PROFESSORSHIP IN THE MCINTIRE SCHOOL OF COMMERCE
 
ESTABLISHMENT OF THE ROBERT F. VANDELL RESEARCH PROFESSORSHIP IN THE COLGATE DARDEN GRADUATE SCHOOL OF BUSINESS ADMINISTRATION
 
RENAMING THE JOHN V. RAY PROFESSORSHIP, THE JOHN V. RAY RESEARCH PROFESSORSHIP IN LAW
 
ELECTION OF MR. CLAYTON EDWARD WILHITE TO THE MILLER CENTER COUNCIL
 
RE-ELECTION OF MR. HOWARD W. MCCALL, JR., TO THE MILLER CENTER COUNCIL
 
RE-ELECTION OF DR. EDGAR N. WEAVER TO THE MILLER CENTER COUNCIL
 
REPORT OF THE MEDICAL CENTER ACCOUNTS COMMITTEE
 
APPROVAL OF THE 1989-90 BUDGET FOR THE ACADEMIC DIVISION
 
APPROVAL OF THE 1989-90 BUDGET FOR THE MEDICAL CENTER
 
APPROVAL OF THE 1989-90 BUDGET FOR CLINCH VALLEY COLLEGE
 
APPROVAL OF THE MEDICAL CENTER ROOM RATES
 
APPROVAL OF THE REPORT OF THE BAD DEBTS COMMITTEE
 
APPROVAL OF EASEMENT FOR VIRGINIA POWER ACROSS UNIVERSITY OF VIRGINIA PROPERTY
 
APPROVAL OF EASEMENT FOR POTOMAC EDISON COMPANY ACROSS UNIVERSITY OF VIRGINIA PROPERTY LOCATED IN CLARKE COUNTY, STATE OF VIRGINIA
 
APPROVAL OF EASEMENT FOR CHESAPEAKE AND POTOMAC TELEPHONE COMPANY OF VIRGINIA ACROSS UNIVERSITY OF VIRGINIA PROPERTY LOCATED IN CLARKE COUNTY, STATE OF VIRGINIA
 
APPROVAL OF UNIVERSITY MEDICAL CENTER CONTRACT WITH FIRMS SELECTED TO SUPPLY ADDITIONAL DATA PROCESSING HARDWARE
 
APPROVAL OF THE FIRM OF WALKER PARKING CONSULTANTS/ENGINEERS IN ASSOCIATION WITH CHANCE MANAGEMENT ADVISORS, FOR THE PERFORMANCE OF A PRE-PLANNING STUDY FOR THE CENTRAL GROUNDS PARKING FACILITY AND OUTSIDE UTILITIES
 
ANNOUNCEMENT OF ARCHITECTURAL SELECTIONS FOR IMPROVEMENTS OF HOSPITAL FACILITIES
 
RESOLUTION FOR AUTHORIZATION TO PARTICIPATE IN COMMONWEALTH OF VIRGINIA 9-C BOND ISSUE
 
RECOMMENDATION OF CONTINUATION OF CERTAIN SPECIAL PURPOSE RESEARCH AND PUBLIC SERVICE CENTERS
 
APPROVAL OF PROPOSALS FOR COMMONWEALTH CENTERS IN NEW ELECTRONIC MATERIALS AND DEVICES AND IN GENETICS AND DEVELOPMENT
 
APPROVAL OF THE 1988-89 and 1989-90 BUDGETS OF FUNDS FROM THE PRATT ESTATE FOR SPECIFIED DEPARTMENTS IN THE SCHOOL OF MEDICINE AND ARTS AND SCIENCES
 
APPROVAL OF CONTINUATION OF PROXY ADVISORY COMMITTEE
 
DISCUSSION OF EXTENDED MEETING SCHEDULE
 
GIFTS, GRANTS AND CONTRACTS
 
REPORT ON CONSTRUCTION
 
APPROVAL OF SALARY INCREASES FOR THE PRESIDENT OF THE UNIVERSITY AND THE CHANCELLOR OF CLINCH VALLEY COLLEGE
 
REPORT BY THE RECTOR ON THE ACTION OF THE EXECUTIVE COMMITTEE REGARDING THE APPROVAL OF THE FIRM OF RTKL ASSOCIATES, INCORPORATED, FOR THE PERFORMANCE OF PLANNING STUDIES, PRE-PLANNING STUDIES AND PRELIMINARY ARCHITECTURAL DESIGN FOR THE MODERNIZATION OF HEALTH SCIENCES CENTER FACILITIES
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RESOLUTION AUTHORIZING THE ISSUANCE OF THE RECTOR AND VISITORS OF THE UNIVERSITY OF VIRGINIA HOSPITAL REVENUE REFUNDING BONDS IN ONE OR MORE SERIES IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $142,795,000 AND EMPOWERING THE EXECUTIVE COMMITTEE OF THE BOARD OF VISITORS AND THE OFFICERS OF THE UNIVERSITY TO TAKE CERTAIN ACTIONS IN CONNECTION THEREWITH
 
1. AUTHORIZATION OF BONDS.
 
2. AUTHORIZATION OF RESOLUTIONS.
 
3. AUTHORIZATION TO OFFICERS.
 
APPROVAL OF AMENDMENTS TO THE GUIDELINES FOR STUDENT ACTIVITIES CURRENT FUND ALLOCATION
 
AUTHORIZATION FOR THE VICE PRESIDENT FOR BUSINESS AND FINANCE TO ENTER INTO A COAL MINING CONTRACT
 
TERMINATION OF COMPENSATION PLAN
 
RESOLUTION OF APPRECIATION TO THE SOUTHWEST VIRGINIA CENTER AND TO CLINCH VALLEY COLLEGE
 
CLINCH VALLEY COLLEGE
 
RE-ELECTIONS
 
PROMOTIONS
 
RETIREMENT
 
ELECTION OF PROFESSOR EMERITUS
 
APPROVAL OF THREE NEW MEMBERS OF THE CLINCH VALLEY COLLEGE ADVISORY COUNCIL
 
RESOLUTION OF CONGRATULATIONS TO CLINCH VALLEY COLLEGE
 
Exhibit A

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1. AUTHORIZATION OF BONDS.

  • The Board hereby authorizes, pursuant to the Act, the issuance, execution and sale of hospital revenue bonds of the University (the "Bonds"), in one or more series to finance, together with other available funds, the costs of refunding all or part of the Series C Bonds and the Series D Bonds and completing the replacement hospital portion of the Project and other hospital improvements and renovations heretofore approved by the General Assembly (including (if and to the extent provided in the Series Resolution or Series Resolutions providing for the issuance of the Bonds) the funding of interest, reserves and costs of issuance) and, pursuant to Section 23-19 of the Act, hereby provides that the terms and conditions of the Bonds shall be specified by the Executive Committee of the Board (the "Executive Committee"), subject to the following limitations:
  • a. Maximum principal amount: $142,795,000.
  • b. Maturity: On any date or dates not later than June 1, 2025.
  • c. Interest Rate: Any fixed rate not to exceed 8% per annum.
  • d. Date of Bonds: Any date not later than December 1, 1989.
  • e. Interest payment dates: On any date not more frequently than monthly.
    • 3684

  • f. Denominations: Any multiple of $1,000.
  • g. Form of Bonds: Registered.
  • h. Execution; Medium and Place of Payment: As approved by the Executive Committee consistent with the laws of the Commonwealth.
  • i. Redemption: On any date approved by the Executive Committee with a premium not to exceed 4%.
  • j. Sale price: At least par minus (1) a bond discount to underwriters not to exceed 2 1/2%, plus (2) if deemed advisable in connection with the marketing of the Bonds, a discount to investors in an amount to be determined by the Executive Committee.
  • k. Amount of bond proceeds used to purchase bond insurance, letters of credit and other credit enhancements: Not more than 4% of original principal amount of Bonds.
  • l. Security: The Bonds, together with any outstanding Series C Bonds and Series D Bonds not being refunded, and any additional bonds issued pursuant to the Master Resolution adopted by the Executive Committee on November 30, 1984, will be secured by a pledge of the Net Revenues (as defined in said Master Resolution).
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