Board of Visitors minutes :: March 22, 1991 :: University of Virginia Library

BOARD MEETING AS A COMMITTEE OF THE WHOLE REGARDING ISSUES RELATED TO THE UNIVERSITY BUDGET, THE UNIVERSITY'S TEN YEAR ACADEMIC PLAN AND LEGISLATIVE ISSUES

CHANGE IN THE NAME OF A COMMONWEALTH PROFESSORSHIP TO THE CLIFTON WALLER BARRETT PROFESSORSHIP

INCREASE IN APPLICATION FEES FOR THE ACADEMIC DIVISION

APPROVAL OF PROPOSED CONTRACT RATES FOR DINING SERVICES, 1991-1992

APPROVAL OF INCREASE IN FACULTY AND STAFF HOUSING RATES FOR THE ACADEMIC DIVISION FOR 1991-92

APPROVAL OF RESIDENTIAL HOUSING RATES FOR CLINCH VALLEY COLLEGE FOR 1991-92

APPROVAL OF THE FIRM OF AYERS SAINT GROSS FOR THE PERFORMANCE OF THE PREPLANNING STUDY FOR THE NEWCOMB HALL EXPANSION PROJECT

AUTHORIZATION FOR THE SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER AND ASSISTANT VICE PRESIDENT FOR FINANCE TO SIGN CONTRACTS WITH THE VIRGINIA COLLEGE BUILDING AUTHORITY FOR LEASED EQUIPMENT NOT EXCEEDING $3.0 MILLION

APPROVAL OF THE WRITE-OFF OF BAD DEBTS AND FREE SERVICE

APPROVAL OF AUTHORIZATION FOR THE UNIVERSITY TO EXECUTE THE PROCUREMENT CONTRACT FOR BLOOD PRODUCTS AND ASSOCIATED SERVICES

APPROVAL OF EASEMENT FOR VIRGINIA ELECTRIC AND POWER COMPANY ACROSS UNIVERSITY OF VIRGINIA PROPERTY

RENAMING THE J. WILSON NEWMAN FORUM THE J. WILSON NEWMAN PAVILION

ACCEPTANCE OF THE ANNUAL REPORT OF RADIO STATION WTJU

RE-ELECTION OF MR. HOWARD W. MCCALL, JR., TO THE MILLER CENTER COUNCIL

RE-ELECTION OF THE HONORABLE HERBERT BROWNELL TO THE MILLER CENTER COUNCIL

RE-ELECTION OF MR. J. WILSON NEWMAN TO THE MILLER CENTER COUNCIL

GIFTS, GRANTS, AND CONTRACTS

ADDENDUM TO THE OFFICIAL MINUTES OF THE MEETING OF THE BOARD OF VISITORS OF THE UNIVERSITY OF VIRGINIA

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ADDENDUM TO THE OFFICIAL MINUTES OF THE MEETING OF THE BOARD OF VISITORS OF THE UNIVERSITY OF VIRGINIA

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ADDENDUM TO THE OFFICIAL MINUTES OF THE MEETING OF THE BOARD OF VISITORS OF THE UNIVERSITY OF VIRGINIA

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ADDENDUM TO THE OFFICIAL MINUTES OF THE MEETING OF THE BOARD OF VISITORS OF THE UNIVERSITY OF VIRGINIA

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AUTHORIZATION FOR THE SENIOR VICE PRESIDENT AND CHIEF
FINANCIAL OFFICER AND ASSISTANT VICE PRESIDENT FOR
FINANCE TO SIGN CONTRACTS WITH THE VIRGINIA COLLEGE
BUILDING AUTHORITY FOR LEASED EQUIPMENT NOT EXCEEDING
$3.0 MILLION

The following resolution was adopted:

WHEREAS, the Virginia College Building Authority (the Authority) has instituted a program of purchasing scientific and technical equipment (the Equipment) for lease to public institutions of higher education in the Commonwealth of Virginia for use in teaching and research;
WHEREAS, the Board of Visitors of the University of Virginia (the Institution) hereby finds it will be in the best interest of the Institution to lease Equipment having an aggregate value not exceeding $3,000,000 from the Authority; and,
WHEREAS, there has been presented to the Board a form of a Lease Agreement providing for the lease of Equipment by the Institution from the Authority;
BE IT RESOLVED BY THE BOARD OF VISITORS:
1. The Institution shall lease Equipment having an aggregate value not exceeding $3,000,000 from the Authority under terms and conditions substantially as set forth in the form of the lease Agreements presented to the Board of Visitors of the University of Virginia, which is hereby approved.
2. The Senior Vice President and Chief Financial Officer and the Assistant Vice President for Finance of the Institution are each hereby authorized and directed to take such further action as may be necessary or desirable to effect such leases of Equipment, including executing and delivering such Lease Agreements and supplements thereto as may be necessary or desirable.
3. The Senior Vice President and Chief Financial Officer or the Assistant Vice President for Finance may approve such charges or modifications to the form of Lease Agreement as such officer may determine to be in the best interest of the Institution, such Officer's execution of such Lease Agreement with such changes to be conclusive evidence of approval.
4. The obligations of the Institution to pay rent for Equipment under such Lease Agreements shall be payable in such installments with interest at such rate or rates over such term or terms as the President or the Senior Vice President and Chief Financial Officer or the Assistant Vice President for Finance shall determine to be in the best interest of the Institution.