University of Virginia Library

ACCEPTANCE OF GIFT OF PROPERTY FROM MRS FRANCES MYERS BALL

The President commented on Mrs. Ball and her bequest to the University.

The following resolution was adopted:

• WHEREAS the will-of Mrs. Frances Myers Ball of Charlottesville, Virginia, dated July 15, 1996, provides for a gift of a house and lot located at 1515 Virginia Avenue in the City of Charlottesville to the University of Virginia Real Estate Foundation for the benefit of the University of Virginia School of Medicine; and
• WHEREAS the will further provides for the naming of the house as the "John David Ball House," the use of which shall be for the purpose of housing medical students, residents, visiting medical professors and/or doctors of the School of Medicine or the Health Sciences Center, and that the School of Medicine agree that should said property at any time become better suited for another purpose, including its sale, then the School of Medicine may so act provided it designates another, or an appropriate portion of another, facility, or establishes a Medical School Scholarship Fund under the Virginia Graduate-Undergraduate Assistance Program (VGUAP) and names it in honor of "John David Ball"; and
• WHEREAS unless the terms of the gift set forth above are accepted by The Rector and The Board of Visitors of the University of Virginia within six months from the date of the death of Mrs. Frances Myers Ball (by March 7, 1997), then said real estate shall become part of the residuary estate of Mrs. Frances Myers Ball;
• RESOLVED that The Rector and The Board of Visitors accept the gift of the house and lot located at 1515 Virginia Avenue in the City of Charlottesville, as set forth in Article II of the last will and testament of Mrs. Frances Myers Ball, dated July 15, 1996;
• RESOLVED FURTHER that the Executive Vice President and Chief Financial Officer is authorized to.negotiate with the University of Virginia Real Estate Foundation the terms of any sale of the property, subject to review by the General Counsel, and with the understanding that the proceeds from the sale will remain an asset for the benefit of the School of Medicine, in accordance with Article II of the last will and testament of Mrs. Frances Myers Ball, dated July 15, 1996.
• In response to a question from Mr. McNeely about student enrollments in the School of Engineering, the President spoke about the cyclical nature of enrollments in the School, as well as the change of emphasis from graduate studies to undergraduate studies in Engineering.
• The Rector thanked Mr. Jessee and Mr. Leon, whose terms expire at the end of February, for their devoted service to the Board and to the University.