University of Virginia Library

"MONTEBELLO"

President Darden presented a letter from Charles E. Moran, of Charlottesville, offering,
on behalf of the Moran family, to sell the "Montebello" property to the University for the sum of
$65,000. The Board adopted a resolution authorizing the President to decline the offer and to
release the Moran family of the obligation, entered into by them in 1948, to offer the property
to the University before placing it on the market.