 | Board of Visitors minutes February 14, 1959 |  |
BUILDING SITE FOR MR. DUMAS MALONE
The President presented the petition of Mr. Dumas Malone to be permitted to lease one acre
on University property in the Copeley Hill area adjacent to Old Ivy Road on which to construct a
residence. He recommended that the petition be granted provided that a suitable lease agreement
was negotiated which would protect the interests of the University in the event that Mr. Malone
later decided to dispose of the residence.
The Board adopted the following resolution
RESOLVED by the Board of Visitors of The Rector and Visitors of the University of Virginia
that the President and the General Counsel be and they are hereby authorized to execute a lease
with Mr. Dumas Malone for one acre of University land in the Copeley Hill area adjacent to Old
Ivy Road for the purpose of constructing a residence with the provision that the lease contain
an arrangement by which the University could buy back the residence should Mr. Malone desire to
dispose of it.
| Board of Visitors minutes February 14, 1959 | |