 | Board of Visitors minutes November 10, 1945 |  |
PURCHASE OF THE BROMPTON PROPERTY:
At the last meeting on September 12, 1945, the Board of Visitors authorized Mary Washington
College to purchase the historic Brompton estate of 174 acres and to pay a sum not to exceed $65,000.00
which seemed to be sufficient at that time. Before the transaction could be completed, however, the
owners received an offer at $73,000.00 from another source. In order to secure the property, therefore,
it was necessary for the college to make another offer in the amount of $71,000.00 which was approved
by the Governor. In spite of the fact that the offer of $73,000.00 was subsequently raised to $75,000.00,
the heirs and the commissioners agreed to sell the property to the college for $71,000.00.
It is, therefore, recommended that the following action be taken.
RESOLVED, by the Board of Visitors of the Rector and Visitors of the University of Virginia,
that the President of Mary Washington College be, and he is hereby authorized and directed to purchase
for the sum of seventy-one thousand dollars ($71,000) the property known as "Brompton", located
near the present campus, containing one hundred seventy-four (174) acres, more or less, to be paid
for out of the money accummulated in the College's maintenance fund through operating economies
and revenues collected in excess of budget estimates.
The meeting then adjourned.
Rector
Secretary
| Board of Visitors minutes November 10, 1945 | |