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University of Virginia Library

Board of Visitors minutes
January 31, 2003

MEMORANDUM April 15, 2003

RESOLUTIONS ADOPTED BY THE BOARD OF VISITORS January 31-February 1, 2003

TENTATIVE MINUTES SUBJECT TO THE APPROVAL OF THE BOARD OF VISITORS January 31-February 1, 2003

RESOLUTION TO APPROVE ADDITIONAL ACTION ITEMS

APPROVAL OF REVISIONS TO THE MANUAL

RESOLUTION TO APPROVE ADDITIONAL ACTION ITEM

RESOLUTION COMMENDING MS. ELIZABETH A. TWOHY

ESTABLISHMENT OF THE KILLGALLON OHIO ART PROFESSORSHIP IN BUSINESS ADMINISTRATION

ESTABLISHMENT OF THE LESLIE E. GRAYSON PROFESSORSHIP IN BUSINESS ADMINISTRATION

ESTABLISHMENT OF THE DAVID AND MARY HARRISON DISTINGUISHED PROFESSORSHIPS IN LAW

RENAMING OF THE JAMES MADISON PROFESSORSHIP IN LAW; THE JOHN BARBEE MINOR PROFESSORSHIP IN LAW; AND THE JAMES MONROE PROFESSORSHIP IN LAW

APPROVAL OF THE NAMING OF THE ABBOTT CENTER AT THE DARDEN GRADUATE SCHOOL OF BUSINESS ADMINISTRATION

NAMING OF THE C. RAY SMITH ALUMNI HALL AT THE DARDEN GRADUATE SCHOOL OF BUSINESS ADMINISTRATION

APPROVAL OF THE DISPOSITION OF THE 10½ STREET RIGHT-OF-WAY PROPERTY FROM UNIVERSITY OF VIRGINIA TO TENTH AND MAIN LLC

APPROVAL OF THE DISPOSITION OF THE NORTON PROPERTIES ACQUIRED FROM THE ESTATE OF MS. VIRGINIA IRENE MEADOR TO THE NORTON UNITED METHODIST CHURCH

APPROVAL TO OFFER A NEW GRADUATE DEGREE PROGRAM: MASTER OF PUBLIC HEALTH (MPH) IN THE COLLEGE AND GRADUATE SCHOOL OF ARTS AND SCIENCES

APPROVAL OF A PERMANENT EASEMENT FOR THE UNIVERSITY OF VIRGINIA ACROSS PROPERTY OWNED BY UNIVERSITY OF VIRGINIA REAL ESTATE FOUNDATION LOCATED AT THE CAVALIER INN AT THE INTERSECTION OF EMMET STREET AND IVY ROAD

APPROVAL OF EDGAR ALLAN POE HISTORICAL MARKER INSTALLATION

APPROVAL OF ARCHITECTURAL DESIGN GUIDELINES FOR COCKE HALL RENOVATION PROJECT

APPROVAL OF ARCHITECTURAL DESIGN GUIDELINES FOR ROUSS HALL RENOVATION AND COMMERCE SCHOOL PROJECT

APPROVAL OF ARCHITECTURAL DESIGN GUIDELINES FOR BICE HOUSE RENOVATION PROJECT

APPROVAL TO REMOVE THE OBSERVATORY HILL DINING HALL AND THE TREE HOUSE DINING FACILITY

APPROVAL TO REMOVE THE DELL GARDEN STRUCTURE

APPROVAL OF RECOMMENDATION FOR DISPOSITION OF THE COLE MEMORIAL FUND

APPROVAL OF STUDENT HOUSING RATES FOR 2003-2004

MOUNTAIN LAKE BIOLOGICAL STATION RATES

RESOLUTION OF THE RECTOR AND VISITORS OF THE UNIVERSITY OF VIRGINIA, AUTHORIZATION OF ISSUANCE OF UP TO $200,000,000 OF GENERAL REVENUE PLEDGE BONDS

RESOLUTION OF THE RECTOR AND VISITORS OF THE UNIVERSITY OF VIRGINIA AUTHORIZATION OF ISSUANCE OF UP TO $100,000,000 OF COMMERCIAL PAPER

APPROVAL OF A REVISED BUDGET AND FUNDING PLAN FOR THE SOUTH LAWN PROJECT

MEMORIAL RESOLUTION FOR MR. CHAMP CLARK

ELECTION OF MR. EUGENE V. FIFE TO THE MILLER CENTER GOVERNING COUNCIL

REPLACEMENT OF HIGHWAY HISTORICAL MARKER

COMMENDING STUDENT ACCOMPLISHMENTS

PROCESS FOR APPROVING MEDICAL CENTER MARKET-BASED COMPENSATION ADJUSTMENTS

FACULTY PERSONNEL ACTIONS

THE UNIVERSITY OF VIRGINIA'S COLLEGE AT WISE

APPOINTMENT OF NON-VOTING STUDENT MEMBER TO THE BOARD OF VISITORS

RESOLUTION COMMENDING MRS. ELSIE GOODWYN HOLLAND

RESOLUTION COMMENDING MR. T. KEISTER GREER

RESOLUTION COMMENDING THE RECTOR

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REPORT ON ACTIONS OF THE EXECUTIVE COMMITTEE

(a) ASSIGNMENT OF PAVILION IV, EAST LAWN (October 18, 2002)

(b) APPROVAL OF COLLEGE AT WISE TUITION SURCHARGE FOR 2002-2003 (November 26, 2002)

(c) APPROVAL OF FACULTY RETIREMENT INCENTIVE PROGRAM (December 9, 2002)

CREDENTIALING AND RECREDENTIALING ACTIONS

NEW APPOINTMENTS TO THE CLINICAL STAFF

REAPPOINTMENTS TO THE CLINICAL STAFF

STATUS CHANGES TO THE CLINICAL STAFF

SECONDARY APPOINTMENTS TO THE CLINICAL STAFF

RESIGNATIONS FROM THE CLINICAL STAFF

NEW APPOINTMENTS OF ALLIED HEALTH PROFESSIONALS TO THE CLINICAL STAFF

RESIGNATION OF ALLIED HEALTH PROFESSIONALS

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

CERTIFICATION OF EXECUTIVE MEETING

Draft approved by the Executive Committee on December 9, 2002. Final version approved by theSecretary of Education on January 6, 2003.

University of Virginia Separation Incentive Program For Faculty

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(c) APPROVAL OF FACULTY RETIREMENT INCENTIVE PROGRAM (December 9, 2002)

WHEREAS, the University's General Fund appropriation for 2002-2004 has been reduced by $93.5 million and additional reductions may be imposed; and

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WHEREAS, in response to budget reductions, the University is investigating all available means to reduce operating expenses, including expenses for personnel; and

WHEREAS, it is essential that management has the necessary tools to make prudent changes in their operations; and

WHEREAS, §4-6.01.m.1 of the 2002 Appropriations Act requires that the total cost in any fiscal year for any compensation plan associated with retirement incentive plans "shall be set forth by the governing body in the compensation plan for approval by the Governor and review for legal sufficiency by the Office of the Attorney General".

RESOLVED by the Executive Committee of the Board of Visitors, that the Separation Incentive Program for Faculty (shown in Attachment B) be approved; and

RESOLVED FURTHER that the cost of the program in any fiscal year shall not exceed $2 million; and

RESOLVED FURTHER that the Executive Vice President and Chief Operating Officer is authorized to amend the details of the Separation Incentive Program for Faculty as necessary based on the review by the Attorney General and the Governor; and

RESOLVED FURTHER that the Board of Visitors reserves the right to modify, amend or repeal the Program at any time.

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The Board of the University of Virginia Investment Management Company (UVIMCO), meeting on December 12, 2002, took the following actions; these do not require the approval of the Board of Visitors and are listed below as a matter of record:

Investment of up to $50million with Sun Capital Partners

Investment of $5million with SuttonBrook Capital Management

Approval of a program of investing up to $30million in secondary interests in select private equity partnerships

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Approved the expansion of the farm team to include Absolute Return managers

Approved the proposed changes to the General Faculty and Medical Center Retirement Plan, including the addition of the Vanguard Group to the program

Approved the revised guidelines for the General Faculty and Medical Center Retirement Plan.