Board of Visitors minutes :: October 4, 2003 :: University of Virginia Library

APPROVAL OF A PERMANENT EASEMENT FOR VIRGINIA ELECTRIC AND POWER COMPANY FOR A POWER LINE ON UNIVERSITY PROPERTY AT THE MILLMONT STREET TRANSPORTATION BUILDING

APPROVAL OF PERMANENT EASEMENTS FOR VIRGINIA ELECTRIC AND POWER COMPANY, SPRINT, ADELPHIA, AND NTELOS FOR UTILITY LINES ON UNIVERSITY PROPERTY ON THE WEST SIDE OF EMMET STREET AT THE EMMET STREET BRIDGE

APPROVAL OF PERMANENT EASEMENTS FOR VIRGINIA ELECTRIC AND POWER COMPANY AND NTELOS FOR UTILITY LINES ON UNIVERSITY PROPERTY AT THE IVY ROAD ENTRANCE TO THE EMMET STREET PARKING GARAGE

APPROVAL OF PERMANENT EASEMENTS FOR THE UNIVERSITY OF VIRGINIA AT THE IVY ROAD —' ROTHERY ROAD INTERSECTION ON PROPERTIES ADJACENT TO THE INTERSECTION

CONFLICT OF INTEREST EXEMPTION (MEDICAL PREDICTIVE SCIENCE CORPORATION)

CONFLICT OF INTEREST EXEMPTION (JKM Technologies, LLC)

APPROVAL OF THE BOARD OF VISITORS REPRESENTATIVES TO THE GOVERNING BOARDS OF UNIVERSITY-RELATED FOUNDATIONS

APPROVAL OF THE PROGRAMMING AGREEMENT WITH WVTF AND AUTHORIZATION FOR THE EXECUTIVE VICE PRESIDENT AND CHIEF OPERATING OFFICER TO TRANSFER ASSETS AND LICENSE FOR WISE-FM TO WVTF-FM

APPROVAL OF WTJU'S 2002-03 ANNUAL REPORT

DELEGATION OF APPROVAL AUTHORITY TO THE PRESIDENT WITH REGARD TO EMPLOYEE PERSONAL INTERESTS IN CONTRACTS FOR RESEARCH AND DEVELOPMENT OR COMMERCIALIZATION OF INTELLECTUAL PROPERTY

APPROVAL OF THE CREATION OF THE UNIVERSITY OF VIRGINIA SCHOOL OF ARCHITECTURE FOUNDATION

APPROVAL OF THE 2004-2006 BIENNIAL BUDGET REQUEST FOR THE ACADEMIC DIVISION, THE MEDICAL CENTER AND THE UNIVERSITY OF VIRGINIA'S COLLEGE AT WISE

APPROVAL OF EXPANSION OF THE UNIVERSITY OF VIRGINIA POLICY STATEMENT GOVERNING EXERCISE OF AUTONOMY IN LEASES OF PROPERTY TO INCLUDE INCOME OPERATING LEASES AND CAPITAL LEASES

APPROVAL OF THE APPOINTMENT OF A PUBLIC MEMBER TO THE BOARD OF THE UNIVERSITY OF VIRGINIA INVESTMENT MANAGEMENT COMPANY

APPROVAL OF INVESTMENT IN THE UNIVERSITY'S RESEARCH ENTERPRISE

APPROVAL OF COMPENSATION ADJUSTMENTS AND INTENT TO ACHIEVE COMPETITIVE COMPENSATION FOR FACULTY AND STAFF

MEMORIAL RESOLUTION FOR FREDERICK G. POLLARD

APPROVAL OF SUMMARY OF AUDIT AND COMPLIANCE FINDINGS

FACULTY PERSONNEL ACTIONS

THE UNIVERSITY OF VIRGINIA'S COLLEGE AT WISE

MISSION STATEMENT, SPECIAL COMMITTEE ON DIVERSITY

EXECUTIVE COMMITTEE, TELEPHONE POLL ON AUGUST 27-28

THE BOARD OF THE UNIVERSITY OF VIRGINIA INVESTMENT MANAGEMENT COMPANY ON SEPTEMBER 4, 2003

THE MEDICAL CENTER OPERATING BOARD ON AUGUST 1, 2003

The Medical Center Operating Board on September 11, 2003

ADDENDUM TO THE OFFICIAL MINUTES OF THE MEETING OF THE BOARD OF VISITORS OF THE UNIVERSITY OF VIRGINIA Meeting Date: October 3-4, 2003

POLICY STATEMENT GOVERNING EXERCISE OF AUTONOMY IN OPERATING AND CAPITAL LEASES OF PROPERTY

THE RECTOR AND VISITORS OF THE UNIVERSITY OF VIRGINIA POLICY STATEMENT GOVERNING EXERCISE OF AUTONOMY IN OPERATING AND CAPITAL LEASES OF PROPERTY

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APPROVAL OF INVESTMENT IN THE UNIVERSITY'S RESEARCH
ENTERPRISE

WHEREAS, the Board has reviewed the status of the research program within the University with the intention that the University build its research enterprise in support of its goals and the Governor's goals for teaching, knowledge creation, technology transfer, and economic development; and

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WHEREAS, the University's research program requires an investment in facilities and faculty to achieve and maintain the national standing it seeks; and

WHEREAS, the Educational Policy Committee has asked the President and the Executive Vice President to propose a plan to proceed promptly with the construction of Medical Research Building #6; and

WHEREAS, the Educational Policy Committee also has requested a detailed five-year plan for research based on preliminary information provided by the Vice President and Provost in August 2003, calling for a total investment of $128.5 million and a Board of Visitors commitment of $60 million over the period 2004-2009;

RESOLVED that $20 million be allocated to complete the funding required for Medical Research Building #6 from institutional indirect cost recoveries and investment earnings, subject to funding of the remainder from School of Medicine sources and General Obligation Bond proceeds; and

RESOLVED FURTHER that it is the intent of the Board to invest an additional $40 million from institutional funds in the research enterprise over the five-year period 2004- 2009 to fund, along with other monies provided by the schools and Vice President for Research, ten "National Academy caliber" faculty teams and an Advanced Research and Technology Facility, subject to the submission of an acceptable five-year plan for research not later than April 2004; and

RESOLVED FURTHER that such investment will be made as part of the annual budget approval process over the fiveyear period 2004-2009 subject to confirmation that funding is available, that appropriate measures and milestones are in place, and that progress is being made consistent with the plan to be presented for the research program.

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In adopting the next resolution, the Board expressed its intent as follows: It is the intent of the Board of Visitors that additional funding equivalent to 1 3/4% of

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the salary budget base be provided to The University of Virginia's College at Wise in 2003-04. Resources comparable to those envisioned for the University of Virginia's classified employees also will be provided to The University of Virginia's College at Wise.