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APPROVAL OF THE GIFT OF PROPERTY AT THE NORTHEAST CORNER OF THE IVY ROAD/COPELEY ROAD INTERSECTION FROM BB&T CORPORATION
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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6642

APPROVAL OF THE GIFT OF PROPERTY AT THE NORTHEAST CORNER OF THE IVY ROAD/COPELEY ROAD INTERSECTION FROM BB&T CORPORATION

WHEREAS, the traffic study conducted as a part of the Emmet Street Parking Garage project demonstrated the benefits of widening Copeley Road at the Ivy Road intersection; and

WHEREAS, an engineering study indicated that the acquisition of approximately 737 square feet of land at the northeast corner of the Ivy Road/Copeley Road intersection would allow the sufficient widening of Copeley Road to greatly improve the turning movements of buses and other large vehicles from the westbound lane of Ivy Road onto Copeley Road; and

WHEREAS, BB&T Corporation, the owner of the land, has agreed to give the property to the University, along with two easements needed for drainage and a traffic control light, provided the University pays for all of the costs associated with the land transfer;

RESOLVED that the gift of the aforesaid property, consisting of approximately 737 square feet, and located adjacent to Copeley Road at the northeast corner of the Ivy Road/Copeley Road intersection from BB&T Corporation, is approved; and

RESOLVED FURTHER that the Executive Vice President and Chief Operating Officer of the University of Virginia is authorized to execute any and all contracts and other documents pertaining to the gift of the aforesaid property as he may deem necessary or appropriate.