University of Virginia Library

EXECUTIVE SESSION

After adopting the following motions, the Board went into Executive Session at 11:35 a.m.:

That the Board of Visitors go into Closed Session to consult with General Counsel regarding his privileged legal report to the Board on pending and anticipated litigation affecting the University, and disclosure of any material litigation risk, as provided for in Section 2.2-3711 (A)(7) of the Code of Virginia.

That the Board of Visitors go into Closed Session for the purpose of discussing performance and/or approving personnel actions involving the appointment, reappointment, nomination, evaluation, compensation, and resignation of specific University officers and employees as provided for in Section 2.2-3711 (A) (1) of the Code of Virginia.

That the Finance Committee of the Board of Visitors go into Closed Session to discuss and receive a report on the status of negotiations concerning the acquisition and possible swap of specific real estate located in the greater Charlottesville area, as well as to discuss investing and divesting the managed endowment of the University in companies transacting business overseas, where disclosure at this time would adversely affect the University's financial interests and negotiations as permitted by Section 2.2- 3711 (A) (3), (6), and (21) of the Code of Virginia.

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The Board recessed at 12:00 noon for lunch and resumed its meeting, once more in Executive Session, at 1:00 p.m.

After adopting a resolution certifying that its discussions in Executive Session had been conducted in accordance with the exemptions granted by the Virginia Freedom of Information Act, the Board resumed in Open Session at 1:30 p.m.

That we vote on and record our certification that, to the best of each Board member's knowledge, only public business matters lawfully exempted from open meeting requirements and which were identified in the motion(s) authorizing the closed session, were heard, discussed or considered in closed session.