January 18-19, 2001
ITEM 110-2004-R0101����
Authorization
to Proceed with the Sale of Real Property Commonly Known as the Spring Creek
Residence; Montana State University - Bozeman
THAT:���������������������������
The
Board of Regents authorizes MSU Bozeman to proceed with the sale of the Spring
Creek Residence in accordance with Board of Regents Policy.
EXPLANATION:��������������
MSU
Bozeman currently holds two properties that serve as executive residences, the
Gardner and Spring Creek Houses.� As
previously declared, MSU Bozeman desires to reduce its executive residence
holdings to a single residence.� MSU
Bozeman previously secured Regental Authority to renovate the Gardner House as
the sole Presidential Residence.� The
Gardner House Renovation Project and related landscaping alterations are scheduled
for completion in late December 2000.�
Occupancy is scheduled for early January 2001. These actions free the
Spring Creek Property to be prepared for sale.
In accordance with Board of Regent Policy 1003.6, MSU
Bozeman will secure a current appraisal and, via public notice, secure requests
for proposals.� MSU Bozeman intends to
place the property on the market during the spring to take advantage of
heightened spring real estate activity.�
Final sale is contingent upon Regental and Board of Land Commissioners
approval and MSU Bozeman will bring forth an agenda item at that time.