2000-11-17_REVISION - M1981302 - Laserfiche WebLink

Home Browse Search

:legation afqurhonty a C1,3nerllon cc Execute COContracEs — _'— _ h�:�cusyacaW-pofic,evGmera:.u+naecuce.t;ml I 11. Real property j Real orooerty contracts and instruments not exceeding one million dollars($1,000,000) shall be executed in accordanlcc with the following rules; A. Acquisition of R. Property The Chancellors-may pip leases of instructional off-campus space, unless the total dollar amount e)�c-eds one million dollars(S1,000,000),but only after prior approval by-Central Administration(which shall determine if formal . approval by the Board.of Regents is necessary), and the Colorado Commission on Higher Educatiork*r specific details concerning the Central Administration apprgvai process, see the Administrative Policy Statement entitled, "Format for Proposed Real Estate Transactions Concerning Property Acquisition Submittbd-to the Board of Regents.") The Chanccll I ma�sign leases of non-instructional off-campus space after approval by teal Adatinistratioa unless the total dollar amount exceeds one million doll 151;IT'000.00).Prior approval by Central Administration is not required if the term £tlte lease is for less than twelve,(12)months and the total dollar ituount is less than fifty thousand dollars(S50,000.00). The Chancellors miy sign apeements acquiring fee simple interests in real property only after formal approval by the Board of Regents and the Colorado Commission on Righer Education jand,if necessary,other approvals) unless the total dollar amduru exceeds onamiilion dollars{$1,000,000.00). I i B.Disposition of ealProperty The President's authority does not include the authority to dispose of University assets. Consequently, an} contract or other document which effectively-transfers real property outside the Unive"must be approved by the Board of Regents. Such dispositions shall be made in accordance with the Administrative Policy Statement entitled, "Format for Real Estate Transacdor s Concerning•Property-Disposition Submitted to the$oard of Regents." i The President had the authority to sign documents or contracts vonveying interests in real property so long is such conveyances do not, in effect,dispose of the assets of the University. Pursuant to the President's authority as described above, the President hereby delegates to the Chancellors the authority tb srign University housing leases, short-term facility leases(meeting rooms, conferences,and concession space), leases of space for five(5) years or less and leases of space for services such as automatic banitittg machines without prior review by Central Administration. The Chancellors are further Ittthotized to sub-delegate, in writing, to their subordinates such of their authority to so contract as will facilitate the administration of the respective campuses. Such contracts or other inst IIments shall be executed, on behalf of the University and its governing board, in the name of the "Regents of the University of Colorado, a body corporate" but it shall not be i • IUIil003:SS