November 18-19, 1999
ITEM 105-2702-R1199 Authorization to Purchase Real Property (3009 Yucca); Montana State University-Billings
THAT: The Board of Regents of the Montana University System authorizes Montana State University-Billings to purchase the Billings property commonly referred to as 3009 Yucca.
EXPLANATION: The property is within the area of purchase authorized by the Board of Regents in the 1998 Long Range Building Plan. Revenue generated by MSU-Billings= rental properties would be utilized for the purchase; no state funds would be expended. Two independent appraisals resulted in valuations of $140,000 and $144,000. The conditionally negotiated price, which the Board is asked to approve, is $144,000. (Appraisals available for Board consideration.)