BUILDING OR LAND ACQUISITIONS. It is the policy of the University that capital projects involving building or land acquisition shall be subjected to thorough inquiry and due diligence prior to closing on the acquisition of such real property. The President, acting through the Executive Vice President and Chief Operating Officer, shall ensure that the project management system implemented pursuant to Section XIII below provides for a review and analysis of all pertinent matters relating to the acquisition of buildings and land as any prudent purchaser would perform to the end that any building or land acquired by the University shall be suitable for its intended purpose, that the acquisition can be made without substantial risk of liability to the University and that the cost of the real property to be acquired, together with any contemplated development thereof, shall be such that compliance with the provisions of Section VI of this Policy is achieved. In addition, the President, acting through the Executive Vice President and Chief Operating Officer, shall ensure that, where feasible and appropriate to do so, the following specific policies pertaining to the acquisition of buildings or land for capital projects are carried out.
BUILDING OR LAND ACQUISITIONS. 560 It is the policy of the University that capital projects involving building or land acquisition shall be 561 subjected to thorough inquiry and due diligence prior to closing on the acquisition of such real 562 property. The President of the University, acting through the Senior Vice President of Administration 563 and Finance or his designee, shall ensure that the project management system implemented pursuant to 564 Section XIII of this policy provides for a review and analysis of all pertinent matters relating to the 565 acquisition of buildings and land as any prudent purchaser would perform to the end that any building 566 or land acquired by the University shall be suitable for its intended purpose, that the acquisition can be 567 made without substantial risk of liability to the University, and that the cost of the real property to be 568 acquired, together with any contemplated development thereof, shall be such that compliance with the 569 provisions of Section VI of this policy is achieved. In addition, the President of the University, acting 570 through the Senior Vice President of Administration and Finance or his designee, shall ensure that, 571 where feasible and appropriate to do so, the following specific policies pertaining to the acquisition of 572 buildings or land for capital projects are carried out.
BUILDING OR LAND ACQUISITIONS. It is the policy of the College that capital projects involving building or land acquisition shall be subjected to thorough inquiry and due diligence prior to closing on the acquisition of such real property. The President, acting through his designee, shall ensure that the project management system implemented pursuant to Section XIII below provides for a review and analysis of all pertinent matters relating to the acquisition of buildings and land as any prudent purchaser would perform to the end that any building or land acquired by the College shall be suitable for its intended purpose, that the acquisition can be made without substantial risk of liability to the College and that the cost of the real property to be acquired, together with any contemplated development thereof, shall be such that compliance with the provisions of Section VI of this Policy is achieved. In addition, the President, acting through his designee, shall ensure that, where feasible and appropriate to do so, the following specific policies pertaining to the acquisition of buildings or land for capital projects are carried out.
