The University of Virginia Foundation purchased the apartment complex at 1982 Arlington Boulevard in June 2020 for $10 million. The complex had been owned by Woodard Properties since 1983.
Recently there was a water leak at the building that resulted in usage 16 times the regular amount and repairs were made.
“Per the City’s leak credit procedures, the customer has requested a credit to their water and wastewater accounts for this location,” reads a staff report for an item on the consent agenda of the November 4 City Council meeting.
The amount calculated to $10,887.26 and Council must approve any credit over $10,000. Council did so last night with no comment.
The UVA Foundation is in the process of consolidating properties along Arlington Boulevard. On May 31, an entity tied to the Foundation called “Arlington Boulevard of Charlottesville LLC” paid $10.5 million to the University of Virginia Credit Union for 1932 Arlington and 1936 Arlington.
On December 30, 2019, the University of Virginia Foundation paid $10 million for 2102 and 2106 Arlington Boulevard.
The 66.2 acres immediately to the southwest of Arlington Boulevard are owned by the University of Virginia outright and on land in Albemarle County. Planning is conducted in-house and behind closed doors.
The consolidation of properties along Arlington Boulevard is similar to the process used to slowly convert properties on Ivy Road, Emmet Street, and Brandon Avenue into future UVA properties which are not subject to local zoning control, local taxation, or local planning requirements.
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