Victoria University (Toronto, Ont.). Board of Regents Property Committee

• Property Committee of the Board of Regents

In 1927, a committee consisting of Mr. F.H. Deacon, Mr. J.R.L. Starr and Mr. G.H. Locke and later Chancellor Bowles, was appointed as a Property Committee to ‘keep an outlook and advise the Board on properties which can be obtained which it might seem wise that the Board should purchase’. To this Committee was also referred the method of administering the property of the College and also had power to make necessary building repairs. In 1954, the Property Committee merged with the Finance Committee to form the Finance and Property Committee. In 1985, The Finance and Property Committee became the Financial Management and Planning Committee. The Property Committee was one of 3 sub-committee to this Committee (along with the Budget and Investment Committees). In 1992, By-Law No. 1 was amended and the Financial Management and Planning Committee was dissolved and it's sub-committees became Standing Committees. The new Property Committee had responsibility for all matters pertaining to the use, maintenance and improvement of the University's buildings, grounds and other real assets. It was also tasked with developing long-term plans for capital improvements in the University's buildings, facilities and lands. By 2018, the Property Committee's purpose was "making recommendations to the Board of Regents on all matters pertaining to the use, maintenance and improvement of Victoria University's buildings, grounds and other real assets (“the Portfolio”) and its preservation as an effective asset for the future use of the University. The Committee shall be responsible for the development and leasing of the Portfolio and the oversight of its arrangements with its developers, lessees and tenants with a view to maximizing its value to the University. The Committee shall review annually all requests for capital expenditures and will submit such requests with its recommendations to the Finance, Audit and Pension Committee. It shall develop and maintain long-term plans i) for the development, use and maintenance of the Portfolio, and ii) for capital improvements in the Portfolio. It shall be responsible for the maintenance and enhancement of the reputation for high quality architecture and design and high standards of historical preservation."

Victoria University By-Law No. 1
Mandate of the Property Committee - May 31 2018

MB 2017

Board of Regents minutes 1987.125V-2-1 and Board of Regents Annual meeting October 22, 1999 minutes.