M E M O R A N D U M

							November 17, 2010

To:		Members of the Board of Trustees

From:		Nancy L. Zimpher, Chancellor

Subject:	Acquisition of Property -- State University of New York at Stony Brook

       I recommend that the Board of Trustees adopt the following resolution:

Whereas it is necessary for the purposes of the State University of New York at Stony Brook to acquire the real property hereinafter described, together with all improvements thereon; now, therefore, be it

Resolved that the approximately 3.22 acre parcel of real property, together with all improvements thereon, situated at 2000 Ocean Avenue in the Town of Ronkonkoma, County of Suffolk, New York, and owned by Nassau Suffolk Lumber & Supply Corporation, be purchased for the sum not to exceed $3,760,000, as established by a proper appraisal and an accurate survey, and approval of title to said real property by the Attorney General; and, be it further 

Resolved that the Chancellor, or designee, be, and hereby is, authorized to execute any and all documents, notices, maps, or any other instruments necessary or appropriate to effect the acquisition of title to and possession of such property.

Background

       State University of New York at Stony Brook requires this land and building to allow it to consolidate administrative and warehouse space currently in leased facilities to an owned facility, thus reducing costs.