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with the budget estimates for FY 1985 nonappropriated Trust funds.  The following motion was suggested and approved.
VOTED that the Board of Regents approves the Smithsonian Institution budget for FY 1985 for presentation to the Office of Management and budget in September 1983.

[[underlined]]Real Estate Transactions[[/underlined]]

Prospective sales of Smithsonian real estate, reported to the Regents last September, have now taken place: (1) Poplar and Jefferson Islands, located in Chesapeake Bay, have been sold for $60,000 and the proceeds will be dedicated to the work of the Smithsonian Environmental Research Center (formerly the Chesapeake Bay Center for Environmental Studies); (2) undeveloped lots on Mustang Island, near Corpus Christi, Texas, have been sold for $14,000, with the proceeds being added to the Dykes Endowment.

As previously reported, the Smithsonian owns a part interest in undeveloped land in York, Pennsylvania, a bequest from Donald Sultner.  Sale of the property, desired by all the owners, has been delayed sing road access would hamper its commercial development.  At the suggestion of local real estate counsel, and with the approval of the Chairman of the Executive Committee, the Smithsonian has agreed with other owners of the property to purchase a small adjoining property which would link the Sultner land to adequate public roads.  We have been advised that the necessary expenditure ($12,000) is likely to result in a speedier liquidation of the total property (proceeds of which should exceed $200,000 to Smithsonian)

The long-awaited sale of the Belmont Conference Center to the American Chemical Society and the State of Maryland now appears to be at hand.  Settlement, which had encountered numerous delays in the past, took place in mid-September, with all considerations regarding road access, historic conservation easement and other problems successfully resolved.