WEI I,EStIYCOLLTCE

OFFICE OF THE PRESIDENT

April25.201.l

Dear Wellesley College Alunrna:

One ofthe most treasured aspects ofthe Wellesley College experience is our beautiful campusenvironment. something that the College is rvorking hard to preserve responsibly. It is ourresponsibility not onll to ste\rard our campus buildings and spaces for the lext gcneration asseen in our plans for campus renerval-but also to ensurc that all ofour property contiDues tobest serve our acadeuric aDd residential comnruDity. As a r'neans of funding this anlbitious pla[(u'hich is expecled to cost at least $365 nillion). the Board ofTrustees and senior leadership ofWellesley College have been exploring options for College-owned propedies that are outside thecore canpus. that are cunently not being used for academic or residential purposes. and that areunlikely to fulfill any specitic campus needs going forward. We call these "fringe properties.'

I would like to irlvite you to meet with College representatives ol1 Tuesday. May 6 at 7:30 p.tnat the Wellesley College CIub to hear about and to discuss our current thinking about College-owned land that fits this description.

Commonly referred to as the Nofih 40 and located at the intersection ofRoutc 135 and WestonRoad. this propeny has long proven unfeasible for academic or related uses. Though we haveexplored options for this parcel in the past. we have thus far been restricted by the deed thaldonated thc land to the College in 1873. However. Wellesley College has recently filed a pctitionwith the Massachusetts Supreme Judicial Court (SJC) seeking to remove thc rest ctiolls set forthin that deed in order to allow lbr outside development on the property- \\hich would significantlyopen up our options to sell or of'f'er a long-term ground lcase on the land.

By sellilg this property or committing to a long-term ground lease. Wellesley will gainadditional financial resources to support our canpus renewal plan. lvhich includes renovationand maintenance elfons as well as modesl additions on a lew existing buildings. 1'he productivere-use ofthe North 40. as well as other fringe properties. will enable us to focus our assets in theareas we can best utilize them.

Should the SJC grant our request. wellesley College is committed to conducting a process that isrespectf'ul ofour surounding community and acknowledges any potential concems that the townand its residents may have. To that end. Wellesley College expects to identity lesponsibledevelopmeDt partners \.'ho are sensitive to community necds and concerns

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While we have no plans for development at this time, we have already held initial discussionswith Wellesley town officials around this matter, which have been positively received, andwould like to extend that opportunity to our alumnae community as well

Thank you for your support.

Sincerely,

H. Kim Bottomly