University
It seems that both Fortune, and the Favor of the King (or, perhaps, these are the same) does not shine on the University, and therefore the Chancellor must responsibly step down following the Great Calamity.
Perhaps there is a new Chancellor who wishes to step forward and direct a rebuilding process for a New University. If not, then I would propose in my letter of resignation that the University be dissolved, the assets (remaining building, gold, and wreckage) be returned to the donators in approximate proportion to their donations, and the remaming unbuilt land be returned to the Town. I leave this final decision to the Town.
signed
The (former) Chancellor.