Repository: UIHistories Project: Board of Trustees Minutes - 1990 [PAGE 126]

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114

BOARD O F T R U S T E E S

[ N o v e m b e r 15

business a n d finance); Mr. Byron H. Higgins, university counsel; Mr. B e r n a r d T. Wall, t r e a s u r e r ; a n d Dr. Michele M. T h o m p s o n , secretary. In addition, t h e following persons were also in a t t e n d a n c e : Mr. Donald K. Coe, director, University Office of Public Affairs; Mr. Kirk H a r d , executive assistant to t h e president of t h e University; a n d Mr. R. C. Wicklund, associate secretary. EXECUTIVE SESSION1 President Wolff, r e f e r r i n g to Section T w o of t h e O p e n Meetings Act, stated: " A motion is now in o r d e r to hold an executive session to consider information r e g a r d i n g t h e a p p o i n t m e n t , employment, o r dismissal of employees or officers, to discuss p e n d i n g , p r o b a b l e , or i m m i n e n t litigation, t h e acquisition of real property, to discuss campus security, a n d to receive legal advice from counsel." T h e m o t i o n was m a d e by Mrs. G r a v e n h o r s t a n d a p p r o v e d unanimously. Purchase, Sale, and Exchange of Land for the College of Agriculture, Urbana (1) Over recent years, the reassignment of College of Agriculture land to the College of Veterinary Medicine, Division of Intercollegiate Athletics, State Surveys, and other units has created a deficiency of the land needed for agricultural research. T h e recently approved South Farms Master Plan suggests further accommodation of nonagricultural uses on land assigned to the College of Agriculture. To provide the necessary land resources for the college, the master plan recommends the expansion of the south farms by approximately 1,600 acres. Marjorie P. Grein, the widow of the late Henry E. Grein, and other family members own two farms along Curtis Road. One 200-acre tract is contiguous and immediately to the east of the University's "Maxwell farm." T h e other 200-acre tract is located one mile to the east along Curtis and Ridge Roads. T h e college wishes to acquire the use of both farms which are appropriately located and have soil types, slopes, and drainage suited to its needs. Mrs. Grein has indicated a willingness to sell both farms at a total price of $1,400,000 ($3,500 per acre), a price supported by University appraisal. It is proposed that the following transactions and allocation of funds provide for the necessary financing to acquire both Grein tracts. T h e r e is an approximately 160acre agricultural demonstration field located near Elwood that is no longer required for University research because of size, location, and changing programs. To realize the value of the Elwood field, an exchange is proposed. T h e Stepan Company, Northfield, owns adjoining industrial property and has expressed a willingness to enter into an agreement which will result in the exchange of approximately 143 acres of the Grein farm to the University (at a cost of $500,000) for the approximately 160-acre Elwood property. T h e Elwood property is estimated to be valued between $300,000 and $400,000; and the Stepan Company will provide a gift for the difference between the appraisal value and the exchange cost for the Grein land.

1 On the previous day, Wednesday, November 14, the board's Committee on the University Hospital received reports on the census, the mix of patients by payor category, and the fees charged at the University clinics. A report was also presented by Dr. Mi Ja Kim, dean, College of Nursing, Chicago campus, along; with a tour of the College of Nursing facility. In addition, a report was received by the Committee on Affirmative Action on recruitment and retention of minority students, faculty, and staff and on University purchasing from minority and female contractors.