Repository: UIHistories Project: Board of Trustees Minutes - 1990 [PAGE 150]

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138

BOARD O F T R U S T E E S

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conducted by said University of Illinois and to enable said University of Illinois to discharge its duty to the people of said State and for public use; that funds are available to the University for the purchase of said land for said educational purposes; and this Board of Trustees would have negotiated with the owners of said land through their duly authorized representatives for the purchase of said land at a price which this Board of Trustees considers fair and reasonable and which it finds constitutes the present market value of said land, but that said owners, after diligent public and legal searches, have not been found to offer such price and convey the same to the Board of Trustees; and Be It, and It Is Hereby, Further Resolved, Found, and Declared that the Vice President for Business and Finance or his designee of the University of Illinois be and hereby is authorized to continue negotiations for the acquisition for and on behalf of the University of Illinois with the owners, if found, of the real estate described above, and for the purchase thereof by the University; and Be It, and It Is Hereby, Further Resolved, Found, and Declared by the Board of Trustees of the University of Illinois that if the compensation to be paid by it for said land cannot br offered to owners who cannot be located after diligent public and legal search; that Therefore, Be It, and It Is Hereby, Further Resolved, Found, and Declared by the Board of Trustees of the University of Illinois that because of said need of the University of Illinois for said land for the purposes hereinabove set forth and because the compensation to be paid to the owners thereof for such land cannot be made due to the fact that the owners' location is unknown, it is necessary for the Board of Trustees of the University of Illinois to take said land and acquire title thereto through the exercise by it of the right of eminent domain conferred upon it by law and to have the compensation to be paid by it to the owners if found and any and all other persons who may have any right, title, or interest in and to said land determined in the manner provided by law for the exercise of said right and power of eminent domain; and Be It, and It Is Hereby, Further Resolved by the Board of Trustees of the University of Illinois that the necessary and appropriate action be taken for the acquisition of said title to said property by said Board of Trustees of the University of Illinois and to have the compensation to be paid therefor determined by the institution and prosecution to completion of a proceedings in eminent domain in a court of competent jurisdiction and that the University Counsel of the University be, and h e / s h e is hereby, authorized to proceed accordingly, to institute and prosecute an eminent domain proceeding in the name and on behalf of the Board of Trustees of the University of Illinois for the acquisition of said land and for the determination of the compensation to be paid by it therefor, and to employ such special legal counsel, appraisers, and others as h e / s h e may deem necessary or desirable to assist h i m / h e r in the institution and prosecution of said proceedings.

O n motion of Mrs. Calder, t h e foregoing resolution was adopted by the following vote: Aye, Mr. Boyle, Mrs. Calder, Mr. Grabowski, Mrs. Gravenhorst, Mr. H a h n , Ms. Reese, Mrs. Shepherd, Mr. Wolff; no, none; absent, Dr. Bacon, Governor T h o m p s o n . ( T h e student advisory vote was: Aye, Mr. Forbes, Ms. Kelly; no, none.) Circle Court Building, Chicago

(26) On September 13, 1990, the Board of Trustees authorized the comptroller to negotiate an agreement to purchase the Circle Court Building located at 500 S. Racine Avenue, Chicago. T h e University has now reached an agreement in principle