Repository: UIHistories Project: Board of Trustees Minutes - 1990 [PAGE 161]

EXTRACTED TEXT FROM PAGE:

1991]

UNIVERSITY OF ILLINOIS

149

Pursuant to this authorization, a written offer was forwarded to the owner through the Superior Savings Bank of Oak Brook, the trustee. Receipt of the offer was acknowledged by the bank. At about the same time, a contractor appeared one night on the site, and under flood lights, commenced construction. This was noted by persons living in the area and the construction was stopped by the Chicago police because the contractor lacked the necessary permit to engage in night construction. A second letter was then forwarded to the owner via the trustee which reiterated the original offer and set a deadline for response of 4 p.m., Friday, November 30, 1990. In anticipation of the offer being rejected and in light of the conduct of the owner to improve the site thereby increasing the value of the land, this Committee is requested to adopt the above recommendation to prevent further costs associated with this transaction. I concur.

Resolution Authorizing Condemnation of Property at 1201 South Halsted, Chicago, Illinois

Be It, and It Is Hereby, Resolved, Found, and Declared by the Board of Trustees of the University of Illinois, a body corporate and politic of the State of Illinois that the following legally described property situated in the County of Cook, in the State of Illinois, to-wit: Lots 1 to 5 both inclusive (except the North 42 feet and except South 10 feet of said lots) in George W. Clarke's Subdivision of Lot 4 of Block 68 of Canal Trustees' New Subdivision of the Northwest lA of Section 2 1 , Township 39 North, Range 14 East of the Third Principal Meridian, in Cook County, Illinois is needed by the University of Illinois, an educational institution established and supported by the State of Illinois, for public use as part of the University of Illinois at Chicago for auxiliary facilities related to student housing and services and other related University purposes which will allow for the expansion of the University's educational and educational related facilities and enable the University of Illinois to discharge its duty to the people of the State of Illinois as required pursuant to State statute; and Be It, and It Is Hereby, Further Resolved, Found, and Declared that the Vice President for Business and Finance of the University of Illinois or his designee be and hereby is authorized to negotiate with the owners of said property through said owners duly authorized representatives for the purchase of said property at a price which this Board of Trustees considers fair and reasonable and which it finds constitutes the present market value of said property; 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 to the owners of the property cannot be agreed upon by said owners and this Board of Trustees of the University of Illinois, that 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 exercising the right of eminent domain conferred upon it by law and having 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 he 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 the determination of the compensation to be paid by the Board of Trustees of the University of Illinois therefor, and to employ such special legal counsel, appraisers, and others as he may