Repository: UIHistories Project: Board of Trustees Minutes - 1990 [PAGE 46]

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34

BOARD OF TRUSTEES

[July 12

Gravenhorst, Mr. Hahn, Ms. Reese, Mrs. Shepherd, Mr. Wolff; no, none; absent, Mr. Boyle, Governor Thompson. (The student advisory vote was: Aye, Mr. Forbes, Ms. Kelly; no, none.)

Acquisition by Condemnation, 1107 West Main Street, Urbana

(43) T h e president of the University, with the concurrence of the appropriate administrative officers, recommends adoption of the following resolution authorizing acquisition of the property at 1107 West Main Street, Urbana, through condemnation proceedings, or, alternatively, authorization for settlement of the condemnation suit if the acquisition can be completed at a price within the appraisals received by the University. T h e property is required to provide parking in the north campus area. T h e property consists of an older converted residence utilized for student rental purposes on a 8,382 square feet parcel of land. T h e University has been negotiating with the owner who has been advised that University representatives are willing to recommend the purchase of the property based on appraisals received by the University. However, this price is not acceptable to the owner. Funds are available in the restricted funds operating budget of the Division of Campus Parking.

Resolution Authorizing Condemnation of Property at 1107 West Main Street, Urbana

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-described property situated in the County of Champaign, in the State of Illinois, to-wit: Land parcel described as follows: Lot 4, except the east 2lA feet thereof, in block 49 of the Seminary Addition to Urbana, situated in Champaign County, Illinois, is needed by the University of Illinois, an educational institution established and supported by the State of Illinois for use as a part of the University of Illinois and to provide parking in the north campus of the University of Illinois and for other educational purposes conducted and to be conducted by said University of Illinois and for the further expansion of the educational facilities of said University of Illinois and to enable said University of Illinois to discharge its duty to keep 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 has 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 have refused to sell and convey said land, or any portion thereof, to said Board of Trustees of the University of Illinois for such price and continue to refuse to sell and convey the same to it except for a consideration and price which this Board of Trustees deems unreasonable and excessive and is, therefore, unwilling and has refused to pay; 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 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