|
| |
Caption: Board of Trustees Minutes - 1962 This is a reduced-resolution page image for fast online browsing.
EXTRACTED TEXT FROM PAGE:
1366 BOARD OF TRUSTEES [February 21 The property consists of a lot 90 feet by 267 feet, with a three-story and basement frame house, formerly a fraternity house and subsequently converted into an apartment house with eight apartments. There is also a garage on the premises. Appraisals range from $66,380 to $75,000. The Director of the Physical Plant and the Vice-President and Comptroller recommend the purchase of this property at a price of $68,000 and have made the owner a tentative offer to buy subject to approval of the Board of Trustees. They further recommend that if the University's offer is not accepted by March 2, 1962, the Board authorize the institution of condemnation proceedings for the acquisition of the property. On motion of Mr. Pogue, the purchase of this property, at the price recommended, was authorized by the following vote: Aye, Mr. Clement, Mr. Dilliard, Mr. Harewood, Hr. Hughes, Mr. Johnston, Mr. Pogue, Mr. Swain, Mrs. Watkins, Mr. Williamson; no, none; absent, Mr. Kerner, Mr. Wilkins. Resolution Be It, and It Is Hereby Resolved, Found, and Declared by this Board of Trustees of The Board of Trustees of the University of Illinois, a body corporate and politic and a public corporation of the State of Illinois, that the followingdescribed real estate situated in the County of Champaign, in the State of Illinois, to-wit: The West Half ( W 1/2) of the West Three-fifths ( W 3/5) of Lot Two (2) in Block Three (3) in Burpee, Curtiss and Somers' Addition of Out Lots to the City of Urbana, except the West Five (5) feet thereof and except the South One Hundred Ninety-nine and Sixty-four Hundredths (199.64) feet thereof, situated in the City of Urbana, County of Champaign, and State of Illinois: is needed by the University of Illinois, an educational institution established and supported by the State of Illinois, for a site for residence halls buildings for single undergraduate students and for related 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 the people of said State and for public use; that funds have been appropriated by the General Assembly of the State of Illinois for the purchase of said land for said educational purposes; that this Board of Trustees has negotiated with the owner of said land through her 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 owner has refused to sell and convey said land, or any portion thereof, to said The Board of Trustees of the University of Illinois for such price and continues 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 by this Board of Trustees of The Board of Trustees of the University of Illinois that the compensation to be paid by it for said land cannot be agreed upon between this Board of Trustees and the owner of said property and she and it are unable to agree upon the purchase price to be paid to said owner for the sale and conveyance of said land by said owner thereof to said The Board of Trustees of the University of Illinois; and Therefore, Be It, and It Is Hereby Further Resolved, Found, and Declared by this Board of Trustees of 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 owner thereof for such land cannot be agreed upon between her and this Board of Trustees, 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 owner thereof and any and all other persons who may have any
| |