Repository: UIHistories Project: Board of Trustees Minutes - 1962 [PAGE 1442]

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1962]

UNIVERSITY OF I L L I N O I S

1439

MAY AND JUNE MEETINGS

The President of the Board called attention to the next two meetings to be held on May 24, 1962, and June 20, 1962, both at Urbana. EXECUTIVE SESSION president Clement announced that an Executive Session was requested for consideration of property acquisition and was being so ordered to be held after recess for luncheon. On motion of Mrs. Watkins, the Board recessed. When the Board reconvened in Executive Session, the same members, officers of the Board, and officers of the University as recorded at the beginning of these minutes were present. The Board took up consideration of the following items of business presented by the President of the University.

PURCHASE OF PROPERTIES AT 9 0 5 - 9 0 5 ' / ! AND 9 0 7 SOUTH FIFTH STREET. CHAMPAIGN (1) The Director of the Physical Plant and the Vice-President and Comptroller recommend purchase of the following properties at the prices indicated: 905-905V2 South Fifth Street, Champaign $31 000 This property is a lot with 61 feet frontage, a depth of 70.5 feet, with a seventeen-room, two and one-half story and basement, duplex frame residence. 907 South Fifth Street, Champaign 27 000 The property is a lot with 57 feet frontage, a depth of 140 feet, with a two-story, frame residence. Both residences are presently being used as student rooming houses. The properties are adjoining and the land is needed for the construction of a residence hall for single graduate students. The prices are within the range of appraisals and negotiations for the purchase of the properties were authorized by the Committee on Buildings and Grounds. Possession will be given the University no later than July 1, 1962, and taxes will be prorated. Funds are available in the state capital appropriations to the University for 1961-63 for land acquisitions from the Universities Building Fund and have been released. I concur.

On motion of Mr. Swain, the purchase of these properties, at the prices indicated, was authorized by the following vote: Aye, Mr. Clement, Mr. Dilliard, Mr. Harewood, Mr. Hughes, Mr. Johnston, Mr. Pogue, Mr. Swain, Mrs. Watkins, Mr. Wilkins, Mr. Williamson; no, none; absent, Mr. Kerner.

LEASE WITH LA SALLE HOTEL FOR ILLINI CENTER (2) Some remodeling is needed in the Illini Center for more efficient use of space and to provide additional office quarters. Remodeling proposed will include central airconditioning of the general public area and the new offices; present offices are airconditioned by window units. An additional office can be provided by partitioning the present conference room with access to adjacent offices for use by representatives of the University and the University of Illinois Foundation. The remodeling will also provide additional storage space in the area near the elevators. Estimated cost is approximately $14,000. The LaSalle Hotel has offered to no the work according to University requirements, but requests an increase in rent from the present $650 to $900 a month, which would be a unit rate of approximately $4.00 a square foot, a reasonable rate for this type of space in Chicago. The Vice-President and Comptroller recommends authorization of a new 'ease for the remodeled area at a monthly rental of $900, to become effective upon completion of the work. I concur.