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Caption: Board of Trustees Minutes - 1974 Version B This is a reduced-resolution page image for fast online browsing.
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EXTRACTED TEXT FROM PAGE:
1972] UNIVERSITY OF I L L I N O I S 49 REQUEST FROM ILLINOIS BUILDING AUTHORITY TO TRANSFER J U R I S D I C T I O N OF L A N D FOR THE LIBRARY OF T H E HEALTH SCIENCES BUILDING, MEDICAL CENTER (18) The President of the University, with the concurrence of appropriate administrative officers, requests adoption of the following Resolution authorizing the transfer of jurisdiction of land for construction of the Library of the Health Sciences Building (also known as the Library of the Medical Sciences Building) at the Medical Center campus. This project is part of the University's FY 1972 capital program which the Seventy-seventh General Assembly has declared to be in the public interest and which the Board of Trustees at its meeting on December 17, 1971, requested the Illinois Building Authority to provide. Resolution WHEREAS, the Seventy-seventh General Assembly of the State of Illinois has declared it to be in the public interest that the Illinois Building Authority construct, on behalf of The Board of Trustees of the University of Illinois, the Library of the Health Sciences Building at the Medical Center campus of the University of Illinois; and WHEREAS for that purpose it will be necessary for the Illinois Building Authority to acquire jurisdiction of the real estate upon which said improvements will be located; and WHEREAS The Board of Trustees of the University of Illinois, a public corporation of the State of Illinois with its principal office in Urbana, Illinois, has been requested by the Illinois Building Authority to transfer jurisdiction of said real estate for the construction of said building. Now, Therefore, Be It and It Is Hereby Resolved by The Board of Trustees of the University of Illinois at its August 10, 1972, meeting as follows: That the Comptroller and the Secretary of The Board of Trustees of the University of Illinois be and they are hereby authorized to execute, acknowledge and deliver, in the name and on behalf of this corporation, an instrument of transfer of jurisdiction to the 1 property described in the attached document entitled "Instrument of Transfer" which said form of Instrument of Transfer is, by this reference, incorporated in and made a part of this Resolution. On motion of Mr. Pogue, the foregoing resolution was adopted by the following vote: Aye, Mr. Hughes, Mr. Pogue, Mr. Swain; no, none; absent, none. A D D I T I O N TO PHASE I OF CONSTRUCTION E N G I N E E R I N G RESEARCH LABORATORY FOR U.S. CORPS OF ENGINEERS, CHAMPAIGN (19) On January 17, 1968, the Board of Trustees requested the University of Illinois Foundation to provide facilities for the first phase of the Construction Engineering Research Laboratory for the U.S. Corps of Engineers at Interstate Research Park, Champaign. Phase I is now occupied and leased to the Corps of Engineers for the period of the Foundation financing obligation (thirty years), subject to a ninety day termination right in the Corps. The original cost of Phase I, as incorporated in the lease, is $3,500,000. Title to Phase I is with the University of Illinois subject to the lien of the mortgage and the rights of the Corps under the lease. On February 16, 1972, and July 19, 1972, the Board of Trustees recommended that the University of Illinois Foundation be requested to construct an addition to the Laboratory, a free-standing building to house a shock-testing machine, at a cost of approximately $425,000, on 1.915 acres of land which the Trustees would convey to the Foundation; and to acquire title to the north 15.175 acres contiguous to the present site of the Laboratory in anticipation of planned expansion of the Laboratory project, at a cost of approximately $105,000. Arrangements have been made by the Foundation to issue general obligation bonds in an amount up to $550,000 for the above purposes. The present lease with 1 A copy of the "Instrument of Transfer" has been filed with the Secretary of the Board for record.
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