Repository: UIHistories Project: UIS History 1969-1995 (Sangamon State Univ) [PAGE 8]

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1 I l l Sr f Regents' owned Robert E. ^ J ^ V y 0 m m l l P°ssible m m m H donated money ($252,000 of the $295 »uu to. J ^ ^ ^ i t0 make the $25,000 ^ by the State Auditor General.

and Robert E. Shepherd, Jr. propertie* This W l i o f t h c funds to purchase the properties was from This additional farm income allowed ihc Foundation I but was not enough to amortize the l g university financial record, criticized l h c

The university planned to extend the perimeter road to the west in connection with the anticipated completion of the Public Affairs Center. The land upon which this roadway extension was to be located was the Lubin Tract. The university again requested funds in FY77 in the amount of $92,500 for the purchase of approximately 37 acres of the 200 acre Lubin parcel. This request was approved by the BOR, BHE, and by the legislature but was subsequently deferred along with several other capital projects by executive veto. These funds were again requested in FY78 and finally appropriated and released. With the purchase of this 37 acres and the farm income from the land (including the "resulting trust" - Shepherd land), the foundation was just barely able to meet the interest on the debt for the Lubin Tract. In FY81 the university again requested funds to complete the campus land purchase The sum of $287,500 was appropriated and the university and Foundation agreed to eliminate the rcsultinc trust 9 B I ° ]hel l S E i the Foundation under the ownershipP ofZ BoanUf W Regents. This final step in the purchase of the campus oroDerrv & U i ;„ ,u„ „ ,, „ . tide to 665.46 acres and the Sangamon State U n w K T T • * ° f R c S C n , S OWTOn S Shively Tract). I S Found «'on owning title to 80 acres (StoutThe SSU campus property, including the Foundation n u m A H °f Springfield. The initial B ^ ^ ^ B D | has all been ann

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