Repository: UIHistories Project: Board of Trustees Minutes - 1916 [PAGE 116]

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116

UNIVERSITY OF ILLINOIS.

[Sept. 1 1 ,

vote was as follows: Ayes, Mr. Abbott, Mr. Blair, Mrs. Evans, Mrs. Henrotin, Mr. Hoit, Mr. Meeker, Mr. Moore; noes, none; absent, Mrs. Busey, Mr. Dunne, Mr. Montgomery, Mr. Trevett, Miss Watson.

SALE OF A C R E P R O P E R T Y I N CHICAGO. (2) A r e p o r t r e c o m m e n d i n g t h e s a l e of t h e a c r e p r o p e r t y belonging- t o t h e U n i v e r s i t y a n d s i t u a t e d b e t w e e n F o r t y - s e v e n t h a n d F o r t y - e i g h t h S t r e e t s in Chicago. (See p a g e 107.) To the Board of Trustees,, University of Illinois, Uroana, III. G E N T L E M E N : T h e F i n a n c e C o m m i t t e e h e l d a m e e t i n g i n t h e office of C a p t . J . R. T r e v e t t T h u r s d a y m o r n i n g , S e p t e m b e r 10, 1914. P r e s e n t : Mr. Allen F . Moore, C h a i r m a n ; Capt. J . R. T r e v e t t , M r . Otis W . Hoit, President James. T h e c o m m i t t e e took u p t h e c o n s i d e r a t i o n of t h e m a t t e r r e f e r r e d t o t h e m b y t h e Board' of T r u s t e e s r e l a t i n g t o t h e d e s i r a b i l i t y of selling t h e a c r e p r o p e r t y belonging to t h e U n i v e r s i t y of Illinois, l y i n g b e t w e e n F o r t y - s e v e n t h a n d F o r t y - e i g h t h S t r e e t s in t h e city of Chicago a n d a d j o i n i n g Fairfield A v e n u e . Mr. M a r t i n G r i g l a k , 1903 W e s t F o r t y - s e v e n t h Street, Chicago, h a s m a d e a n offer of $3,0()0 f o r t h e e n t i r e t r a c t . T h i s l a n d c a m e t o t h e U n i v e r s i t y a t t h e t i m e t h e l a t t e r t o o k over t h e Illinois College of P h a r m a c y a n d h a s b e e n h e l d since t h a t t i m e . M r . W . B . D a y , A c t u a r y of t h e School of P h a r m a c y , is of t h e opinion t h a t i t would b e d e s i r a b l e t o a c c e p t t h e offer of Mr. G r i g l a k . Mr. "W. L . A b b o t t , P r e s i d e n t of t h e board, is also of t h e opinion t h a t t h e b o a r d s h o u l d consider offering t h e l o t for sale a t a price w h i c h r e a l e s t a t e e x p e r t s w o u l d consider t o b e r e a s o n a b l e . I n h i s opinion t h e p r o p e r t y is n o t i m m e d i a t e l y desirable, a n d i t offers v e r y little p r o m i s e f o r t h e n e a r f u t u r e . I f Fairfield A v e n u e is c u t t h r o u g h , a proposition t o w h i c h t h e U n i v e r s i t y h a s given i t s consent, special a s s e s s m e n t s will p r o b a b l y b e levied in t h e n e a r f u t u r e a m o u n t i n g t o t h r e e o r four thousand dollars. A f t e r full c o n s i d e r a t i o n of t h e m a t t e r , t h e c o m m i t t e e v o t e d t o r e c o m m e n d t o t h e B o a r d of T r u s t e e s t h a t t h e l o t of l a n d o w n e d b y t h e U n i v e r s i t y of Illinois b e t w e e n F o r t y - s e v e n t h a n d F o r t y - e i g h t h S t r e e t s a n d b e t w e e n Rockwell S t r e e t a n d C a l i f o r n i a A v e n u e in t h e city of Chicago be sold a t a price n o t less t h a n $3,000.

A L L E N F . MOORE. O. W . H O I T .

On motion of Mr. Moore, the recommendation of the Finance Committee was adopted. The vote was as follows: Ayes, Mr. Abbott, Mr. Blair, Mrs. Evans, Mrs. Henrotin, Mr. Hoit, Mr. Meeker, Mr. Moore; noes, none; absent, Mrs. Busey, Mr. Dunne, Mr. Montgomery, Mr. Trevett, Miss Watson.

T R E A S U R E R ' S REPORT. ( 3 ) T h e r e p o r t of M r . M. W . B u s e y , T r e a s u r e r , f o r t h e q u a r t e r e n d i n g J u n e 30, 1914. :.:Amml T h i s report w a s received for record.

M. W . B U S E T ^ T R E A S U R E R , I N A C C O U N T W I T H T H E U N I V E R S I T Y O F I L L I N O I S . , F O R T H E Q U A R T E R E N D I N G J U N E 30, 1914.

1914 Apr. 1

Dr. B a l a n c e on h a n d — G e n e r a l fund '. College of Medicine F u n d Agricultural Experiment Station Fund School of P h a r m a c y F u n d Received from O. E . S t a p l e s , c r e d i t of g e n e r a l f u n d Plym Traveling Fellowship Received from O. E . S t a p l e s , c r e d i t of g e n e r a l fund R e c e i v e d from O. E . S t a p l e s , credit of g e n e r a l fund Bursar, Bursar, Bursar,

?

...

$289,472 37,481 2,234 18,737

69 78 55 78

$347,926 80

Apr. May June

for for for

$12,459' 94 1,000 00 13,348 27 31,472 17

which lies westof the Illinois Central right of way, the northwest quarter and south half of the northeast quarter of section thirty-one (31), township twenty-two (22) north, range eight (8),. east of the third Principal Meridian, less the Illinois Central right of way, and the east half of the southwest quarter of section fourteen (14), township nineteen (19), range eight (8), east of the Third Principal Meridian, subject to tenants' leases, situated in the county of Champaign in the State of Illinois, hereby releasing and w a i t ing all rights under and by virtue of the Homestead Exemption Laws of this State of Illinois. Dated, This 17th day of September, A. D. 1914.

THOMAS J. SMITH. [SEAL]

Attest:

L. A. BOICE STATE OF ILLINOIS \ COUNTY OF CHAMPAIGN J h b "

. I, Peter P. Schaefer, a notary public in and for said county, in the State aforesaid, Do hereby certify that Thomas J. Smith, a widower, personally known to me to be the same person whose name is subscribed to the foregoing instrument, appeared before me this day in person and acknowledged that he' signed, sealed, and delivered the said Instrument as his free and voluntary act, for the uses and purposes therein set forth, including the release and waiver of the right of homestead. Given under my hand and notarial seal, this 17th day of September, A. D. 1914.

[SEAL] PETER P . SCHAEFER, Notary Public.