Repository: UIHistories Project: Board of Trustees Minutes - 1992 [PAGE 298]

EXTRACTED TEXT FROM PAGE:

286

B O A R D OF T R U S T E E S

[June 11

(The student advisory vote was: Aye, none; no, none; absent, Mr. Begovich, Mr. Lawless.) Purchases

(39) The president submitted, with his concurrence, a list of purchases recommended by the directors of purchases and the vice president for business and finance; also purchases authorized by the president. The purchases were presented in two categories: purchases from appropriated funds (i.e., from State appropriations to the University); and purchases from institutional funds. The latter term designates funds received by the University under contracts with the United States government, private corporations, and other organizations; grants from foundations, corporations, and other donors; and University revolving funds authorized by law. The total amounts of these purchases were: From Appropriated Funds Recommended From Institutional Funds Authorized Recommended Grand Total $ 88 865 13 896 191 13 985 056 $14 428 929 A complete list of the purchases, with supporting information (including the quotations received), was sent to each member of the board in advance of the meeting. A copy is being filed with the secretary of the board for record. $ 443 873

On motion of Dr. Gindorf, the purchases authorized by the president were confirmed, and the purchases recommended were authorized by the following vote: Aye, Mr. Boyle, Mrs. Calder, Dr. Gindorf, Mr. Grabowski, Mrs. Gravenhorst, Mr. Lamont, Ms. Lopez, Ms. Reese; no, none; absent, Dr. Bacon, Governor Edgar. (The student advisory vote was: Aye, none; no, none; absent, Mr. Begovich, Mr. Lawless.) Acquisition of Land for Robert Allerton Park and Conference Center

(40) Last fall, the trustee of the Art Institute of Chicago approached the University concerning its desire to sell approximately 9.7 acres of improved land known as Allerton, Piatt South #1. The land is located on the northwest corner of the intersection of the county (Monticello) road and the main entrance road to Robert Allerton Park and Conference Center. The director of the Park and Conference Center desires to acquire the property to provide an education and research center adjacent to the National Natural Landmark section of the park's woodland, to adapt one or more of the buildings as an interpretive center, and to improve park security. The main buildings located on the property are a 3,000 sq. ft. brick house, which will provide a future residence for park staff, and a large barn. Ownership will provide an opportunity to preserve an important component of the architectural history of the Allerton Estate and preclude incompatible development at the main entrance. The trustee has agreed to sell the property to the University at a price of $180,000. This is a price supported by University appraisal. Accordingly, the president of the University, with the concurrence of the