Repository: UIHistories Project: Board of Trustees Minutes - 1980 [PAGE 237]

EXTRACTED TEXT FROM PAGE:

1979]

UNIVERSITY OF ILLINOIS

227

The lease is for the property at 401 North Broadway, Urbana, for the period April 1, 1979, through June 30, 1979, at a monthly rental of $1,625. The University would have the option to extend the lease for five additional one-year periods beginning July 1, 1979, upon the same terms and conditions. The unit rate of $1.58 per square foot is considered reasonable for this type of space. Funds for FY 1979 are available in the institutional funds budgeted for the Library. Funds for any single year renewal period will be in the campus operating budget authorization request for that fiscal year to be submitted to the Board of Trustees. Extension of the lease beyond June 30, 1979, or any subsequent year is subject to the availability of such funds.

The student advisory vote was: Aye, Miss Kooper, Mr. Sobotka, Mr. Watson; no, none. On motion of Mrs. Shepherd, this recommendation was approved by the following vote: Aye, Dr. Donoghue, Mr. Forsyth, Mr. Hahn, Mr. Howard, Mr. Lenz, Mr. Neal, Mrs. Shepherd, Mr. Stone, Mr. Velasquez; no, none; absent, Governor Thompson.

Easements to Employees Credit Union, Urbana (24) The University of Illinois Employees Credit Union has purchased a tract of land fronting on South First Street Road and approximately thirty-eight feet south of Gerty Drive. The Credit Union plans to begin construction of a building on this site this summer. To provide safe access to the site, the Credit Union has requested two vehicular and one pedestrian easements across the University's land to Gerty Drive, and, in return, agTees to landscape and maintain the strip of Universityowned land north of its site (38 feet by 363 feet) at its expense. The president of the University with the concurrence of appropriate administrative officers, recommends adoption of the following resolution granting to the University of Illinois Employees Credit Union permanent easements as referred to above. Resolution Authorizing a Permanent Driveway Easement and a Pedestrian W a l k w a y Easement to University of Illinois Employees Credit Union for Ingress f r o m , and Egress to, Gerty Drive, Champaign, Illinois Be It, and It Hereby Is Resolved by THE BOARD OF TRUSTEES OF THE UNIVERSITY OF ILLINOIS, a public Corporation of the State of Illinois, that the Comptroller and the Secretary of this Corporation be, and they hereby are, authorized to execute, acknowledge, and deliver in the name and on behalf of this Corporation such instruments of conveyance, contract, or other document or documents as to them may seem necessary or desirable in order to grant to UNIVERSITY OF ILLINOIS EMPLOYEES CREDIT UNION, a not-for-profit corporation of the State of Illinois, hereinafter referred to as "Grantee," its successors and assigns the right and easement to construct, reconstruct, operate, maintain, repair, alter, replace, move, and remove paved all-weather vehicular driveways and paved pedestrian walkways over, through, and across the land hereinafter described for purposes of ingress from and egress to Gerty Drive, Champaign. Illinois, as a means of access to and exit from the lands of Grantee lying immediately south of, adjacent to, and bordering the easement area hereinafter described. Grantee shall landscape and maintain the easement area not used for driveway or walkway purposes in an aesthetically pleasing and environmentally safe manner. Grantee shall agree to repair any damage caused to property of this corporation by the construction, reconstruction, operation, maintenance, renewal, or removal activities, and to indemnify the University and its representatives from liability in connection with Grantee's activities and use of the easement area. The term of said easement to