Repository: UIHistories Project: Board of Trustees Minutes - 1988 [PAGE 13]

EXTRACTED TEXT FROM PAGE:

1986]

UNIVERSITY OF ILLINOIS

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On motion of Mr. Logan, this recommendation was approved by the following vote: Aye, Mrs. Day, Mr. Forsyth, Mrs. Gravenhorst, Mr. Hahn, Mr. Howard, Mr. Logan, Mr. Madden, Mrs. Shepherd, Miss Smith; no, none; absent, Governor Thompson. (The student advisory vote was: Aye, Mr. Filip; no, none; absent, Mr. Starkeson.)

Acquisition of Cregier School Property, Chicago

(2) T h e Cregier School building and land (1.81 acres), located at 1820 West Grenshaw Street, Chicago, are owned by the Chicago Board of Education. The property is within the Medical Center District, and the purchase of such property is a responsibility usually assigned to the Medical Center Commission. The school is now closed, and the University has requested the Medical Center Commission to acquire the property on its behalf. It is located within a block of the University Hospital and the Eye and Ear Infirmary, and would be used for campus parking. T h e Board of Education and Chicago City Council have approved the sale of the property to the Medical Center Commission at a price of $140,000 in order for the property to be transferred to the University. The Medical Center Commission will acquire the property, arrange for demolition of the school, request the vacation of the north-south alley to the west of Cregier School and the remainder of Fillmore Street north of the school which has not been vacated, and then transfer the property to the University. Accordingly, the president of the University, with the concurrence of the appropriate administrative officers, recommends that the board authorize the acquisition of the property for $140,000; and reimbursement of the Medical Center Commission for its costs of acquisition and demolition; and vacation of streets and alleys as described, all estimated to cost an additional $210,000. T h e transfer of funds is subject to execution of the appropriate agreements. Funds for the acquisition and demolition of the school are available from the proceeds of the Series 1985 Auxiliary Facilities Revenue Bond issue.

On motion of Mr. Logan, this recommendation was approved by the following vote: Aye, Mrs. Day, Mr. Forsyth, Mrs. Gravenhorst, Mr. Hahn, Mr. Howard, Mr. Logan, Mr. Madden, Mrs. Shepherd, Miss Smith; no, none; absent, Governor Thompson. (The student advisory vote was: Aye, Mr. Filip; no, none; absent, Mr. Starkeson.)

Delegation of Authority to Acquire Real Estate, Willard Airport I

(3) On April 10, 1986, the Board of Trustees approved an Initial Agency and Participation Agreement and the submission of an application for Federal support of a new airline passenger terminal complex at Willard Airport. T h e financial support for this project now appears assured. In order to obtain the land needed (approximately 84 acres under the April 10, 1986, authorization and 30.21 acres under a previous airport project) 1 within the time schedule, it is necessary to begin negotiations as soon as appraisals are received. Accordingly, the president of the University, with the concurrence of the appropriate administrative officers, recommends that the president or his designee

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Board of Trustees' action. May 16, 1973.