Repository: UIHistories Project: Board of Trustees Minutes - 1988 [PAGE 197]

EXTRACTED TEXT FROM PAGE:

1987]

UNIVERSrrY OF ILLINOIS

187

parcel of land being a part of the Southwest Quarter of Section Twelve (12), Township Eighteen North (T18N), Range Eight East (R8E) of the Third Principal Meridian, in Champaign County, Illinois, described as follows: From the Southwest corner of said Section 12 measure Easterly on the existing centerline of FAS Route 531 for 174.29 feet; thence deflect 83°48' to the left Northerly for 30.18 feet to a point on the existing Northerly ROW line of FAS Route 531 and the place of beginning; from the place of beginning continue the last described course for 249.92 feet; thence deflect 9°55'34" to the right Northeasterly for 203.04 feet; thence deflect 170°04 , 26* to the right Southerly on the existing Westerly ROW line of SBI Route 25 for 402.22 feet; thence Southwesterly on said Westerly ROW line being a curve to the right tangent to the last described course and having a radius of 50 feet for 63.31 feet to the place of beginning, said tract containing a gross area of 13.71 acres, more or less, excluding said exception and a net area of 11.42 acres, more or less, a radius of fifty feet or 63.31 feet to the place of beginning, said tract containing a gross area of 13.71 acres, more or less, excluding said exception and a net area of 11.42 acres, more or less, is needed by the University of Illinois, an educational institution established and supported by the State of Illinois for use as a part of the University of IllinoisWillard Airport and as a clear zone approach area for the University of IHinoisWillard Airport and for other educational purposes conducted and to be conducted by said University of Illinois and for the further expansion of the educational facilities of said University of Illinois and to enable said University of Illinois to discharge its duty to the people of said State and for public use; that funds are available to the University for the purchase of said land for said educational purposes; that this Board of Trustees has negotiated with the owners of said land through their duly authorized representatives for the purchase of said land at a price which this Board of Trustees considers fair and reasonable and which it finds constitutes the present market value of said land, but that said owners have refused to sell and convey said land, or any portion thereof, to said the Board of Trustees of the University of Illinois, for such price and continue to refuse to sell and convey the same to it except for a consideration and price which this Board of Trustees deems unreasonable and excessive and is, therefore, unwilling and has refused to pay; and Be It, and It Is Hereby Further Resolved, Found, and Declared that the vice president for business and finance or his designee of the University of Illinois be and hereby is authorized to continue negotiations for the acquisition for and on behalf of the University of Illinois with the owner(s) of the real estate described above and for the purchase thereof by the University; and Be It, and It Is Hereby Further Resolved, Found, and Declared by the Board of Trustees of the University of Illinois that if the compensation to be paid by it for said land cannot be agreed upon between this Board of Trustees and the owners of said property and they and it are unable to agree upon the purchase price to be paid to said property owners for the sale and conveyance of said land by said owners thereof to said the Board of Trustees of the University of Illinois; that Therefore, Be It, and It Is Hereby Further Resolved, Found, and Declared by the Board of Trustees of the University of Illinois that because of said need of the University of Illinois for said land for the purposes hereinabove set forth and because the compensation to be paid to the owners thereof for such land cannot be agreed upon between them and this Board of Trustees, it is necessary for the Board of Trustees of the University of Illinois to take said land and acquire title thereto through the exercise by it of the right of eminent domain conferred upon it by law and to have the compensation to be paid by it to the owners thereof and any and all other persons who may have any right, title, or