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Caption: Board of Trustees Minutes - 1988
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242 BOARD OF TRUSTEES [April 9 Chicago Technology Park Research Center Lease Agreement (Confirmation of Action of Executive Committee) (13) The Executive Committee of the Board of Trustees, by telephone poll, approved an agreement by which the University leased to the Chicago Technology Park (CTP) the CTP Research Center located at 2201 West Campbell Park Drive. The center will serve as an incubator facility. The Board of Trustees is requested to confirm the action of the Executive Committee taken on March 16, 1987. The lease is for a five-year period commencing March 16, 1987, at an annual lease price of $10 per year. CTP is permitted to sublease portions of the research center with the approval of the University. On motion of Mrs. Gravenhorst, the action was confirmed. Utility Easement to AT&T, Piatt County (14) American Telephone and Telegraph has requested an easement on University Allerton Farm property in Willow Branch Township, Piatt County, Illinois. The easement is for a communication cable from Champaign to Decatur. The required easement is a strip 16.5 feet wide across University land and lying between the centerline and the northerly right-of-way boundary of the Illinois Central Gulf Railroad for a distance of 12,350 feet (or 748.5 rods). Based upon the distance to be determined by a survey, AT&T will pay $12 for every rod of cable to be installed on University property. In addition, AT&T will pay for any damages resulting from their activities. The appropriate administrative officers recommend that the easement described be granted and that the Board of Trustees adopt the attached resolution. I recommend approval. Resolution 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 Secretary of this public corporation be, and they hereby are, authorized to execute, acknowledge, and deliver in the name and on behalf of this public corporation such instruments of conveyance, contract, or other document or documents as to them may seem necessary or desirable in order to grant to AT&T Communications of Illinois, Inc., hereinafter referred to as "Company," its successors, and assigns, the right and easement to construct, operate, patrol, and maintain its communication lines including the necessary underground cables, wires, conduits, splicing boxes, surface terminals, markers, and appurtenances upon, under, and across the land hereinafter specifically described, to form a part of a communication system to be owned by said Company in Piatt County, Illinois, to other lands and structures located beyond the land hereinafter described, and with the right of access to said land hereinafter described. Company shall agree to repair any damage caused to property of this public corporation by the construction, reconstruction, operation, patrolling, maintenance, renewal, or removal of said telephone communications cable, and to idemnify the University and its representatives and tenants from liability in connection with its activities; the term of said easement to be for such period as the easement may be used for the above-described purposes, but upon the discontinuation of use of or abandonment of said communications cable, said easement to thereupon cease and determine without necessity of reentry or demand; the rights and easement granted to be limited to the extent that this public corporation has the present right and capacity to grant the same. The right-of-way easement shall be over, under, through, and across the following described property:
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