Repository: UIHistories Project: Board of Trustees Minutes - 1988 [PAGE 324]

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BOARD OF TRUSTEES

[July 9

EXECUTIVE SESSION President Howard, referring to Section T w o of the Open Meetings Act, stated: "A motion is now in order to hold an executive session to consider information regarding the appointment, employment, or dismissal of employees or officers, to discuss pending, probable, or imminent litigation, the acquisition of real property, and to discuss campus security." T h e motion was m a d e by M r . Forsyth and approved unanimously. Acquisition of 1003 West Oregon Street, Urbana (1) The president of the University, with the concurrence of the appropriate administrative officers, recommends the acquisition of the property at 1003 West Oregon Street, "Urbana, at a price of $100,000. The property consists of a two-story, frame residential building on a tract of land with dimensions of 65 feet by 157 feet. It is contiguous to another Universityowned property and its proximity to the Krannert Center for the Performing Arts is important to preserve a future building site. In the near future, it will be utilized for campus parking. Funds for the acquisition are being provided by the proceeds from the issuance of the Series 1986 Auxiliary Facilities Revenue Bonds. O n motion of Mr. H a h n , this recommendation was approved by the following vote: Aye, Mrs. Calder, Mr. Forsyth, Mrs. Gravenhorst, Mr. H a h n , M r . Howard, Mr. Logan, Mrs. Shepherd, Miss Smith, M r . Wolff; no, none; absent, Governor Thompson. ( T h e student advisory vote was: Aye, Mr. Evenson, Mr. Wylie; no, none.) Reports: Land Acquisition, Airport; Acquisition, Liability Insurance Vice President Bazzani reported briefly on traverse proceedings now underway with regard to potential condemnation of land needed for the University of Illinois-Willard Airport project. It is anticipated that the trial proceedings will begin around the week of August 10. T h e staff is still reviewing the University's options with regard to the acquisition of liability insurance. Bids that have come in are, on balance, good and the board will be kept informed. T h e present coverage is in force through the end of July 1987. Following the executive session, meetings of the Committee on Buildings and Grounds, the Committee on Finance a n d Audit, and a meeting of the board as a Committee of the Whole (to receive a presentation on the operating budget request for Fiscal Year 1989) were held and the Board of Trustees reconvened in regular session at 11:00 a.m. Executive Session, July 8,1987 The trustees met on this date in a special executive session, to consider fiscal problems of the University and the implications relating to University personnel, hospital staff in particular. In attendance were Mrs. Calder, Mr. Forsyth, Mrs.