Repository: UIHistories Project: Board of Trustees Minutes - 1988 [PAGE 470]

EXTRACTED TEXT FROM PAGE:

460

BOARD OF TRUSTEES

[February 4

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 made by Mr. Wolff and approved unanimously. Report, Acquisition of Property South of Roosevelt Road, Chicago M r . J. Frederick Green, associate vice chancellor for capital programs, and Dr. William G. Mays, executive associate vice chancellor for administration at the Chicago campus, reported on the need for prompt action to pursue the University's interest in property in a number of areas near the Chicago campus, specifically in the area south of Roosevelt Road to 14th Street between Halsted and Morgan. There is a general and growing interest in the property among developers and a need for the University to coordinate its efforts with die City of Chicago and with the master planning currently underway at the campus. A professional analysis of individual parcels will be undertaken (some 225 parcels may be involved) to make informal appraisals. T h e cost can be met with funds available from the Rust Estate. However, the value of the properties will far exceed such funds, and die University will need State support. T h e intent is to seek options extending well beyond the legislative cycle to provide sufficient time to gain support from the State. T h e immediate next step is to make presentations before die city's Commercial District Development Commission at a forthcoming meeting, February 16. Mr. Green noted that opportunities may arise quickly, and he asked for a general consensus, if specific properties are within appraisals that commitments can be made. T h e r e is n o intent to go beyond funds in hand. By consensus, the trustees agreed with the representations as presented and with the intent to proceed as indicated. Amvets Nursing Home, Chicago Mr. Green reported that the Amvets organization is interested in establishing a "teaching-nursing h o m e " in the vicinity of the campus. T h e organization has asked for help in obtaining land from die State in an area south and west of die Eye and Ear Infirmary. T h e project will relate well to professional activities at die campus, in particular in geriatrics. Ultimately, the Amvets would lease the property from die University. Land Exchange, Pomology Farm, Urbana Vice President Bazzani reported that officers of the City of U r b a n a are seeking land south and east of the city on property now occupied by the University's Pomology Farm. T h e interest is in a real estate trade rather