Repository: UIHistories Project: Board of Trustees Minutes - 1988 [PAGE 509]

EXTRACTED TEXT FROM PAGE:

1988]

UNIVERSITY OF ILLINOIS

499

A property at 1004 South Fourth Street in Champaign 1 has recently become available for purchase. It consists of a three-story masonry and frame building of 24,200 gross square feet. It is located on a parcel of land 82.5 feet by 173.5 feet. T h e building is 70 years of age and has been well maintained. It is presently used as a privately owned residence hall. T h e building has a high degree of utility for conversion to classroom, office, and instructional laboratory space for the institute. Its acquisition will permit the consolidation of all academic and administrative offices and approximately one-half of classroom, academic support, and practical training activities into a single facility. Accordingly, the president of the University, with the concurrence of the appropriate academic and administrative officers, recommends purchase of the property at a price not to exceed $615,000. T h e amount is within the range of appraisals received for the property. Funds for the acquisition are available within the institutional funds budget of the Police Training Institute. O n m o t i o n of M r . Wolff, this r e c o m m e n d a t i o n w a s a p p r o v e d by t h e following v o t e : Aye, M r s . C a l d e r , M r . F o r s y t h , M r s . G r a v e n h o r s t , M r . H a h n , M r . H o w a r d , M r . L o g a n , M r s . S h e p h e r d , M i s s S m i t h , M r . Wolff; no, n o n e ; absent, Governor T h o m p s o n . ( T h e s t u d e n t a d v i s o r y v o t e w a s : Aye, M r . E v e n s o n , M r . W y l i e ; n o , none.)

Purchases

(32) The president submitted, with his concurrence, a list of purchases recommended by the directors of purchases and the vice president for business and finance. T h e purchases were presented in two categories: purchases from appropriated funds (i.e., from State appropriations to the University); and purchases from institutional funds. T h e latter term designates funds received by the University under contracts with the United States government, private corporations, and other organizations; grants from foundations, corporations, and other donors; and University revolving funds authorized by law. T h e total amounts of these purchases were: From Appropriated Recommended From Institutional Recommended Grand Total Funds $ Funds 1 281 819 12 $1 429 931 51 148 112 39

A complete list of the purchases, with supporting information (including the quotations received), was sent to each member of the board in advance of the meeting. A copy is being filed with the secretary of the board for record. O n m o t i o n of M r . Wolff, t h e p u r c h a s e s r e c o m m e n d e d w e r e a u t h o rized b y t h e f o l l o w i n g v o t e : Aye, M r s . C a l d e r , M r . F o r s y t h , M r s . G r a v e n horst, M r . H a h n , M r . H o w a r d , M r . Logan, M r s . Shepherd, Miss Smith, M r . Wolff; n o , n o n e ; a b s e n t , G o v e r n o r T h o m p s o n . ( T h e s t u d e n t a d v i s o r y v o t e w a s : Aye, M r . E v e n s o n , M r . W y l i e ; n o , none.)

1 On May 8, 1986, the board approved acquisition of property from Delta Phi Fraternity. The property located at 1008 S. Fourth Street, Champaign, was inaccurately identified as 1004 S. Fourth (Transactions of the Board of Trustees, Sixty-Third Report 1984-86, p. 554).