Repository: UIHistories Project: Board of Trustees Minutes - 1988 [PAGE 59]

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1986]

UNIVERSITY OF ILLINOIS

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at Urbana. The authorization granted authority to settle within appraisals received by the University or at the amount determined in condemnation proceedings. Owners of six of the properties have agreed to settle the condemnation suits. It is the belief of the university counsel and the Office for Capital Programs that some of the six remaining suits can be settled if authority is received to exceed the high University appraisal by up to ten percent. It is believed that settlement within this range will reduce the ultimate costs of acquisition associated with eminent domain. The university counsel has advised that exceeding the highest appraised value by not more than ten percent is consistent with the law. The chairwoman of the Executive Committee has found it necessary to transact this business before the next regular meeting of the board. Therefore, the president of the University, with the concurrence of the appropriate administrative officers, recommends that authorization be granted to acquire each of the remaining properties which are identified in Exhibit A attached hereto at a price not to exceed ten percent of the high appraisal received by the University. Funds for the acquisition of the properties are being provided by private gift funds through the University of Illinois Foundation and from funds appropriated by the State of Illinois. On motion of Miss Smith, this recommendation was approved by the following vote: Aye, Mrs. Shepherd, Miss Smith; no, none; absent, Mrs. Day.

Exhibif A

Common Street Address 1305 West Clark Street, Urbana, Illinois 308 North Romine Street, Urbana, Illinois Legal Description Lot 3 in Block 42 of the Seminary Addition to Urbana, Illinois, situated in Champaign County, Illinois. The North Half of Lot 5 in Block 42 of Seminary Addition to Urbana, situated in the City of Urbana, in Champaign County, Illinois. Lot 10 in Block 41 of the Seminary Addition to Urbana, situated in Champaign County, Illinois. Tract I: All of Lot 1 except the North 82 feet in Block 42 of the Seminary Addition to Urbana, situated in the City of Urbana, in Champaign County, Illinois. Tract II: The North 82 feet of Lot 1 in Block 42 of the Seminary Addition to Urbana, situated in the City of Urbana, in Champaign County, Illi-

403 North Mathews and 1302 West Clark, Urbana, Illinois 305 North Mathews Avenue and 1301 West Clark Street, Urbana, Illinois

Lot 7 and the West 2 feet of Lot 8 in Block 42 in Seminary Addition to Urbana, situated in Champaign County, Illinois. 1303-1309 West University Avenue, Lots 2 and 3 and the East 55 feet of Lot 4 all in Block 41, of Seminary Urbana, Illinois Addition to Urbana, situated in the City of Urbana, in Champaign County, Illinois. 1308-1310 West Main Street, Urbana, Illinois