Repository: UIHistories Project: Board of Trustees Minutes - 1986 [PAGE 235]

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224

BOARD OF TRUSTEES

[April 18

EXECUTIVE SESSION

President Shepherd, referring to Section Two 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, and to discuss pending, probable, or imminent litigation against or on behalf of the University and to discuss the acquisition of real property." The motion was made by Mr. Madden and approved unanimously.

Real Estate Exchange Program, Urbana

(1) The University owns thirty parcels of real estate in Urbana and Champaign, acquired thirty to forty years ago.1 The properties have been used to provide temporary housing for faculty and staff of the University. However, the demand for such use has declined in recent years; and it has been difficult to provide proper maintenance from the revenues derived from rent. The parcels are primarily residential in character. In addition, there are four fractional lots, not contiguous to University land, and another lot with a substantial easement to an adjoining privately owned property. These five parcels are of marginal value to the University and are not included in its long-range plans for land use. The University has been exploring methods for exchanging all of these properties for other, more useful properties as permitted by State law. Two months ago, the University announced a program to exchange the parcels for selected parcels which are critical to the future growth and development of the University. As a result, a number of proposals have been received; and there have been discussions with interested property owners concerning exchanges. The details of these proposals are extremely complex and intricate. The intent is to receive property of interest to the University which is roughly equivalent in value to that of the property the University is attempting to exchange. Authorization now is sought from the Board of Trustees to permit the appropriate officers to exchange all or any of the thirty-five1 parcels for property of interest to the University of approximately the equivalent appraised value. The results of these transactions, when completed, will be reported to the board for confirmation and approval. The vice president for business and finance, after consultation with the university counsel, has recommended that the authorization described be granted. I concur.

On motion of Mr. Logan, this recommendation was approved by the following vote: Aye, Mrs. Day, Mr. Forsyth, Mrs. Gravenhorst, Mr. Hahn, Mr. Howard, Mr. Logan, Mr. Madden, Mrs. Shepherd, Miss Smith; no, none; absent, Governor Thompson. (The student advisory vote was: Aye, Mr. Lamm, Mr. Pittman; no, none.)

Braun vs. University (Division of Services for Crippled Children) (Report for Information)

(2) The litigation noted above alleges that the University has not complied with State law in procedures affecting the Division of Services for Crippled Children. University officers and legal counsel have determined that the DSCC should

1 Two University * Two University

additional of Illinois additional of Illinois

parcels under review as .part c-f the exchange program are owned by the Foundation. Their disposition is subject to Foundation Board approval. parcels under review as part of the exchange program are owned by the Foundation. Their disposition is subject to Foundation Board approval.