Repository: UIHistories Project: Board of Trustees Minutes - 1986 [PAGE 267]

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256

BOARD OF TRUSTEES

[May 16

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. Forsyth and approved unanimously. President Ikenberry and the officers of the board met with the trustees in executive session for discussion of the following matter: Vice President Bazzani reported on recent discussions with the Board of Directors of the University of Illinois Foundation concerning the apartment made available to the president of the University in Chicago. (A small apartment condominium, located at 400 East Randolph, was purchased by the Foundation in 1976 to provide an overnight accommodation for the president and spouse when on official business in Chicago.) 1 The apartment is now several years old, not in prime condition, and too small for the entertainment of even a limited number of guests for casual social occasions. It was proposed in the discussions with the Foundation Board that a somewhat larger apartment with a second bedroom and more generous living area be provided to permit limited entertaining. The costs of the present facility are approximately $10,000 a year. A new and somewhat larger property would cost an additional $10,000 to $15,000 per year. The current property would be sold (as it can be, and at a considerable profit) and a larger one acquired. By consensus, the trustees agreed that the proposal is a good one and should be pursued as indicated. At this point, the other general officers were invited to join the executive session for consideration of the following item:

Real Estate Exchange Program, Urbana

(1) Pursuant to the action of the Board of Trustees on April 18, 1985, the transactions entered into to date for the exchange of real estate are being reported. These transactions will result in the exchange of the following described thirty-four University-owned parcels and two parcels to be acquired from the University of Illinois Foundation for the privately owned real estate identified herein: 204 205 208 209 211 305 308 401 402 405 407 408 Champaign Addresses West Hessel 409 West Hessel West Hessel 308 West Avondale West Hessel 315 West Avondale West Hessel 608 West Church West Hessel 305 North Prospect West Hessel 1207 West Springfield West Hessel 1215 West Healey West Hessel 307 East Daniel Street West Hessel 1112 South Second* West Hessel 1113 South Arbor1 West Hessel 1112 South Arbor1 West Hessel Urbana Addresses 302 West Vermont 206 West Vermont 201 W. Pennsylvania 1704 South Race 407 West Washington 803 South Walnut 706 South Anderson 811 South Webber 805 South Lynn 507 South Johnson 903 West Nevada

1 See Executive Senioo. Board of Tnvteei Minute), June 16, 1976. * Land only — south of and adjacent to property addrea.