Repository: UIHistories Project: Board of Trustees Minutes - 1986 [PAGE 488]

EXTRACTED TEXT FROM PAGE:

1986]

UNIVERSITY OF ILLINOIS

477

for his wife, Estelle S. Pogue, which included 240 acres of farmland in Shelby County, Illinois; and, after the death of his wife, disposition of the real estate to the University of Illinois (a 40 percent interest) and three other institutions — Harvard College, Shelby County Memorial Hospital, and St. Mary's Hospital, Decatur, Illinois. Estelle S. Pogue died in June 1985, and title to the property is now vested in the four institutions. They have agreed that the wishes of Mr. Pogue can best be carried out if the farmland is sold and the proceeds distributed to the institutions. The will directs the University to utilize the proceeds for student loans and medical research. The institutions have agreed to proceed with a public sale of the 240 acres, setting a minimum bid of $1,300 per acre. Recent sales would indicate that the Pogue farm could bring in excess of $1,400 per acre. The expenses associated with the sale will be borne by each institution in proportion to its interest in the final distribution. The vice president for business and finance has recommended the offering of the land for sale by public auction as described. I concur.

Resolution

Be It, and It Hereby Is Resolved by the Board of Trustees of the University of Illinois, a public Corporation of the State of Illinois, that the Comptroller and the Secretary of this Corporation be, and they hereby are, and on behalf of this Corporation such instruments of conveyance, contract, or other document or documents as to them may seem necessary or desirable in order to convey and quit claim all right, title, and interest in and to the real property located in Shelby County, Illinois, and described as follows: South Half of the Northwest Quarter and the Southwest Quarter of Section 29, Township 13, North, Range 4 East of the Third Principal Meridian in Shelby County, Illinois. Now, Therefore, Be It, and It Hereby Is, Resolved by the Board of Trustees of the University of Illinois, a public Corporation, be and they hereby are, authorized and directed to execute, acknowledge, and forever, in the name and in behalf of, this public Corporation, and under its corporate seal, a Quit Claim Deed and such other documents in connection herewith as said Comptroller and Secretary may deem necessary or desirable in order to convey to the purchasers title to any part of the real property, either in whole or in part, described as follows, viz.: South Half of the Northwest Quarter and the Southwest Quarter of Section 29, Township 13, North, Range 4 East of the Third Principal Meridian in Shelby County, Illinois.

On motion of Mr. Howard, the foregoing resolution was adopted 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. Becker, Mr. Lamm; no, none.)

Settlement of Litigation, Corey Jackson vs. Yagan

(3) This action involves a claim against several physicians at the University of Illinois Hospital in which it is alleged that there is a breach of the standard of care which resulted in severe and irreversible brain damage. T h e details of the case have been discussed on several occasions with the board in prior executive sessions.