Repository: UIHistories Project: Board of Trustees Minutes - 1986 [PAGE 598]

EXTRACTED TEXT FROM PAGE:

1986]

UNIVERSITY OF ILLINOIS

587

T h e buyer indicates, although he paid $140,000 for the property, that he now feels it is worth $200,000 if the University wishes to purchase it. T h e University has authorized (but has yet to receive) appraisals and will seek to negotiate to acquire the property within the appraisals when received. If the owner is unwilling to sell within the appraised value, authorization is requested to acquire the property through condemnation proceedings. Accordingly, the president of the University, with the concurrence of the appropriate administrative officers, recommends adoption of the following resolution authorizing acquisition of the property at a price within the appraisals received by the University or the amount determined in eminent domain proceedings. Funds for the acquisition of 1105-1107 West Stoughton Street are being provided by private gift funds in the Office of the President. Resolution Authorizing Condemnation of Property Be It, and It Hereby Is Resolved, Found, and Declared by the Board of Trustees of the University of Illinois, a body corporate and politic and a public corporation of the State of Illinois, that the real estate described in Exhibit A,1 attached and incorporated herein by reference, is needed by the University of Illinois, a higher education institution established and supported by the State of Illinois, for an academic building and related facilities and projects on the campus for faculty, students, and staff members of the University of Illinois for the conduct of the educational functions of the University of Illinois; for the further expansion of the educational facilities of said University of Illinois for purposes incidental to and necessary for educational functions conducted by said University of Illinois; and to enable said University of Illinois to discharge its duty to the people of said State for public use, and that funds are available to the University for the purchase of said land for said educational purposes. Be It, and It Hereby Is Further Resolved, Found, and Declared that the vice president for business and finance or his designee of the University of Illinois is authorized to acquire the described real estate and continue negotiations and acquisition for and on behalf of the University of Illinois with the owner(s) of the real estate described in Exhibit A for the purchase thereof by the University. Be It, and It Hereby Is Further Resolved, Found, and Declared that in the event the vice president for business and finance or his designee is unable to agree with the owner (s) of said real estate as to the compensation to be paid therefore, then the university counsel is authorized to institute condemnation proceedings for the benefit of the University of Illinois for the acquisition of said real property for the educational and other purposes hereinabove described; the university counsel is authorized to institute said proceedings at the cost and expense of the University of Illinois; to engage special legal counsel(s) to institute condemnation proceedings in the name of the Board of Trustees of the University of Illinois for the purpose of acquiring title to and possession of said real estate in accordance with the eminent domain laws of the State of Illinois. Be It, and It Hereby Is Further Resolved, Found, and Declared that this resolution shall take effect and be in full force from and after its passage.

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

1 Lots 3 and 4 in Block 56 of the Seminary Addition to the City of Urbana, as per Plat recorded in Plat Book "Y" at Page 118, situated in Champaign County, Illinois (having a street address commonly known as 1105-1107 West Stoughton Street, Urbana, Champaign County, Illinois).