Repository: UIHistories Project: Board of Trustees Minutes - 1984 [PAGE 540]

EXTRACTED TEXT FROM PAGE:

1984]

UNIVERSITY OF ILLINOIS

531

the vice president for business and finance has recommended that the University disclaim its interest in the Jane C. Nahm trust, provided that the income beneficiary, E. Loneta Graves, also disclaims her interest therein. I concur.

On motion of Mr. Howard, this recommendation was approved.

Agreement with West Central Illinois Agriculture Research Demonstration Center, Inc.

(2) In 1979, the Board of Trustees established the Orr Agricultural Research and Demonstration Center near Perry, Illinois, in Pike County, with the purchase of 257 acres of land to provide a field laboratory for crops research on soil types typical of that area. T h e major impetus for the establishment of the center came from the West Central Illinois Agriculture Research Center, Inc. (an Illinois not-for-profit corporation) which, through the assistance of farmers and agricultural industry representatives from the area, provided one-fourth of the initial cost of the land and construction costs. The development of effective, profitable, soil-conserving farming systems continues as the primary objective of the Orr Center. The hilly terrain of the region dictates that certain crops must be grown that can only be utilized by grazing animals. It is important that additional land be acquired so that an animal research unit can be established. T h e West Central Center has obtained an option from the Orr family to purchase, at a cost of $250,000, an additional 191 acres near the present facility. Payments totaling $25,000 have been made by the West Central Center, Inc. The dean of the College of Agriculture and the director of the Agriculture Experiment Station have recommended, and the chancellor at the UrbanaChampaign campus concurs, that the comptroller and the secretary be authorized to enter into an agreement with West Central Illinois Agriculture Research Demonstration Center, Inc., whereby the University would pay the center $10,000 to apply as a payment on the option for the additional 191 acres described. In turn, the West Central Center will agree to use its best effort to raise sufficient funds to fulfill the terms of the option and purchase of the land, at which time the land would be conveyed to the Board of Trustees for use by the Orr Center. Funds for the University payment are available in the Fiscal Year 1984 restricted-funds budget of the College of Agriculture at the Urbana-Champaign campus. I concur.

On motion of Mr. Stone, this recommendation was approved by the following vote: Aye, Mrs. Day, Dr. Donoghue, Mr. Forsyth, Mr. Hahn, Mr. Howard, Mr. Logan, Mr. Madden, Mrs. Shepherd, Mr. Stone; no, none; absent, Governor Thompson. (The student advisory vote was: Aye, Mr. Milkint; no, none; absent, Mr. Bolen.) Mr. Bolen joined the meeting at this time.

Estate of Francoise A. Addington

The university counsel, Mr. Costello, reported that Mr. Pat L. Hagan, a beneficiary of the estate, recently filed a disclaimer by which a portion of the estate would be relieved of certain estate taxes and ultimately would accrue to the University of Illinois. Shortly thereafter, Mr. Hagan died. Hence, the additional funds will in fact come to the University in due course.