Repository: UIHistories Project: Board of Trustees Minutes - 1982 [PAGE 347]

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336

BOARD OF TRUSTEES

[July 16

On motion of Mr. Forsyth, this recommendation was approved by the following vote: Aye Mrs. Day, Dr. Donoghue, Mr. Forsyth, Mr. Howard, Mr. Madden, Mrs. Shepherd, Mr. Stone; no, none; absent, Mr. Neal, Governor Thompson. (Mr. Hahn asked to be recorded as not voting.) (The student advisory vote was: Aye, Mr. Bandala, Mr. Bettenhausen, Mr. Persons; no, none.)

Renewal of Lease, Cooperative Extension Service

(•31) The president of the University, with the concurrence of the appropriate administrative officers, recommends that the comptroller and the secretary be authorized to execute the following lease, subject to the availability of funds, for the period July 1, 1981, through June 30, 1982, at the following location within the state to provide space for Cooperative Extension activities. The terms of the proposed lease are as follows: „ . > n r r Present Proposed Lessor/Location/ Annual Payment Annual Payment Area Leased Cost/Sq. Ft./Year1 Cost/Sq. Ft./Year* Jersey County Extension Education $16,200 $22,000 Building Association, Jersey 8.39/sq. ft. 6.55/sq. ft. County, 3,360 sq. ft. (1930 sq.ft.) Funds have been included in the appropriation bill of the General Assembly to meet the ordinary and contingent expenses of the University for FY 1982 and will be included in the County Extension Trust fund operating budget authorization request for FY 1982 to be submitted to the Board of Trustees. Execution of these lease agreements is subject to the availability of these funds.

On motion of Mr. Forsyth, this recommendation was approved, and authority was given as recommended, by the following vote: Aye, Mrs. Day, Dr. Donoghue, Mr. Forsyth, Mr. Hahn, Mr. Howard, Mr. Madden, Mrs. Shepherd, Mr. Stone; no, none; absent, Mr. Neal, Governor Thompson. (The student advisory vote was: Aye, Mr. Bandala, Mr. Bettenhausen. Mr. Persons; no, none.)

Exchange of Property with the Chicago Transit Authority

(32) On June 16, 1976, the Board of Trustees authorized the exchange of certain parcels of land in the Medical Center District between the Chicago Transit Authority (CTA) and the University of Illinois. T h e parcels are located in the block bounded by West Polk Street, South Paulina Street, West Taylor Street, and vacated South Hermitage Avenue. The University required certain parcels owned by the CTA for the site of the new University Hospital, and the CTA required University property in the north end of the block for the site of a new transit station. As reported in June 1976, the exchange left unresolved other property title questions between the University and the CTA in that block. T h e CTA now has requested revision of the transaction to accommodate a larger transit station, viz: an additional 1,709 square feet in fee, air rights, and easements. In exchange, the C T A is willing to convey to the University additional parcels of land, totaling 893 square feet, it owns or controls. The conveyance of

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