Repository: UIHistories Project: Board of Trustees Minutes - 1982 [PAGE 37]

EXTRACTED TEXT FROM PAGE:

26

BOARD OF TRUSTEES

[July 17

Funds are available from the proceeds of the sale of University of Illinois Auxiliary Facilities System Revenue Bonds, Series N. Lease of Space, School of Clinical Medicine, U r b a n a (28) The president of the University, with the concurrence of the appropriate administrative officers, recommends entering into an agreement to lease 2,344 net assignable square feet at 1400 West Park, Urbana (Mercy Hospital, lessor) for the School of Clinical Medicine, Urbana, for the period July 1, 1980 — June 30, 1981, at an annual rental of $17,500. The rental includes the cost of complete operation and maintenance of the facilities. Funds are available in the Federal Health Professions Capitation Grant to the College of Medicine. (The total annual cost of this space at the recommended rate is $7.47/NASF. The University would have the option to extend the lease on a month-to-month basis for six additional months on the same terms and conditions. The lessor is presently constructing a new facility and has reserved certain areas in that building for public and educational use. The facility is scheduled for completion in the summer of 1981, and it is anticipated the school's program in the building at 1400 West Park may be relocated in the new facility.) Sale of Land to the City of U r b a n a to Accomplish R i g h t - o f - W a y Improvements (29) As part of a national, state, and locally funded project, the city of Urbana has been planning certain right-of-way improvements to South Race Street from Florida Avenue to Windsor Road which will include the intersection at Windsor Road and South Race Street. The design will result in widening and paving the existing streets with concrete surfaces, curbs and gutters, and installing storm sewers, street lighting, sidewalks, and bikeways. In order to accomplish the work, the city must acquire certain adjacent land and easements owned by the University along the right-of-way, namely: the conveyance of 2.934 acres; a permanent right-of-way easement over 0.305 acre; and a temporary construction easement over 0.378 acre. The average appraisal for the property and easements is $48,420. The city's administrative officers and the Administrative Committee of the Urbana City Council are prepared to recommend to the council that it acquire this land and easements at that price. The president of the University, with the concurrence of appropriate administrative officers, recommends that an agreement be executed with the City of Urbana, providing for the conveyance of the right-of-way and easements to the city as outlined above, so long as they shall be used for street purposes; and the adoption of the following resolution. The proceeds of the sale will be deposited in the University Income Fund. (The city anticipates that the grant funds for the construction phase of the project may be available in the fall of 1980.) Resolution Authorizing Granting of Right of W a y and Easements for South Race Street Improvements 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, hereinafter referred to as "UNIVERSITY," that the Comptroller and Secretary of this UNIVERSITY be, and they hereby are, authorized for, and in the name of, and on behalf of, this UNIVERSITY to enter into an agreement with the CITY OF URBANA, a municipal corporation of the State of Illinois, in the County of Champaign and State of Illinois, hereinafter referred to as "CITY," providing