Repository: UIHistories Project: Board of Trustees Minutes - 1982 [PAGE 489]

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478

BOARD OF TRUSTEES

[February 18

Mr. Howard, Mr. Madden, Mr. Neal, Mr. Stone; no, none; absent, Mrs. Shepherd, Governor Thompson.

( T h e s t u d e n t a d v i s o r y v o t e w a s : Aye, M r . B a n d a l a , M r . B e t t e n h a u s e n , M r . Persons; no, none.) Sale of Property Acquired by W i l l of David Avery Hills (19) On January 14, 1982, the Board of Trustees authorized the sale of a house at 817 East Morningside Drive, Atlanta, Georgia, for a sum not less than the amount of the low appraisal after deducting a customary real estate commission and other closing costs. Title to this property was obtained by the University in December 1981 under the will of the late David Avery Hills. An acceptable cash offer in the amount of $60,000 now has been received. Accordingly, the president of the University, with the concurrence of the appropriate administrative officers, recommends adoption of the following resolution to formalize the transaction. (A schedule of the appraisals received has been filed with the secretary.) Resolution Authorizing Conveyance of Property Acquired from David Avery Hills and Located at 817 Morningside Drive, Atlanta, Georgia to Jason White BE IT, AND IT IS HEREBY, RESOLVED by the Board of Trustees of the University of Illinois, a public corporation of the State of Illinois, that the Comptroller and Secretary of this corporation be, and they hereby are, authorized and directed, to execute, acknowledge, and deliver, in the name, and in behalf of, this corporation, and under its Corporate Seal, a Quit Claim Deed and such other documents in connection therewith as said Comptroller and Secretary may deem necessary or desirable in order to convey a Quit Claim to Jason White whose address is 4125 Orchard Lake Road, N W , Atlanta, Georgia, 30339, title to all that tract or parcel of land, lying and being in: T h e City of Atlanta in Land Lot 51 of the 17th District of Fulton County, Georgia, and being Lot No. 11, in Block 8 of Morningside Park Subdivision, as per plat recorded in Plat Book 11, page 125, in the office of the Clerk of the Superior Court of Fulton County, Georgia, and being more particularly described as follows: Beginning at a point on the southwestern side of Morningside Drive, six hundred fifty-five (655) feet southeasterly from the intersection of the southwestern side of Morningside Drive with the eastern side of Bridal Path, said point of beginning being at the northeast corner of Lot 10, said block and subdivision; thence in a southeasterly direction along the southwestern side of Morningside Drive sixty-five (65) feet to Lot 12, said block and subdivision; thence in a southwesterly direction along the dividing line between Lots 11 and 12, one hundred seventy (170) feet; thence in a northwesterly direction sixty (60) feet to the southeast corner of Lot 10; thence in a northeasterly direction along the line of said Lot 10, one hundred seventy (170) feet to the southwestern side of Morningside Drive and the point of beginning, and being improved property known as No. 817 E. Morningside Drive, N.E., according to the present system of numbering houses in the City of Atlanta, Fulton County, Georgia 30324; for, and in consideration of, the payment by said Jason White of the sum of Sixty Thousand Dollars ($60,000.00) less customary closing adjustments to this Corporation.