Repository: UIHistories Project: Board of Trustees Minutes - 1960 [PAGE 1038]

EXTRACTED TEXT FROM PAGE:

1959]

UNIVERSITY OF ILLINOIS

1035

Beginning at the Southeast corner of said Section 24, running thence North along the East line of said Section 24, a distance of 240 feet; running thence Easterly on a line parallel with the South line of Section 24 to the centerline of said hereinabove mentioned public highway (i.e., South First Street so extended) as the same now exists; running thence Southerly along the centerline of said public highway to a point where said centerline intersects with the South line of Section 24 extended; and running thence Westerly to the place of beginning, as described in Deed Book 483, Page 503 of the records of said County; and A tract of land situated in said Southeast Quarter ( S E J4) of the Southeast Quarter ( S E YA) oi said Section 24, described and bounded as follows: Beginning at a point in the East line of said Section 24, said point being 638 feet, more or less, distant North of the Southeast corner of said Section 24 and being marked with an iron pipe; running thence Westerly, along a line parallel to the South line of said Section 24, a distance of 363 feet to an iron pipe; running thence Northerly along a line parallel to the East line of said Section 24, a distance of 120 feet to an iron pipe; running thence Easterly along a line parallel to the South line of said Section 24, a distance of 363 feet to a point on the East line of said Section 24, said point being marked with an iron pipe; running thence Southerly along the East line of said Section 24, a distance of 120 feet, to the place of beginning, containing one acre, more or less; and A tract of land in the Southwest Quarter ( S W VA) of said Section 19, described and bounded as follows: Beginning at an iron pipe in the East line of said Section 24, said point being 638 feet (more or less) distant North from the Southeast corner of said Section 24; running thence Northerly along the East line of said Section 24, a distance of 120 feet to a corner, said corner being marked with an iron pipe; running thence Easterly along a line parallel to the South line of said Section 24, to the centerline of said hereinabove mentioned public highway (i.e., South First Street so extended) as the same now exists; running thence Southerly along the centerline of said public highway, a distance of 120 feet, to a corner; and running thence Westerly along a line parallel to the South line of said Section 24 to the place of beginning. is needed by the University of Illinois, an educational institution established and supported by the State of Illinois, as the site for a building and other structures needed and to be constructed by said University of Illinois for educational purposes conducted and to be conducted by said University of Illinois and for the further expansion of the educational facilities of said University of Illinois and to enable said University of Illinois to discharge its duty to the people of said State and for public use; that funds have been appropriated by the General Assembly of the State of Illinois for the purchase of said land for said educational purposes; that this Board of Trustees has negotiated with the owners of said land through their duly authorized representatives for the purchase of said land at a price which this Board of Trustees considers fair and reasonable and which it finds constitutes the present market value of said land, but that said owners have refused to sell and convey said land, or any portion thereof, to said The Board of Trustees of the University of Illinois for such price and continue to refuse to sell and convey the same to it except for a consideration and price which this Board of Trustees deems unreasonable and highly excessive and is, therefore, unwilling and has refused to pay; and Be It, And It Is Hereby Further Resolved, Found And Declared by this Board °f Trustees o{ The Board of Trustees of the University of Illinois that the compensation to be paid by it for said land cannot be agreed upon between this Board °t Trustees and the owners of said property and they and it are unable to agree u Pon the purchase price to be paid to said owners for the sale and conveyance of said land by said owners thereof to said The Board of Trustees of the University °f Illinois; and Therefore, Be It, And It Is Hereby Further Resolved, Found And Declared 2 this Board of Trustees of The Board of Trustees of the University of Illinois th at because of said need of the University of Illinois for said land for the