Repository: UIHistories Project: Board of Trustees Minutes - 1960 [PAGE 1098]

EXTRACTED TEXT FROM PAGE:

1959]

UNIVERSITY OF ILLINOIS

I095

T h e Dean of the College of Agriculture and Director of the Agricultural Experiment Station and the Vice-President and Comptroller recommend that the University proceed to acquire the farm through its right of eminent domain. Since the University's appropriation for 1959-61 for land acquisitions has not been released by the Governor, it will be necessary to acquire the farm through the University of Illinois Foundation with funds borrowed from the First National Bank of Chicago. The Committee on Buildings and Grounds has authorized University officers to proceed with the acquisition program and has authorized the Vice-President and Comptroller to negotiate with the Foundation and with the First National Bank of Chicago to secure the necessary funds. I recommend that the Board approve this plan of acquisition and that the following resolution be adopted: Resolution Be It, and It Is Hereby Resolved, Found, and Declared by this Board of Trustees of The Board of Trustees of the University of Illinois that the following described real estate situated in the County of Champaign in the State of Illinois, to-wit: The Northwest Quarter ( N W %) of Section Twenty-Eight (28) in Township Nineteen (19) North, Range Nine (9) East of the T h i r d Principal Meridian (3rd P.M.) in Urbana Township, in the County of Champaign and State of Illinois; is needed by the University of Illinois, an educational institution established and supported by the State of Illinois, for horticultural research, teaching, and demonstration activities and for related 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 u s e ; that funds are available to said University 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 T h e 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 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 of Trustees of The Board of Trustees of the University of Illinois that the compensation to be paid by it for said land can not be agreed upon between this Board of Trustees and the owners of said property and they and it are unable to agree upon 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 of Illinois; and Therefore, Be It, and It Is Hereby Further Resolved, Found, and Declared by this Board of Trustees of The Board of Trustees of the University of Illinois that because of said need of the University of Illinois for said land for the purposes hereinabove set forth and because the compensation to be paid to the owners thereof for such land can not be agreed upon between them and this Roard of Trustees, it is necessary for T h e Board of Trustees of the University of Illinois to take said land and acquire title thereto through the exercise by it of the right of eminent domain conferred upon it by law and to have the compensation to be paid by it to the owners thereof and any and all other persons who may have any right, title, or interest in and to said land determined in the manner provided by law for the exercise of said right and power of eminent domain; and Be It, and It Is Hereby Further Resolved by this Board of Trustees of T h e Board of Trustees of the University of Illinois that the necessary and appropriate action be taken for the acquisition of title to said property by said The Board of Trustees of the University of Illinois and to have the compensation