Repository: UIHistories Project: Board of Trustees Minutes - 1960 [PAGE 154]

EXTRACTED TEXT FROM PAGE:

1958]

UNIVERSITY OF ILLINOIS

151

0.310 acres more or less, and all situated in the City of Champaign, County of Champaign, State of Illinois; Also, beginning at a point 86.59' South of and 32.46' S 89 0 57' W of the intersection of the centerlines of West Oregon Street and South Mathews Avenue, thence S 8g° 57' W 97.94'; thence N o° 56' E 111.09'; thence S 88° 58' E 40.99'; thence N o D 57' E 118.92'; thence N 89° 20' W 14.51'; thence N i ° 04' E 37.63'; thence N 89° 20' W 23.59'; thence N 0° 59' E 00.38'; thence S 89° 03' E 88.72'; thence S 0° 03' E 355.99' to the place of beginning, said tract containing 0.653 acres more or less, and all situated in the City of Urbana, County of Champaign, State of Illinois; Also, beginning at a point 783.35' South of and 31.83' S 89 0 51' E of the intersection of the centerlines of West Oregon Street and South Mathews Avenue, thence N 0° 07' E 152.25'; thence S 89 0 51' E 139.00'; thence S 0° 07' W 152.25'; thence N 89° 51' W 139.00' to the place of beginning, said tract containing 0.49 acres more or less, and all situated in the City of Urbana, County of Champaign, State of Illinois; Also, beginning at a point 256.30' South of and 55.50' N 89° 24' W of the N E corner of Section 24, T. 19 N., R. 8 E. of the 3rd P . M., thence N 89° 24' W, 256.15'; thence South 641.56'; thence S 89 0 34' E, 256.39'; thence North 640.86' to the place of beginning, said tract containing 3.77 acres more or less, and all situated in the City of Champaign, County of Champaign, State of Illinois; Also, beginning at a point S 89° 22' W, 742.19', measured along the centerline of Florida Avenue, and S 0° 34.9' W, 55.00' from the N E corner of Section 19, T. 19 N., R. 9 E. of the 3rd P. M., thence S 89° 22' W, parallel to the centerline of Florida Avenue, 387.50', thence S o° 34.9' W 409.75', thence N 89° 22' E 387.50', thence N 0° 34.9' E 409.75' to the point of beginning, said tract containing 3.64 acres more or less, and all situated in the County of Champaign, State of Illinois, Now, Therefore, Be It, and It Hereby Is, Resolved by this Board of Trustees of the Board of Trustees of the University of Illinois, a public corporation of the State of Illinois, that the action taken in the name and behalf of said public corporation by its Comptroller and Secretary in entering into and the execution of said Agreement dated October 15, 1958, with Foundation providing for the parking lot financing p r o g r a m ; the execution, acknowledgment and delivery of said W a r r a n t y Deed dated October 14, 1958, conveying the hereinabove described premises to Foundation; the acceptance and receipt of said sum of F o u r H u n d r e d F o r t y Thousand Dollars ($440,000) in consideration for said W a r r a n t y D e e d ; the entering into and execution of said Lease dated October 15, with Foundation providing for the leasing of the hereinabove described premises; and other actions taken in the name and on behalf of said public corporation by its Comptroller and Secretary in connection with the parking lot financing program are each and all hereby confirmed and ratified by this Board of Trustees. T h i s r e s o l u t i o n w a s a d o p t e d b y t h e following v o t e : A y e , M r . Bissell, Mr. Herrick, Mrs. Holt, Mr. Hughes, Mr. Johnston, Mr. Livingston, Mr. Nickell, M r s . W a t k i n s , M r . W i l l i a m s o n ; no, n o n e ; absent, M r . Stratton, Mr. Swain.

ELECTRICAL SERVICE TO THE MEDICAL RESEARCH LABORATORY

(11) T h e construction of the Medical Research Laboratory building has progressed to the point where it is now necessary to make arrangements with the Commonwealth Edison Company for the supplying of electrical service to the building. T h e University should take advantage of the lower rates available under the "multiple service and combined billing" arrangement previously approved by the Board of Trustees for the Chicago Professional Colleges campus (Minutes, July 25, 1950, page 25). Certain items of underground and vault equipment required to furnish service under this arrangement must be supplied by the Commonwealth Edison Company at a cost to the University of $7,609. This cost will be amortized at the lower rate in approximately three years.