Repository: UIHistories Project: Board of Trustees Minutes - 1960 [PAGE 421]

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418

BOARD OF TRUSTEES

[May

16

versity for buildings and other capital expenditures for the biennium of 1959-61. This total will be distributed as follows, with adjustments in the several items to set up line items for equipment and contingencies. Power Plant Addition and Utilities Distribution System, Urbana $ 6 400 000 Funds to supplement outside grants, Urbana I 185 000 Protection of life and property, Urbana and Chicago Professional Colleges 775 000 For site acquisition, development, and planning ( n e t ) , Chicago Undergraduate Division 2 500 000 Land acquistion, Urbana 450 000 Completion of buildings under construction, Urbana and Chicago P r o fessional Colleges 940 000 Plans and specifications, Urbana and Chicago Professional Colleges.. 500 000 Remodeling, Urbana and Chicago Professional Colleges I 000 000 University's proportionate share of public improvement projects, Urbana 440 000 $14 190 000 It should be noted that the largest item is an addition to the Power Plant and Utilities Distribution System which will include a new boiler and generator to provide additional capacity for the expansion of academic buildings, and extension of utilites needed to service new residence halls and other revenue financed buildings. In addition the Governor has recommended a new referendum for a bond issue for educational institutions. If authorized by the General Assembly this referendum will be in the fall of i960 and if approved, appropriations for the construction of major buildings would be made in the biennium beginning in 1961.

On motion of Mr. Pogue, these adjustments were approved.

PURCHASE OF PROPERTY AT 1 2 0 1 WEST STOUGHTON STREET, URBANA

Mr. Pogue, for the Committee on Buildings and Grounds, presented the following recommendation:

T h e Director of the Physical Plant and the Vice-President and Comptroller recommend the purchase of the property at 1201 West Stoughton Street, Urbana, at a price of $17,000. This property is within the University's long-range land acquisition program and is one of two privately owned lots in the block bounded by Springfield Avenue on the south, Mathews Avenue on the west, Stoughton Street on the north, and Goodwin Avenue on the east, all the other land in that block being owned by the University. T h e property at 1201 West Stoughton Street consists of a corner lot 66 feet wide and 100 feet deep with a ten-room frame house formerly occupied by the Alpha Kappa Alpha sorority, the owner. T h e house is presently unoccupied because it is in need of major repairs, and the sorority has decided to build elsewhere instead of rebuilding on the present site. T h e house should be razed and the land can be used for parking until needed as a building site. T h e price is $800.00 higher than the highest appraisal secured by the University, and $1,000.00 less than an appraisal secured by the sorority. It would represent a cost of $2.57 per square foot which is a reasonable price compared with other properties acquired in this area. Funds are available. T h e President of the University concurs in this recommendation.

On motion of Mr. Pogue, the purchase of this property, at the price indicated, was authorized by the following vote: Aye, Mr. Clement, Mr. Harewood, Mr. Herrick, Mr. Hughes, Mr. Johnston, Mr. Pogue, Mr. Swain, Mrs. Watkins, Mr. Wilkins, Mr. Williamson; no, none; absent, Mr. Stratton.