Repository: UIHistories Project: Board of Trustees Minutes - 1970 [PAGE 28]

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28

BOARD OF TRUSTEES

[July 24

the property at 309 South Lincoln Avenue, Urbana, at a price of $42,500 and lease the property to the University at a rental sufficient to pay the interest costs on a loan to the Foundation to finance acquisition of the property. The property consists of a lot of approximately 50 feet by 166.8 feet (8,340 square feet) and is improved with a two-story frame and stucco dwelling. The improvements on this property will either be temporarily assigned to the Housing Division for use as faculty-staff housing, or the improvements will be demolished and the area used for parking.

On motion of Mr. Williamson, this recommendation was approved by the following vote: Aye, Mr. Clement, Mr. Grimes, Mr. Hahn, Mr. Hughes, Mr. Jones, Mr. Pogue, Mr. Swain, Mr. Williamson; no, none; absent, Mr. Page, Governor Shapiro, Dr. Weatherly.

PURCHASE OF 9 0 6 WEST OREGON STREET, URBANA

(49) The President of the University, with the concurrence of appropriate administrative officers, recommends that the University of Illinois Foundation purchase the property at 906 West Oregon Street, Urbana, at a price of $47,500 and lease the property to the University at a rental sufficient to pay the interest costs on a loan to the Foundation to finance acquisition of the property. The property consists of a lot of approximately 65 feet by 157 feet (10,205 square feet), and is improved with a two-story stucco dwelling. This property is in the block east of the Krannert Center for the Performing Arts and will be assigned to the Housing Division for temporary faculty-staff housing. On motion of Mr. Grimes, this recommendation was approved by the following vote: Aye, Mr. Clement, M r . Grimes, Mr. H a h n , Mr. Hughes, M r . Jones, Mr. Pogue, Mr. Swain, Mr. Williamson; no, none; absent, M r . Page, Governor Shapiro, Dr. Weatherly.

PURCHASE OF 1 1 0 3 WEST OREGON STREET, URBANA

(50) The President of the University, with the concurrence of appropriate administrative officers, recommends the purchase of the property at 1103 West Oregon Street, Urbana, at a price of $38,000. The property consists of a lot with dimensions of approximately 55 feet by 157 feet (8,635 square feet), and is improved with a two and one-half-story frame dwelling. This property is directly across from the Krannert Center for the Performing Arts on the south and will be assigned to the Housing Division for use as temporary faculty-staff housing. Funds are available in state capital appropriations to the University for 1967-69 and have been released by the Governor.

On motion of Mr. Clement, this recommendation was approved by the following vote: Aye, Mr. Clement, Mr. Grimes, Mr. Hahn, Mr. Hughes, Mr. Jones, Mr. Pogue, Mr. Swain, Mr. Williamson; no, none; absent, Mr. Page, Governor Shapiro, Dr. Weatherly.

FINANCING THE PURCHASE OF 8 0 1 SOUTH WRIGHT STREET, CHAMPAIGN

(51) The President of the University, with the concurrence of appropriate administrative officers, recommends that the balance of $194,015 to be paid to the University of Illinois Foundation for the property at 801 South Wright Street, Champaign (YWCA), be appropriated from the Urbana-Champaign Contract Research Reserve. Funds are available in the Contract Research Reserve. On motion of Mr. Jones, this recommendation was approved by the following vote: Aye, Mr. Clement, Mr. Grimes, Mr. Hahn, Mr. Hughes, Mr. Jones, Mr. Pogue, Mr. Swain, Mr. Williamson; no, none; absent, M r . Page, Governor Shapiro, Dr. Weatherly.