Repository: UIHistories Project: Board of Trustees Minutes - 1968 [PAGE 1067]

EXTRACTED TEXT FROM PAGE:

1968]

UNIVERSITY OF ILLINOIS

1015

ACQUISITION OF 9 0 6 AND 91 O SOUTH FIFTH STREET, CHAMPAIGN (39) The Board of Trustees on July 21, 1965, authorized the acquisition of the properties at 906 and 910 South Fifth Street, Champaign, and acquisition of title to such properties by exercise of the right of eminent domain through condemnation proceedings. The condemnation suit for these properties has been completed in the Circuit Court of Champaign County, Illinois. The jury awards have been within the range of the testimony adduced from expert witnesses at the trial. The awards for these properties are as follows: Date of Court Order Property Jury Award February 23, 1968 906 South Fifth Street $36 500 00 February 23, 1968 910 South Fifth Street $52 500 00 Total $89 000 00 The President of the University, with the concurrence of appropriate administrative officers, recommends that the University accept the jury awards and pay the same in accordance with the judgment order. Funds are available from the proceeds of the sale of revenue bonds for the Sherman Hall (SG-3) project. O n m o t i o n of M r . J o n e s , t h i s r e c o m m e n d a t i o n w a s a p p r o v e d b y t h e following v o t e : A y e , M r . Clement, M r . G r i m e s , M r . H a h n , M r . J o n e s , Mr. Page, M r . Pogue, M r . Swain, Mr. Williamson; no, n o n e ; absent, Mr. H u g h e s , Governor K e r n e r , Dr. Weatherly. ACQUISITION OF PROPERTY AT 1 0 0 7 WEST ILLINOIS STREET, URBANA (40) The President of the University, with the concurrence of appropriate administrative officers, recommends adoption of the following resolution authorizing acquisition of the property at 1007 West Illinois Street, Urbana, through condemnation proceedings. In addition, authorization for settlement of the condemnation suit is recommended, if such acquisition can be completed at a price within the appraisals received by the University. The property consists of a lot 65 feet by 150 feet (9,750 square feet) and is improved with a two-story frame residence. The University has been negotiating with the owner of this property, who has been advised that University representatives would be willing to recommend to the Board of Trustees the purchase of the property at a total price of $37,500 based on appraisals received by the University; however, this price is not acceptable to the owner. Funds are available in state capital appropriations to the University for 1967-69 and have been released by the Governor. R e s o l u t i o n A u t h o r i z i n g C o n d e m n a t i o n of P r o p e r t y L o c a t e d at 1007 W e s t Illinois Street, U r b a n a , Illinois Be It, and It Hereby Is Resolved, Found and Declared by The Board of Trustees of the University of Illinois, a body corporate and politic and a public corporation of the State of Illinois, that the following described real estate situated in the County of Champaign, in the State of Illinois, to-wit: Lot Nine (9) of a Subdivision of Lots 32 and 33 of Elizabeth F. McCain's Heirs Addition to the City of Urbana, situated in the City of Urbana, 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 an academic facility building for students and staff members of the University of Illinois in the conduct of the educational functions of the University of Illinois and for other 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 are available to the University 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