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Caption: Board of Trustees Minutes - 1968
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66 BOARD OF TRUSTEES [July 27 On motion of Mr. Hughes, this recommendation was approved by the following vote: Aye, Mr. Clement, Mr. Dilliard, Mr. Hughes, Mr. Johnston, Mr. Jones, Mr. Pogue, Mrs. Watkins, Mr. Williamson; no, none; absent, Governor Kerner, Mr. Page, Mr. Swain. PURCHASE OF 9 0 8 S O U T H FIFTH STREET, CHAMPAIGN (41) The University of Illinois Foundation has purchased the property at 908 South Fifth Street, Champaign, east of Stuart Pratt Sherman Hall at Fifth and Chalmers Streets, for use as part of a site for parking facilities for the residence halls. The Director of the Physical Plant and the Vice-President and Comptroller recommend that the University acquire this property from the University of Illinois Foundation at the original purchase price of $46,500, plus interest charges on a bank loan to finance the initial acquisition of the property. Funds are available in the proceeds from the sale of revenue bonds for the construction of this Graduate Student Residence Hall. I concur. O n motion of M r . Johnston, the purchase of this property, at the price recommended, was authorized by the following vote: Aye, M r . Clement, Mr. Dilliard, M r . Hughes, Mr. Johnston, Mr. Jones, Mr. Pogue, M r s . Watkins, M r . Williamson; no, none; absent, Governor Kerner, Mr. Page, M r . Swain. PURCHASE OF PROPERTY AT 9 0 9 WEST NEVADA STREET, URBANA (42) The Director of the Physical Plant and the Vice-President and Comptroller recommend that the Board of Trustees request the University of Illinois Foundation to purchase the property at 909 West Nevada Street, Urbana, at a price of $40,000 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. It consists of a lot S6.S feet by 120 feet and is improved with a two-story and basement frame dwelling. The property will be used for academic offices. I concur. O n motion of M r . Williamson, this recommendation was approved by the following vote: Aye, Mr. Clement, Mr. Dilliard, Mr. H u g h e s , M r . Johnston, M r . Jones, M r . Pogue, M r s . Watkins, M r . Williamson; no, none; absent, Governor Kerner, Mr. Page, Mr. Swain. PURCHASE OF PROPERTY AT 1 1 1 1 WEST STOUGHTON STREET, URBANA (43) The Director of the Physical Plant and the Vice-President and Comptroller recommend that the Board of Trustees request the University of Illinois Foundation to purchase the property at 1111 West Stoughton Street, Urbana, at a price of $19,500 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. It consists of a corner lot 66 feet by 60 feet and is improved with a two-story and basement frame building. The improvements on this property will be demolished, and the area will be used for parking. I concur. O n motion of M r . Johnston, this recommendation was approved by the following vote: Aye, M r . Clement, M r . Dilliard, M r . Hughes, M r . Johnston, M r . Jones, M r . Pogue, M r s . W a t k i n s , M r . Williamson; no, none; absent, Governor Kerner, Mr. Page, Mr. Swain. PURCHASE OF PROPERTY AT S 0 4 WEST OREGON STREET, URBANA (44) The Director of the Physical Plant and the Vice-President and Comptroller recommend that the Board of Trustees request the University of Illinois Foundation to purchase the property at 904 West Oregon Street, Urbana, at a price of $40,000 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. It consists of a lot 65 feet by 112 feet and is improved with a two-story and basement
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