Repository: UIHistories Project: Board of Trustees Minutes - 1968 [PAGE 120]

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68

BOARD OF TRUSTEES

[July 27

to said owners for the sale and conveyance of said land by said owners thereof to said The Board of Trustees of the University of Illinois; and Therefore, Be It, and It Is Hereby Further Resolved, Found and Declared by T h e Board of Trustees of the University of Illinois that because of said need of the University of Illinois for said land for the purposes hereinabove set forth and because the compensation to be paid to the owners thereof for such land cannot be agreed upon between them and this Board of Trustees, it is necessary for The Board of Trustees of the University of Illinois to take said land and acquire title thereto through the exercise by it of the right of eminent domain conferred upon it by law and to have the compensation to be paid by it to the owners thereof and any and all other persons who may have any right, title or interest in and to said land determined in the manner provided by law for the exercise of said right and power of eminent domain; and Be It, and It Is Hereby Further Resolved by T h e Board of Trustees of the University of Illinois that the necessary and appropriate action be taken for the acquisition of title to said property by said T h e Board of Trustees of the University of Illinois and to have the compensation to be paid therefor determined by the institution and prosecution to completion of a proceeding in eminent domain in a court of competent jurisdiction and that the Legal Counsel of the University be, and he is hereby authorized to proceed accordingly, to institute and prosecute an eminent domain proceeding in the name and on behalf of T h e Board of Trustees of the University of Illinois for the acquisition of said land and the determination of the compensation to be paid by it therefor, and to employ such special legal counsel, appraisers, and others as he may deem necessary or desirable to assist him in the institution and prosecution of said proceeding. O n m o t i o n of M r . D i l l i a r d , t h e f o r e g o i n g r e s o l u t i o n w a s a d o p t e d , a n d authority was given as requested, by the following vote: Aye, M r . Clement, M r . Dilliard, M r . H u g h e s , M r . Johnston, M r . Jones, M r . Pogue, M r s . W a t k i n s , M r . Williamson; no, n o n e ; absent, Governor Kerner, Mr. Page, Mr. Swain. P U R C H A S E O F P R O P E R T Y AT 9 1 2 W E S T IUU1NOIS S T R E E T AND 9 1 T W E S T HIGH S T R E E T , URBANA (46) The Director of the Physical Plant and the Vice-President and Comptroller recommend that the University of Illinois Foundation be requested to purchase the property at 912 West Illinois Street and 911 West High Street, Urbana, at a price of $120,000 and lease the property to the University at a rental sufficient to pay the interest on a bank loan to finance purchase of the property. The property is adjacent to and east of the Illinois Street Residence Halls. It is improved with a two-story and basement brick thirteen-unit apartment building and a two-story and basement frame dwelling. The lot size is 76.2 feet by 219 feet (16,687 square feet). I concur. 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 vote: Aye, M r . Clement, M r . Dilliard, M r . H u g h e s , M r . Johnston, M r . Jones, M r . Pogue, M r s . W a t k i n s , M r . Williamson; no, n o n e ; absent, Governor K e r n e r , M r . Page, M r . Swain. ACQUISITION O F P R O P E R T Y AT 8 0 8 S O U T H FIFTH S T R E E T , CHAMPAIGN (47) The University has been negotiating with the owner for purchase of the property at 808 South Fifth Street, Champaign, Illinois, required for expansion of parking facilities in the central area west of the campus._ T h e property consists of a lot 57 feet by 49.5 feet (2,821.5 square feet) and is improved with a two and one-half story and basement frame building used for apartments and rooms. The owner has been advised that a recommendation would be submitted to the Board of Trustees for the purchase of this property at a price of $28,500 based on University appraisals, but this price is not acceptable. T h e owner is asking $42,000. Accordingly, the Director of the Physical Plant and the Vice-President and Comptroller recommend authorization for the acquisition of the property at 808