Repository: UIHistories Project: Board of Trustees Minutes - 1968 [PAGE 163]

EXTRACTED TEXT FROM PAGE:

1966]

UNIVERSITY OF ILLINOIS

111

a recent hearing in the Probate Court the Executors contested this claim. Negotiations have been underway regarding the $6,500 claim and as a result of these negotiations Zeta Psi Educational Foundation agreed to accept a payment of $5,000 in lieu of the $6,500 claim. The Finance Committee considered this matter at its July 27, 1966, meeting and recommended that the claim be settled for $5,000. The Executors have requested that they be provided proper authorization by the University for presentation to the Probate Court of the City of St. Louis, Missouri, this payment of $5,000 and an indication of a consent by the University to the entry of an Order by the Probate Court authorizing and directing the Executors to make such a payment. The following resolution is offered for adoption. Resolution Be It, and It Is Hereby Resolved, by the Executive Committee of The Board of Trustees of the University of Illinois, upon the recommendation of the Finance Committee of said Board, that the Executors of the Estate of John I. Parcel, Deceased, be, and they hereby are, authorized, for and on behalf of, and in the name of, The Board of Trustees of the University of Illinois, a legatee under the Will of John I, Parcel, Deceased, to compromise and settle a claim of $6,500 filed in the Probate Court of the City of St. Louis, Missouri, by Zeta Psi Educational Foundation in the amount of $5,000, and said Board further consents to the entry by the Probate Court of the City of St. Louis, Missouri, of an Order authorizing and directing said Executors to make the aforesaid payment of $5,000. O n m o t i o n of M r s . W a t k i n s , 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 . RENTAL OF SPACE IN BROMLEY HALL (13) The Director of the Physical Plant and the Vice-President and Comptroller recommend authorization of the rental of approximately 150 housing unit spaces in Bromley Hall in Champaign, beginning September 11, 1966, at a rate of $3.00 per student unit per day for the first week, excluding food service, and $5.00 per student unit per day, including food service, for the next two weeks. The necessity to rent these facilities is due to the delay in completion of construction of 180 to 350 spaces in the Florida Avenue Residence Halls, resulting from a shortage of labor and three work stoppages totaling twenty-nine days. Funds for the rental are available from income under the University's housing contracts with these students and other funds of the Housing Division. I concur. O n m o t i o n of M r . J o h n s t o n , 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 by the following vote: A y e , M r . Clement, M r . Johnston, M r s . W a t k i n s ; no, n o n e ; absent, none. RECESS AND EXECUTIVE SESSION C h a i r m a n Clement a n n o u n c e d that a n executive session h a s been req u e s t e d a n d w a s b e i n g o r d e r e d f o r c o n s i d e r a t i o n of r e p o r t s a n d r e c o m mendations relating to property acquisitions. O n m o t i o n of M r s . W a t k i n s , t h e C o m m i t t e e r e c e s s e d . W h e n t h e C o m m i t t e e r e c o n v e n e d in e x e c u t i v e s e s s i o n , t h e s a m e m e m b e r s of t h e C o m m i t t e e , a n d of t h e B o a r d , a n d officers of t h e U n i v e r s i t y w e r e p r e s e n t a s r e c o r d e d a t t h e b e g i n n i n g of t h e s e m i n u t e s . T h e C o m m i t t e e r e s u m e d c o n s i d e r a t i o n of r e p o r t s a n d r e c o m m e n d a t i o n s f r o m t h e P r e s i d e n t of t h e U n i v e r s i t y . PURCHASE OF PROPERTY AT 9 0 5 WEST ILLINOIS STREET. URBANA (14) 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 905 West Illinois Street, Urbana, at a price of $41,000 and lease the property to the University at a rental sufficient to pay the interest costs on a loan to finance this purchase. The property is east of the Krannert Center for the Performing Arts and is required for future academic expansion. The lot size is 65 feet by 150 feet (9,750