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Caption: Board of Trustees Minutes - 1968
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420 BOARD OF TRUSTEES [February 9 Trustees be authorized to execute the necessary documents as approved by the Legal Counsel including deeds to and leases from the University of Illinois Foundation to effect the settlement through Foundation participation. I concur and recommend adoption of the following resolution. Resolution Regarding Colbert Property Located at 511 East John Street, Champaign, Illinois WHEREAS, the Judgment Order of the Circuit Court of the Sixth Judicial District, Champaign County, Illinois, entered in, the condemnation case entitled "The Board of Trustees of the University of Illinois, a public corporation, Petitioner, vs. Ernest A. Colbert and Lucille S. Colbert, Defendants" No. 66-L-675, under date of January 30, 1967, provides that upon payment to the County Treasurer of Champaign County, Illinois, of the amount of the award in the sum of One Hundred Twenty-eight Thousand One Hundred Fifty-eight Dollars and Thirty-three Cents ($128,158.33) title to the Colbert Property hereinafter described shall vest in this public corporation; and WHEREAS, this public corporation desires that the University of Illinois Foundation, a not-for-profit corporation of the State of Illinois, pay the amount of said award in accordance with the terms of said Judgment Order and lease said Colbert Property to this public corporation and under the terms of which lease this public corporation shall be granted an option to purchase said Colbert Property; and Now, Therefore, Be It, and It Hereby Is, Resolved by The Board of Trustees of the University of Illinois, a public corporation of the State of Illinois, that upon payment of said award in accordance with the terras of said Judgment Order by the University of Illinois Foundation, that the Comptroller and Secretary of this public corporation be, and they hereby are, authorized and directed, to execute, acknowledge, and deliver, in the name, and in behalf of, this public corporation and under its Corporate Seal, a Warranty Deed, and such other documents in connection therewith as said Comptroller and Secretary may deem necessary or desirable in order to convey to University of Illinois Foundation title to the property hereinabove referred to as Colbert Property and described as follows, viz: Lot One (1) in Block Fourteen (14) of Assessor's Subdivision of Blocks Ten (10), Eleven (11) and Fourteen (14) of J. S. Wright's Addition to the City of Champaign, situated in the City of Champaign, in the County of Champaign, and State of Illinois. On motion of Mr. Johnston, the foregoing resolution was adopted by the following vote: Aye, Mr. Clement, Mr. Hughes, Mr. Johnston, Mr. Pogue, Mr. Swain, Mrs. Watkins, Mr. Williamson; no, none; absent, Mr. Dilliard, Mr. Jones, Governor Kerner, Mr. Page. Mrs. Watkins reminded the Board of the meeting of the Association of Governing Boards on April 16-18, 1967, in Urbana. Mr. Johnston made a motion to recess, to reconvene at 1:30 p.m. on February 28, 1967, in the Governor's Office in Springfield at which time the proclamation marking the beginning of the Centennial Year of the University will be presented. EARL W. PORTER HOWARD W. CLEMENT Secretary President
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