Repository: UIHistories Project: Board of Trustees Minutes - 1968 [PAGE 941]

EXTRACTED TEXT FROM PAGE:

1968]

UNIVERSITY OF ILLINOIS

889

The Board considered the following recommendations from the President of the University.

ACQUISITION O F PROPERTIES AT 1 2 0 1 - 1 2 0 3 WEST SPRINGFIELD AVENUE, URBANA (28) T h e President of the University, with the concurrence of the appropriate administrative officers, recommends adoption of the attached resolution for the acquisition of the properties at 1201-1203 West Springfield Avenue, Urbana, through condemnation proceedings and further requests authorization of settlement of the condemnation suit if the settlement can be effected at a price that is within the appraisals received by the University. Both properties have dimensions of 66 feet by 132 feet (a total of 17,424 square feet), and are owned by the same party. T h e properties are contiguous, and each property is improved with a two-story frame dwelling used for rental purposes. The University has been negotiating with the owner, and has been advised that a recommendation will be submitted to the Board of Trustees for their purchase at a total price of $60,500 based upon appraisals received by the University. This price is not acceptable to the owner, who is now requesting rezoning of this area with the objective of constructing an apartment building. Funds are available in Contract Research Reserve and in state capital appropriations to the University for 1967-69 which have been released by the Governor. Resolution Authorizing Condemnation of Property at 1201 and 1203 W e s t Springfield Avenue, Urbana, Illinois Be It, and It Is Hereby Resolved, Found and Declared by T h e 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: Lots One (1) and Two (2) in Block One (1) of Assessor's Plat of Joseph Nelson's Addition to the Town of Urbana, being a part of the Northwest Quarter ( N W V4) of the Northeast Quarter ( N E VA) of Section Eighteen (18), Township Nineteen (19) North, Range Nine (9) East of the Third Principal Meridian, per Plat recorded in Deed Record 22, page 137, in Champaign County, Illinois, 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 use as a site for an academic building 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 owner of said land through her duly authorized representatives for the purchase of said land at a price which this Board of Trustees considers fair and reasonable and which it finds constitutes the present market value of said land, but that said owner has refused to sell and convey said land, or any portion thereof, to said The Board of Trustees of the University of Illinois for such price and continues to refuse to sell and convey the same to it except for a consideration and price which this Board of Trustees deems unreasonable and excessive and is, therefore, unwilling and has refused to pay; and Be It, and It Is Hereby Further Resolved, Found and Declared by The Board of Trustees of the University of Illinois that the compensation to be paid by it for said land cannot be agreed upon between this Board of Trustees and the owner of said property and she and it are unable to agree upon the purchase price to be paid to said owner for the sale and conveyance of said land by said owner thereof to said T h e Board of Trustees of the University of Illinois; and Therefore, Be It, and It Is Hereby Further Resolved, Found and Declared by The Board of Trustees of the University of Illinois that because of said need