Repository: UIHistories Project: Board of Trustees Minutes - 1968 [PAGE 942]

EXTRACTED TEXT FROM PAGE:

890

BOARD OF TRUSTEES

[ J a n u a r y 17

of the University of Illinois for said land for the purposes hereinabove set forth and because the compensation to be paid to the owner thereof for such land cannot be agreed upon between her and this Board of Trustees, it is necessary for T h e 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 owner 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 The 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 The 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.

On motion of Mr. Hughes, the foregoing resolution was adopted by the following vote: Aye, Mr. Grimes, Mr. Hahn, Mr. Hughes, Mr. Pogue, Mr. Swain, Mr. Williamson; no, none; absent, Mr. Clement, Mr. Jones, Governor Kerner, Mr. Page, Dr. Weatherly.

ACQUISITION OF CONSTRUCTION MATERIALS RESEARCH LABORATORY FOR CORPS OF ENGINEERS (29) The Corps of Engineers wishes to establish a construction materials research laboratory in the vicinity of the Urbana-Champaign campus. Its proximity will substantially benefit the educational and research activities of the University, particularly in the field of civil engineering. The Corps of Engineers has selected Interstate Research Park, at the junction of Interstate Routes 74 and 57, as the site for the laboratory on the basis of a proposal submitted by the Park and supported by the University. Phase I of the project contemplates laboratory buildings of approximately 100,000 square feet at an initial cost (including land) of approximately $3,400,000 with occupancy on or about April 1, 1969. As a result of negotiations involving the Corps of Engineers, Interstate Research Park, the University, and the University of Illinois Foundation, the University now proposes that the P a r k construct the facility and sell it to the Foundation which, in turn, will lease the same to the Corps of Engineers for the period of the Foundation's financing obligation (thirty years) subject to a ninety-day termination right in the Corps. The rental rate will be the amount necessary to amortize the initial investment over a thirtyyear term. Title to the property would be transferred to the University subject to the lien of the financing obligation immediately upon purchase by the Foundation. In the event the Corps terminates the lease, the facility is adaptable for direct use by the Department of Civil Engineering. If the Corps should condemn the property, credit may be allowed on the award for that portion of the rental payments allocable to principal amortization. It is recommended that the Board of Trustees request the University of Illinois Foundation to provide the facilities in the manner outlined above, the form of any obligations of the Foundation issued in furtherance thereof to be specifically approved by the Comptroller of the Board and the Legal Counsel of the University, who are authorized to act for and on behalf of the Board of Trustees in this regard.

On motion of Mr. Hahn, this recommendation was approved.

PRESENTATION BY PRESIDENT OF THE CHICAGO CIRCLE FEDERATION OF TEACHERS

T h e regular meeting of the Board convened, with all members present as recorded at the beginning of these minutes, for the purpose of hear-