Repository: UIHistories Project: Board of Trustees Minutes - 1962 [PAGE 303]

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BOARD OF TRUSTEES

[December 21

ing, or possibly an adjourned session of the January 18 meeting, to take such actions as may be indicated by developments. Mr. Gement suggested that a study be made of the desirability of protecting the area surrounding the new campus when a site has been secured, and particularly the area between it and the Chicago Professional Colleges if they are in close proximity, by legislation creating a district, somewhat like the Medical Center District, to include sufficient land area to provide for future expansion. JANUARY A N D FEBRUARY MEETINGS President Williamson reminded the Board that its next two meetings will be on January 18, 1961, in Chicago, and on February 15, 1961, in Urbana, at places and hours to be determined by the President and the Secretary of the Board. RECESS AND EXECUTIVE SESSION The Board recessed, Mr. Herrick and Mr. Johnston asked to be excused from the rest of the meeting. When the Board reconvened, an executive session was requested and ordered for consideration of the following items of business relating to property acquisitions.

PURCHASE OF PROPERTIES AT 1 1 0 1 A N D 1 3 0 2 WEST SPRINGFIELD AVENUE. URBANA

(I) The Director of the Physical Plant and the Vice-President and Comptroller recommend the purchase by the University of Illinois Foundation for the University of two properties owned by the Twin City Bible Church at 1101 We;( Springfield Avenue and 1302 West Springfield Avenue in Urbana at the price and on the terms indicated below. 1302 West Springfield Avenue, This property is a lot 66 feet by 100 feet or a land area of 6,600 square feet and a brick and stone church building (original!;. the Trinity Methodist Church of Urbana). The building was condemned because of structural conditions and was razed at a cost to the Twin City Bible Church of $8,000. Bids were taken on the razing job and were reviewed by University representatives before tbe contract was awarded. The property, including the original church building, was appraised at $20,000. If purchased by the University on the basis of this appraisal, the total cost to the University would be $28,006, including the cost of razing the building. Representatives of ihe Twin City Bible Church, were informed at the time they contracted for demolition of the building that this expenditure would be taken into consideration by the University if and when it decided to purchase the properties. 1101 West Springfield Avenue. This consists of a lot 6b feet by 132 feet, or a total land area of 8,712 square feet, with a building used as a parsonage hv the Church, Acquisition of this property by the University offers the oppomwiii of securing the closing of Harvey Street, south of Springfield Avenue, wliicii would result in the acquisition of an additional land area of 60 feet by 132 feei or 7,920 square feet, Harvey Street runs north and south and the property at 1101 West Springfield is at the southwest corner of Springfield and Harvey. The property, including the parsonage, is appraised at $18,750. These land areas will eventually be needed for future campus expansion and as building sites. Until needed for construction of major buildings, the land conii be used as sites for construction of surge space. The Twin City Bible Church officials have agreed to accept a negotiated price of $55,000 for the two properties, provided that payment is made not later than January 31, 1961. The University will obtain possession of the property at 1302 West Springfield Avenue not later than that date and possession of tlw property at 1101 West Springfield Avenue not later than July 1, 1961. The Board of Directors of the University of Illinois Foundation ! <* >• authorized the purchase of these properties, to be held by the Foundation for th(