Repository: UIHistories Project: Board of Trustees Minutes - 1964 [PAGE 714]

EXTRACTED TEXT FROM PAGE:

1963]

UNIVERSITY OF ILLINOIS

669

Trustees of the stated percentage of allocation between the inventors and the University of Illinois Foundation and the percentage distribution of the sum allocated to the inventors, with the right of future revision as may be required to maintain the equities of the inventors involved. I concur in this recommendation.

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

PURCHASE OF PROPERTIES (2) The Director of the Physical Plant and the Vice-President and Comptroller recommend purchase, at the prices indicated, of the following properties needed to complete acquisition of a site for a graduate students residence hall: 409 East Daniel Street, Champaign $38 000 A three-story and basement frame rooming house on a lot 57 feet by 173.25 feet. The owner will give immediate possession to the land required for construction south of the existing improvement and will give possession of the remaining part not later than July 1, 1965. 402 East Chalmers Street, Champaign 35 000 A three-story and basement frame house on a corner lot 51.5 feet on Chalmers Street, by 116.24 feet. Possession will be delivered to the University no sooner than February 1, 1964, nor later than September 1, 1964, dependent on the scheduled start of construction of the residence hall. Funds are available in the state capital appropriations to the University from the 1961-63 Bond Issue and have been released. The prices are consistent with the recommendations for the acquisition of these properties which have previously been submitted to and concurred in by the Committee on Buildings and Grounds. The Board of Trustees, on February 20, 1963, authorized condemnation proceedings for acquisition of the property at 402 East Chalmers Street, Champaign, because the asking price was in excess of University appraisals. Through subsequent negotiations, the price indicated has been agreed upon, and it is within the limit authorized by the Committee on Buildings and Grounds. This price also appears to be the lowest at which the property can be acquired without condemnation proceedings. I recommend authorization of these purchases; and further recommend that the Board rescind its resolution of February 20, 1963, with respect to condemnation proceedings for acquisition of the property at 402 East Chalmers Street, Champaign.

On motion of Mr. Pogue, the purchases of these properties, at the prices recommended, were authorized by the following vote: Aye, Mr. Gement, Mr. Dilliard, Mr. Johnston, Mr. Pogue, Mr. Swain, Mrs. Watkins, Mr. Williamson; no, none; absent, Mr. Hughes, Mr. Kerner, Mr. Page.

ACQUISITION OF PROPERTY AT 1 3 0 4 WEST STOUGHTON STREET, URBANA. ILLINOIS (3) University representatives have been negotiating for the purchase of the property at 1304 West Stoughton Street, Urbana, a lot 40 feet by 132 feet (5,280 square feet) with a two and one-half story and basement frame building now used for apartments and for student rooms. The land is needed as part of the site for College of Engineering buildings, and specifically for the new Civil Engineering Building. The owners were advised that a recommendation would be made to the Board of Trustees for the purchase of the property at a price of $23,140, based on University appraisals, but the offer is not acceptable and the asking price remains substantially in excess of the highest University appraisal. The Director of the Physical Plant and the Vice-President and Comptroller recommend that the Board of Trustees authorize condemnation proceedings for the acquisition of the property. Funds are available in the state capital appropriations to the University for 1961-63 from the Universities Building Fund and have been released. I concur and recommend adoption of the following resolution: