Repository: UIHistories Project: Board of Trustees Minutes - 1964 [PAGE 720]

EXTRACTED TEXT FROM PAGE:

1963]

UNIVERSITY OF ILLINOIS

675

On motion of Mr. Pogue, the foregoing resolution was authorized by the following vote: Aye, Mr. Clement, Mr. Dilliard, Mr. Johnston, Mr. Pogue, Mr. Swain, Mrs. Watkins, Mr. Williamson; no, none; absent, Mr. Hughes, Mr. Kerner, Mr. Page.

ACQUISITION O F P R O P E R T Y AT 1 3 0 3 W E S T S T O U G H T O N S T R E E T , URBANA, ILLINOIS (7) University representatives have been negotiating for the purchase of the property at 1303 West Stoughton Street, Urbana, a lot 66 feet by 100 feet (6,600 square feet) improved with a one-story, two-apartment-unit frame dwelling. The land is needed as part of the site for the proposed Mathematics 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 $16,000, based on University appraisals, but the offer is not acceptable and the asking price remains substantially in excess of the highest University appraisal. T h e 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: R e s o l u t i o n A u t h o r i z i n g C o n d e m n a t i o n of P r o p e r t y a t 1303 W e s t S t o u g h t o n Street, U r b a n a , Illinois Be It, and It Is Hereby Resolved, Found, and Declared by this Board of Trustees of The Board of Trustees of the University of Illinois, a body corporate and politic and a public corporation of the State of Illinois, that the followingdescribed real estate situated in the County of Champaign, in the State of Illinois, to-wit: Lot Two (2) in Block Fifty-four (54) of the Seminary Addition to the City of Urbana, 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 part of the site for the proposed Mathematics Building, and for related 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 have been appropriated by the General Assembly of the State of Illinois for the purchase of said land for said educational purposes; that this Board of Trustees has negotiated with the owners of said land through their 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 this Board of Trustees of 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 owners of said property and they and it are unable to agree upon the purchase price to be paid to said owners for the sale and conveyance of said land by said owners thereof to said The Board of Trustees of the University of Illinois; and Therefore, Be It, and It Is Hereby Further Resolved, Found, and Declared by this Board of Trustees of The Board of Trustees of the University of Illinois that because of said need of the University of Illinois for said land for the purposes hereinabove set forth and because the compensation to be paid to the owners thereof for such land cannot be agreed upon between them and this Board of Trustees, it is necessary for The Board of Trustees of the University of Illinois