Repository: UIHistories Project: Board of Trustees Minutes - 1964 [PAGE 947]

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902

BOARD O F TRUSTEES

[October 26

Tract B — Approximately eighty acres east of the original forty-one acres described a s : The South Half (S1/2) of the Northeast Quarter (NEV4) of Section 2, Township 18 North, Range 7 East of the Third Principal Meridian. T h e owner will sell for $64,000 and give immediate possession to the University. The prices are the lowest prices for which the properties can be acquired without condemnation proceedings and the resulting costs thereof. Funds are available from undistributed indirect costs received under Navy contracts. The Vice-President and Comptroller recommend that the Board authorize the purchase of the above two properties at the prices and terms outlined above. I concur.

On motion of Mr. Swain, these purchases were authorized by the following vote: Aye, Mr. Clement, Mr. Billiard, Mr. Hughes, Mr. Johnston, Mr. Pogue, Mr. Swain, Mrs. Watkins, Mr. Williamson; no, none; absent, Mr. Kerner, Mr. Page.

ACQUISITION OF PROPERTY AT 6 0 3 EAST DANIEL STREET, CHAMPAIGN. ILLINOIS (3) T h e Board has authorized and the University is in the process of acquiring by condemnation the property at 60S East Daniel Street, Champaign (commonly referred to as the Cosmopolitan Club). The adjoining property at 603 East Daniel Street, Champaign (commonly referred to as the Thunderbird Restaurant property) is also required for the University's campus expansion and is under common ownership with the Cosmopolitan Club. Officials of the University have carefully reviewed the various alternatives available to the University with regard to the acquisition of the Thunderbird property and have concluded that: (1) funds are now available which can be budgeted for this purpose; (2) if it is necessary to institute condemnation proceedings on this property, it would be desirable to consolidate such proceedings with the pending Cosmopolitan Club condemnation; and (3) the acquisition of the property at this time would be in the best interests of the University. The Thunderbird property consists of a lot 43.68 feet frontage on Daniel Street by 73 feet deep, and is improved with a restaurant occupying most of the land area. The original building was a three-story and basement frame rooming house to which has been added a frame dining room two stories high, a one-story masonry side entrance, and a second-story addition at the rear of the property used as a dining room. T h e basement has been remodeled into a "rathskeller." The Director of the Physical Plant and the Vice-President and Comptroller recommend that the Board of Trustees authorize the acquisition of this property by negotiation at a price not to exceed $100,000. They further recommend that if the University is unable to acquire the property by negotiation, the Board authorize the Executive Committee to adopt a resolution for institution of condemnation proceedings for the acquisition of this property. This resolution was distributed to the members of the Board of Trustees, and a copy was filed with the Secretary of the Board for record. Funds are available in the state capital appropriations to the University for 1963-65 from the Universities Building Fund. I concur.

On motion of Mr. Johnston, the foregoing recommendations were approved and authority was given as requested; this action was taken by the following vote: Aye, Mr. Clement, Mr. Dilliard, Mr. Hughes, Mr. Johnston, Mr. Pogue, Mr. Swain, Mrs. Watkins, Mr. Williamson; no, none; absent, Mr. Kerner, Mr. Page.

ACQUISITION OF FARMLAND IN LA SALLE COUNTY (4) In 1955, Miss Laura Weber gave to the University 640 acres of farmland in La Salle County. Included in the gift is a 160-acre farm in Waltham Township, north of Utica. On November 21, a 160-acre farm which adjoins this farm will be sold at public auction by the administrator of an estate. It is desirable for the