Repository: UIHistories Project: Board of Trustees Minutes - 1956 [PAGE 54]

EXTRACTED TEXT FROM PAGE:

1954]

UNIVERSITY OF ILLINOIS

51

Lot Five (5) in Lewis S. Colbert's Replat of lots 119, 120, 121 and part of Lots 115 and 118, in Highland Place Addition to the City of Champaign, situated in the city of Champaign, in the County of Champaign, in the State of Illinois.

On motion of Mr. Johnston, the sale of this property was authorized and the foregoing resolution was adopted by the following vote: Aye, Mr. Bissell, Mr. Grange, Mr. Herrick, Mr. Hickman, Mrs. Holt, Mr. Johnston, Mr. Livingston, Mr. Megran, Mrs. Watkins; no, none; absent, Mr. Nickell, Mr. Stratton.

SALE OF PROPERTY TO ALPHA TAU OMEGA FRATERNITY (2) Gamma Zeta Chapter of the Alpha Tau Omega Fraternity is interested in purchasing from the University a tract of land (50 feet by 186 feet) lying immediately south of its property on Pennsylvania Avenue adjoining the site of the Veterinary Clinic Building in order to expand its housing capacity. This will include a parking lot for the Veterinary Clinic from which the University can release an area 4254 feet by 186 feet without interference with the construction of the Clinic Building. The Building Program Committee believes that, in view of the increased enrollment and the need for increased student housing facilities, the area should be released to the Fraternity if it is planning to go forward with the construction at an early date. It is difficult to establish a price for land in this area since little use can be made of this property for other than development by the University. However, the Director of the Physical Plant and the Comptroller believe a price of $5,000 would be reasonable. (This is slightly less than 65 cents per square foot, approximately the price which was requested for a vacant lot in the housing area immediately east of Lincoln Avenue, close to the property now proposed for sale to the Fraternity.) A representative of a committee of the Fraternity, after considering the area which can be made available and the proposed price, has agreed to present the proposal to its Board at a meeting in November if the University Board of Trustees authorizes the sale. The Director of the Physical Plant and the Comptroller recommend the sale of this area at a price of $5,000. I concur and recommend that the Director of the Physical Plant and the Comptroller be authorized to continue negotiations on this basis. A resolution authorizing the sale will be submitted to the Board at a later date.

On motion of Mr. Hickman, negotiations for the sale of this property, as recommended, were authorized by the following vote: Aye, Mr. Bissell, Mr. Grange, Mr. Herrick, Mr. Hickman, Mrs. Holt, Mr. Johnston, Mr. Livingston, Mr. Megran, Mrs. Watkins; no, none; absent, Mr. Nickell, Mr. Stratton.

PURCHASE OF PROPERTY AT 1 2 0 4 WEST NEVADA STREET, URBANA (3) The Director of the Physical Plant, the Comptroller, and the Chairman of the Building Program Committee recommend purchase of the property at 1204 West Nevada Street, Urbana, for $32,000. This is a lot 50 by 137 feet and a two-story brick building containing two five-room apartments, each with enclosed porch, and a small attic apartment. The Director of the School of Music requests that the building be assigned to the School to relieve Smith Music Hall which is now overcrowded. I concur in these recommendations, and recommend that appropriations be made from the General Reserve Fund as follows: To the Physical Plant for Purchase and remodeling of property $35 000 Operation and maintenance 2 200 To the School of Music, for equipment 4 too Total $41 300 This property is within the area of future campus expansion. Its appraised value is $38,000, this appraisal having been made for the owner by a local realtor,