Repository: UIHistories Project: Board of Trustees Minutes - 1948 [PAGE 217]

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BOARD OF TRUSTEES

[January 25

MATTERS PRESENTED BY PRESIDENT STODDARD

The Board considered in executive session the items on the agenda and took action on the following matters presented by the President of the University.

ADDITIONAL APPROPRIATION FOR PURCHASE OF CLARK PROPERTY (1) On June 30, 1945 (Minutes, page 506), the Board of Trustees approved the purchase of the so-called Clark property in Urbana adjoining the property at the corner of Goodwin and Green Streets (Fay property) acquired for the apartment building project. At that time it was expected that the property could be secured for $25,000, and an appropriation providing this amount was made. There was an appropriation of $60,000 for the Fay property but only $55,095 was required. A further resolution indicating the necessity of this purchase was approved by the Board on August 29, 1945 (Minutes, page 633), this resolution being necessary to enable the Conservator for the owner of the Clark property to apply for a permit to sell. T h e court has made an independent survey of the value of this property, as a result of which it appears that the cost will be between $35,000 and $40,000. T h e Director of the Physical Plant Department and the Comptroller feel that this addition is necessary to provide the minimum amount of ground necessary for the apartment project and request an additional appropriation of $10,000, or so much thereof as may prove to be necessary, which, together with the unused balance from the Fay property, should be sufficient to cover the outside possible cost of the Clark property. I concur and recommend such an appropriation from the General Reserve Fund.

On motion of Mr. Davis, this matter was referred to the Committee on Buildings and Grounds for consideration and recommendation to the Board.

PURCHASE OF KNIPP PROPERTY

(2) A recommendation from the Faculty Committee on Special Appropriations and Nonrecurring Expenditures that the residence of Professor C. T . Knipp at 1003 West Nevada Street, Urbana, be purchased, and that an appropriation of $20,000, or so much thereof as may be necessary, be made for the purchase and remodeling of this property. This property is in the range of development of future women's residence halls, being two properties removed from our present holdings and immediately adjoining the forestry on the north. T h e original price asked was $22,000, but a tentative offer of $19,000 was made by University representatives, which offer the owners have indicated they would accept. T h e price is reasonable as compared with other purchases made by the University. It is proposed to use this property for the remainder of 1047 and to September, 1948, for faculty housing. At that time it will be assigned to the Bureau of Educational Research, since by that time the Bureau must be found a new location to replace its present location in Gregory Hall which will be required for other purposes.

On motion of Mrs. Grigsby, this matter was referred to the Committee on Buildings and Grounds for consideration and recommendation to the Board (see page 219 below).

SALE OF LAND IN ROSELAWN CEMETERY (3) The Board of Trustees has approved disposing of the University's holdings in Roselawn Cemetery at a price sufficient to recover the University's investment and expenses incurred in holding the property, and has referred the matter to the Finance Committee, which reports as follows: The Board of Trustees has referred to the Finance Committee for recommendation the problem of disposing of land owned by the University in Roselawn Cemetery near Champaign, The Board had previously indicated that the