Repository: UIHistories Project: Board of Trustees Minutes - 1950 [PAGE 293]

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290

BOARD OF TRUSTEES

[March 10

POWER PLANT FOR CHICAGO PROFESSIONAL COLLEGES (4) A report on the negotiations to interest the Commonwealth Edison Company in building the necessary plant to supply steam and electricity for the Chicago Professional Colleges. Dr. I v y commented o n this matter. This report w a s received for record. SALE OF LAND TO Y . M . C . A .

At this point, Dr. Meyer requested the Secretary to read the following report of the Committee on the Chicago Departments on the sale of land to the Y.M.C.A. (Minutes, January 13, 1949, page 197).

A meeting of the Committee on Chicago Departments of the Board of Trustees of the University of Illinois was held at 12 o'clock noon on January 20, 1949, at Dr. Karl A. Meyer's apartment, Cook County Hospital, Chicago. Dr. Karl A. Meyer, Chairman, General Chester R. Davis, Mr. P a r k Livingston were present. Absent, Dr. Martin G. Luken. Also present were Dr. A. C. Ivy, Vice-President in charge of the Chicago Professional Colleges, and H . A. Hazleton, Business Manager of the Chicago Colleges and Divisions who acted as Clerk. 1. T h e Committee, after a discussion of the sale of certain parcels of land owned by the University in the Medical Center District to the Chicago Y.M.C.A., on motion of Mr. Livingston, seconded by Mr. Davis, voted to recommend that the following resolution be adopted: Resolved, A. That the Board of Trustees of the University of Illinois sell to the Y.M.C.A. of Chicago at a price of not less than $12,156.25 the following parcels of land subject to stipulations previously adopted by this Board: I 935~37 West Polk Street described as follows: Lots twelve (12) and thirteen (13) in Potter Palmer Subdivision of lot eleven ( i l ) and part of lot twelve (12) lying south of Polk Street in Codwise's Subdivision of the West Half of the southeast quarter of section eighteen (18) township thirty-nine (39) north, range fourteen (14) east of the third principal meridian in Cook County. 1949-53 West Polk Street described as follows: Lots eighteen (18), nineteen (19) and twenty (20) in Potter Palmer's Subdivision of lot eleven (11) and that part of lot twelve (12) lying south of Polk Street (except Winchester Avenue) in Codwise's Subdivision of the West half ( W J/2) of the southeast quarter ( S E Yx) of Section eighteen (18), Township thirty-nine (39) north, range fourteen (14), east of the third principal meridian, except the west 1.37 chains in Cook County, Illinois. The property at 1949-53 West Polk Street at the corner of Damen Avenue, was purchased November 28, 1939, at a price of $14,941.70. It contains 9,031.25 square feet and is offered at $1.00 per square foot, or $9,031.25. T h e reason for the difference in price is that the property when originally purchased contained some improvements, including a tavern, which were immediately demolished. T h e property is now vacant. T h e parcel at 1935-37 West Polk was purchased March 19, 1947, at a price of $2,107.62 and is offered for $3,125, or $.50 per square foot. B. That the sale of the property above described be on the condition that the Y.M.C.A. agree to erect and maintain on the above described land within five (5) years a building, four stories or more in height to provide among other facilities rooms for rental purposes and the further condition that the Y.M.C.A. agree to make available to students of the University of Illinois in Chicago as well as academic and nonacademic staff members employed by the University or affiliates of the University in Chicago an allotment of rooms for rental purposes comparable to the allotment now made in the present Congress Street Y.M.C.A. 2. On motion of Mr. Davis, seconded by Mr. Livingston, the Committee voted to recommend to the Board of Trustees of the University that the proceeds of the lands sold to the Y.M.C.A. be set aside by the Board of Trustees of the University for the purchase of other land within the Medical Center District.

K A R L A. MEYER, Chairman CHESTER R. D A V I S PARK LIVINGSTON M A R T I N G. L U K E N

H . A. HAZLETON, Clerk J a n u a r y 20, 1949