Repository: UIHistories Project: Board of Trustees Minutes - 1950 [PAGE 316]

EXTRACTED TEXT FROM PAGE:

1949]

UNIVERSITY OF ILLINOIS

313

thereof, are deemed impracticable to be administered and used for the purpose of promoting agricultural education and for founding scholarships, and that the action of said Executors above mentioned is hereby ratified and approved and, in view of the fact that the consideration therefor paid by said purchaser has been received by said Executors, that the President and Secretary execute, acknowledge, and deliver, for and on behalf and in the name of the Board of Trustees of the University of Illinois, a deed to said property and interests in the form now before this meeting; conveying The leasehold estate created by that certain lease from the Eagle River Fishing and Shooting Club to George E. Nye, demising and leasing for a term of ninety-nine years, Lot Five (5) in Section Two ( 2 ) , Township Forty-one (41) North, Range Twelve (12) East of the Fourth Principal Meridian, otherwise described a s : Commencing at the Southwest corner of said Section Two (2) and thence East along the Section line between said Section Two ( 2 ) and Section Eleven (11) in said Township and Range, a distance of two hundred (200) feet; thence North to Sand L a k e ; thence in a Southwesterly direction to where the Section line between said Section Two (2) and Section Three (3) in said Township and Range intersects Sand L a k e ; thence South along said Section line to the point of beginning. Also All right, title, and interest in and to that certain easement for use as a highway over, across and upon the Northwest quarter of Section Eleven (11) in the Township and range aforementioned reserved by Vinnie C. Nye in her deed conveying the premises last mentioned to the Government of the United States of America, recorded in Deed Book 64, page 554. On motion of Mr. Fornof, the resolution was adopted.

K E N N E Y E. WILLIAMSON, J O H N R. FORNOF PARK LIVINGSTON Chairman

H. A. HAZLETON, Clerk

CHICAGO HOUSING PROJECTS

On motion of Mr. McLaughlin, the Board reconsidered and rescinded its resolution of October 21, 1948 (Minutes, page 136), with reference to the Chicago housing projects, and adopted the plan and method of procedure contained in item 1, parts 1 to 10 inclusive, of the minutes of the Executive Committee of March 29, 1949.

SMALL HOMES COUNCIL HOUSING RESEARCH PROJECT

The Legal Counsel reported that he had received information that the lowest bidders on general work for the Housing Research Project had not supplied, and probably could not, because of other commitments, supply a bond within thirty days from the opening of bids. On motion of Mr. Livingston, the Board voted to authorize the Director of the Physical Plant Department to reject all other bids for general work and to advertise for new bids for general work on the Housing Research Project, with fifteen-day limit, if the lowest bidder should fail to supply a satisfactory bond within thirty days from the opening of the bids. On motion of Mr. Fornof, the Comptroller was authorized to extend the amortization period of the loan for this project to twenty years if necessary.

CONVEYANCE OF EASEMENT

On motion of Mr. Fornof, the action of the Executive Committee in executing a conveyance of land and easement to right-of-way in Wisconsin (part of the estate of the late Harry G. Wright) was approved and confirmed.