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Caption: Board of Trustees Minutes - 1950
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498 BOARD OF TRUSTEES [July 28 appraiser to determine its market value, and to employ a real estate broker to negotiate with prospective purchasers, and report its recommendations to the Board. On motion of adopted. Mr. Livingston, these recommendations were SALE OF INTEREST IN DRIVEWAY AT 1 0 0 7 SOUTH WRIGHT STREET (5) In purchasing the property at 1007 South Wright Street, Champaign (Minutes, October 30, 1947, page 882), the University acquired one-half of a driveway serving both its property and that of the Pi Beta Phi Sorority adjoining it on the north. Joint use of this driveway is impractical, and a drive to meet University needs has been provided on another part of the property. The P i Beta Phi Sorority has requested the University to sell its part of this drive at a recently appraised value of $2,000, or $500 a front foot. Sale of the south half of the driveway will not materially affect future permanent construction on this land by the University. The Director of the Physical Plant Department and the Comptroller recommend the sale. I concur and request that the Comptroller and the Secretary of the Board be authorized to execute a deed of conveyance of the area, described as follows, for a consideration of $2,000: The North Four (4) Feet of the following: Commencing at a point 10 rods North and Sixty-six (66) Feet West of the Southeast corner of the Northwest Quarter of Section Eighteen (18), Township Nineteen (19) North, Range Nine ( 9 ) , East of the Third Principal Meridian, running thence West One Hundred Seventy-four and one-half (174^2) Feet, thence North Ninety-four (94) Feet, t h e n c e E a s t One Hundred Seventy-four and one-half (174^2) Feet, thence South Ninety-four (94) Feet to the place of beginning. The proceeds will go into the general funds of the University. On motion of Mr. Nickell, this sale was authorized as recommended, by the following vote: Aye, Mr. Herrick, Mr. Hickman, Mrs. Holt/Mr. Livingston, Mr. McLaughlin, Dr. Meyer, Mr. Nickell, Mr. Williamson; no, none; absent, Mr. Fornof, Mr. Stevenson, Mrs. Watkins. RELEASE OF FUNDS FOR BUILDINGS AND CAPITAL IMPROVEMENTS (6) The Governor has authorized the following release of funds from the appropriation made to the University of Illinois for 1947-1949 under "An Act making appropriations for certain additional ordinary, contingent, and distributive expenses of State government," which includes appropriations totaling $12,994,732 to the University for buildings and other capital improvements: Release No. 574 "For contingencies to cover expenditures for purposes for which the amount appropriated in any item above enumerated is or becomes insufficient (total appropriation, $618,845) $78 000" T o augment Releases Nos. 35, 326, and 327 for the construction of student and staff apartments. A release of $48,405 from this same item previously authorized to supplement funds for the construction of student residence halls, not now needed for that project, has been cancelled by the Governor at the request of the University. A report was made to the Board on June 25 that the Governor had been asked to approve this new release of $78,000 to supplement funds for the construction of student and staff apartments. I recommend that the Board appropriate this fund for the construction project. On motion of Mr. Nickell, this appropriation was made as recommended, by the following vote: Aye, Mr. Herrick, Mr. Hickman, Mrs. Holt, Mr. Livingston, Mr. McLaughlin, Dr. Meyer, Mr. Nickell,
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