Repository: UIHistories Project: Board of Trustees Minutes - 1952 [PAGE 443]

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540

BOARD OF TRUSTEES

[February 15

by the University in that house will be removed by and will remain the property of the University; the fraternity will clear the Fifth Street site of the ruins of its house. The proposed sale of the University's property at 805 West Pennsylvania Avenue to Sigma Alpha Mu fraternity is recommended by the Dean of Students, the Director of Housing, the Director of the Physical Plant, and the Comptroller, subject to completion of a mutually satisfactory contract covering the equitable interests of both parties as to insurance, taxes, down payment, and other considerations. The sale will accomplish the intent of the University to reconvert the property to student housing. The conditions requested by the Dean of the College of Veterinary Medicine as to possession and removal of University equipment will be met. I recommend that the property at 805 West Pennsylvania Avenue be sold under the terms and conditions specified and that the Comptroller and the Secretary of the Board be authorized to execute the necessary papers upon approval by all officials concerned. O n motion of M r s . W a t k i n s , the sale of this property on the terms recommended was authorized by the following vote: Aye, M r . Herrick, Mr. Hickman, Mr. Livingston, M r . McLaughlin, M r s . W a t k i n s , M r . Williamson; no, none; absent, M r . Fornof, M r s . Holt, Doctor Meyer, Mr. Nickell, Mr. Stevenson.

PURCHASE OF PROPERTY AT 5 0 1 S O U T H WRIGHT STREET, CHAMPAIGN

(14) The property at 501 South Wright Street, Champaign, has been offered for sale to the University for $20,000, the appraised value, subject to immediate acceptance. This property at the southwest corner of Springfield Avenue and Wright Street is a lot 99 feet by 66 feet and has on it a two-story and basement, eight-room frame residence with asphalt shingle roof. The building is used as a student rooming house. It is immediately east of the new State Water Survey Building and will eventually be needed for future expansion of the campus in that area. This property is strategically located for commercial use and if so developed it would cost much more to acquire later. The Director of the Physical Plant, the Comptroller, and the Chairman of the University Building Program Committee recommend acquisition of this property. I concur and request that an appropriation of $20,000 be made from the General Reserve for this purpose. On motion of M r . Livingston, the purchase of this property was authorized and an appropriation of $20,000 was made, as recommended, by the following vote: Aye, M r . Herrick, M r . Hickman, M r . Livingston, M r . McLaughlin, M r s . Watkins, M r . Williamson; no, none; absent, M r . Fornof, M r s . Holt, Doctor Meyer, M r . Nickell, M r . Stevenson.

RELEASE OF FUNDS FOR BUILDINGS AND OTHER CAPITAL IMPROVEMENTS

(15) The Governor has approved the following releases of funds from appropriations made to the University of Illinois for 1949-1951 for buildings and other capital improvements: Release No. 57 "For Permanent Improvements at Urbana-Champaign — Construction of extensions to the Utility Distribution Systems" $60 000 This is a partial release from an appropriation of $375,000. The Governor has previously released (Releases Nos. 12, 37, 39, 41, and 52) $287,650 from this appropriation. The funds now released are for the modernization of the transformer vaults in Talbot Laboratory and Altgeld and Harker Halls.