Repository: UIHistories Project: Board of Trustees Minutes - 1958 [PAGE 1018]

EXTRACTED TEXT FROM PAGE:

1957]

UNIVERSITY OF ILLINOIS

IOI5

provide room and some boarding facilities for students. The property has a total frontage on Green Street of 164.25 feet, more or less, and a frontage on Illinois Street of 75 feet. T h e depth on the western boundary is approximately 293 feet. The total depth of the properties which adjoin north and south between Green Street and Illinois Street is about 462 feet. Another adjoining tract 66 feet by 60 feet extends south of the property owned by the University at 1011 West Green Street. After careful appraisal of this property by University appraisers, negotiations have been conducted by officers of the University with Mr. and Mrs. Thompson and with real estate agents who purport to represent both Mrs. Thompson and her husband, Finney W. Thompson, with the view toward the ultimate acquisition of these properties by the University. Several conferences with the representatives of Mr. and Mrs. Thompson have been held, with Mr. and Mrs. Thompson personally, and it is now established that Mr. and Mrs. Thompson and the University can not agree on the amount of compensation to be paid to them for these properties. Mr. and Mrs. Thompson are unwilling to sell to the University, except at prices which the University officers deem decidedly exorbitant and excessive. It is therefore necessary to request that the Board of Trustees resort to its right of eminent domain in order to acquire title to this property at a fair and reasonable price, and the Vice-President and Comptroller, the Director of the Physical Plant Department, and the Legal Counsel so recommend. I concur and recommend adoption of the following resolution. Resolution It is hereby resolved, found and declared by The Board of Trustees of the University of Illinois that the following described real estate, situated in the City of Urbana, County of Champaign and State of Illinois, viz.: All of Lot Nine (9) of W . M. Goodwin's Addition to the City of Urbana, except therefrom the East 60 feet thereof, and also except therefrom the South 200 feet thereof; and T h e East Half ( E y2) of Lot Ten (10) of W. M. Goodwin's Addition to Urbana, except the South 168 feet thereof; and Commencing at the Southwest corner of Lot Nine (9) of W . M. Goodwin's Addition to Urbana, Illinois, running thence East on the North line of Illinois Street 75 feet, thence North 175 feet, thence West 75 feet, thence South on the West line of said Lot Nine ( 9 ) , 175 feet to the place of beginning; and Beginning at a point 175 feet North of the Southwest corner of Lot Nine (9) of W . M. Goodwin's Addition to Urbana, Illinois, thence North 25 feet, then East 8 9 ^ feet, thence North 41 feet to the Southwest corner of a tract of land formerly owned by Lucie H . Parr, thence East 60 feet, thence South 66 feet, thence West 149^4 feet to the place of beginning. is needed by the University of Illinois, an educational institution, established and supported by the State of Illinois, as the site for a building needed and to be constructed by said University for educational purposes and to enable said University to discharge its duties to the people of said state and for public use; that funds available for the purchase of said land have been appropriated to The Board of Trustees of the University of Illinois by the General Assembly of the State of Illinois; that this Board of Trustees has negotiated with Lena M. Thompson, the owner of said land and Finney W. Thompson, her husband, and with their duly authorized representatives for the purchase of said land at a price which this Board of Trustees considers fair and reasonable and which it finds constitutes the present market value of said land, but they have refused to sell and convey the land to T h e Board of Trustees of the University of Illinois for such price and continue to refuse to sell and convey the same to it except for a consideration and price which this Board of Trustees deems excessive and exorbitant and is unwilling, and has refused to pay theTefor; and It is further hereby resolved, found and declared by said T h e Board of Trustees of the University of Illinois that the compensation to be paid by it for said land cannot be agreed upon between this Board of Trustees and said Lena M. Thompson and she and it are unable to agree upon the purchase price