Repository: UIHistories Project: Board of Trustees Minutes - 1958 [PAGE 1173]

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1170

BOARD OF TRUSTEES

[March 11

These properties, together with adjoining properties already owned by the University in the 1000 and iioo blocks on the south side of West Green Street and 1000 and 1100 blocks on the north side of West Illinois Street, will be needed by the University as a site for men's residence halls (Stage 4 of the University's program for housing students, approved by the Board of Trustees in January, 1956). T h e frame building at 1013 West Green Street is now used by Mrs. Thompson as her personal residence and as a rooming house, housing five students. The frame building at 1101 West Green Street is presently used as a rooming house in which ten graduate women students reside. T h e large frame residence, converted to an apartment building, at 1104 West Green Street is rented by Mrs. Thompson to tenants, who in turn provide room and some boarding facilities for students. The properties have a total frontage on Green Street of 165 feet, and a frontage on Illinois Street of 75 feet. The 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 property owned by the University at i o n West Green Street. The Board of Trustees on December 17, 1957, authorized the institution of a proceeding in eminent domain for the acquisition of the properties after negotiations for purchase had failed because the owners were unwilling to sell except at a price which University officers could not recommend. Subsequently, negotiations were reopened and the owners are now willing to sell on these terms: price, $132,500 of which $39,500 shall be payable within twenty days after the agreements are executed and the balance of $93,000 on or before January 20, 1959, provided that at the option of the University the final balance may be paid in two equal installments of $46,500 each, one on or before January 20, 1959, and the other on or before January 20, i960; the sellers shall retain possession, rent free, until September 10, 1958; the sellers may remove certain shrubbery and landscaping from the premises at their expense, provided that it is removed prior to September 10, 1958; the sellers may remove the following equipment prior to September 10, 1958: from 1013 West Green Street •—two hot water radiators and one Ruud hot water heater, from 1101 West Green Street — one Ruud hot water heater, from 1104 West Illinois Street — two Ruud hot water heaters; the sellers shall assume the costs necessary to bring abstracts of titles up to date, shall pay all taxes levied for 1957 and prorated for 1958 for the entire period they occupy the premises; and shall provide insurance and maintain the buildings during the entire period of their occupancy. T h e price is within appraisals made of the properties and is consistent with the policy authorized by the Committee on Buildings and Grounds to govern negotiations for property acquisitions. Funds are available in the state capital appropriations for 1957-59 and hare been released by the Governor. I recommend the purchase of these properties at the price and on the terms stated above, and that the Comptroller and the Secretary of the Board be authorized to execute the necessary documents for the acquisition of the properties, subject to approval of titles by the Legal Counsel. The Committee on Buildings and Grounds is prepared to support this recommendation.

On motion of Mr. Williamson, the purchase of these properties, on the terms indicated, was authorized, and the Comptroller and the Secretary of the Board were authorized to execute the necessary documents. This action was taken by the following vote: Aye, Mr. Herrick, Mrs. Holt, Mr. Hughes, Mr. Johnston, Mr. Livingston, Mr. Nickell, Mr. Swain, Mrs. Watkins, Mr. Williamson; no, none; absent, Mr. Bissell, Mr. Stratton.

PURCHASE OF PROPERTY AT 101 1 WEST SPRINGFIELD AVENUE, URBANA (19) T h e Director of the Physical Plant Department and the Vice-President and Comptroller recommend the purchase of the property at 1011 West Springfield Avenue (southeast corner of Springfield Avenue and Harvey Street), Urbana,