Repository: UIHistories Project: Board of Trustees Minutes - 1954 [PAGE 1358]

EXTRACTED TEXT FROM PAGE:

1954]

UNIVERSITY OF ILLINOIS

1355

1. 207 West Washington Street, Urbana. University purchase price, $15,000; date of purchase, 1048; appraisal valuation, $15,500; sale price, $15,500; purchaser, Paul L. and Gerd B. Young. Legal description: Lot seven (7) in Block One (1) of Van Doren's Addition to the City of Urbana, situated in the City of Urbana, in the County of Champaign and State of Illinois. 2. 313 West Avondale, Champaign. University purchase price, $7,759.15; date of purchase, January, 1947; appraisal valuation, $8,500; sale price, $8,500; purchaser, Allen R. and Lottie M. Hickman. Legal description: All of Lot Seventy-three (73) except the West seventeen and sixty-five one-hundredth (17.65) feet thereof of Avondale Place being a portion of Lot Five (5) of the subdivision of the South one-half ( S l/t) of Section Thirteen (13), Township (19) North, Range Eight (8) East of the Third Principal Meridian, situated in the City of Champaign in the County of Champaign in the State of Illinois. 3. 701 West Delaware Avenue, Urbana. University purchase price, $28,500; date of purchase, 1948; appraisal valuation, $26,650; sale price, $28,500; purchaser, Ralph F. Lesemann. Legal description: Lot 119 of University Heights Addition. While the property at 701 West Delaware Avenue is appraised at less than the University's investment, Mr. Lesemann is willing to purchase the property at the higher amount. There are some substantial expenditures for maintenance and improvement required for which Mr. Lesemann is willing to reimburse the University, in addition to paying the sale price recommended. 4. 710 West Indiana Avenue, Urbana. University purchase price, $17,000; date of purchase, 1948; appraisal valuation, $15,000; sale price, $16,000; purchaser, Patricia F. and Murray Horwitz. Legal description: Lot Sixty-three (63) in Lincoln Place in the City of Urbana, Illinois. While the appraisal for the property at 710 West Indiana Avenue was $15,000, the property was offered for sale at $16,000, and Mr. and Mrs. Horwitz have agreed to this price. The Director of the Physical Plant and the Comptroller recommend these sales. I concur and recommend that the Comptroller and the Secretary of the Board be authorized to execute the necessary documents.

On motion of Mr. Nickell, the sale of these houses at the prices recommended and the execution of the necessary documents, including warranty deeds to the purchasers, by the Comptroller and the Secretary of the Board were authorized by the following vote: Aye, Mr. Bissell, Mr. Herrick, Mr. Hickman, Mrs. Holt, Mr. Johnston, Mr. Livingston, Mr. Megran, Mr. Nickell, Mrs. Watkins; no, none; absent, Mr. Grange, Mr. Stratton.

APPROPRIATIONS BY THE ATHLETIC ASSOCIATION (16) The Board of Directors of the Athletic Association has made assignments of funds from the Association's reserve for the purchase of an eight-passenger Chrysler suburban, a replacement, $2,631, and for rebuilding the walls of the Memorial Stadium, $14,000. Approval of the Board of Trustees is required, and I so recommend.

On motion of Mr. Johnston, the action of the Board of Directors was approved.

CONTRACT FOR DUMBWAITER INSTALLATION IN LAW BUILDING (}7) The Director of the Physical Plant and the Comptroller recommend award ot a contract for $3,750 to the Fairhall Elevator and Machine Company, Danville, Illinois, the lowest bidder, for the dumbwaiter installation in the library of the new Law Building. , Funds are available in the state appropriation for the construction of this building and have been released by the Governor. I concur and recommend that the Comptroller and the Secretary of the Board be authorized to execute this contract.