Caption: Board of Trustees Minutes - 1974 Version B
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84 BOARD OF TRUSTEES [September 20 COMMUNICATIONS REQUEST FOR APPEARANCE BEFORE THE BOARD Mr. Hughes announced that the Secretary had received a request from the United Christian Fellowship organization in Champaign-Urbana to make a presentation to the Trustees at the same time that representatives of the Urbana Senate are scheduled to make such an appearance, in each case on the subject of credit for courses taught by the religious foundations. On motion of Mr. Steger, the Board approved the request as submitted. SECRETARY'S REPORT The Secretary presented for record appointments to the faculty and changes of status made by the President; resignations; a termination ; declinations and resignations of summer appointments; leaves of absence; and retirements. A copy of the report is filed with the Secretary. ANNOUNCEMENTS F U T U R E MEETINGS Mr. Hughes announced the schedule for the next three meetings of the Board: October 18, Chicago Circle campus; November 17, UrbanaChampaign campus; December 20, Allerton Park, Monticello, Illinois. RECESS Mr. Hughes announced that the regular meeting would be recessed for a meeting of the Committee on Buildings and Grounds. He also announced that an executive session had been requested and would be convened after the meeting of the Committee on Buildings and Grounds to consider reports and recommendations relating to acquisition of property. EXECUTIVE SESSION When the Board reconvened in executive session, the same members of the Board, officers of the Board, and officers of the University as recorded at the beginning of these minutes were present. LEASING LAND W I T H OPTION TO PURCHASE FOR PEORIA S C H O O L OF MEDICINE (34) T h e President of the University, with the concurrence of appropriate administrative officers, recommends entering into an agreement to lease 25.827 acres of land owned by the Peoria Cemetery Company in the north portion of the Parkview Cemetery property at the intersection of Interstate Route 74 and Gale Avenue, Peoria, for the Peoria School of Medicine. The agreement would provide for: T h e leasing of 20.827 acres of land for a one year period at an annual rental of $8,000 with the option to extend this lease upon the same terms and conditions for two additional single year periods, plus the further option to purchase this land at a price of $200,000 during any of the lease periods. Any option or lease monies paid will be applicable to the purchase price. The leasing of five acres of land for a one year period at an annual rental of $2,000 with the option to extend this lease upon the same terms and conditions for two additional single year periods, plus the further option to purchase this land at a price of $75,000 during any of the lease periods. Any lease monies paid will be applicable to the purchase price. Funds for the annual lease payments will be made available from non-State funds of the College of Medicine.
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