Repository: UIHistories Project: Board of Trustees Minutes - 1976 [PAGE 143]

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132

BOARD OF TRUSTEES

[December 18

Extension of Easement to Illinois Power Company, Urbana

(10) T h e President of the University, with the concurrence of appropriate administrative officers, recommends that an existing easement for a ten-inch gas main, across the property known as the Percival Farm, be extended to September 30, 1978. T h e easement currently expires on November 13, 1976. On November 10, 1966, the Trustees approved the granting of an easement for a twelve-inch gas main along the east right-of-way of the Illinois CentralGulf Railroad. Part of the consideration was that the company would abandon the ten-inch gas main described above, which is in the area of the Children's Research Center and the Firemanship Training Facility. Because of the energy crisis and the reduced availability of natural gas, the company has delayed plans to expand its natural gas delivery capabilities, and the continued use of the teninch gas main is desirable. T h e Power Company agrees to abandon or relocate the gas main prior to the end of the extension period at the sole expense of the company if requested to do so by the University. Extension of the easement will not interfere with University planning.

On motion of Mr. Howard, this recommendation was approved by the following vote: Aye, Mr. Forsyth, Mr. Hahn, Mr. Howard, Mr. Hughes, Mr. Livingston, Mrs. Rader, Mr. Swain; no, none; absent, Dr. Bakalis, Mr. Neal, Mr. Steger, Governor Walker.

Exchange of Farm Land in Douglas County, Illinois

(11) T h e University was given a remainder interest in a 120-acre Douglas County farm under the will of Everett B. Thompson, deceased, subject to successive life estates in the widow, Rose Thompson, and the son, Thomas Thompson, provided there are no issue of the son living at the time of the death of the last surviving life tenant. This farm lies between two tracts of land owned by the son. T h e life tenants have requested that the University's remainder interest in this 120-acre tract be exchanged for the same interest in a similar 120-acre tract owned by the son adjacent to and east of this farm. The exchange would be mutually advantageous to the parties, inasmuch as an appraisal indicates that the value of the two tracts is approximately the same. Accordingly, the President of the University, with the concurrence of appropriate administrative officers, recommends that this exchange be authorized and the following resolution adopted.

Resolution Authorizing [Exchange of Property in Douglas County, Illinois

Be It, And It Hereby Is, Resolved by T H E BOARD OF T R U S T E E S O F T H E U N I V E R S I T Y O F I L L I N O I S , a public corporation of the State of Illinois, that the Comptroller and the Secretary of this corporation be, and they hereby are, authorized for, and in the name of, and on behalf of, this corporation to enter into an agreement with Rose Marie Thompson, widow of, and Thomas Thompson, son of, Everett B. Thompson, deceased, providing for the exchange of the remainder interest acquired by this corporation under the Last Will and Testament of Everett B. Thompson, deceased, in the property hereinafter described and referred to as Tract A, for, and in consideration of the conveyance by Thomas Thompson to this corporation of, a like interest in and to Tract B described as follows, viz.: T h e East Half of the Southwest Quarter and the Southeast Quarter of the Northwest Quarter of Section 25, Township 16 North, Range 8 East of the Third P.M., Douglas County, Illinois.