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Caption: Board of Trustees Minutes - 1976
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170 BOARD OF TRUSTEES REGULAR MEETING RECESSED FOR MEETING OF BUILDINGS AND GROUNDS COMMITTEE President Hughes announced that the regular meeting would be recessed for a meeting of the Committee on Buildings and Grounds. H e also announced that an executive session had been requested and would be convened after the Committee meeting to consider recommendations relating to acquisition of property. EXECUTIVE SESSION When the Board reconvened in executive session the same members of the Board recorded at the beginning of these minutes were present. Acquisition of 507 South Goodwin Avenue, Urbana (25) The President of the University, with the concurrence of appropriate administrative officers, recommends the acquisition of the property at 507 South Goodwin Avenue, Urbana, at a price of $60,000, contingent upon funds being made available through the Capital Development Board. Title will be vested in the Board of Trustees. The property is improved with a one-story commercial building. The total size of the property is 38'x 120' (4,560 square feet). The improvements will be demolished and temporary parking facilities constructed to replace a portion of those lost by the construction of the Basic Medical Sciences Building. Funds were reappropriated to the Capital Development Board from the Capital Development Bond fund for the University in FY 1975 and have been released by the Governor. The University has received the following appraisals: Dick Cisne $58 500 C. B. Younger $56 000 O n motion of Mr. Swain, this recommendation was approved by the following vote: Aye, Mr. Forsyth, Mr. H a h n , M r . Hughes, Mr. Livingston, Mr. Neal, Mrs. Rader, Mr. Steger, Mr. Swain; no, none; absent, M r . Howard, Governor Walker. There being no further business, without objection, Mr. Hughes declared the meeting adjourned. EARL W. PORTER EARL M . HUGHES Secretary President LUNCHEON GUESTS Guests of the Board at luncheon included a number of faculty and students from the Medical Center campus.
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