Repository: UIHistories Project: Board of Trustees Minutes - 1976 [PAGE 520]

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1976]

UNIVERSITY OF ILLINOIS

509

RECESS AND EXECUTIVE SESSION

Mr. Neal announced that an executive session had been requested and would be convened to consider reports on acquisition of property. Following a short recess, the Board reconvened in executive session and considered the following items of business. Mr. Summers moved that a roll call vote be taken, said roll call to be considered the roll call vote on each of the next two items, and that the Secretary be instructed to record such vote as the separate vote of each Trustee on each item. The student advisory vote was: Aye, Mr. Conlon, Mr. Summers, Mr. Szegho; no, none. This motion was adopted by the following vote: Aye, Mr. Forsyth, Mr. Hahn, Mr. Howard, Mr. Lenz, Mr. Livingston, Mr. Neal, Mrs. Rader; no, none; absent, Mrs. Shepherd, Mr. Velasquez, Governor Walker.

Acquisition by Condemnation of 1204 V* West California Avenue, Urbana

(20) The President of the University, with the concurrence of appropriate administrative officers, recommends adoption of the following resolution authorizing acquisition of the property at 1204V4 West California Avenue, Urbana, through condemnation proceedings. Funds for the acquisition are to be made available through the Capital Development Board. In addition, authorization for settlement of the condemnation suit is recommended if the acquisition can be completed at a price within the appraisals received by the University. The property consists of a commercial building on an irregularly shaped lot of 1,041 square feet. The University has been negotiating with the owner who has been advised that University representatives are willing to recommend to the Board of Trustees purchase of the property at a price of $31,500 based on appraisals received by the University. However, this price is not acceptable to the owner. The General Assembly has reappropriated $50,000 of Capital Development Bond funds in FY 1976 for this acquisition. These funds have been released by the Governor to the Capital Development Board. It is further recommended that the University of Illinois Foundation be requested to provide interim financing, if required, until funds for the acquisition are made available to the University.

Resolution Authorizing Condemnation of Property Located at 1204 V2 West California Avenue, Urbana, Illinois

Be It, and It Hereby Is Resolved, Found, and Declared by The Board of Trustees of the University of Illinois, a body corporate and politic and a public corporation of the State of Illinois, that the following described real estate situated in the County of Champaign, in the State of Illinois, to wit: All that part of the West Seventy (70) feet of Lot Thirteen (13) and the South Four (4) feet of the West Seventy (70) feet of Lot Fourteen (14) of Nina B. Bronson's Subdivision of Block One (1) of Nina B. Bronson's Subdivision of part of the East One Half (E W) of the Southwest Quarter (SW W) of the