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Caption: Board of Trustees Minutes - 1978
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90 BOARD OF TRUSTEES 2. F O U N D A T I O N shall pay all abstracting, title fees, and recording costs applicable to Tract A, and U N I V E R S I T Y shall pay all such costs applicable to Tract B. 3. Possession of Tract A shall be delivered to F O U N D A T I O N concurrently with the conveyances of title subject to the presently existing year-to-year lease which presently extends to June 30, 1977, and upon such delivery of possession, F O U N D A T I O N shall be entitled to all rental payments becoming due and payable thereafter. 4. Such other terms and conditions as said Comptroller and Secretary may deem necessary or desirable. It Hereby Is Further Resolved that upon compliance with terms of said agreement by F O U N D A T I O N , and in accordance with the terms thereof, said Comptroller and Secretary be, and they hereby are, authorized and directed to execute, acknowledge, and deliver, in the name, and in behalf of, this corporation, and under its Corporate Seal, a Warranty Deed and such other documents in connection therewith as said Comptroller and Secretary may deem necessary or desirable in order to convey to F O U N D A T I O N tide to the following-described property, viz.: Commencing at the intersection of the South line of University Avenue and the West line of McKinley Avenue in the City of Champaign, Illinois, thence West 132 feet, thence South 273.15 feet parallel to the West line of McKinley Avenue, thence East 132 feet parallel to the South line of University Avenue, thence North along the West line of McKinley Avenue 273.15 feet to the place of beginning situated in the City of Champaign, in the County of Champaign, and State of Illinois, commonly known as 1101 West University Avenue, Champaign, Illinois; and which property is hereinabove referred to as Tract A. T h e student advisory vote w a s : Aye, M r . Conlon, M r . Matthews, Mr. V o l g m a n ; no, none. O n motion of M r . Livingston, the foregoing resolution was adopted by the following v o t e : Aye, M r . Forsyth, M r . H a h n , Mr. Howard, M r . Lenz, M r . Livingston, M r . Neal, Mrs. Rader, M r . Velasquez; no, Mrs. Shepherd ; absent, Governor Walker. T h e r e being no further business, the Board adjourned. R. C. W I C K L U N D EARL L. N E A L Assistant Secretary President LUNCHEON GUESTS Guests of the Board a t luncheon included the deans of t h e schools and colleges at the Medical Center campuses.
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