Repository: UIHistories Project: Board of Trustees Minutes - 1978 [PAGE 44]

EXTRACTED TEXT FROM PAGE:

1976]

UNIVERSITY OF ILLINOIS

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($50,500.00) title'to the Heller Property hereinafter described shall vest in this public corporation; and Whereas this public corporation desires that the University of Illinois Foundation, a not-for-profit corporation of the State of Illinois, pay the amount of said award in accordance with the terms of said Judgment Order and lease said Heller Property to this public corporation and under the terms of which lease this public corporation shall be granted an option to purchase said Heller Property; and Whereas it is contemplated the University of Illinois Foundation at a meeting of its Board of Directors to be held on August 5, 1976, will authorize such payment to be made and such lease with option to be entered into upon title to said Heller Property being conveyed by this public corporation to it.1 Now, Therefore, Be It, and It Hereby Is, Resolved by the Board of Trustees of the University of Illinois, a public corporation of the State of Illinois, that upon payment of said award in accordance with the terms of said Judgment Order by the U N I V E R S I T Y O F I L L I N O I S F O U N D A T I O N , that the Comptroller and the Secretary of this public corporation, be, and they hereby are, authorized and directed, to execute, acknowledge, and deliver, in the name, and in behalf of, this public 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 the U N I V E R SITY O F I L L I N O I S F O U N D A T I O N title to the property hereinabove referred to as Heller Property and described as follows, viz.: Commencing at the Northeast Corner of the Southwest Quarter of Section (11), Township Eighteen (18) North, Range Eight (8) East of the Third Principal Meridian, Champaign County, Illinois; thence S 00° 43' 38" E along the East line of the Southwest Quarter of said Section 11, 1270.40 feet to the Southwesterly boundary line of the University of Illinois-Willard Airport for a true place of beginning; thence S 00° 43' 38" E along the East line of the Southwest Quarter of said Section 11, said line also being the Southwesterly boundary line of the University of Illinois—Willard Airport, 542.68 feet; thence N 44° 19' 14" W, 2566.08 feet to the North line of the Southwest Quarter of said Section 11, said line also being the southerly boundary line of the University of Illinois-Willard Airport; thence S 89° 15' 25" E along the North line of the Southwest Quarter of said Section 11. said line also being the Southerly boundary line of the University of IllinoisWillard Airport, 530.97 feet to the Southwesterly boundary line of the University of Illinois-Willard Airport; thence S 44° 17' 38" E along the Southwesterly boundary line of the University of Illinois-Willard Airport, 1797.18 feet, more or less, to the place of beginning, said tract containing 18.76 acres, more or less, all situated in the County of Champaign and State of Illinois.

The student advisory vote was: Aye, Mr. Cordon, Mr. Matthews, Mr. Volgman; no, none. On motion of Mr. Livingston, the foregoing resolution was adopted by the following vote: Aye, Mr. Forsydi, Mr. Hahn, Mr. Howard, Mr. Lenz, Mr. Livingston, Mr. Neal, Mrs. Rader, Mrs. Shepherd, Mr. Velasquez; no, none; absent, Governor Walker.

1

Authorization was subsequently given.