The state Board of Regents unanimously approved a University of Iowa request to sell university property Thursday.

The UI will sell approximately 108.85 acres of farmland — located in Harrison County — to the Frank R. Krejci Revocable Trust for $535,808.

Proceeds from the sale will be used by the UI College of Engineering. In 2007, Lavina Thomas gave the estate to the engineering school.

The sale price was determined at a land auction hosted by the Farmers National Co. on Sept. 28. The UI will pay a 4 percent commission on the sale price to Farmers National for holding the auction and for advertising costs.

— by Dora Grote