Repository: UIHistories Project: Board of Trustees Minutes - 1938 [PAGE 5]

EXTRACTED TEXT FROM PAGE:

1936]

UNIVERSITY OF ILLINOIS

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and that if only one parcel can be purchased, it is desirable to acquire the property on West Green Street first.

On motion of Mr. Barrett, the purchase of the property on South Goodwin Avenue was authorized provided it could be secured for $6,500, and the appropriation was made from the General Reserve Fund, by the following vote: Aye, Mr. Barrett, Mr. Karraker, Mr. Mayer, Mrs. Plumb, Mr. Pogue; no, Mr. Barr, Mrs. Freeman; absent, Mr. Horner, Dr. Meyer, Mr. Wieland, Mr. Williams.

SERVICE BUILDING FOR COLLEGE OF AGRICULTURE (5) Revised bids on the scales and scale house or service building for the College of Agriculture will be received after this meeting. Since the Board will probably not meet until September, the Executive Committee should be authorized to award the contract for this work if the bids are acceptable, but the Board should indicate at this time what additional appropriation it is willing to make for this project. Approximately $9,000 is available in unused balances, but the complete project will probably cost at least $15,000 and possibly more. T h e first bids received totaled $18,003 for all items desired by the College of Agriculture.

On motion of Mr. Mayer, the construction of this building was authorized at a cost of not to exceed $14,000 (minor Agricultural Buildings, $4,200; unappropriated income of the Department of Animal Husbandry, $9,800), and the Executive Committee was authorized to award the contracts, by the following vote: Aye, Mr. Barr, Mr. Barrett, Mrs. Freeman, Mr. Karraker, Mr. Mayer, Mrs. Plumb, Mr. Pogue; no, none; absent, Mr. Horner, Dr. Meyer, Mr. Wieland, Mr. Williams.

APPROPRIATION FOR PAYMENT ON MEDICAL AND DENTAL BOND ISSUE (6) A recommendation that an appropriation of $43,000 be made from the General Reserve Fund to meet the payment due on the second unit of the Medical and Dental College Laboratories Building under the lease with the University of Illinois Foundation, during the fiscal year 1936-1937. T h e lease provides for annual payments of $86,000, but only one-half of this amount is due during the current year.

On motion of Mr. Barr, this appropriation was made, and the Comptroller was authorized and directed to deposit in a special fund as provided in the Indenture the amount required according to the terms of the Lease. The vote, was as follows: Aye, Mr. Barr, Mr. Barrett, Mrs. Freeman, Mr. Karraker, Mr. Mayer, Mrs. Plumb, Mr. Pogue; no, none; absent, Mr. Horner, Dr. Meyer, Mr. Wieland, Mr. Williams.

PAYMENTS ON CONTRACTS FOR MEDICAL AND DENTAL BUILDING (7) The payments which will be due on July 12 on the contracts for the construction of the second unit of the Medical and Dental College Laboratories Building will exceed by about $45,000 the balance available in the advance grant made by the Government. In the event that the balance of the grant for this project, or the proceeds of the bond issue, are not available in time, the Comptroller requests authority to conclude the July payments due in full by an advance from the University's general funds, this to be reimbursed from the