Repository: UIHistories Project: Board of Trustees Minutes - 1944 [PAGE 244]

EXTRACTED TEXT FROM PAGE:

1943]

UNIVERSITY OF ILLINOIS

24I

ing bids: Transportation Building, $1,593; Mechanical Engineering Building, $627; Electrical Engineering Building, $1,249; Men's Old Gymnasium, $1,185. Funds are available in the current year's appropriation for Physical Plant Operation and Maintenance to do this work. Priority regulations make it possible to secure the necessary material, but the maximum amount which can be done in any one building is $i,ooo. Since in three cases the bids exceed this figure, it is proposed to reduce the cost in each of these cases below $1,000, making a total of $3,900 for the four buildings. The Director of the Physical Plant Department recommends, and the Comptroller concurs, that a contract for weather stripping be awarded to the Champaign Weather Strip Co. for $3,900 for work in the four buildings listed. I concur and recommend that the Comptroller and the Secretary of the Board of Trustees be authorized to execute such a contract, to be charged to the current year's appropriation for Physical Plant Operation and Maintenance. O n m o t i o n of M r . L i v i n g s t o n , t h e s e r e c o m m e n d a t i o n s w e r e a d o p t e d and a u t h o r i t y w a s g r a n t e d as r e c o m m e n d e d . LEGISLATION CHANGING SOUTHERN ILLINOIS NORMAL UNIVERSITY TO " U N I V E R S I T Y OF SOUTHERN ILLINOIS'" (24) A statement on the pending legislation changing Southern Illinois Normal University to "University of Southern Illinois." O n m o t i o n of M r . J e n s e n , t h i s m a t t e r w a s r e f e r r e d t o t h e C o m m i t tee o n G e n e r a l P o l i c y w i t h p o w e r t o a c t i n c o n f e r e n c e w i t h P r e s i d e n t Willard. INSURANCE ON MEDICINE, DENTISTRY, AND PHARMACY BUILDING (25) As required by the bond indenture, the University carries fire and extended coverage insurance on the Second Unit of the Medicine, Dentistry, and Pharmacy Building in the total amount of $1,160,600 on an 80% co-insurance basis. The sum of $249,600 is renewable February 14, 1943. Inquiries have been made among various agencies, and uniform rates have been quoted, the total amount of premiums varying slightly due to different methods of computation. Companies and agencies which are now carrying the insurance have made the lowest quotations. The Comptroller recommends that the insurance be renewed in present companies through the following agencies: A mount of Premium for Insurance Five Years Howard B. Hare, Chicago ?175 800 ?i 026 67 Burton and Trelease, Champaign 73 800 430 99 Total £249 600 $1 457 66 Funds are available in the Physical Plant Operation and Maintenance budget to cover this expenditure. O n m o t i o n of M r . D a v i s , t h i s r e c o m m e n d a t i o n w a s a d o p t e d . RETURNS ON GOVERNMENT CONTRACTS (26) T h e Comptroller reports that at the present time reimbursement in cash has been received for substantially all outlays made by the University on account of the Naval Training Schools, and that the accounts of all contract operations with the United States Government at this date show a cash balance in our hands. The amounts expended out of the State capital fund have been deposited in the University Income Fund in the State treasury, ear-marked for use for capital purposes only. As a result there is a net unassigned balance of about $401,000 in the capital appropriation of $640,000 for the biennium. Certain advances made out of Mini Union funds have also been recovered, with a sufficient amount to cover all cash outlays for operating expenses to date. M r . M o r e y c o m m e n t e d on this report, w h i c h w a s received for record.