Repository: UIHistories Project: Board of Trustees Minutes - 1944 [PAGE 465]

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462

BOARD OF TRUSTEES WAGES OF JANITORS, LABORERS. AND DRIVERS

[July 28

Mr. Jensen, for the Committee on Civil Service and Employees, presented a recommendation that the following recommendations of the faculty Civil Service Committee be approved and adopted.

1. It is recommended to the Board of Trustees that the Urbana janitors be transferred from the Cost of Living group to the Prevailing Rate group under the Salary and Wage Policy approved by the Board of Trustees for the 19431945 biennium, and that they be paid the same rate as Class B Common Labor in Champaign-Urbana, and that their wage adjustments upward or downward be the same as the prevailing rate paid to Class B Common Labor in Champaign-Urbana, effective July 1, 1943. 2. It is recommended that this Committee advise the Board of Trustees that farm laborers at the University of Illinois are paid a sub-standard wage and recommend to the Board of Trustees that they authorize further increases for this group so long as they are within the established Civil Service wage ranges of $100 to $165 per month. 3. It is recommended that employees classified as "Drivers" be removed from the Cost of Living group under the Salary and Wage Policy adopted by the Board, and placed in the Prevailing Rate group, and that they be paid the local prevailing rate for drivers of 8o0 an hour less 9.8% of this rate for perquisites granted by the University, leaving a net rate of 73^ an hour.

On motion of Mr. Jensen, these recommendations were approved and adopted.

REFINANCING 1LLINI HALL AND ARCADE BUILDING

The Comptroller presented the following recommendation for refinancing the indebtedness on Illini Hall and the Arcade Building.

PREPAYMENT OF ILLINI H A L L AND ARCADE BUILDING BONDS or THE UNIVERSITY OF ILLINOIS FOUNDATION

T h e University appropriation bill for the coming biennium, which has now been approved by the Governor, contains an item of $115,000 for the retirement of outstanding bonds on the Illini Hall (Student Center) and Arcade Building. These bonds are redeemable on June 15, 1944, at 1 0 1 ^ . I have discussed with Farwell, Chapman, and Company, who were the lowest bidders on the issue when sold, and with the Trust Department of the Continental Illinois National Bank and Trust Company, trustees, the possibility of redeeming the bonds at an earlier date if a saving can be effected. Farwell, Chapman, and Company have proposed that we offer to redeem the bonds on or after August 1, 1943, at the redemption price with accrued interest to February 1, 1944. If this is done, they will solicit holders to present their bonds for redemption on this basis, which action would be entirely voluntary on their part. T h e trustee advises that, upon receipt of the funds for redemption and a letter authorizing them to take up such bonds on this basis, it will act accordingly. It also suggests that the immediate cancellation of bonds when purchased in this manner be authorized. Whenever all of the bonds are acquired and canceled in this manner, a release of the mortgage will be furnished. T h e matter has also been submitted to the Executive Committee of the University of Illinois Foundation, by which the bonds were issued.

On motion of Mr. Davis, this plan of refinancing the indebtedness on these buildings was authorized.

ALLERTON SCHOLARSHIPS T h e S e c r e t a r y p r e s e n t e d a l s o f o r r e c o r d t h e f o l l o w i n g a w a r d of scholarships: W a r r e n R. Pesci and John E. Barthel, Allerton American Traveling Scholarships in Architecture, each with a stipend of $400. (Appointments made by the President July 6, 1943).