Repository: UIHistories Project: Board of Trustees Minutes - 1920 [PAGE 588]

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584

BOARD OF TRUSTEES

[October 4,

In this connection, I call your attention to my statement on page 328 of the Board Minutes of May 16, 1919, in which it is shown that the increase in revenue from fees resulting from S. A, T. C. was $23,472.00. We have also retained for permanent University use certain items of equipment including 200 mattresses, 100 blankets and some articles of furniture. There is a small amount of equipment and supplies remaining to be disposed of, but the amount of realization on these items will not be large. Cordially yours,

LLOYD MOREY

This statement was received for record.

T H E WOMAN'S RESIDENCE HALL (37) ^ A report that the Acting President has given instructions as to the lines of division between the duties and responsibilities of the officers in charge of the Residence Hall.

This report was received for record.

LAND BOUGHT BY CHAMPAIGN CHAMBER OF COMMERCE (38) A letter from President J. M. White of the Champaign Chamber of Commerce. October 4, 1919 Acting President David Kinky, 355 Administration

DEAR SIR:

Building

The Champaign Chamber of Commerce has purchased lots 3, 4, 5 and 6, facing Armory Avenue just west of Fifth St., and lots 8, 9 and 10, facing Armory Avenue just east of Fifth St., believing that the University will some day want this property One of the corner lots had been purchased with the view of putting a store upon it. It will be impossible to handle the large crowds which will ultimately go to the Armory on the ordinary width streets, and provision should be made for a large open area at the south end of Fifth Street. The improving of this property would have postponed the possibility of this development, and the Chamber of Commerce has therefore taken the chance of buying it and will be glad to hold it until such time as the University can take title to it, but in the meantime would like to have sufficient returns to pay the carrying charges. The total frontage is 402.85 feet, and the cost to the Chamber of Commerce has been $18,539.16 which is $46.00 a front foot. To hold this property without cost the Chamber of Commerce should receive 6% on the investment plus taxes. The lots are available for tennis courts and it would be possible to put in eight courts as shown on the accompanying plan. To construct these and build suitable back stops will cost about $1,500.00. If the Chamber of Commerce should do this their investment in the property would be practically $20,000.00. If we build these courts can we rent the property to you, for 6% on our invesment plus the taxes? If you desire the co-operation of the Chamber of Commerce in acquiring other property the University needs, we shall be very glad to discuss the matter with you. Yours very truly,

JAMES M. W H I T E

President

On motion of Mr. Abbott, this proposal was accepted with thanks, and the Comptroller was authorized, to sign a long-term lease with privilege of purchase on the terms indicated.