Repository: UIHistories Project: Board of Trustees Minutes - 1990 [PAGE 480]

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468

BOARD OF TRUSTEES

[February 13

Establishment of Quasi-Endowment, Urbana (Pauline Dillon Gragg Trust)

(6) Pauline Dillon Gragg 1 died on May 23, 1989, leaving a trust naming the University of Illinois as beneficiary of a remainder interest in her estate. T h e amount of the bequest was approximately $610,000. T h e purpose of the bequest designated by the donor is to provide scholarship grants to deserving students majoring in English in the name of Wilson Barr Gragg and Pauline Dillon Gragg. T h e head of the Department of English has proposed the establishment of a quasi-endowment with all of the funds from the Gragg trust. T h e income would be used to support scholarship grants to deserving students majoring in English in accordance with the terms of the bequest. T h e chancellor at Urbana and the vice president for business and finance have recommended the establishment of the quasi-endowment for the purposes described. I concur.

On motion of Dr. Bacon, this recommendation was approved. By consensus, the board agreed that one roll call vote would be taken and considered the vote on each agenda item nos. 7 through 16 inclusive. The recommendations were individually discussed but acted upon at one time. (The record of board action appears at the end of each item.)

North Tower Renovation (Phase I), Neuropsychiatric Institute, Chicago

(7) On October 10, 1991, the Board of Trustees was advised that the College of Medicine and the Chicago campus had identified funds to finance the remodeling of the fourth and fifth floors in the north tower of the Neuropsychiatric Institute building at a project cost of $2.5 million. On February 6 and 10, 1992, bids were received for the initial phase of the north tower renovation which consists of the remodeling of the fourth and fifth floors of this building, and upgrading and installing new mechanical systems for the entire north tower. T h e fourth floor will consist of a patient examination room, faculty offices, and a conference room. T h e fifth floor will consist of microsurgery, microanatomy, molecular genetics, genetics, general research, and computer laboratories. Accordingly, the president of the University, with the concurrence of the appropriate administrative officers, recommends the award of the following contracts for the north tower renovation (Phase I), Neuropsychiatric Institute project at the Chicago campus. T h e award of contracts is based on the low bid received, plus acceptance of the indicated alternates. Division I — General E. W. Corrigan Construction Company, Oak Brook

.Base Bid Alt. #1.. Alt. #2.. Alt. #4.. Alt. #5.. Alt. #6.. Alt. #7..

$774 24 66 3 29 9 55

000 690 000 750 500 800 500 $ 963 240

Pauline D. Gragg earned a B.S. degree in commerce in 1925. Wilson Barr Gragg earned an A.B. degree in LAS in 1936.

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