Repository: UIHistories Project: Board of Trustees Minutes - 1936 [PAGE 784]

EXTRACTED TEXT FROM PAGE:

I936]

UNIVERSITY OF ILLINOIS

781

SECOND SESSION, JUNE 29, 1936 When the Board convened after the recess on June 29, 1936, the same persons were present as at the first session; and also Dr. Karl A. Meyer, a member of the Board.

MINUTES APPROVED

The Secretary presented the minutes of the meeting of May 27, 1936. On motion of Mr. Barrett, the minutes were approved as printed on pages 645 to 774 above.

EXECUTIVE COMMITTEE MEETING, JUNE 1 8 , 1936

The Secretary presented for record the minutes of a meeting of the Executive Committee held June 18, 1936:

At the request of the President of the University, a meeting of the Executive Committee of the Board was held in the office of Edward E. Barrett, 1110 Wrigley Building, Chicago, for the purpose of considering the request of the University of Illinois Foundation that the Board of Trustees of the University of Illinois apply to the Government for a grant from P.W.A. funds for the purpose of assisting in the construction of a Student Center Building at the University of Illinois, the balance of funds required for such a building to be secured by subscription from alumni of the University and others interested. The meeting was called to order at 4 p.m. Thursday, June 18, 1936. Those present were: Dr. Karl A. Meyer and Edward E. Barrett, members of the Executive Committee, and Sveinbjorn Johnson, Counsel for the University. Judge Johnson stated that it was important that application for Government funds be made promptly if made at all and that to wait for formal action of the Board of Trustees on June 29 would be delaying too long. Edward E. Barrett acted as Chairman of the meeting. On motion of Dr. Meyer, Dr. Arthur Cutts Willard, President of the University, was authorized to make application at once for a grant from P.W.A. funds for the purpose stated. There being no other business, the Committee adjourned.

EDWARD E. BARRETT, Acting Chairman

KARL A. MEYER ORVILLE M. KARRAKER

MATTERS PRESENTED BY PRESIDENT WILLARD

The Board considered the following matters presented by the President of the University.

PURCHASE OF PROPERTY (1) T h e Director of the Physical Plant Department recommends that the Board consider purchasing the property at 1759 West Polk Street, Chicago, a vacant lot 51' by 125' at the southeast corner of Wood and Polk Streets across from the main entrance to the Second Unit of the Medical and Dental College Laboratories Building. It is highly desirable for the University to control this corner to prevent its development for commercial purposes. It has not been possible to secure a definite price from the owner, but the agent with whom the University has dealt in previous purchases of property in Chicago is of the opinion that it is not worth more than $15,000. Possibly the University can acquire it for less. The Director of the Physical Plant Department therefore recommends that the purchase of this property at a price of not to exceed $15,000 be authorized and that an appropriation of $3,000 be made from the General Reserve Fund for the initial payment on the purchase contract, the balance to be paid within a period of twelve months.