Repository: UIHistories Project: Board of Trustees Minutes - 1938 [PAGE 490]

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488

BOARD OF TRUSTEES

[September 27

mittee on Chicago Departments, to ascertain whether the monument needs to be moved immediately and to make recommendations with respect to its location on University grounds. At this point, Mr. Adams withdrew.

SITE OF OLD MEDICAL A N D DENTAL BUILDINGS (16) Pursuant to instructions of the Board (August 2, 1937, Minutes, page 480), the Director of the Physical Plant Department has negotiated with officials of the University of Chicago relative to the exchange of its property at Polk and Lincoln Streets for the site of the old Medical Building. They have indicated that if the University sells for commercial purposes the site of the old Dental Building, they might be willing to consider favorably the proposed exchange, but otherwise not. The University has an inquiry from the National Commercial Leasing Company, received through Mrs. Plumb, concerning the purchase or lease of the site of the old Dental Building. This firm represents the Walgreen Company, which is interested either in purchasing (but at a price less than the $300 per front foot stipulated by the Physical Plant Department) a part of the corner (40 by 100 feet), or in leasing this area at a rental of $750 per year with an option to purchase at any time within fifteen years. T h e Director of the Physical Plant Department considers this offer unsatisfactory and recommends that it be rejected. A proposal has also been received from Mr. Angelo Nicastro offering the University $30,000 for the Dental Building property, and $20,000 for the old Medical Building—or $50,000 for the two—this to include both land and buildings. H e submits with his proposal a check for $1,000 as earnest money on the offer. The Board on August 2 (Minutes, page 480) authorized the Physical Plant Department to proceed with the razing of the old Medical and Dental Buildings either by securing bids on them or by applying to the W o r k s Progress Administration for approval of a project to raze these buildings on condition that this be at no expense to the University. It appears inadvisable to do this as a W.P.A. Project because, should Federal aid be withdrawn while it is in progress, the University would have to assume the responsibility and cost of completing the work. Consequently the Physical Plant Department has secured and submits the following bids received from contractors for the two buildings. In the meantime, the Goodwill Industries, which was advised by the Physical Plant Department to vacate the old Medical Building by October I, has requested permission to continue occupying this building for another month after that date. Bidder* Advance Wrecking & Lbr. Co Bosley Wrecking Co Garden City Wrecking Co J. M. Krauss Lbr. & Wreck. Co . Base Bid $1 475 00 ( A s k ) I 00 ( B i d ) 3 527 00 (Ask) 950 00 ( A s k ) Certified Check $200 00 $200 00 None $200 00

On motion of Dr. Meyer, the Board voted to retain the old Medical and Dental property and to award the contract for the demolition of the buildings to the best bidder, the Bosley Wrecking Company, the work to be completed by June i, 1938, and the Goodwill Industries to be permitted to occupy the old Medical Building until November 1, 1937. At this point, Dr. Meyer withdrew.

BUDGET OF ATHLETIC ASSOCIATION

Mr. Mayer, for the Finance Committee, presented a recommendation that the item in the Athletic Association budget for a new cover for

•Bid opening at 10 a.m. C.S.T., September 27, 1037, at office of the Physical Plant Department, 1853 West Polk Street, Chicago.