Caption: Board of Trustees Minutes - 1940 This is a reduced-resolution page image for fast online browsing.
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1938] UNIVERSITY OF ILLINOIS 147 SCHEDULE A—ILLINOIS UNION PROPERTIES ESTIMATED REQUIREMENTS FOR DEBT SERVICE, TAXES, AND SPECIAL ASSESSMENTS FOUR YEARS FROM JULY 1, 1938 Union Building First mortgage principal First mortgage interest Second mortgage interest 1 Taxes Special assessments Total minimum requirement Add for principal second mortgage 1 Total Arcade Building First mortgage principal First mortgage interest Second mortgage interest 1 Taxes Special assessments Total minimum requirement Add for principal second mortgage 1 Total Totals (omitting second mortgage principal) Totals, including second mortgage principal 193S-39 1939-40 1940-41 1041-42 $4 000 $4 000 $4 000 $4 000 3 420 3 240 3 060 2 880 437 437 437 437 800 800 800 800 274 256 8 931 8 733 8 297 8 117 1 069 1 267 1 703 1 883 $10000 $10000 $10000 $10000 $2 250 1 924 1 375 600 91 6 240 1 260 $7 500 $2 250 1 823 '375 600 8j) 6 137 1 363 $7 500 $2 250 1 721 '375 600 5 946 1 554 $7 500 $14243 $17500 $2 250 1 620 1 375 600 5 845 1 655 $7 500 $13962 $17500 $15 171 $ 1 4 8 7 0 $17500 $17500 ^Some adjustment will result between these figures as a result of decreasing interest, and the payment of office expense of $180 per year provided in Section 6 of the Agreement. S C H E D U L E B—UNION P R O P E R T I E S B U D G E T i938-i939 Union Arcade Income Building Building Room rentals $6 000 Lease rentals: Hanley's $4 234 Perring's 551 Taylor-Fisher 400 Book Exchange 2 000 Bowling and Billiards 2 000 Union dances and miscellaneous I 500 Illini Publishing Company 1 500 S. S. Howe Alumni Service 300 Total Income $7800 $10685 Expense Rent 1 $10 000 Building Operation (Janitor a n d mail service, supplies and laundry) 4 700 Heat, light, and water 2 800 Repairs 6 000 Insurance 650 Miscellaneous 500 Total Expense $24 650 Net Expense $16 850 ^Covers principal, interest, taxes, and special assessments. $7 500 500 1 480 2 620 350 100 $12 550 $ 1 865 Total $6 000 4 234 551 400 2 000 2 000 1 500 1 500 300 $18485 $17 500 200 280 620 000 600 $37 200 $18 715 5 4 8 1
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