Repository: UIHistories Project: Board of Trustees Minutes - 1940 [PAGE 229]

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226

BOARD OF TRUSTEES

[February

n

Club to the University over many years, the Board approved in principle the policy of equalizing the obligation of the University to the Club under the following conditions: 1. The members of the University Club shall be regarded as members of the Illini Union and entitled to the use of its building without payment of the service fee. The Board will assume the responsibility for the service fees from members of the Club, up to a reasonable limit. 2. The University Club shall maintain and operate its own quarters for its use as a Club, as at present. 3. This arrangement will be terminated as soon as the financial affairs of the Club are on a satisfactory basis.

MATTERS PRESENTED BY PRESIDENT WILLARD

T h e Board resumed consideration of matters presented by the President of the University.

CORNER STONE FOR GREGORY HALL

(16) The Director of the Physical Plant Department has asked if the Board desires to have a ceremony in connection with the laying of the cornerstone of Gregory Hall. It will probably be two or three months before the building is ready for this. O n motion of Mr. Moschel, this ceremony was authorized.

PLAQUE OR CORNERSTONE IN THE ILLINI U N I O N BUILDING

(17) Under P.W.A. regulations it is possible to have a cornerstone, plaque, or both in the Illini Union Building. Because of the interior design the Physical Plant Department recommends the omission of the plaque. O n motion of M r s . Plumb, the President of the University was authorized to provide appropriate plaques in the THini Union Building, on behalf of the Board and the University of Illinois Foundation, and the usual plaque in Gregory Hall.

EXCHANGE OF PROPERTIES IN CHICAGO

(18) The Board of Trustees has approved an exchange of certain land no longer needed by the University (sites of the former Medical and Dental Buildings) for properties to be acquired by Cook County and deeded to the University. With the advice and approval of the Board Committee on the Chicago Departments, the Director of the Physical Plant Department has obtained offers on property desired by the University to be purchased by Cook County for transfer to the University. I recommend that the Board of Trustees authorize: 1. The conveyance of the University properties at Harrison, Honore, Congress, Ogden, and Wolcott Streets to the County of Cook. 2. The President and Secretary to execute the required deeds, the latter to be placed in escrow. 3. The extension of the abstracts of title to these properties to date. 4. The purchase of a title guarantee policy if such be required. 5. The settlement of any outstanding obligations against these properties. 6. The payment of such fees as will be necessary to consummate these exchanges of property. Submitted herewith are an outline of procedure and a letter to the Director of the Physical Plant Department, followed by a copy of Section 28 of the proceedings of the Board of Commissioners of Cook County.

PROCEDURE FOR THE PROCUREMENT OF REAL ESTATE FOR CHICAGO DEPARTMENTS

I. Real estate agent to obtain contracts on pieces of property within appraised values. Contracts to contain clause wherein the University would have