Caption: Board of Trustees Minutes - 1940
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1939] UNIVERSITY OF ILLINOIS 559 ceived from the sale of the property north of the County Hospital, the Foundation will finance the remodeling and equipping of the Building, for use as a Union Building, subject to approval of plans by the Board of Trustees. (2) T h e building will be leased to the University of Illinois who will operate the building and pay the University of Illinois Foundation an annual rental sufficient to liquidate the indebtedness. C. T h a t an application be filed for W.P.A. labor and material in the amount of $55,959 to remodel the Bakers Building and the New Pharmacy Unit. The accompanying schedules of funds available for this program and proposed expenditures are submitted in support of these recommendations. SCHEDULE A AVAILABLE C A S H FOR FINANCING PROGRAM 1. Agreement with Cook County for sale of land north of County Hospital, formerly the site of the Old Medical and Dental Building: ( a ) Contract price $00 000 00 (b) Deduct property purchased at Damen and Polk Streets 15 319 °3 Net funds from County $74 680 97 2. University expenditures: ( a ) Special appropriation (b) F r o m Physical Plant Operation and Maintenance 1 000 00 1 250 00 $ 2 250 00 Deduct: (a) Forfeiture of deposit on Potter Palmer Estate property 250 00 (b) Fee due H. G. Slavick 936 00 Total expense $ 1 186 00 Net balance in University fund $ 1 064 00 Total cash available $75 744 97 SCHEDULE B PURCHASE OF LAND AND REMODELING IN CHICAGO DEPARTMENTS Program by University Appropriation 1. Purchase of land from University of Chicago 2. Remodel Baker Building and New Pharmacy Unit for Union Building and equipment 3. Remodel Medical and Dental College Laboratories Building for rehousing balance of College of Pharmacy 4. Relocate offices of Dean of College of P h a r m a c y . . $ 2 040 00 5. Permanent offices for the Alumni group 1 240 00 6. Relocate Health Service Office I 930 00 7. Remodel to provide student girls' locker room (basement of first Unit Medical and Dental College Laboratories Building) 8. Expansion of Business Office (including the General Stores) 10 380 00 9. Expansion of Registrar's Office 2 960 00 Total $18 550 00 University of Illinois Foundation $ 40 000 00 n o 188 00 27 810 00 5 59° °o $183 588 00
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