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Caption: Board of Trustees Minutes - 1940
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950 BOARD OF TRUSTEES [May 28 amount of which is estimated at $9,816 per year. This amount may be reduced: ( a ) By retiring the loan as gifts are received by the Foundation; ( b ) If it is not necessary to pay taxes ($1,620 allowance provided in budget) ; ( c ) By payments of the building service charge on the part of the faculty (none included in budget because policies have not yet been formulated) ; ( d ) By profits from food service (none anticipated in this budget) ; ( e ) If loan is made at a rate less than 4J4 per cent. (3) T h e approval of a building service charge of $5.00 per semester for all students in the Chicago departments. As soon as an advisory committee has been established, further policies should be submitted for approval with reference to the assessment of the faculty and staff members in the Chicago departments. (4) That authorization be granted to negotiate for a loan of approximately $120,000 to finance this program. (5) T h e release of funds in the amount of $34,800 to enable the Physical Plant Department to proceed with the remodeling to rehouse the balance of the College of Pharmacy. Signed memoranda approving the reassignment of space by all divisions concerned have already been sent to you. This work must be completed for the opening of school in the fall. (6) T h e approval of the plans for remodeling the Pharmacy Building to provide a Union Building for the Chicago departments. These plans were submitted to and approved by an informal group consisting of the following: Dean Allen, Mr. Millizen, Mr. Moon, Miss Fisher, and Mr. Kasch. T h e W.P.A. officials have advised us that they are ready to proceed on a notice of ten days, and in view of the amount of work to be completed, I wish to urge that, if at all possible, this be submitted to the Board of Trustees for their approval at the next meeting. Very truly yours, PHYSICAL PLANT DEPARTMENT By C. S. H A V E N S PROPOSAL FOR FINANCING REMODELING IN CHICAGO DEPARTMENTS I. Estimated Cost A. Remodeling Baker and Pharmacy Buildings 1. Building remodeling (a) University's s h a r e . . . $33 062 (b) W.P.A 62 080 $95 2. Food service equipment 21 3. Furniture 19 4. Special equipment 1 5. Recreational equipment 3 6. Interest during construction 3 7. Insurance on building during construction 8. Legal expense 9. Commission on loan ( 2 % of $120,000) 2 142 100 600 550 000 615 325 500 400 $147 232 B. Relocating remainder of College of Pharmacy in Medical and Dental College Laboratories Building Total Expenditures for Chicago Departments 34 800 $182 032
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