Caption: Board of Trustees Minutes - 1960
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1960] UNIVERSITY OF ILLINOIS I235 construction accounts for these buildings which are financed by revenue bond issues. The Orchard Place Apartments are south of Florida Avenue between Orchard Street extended and Race Street on which 120 family housing units were constructed last year. The Snack Bar and Post Office Building is in the area of the Gregory Drive Residence Halls for men and will also serve the new Peabody Drive Residence Halls now under construction. It was imperative that the landscaping work be authorized promptly while the nursery stock supplied and transplanted by the contractors was dormant as transplanting it later in the spring would lessen chances of survival. Bids taken earlier (March 1) were not satisfactory, were rejected, and new bids were received on March 21 which accounts for the delay in the recommendation for awards on the contracts. On motion of Mr. Swain, this action of the Executive Committee was confirmed. INCREASE IN CONTRACT FOR CONSTRUCTION OF SWINE BREEDING RESEARCH FACILITIES The Executive Committee authorized an increase of $12,000 in a contract with Oran L. Shoemaker and Company, Champaign, for the construction of two "tilt-up" slab buildings for the Agricultural Experiment Station's swine breeding research project for which the University received a grant of $200,000 from the Moorman Manufacturing Company of Quincy. These facilities are being constructed under a standing contract authorized by the Board as the experiments proceed and according to the requirements of the research project. The object of the research is the development of lines of disease-free swine. On motion of Mr. Swain, this action of the Executive Committee was confirmed. INVESTMENTS Mr. Swain, for the F i n a n c e Committee, r e p o r t e d the following changes in i n v e s t m e n t s of t r u s t f u n d s f r o m J a n u a r y i t h r o u g h M a r c h 3 1 , i 9 6 0 : URBANA-CHAMPAIGN Endowment Funds Purchase $ 20 000 U. S. bonds Current Funds Exchange $1 500 000 U. S. certificates 1 500 000 U. S. certificates Purchase (Special 4-H Memorial Camp) J 5 000 U. S. bonds CHICAGO 3% 8/15/66 $ 18 243 75 7,lA% AH% 2%% Auxiliary 2/15/60 2/15/61 for 9/i5/72"67 ? 4 143 75 Dentistry-Medicine-Pharmacy Purchase % 100 000 U. S. bills Building — 5/12/60 $ 99 099 00 Report of the Comptroller T h e C o m p t r o l l e r r e p o r t e d t h e f o l l o w i n g c h a n g e s in u n e x p e n d e d p l a n t fund i n v e s t m e n t s , o v e r w h i c h h e h a s a u t h o r i t y a s s h o w n : URBANA-CHAMPAIGN Construction Funds Housing Revenue Bonds of IQ5Q Series C and D—Peabody Drive (authorized by Board °f Trustees resolution dated October 21, 1959) Sale * 45 000 U. S. bills 4/15/60 ? 44 185 95
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