Repository: UIHistories Project: Board of Trustees Minutes - 1960 [PAGE 281]

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278

BOARD OF TRUSTEES

[January 20

requesting that the contract be awarded to that Company on the ground that it submitted the lowest bid. Director C. S. Havens reported that this Company's bid was incomplete, did not comply with all of the bidding specifications and instructions, and that in the opinion of his staff, the deficiencies were sufficiently material that they should not be waived in fairness to other contractors who submitted complete bids. Mr. Williamson stated that this matter had previously been submitted to the Committee on Buildings and Grounds, and that the Committee was prepared to support the recommendation. On motion of Mr. Williamson, the contract was awarded to Gallaher and Speck, as recommended.

CHARGES FOR CENTRAL FOOD STORES BUILDING A N D SNACK BAR A N D SERVICE BUILDING

The Comptroller and the Secretary of the Board presented the following resolution recommended for adoption by bond counsel in connection with the issuance of "The Board of Trustees of the University of Illinois Housing Revenue Bonds."

Resolution Resolved that the rates and charges to be made for services of the Central Food Stores Building and the Snack Bar and Service Building, constituting a portion of Project No. 111. n-CH-45(S), shall be in such amounts as shall from time to time be established by the administrative officials of the University but not less than an amount which will produce the estimated revenues for said facilities set forth in the official Bond Statement of the University relating to the Housing Revenue Bonds of 1958.

On motion of Mr. Swain, this resolution was adopted by the following vote: Aye, Mrs. Holt, Mr. Hughes, Mr. Johnston, Mr. Livingston, Mr. Swain, Mrs. Watkins, Mr. Wilkins, Mr. Williamson; no, none; absent, Mr. Bissell, Mr. Herrick, Mr. Stratton.

FEBRUARY A N D MARCH MEETINGS

President Livingston reminded the Board that it had previously voted to hold its February meeting in Chicago, on Thursday, February 19, 1959, and that the annual meeting is scheduled to be held in Urbana, on Tuesday, March 10, 1959, unless changed by the Board. He stated that some of the Trustees have informed him that they can not attend a meeting on March 10, and he asked if the Board desired to take any action regarding the matter. The three Trusteeselect, who will take office on March 10, and who were present as guests of the Board, were consulted and stated that they would be willing to have the meeting postponed to a later date. On motion of Mrs. Watkins, the Board voted to change the date of its 1959 annual meeting from March 10 to March 12, said meeting to be held in Urbana.

A U D I T OF UNIVERSITY ACCOUNTS

The Secretary reported that he received and distributed to all members of the Board of Trustees signed copies of the report from Ernst and Ernst, Chicago, of their audit of the University of Illinois accounts for the year ended June 30, 1958. A copy has been retained in the files of the Secretary.