Repository: UIHistories Project: Board of Trustees Minutes - 1964 [PAGE 1210]

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1964]

UNIVERSITY OF ILLINOIS

1165

Student Services (May 17, 1961) Purchase J 27 000 U. S. Treasury bills 3/19/64 $ 26 891 76 31 000 U. S. Treasury bills 8/31/64 30 352 01 4 000 U. S. Treasury bonds 2% per cent 2/15/65 3 975 00 O n motion of M r . Williamson, this report was received for record.

A N N U A L REPORT OF THE TREASURER

(16) In accordance with the By-Laws of the Board of Trustees, the Treasurer of the University has submitted a report of receipts and disbursements of University funds in his custody for the period March 1, 1963, to February 29, 1964, certified by the Comptroller. A copy of this report was sent to each member of the Board of Trustees prior to today's meeting, and a copy is filed with the Secretary of the Board.

This report was received for record.

SALE O F MOVABLE EQUIPMENT TO ILLINOIS BUILDING AUTHORITY

(17) The Board of Trustees of the University of Illinois on March 18, 1964, authorized the execution of a lease with the Illinois Building Authority for movable equipment to be financed by the Authority. Agreements have been reached with the Authority as to procedures for purchasing, handling, and identifying this equipment. The Illinois Building Authority has requested the University of Illinois to purchase, identify, and place into the proper buildings movable equipment covered by the above-mentioned lease. At the end of each month, the Illinois Building Authority will reimburse the University of Illinois for expenditures incurred that month. The Vice-President and Comptroller recommends that the Board of Trustees of the University of Illinois authorize the sale of equipment to the Illinois Building Authority under such a procedure. I concur.

On motion of Mrs. Watkins, this recommendation was approved by the following vote: Aye, Mr. Clement, Mr. Dilliard, Mr. Jones, Mr. Pogue, Mr. Swain, Mrs. Watkins, Mr. Williamson; no, none; absent, Mr. Hughes, Mr. Johnston, Mr. Kerner, Mr. Page.

SALE OF PROPERTY TO THE ILLINOIS BUILDING AUTHORITY

(18) Pursuant to the authorization of the Board at its March 18, 1964, meeting, and with the approval of the Illinois Building Authority, the University of Illinois has acquired from the city of Urbana land required as part of the site of the new Civil Engineering Building, said land being Romine Street between Main Street and Springfield Avenue and part of the alley between Main and Stoughton Streets. By reason of vacation of this street and alley by the City and payment by the University for the same, title to the vacated areas is vested in the University. This property is part of that scheduled for acquisition by the Illinois Building Authority under its land acquisition lease to the University, and it is now necessary for the Board of Trustees to authorize the sale of this property to the Illinois Building Authority. The Vice-President and Comptroller and the Director of the Physical Plant recommend authorization of the sale of this land to the Illinois Building Authority at its acquisition cost and the adoption of the following resolution. I concur. Resolution Be It, and It Is Hereby, Resolved by The Board of Trustees of the University of Illinois, a public corporation of the State of Illinois, that the Comptroller and Secretary of this corporation be, and they hereby are, authorized and directed, to execute, acknowledge, and deliver, in the name, and in behalf of, this corporation, and under its Corporate Seal, a Warranty Deed and such other documents in connection therewith as said Comptroller and Secretary may deem necessary or desirable in order to convey to the Illinois Building Authority, a body corporate