Repository: UIHistories Project: Board of Trustees Minutes - 1964 [PAGE 318]

EXTRACTED TEXT FROM PAGE:

1962]

UNIVERSITY OF ILLINOIS

273

Pogue, M r . Swain, M r s . W a t k i n s , M r . Wilkins, M r . Williamson; no, none; absent, M r . H u g h e s , M r . K e r n e r . C O N T R A C T F O R FARM BUILDINGS (19) The Director of the Physical Plant and the Vice-President and Comptroller recommend award of a contract for $39,450 to Casserly Construction Company, Champaign, the lowest bidder, for erection of three minor agricultural buildings to be located on the University's farms south of the main campus at UrbanaChampaign. It is also recommended that assignments of funds for construction of these buildings be made from: Dairy Science Income — for the Free Stall Dairy Barn on Lincoln Avenue Universities Building Fund — for the Machinery Storage and Service Building on the Pell F a r m Federal Hatch Funds — for Machinery Storage Building on the Grein F a r m General Reserve, $3,800 — to complete financing of the Grein F a r m building I concur. O n m o t i o n of M r . D i l l i a r d , t h i s c o n t r a c t w a s a w a r d e d , a n d t h e r e c o m m e n d e d a s s i g n m e n t s of f u n d s w e r e a u t h o r i z e d b y t h e f o l l o w i n g vote: Aye, M r . Clement, M r . Dilliard, M r . Johnston, M r . Pogue, M r . Swain, M r s . W a t k i n s , M r . Wilkins, M r . W i l l i a m s o n ; no, n o n e ; absent, Mr. Hughes, Mr. Kerner. REMODELING OF QUARTERS AT 8 0 7 SOUTH LINCOLN AVENUE, URBANA, FOR UNIVERSITY RETIREMENT SYSTEM (20) T h e University has been providing office quarters for the University Retirement System of Illinois since it was established in 1941. Presently the System offices are in a remodeled frame house owned by the University at 1210 West Oregon Street, Urbana. W i t h the normal growth of the operations of the System, the quarters now occupied are no longer adequate. Moreover, the land area at 1210 West Oregon Street will be needed as part of the site for an addition to the East Chemistry Building, scheduled for construction during the 1963-65 biennium. Space leased by the University of Illinois Foundation in a brick, commercial, building at 807 South Lincoln Avenue, Urbana, formerly used by the Department of Art, is now vacant and, with remodeling, will provide adequate quarters for the University Retirement System. T h e University subleases the property at a rental of $550 per month by authorization of the Board of Trustees on July 21, 1959. The Foundation's lease of the property will expire in November, 1964. The owner has agreed to a five-year extension on the same terms and conditions. The Director of the Physical Plant and the Vice-President and Comptroller recommend that: The Board of Trustees request the Board of Directors of the University of Illinois Foundation to extend the lease for an additional five-year period with the understanding that subleasing to the University will be continued; An assignment of $19,000 be made from the General Reserve Fund for remodeling the property; and that The remodeled facilities be assigned to the University Retirement System of Illinois. I concur. O n m o t i o n of M r . S w a i n , t h e s e r e c o m m e n d a t i o n s w e r e a p p r o v e d , a n d t h e r e q u e s t e d a s s i g n m e n t of f u n d s w a s a u t h o r i z e d , b y t h e f o l l o w i n g vote: Aye, M r . Clement, M r . Dilliard, M r . Johnston, M r . Pogue, M r . Swain, M r s . W a t k i n s , M r . Wilkins, M r . W i l l i a m s o n ; no, n o n e ; absent, Mr. Hughes, Mr. Kerner. ADDITION T O C O N T R A C T F O R PLANT S C I E N C E S BUILDING (21) The Director of the Physical Plant and the Vice-President and Comptroller