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Caption: Board of Trustees Minutes - 1946
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28 BOARD OF TRUSTEES [July 25 2. Tenant to pay all costs of improvements for reconstruction required by it, including improved lighting, additional heating, and installation of temporary partitions. No damage is to be permitted to the floor of the skating arena. 3. The entire expense of removal of additions and changes made for the tenant at the end of the lease period will be paid by the tenant. 4. The University would be given access to the records and equipment of the company for research and instructional purposes to the extent feasible. 5. The tenant assumes responsibility for the removal of all waste and debris resulting from occupancy. 6. The lease will run from approximately September 1, 1944, to not beyond September I, 1945, with a possibility of month-by-month extension after the latter date with the approval of the University. 7. Financial provisions: (a) Rental, from which the University will meet all maintenance expense and other fixed charges, and supply heat, water, and janitor service (estimated cost $3,800 a year), the balance to go to the Athletic Association: $850 a month; total a year $10 200 (b) The following operating expenses to be paid by the tenant: Electricity—to be provided by the University at l£ per k.w.h. and billed to tenant (estimate) 1 800 Total estimated cost to tenant for the year $12 000 Judge Johnson, Director Havens, and Mr. August Meyer, counsel for Time, Inc., commented on this proposal. On motion of Mr. Davis, the Comptroller was authorized to negotiate a contract on substantially the basis outlined. The Executive Committee adjourned. H. E. CUNNINGHAM Clerk PARK LIVINGSTON, CHESTER R. DAVIS FRANK A. JENSEN Chairman
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