Caption: Board of Trustees Minutes - 1956
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124 BOARD OF TRUSTEES EXECUTIVE SESSION [October 27 The Board convened as a Committee of the Whole for consideration of recommendations from the President of the University relating to the biennial budget and building program for 1955-57. The Board also received a report from a special committee of its members appointed to study the budget and building program in detail in consultation with the President and other University administrators. Official action was deferred until the open meeting of the Board held later in the day. OPEN SESSION At 2:00 p.m., the Board convened in open session. The same members of the Board, officers of the University, and officers of the Board were present as recorded at the beginning of these minutes. Mr. J. F. Wright, Director of Public Relations, was also present. SELECTION OF A PRESIDENT OF THE UNIVERSITY President Megran reviewed briefly the work which has been done on the selection of a new President of the University, and particularly what has taken place since his report to the Board at the September meeting. He asked that no action be taken at today's meeting because (a) the Board needs to devote a great deal of time to the biennial operating budget and building program for the biennium of 1955-57, which is one of the most important budgets ever to come before the Board, and (b) he desires unanimity and full participation on the part of all members of the Board which is not feasible today since three of the Board of Trustees are not present. He stated that he would call a meeting of the Board within thirty days for this purpose. On motion of Mrs. Holt, the Board voted to postpone consideration of this matter, and the President of the Board was authorized to call a meeting within thirty days, giving five days' notice thereof, for the specific purpose of consideration of the selection of the new President of the University. B U S I N E S S PRESENTED BY THE PRESIDENT OF THE UNIVERSITY The Board considered the following reports and recommendations from the President of the University. SALE OF UNIVERSITY HOUSES (1) Pursuant to the plan authorized by the Board of Trustees for the sale of University-owned residence properties in Urbana-Champaign which are outside the area of future campus expansion, the Director of the Physical Plant and the Comptroller recommend the sale of the following residence properties owned by the University: Street Address All are on Hessel Boulevard, Champaign, Illinois 207 202 203 311 411 403 Purchaser Fred and Judith Fiedler Royall and Mary Brandis Andrew and Anne Swago Edward and Phyllis Mast Isidore and Phyllis Hodes John and Norma Jane Templin Sale Price $ 9 195 9 445 9 195 10 8 0 0 11 200 12 0 0 0 (?6i 835) University Investment $10 244 10 235 10 244 13 789 13 461 14 843 ($72 816)
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