Repository: UIHistories Project: Board of Trustees Minutes - 1948 [PAGE 938]

EXTRACTED TEXT FROM PAGE:

1947]

UNIVERSITY OF ILLINOIS

937

and property occurring outside the premises, and covering Urbana-Champaign, Chicago, and Galesburg. 5. Loss caused by forgery or alteration of any check, draft, or promissory note or similar written direction or promise to pay of a certain sum of money. Coverage in the amount of $10,000 is to attach to the University's own account in any bank in which the University of Illinois has an account. Quotations were received from thirteen companies of annual premiums ranging from $1,149.80 to $3,026.67. The three-year premiums (2l/2 times the annual premium) range from $2,873.53 to $7,566.68. On January I, 1948, all companies in the State of Illinois will be required to file with the State a list of the rates applicable to each type of risk and the amount of discount credit applicable to each risk. It appears likely that the companies will file moderate or averaged discount rates and the University will not be able to obtain as large a discount, because of exceptionally good loss experience, as is possible now when companies are permitted to discount the rates as they see fit. The Director of Purchases and the Comptroller recommend that the University take advantage of the low rates now in effect by placing this insurance in effect prior to January I and having the coverage written for three years. They further recommend that the policy be written by the American Motorists Insurance Company, Chicago, Illinois, the lowest bidder, at a premium of $2,873.53 for a threeyear period.

OH motion of Mr. Williamson, this contract was awarded as recommended.

ADDITION TO CONTRACT FOR GENERAL WORK ON THE AGRONOMY GREENHOUSE ADDITIONS (21) On April 24, 1047 (Minutes, page 344), the Board of Trustees approved a contract with E. N. DeAtley for the general work on the Agronomy Greenhouse. The Director of the Physical Plant Department requests an addition to this contract in the amount of $1,935 in connection with the extension of utilities for this project. The Comptroller recommends that such an addition be made to the contract with E. N. DeAtley. I concur and request that the Comptroller and the Secretary of the Board be given authority to make this addition. O n m o t i o n of M r . M c K e l v e y , t h i s a u t h o r i t y w a s g r a n t e d a s r e c o m mended. AWARD OF CONTRACTS FOR THE AGRONOMY GREENHOUSE (22) The following bids have been received for the provision of utility services to the Agronomy Greenhouse: Heating Plumbing Electrical Robert Gordon, Inc S19 862 00 W. T. Mahoney and Sons 27 670 00 £12 448 00 J. M. Bean Electric and Hardware Co $8 775 00 Bland Electric Co 8 453 50 Anderson Electric Co 8 127 00 Electric Contractor's, Inc 10 000 00 Leverenz Electric Co 9 923 00 The Director of the Physical Plant and the Comptroller recommend the award of contracts to the lowest bidders in each division, namely, to Robert Gordon, Inc., of Chicago in the amount of $19,862 for the heating work; to W. T. Mahoney and Sons of Chicago in the amount of $12,448 for the plumbing w o r k ; and to the Anderson Electric Company of Danville for the electrical work in the amount of $8,127. Funds are available in the special appropriation for the addition to the Agronomy Greenhouse to provide for the above contracts. I concur and request authority for the Comptroller and the Secretary of the Board to execute the contracts as proposed. O n m o t i o n of M r . M c K e l v e y , t h i s a u t h o r i t y w a s g r a n t e d a s r e c o m mended.