Repository: UIHistories Project: Board of Trustees Minutes - 1950 [PAGE 30]

EXTRACTED TEXT FROM PAGE:

1948]

UNIVERSITY OF ILLINOIS

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Project M.-V-11246— 275 Sectional houses 3 Converted T dormitories, 42 family dwelling units 52 Two-bedroom family dwelling units, 6V2 two-story S type buildings 1 61-Man T dormitory Project Ill.-V-11277 —108 Two-bedroom family dwelling units, 36 one-story buildings Project I11.-V-II287-—108 Two-bedroom family dwelling units, 13^2 two-story S and Q type buildings Project IH.-V-11306 — 168 Two-bedroom family dwelling units, 56 one-story buildings; 1,312 dormitory units in 82 one-story buildings; 2 one-story buildings used as warehouses; and 2 onestory buildings used for maintenance and administrative purposes Therefore, Be It Resolved that the Board of Trustees of the University of Illinois, a public corporation, hereby requests the Administrator to relinquish and transfer to the Board of Trustees of the University of Illinois all contractual rights (including the right to revenues and other proceeds) and all property rights, title, and interest of the United States in and with respect to the property, herein described, subject in all respects to the terms of said amendatory Act, approved June 28, 1948.

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RESEARCH HOUSES ERECTED BY SMALL HOMES COUNCIL (34) On April 24, 1947 (Minutes, page 341), the Board of Trustees approved a program for the erection of six research homes to be used for staff housing and financed in part by a research grant, in part by borrowed funds, and in part by a University appropriation. The Board also appropriated the sum of $27,950 for the University's share of a total estimated cost of $60,210. The Board increased this appropriation by $6,000 on September 26, 1947 (Minutes, page 821), which, together with adjustments in other funds, was to provide for a revised estimated cost of $67,650. The revised estimates have proved to be inadequate. The present situation is summarized as follows: Total revised cost $81 427 97 Funds allocated (Board appropriation, contract funds, and borrowed funds) 70 439 04 Deficiency in funds $10 088 93 It is proposed to meet this deficiency by allocating funds from the following sources: Research funds for publications (the cost of the publications to be charged to the Small Homes Council Publications Revolving Account, thus releasing contract funds for construction) $ 2 500 00 Allocation of all funds collected for indirect costs on the contract including the portion (40%) which normally would go to general income 8 238 93 Additional funds to be charged to the appropriation for Small Homes Council 250 00 Total $10 988 93 Approval of this revised estimated cost and allocation of funds is requested.

On motion of Mr. McKelvey, this revision was approved and funds were allocated as recommended.

REAPPROPRIATION OF UNEXPENDED BALANCES (35) T h e Comptroller recommends that unexpended balances in appropriations made by the Board of Trustees for services and projects not completed as of June 30, 1948 (see Appendix, page 69), be reappropriated for the fiscal year beginning July I, 1948.