Repository: UIHistories Project: Board of Trustees Minutes - 1952 [PAGE 409]

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BOARD OF TRUSTEES

[December 28

rejected and checks returned) to determine whether these bids could be reinstated for a certain period or the attitude of previous bidders on new bids. All fourteen low bidders have been contacted. Six will maintain their bids for sixty days; eight want price increases, which will be firm for sixty days. They represent an aggregate increase cost of 5136,460 as of this time, making a total cost of $4,163,938. To aid in the effort to secure funds, the Board is requested: 1. Reaffirm its willingness to make a lease which will require to pay out of its general income the amount in excess of the direct income of the properties necessary to finance the entire cost. This was contemplated in the original action of the Board of Trustees on this project July 21, 1948, at which time our general funds required was estimated at $106,280 a year. Based on bids recently received an interest of 4 per cent and amortization of twenty-five years, the annual deficiency would be $101,196 at 4 per cent (or $87,297 at 3 ^ per cent). 2. To request the Medical Center Commission to give an exclusive privilege to some interested party for sixty days to endeavor to develop a plan of financing. The Committee on Chicago Departments recommends that the Board approve these requests, provided that the limit of obligations against general funds in any plan that may be developed shall not exceed $110,000 a year and that funds can be secured to cover the entire cost of construction and equipment necessary to complete the projects satisfactorily for operation. If a plan of financing, acceptable to both the Medical Center Commission and the University, is received, the University would then request the Commission either to (a) let contracts to previous low bidders if feasible, or (b) advertise for new bids.

DR. KARL A. MEYER, Chairman

MRS. FRANCES B. WATKINS PARK LIVINGSTON

O n motion of M r s . Holt, this report and the recommendations of the Committee on the Chicago Departments were approved.

SECRETARY'S REPORTS

The Secretary presented for record the following lists: (1) report of contracts signed by the President and the Secretary of the Board and deposited with the Secretary since the last report; (2) appointments made by the President; (3) graduate fellows; (4) resignations and declinations; (5) leaves of absence.

SECRETARY'S REPORT OF CONTRACTS

The Secretary presented for record the following document signed by the President and the Secretary of the Board, and deposited with the Secretary since the last report.

Republic Coal & Coke Company, 40,000 tons of coal, from September 1, 1950, to May 31, 1951, at $3.95 a ton, f.o.b. cars at mine.

APPOINTMENTS MADE BY THE PRESIDENT

(The date in parenthesis is the date on which the appointment was made by the President of the University. Part-time appointments are shown by fractions after the name of the department. C = College; S = Station; E = Extension.)

ALBIG, JOHN W., Professor, Sociology and Anthropology (Liberal Arts and Sciences) and (Institute of Communications Research), indefinite tenure, to render service during each academic year, and Chairman of the Department of Sociology and Anthropology, academic year, beginning September 1, 1950, $9000 a year, supersedes (12-13-50). ALMY, GERALD M., Professor, Physics (C), indefinite tenure beginning September I, 1950, to render service during each academic year, $9900 a year, supersedes

(12-13-50).

ANDERSON, ALVIN T., Assistant Professor, Agricultural Economics (Extension Service in Agriculture and Home Economics), one year beginning September 1, 1950, $6750, supersedes (12-4-50). ANDERSON, HARRY W., Professor, Plant Pathology (Horticulture) (C & S), indefinite tenure beginning September 1, 1950, $8500 a year (on leave of absence with full pay for the second semester 1950-1951), supersedes (12-4-50).