Repository: UIHistories Project: Board of Trustees Minutes - 1958 [PAGE 326]

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1957]

UNIVERSITY OF ILLINOIS

323

JOHN NUVEEN & Co. Established 1898 • Incorporated 1953

135 SOUTH LASALLE STREET, CHICAGO 3, ILLINOIS

Telephone Financial 6-2500 March 5, 1957

THE BOARD OF TRUSTEES OF THE UNIVERSITY OF ILLINOIS

Hlini Center, LaSalle Hotel Chicago, Illinois

GENTLEMEN:

Supplementing our proposal dated March 5, 1957, to purchase $3,750,000 Men's Residence Halls Revenue Bonds of 1957, Series A, of the Board of Trustees of the University of Illinois, Urbana, Illinois, and in accordance with the provision therein, we submit herewith a separate schedule indicating the price for each maturity at which the bid was submitted: Price Bid 'aturity Amount Price Bid Maturity Amount

$40,000 45,000 45,000 45,000 50,000 50,000 i960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 98.667 98.667 98.667 98.667 98.667 98.667 98.667

$ 95,°o°

100,000 105,000 105,000 110,000 115,000 120,000 125,000 130,000 135,000 145,000 150,000 155,000 165,000 170,000 180,000 190,000 200,000

S5,ooo

55,000 55,000 60,000 60,000 65,000 70,000 70,000

75,ooo

75,000 80,000 85,000 85,000 90,000

1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997

98.667 98.667 98.667 98.667 98.667 98.667 98.667 98.667 98.667 98.667 98.667 98.667 98.667 98.667 98.667 98.667 98.667 94.034825

This schedule may be considered as a part of our offer to purchase the above mentioned Residence Halls Revenue Bonds. Yours very truly,

JOHN NUVEEN & Co. AND ASSOCIATES By: J. DAVID EVERARD of John Nuveen & Co,

The Executive Committee approved the sale of the Series A bonds to John Nuveen & Co. and Associates on the basis of their bid which represents the lowest interest cost to the University. The Vice-President and Comptroller recommends that funds in Housing Division reserves be advanced to finance construction costs until the bonds are delivered, which will be approximately May 1, 1957. The Executive Committee concurs. On motion of Mrs. Watkins, the action of the Committee was confirmed and the advance of necessary funds from Housing Division reserves to finance construction costs until funds from the bond issue are available was authorized by the following vote: Aye, Mr. Bissell, Mr. Herrick, Mrs. Holt, Mr. Hughes, Mr. Johnston, Mr. Livingston, Mr. Nickell, Mr. Swain, Mrs. Watkins; no, none; absent, Mr. Stratton, Air. Williamson.

RESOLUTION A U T H O R I Z I N G M E N ' S RESIDENCE HALLS REVENUE BONDS O F 1 9 S 7

Mr. Livingston presented t h e following: RESOLUTION authorizing the issue of Men's Residence Hall Revenue Bonds °' I057, of the Board of Trustees of the University of Illinois in the principal