Repository: UIHistories Project: Board of Trustees Minutes - 1954 [PAGE 1193]

EXTRACTED TEXT FROM PAGE:

1190

BOARD OF TRUSTEES

[December 16

T h e entire second floor (approximately 5,500 square feet) was leased for the period from September I, 1948, to September 1, 1953, at a rental rate of $408.33 a month. In addition, the University assumed all operation and maintenance costs. The Institute of Labor and Industrial Relations has continued to occupy this space since September I, 1953, on a month-to-month basis with the same rental payments. T h e owner, Mr. W. B. Hayes, has since agreed to extend the lease until September I, 1956, with the same terms and rental rate. No University space is presently available to permit the permanent relocation of this function. In view of the remodeling and moving costs, it is not financially desirable to move the Institute into other temporary quarters. T h e University invested approximately $19,000 in remodeling this space, and therefore continued use of it for a reasonable period is desirable. As the proposed period will extend beyond the biennium, the lease with Mr. Hayes will be executed by the Foundation and the University will then enter into a lease with the Foundation. Funds are available in the appropriations for the Physical Plant Department for these expenditures. I concur.

On motion of Mrs. Holt, renewal of this lease was authorized.

SPECIAL APPROPRIATIONS FOR N O N R E C U R R I N G EXPENDITURES (12) The Committee on Nonrecurring Appropriations recommends assignments of funds as follows: 1. Department of Theoretical and Applied Mechanics, remodeling $ 3 100 2. School of Music, replacement of pianos 8 100 3. Alumni Association, improvement of alumni records 5 000 4. Department of Psychiatry, Chicago Professional Colleges, ventilating, air conditioning, and sound proofing the sound cinema rooms 6 900 Total $23 100 I recommend that appropriations for items 1 to 3 be made from the General Reserve Fund and that an assignment for item 4 be made from funds appropriated for remodeling at the Chicago Professional Colleges. O n m o t i o n of M r . H e r r i c k , t h e s e a p p r o p r i a t i o n s w e r e m a d e by the f o l l o w i n g v o t e : A y e , M r . B i s s e l l , M r . G r a n g e , M r . H e r r i c k , Mr. H i c k m a n , M r s . H o l t , M r . J o h n s t o n , M r . L i v i n g s t o n , M r . M e g r a n , Mr. Nickell, M r s . W a t k i n s ; no, none; absent, M r . Stratton. APPROPRIATION FOR GRADUATE FELLOWSHIPS FOR 1 9 5 4 - 1 9 5 5 (13) It is necessary that the funds the University has available for graduate fellowships for 1954-1955 be committed at this time so that fellowship awards car. be made and announced by April 1, 1954. Accordingly on request of the Dean oi the Graduate College, I recommend that an appropriation of $150,000 be made for the year 1954-1955 for such fellowships, $132,000 to be assigned for fellowships for graduate study at Urbana-Champaign and $18,000 for fellowships at the Chicago Professional Colleges. Provision is included in the budget for 1953-1954 for this purpose but funds have not been specifically appropriated.

On motion of Mrs. Watkins, this allocation of funds was approved and appointments to graduate fellowships for 1954-1955 within the total allocation were authorized by the following vote: Aye, Mr. Bissell, Mr. Grange, Mr. Herrick, Mr. Hickman, Mrs. Holt, Mr. Johnston, Mr. Livingston, Mr. Megran, Mr. Nickell, Mrs. Watkins; no, none; absent, Mr. Stratton.

INVESTMENT OF CHICAGO HOUSING REVENUE BOND FUNDS (14) T h e plan for financing the construction of housing projects for the Chicago Professional Colleges through a revenue bond issue includes the following provisions: