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Show A85 At Michigan State College the rates this coming fall will be on the basis of $1060 per day for food or $11020 or week and $1.015 per week for room, making a total of 15035 for room and boardo Michigan State College operates on a three term basis and a full 12 weeks is figured for each term" - This general observation should be made with reapect to the dormitories at Michigan State College. About one-41311 of . the present dormitories were built prior to the war when ' ‘ costs were onewhalf of what they are todayc. Financing these on a selfaliquidating basis over a 30' year period allowed for a very substantial margin" of net operating pmfit over and above the fixed payments required, with the result that shorter term loans than 30/yeare could be ‘ ‘ worked onto ,On. the basis - of present costs the 30 year basis is not too. long and, as noted from the figures above, there is little if any margin over and above the "fixed paymenteo The. fact, that Michigan State College has a substantial equity in their dormitories at the time the new dormitory program was started in the fall of 1945» ‘ made it. possible to born»: the new rum: required, con- .veolidatz'hg these loans "nth outstanding loans on the older dormitbriee', oonbine the eaminge of all units and still ,be in a position where the, required funds could be ' ‘ borrowed and repaid on a basis not to exceed. twenty yearso ' The Board diseueeed the ‘mneeityfor more done-4 ~filteriee' land, living quarters tor etudOItbeo Regent Bani! moved ._ that consideration be 31m toward providing adequate V , dormitory .faoilitiee for hen and wohen on the cm, and that the matter. be referr‘ed "to the Chairman and the ADEQUATE President for action and reoomendatio . DORHITURI . . - FACILITIES . 7 REPORT OF moms m] CEH‘ . a Y._ . . . ' . ' it -n .h .0" ' , ' - The Presideht advised the. GONSIDERAT'ION - _ Regent Rom". seconded the motion which carried. Fonswnms To BE GIVEN- ~ ‘ - ' - - ' , a . U , - ‘, , ; who mum gather. ~ ,. further (data cancer-hing dormitories" on hie trip, east next. . month?" . ' ' - I V W " j A 7' . . . - .. . - .was medeon = the temporary , a . a. ' f , A.'. Pre 81'.‘ehs‘ [ report plane a ‘ for the I Centenary of the: [hirereity (1950).. ‘ l |
