| OCR Text |
Show 109 in the courts for the University, to see if he has a solution to the problem. It was reported that as nearly as could be estimated at this time by the Finance Committee there was budgeted over estimated revenue to the Institution‘s departments and divisions $51, 000, and no'provision had been made for meeting the University's financial obligations should legislation be enacted by the State Legislature which is now in session qualifying the University under the Federal Social Security Act. Reported by Regent Culp, Chairman of the Building and Grounds Committee: Park Building Remodelling Bids were opened on November 10, and the low BUILDING COMMITTEE bid, $33, 658. 00, was submitted by the Olson Construc- REPORT tion Company. This represented a saving of more than 50% over the original estimate of the architects, which was from $75, 000 to $77, 000. Because of the low bid, it will be possible to reinstate some of the items which were included as alternates. Heating BM Plans are progressing satisfactorily. Classroom Building $126, 000 less The low bid was $574, 000, which was than the architect's estimate. |
