UA-R-GC-1914-01-01-1926-10-29_Page-058

Appendix F. October 29, 1926. REPORT OF COMMITTEE ON GROUNDS AND BUILDINGS TO THE BOARD OF TRUSTEES Of THE AMERICAN UNIVERSITY AT CAIRO For the Year 1925-26. Meetings held: Two meetings of the Committee on Grounds and Buildings have been held during the year: one in Philadelphia on October 27, 1926, and the other in New York on October 29, 1926. The following summary gives the chief items upon which action was taken. 1. The Committee approved the appointment of Mr. Martin P. yeterson to act as Superintendent of Construction on the new auditorium, in accordance with the terms of the contract drawn by iMir. Lum. 2. Mr. Lure reported that $53,000 had been paid on the pledge of $100,000 for the auditorium. The next payment of $,33,000 is due on January 192.7, and the re-maining $14,000 can probably be secured when it is needed. The funds paid in to date have yielded interest amounting to approximately $1800. ). Dr. V atson reported on the progress of the auditorium building, stating that the foundation had been completed, and that in all probability the whole building would be finished in the summer and ready for occupancy in the fall of 1927. He mentioned especially the splendid work which is being done by Mr. yeterson as Superintendent of Construction, and stated that he had proved invaluable in conserving the strength of the members of the faculty who might otherwise have had to attend to this phase of the work; in saving money for the University ($1500 was saved on a single contract) ; and in insuring that the quality of materials and the character of workmanship were as specified. 4. Dr. Watson presented plans for a new library and S.O.S. building. The Committee, after a thorough study of the situation, sanctioned the plans as the basis of an appeal to be presented to the Carnegie Corporation. 5. The Com:,tittee approved the action of the Finance Committee in sanctioning borrowing $22,500 for building a wing to the auditorium, the carrying charges and payments on the principal sum to be paid off annually be rentals from the three faculty apartments to be included in the proposed building, all said rentals being a part of the annual budget of the Univ-ersity for current expenses. 6. Mr. Lum reported that $5,000 has been secured for the purchase of the Mandara property and is on deposit in a savings bank until the title to the land can be cleared. It is understood that this $5,000 is in the nature of a loan from Trustees on which interest is expected. 7. Suburban Property - There is an unpaid balance of $1761.13 on the net cost of the suburban property. A check for this amount should be sent to the Bursar in Egypt. 5