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The Secretary then outlined the progress in developing the Quadrangle, including the enactment of the construction authorization, refinements in the design, the significant contributions of Dr. Sackler, the success to date in fund raising, and the prospects for a construction appropriation as well as continued success in private fund raising.  In discussion the Executive Committee explored in detail the reliability of pledges, the amount of cash in hand, the significance of using the Institution's unrestricted trust funds, and contingency plans should the fund raising fail to produces additional resources.  The Committee agreed to recommend to the Regents at the September 20 meeting that the Institution proceed as proposed by will encourage full discussion of the entire subject to assure complete understanding of the circumstances.  This action presumes a construction contract and bid consistent with present expectations.  The Secretary suggested, and the Committee agreed, that the Chairman of the National Associates Board, James M. Kemper, and the Chairman of the Quadrangle Committee, William S. Anderson, be invited to the Regents' meeting.

In addition to the significant actions mentioned under the status report on Personnel, the Secretary announced with regent that Julian T. Euell, Assistant Secretary for Public Service, has decided to leave the Institution September 30 to become the Director of the Oakland Museum of California.

The meeting of the Executive adjourned at 2:30 p.m. at the conclusion of luncheon.