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SMITHSONIAN INSTITUTION    1417

4th and 7th Streets

(3) A plan of the development proposed by the firm of Webb & Knapp to improve Southwest Washington.

On motion duly made, seconded and carried the following resolution was VOTED:

RESOLVED, That the Regents of the Smithsonian Institution reaffirm their belief that from the standpoint of the convenience of visitors to all of the Smithsonian museums and adequacy as to size, the selected site for the National Air Museum on the south side of Independence Avenue from 9th to 12th Streets is the only fully satisfactory site now known to them; That the Regents, having considered the suggested alternative site on the south side of Independence Avenue bridging 7th and 9th Streets, find that is would be inadequate and functionally unworkable, but nevertheless the Regents, recognizing their continuing responsibility to the visiting public and to a coherent plan for the Nation's Capital, will continue to consider alternate sites for the National Air Museum subject to the approval of the National Capital Planning Commission.

CONSIDERATION OF REQUEST FROM EXECUTIVE DIRECTOR OF THE DISTRICT OF COLUMBIA REDEVELOPMENT LAND AGENCY

The Executive Director of the District of Columbia Redevelopment Land Agency had requested that the Regents authorize this agency to acquire land for future museum buildings south of Independence Avenue. After discussion it was unanimously

VOTED to authorize the Secretary to advise the Executive Director of the District of Columbia Redevelopment Land Agency that his request had been considered and at the appropriate time the Board of Regents would discuss the matter further.

REPORT OF THE EXECUTIVE COMMITTEE

Mr. Robert V. Fleming, Chairman of the Executive Committee, presented the position of the two big funds as to book and market value as of June 30, 1955 as follows:

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