| |
| |
Caption: Board of Trustees Minutes - 1990
This is a reduced-resolution page image for fast online browsing.
EXTRACTED TEXT FROM PAGE:
1992] UNIVERSITY OF ILLINOIS 559 It is further recommended that the comptroller and secretary, subject to the approval of the university counsel as to legal form and content, be authorized to execute the appropriate interagency agreement as described hereinabove. On motion of Mr. Boyle, these recommendations were approved by the following vote: Aye, Mr. Boyle, Mrs. Calder, Mr. Downey, Mr. Grabowski, Mrs. Gravenhorst, Mr. Lamont, Ms. Reese, Mrs. Shepherd; no, none; absent, Dr. Bacon, Governor Edgar. (The student advisory vote was: Aye, Ms. Caporusso, Mr. Mitchell; no, none.) Cogeneration Engine Repairs (45) The board previously authorized the issuance of $16,785,000 in certificates of participation to allow for the purchase of two cogeneration engines, generators, and the construction of a building for the cogeneration of electricity and high temperature water for the Chicago campus. Because of the problems with the performance of the general contractor the University found it necessary to retain another contractor to move the engines from the rail yard to the new building. On April 29, 1992, the first engine, which weighs 170 tons was dropped as it was being moved from the rail car to the transport, resulting in an unknown amount of damage. The engine, which was specially constructed for this project, took a year to build and cost over $3,000,000. It is necessary to return the engine to the factory in Pennsylvania for inspection and repair for the company to stand behind the warranties on the engine. Since the amount of damage is unknown at this time, repairs by the company will be on a time and material basis. Negotiations are continuing with various insurance companies and related parties regarding responsibility and payment of the costs of repair, as well as costs associated with the delay. The vice president for business and finance recommends that he be authorized to expend the necessary funds to return the engine to the manufacturer, implement the necessary inspection and repairs, and provide for the transportation of the engine to the cogeneration facility in order that the project can continue and not be further delayed. I recommend approval. O n m o t i o n o f Mr. B o y l e , this r e c o m m e n d a t i o n was a p p r o v e d by t h e f o l l o w i n g v o t e : A y e , Mr. B o y l e , Mrs. Calder, Mr. D o w n e y , Mr. Grabowski, Mrs. G r a v e n h o r s t , Mr. L a m o n t , Ms. R e e s e , Mrs. S h e p h a r d ; n o , n o n e ; a b s e n t , Dr. B a c o n , G o v e r n o r Edgar. ( T h e s t u d e n t advisory v o t e was: A y e , Ms. C a p o r u s s o , Mr. Mitchell; no, none.) Purchases (46) The president submitted, with his concurrence, a list of purchases recommended by the directors of purchases and the vice president for business and finance. The purchases were presented in two categories: purchases from appropriated funds (i.e., from State appropriations to the University); and purchases from institutional funds. The latter term designates funds received by the University under contracts with the United States government, private corporations, and other organizations; grants from foundations, corporations, and other donors; and University revolving funds authorized by law. The total amounts of these purchases were:
| |
