Repository: UIHistories Project: Board of Trustees Minutes - 1968 [PAGE 726]

EXTRACTED TEXT FROM PAGE:

674

BOAED OF TRUSTEES

[July 26

Aviation Administration, for and in behalf of the United States, in the words, figures and form as hereinabove set forth, and that it shall enter into a Grant Agreement with the United States by causing the Acceptance thereof, in the words, figures and form as hereinabove set forth, to be duly executed in its name and for and in its behalf. 2. That to accomplish the foregoing, H . O. Farber, Comptroller, be and he is hereby authorized and directed to execute, for and in behalf of The Board of Trustees of the University of Illinois, the said Acceptance of the said Grant Offer, and that Earl W . Porter, Secretary, be and he is hereby authorized and directed to attest said execution and to impress thereon the Official Seal of The Board of Trustees of the University of Illinois. 3. That the Project Application dated April 21, 1967, executed and submitted to the Federal Aviation Administration by T h e Board of Trustees of the University of Illinois, relating to F A A Project No. 9-11-026-C705, including all statements, representations, warranties, covenants, and agreements contained therein, be and the same is hereby ratified and adopted. 4. That the Agency and Participation Agreement attached thereto and by reference made a part thereof, entered into on the 21st day of April, 1967, by The Board of Trustees of the University of Illinois, and on the 8th day of May, 1967, by the State of Illinois, Department of Aeronautics, be and the same is hereby confirmed and ratified. O n m o t i o n of M r . S w a i n , t h e f o r e g o i n g r e s o l u t i o n w a s a d o p t e d . LEASE AGREEMENT W I T H J. M. JONES CO., URBANA (34) The J. M. Jones Co., Urbana, has offered to construct a hangar at the University of Illinois-Willard Airport. Upon its completion, the hangar would become the property of the University. In return, the University would be asked to lease the hangar, and the land upon which it is constructed, to the company at a nominal rental for ten years, subject to renewal for an additional five-year period. The University's only other obligation would be to furnish utilities to the site and provide for exterior maintenance of the building. Plans and specifications will be approved by the University, and the supervising engineer at the Airport will supervise construction. No aircraft or other maintenance will be performed in the hangar without specific University approval. The improvements will increase the University's physical assets by at least $20,000 to $45,000. The Director of the Institute of Aviation and the Vice-President and Comptroller recommend approval of the lease. I concur and recommend that the Comptroller and the Secretary of the Board of Trustees be authorized to execute the lease and other necessary documents. O n m o t i o n of M r . G r i m e s , t h i s r e c o m m e n d a t i o n w a s a p p r o v e d b y t h e following vote: Aye, M r . Clement, M r . Grimes, M r . H a h n , M r . H u g h e s , M r . Johnston, M r . Page, M r . Pogue, M r . S w a i n ; no, none; absent Mr. Jones, Governor Kerner, Dr. Weatherly. LEASES WITH THE ILLINOIS BUILDING AUTHORITY FOR PROJECTS IN THE 1 9 6 7 - 6 9 BIENNIUM (35) The Seventy-fifth General Assembly declared certain buildings and projects for the University of Illinois at the Chicago Circle, Medical Center, and Urbana campuses to be in the public interest, thereby indicating the funding of these projects could be accomplished by the Illinois Building Authority. The declaration also provides that the cost of any specific project can exceed the amount set forth so long as the aggregate amount stated therein to be financed by the Authority for the University is not exceeded. The Illinois Building Authority Act contemplates that a transfer of jurisdiction of the property on which the projects are to be constructed will be made to the Authority, and that lease agreements between the Authority and the University will be executed, providing for the construction of specified projects by the Authority and their use by the University. Funds for the payment of rental to the Authority during the current biennium are available from state appropriations to the University. The Vice-President and Comptroller and the Director of the Physical Plant