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Caption: Board of Trustees Minutes - 1968 This is a reduced-resolution page image for fast online browsing.
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EXTRACTED TEXT FROM PAGE:
1968] UNIVERSITY OF ILLINOIS 905 and removal of the Old Power Plant and Incinerator Building at the Medical Center campus. Funds for this work are available from state capital appropriations for 1967-69 and have been released by the Governor. On motion of Mr. Grimes, this contract was awarded by the following vote: Aye, Mr. Clement, Mr. Grimes, Mr. Hahn, Mr. Jones, Mr. Pogue, Mr. Swain; no, none; absent, Mr. Hughes, Governor Kerner, Mr. Page, Dr. Weatherly, Mr. Williamson. LEASE WITH THE ILLINOIS BUILDING AUTHORITY CIVIL ENGINEERING BUILDING AND ADDITION AT URBANA (18) The Board of Trustees on July 26, 1967, authorized the Comptroller and the Secretary of the Board to execute the necessary documents to permit the Illinois Building Authority- to proceed with the Civil Engineering Building and Addition at Urbana-Champaign, also known as Civil Engineering Building, Phase Ila, which the Seventy-fifth General Assembly of the State of Illinois had declared to be in the public interest. The Board of Trustees at its meeting on December 20, 1967, requested the Illinois Building Authority to award a contract for the construction. The capital costs of the project, including the construction award, are to be financed by Illinois Building Authority funds in the sum of $2,100,000, the balance to come from federal funds and state appropriations to the University. In addition to these amounts, the sum of $571,000 will be utilized from Civil Engineering Building (Phase I) funds, pursuant to the revised budget for that project, Project IBA 73-07, as approved by the members of the Illinois Building Authority at its meeting on January 24, 1968. The Illinois Building Authority has now sent the University the form of the permanent lease which should be used on this project and has requested that the Board of Trustees take specific action to approve the same. A copy of said lease form is presented herewith and is being filed with the Secretary of the Board for record. The lease relates to the following project and is on the terms indicated: Annual Renl Due September 1,1968, and on or before September 1 of Each Year Thereafter to June SO, 1990 $151 630 00 Project Civil Engineering Building and Addition, UrbanaChampaign Leoiilative Declaration $3 528 500 00 JBA Project Cost $2 100 000 00 Amount of Rental Heretofore Paid Under Interim Lease $398 990 00 Total Rental Paymentt $3 734 850 00 Funds for rental payments under the lease during the current biennium 1967-69 are available to the University from appropriations made by the Seventy-fifth General Assembly. The President recommends that the Comptroller and the Secretary of the Board of Trustees be given specific authorization to execute this lease in substantially the form presented in this meeting and that the following resolution be adopted. Resolution Authorizing Leasing of Civil Engineering Building and Addition at Urbana-Champaign, Also Known as Civil Engineering Building, Phase IIA, from the Illinois Building Authority WHEREAS The Board of Trustees of the University of Illinois on July 26, 1967, authorized the Comptroller and Secretary of the Board to execute the necessary documents to permit the Illinois Building Authority to proceed with certain University projects which the Seventy-fifth General Assembly of the State of Illinois had declared to be in the public interest; and WHEREAS in accordance with the Illinois Building Authority Act the Seventyfifth General Assembly of the State of Illinois has declared, among others, the following University of Illinois project at Urbana-Champaign to be in the public interest:
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