Repository: UIHistories Project: Board of Trustees Minutes - 1936 [PAGE 503]

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I936]

UNIVEESITY OF ILLINOIS HISTORY OF THE APPLICATION FOR FUNDS

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The President of the University presented also a statement outlining the steps taken in the matter of securing Federal funds for the construction of the Medical and Dental Building.

By authority of the Board of Trustees an application was made on June 28, 193S, to the Federal Emergency Administration of Public W o r k s for a grant, or grant and loan, of $1,400,000 for the construction of the second unit of the Medical and Dental College Laboratories Building. T h e original application was for a full g r a n t ; subsequently, on advice from the Federal authorities that such a grant could not be made, the application was revised requesting a loan and a grant. In order to meet the Federal requirements relating to the distribution of construction costs between labor and_ materials, it was necessary to eliminate the laboratory equipment item, reducing the grant and loan to $1,220,000. On September 25, 1935, the Federal Government approved a grant of $366,000 and a loan of $854,000 (on the basis of a grant of 30 per cent and a loan of 70 per cent) to be repaid over a period of twenty years. Bids were called for on the construction of this unit without the laboratory equipment, were opened on November 25, and presented to the Board on N o vember 27, 1935. As reported to the Board, these bids exceeded the total amount of funds allowed, making it necessary to secure an increase in the loan (an increase in the grant not being possible) from the Federal Emergency Administration of Public W o r k s in order to start construction. Accordingly, the Board authorized the President of the University to make an application for a loan of such an additional amount as may be necessary (but not to exceed $250,000). Further study of the bids and necessary incidental expenses in the construction of the building indicated that an increase of $236,745, above the Federal loan and grant of $1,220,000, was needed, and an application for an additional loan of this amount was made to the Federal Emergency Administration of Public W o r k s on November 28, 1935. On January 7, 1936, the Federal Emergency Administration of Public W o r k s advised that on December 28, 1935, the Administrator approved an additional loan of $237,000, or a total loan of $1,091,000 for this project, in addition to the grant of $366,000 approved on September 25, 1935. Following is an analysis of the estimated cost of building this second unit, and a statement of the amounts needed for the initial financing, and for the annual payments on it, as a project of the Federal Emergency Administration of Public W o r k s :

ANALYSIS OF B I D S RECEIVED NOVEMBER 25, 1935

( P r e p a r e d by Physical Plant Department) Summation of Low Bids General $964 860 Elevators 53 700 Electrical 69 975 Plumbing 112 900 Heating 77 378 Ventilating 56 777 Less Accepted Alternates General No. 1 12 250 Plumbing No. 3 230 Other Budget Items Professional Fees (Additional) Administrative Expense Contingencies Total financed through Federal Government

?' 335 59° 12 480 44 3«> 13 600 75 99° $1 323 "o

»33 890 $1 457 000