Repository: UIHistories Project: Board of Trustees Minutes - 1988 [PAGE 184]

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174

BOARD OF TRUSTEES

[January 15

Although an overall review of the University's investment program is currently being conducted, it is believed that the University should participate in the Common Fund for Intermediate Investments. Accordingly, the comptroller has recommended that the board authorize the use of this fund for intermediate investments. I concur.

On motion of Mr. Forsyth, this recommendation was approved by the following vote: Aye, Mrs. Calder, Mr. Forsyth, Mrs. Gravenhorst, Mr. Howard, Mr. Logan, Mrs. Shepherd, Miss Smith, Mr. Wolff; no, none; absent, Mr. Hahn, Governor Thompson. (The student advisory vote was: Aye, Mr. Filip, Mr. Starkeson; no, none.)

Supplemental Funding, Emergency Power Distribution Network, Chicago (Contract with the Capital Development Board)

(14) On November 14, 1985, the Board of Trustees approved a recommendation to request the Capital Development Board to employ an engineer (Wolfson, Leavitt & Associates, Inc., Chicago) for a Fiscal Year 1986 project for an emergency power distribution network for the west side of the Chicago campus. The project budget was originally estimated and funded by the Capital Development Board at a cost of $291,000 including construction, contingency, and design fees. During the initial design work, the engineer advised that additional funds would be required to increase the scope of work to include ventilation for the room in which the generator and allied equipment are to be housed, for the addition of neutral grounding resistors, and for modifications to the 5,000-volt switchgear. The cost for the additional work is estimated to be $160,000. The Capital Development Board has advised the University that Capital Development Bond funds are not available for this additional work and has asked the University to provide the funds to finance it. The Capital Development Board Act provides that the CDB and the University may contract with each other and other parties on the design and construction of any project to be constructed on University property. Accordingly, the president of the University, with the concurrence of the appropriate administrative officers, recommends that the University contract with the Capital Development Board to undertake the enlarged scope and additional budget of the project at a cost not to exceed $160,000. University funds are available in the FY 1987 institutional funds budget of the Chicago Physical Plant. (The project will provide for the purchase and installation of a new dieseldriven generator and controller in the central emergency generator facility at the Steam Plant. The project is of great importance to the west side medical and academic community, as a recent study determined that current emergency power requirements exceed existing power sources. Major investments in research activities will be safeguarded with the implementation of this new generator.) O n m o t i o n of M r . Forsyth, this 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 by the f o l l o w i n g v o t e : A y e , Mrs. Calder, M r . Forsyth, Mrs. Gravenhorst, M r . H o w a r d , M r . L o g a n , Mrs. S h e p h e r d , M i s s S m i t h , M r . Wolff; n o , n o n e ; absent, M r . H a h n , Governor T h o m p s o n . ( T h e student advisory v o t e w a s : Aye, M r . Filip, M r . Starkeson; n o , none.)