Repository: UIHistories Project: Board of Trustees Minutes - 1988 [PAGE 255]

EXTRACTED TEXT FROM PAGE:

1987]

UNIVERSITY OF ILLINOIS

245

The student advisory vote was: Aye, Mr. Filip, Mr Starkeson; no, none.)

Project Budget and Funding Distribution (Dollars in Thousands)

Illinois Division of Aeronautics $3 422' 138' 50" 447" 365' 35^ $4 457 University of Illinois $ 448 160 57 402 657 876 $2 600 4 Champaign County Total $4 000 $ 8 793 298 257 2 324 1 090 911 $13 673'

Project Federal 1. Terminal Building 1 . $ 923 Utilities 2. Land acquisition . . 150" 3. Apron and connecting taxiways . . . . 1 475 4. Access road 68 5. Parking lots Total $2 616

1

$4 000

Federal participation in the Terminal Building is limited by: (a) Maximum contribution of 60 percent of entitlement funds; (b) Maximum of 50 percent of the cost of public-use, nonrevenue-producing areas; (c) No discretionary funds permitted. 3 State appropriation of $3,560,000. * Includes State and local share; the Division of Aeronautics provides a portion of the local share. * Revenue bonds funded by airport income. 1 Approximately $200,000 available from 1973 grant. * Excludes the costs of movable equipment estimated to be approximately $350,000.

An Intergovernmental Agreement Between the County of Champaign and The Board of Trustees of the University of Illinois for a Financial Contribution to the University of Illinois—Willard Airport Expansion Project

This agreement made and entered into this 9th day of April 1987, by and between the County of Champaign, a unit of local government ("the County"), and the Board of Trustees of the University of Illinois, a public corporation ("the University"). Witnesseth: Whereas, the University and the County are each authorized pursuant to Article VII of the Illinois Constitution of 1970 and the Intergovernmental Cooperation Act as set forth in Illinois Revised Statute, Chapter 127, paragraph 741 et.seq., to contract or otherwise associate among themselves, with the State, and with the United States, to obtain or share services and to exercise, combine, or transfer any power or function, in any manner not prohibited by law or by ordinance; and Whereas, the Illinois Constitution of 1970 further provides that participating units of government may use their credit, revenues, and other resources to pay costs and to service debt related to intergovernmental activities; and Whereas, the financing of a public airport within the County constitutes a use of public funds, property, or credit for a public purpose; and Whereas, the University, pursuant to Illinois Revised Statute, Chapter 144, section 78a, has authority to operate an airport; and Whereas, the University operates the University of Illinois-Willard Airport located within the boundaries of Champaign County; and