Repository: UIHistories Project: Board of Trustees Minutes - 1986 [PAGE 141]

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130

Date 10/3

BOARD OF TRUSTEES

[November 15

Number Description Cost/Yield Amount $1 500 000 U.S. Treasury bills due 11/29/84 $1 465 898 40 $1 475 751 25 10/12 6 800 000 U.S. Treasury bills due 12/6/84 6 627 563 30 6 698 708 34 10/22 1 700 000 U.S. Treasury bills due 12/6/84 1 6 5 8 335 80 1 6 8 0 003 75 10/25 1 700 000 U.S. Treasury bills due 12/6/84 1 6 5 8 335 80 1 6 8 2 526 83 10/26 1 500 000 U.S. Treasury bills due 12/13/84 1 4 4 6 458 30 1 4 8 2 000 00 10/29 100 000 U.S. Treasury bills due 11/29/84 96 430 00 99 218 97 Purchases: 9/27 $4 524 200 U.S. Treasury 10.99 percent State & Local Government Obligations due 3/15/87 10.99% $4 524 200 00 10/3 2 000 000 U.S. Treasury bills due 1 2 / 2 7 / 8 4 . . . 10.38 1 952 163 89 10/4 8 700 000 U.S. Treasury bills due 1 2 / 2 7 / 8 4 . . . 10.38 8 494 361 00 10/5 300 000 U.S. Treasury bills due 1 2 / 2 7 / 8 4 . . . 10.35 293 007 25 10/5 1 500 000 First National Bank of Chicago 10.50 percent certificate of deposit due 10/19/84 10.50 1 500 000 00 10/9 32 000 Quaker demand notes 11.03 32 000 00 10/9 2 300 000 U.S. Treasury bills due 1 2 / 2 7 / 8 4 . . . 10.25 2 249 426 83 10/10 5 000 000 U.S. Treasury bills due 1/31/85 10.43 4 841 486 11 10/11 600 000 U.S. Treasury bills due 1 2 / 2 7 / 8 4 . . . 10.05 587 384 83 10/18 96 000 General Motors Acceptance demand notes 10.43 96 000 00 10/19 5 000 Associates demand notes 9.97 5 000 00 10/26 200 000 Tenneco demand notes 9.47 200 000 00 10/29 2 250 000 U.S. Treasury bills due 1 / 2 4 / 8 5 . . . . 9.51 2 199 431 30 10/29 130 000 Merrill Lynch demand notes 10.17 13000000 O n m o t i o n of M r . Stone, this report w a s approved as presented.

Contract, Replacement of Condensate Lines, Chicago

(30) The president of the University, with the concurrence of the appropriate administrative officers, recommends the award of a contract for $103,874 to Oak Brook Mechanical Services, Inc., Elmhurst, the low bidder on its base bid plus acceptance of Alternate No. I.1 The award is for the removal and replacement of condensate lines and the installation of duplicate lines, on the south side of Polk Street west of Wolcott Avenue and on the north side of Polk Street west of Damen Avenue to Ogden Avenue at the Health Sciences Center, Chicago. This portion of the existing lines, a part of the steam distribution system, is over ten years old. It now serves the Chicago Illini Union, the National Society for Crippled Children Easter Seal Building, and the Chicago Medical School. Because of its age, repairs are impractical; rather, it is more economical to replace the facilities before the major part of the heating season. A schedule of bids received has been filed with the secretary of the board for record. Funds are available in the restricted funds budget of the Chicago Physical Plant Steam Plant. •Additive Alternate No. 1 provides for the installation of duplicate condensate lines to be installed parallel to the primary lines, to provide a backup system, if required.