Caption: Board of Trustees Minutes - 1986
This is a reduced-resolution page image for fast online browsing.
EXTRACTED TEXT FROM PAGE:
1985] Date 5/30 5/30 5/30 5/30 5/31 Number $2 000 000 2 000 000 2 000 000 2 000 000 800 000 UNIVERSITY OF ILLINOIS 315 11 00 33 89 00 Description Cost/Yield Amount U.S. Treasury bills due 1 / 2 3 / 8 6 . . . . 7.80% $1 901 891 7.94 1 889 610 U.S. Treasury bills due 2/20/86 8.04 1 877 173 U.S. Treasury bills due 3/20/86 1 864 938 8.10 U.S. Treasury bills due 4 / 1 7 / 8 6 General Motors Acceptance demand 7.54 800 000 notes O n m o t i o n of M r . L o g a n , this report was approved as presented. Contracts for New Running Track and Related Work, Urbana (37) The president of the University, with the concurrence of the appropriate administrative officers, recommends the award of the following contracts, subject to the availability of funds, for the construction of a new running track and the initial grading work associated with the site for the proposed baseball stadium. The award in each case is to the low bidder on its base bid, plus acceptance of the indicated alternates.1 Division I Champaign Asphalt Company and University Asphalt Company, Inc., a joint venture, Urbana Base Bid Alt. 1 . . Alt. 3 . . Alt. 4 . . $1 111 23 75 28 898 483 339 018 $1 238 740 Division II Rekortan Sports Corporation, Seattle, Washington Base Bid Alt. 1 . . Alt. 3 . . Alt. 4 ... $ 359 38 2 45 760 890 178 497 446 325 Division III Remco Electrical Corporation, Champaign Total Base Bid 61 110 $1 746 175 The project consists of constructing an eight-lane, 400-meter running track with inside-jogging-lane and field-event areas, initial grading of the site of the future baseball stadium, and a temporary parking area for 175 vehicles. In addition, the track project includes stabilization of soils, drainage, irrigation, water, and electrical-distribution systems, as well as pavement and pavement bases and all field-event areas and equipment. Security lighting and fencing will be provided. All competition areas will be covered with a synthetic running surface. Provision has been made as well for an automatic timing device to be connected directly to a scoreboard at some future date, plus the addition of lighting for the competitive areas if desired. Private-gift funds held by the University for the benefit of the Athletic Association are available for the track project. It is also recommended that the allocation of $1,672,170 of Athletic Association funds for the track project be confirmed and that the firm of Daily & Associates Engineers, Inc., Champaign, be employed through the construction phase of the project at a fee based on the firm's hourly 1 Alternate 1 is the expansion of the high-jump apron, including an east-west pole vault runway. Alternate 3 is for the construction of a wider asphalt area on the west perimeter of the running track. Alternate 4 covers the dual high-jump and pole-vault runways.
| 
