Repository: UIHistories Project: Board of Trustees Minutes - 1986 [PAGE 478]

EXTRACTED TEXT FROM PAGE:

1986]

UNIVERSITY OF ILLINOIS

467

Division III — Heating, Piping, Refrigeration, and Temperature Control Economy Mechanical Industries, Inc., Wheeling

Base Bid Alt. H-15

$ 1 465 000 1 600 1 466 600

Division IV — Ventilation and Air Distribution The Zack Company, Chicago

Base Bid Alt V-15

$

365 630

960

366 590

Division V — Electrical G & M Electrical Contractors Co., Chicago

Base Bid Alts. E-15 and E-16

$ 2 095 000 60 500

2 155 500 $18 562 691

Total

It is further recommended that all contracts, other than the contract for general work, be assigned to the contractor for general work. It is also recommended that the project architect, Solomon, Cordwell, Buenz & Associates, Inc., be employed to provide the full architectural and engineering services required during the construction phase of the project. The amount of the lump-sum fee and authorized reimbursements will be presented for consideration by the Board of Trustees at its February 1986 meeting. The cost of the professional services plus authorized reimbursements required prior to the February 1986 action by the board will not exceed $35,000. Funds are available from the proceeds of the Series 1985 Auxiliary Facilities Revenue Bonds Issue. A schedule of the bids received has been filed with the secretary of the board for record. O n m o t i o n of M r . H o w a r d , these contracts were a w a r d e d by the foll o w i n g v o t e : Aye, M r s . D a y , M r . Forsyth, Mrs. Gravenhorst, M r . H a h n , M r . H o w a r d , M r . L o g a n , M r . M a d d e n , M r s . S h e p h e r d , Miss S m i t h ; n o , n o n e ; absent, Governor T h o m p s o n . ( T h e student advisory v o t e w a s : Aye, M r . Becker, M r . L a m m ; n o , none.)

Report of Investment Transactions through December 15,1985

(23) The comptroller presented the investment report as of December 15, 1985. Date Number Description Cost/Yield Amount

Transactions under Finance and Audit Committee Guidelines

Sales: 10/17 2 10/18 2 11/4 3 11/4 2 11/8 4 11/14$ 900 shares 600 shares 300 shares 000 shares 300 shares 19 000 Hitachi Limited common stock $ 88 494 50 $ Union Electric common stock 33 037 79 Chevron common stock I l l 211 11 Montana Power common stock 51 360 00 Chevron common stock 144 911 45 Chevron demand notes 19 000 00 91 45 129 59 159 19 114 615 322 378 374 000 95 47 68 01 17 00