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Caption: Board of Trustees Minutes - 1986
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1986] UNIVERSITY OF ILLINOIS 539 Specifically, for the first five-year period, the consultants have recommended the following three major improvements to meet current needs and those projected through 1995: (1) a new airline passenger terminal complex; (2) a 1,200 feet extension to the southwest end of runway 4-22, lengthening it to 6,500 feet; and (3) a new 3,300 feet general aviation runway parallel to runway 14-32. In addition, the consultants have recommended the acquisition of 84 acres of land in the southeast quadrant of the airport, the site of the new terminal. A new airport layout plan, showing all existing facilities and the improvements recommended for the next twenty years, also has been submitted by the consultants. The chancellor at Urbana-Champaign has recommended acceptance and approval of the master plan update and the airport layout plan. I concur. O n motion of Mrs. Gravenhorst, this recommendation was approved. By consensus, the board agreed that one roll call vote would be taken and considered the vote on each agenda item nos. 18 through 29 inclusive. T h e recommendations were individually discussed but acted upon at one time. ( T h e record of board action appears at the end of each item.) Willard Airport Improvements, 1986-1987 (18) The Federal Aviation Administration and the Illinois Department of Transportation, Division of Aeronautics, have advised the University of the availability of Federal funds for airport improvement projects totalling $755,725 for Fiscal Year 1986. It is anticipated that a similar amount will be available in FY 1987. (The amount of funds available for airport improvements is based on the number of passengers enplaned in the preceding calendar year.) T h e recently-completed airport master plan update identifies as a first priority the acquisition of 84 acres in the southwest quadrant of the airport and the construction of a new airline passenger terminal complex on that site. T h e estimated cost of land, construction of a terminal building, aircraft apron, connecting taxiways, parking lots, access road, and utilities is $14,349,000, based on a Spring 1987 contract award. The current Airport Improvement Act expires September 30, 1987, and availability of Federal funds is uncertain beyond that time. Consequently, a multiyear project is proposed based upon the following source of financial support: FY 1986 and FY 1987 Federal entitlement funds; a State appropriation provided to the Illinois Department of Transportation to match the Federal entitlement funds; funds available to the Illinois Division of Aeronautics for matching funds for Airport Improvement Program projects; substantial Federal discretionary funds; a revenue bond issue to provide a part of the local share; and funding to the University of Illinois to provide the remainder of the local share. The chancellor at the Urbana-Champaign campus has recommended that the University enter into an Initial Agency and Participation Agreement and submit an application for a Federal grant for the projects described above, with the following distribution of costs:
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