Repository: UIHistories Project: Board of Trustees Minutes - 1970 [PAGE 146]

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146

BOARD OF TRUSTEES

[October 16

pose of offsetting cost increases determined by actual bid experience. In accordance with this procedure adopted by the State of Illinois Board of Higher Education at its meeting on October 3, 1967, and in order to complete construction as planned, it is necessary that the University request the State of Illinois Board of Higher Education and the Illinois Building Authority to release the $116,500 in the "cost increase reserve" for this project Assuming the release of the "cost increase reserve" as stated above, the project budget will still be $592,555 in excess of the amount declared to be in the public interest for this particular project by the Seventy-fifth General Assembly. However, the Act provides that the cost of any specific project may exceed the amount set forth therefor provided that the aggregate amount to be financed by the Illinois Building Authority for each Board is not exceeded. In order to finance this deficit, it will be necessary to request the Illinois Building Authority to allocate to this project an additional $592,555 from the funds declared to be in the public interest and which are available from amounts not required for the Small Animal Clinic Buildings. T h e Authority will finance the construction and will lease the facilities to the University. Jurisdiction of the land upon which the project will be constructed is being transferred to the Authority. Accordingly, the President of the University, with the concurrence of appropriate administrative officers, recommends: 1. T h e State of Illinois Board of Higher Education and the Illinois Building Authority be requested to release the $116,500 "cost increase reserve" to this project. 2. T h e Illinois Building Authority be requested to allocate an additional $592,555 to this project from the funds declared to be in the public interest for the Small Animal Clinic Buildings for the use of the Board of Trustees of the University of Illinois. 3. T h e Board of Trustees request the Illinois Building Authority to award a construction contract for the sum of $1,575,000 to J. D. P . Associates, Inc., Terre Haute, Indiana, the low base bidder, and proceed to procure this facility for the use of the University. T h e President also recommends that the Comptroller and the Secretary of the Board be authorized to make, execute, acknowledge, and deliver such instruments of transfer, conveyance, lease, contract, and other documents as are necessary to provide for the carrying out of the foregoing project and facility by the Illinois Building Authority. T h e President further recommends the adoption of the resolutions submitted herewith to implement the official actions required, including authorization of the instrument of transfer of jurisdiction of real estate to the Illinois Building Authority. Attached herewith is a report of the Physical Plant Planning and Construction Office, including a schedule of the bids received, a copy of which is being filed with the Secretary of the Board for record. Resolution WHEREAS the Seventy-fifth General Assembly of the State of Illinois has declared it to be in the public interest that the Illinois Building Authority construct, on behalf of T h e Board of Trustees of the University of Illinois, an Addition to the Freer Gymnasium (Women's Gymnasium) at the Urbana Campus of the University of Illinois in Urbana, Illinois; and WHEREAS for that purpose it will be necessary for the Illinois Building Authority to acquire jurisdiction of the real estate upon which said building will be located; and WHEREAS The Board of Trustees of the University of Illinois, a public corporation of the State of _ Illinois with its principal office in Urbana, Illinois has been requested by the Illinois Building Authority to transfer jurisdiction of said real estate for the construction of said building. Now, Therefore, Be It and It Is Hereby Resolved, by T h e Board of Trustees of the University of Illinois at its October 16, 1968 meeting, as follows: T h a t the Comptroller and the Secretary of T h e Board of Trustees of the University of Illinois be and they are hereby authorized to execute, acknowledge and deliver, in the name and on behalf of this corporation, an instrument of