Repository: UIHistories Project: Board of Trustees Minutes - 1970 [PAGE 565]

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1969]

UNIVERSITY OF I L L I N O I S

565

build and finance the facilities, and sublease them to the University at the rental rate described in paragraph 4 below. 2. The University will assign the above-described bid for each division of the work to the Foundation. 3. The University will pay to the Foundation the total sum of $500,000 to assist in the construction and financing of this project. 4. The University will lease the sites for these structures to the Foundation for a thirty-year period or until the Foundation's loan for the financing of this project is repaid, whichever shall first occur, and agree to sublease these facilities from the Foundation upon completion of construction at a rental rate sufficient to amortize the loan of $1,715,000 at 5 per cent annual interest over a period of ten years. Submitted herewith is a report from the Office of Physical Plant Planning and Construction, including a schedule of the bids received, a copy of which is being filed with the Secretary of the Board for record. Funds to meet the University's commitment under the agreement with the Foundation are available in the Faculty-Staff Parking Account.

On motion of Mr. Swain, this recommendation was approved by the following vote: Aye, Mr. Clement, Mr. Grimes, Mr. Hughes, Mr. Jones, Mr. Pogue, Mr. Swain; no, none; not voting, Mr. Hahn; absent, Governor Ogilvie, Mr. Page, Mr. Steger.

REQUEST TO ILLINOIS BUILDING AUTHORITY TO CONTRACT FOR LANDSCAPE CONSTRUCTION TO CIVIL ENGINEERING BUILDING, PHASE IlA. URBANA (26) The President of the University, with the concurrence of appropriate administrative officers, recommends that the Board of Trustees request the Illinois Building Authority to award a contract for landscape construction for the Civil Engineering Building, Phase Ila, Urbana, in the amount of $12,181.65 to Twin City Landscape Service, Inc., Urbana, as the low base bidder for this project. Funds are available in the project budget for this work. Submitted herewith is a report from the office of Physical Plant Planning and Construction, including a schedule of bids received, a copy of which is being filed with the Secretary of the Board for record.

On motion of Mr. Hahn, this recommendation was approved by the following vote: Aye, Mr. Clement, Mr. Grimes, Mr. Hahn, Mr. Hughes, Mr. Jones, Mr. Pogue, Mr. Swain; no, none; absent, Governor Ogilvie, Mr. Page, Mr. Steger.

REQUEST TO ILLINOIS BUILDING AUTHORITY TO CHANGE CONTRACT AND CHANGE IN FINANCING CONSTRUCTION OF MEDICAL RESEARCH LABORATORY A D D I T I O N , MEDICAL CENTER (27) On September 18, 1968, the Board of Trustees requested the Illinois Building Authority to contract for construction of the Medical Research Laboratory Addition at the Medical Center campus. During the course of construction, soil conditions were encountered that required extending the caissons from the anticipated bearing on hard pan clay down to bedrock. The cost estimate formulated at that time indicated that additional costs resulting from the necessary changes would be approximately $260,000, although the cost estimates could not be accurately estimated at that stage of construction. In order to finance the work under the terms of the contract, the Board of Trustees on March 19, 1969, requested the Illinois Building Authority to assign certain work to the University and that the general contractor reduce his contract for certain fixed equipment to finance these costs. During the actual construction on the last caisson, additional foundation problems were encountered which could not have been anticipated. It was necessary to remove unacceptable rock with clay seams until solid bedrock was encountered, which was found to be forty feet below that of the expected depth. This has