Repository: UIHistories Project: Board of Trustees Minutes - 1968 [PAGE 103]

EXTRACTED TEXT FROM PAGE:

1966]

UNIVERSITY OF ILLINOIS

51

rental in the amount of $34,000.00; said sublease to run from the date of the closing of Foundation's permanent loan secured for the financing of said improvements and to extend to June 30 of the first subsequent odd-numbered year thereafter; and which sublease shall contain options giving to this public corporation the right to renew said sublease for successive two-year periods from July 1 of each oddnumbered year to June 30 of the next succeeding odd-numbered year by giving written notice to Foundation between the first and fifteenth day of July in each year when such renewal is to be made, until said sublease is finally terminated by the payment and liquidation of the above-mentioned indebtedness; (4) to commit this public corporation to act as agent for Foundation in the supervision of construction and administration of contracts therefor and change orders thereto, and the administration and service of said indebtedness, and in making payments of and disbursements from and of funds made available by the creditor of Foundation for the purpose of said construction of facilities; and (5) to sign, execute, acknowledge and deliver any and all other documents and instruments deemed necessary or desirable by said Comptroller and said Secretary to accomplish the purpose herein set forth. Be It, and It Hereby Is, Further Resolved by the Executive Committee of The Board of Trustees of the University of Illinois, a public corporation of the State of Illinois, that the bids received on June 30, 1966, for the construction of Parking Program East of Hermitage Street — Phase I, and all rights thereunder, including but not limited to, the right to contract with the bidder, a copy of a schedule of which bids has been filed with the Secretary of the Board of Trustees for record, be and they hereby are assigned to Foundation; and the Executive Committee recommends to The Board of Directors of University of Illinois Foundation that contracts for construction of Parking Program East of Hermitage Street — Phase I be awarded by Foundation as follows : General — Bigane Oil Company, Chicago $135 780 00 Electrical — Midwest Interstate Electrical Construction Company, Chicago ". 57 663 00 Plumbing — J. P. Hopkin's Sewer Contractor, Chicago 11 650 00 Total $205 093 00 T h e S e c r e t a r y of t h e B o a r d a n d C l e r k of t h e C o m m i t t e e r e p o r t e d t h a t a m a j o r i t y of t h e m e m b e r s of t h e B o a r d h a v e i n d i v i d u a l l y , in w r i t i n g , a u t h o r i z e d t h e E x e c u t i v e C o m m i t t e e t o a c t f o r t h e B o a r d in this matter. O n m o t i o n of M r . J o h n s t o n , t h e r e c o m m e n d a t i o n w a s a p p r o v e d , a n d the foregoing resolution w a s adopted by the following vote: Aye, M r . Clement, M r . Johnston, M r s . W a t k i n s ; no, none; absent, none. (Secretary's Note — Phase I will include these a r e a s : the west half of the block bounded by Hermitage Avenue on the west, Taylor Street on the south, Paulina on the east, and Polk Street on the north, bisected by the Chicago Transit Authority Elevated Railroad; the south half of the block bounded by Paulina on the west, Taylor on the south, Marshfield Avenue on the east, and Polk Street on the north; the southwest one-quarter of the block bounded by Marshfield on the west, Taylor on the south, Ashland Avenue on the east, and Polk Street on the north.) (Phase II, which is scheduled for construction next year, is the east half of the block bounded by Hermitage, Taylor, Paulina, and Polk, east of the elevated tracks.)

The business of the Executive Committee having been concluded, on motion of Mr. Johnston, the Committee adjourned. The Executive Committee of The Board of Trustees of the University of Illinois

A. J. JANATA

Secretary and Clerk

W A Y N E A. JOHNSTON FRANCES B. W A T K I N S HOWARD W. CLEMENT,

Chairman