Repository: UIHistories Project: Board of Trustees Minutes - 1968 [PAGE 1141]

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1968]

UNIVERSITY OF ILLINOIS

1089

These reserved amounts include a "federal funding reserve" to be used to make up the difference between the estimated and realized funding. In accordance with the procedure adopted by the Board of Higher Education on October 3, 1967, and in order to complete construction as planned, it is necessary that the University request the Board of Higher Education and the Illinois Building Authority to release $1,460,000 from the "federal funding reserve." Cost consultants to the Illinois Building Authority have projected substantial escalation of construction costs, and in view of the probable delay on this project in anticipation of the federal grant, plus the probability that the federal grant will be substantially below that requested, the University requests permission to proceed without the federal grant if the funds in the above amount are released by the Board of Higher Education. On motion of Mr. Jones, this recommendation was approved by the following vote: Aye, Mr. Clement, M r . Grimes, M r . Harm, M r . Hughes, M r . Jones, M r . Swain, Mr. Williamson; no, n o n e ; absent, M r . Page, Mr. Pogue, Governor Shapiro, Dr. Weatherly.

REQUEST FOR RELEASE OF FUNDS FOR CONSTRUCTION OF ADDITION TO LIBRARY BUILDING. URBANA

(21) The President of the University with the concurrence of appropriate administrative officers, recommends that the University request the Board of Higher Education to release $131,105 from the "Reserve for Unrealized Funding" in order to permit the receipt of bids and finance the construction costs on the Library Addition at the Urbana-Champaign campus. The Illinois General Assembly declared in the public interest the construction of the Library Addition in the amount of $1,836,200, including $131,105 to be financed from federal funds. The federal grant (Title I) of $131,105 has been approved. The plans and contract documents have been completed, and bids could be received from contractors on August 6, 1968. However, approval to advertise for the receipt of construction bids must be obtained from the Department of Health, Education, and Welfare; this is not possible under the existing "freeze" on federal funds. In addition, the University submitted an application for a Title II grant in the amount of $407,936. It was realized when the application was submitted that there was little hope that it would be approved. The University has now been told that the application would not be reviewed until the Spring of 1969 and funds would not be available, even if approved, until fiscal 1970. As noted in the preceding agenda item, while the total funds required to complete construction are within the amount declared in the public interest by the Seventy-fifth General Assembly, the Board of Higher Education has arranged with the Illinois Building Authority that the Authority will not use a portion of the amount declared by the General Assembly to be in the public interest until the State Board specifically approves such use. In accordance with the procedure adopted by the Board of Higher Education, and in order to complete construction as planned, it is necessary that the University request the Board of Higher Education and the Illinois Building Authority to release $131,105 from the "Reserve for Unrealized Funding." In view of the indefinite period of the "freeze," the escalation of construction costs, and the small percentage of the approved grant to the project cost, the University requests permission to proceed without the use of the federal grant if the above amount is released by the Board of Higher Education.

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. Swain, Mr. Williamson; no, none; absent, Mr. Page, Mr. Pogue, Governor Shapiro, Dr. Weatherly.

CONTRACTS FOR REMODELING MUMFORD HALL. URBANA

(22) The President of the University, with the concurrence of appropriate administrative officers, recommends award of the following cost-plus contracts based