Repository: UIHistories Project: Board of Trustees Minutes - 1968 [PAGE 431]

EXTRACTED TEXT FROM PAGE:

1967]

Project

U N I V E R S I T Y OF I L L I N O I S

379

Fee

Professional Recommended Fred Schmid Associates, Chicago (food service and equipment consultant)

Actual cost of professional p e r s o n n e l at specified hourly rates with the understanding that the cost will not exceed 8 per cent of the final cost of the food service equipment and refrigeration plus 5J-6 per cent of the final cost of the interior furnishings but not to exceed $4,160.00

Funds for all of the above professional services except the Chicago Circle Center remodeling will be financed from the stores and services account until permanent financing is available. Funds for the Chicago Circle Center remodeling are available in the Chicago Circle Center account. The Committee on Buildings and Grounds, the Advisory Committee on the Selection of Architects and Engineers, and the major users of the proposed buildings have been consulted and support these recommendations. I concur.

On motion of Mr. Swain, these recommendations were approved by the following vote: Aye, Mr. Clement, Mr. Dilliard, Mr. Hughes, Mr. Johnston, Mr. Jones, Mr. Pogue, Mr. Swain, Mrs. Watkins, Mr. Williamson; no, none; absent, Governor Kerner, Mr. Page.

LOAN AGREEMENT FOR MARRIED STUDENT HOUSING ORCHARD DOWNS AREA, URBANA (17) The Vice-President and Comtproller presents a Loan Agreement (Contract No. H(402)2801) with the United States Department of Housing and Urban Development whereby the federal government agrees to purchase $2,100,000 of the Housing Revenue Bonds of 1966, Series B, at par and an interest cost of 3 per cent if no other bids are received at equal or lower net interest cost. I recommend that the Comptroller and Secretary of the Board be authorized to execute this Loan Agreement and that bids be taken on March 14, 1967, for the sale of these bonds and $520,000 of Housing Revenue Bonds of 1966, Series A, to provide funds for the construction of 252 married student apartments.

On motion of Mr. Hughes, these recommendations were approved by the following vote: Aye, Mr. Clement, Mr. Dilliard, Mr. Hughes, Mr. Johnston, Mr. Jones, Mr. Pogue, Mr. Swain, Mrs. Watkins, Mr. Williamson; no, none; absent, Governor Kerner, Mr. Page.

PURCHASES (18) The Executive Vice-President and Provost submitted a report of purchases recommended by the President, with the concurrence of the Director of P u r chases and the Vice-President and Comptroller; also a list of purchases authorized by the Executive Vice-President and Provost's Office. The lists of purchases authorized and purchases recommended for Board approval were presented in two categories: purchases from appropriated funds (i.e., from state appropriations to the University) and purchases from institutional funds. The latter term designates funds received by the University under contracts with the United States government, contracts with private corporations and other organizations, funds from foundation grants, and grants from corporations and other donors, and University revolving funds authorized by law. T h e total amounts of these purchases w e r e : From Appropriated Funds Purchases Recommended $107 882 16