Repository: UIHistories Project: Board of Trustees Minutes - 1968 [PAGE 721]

EXTRACTED TEXT FROM PAGE:

1967]

UNIVERSITY OF ILLINOIS

669

WHEREAS, such Grant Offer and such Acceptance thereof, duly executed, together shall constitute the Grant Agreement between The Board of Trustees of the University of Illinois and the United States relating to said airport-development project; and WHEREAS, the said Grant Offer is in the words, figures and form following: FEDERAL AVIATION ADMINISTRATION GRANT AGREEMENT Part I-Offer Date of Offer June 28, 1967 University of Illinois-Willard Airport Project No. 9-11-026-C70S Contract No. FA-67-CE-4822 T O : The Board of Trustees of the University of Illinois and State of Illinois, Department (herein referred to as the "Sponsor") of Aeronautics (Co-Sponsors) F R O M : The United States of America (acting through the Federal Aviation Agency, herein referred to as the " F A A " ) W H E R E A S , the Sponsor has submitted to the F A A a Project Application dated April 21, 1967, for a grant of Federal funds for a project for development of the University of Illinois-Willard Airport (herein called the "Airport"), together with plans and specifications for such project, which Project Application, as approved by the FAA is hereby incorporated herein and made a part hereof; and W H E R E A S , the F A A has approved a project for development of the Airport (herein called the "Project") consisting of the following-described airport development: "Reimburse for acquisition of Parcels 1, 2 and 3 and Areas R, S and T." all as more particularly described in the property map and plans and specifications incorporated in the said Project Application; N O W T H E R E F O R E , pursuant to and for the purpose of carrying out the provisions of the Federal Airport Act, as amended (49 U.S.C. 1101), and in consideration of (a) the Sponsor's adoption and ratification of the representations and assurances contained in said Project Application, and its acceptance of this Offer as hereinafter provided, and (b) the benefits to accrue to the United States and the public from the accomplishment of the Project and the operation and maintenance of the Airport as herein provided, T H E F E D E R A L A V I A T I O N AGENCY, FOR AND ON B E H A L F OF T H E U N I T E D STATES, H E R E B Y O F F E R S A N D A G R E E S to pay, as the United States share of the allowable costs incurred in accomplishing the Project, SO percentum of the costs of acquisition relating to Parcels 1, 2 and 3 (comprising the off site portion of the S E instrument clear zone and which, with respect to ownership and purchase units, include Areas R, S and T below referred to) P R O V I D E D , H O W E V E R , that the United States' share of the allowable costs of acquisition allocable to Areas R, S and T (comprising the site for the ALS) shall be 75 percentum of the costs thereof. This Offer is made on and subject to the following terms and conditions: 1. T h e maximum obligation of the United States payable under this Offer shall be $70,694.00 2. T h e Sponsor has completed accomplishment of the land acquisition to which this project relates. The Sponsor shall: ( a ) carry out and complete the Project without undue delay and in accordance with the terms hereof, the Federal Airport Act, and Sections 151.4S-1S1.5S of the Regulations of the Federal Aviation Agency (14 C F R 151) in effect as of the date of acceptance of this Offer; which Regulations are hereinafter referred to as the "Regulations"; ( b ) carry out and complete the Project in accordance with the plans and specifications and property map, incorporated herein, as they may be revised or modified with the approval of the FAA. 3. The allowable costs of the project shall not include any costs determined by the F A A to be ineligible for consideration as to allowability under Section 151.41 (b) of the Regulations. 4. Payment of the United States share of the allowable project costs will be made pursuant to and in accordance with the provisions of Sections 151.57-151.63 of