Repository: UIHistories Project: Board of Trustees Minutes - 1968 [PAGE 751]

EXTRACTED TEXT FROM PAGE:

1967]

UNIVERSITY OF ILLINOIS

699

It has been proposed that the payments be funded as follows:

,ri . ^ First Year Second Year Third Year Fourth Year Fifth Year Library gifts and grants (non-state funds) J25 000 00 ?25 000 00 125 000 00 f 25 000 00 University of Illinois Foundation.. 750000 7 5 0 0 00 750000 7 500 00 J20 000 00 Contract Research Reserve 7 500 00 7 500 00 7 500 00 7 500 00 20 000 00 ?40 000 00 ?40 000 00 $40 000 00 S40 000 00 £40 000 00

Fifty_thousand dollars of the purchase price will be furnished by the University of Illinois Foundation over the period of the purchase pursuant to action taken by the Board of Directors of the University of Illinois Foundation on February IS, 1967. T h e Dean of Library Administration and the Vice-President and Comptroller recommend that T h e Board of Trustees of the University of Illinois accept the proposed gift of 350 volumes of the T. W . Baldwin Library as described above and that the purchase of the remainder of the library on the terms outlined above be approved and that the purchase be funded as proposed, subject to the availability of funds. T h e Chancellor at Urbana endorses this recommendation. I concur.

On motion of Mr. Swain, these recommendations were approved.

PURCHASES (6) The President submitted, with his concurrence, a list of purchases recommended by the Director of Purchases and the Vice-President and Comptroller. The list of purchases recommended for Board approval was 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. The total amounts of these purchases were: From Appropriated Funds $161 147 00 From Institutional Funds 461 618 88 Grand Total $622 765 88 A complete list of the purchases recommended, with supporting information, including the quotations received, was sent to each member of the Board in advance of the meeting and a copy has been filed with the Secretary of the Board for record. O n m o t i o n of M r . C l e m e n t , t h e p u r c h a s e s r e c o m m e n d e d w e r e authorized. INCREASE IN CONTRACT FOR PHASE I CONSTRUCTION OF CHICAGO CIRCLE CAMPUS (7) The Director of the Physical Plant and the Vice-President and Comptroller recommend an increase of $41,866.30 in the contract with Gust K. Newberg Construction Co., Chicago, for construction of Chicago Circle Campus Phase I. This increase is for additional work by Fischbach, Moore & Morrissey, Inc., Chicago ($25,000), based on changes in air handling fixtures in the Library, changes in electrical wiring and modifications in electrical fixtures at various locations on the campus, and repair of work damaged by others. It also includes $16,866.30 to Gust K. Newberg Construction Co. for additional reinforcing steel required and for window glass breakage replacements. The foregoing will complete the construction work in Phase I, and final payment could be made to the Gust K. Newberg Construction Co. upon presentation of the waivers and releases called for by the contract documents. Because of pending litigation, it is not feasible for the Gust K. Newberg Construction Co. to obtain the necessary waivers and releases from one of the subcontractors assigned to it by the University. It is therefore recommended that payment of all unpaid balances to the Gust K. Newberg Construction Co. be authorized upon that contractor executing and delivering an undertaking, in a form satisfactory to the Legal Counsel