Caption: Board of Trustees Minutes - 1968
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820 GRADUATE HOUSING BOARD OF TRUSTEES [November 10 Purchase $207 000 U.S. Treasury bills due 12/21/67 KRANNERT CONTRIBUTIONS 204 778 20 Purchase $ 8 000 Commercial Credit Co. open-end demand notes 285 500 Beneficial Finance 6 per cent notes due 6/29/73 ORCHARD APARTMENTS 8 000 00 285 500 00 Purchase $255 000 U.S. Treasury bills due 11/16/67 UNION (Chicago Circle) Purchase $35 000 U.S. Treasury bills due 11/9/67 Sinking Funds M E N ' S RESIDENCE H A L L S OF 1957 252 441 50 34 768 07 Excritin EG $133 000 U.S. Treasury 3j4 per cent notes due 8/15/67 for 133 000 U.S. Treasury 4j4 per cent notes due 5/15/72. Purchase $ 80 000 U.S. Treasury zyA per cent bonds due 8/15/68 115 000 U.S. Treasury 4 per cent bonds due 2/15/69 STUDENT SERVICES BUILDING 78 975 00 113 418 75 Purchase $37 000 U.S. Treasury zyA per cent bonds due 8/15/68 36 525 94 10 000 U.S. Treasury 4 per cent bonds due 2/15/69 9 862 50 UNION (Chicago Circle) Purchase $271 000 U . S . Treasury bills due 3/22/68 263 719 81 T h i s r e p o r t w a s r e c e i v e d for r e c o r d . DIXON SPRINGS AGRICULTURAL CENTER (21) Personnel responsible for the operation of the Dixon Springs Agricultural Center have long felt a need for improvement of the landing strip at that installation. T h e State of Illinois Department of Aeronautics has indicated a willingness to participate in the paving and marking of the North-South runway (2,000 feet by 60 feet) and to pay 100 per cent of the estimated cost of construction. T h e estimated cost of construction of the project is $45,000. In order to secure the construction of these facilities, it will be necessary for the University to enter into a Limited Agency and Participation Agreement with the Department of Aeronautics of the State of Illinois. This Agency and Participation Agreement will authorize the Department of Aeronautics to act as the agent of The Board of Trustees of the University of Illinois in the preparation of specifications for the project and in letting and awarding construction contracts required by the project and in other respects common to such Agency and Participation Agreements heretofore entered into by the University and the Department of Aeronautics. Under this arrangement, the University shall act as the sponsor of the project and shall act as the contracting party in all construction contracts necessary to the project. However, all the funds necessary for the completion of the project will be supplied by the Department of Aeronautics. T h e President and the Director of the Institute of Aviation recommend that the Comptroller and the Secretary of the Board be authorized to execute such a Limited Agency and Participation Agreement with the Department of Aeronautics of the State of Illinois with respect to this project and that said officers be further authorized to execute such other contracts, documents, or agreements as may be necessary to complete the project and as may be approved for execution by the Legal Counsel. O n m o t i o n of M r . S w a i n , t h i s 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 .
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