Repository: UIHistories Project: Board of Trustees Minutes - 1968 [PAGE 881]

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1967]

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

829

Director of Public Information, Chicago Circle; and the following officers of the Board, Mr. H. O. Farber, Comptroller, and Dr. Earl W. Porter, Secretary.

TRIBUTE TO WAYNE A. JOHNSTON

Mr. Swain spoke of the profound regret of those present at the sudden death of Mr. Wayne A. Johnston, President of the Board of Trustees. On motion of Mr. Howard W. Clement, the Committee, on behalf of the Board of Trustees, formally expressed its sorrow in the loss of the esteemed leader of the Board and directed that the minutes so record. In addition, he indicated that at an appropriate time a resolution would be presented to the full membership of the Board of Trustees. The Committee and those present stood in a moment of silent tribute. BUSINESS PRESENTED BY THE PRESIDENT OF THE UNIVERSITY The Committee considered the following reports and recommendations from the President of the University.

REQUEST TO ILLINOIS BUILDING AUTHORITY TO CONTRACT FOR CONSTRUCTION OF SCIENCE AND ENGINEERING BUILDING, CHICAGO CIRCLE CAMPUS On November 16, 1967, the Illinois Building Authority received bids for the construction of the Science and Engineering Center Building at the Chicago Circle campus. The low base bidder is Gust K. Newberg Construction Co., Chicago, with a bid of $17,286,000, Proposals were also received from George A. Fuller Construction Co., W. E. O'Neil Construction Co., Paschen Contractors Inc., and Turner Construction Co. The low bidder has performed highly satisfactorily on Phase I and Phase II construction at the Chicago Circle campus. The project is a part of the construction for the Chicago Circle campus, Phase I I I , which the Board, at its meeting on July 26, 1967, requested the Illinois Building Authority to provide. A contract for the caisson work was previously authorized by the Illinois Building Authority upon the request of the Board of Trustees. While the total funds required to complete construction are within the amount declared in the public interest by the Seventy-fifth General Assembly, the State of Illinois 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. These reserved amounts consist of a "cost increase reserve" (approximately 10 per cent of the declaration in public interest) to be used for the purpose of offsetting cost increases determined by actual bid experience and a "federal funding reserve" to be used to make up the difference between estimated and realized federal funding. In accordance with the procedure adopted by the State of Illinois Board of Higher Education at its meeting on October 3, 1967, and in order to complete construction as planned, it is necessary that the University request the State of Illinois Board of Higher Education and the Illinois Building Authority to release $1,456,530 of the $1,684,830 in the "cost increase reserve" for this project and $1,000,000 from the "federal funding reserve." The Authority will finance the construction and lease the facilities to the University. Funds for rental payments are available in state capital appropriations to the University. Jurisdiction of the land on which the project is being constructed has been transferred to the Authority. T h e University Director of Physical Plant Planning and Construction, the Vice-President and Comptroller, and the Chicago Circle campus Chancellor recommend that the Executive Committee of the Board of Trustees (1) request the State Board of Higher Education to take appropriate action to authorize the releases described above from the cost increases and federal funding reserves and (2) request the Illinois Building Authority to award a contract for the described work to the low base bidder and proceed to procure this facility for the use of the University.