Repository: UIHistories Project: Board of Trustees Minutes - 1968 [PAGE 97]

EXTRACTED TEXT FROM PAGE:

1966]

UNIVERSITY OF ILLINOIS

45

Legal Counsel; Mr. Grover E . Shipton, Associate Director of Public Information, Chicago Circle; Mr. James C. Colvin, Executive Director of the University of Illinois Foundation; and Mr. A. J. Janata, Secretary of the Board of Trustees. The Committee considered the following recommendations presented on behalf of the President of the University by the Executive Vice-President and Provost and other University officials. CONTRACTS FOR CONSTRUCTION O F PHASE ( O F THE KRANNERT CENTER FOR T H E PERFORMING ARTS (1) The Director of the Physical Plant and the Vice-President and Comptroller recommend award of contracts for the construction of Phase I of the Krannert Center for the Performing Arts, the award in each case being to the lowest bidder. General — Turner Construction Company, Chicago, Illinois $2 796 000 00 Plumbing — Healy Plumbing and Heating Company, St. Paul, Minnesota 256 500 00 Electrical — G. L. Wilsky, an individual doing business as Downtown Electric, Urbana, Illinois 40 325 00 It is further recommended that the contracts for the plumbing and electrical work be assigned to the contractor for the general work making the total of his contract $3,100,325; and it is further recommended that agreement be entered into with the Turner Construction Company for the assignment of the electrical and the plumbing contracts for $7,500, which amount is included in the contract price being the amount bid by that Company for service charge for supervision of other contracts by the general contractor. Funds for this project are available in the amount of $2,400,000 in the state capital appropriations for 1965-67, subject to release by the Governor, and the balance of $700,325 to be provided by the University of Illinois Foundation. A report from the Physical Plant Department, including a schedule of bids received, is submitted herewith and a copy is filed with the Secretary of the Board for record. I concur. O n m o t i o n of M r . J o h n s t o n , t h e s e c o n t r a c t s w e r e a w a r d e d , a s r e c ommended, by the following vote: Aye, M r . Clement, M r . Johnston, M r s . W a t k i n s ; no, none; absent, none. UNIVERSITY OF ILLINOIS FOUNDATION PARTICIPATION IN KRANNERT CENTER FOR THE PERFORMING ARTS (2) The Director of the Physical Plant and the Vice-President and Comptroller recommend that the University of Illinois Foundation be requested to assist and participate in the financing and construction of Phases I and II of the Krannert Center for the Performing Arts at the Urbana-Champaign Campus by providing funds for the construction of Phase I to the extent that the construction cost thereof exceeds $2,400,000 and by arranging for the construction of Phase II in accordance with plans and specifications prepared by Harrison and Abramovitz dated April 5, 1966, and identified as "Krannert Center for the Performing Arts, University of Illinois, Urbana, Illinois, Specifications for Entire Construction — Phase II." It is further recommended that the Foundation be requested to borrow funds for such purposes. Authority is also requested to lease the site for the Center to the Foundation for a period of thirty years and to take a lease of the property back to the University for biennial periods at a rental of $144,500 for the quarter ending September 30, 1966, and $184,500 for each quarter thereafter with the option to renew through June 30, 1976, said lease back to provide an option in the University to purchase the improvements thereon at a price equal to the then outstanding principal and accured interest on the obligation incurred by the Foundation to finance the project. Additionally, authority is requested to assign to the Foundation the following contracts previously authorized by the Board of Trustees upon the Foundation's undertaking to reimburse the University for all payments made thereunder to date and for other expenses incurred by the University on this project: Harrison and Abramovitz, New York, for complete architectural services McKee-Berger-Mansueto, Chicago and New York, for professional estimating services I concur and recommend adoption of the following resolution.