Repository: UIHistories Project: Board of Trustees Minutes - 1968 [PAGE 961]

EXTRACTED TEXT FROM PAGE:

1968]

UNIVERSITY OF ILLINOIS

909

Circle, at a cost to the Illinois Building Authority of $17,620,000.00 requiring 24 rental payments as follows: an initial rental on or before September 1, 1968, in the sum of $1,249,845.00; and during each successive renewal term of the Lease, the annual sum of $1,249,845.00 on or before the 1st of September of each year thereafter until June 30, 1992, with total rental payments of $31,337,150.00 (less the sum of $1,340,870.00 which has been paid under the terms of an Interim Lease).

On motion of Mr. Clement, authority was given as recommended and the foregoing resolution was adopted by the following vote: Aye, Mr. Clement, Mr. Grimes, Mr. Hahn, Mr. Jones, Mr. Pogue, Mr. Swain; no, none; absent, Mr. Hughes, Governor Kerner, Mr. Page, Dr. Weatherly, Mr. Williamson.

REQUEST TO ILLINOIS BUILDING AUTHORITY TO CONTRACT FOR PURCHASE AND CONSTRUCTION OF EQUIPMENT FOR T H E UTILITIES CENTER ADDITION, CHICAGO CIRCLE (21) The President of the University, with the concurrence of appropriate administrative officers, recommends that the Board request the Illinois Building Authority to award and proceed to procure the following contracts for furnishing and installing equipment for the use of the University at the Chicago Circle Utilities Center Addition required for the heating and air conditioning of Phase I I I Buildings. The award in each case is to the lowest bidder. Division "301" — High Temperature Hot Water, Generating Unit and Pump — The International Boiler Works Company, East Stroudsburg, Pennsylvania $136 019 00 Division "302" — Refrigeration Unit for Chilled Water — Associated Piping Contractors, Inc., Chicago $181 560 00 Total $317 579 00 The above equipment is a part of the project for Chicago Circle, Phase I I I , construction which the Board on July 26, 1967, requested the Illinois Building Authority to provide. The Authority will finance the construction and lease the facilities to the University for rental payments for which state appropriations are available. Jurisdiction of the land on which the project will be constructed will also be transferred to the Authority. It is also recommended that the Comptroller and the Secretary of the Board be authorized to make, execute, acknowledge, and deliver such instruments of transfer, conveyance, lease, contract, and other documents as are necessary to provide for the carrying out of the foregoing project and equipment by the Illinois Building Authority. I further recommend adoption of the resolutions submitted herewith to implement the official actions required. Resolution Be It, and It Hereby Is, Resolved by The Board of Trustees of the University of Illinois, a public corporation of the State of Illinois, that the Illinois Building Authority be, and it hereby is, requested to award to The International Boiler Works Company, P. O. Box 208, East Stroudsburg, Pennsylvania, a contract for high temperature hot water generating unit, high temperature hot water pump, and erection of high temperature hot water generating unit and pump for the Utilities Center Addition at the Chicago Circle, Phase III, for the fixed price of $136,019.00. Be It, and It Hereby Is, Further Resolved by The Board of Trustees of the University of Illinois, a public corporation of the State of Illinois, that the Comptroller and Secretary of this public corporation be, and they hereby are, authorized to make, execute, acknowledge and deliver, in the name and in behalf of this corporation, such instruments of transfer, conveyance, lease, contract, and other documents as are necessary or appropriate in order to provide for the carrying out of the foregoing project and facility by the Illinois Building Authority.

On motion of Mr. Clement, the foregoing resolution was adopted by the following vote: Aye, Mr. Clement, Mr. Grimes, Mr. Hahn, Mr.