Repository: UIHistories Project: Board of Trustees Minutes - 1964 [PAGE 1076]

EXTRACTED TEXT FROM PAGE:

1964]

UNIVERSITY OF ILLINOIS

1031

the F A A to be ineligible for consideration as to allowability under Section 550.4(a) of the Regulations. 4. Payment of the United States share of the allowable project costs will be made pursuant to and in accordance with the provisions of Section 550.9 of the Regulations. Final determination as to the allowability of the costs of the project will be made at the time of the final grant payment pursuant to Section 550.9(d) of the Regulations: Provided, that, in the event a semi-final grant payment is made pursuant to Section 550.9(c) of the Regulations, final determination as to the allowability of those costs to which such semi-final payment relates will be made at the time of such semi-final payment. 5. T h e Sponsor shall operate and maintain the airport as provided in the Project Application herein and specifically covenants and agrees, in accordance with its Assurance 4 in P a r t I I I of said Project Application that in its operation and the operation of all facilities thereof, neither it nor any person or organization occupying space or facilities thereon will discriminate against any person or class of persons by reason of race, color, creed or national origin in the use of any of the facilities provided for the public on the airport. 6. The F A A reserves the right to amend or withdraw this Offer at any time prior to its acceptance by the Sponsor. 7. This Offer shall expire and the United States shall not be obligated to pay any part of the costs of the Project unless this Offer has been accepted by the Sponsor on or before March 15, 1964, or such subsequent date as may be prescribed in writing by the F A A . 8. It is recognized by the parties hereto that on February 11, 1963, P a r t 550 of the Regulations of the Federal Aviation Agency (14 C F R 550) was deleted and superseded by P a r t 151 of the Federal Aviation Regulations (27 F R 12348). Therefore, it is understood and agreed that Paragraphs 2(b), 3, and 4 of this Grant Offer are hereby deleted and the following Paragraphs 2(b), 3, and 4 are substituted in their place and stead: " 2 ( b ) carry out and complete the Project without undue delay and in accordance with the terms hereof, the Federal Airport Act, as amended, and Sections 151.45, 151.47, 151.49, 151.51, 151.53, and 151.55, of the Federal Aviation Regulations (27 F R 12348) in effect as of the date of acceptance of this Offer; which Regulations are hereafter referred to as the 'Regulations';" "3. The allowable costs of the project shall not include any costs determined by the F A A to be ineligible for consideration as to allowability under Section 151.41(b) of the Regulations." "4. Payment of the United States' share of the allowable project costs will be made pursuant to and in accordance with the provisions of Sections 151.57, 151.59, 151.61, and 151.63 of the Regulations. Final determination as to the allowability of the costs of the project will be made at the time of the final grant payment pursuant to Section 151.63 of the Regulations: Provided, that, in the event a semi-final grant payment is made pursuant to Section 151.63 of the Regulations, final determination as to the allowability of those costs to which such semi-final payment relates will be made at the time of such semi-final payment." 9. It is understood and agreed that each contract awarded for construction work under this project is subject to the provisions of the Work Hours Act of 1962, Public Law 87-581. It is further understood and agreed that each such contract will contain stipulations requiring the contractor or subcontractor to pay wages to all laborers and mechanics employed on the work in conformance with the provisions of the Act and that the Sponsor may withhold or cause to be withheld from the contractor or subcontractor so much of the accrued payments as may be considered necessary to pay laborers and mechanics employed by any such contractor or subcontractor on the work the full amount of wages required by the contract and such sums as may administratively be determined to be necessary to satisfy any liabilities of such contractor or subcontractor for liquidated damages as provided by the Act. It is also understood and agreed that, in the event of failure of any contractor or subcontractor to pay any laborer or mechanic employed or working on the site of the work all or part of the wages required by the contract, the F A A may, after written notice to the Sponsor, withhold from the Sponsor so much of the accrued payments or advances representing unpaid wages and liquidated damages. 10. By this acceptance hereof, the Sponsor hereby covenants that to the extent it