Repository: UIHistories Project: Board of Trustees Minutes - 1964 [PAGE 1161]

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1116

BOARD OF T R U S T E E S

[March 18

Funds for the rental payments under the leases during the current biennium, 1963-65, are available from appropriations made by the General Assembly. The Vice-President and Comptroller, the Director of the Physical Plant, and the Legal Counsel recommend that the Comptroller and Secretary of the Board of Trustees be given specific authorization to execute these leases in substantially the form presented in this meeting and that the following resolution be adopted. I concur. Resolution WHEREAS in accordance with the Illinois Building Authority Act, the Seventythird General Assembly of the State of Illinois has declared it to be in the public interest that certain buildings and other facilities be provided for and on behalf of The Board of Trustees of the University of Illinois; and WHEREAS the Illinois Building Authority has requested the University of Illinois to enter into the following leases in order to provide said buildings and facilities; Now, therefore, be it and it is hereby resolved by The Board of Trustees of the University of Illinois as follows: Section 1. That The Board of Trustees of the University of Illinois hereby authorizes the Comptroller and Secretary of this Board of Trustees to execute, acknowledge, and deliver in the name and on behalf of this corporation leases with the Illinois Building Authority in substantially the forms presented to this meeting for the following buildings and facilities: A. Equipment for University of Illinois buildings constructed from the Universities Building Fund requiring an initial rental payment May 1, 1964, of $751,541, annual rental payments September 1, 1965, and each year thereafter of $486,290, with total rental payments of $7,559,601. B. Construction of a Civil Engineering Building at Champaign-Urbana, Illinois, requiring an initial rental payment May 1, 1964, of $479,090, annual rental payments September 1, 1965, and each year thereafter of $306,340, with total rental payments of $7,831,250. C. Land for building sites in Champaign-Urbana, Illinois, requiring an initial rental payment May 1, 1964, of $113,656, annual rental payments September 1, 1965, and each year thereafter of $72,675, with total rental payments of $1,857,856. D. Plans and planning to complete architectural studies, Congress Circle, Chicago, requiring an initial rental payment May 1, 1964, of $102,272, annual rental payments September 1, 1965, and each year thereafter of $65,395, with total rental payments of $1,671,752.

On motion of Mr. Swain, authority was given as recommended, and the foregoing resolution was adopted by the following vote: Aye, Mr. Clement, Mr. Dilliard, Mr. Hughes, Mr. Johnston, Mr. Jones, Mr. Page, Mr. Pogue, Mr. Swain, Mrs. Watkins; no, none; absent, Mr. Kerner, Mr. Williamson.

TRANSFER O F JURISDICTION O F PROPERTY FOR ADDITION TO WATER RESOURCES BUILDING (24) The Board of Trustees on February 19, 1964, authorized the Comptroller and Secretary of the Board of Trustees of the University of Illinois to transfer to the Illinois Building Authority certain property for an addition to the W a t e r Resources Building. T h e Illinois Building Authority has since requested that the Board of Trustees and the Department of Registration and Education jointly transfer said real estate and jurisdiction thereof to the Illinois Building Authority pursuant to the Illinois Building Authority Act so that the addition to the Water Resources Building can be constructed thereon. T h e Seventy-third General Assembly has declared the construction of such addition for and on behalf of the Department of Registration and Education to be in the public interest. The Department of Registration and Education has agreed that said real