Repository: UIHistories Project: Board of Trustees Minutes - 1964 [PAGE 616]

EXTRACTED TEXT FROM PAGE:

1963]

UNIVERSITY OF ILLINOIS

571

I further certify that the attached resolution is a true, correct and exact copy of the original resolution adopted by T h e Board of Trustees of the University of Illinois at its legally convened meeting held on the _ _ day of 19 , all as appears of record in my office. I N W I T N E S S WHEREOF I have hereunto set my hand and the seal of said University this day of , 19 Secretary as aforesaid. Resolution WHEREAS, Section 7.07 of the Resolution of this Board of Trustees authorizing and providing for the issuance of $10,800,000 Congress Circle Union Bonds, Series A and B of 1963, duly adopted June 19, 1963, provides that the Board of Trustees will adopt such rules and regulations and fix and maintain such student service charges (as denned in said Resolution) rates, rentals, fees, and charges for the use of the facilities referred to therein as will provide revenue sufficient to provide and maintain the Bond and Interest Sinking Fund Account and the required reserves therefor and to pay the reasonable cost of operating and maintaining facilities and to provide and maintain the Improvement and Replacement Reserve; and WHEREAS, The Board of Trustees of the University of Illinois desires to comply with the above cited provisions and to adopt certain rules and to provide for certain charges applicable to the operation of the facilities; Now, Therefore, Be It and It Is Hereby Resolved by T h e Board of Trustees of the University of Illinois that the officers and management of the University be and they are hereby authorized and directed in the operation of the Congress Circle Union Building and parking facilities to carry out the following rules: RULE 1. The properties of the Congress Circle Union Building and parking facilities above referred to as the "facilities" shall be continuously operated at all times when the University is in session. RULE 2. Subject to further action of The Board of Trustees the initial student service charge for the use of the Congress Circle Union Building shall be $40 per regular school semester for students in Range I (carrying above 10 semester hours of w o r k ) , $25 per regular school semester for students in Range II (above five semester hours up to and including 10 hours), and $10 per regular school semester for students in Range I I I (above 0 and up to and including five semester hours), and shall be assessed against and charged to each and every student enrolled for credit in the University of Illinois at Congress Circle as a condition precedent to enrollment, except to the extent exemptions may be granted upon the conditions contained in Section 7.07 of the Resolution authorizing the issuance of the Bonds. Said fee shall be effective with the fall semester of 1964 or at such earlier date as The Board of Trustees may determine. RULE 3. Rentals, rates, fees, and charges for the use of the parking lots and the income-producing facilities within the Congress Circle Union Building shall be from time to time established and maintained in such amounts as will result in net income sufficient, together with the student service charges, to provide revenue sufficient to provide and maintain the Bond and Interest Sinking Fund Account and the required reserves therefor and to pay the reasonable cost of operating and maintaining facilities and to provide and maintain the Improvement and Replacement Reserve.

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

CONTRACTS FOR CONSTRUCTION OF THE CONGRESS CIRCLE CAMPUS U N I O N BUILDING (19) The Director of the Physical Plant and the Vice-President and Comptroller recommend award of contracts for construction of the Union Building at Congress Circle, Chicago, the award in each case to the lowest bidder: