Repository: UIHistories Project: Board of Trustees Minutes - 1974 Version B [PAGE 437]

EXTRACTED TEXT FROM PAGE:

1973]

UNIVERSITY OF ILLINOIS

429

benefit to the airport; and a contractual commitment for parking privileges for Federal employees. The President of the University, with the concurrence of appropriate administrative officers, recommends that the attached resolution incorporating the terms of the Grant Agreement be adopted and that the University of Illinois Foundation be requested to provide interim financing and to lease the land to the University at a rental sufficient to cover the financing charges until reimbursement of the cost of acquiring the land is received. Sufficient funds will be available in the Willard Airport Operations Revolving Account for the payment of this rental. On December 6, 1973, the Board of Directors of the University of Illinois Foundation agreed to provide the interim financing for acquisition of the subject land upon receipt of such request from the Board of Trustees of the University of Illinois. Resolution Accepting, Adopting, and Authorizing Execution of Acceptance of Grant Offer of the Administrator of the Federal Aviation Administration Constituting Grant Agreement Between the United States and The Board of Trustees of the University of Illinois, Champaign-Urbana, Illinois WHEREAS, the Administrator of the Federal Aviation Administration, for and in behalf of the United States, has extended to The Board of Trustees of the University of Illinois, a formal Grant Offer, pursuant to the Project Application of The Board of Trustees of the University of Illinois, submitted to the Federal Aviation Administration, dated July 30, 1973, all as hereinbelow set forth, and all relating to the development of the University of Illinois-Willard Airport, the same bearing ADAP Project Number 8-17-0016-01; and WHEREAS, pursuant to and for the purpose of carrying out the provisions of the Airport and Airways Development Act of 1970 (Public Law 91-258, 91st Congress, 84 Stat. 219), it is necessary that said Grant Offer be duly and formally accepted by The Board of Trustees of the University of Illinois; and WHEREAS, such Grant Offer and Such Acceptance thereof, duly executed, together shall constitute the Grant Agreement between The Board of Trustees of the University of Illinois and the United States relating to said airport development project; and WHEREAS, the said Grant Offer is in the words, figures, and form following: (A copy of the Grant Offer is filed with the Secretary.) Now, Therefore, upon consideration of said Grant Offer and all of the terms, provisions, conditions, and exhibits therein and thereto, BE IT, AND IT IS HEREBY RESOLVED BY T H E BOARD OF TRUSTEES OF T H E UNIVERSITY OF ILLINOIS, CHAMPAIGN-URBANA, ILLINOIS, as follows: 1. That The Board of Trustees of the University of Illinois accepts, and it does hereby accept, the Grant Offer extended to it by the Administrator of the Federal Aviation Administration, for and in behalf of the United States, in the words, figures, and form as hereinabove set forth, and that it shall enter into a Grant Agreement with the United States by causing the Acceptance thereof, in the words, figures and form as hereinabove set forth, to be duly executed in its name and for and in its behalf. 2. That to accomplish the foregoing, Ronald W. Brady, Comptroller, be and he is hereby authorized and directed to execute, for and in behalf of The Board of Trustees of the University of Illinois, the said Acceptance of the said Grant Offer, and that Earl W. Porter, Secretary, or Romayne Wicklund, Assistant Secretary, be and he is hereby authorized and directed to attest said execution and to impress thereon the Official Seal of The Board of Trustees of the University of Illinois. 3. That the Project Application, dated July 30, 1973, executed and submitted to the Federal Aviation Administration by The Board of Trustees of the University of Illinois, relating to ADAP Project 8-17-0016-01, including all the statements, representations, warranties, covenants, and agreements contained therein, be and the same is hereby ratified and adopted. 4. That the Agency and Participation^ Agreement attached thereto and by reference made a part thereof, entered into on the 30th day of July, 1973, by The