Repository: UIHistories Project: Board of Trustees Minutes - 1974 Version B [PAGE 52]

EXTRACTED TEXT FROM PAGE:

44

BOARD OF TRUSTEES

[September 20

the following Resolution authorizing the transfer of jurisdiction of the site to the Illinois Building Authority be adopted. A schedule of the bids received has been filed with the Secretary of the Board for record. Resolution WHEREAS, the Seventy-seventh General Assembly of the State of Illinois has declared it to be in the public interest that the Illinois Building Authority construct, on behalf of The Board of Trustees of the University of Illinois, College of Dentistry Building, Phase II, at the Medical Center campus of the University of Illinois; and WHEREAS for that purpose it will be necessary for the Illinois Building Authority to acquire jurisdiction of the real estate upon which said improvements will be located; and WHEREAS The Board of Trustees of the University of Illinois, a public corporation of the State of Illinois with its principal office in Urbana, Illinois, has been requested by the Illinois Building Authority to transfer jurisdiction of said real estate for the construction of said building. Now, Therefore, Be It and It Is Hereby Resolved by The Board of Trustees of the University of Illinois at its August 10, 1972, meeting as follows: That the Comptroller and the Secretary of The Board of Trustees of the University of Illinois be and they are hereby authorized to execute, acknowledge and deliver, in the name and on behalf of this corporation, an instrument of transfer of jurisidiction to the 1 property described in the attached document entitled "Instrument of Transfer" which said form of Instrument of Transfer is, by this reference, incorporated in and made a part of this Resolution.

On motion of Mr. Swain, these recommendations were approved and the foregoing resolution was adopted by the following vote: Aye, Mr. Hughes, Mr. Pogue, Mr. Swain; no, none; absent, none.

APPLICATION FOR A N N U A L INTEREST GRANT U N D E R TITLE III. SECTION 3 0 6 , O F T H E HIGHER EDUCATION FACILITIES ACT OF 19 6 3

(10) Under the Higher Education Facilities Act of 1963, the United States Commissioner of Education is authorized to grant funds to reduce the cost of borrowing for the construction, rehabilitation, and improvement of academic and related facilities. The requirements of the Department of Health, Education and Welfare for the submission of an application for a grant under this Act necessitate the adoption of a formal resolution by the governing board of an institution authorizing the filing of the application and designating an individual to act in behalf of the University concerning the application. The Executive Vice President and Provost and the Vice President and Comptroller recommend that the Board of Trustees of the University of Illinois adopt the resolution submitted herewith which (a) authorizes the filing of an application for an annual interest grant to reduce the cost of borrowing to finance the construction of the Law Building Addition at the Urbana-Champaign campus, and (b) designates Sidney M. Stafford, Director of Business Affairs at the Urbana-Champaign campus, as the officer authorized to file the application in behalf of the University. Resolution Authorizing the Filing of Application for Annual Interest Grant Program under Section 306, Title III, of the Higher Education Facilities Act of 1963 WHEREAS, the U.S. Commissioner of Education is authorized under the Higher Education Facilities Act of 1963 to grant funds to reduce the cost of borrowing for the construction, rehabilitation, and improvement of certain academic and related facilities; and WHERAS, The Board of Trustees of the University of Illinois, the governing body of the University of Illinois, hereinafter called the Applicant, is cognizant of the conditions under which such grants are made available and approved for payment to an applicant; and

1

A copy of the "Instrument of Transfer" is filed with the Secretary of the Board for

record.