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Caption: Board of Trustees Minutes - 1976
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372 BOARD OF TRUSTEES presented M r . J o h n Sevems of the firm of Richardson, Sevems, Scheeler, Greene & Associates, who had been employed as consultant to analyze the situation and make recommendations for "restoration" of the Center and the cost thereof. Mr. Severns presented in some detail varying alternatives for the restoration of the Center and varying levels of cost and complexity. T h e Board was asked to consider these alternatives and the costs involved in the light of a $2,000,000 line of credit available from the First National Bank of Chicago, recognizing that the restoration would be an undertaking separate and apart from whatever damages might be recovered in the pending lawsuit. It was made clear that the "minimum" alternative solution proposed was intended as a first step to restore the building to the condition that the University had the right to expect in the first place, including the remedy of certain design deficiencies -— but that even the "minimum" solution would not cover all of the necessary restoration, in particular, roofing and certain electrical work which would have to be deferred. T h e estimated construction cost of the "minimum" solution was $1,817,000. T o accomplish the additional required work at some other time might require an additional $400,000 to $500,000. x Mr. Howard moved that the University of Illinois Foundation be requested to restore and repair the Krannert Center for the Performing Arts in accord with the "minimum" program as presented by Mr. Severns and that the Foundation be requested to seek bids as soon as possible for such work as proposed u p to the maximum line of credit of $2,000,000, such sum to cover construction and all other costs. T h e motion was approved without dissent. There being n o further business, the Board adjourned. EARL W. PORTER EARL L. NEAL Secretary 1 President 1 A copy of Mr. Severns report is filed with the Secretary of the Board for record.
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