Repository: UIHistories Project: Board of Trustees Minutes - 1978 [PAGE 111]

EXTRACTED TEXT FROM PAGE:

100

BOARD OF TRUSTEES

[October 20

gether shall constitute the Grant Agreement between T h e 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 words, figures, and form following:

Department of Transportation

Federal Aviation Administration

GRANT AGREEMENT

Part 1 — Offer

Date of Offer: September 13, 1976 University of Illinois—Willard Airport Project No. 6-17-0016-02 Contract No. DOT-FA76-GL-7626 T O : The Board of Trustees of the University of Illinois and the Department of Transportation, Division of Aeronautics, State of Illinois, Cosponsors (herein referred to as the "Sponsor") F R O M : The United States of America (acting through the Federal Aviation Administration, herein referred to as the "FAA") Whereas, the Sponsor has submitted to the FAA a Project Application dated May 24, 1976, for a grant of federal funds for a project for development of the University of Illinois—Willard Airport (herein called the "Airport"), together with plans and specifications for such project, which Project Application, as approved by the FAA is hereby incorporated herein and made a part hereof; and Whereas, the FAA has approved a project for development of the Airport (herein called the "Project") consisting of the following-described airport development: Strengthen and mark air carrier apron (approximately 17,500 s.y.) including enlarging fillet and connecting taxiways (approximately 12,400 s.y.), and install medium-intensity runway and taxiway lights for Runway 4/22 and parallel taxiway, all as more particularly described in the property map and plans and specifications incorporated in the said Project Application; Now, Therefore, pursuant to and for the purpose of carrying out the provisions of the Airport and Airway Development Act of 1970, as amended (49 U.S.C. 1701), and in consideration of (a) the Sponsor's adoption and ratification of the representations and assurances contained in said Project Application, and its acceptance of this Offer as hereinafter provided, and (b) the benefits to accrue to the United States and the public from the accomplishment of the Project and the operation and maintenance of the Airport as herein provided, T H E FEDERAL A V I A T I O N A D M I N I S T R A T I O N , F O R A N D O N BEHALF O F T H E U N I T E D STATES, HEREBY O F F E R S AND AGREES to pay, as the United States' share of the allowable costs incurred in accomplishing the Project, 90 percentum thereof. This Offer is made on and subject to the following terms and conditions: 1. T h e maximum obligation of the United States payable under this Offer shall be $951,300.00. 2. T h e Sponsor shall: a. Begin accomplishment of the Project within ninety days after acceptance of this Offer or such longer time as may be prescribed by the FAA, with failure to do so constituting just cause for termination of the obligations of the United States hereunder by the FAA;