Repository: UIHistories Project: UIS History 1969-1995 (Sangamon State Univ) [PAGE 40]

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it to its present site to the southeast with four buildings inside the Perimeter Road and three buildings utside the Perimeter Road. The housing project was completed and units were occupied between August I and September 1, 1980. DurinR the mid-1980s, a strong need was expressed for the construction of additional student bousing. •fowever the university did not at that time believe the housing could be built and financed for a rental dents cQuid afford. Higher interest rates on mortgages were of particular concern. In 1989 interest tes were substantially less. A set of basic performance specifications was prepared and the university Hfcided to request proposals from private developers. At the time the specifications were issued, it was thought that the developer would also finance the buildings. As it turned out, the university financed the project by borrowing funds under its tax exempt status. Proposals were received and discussed with each developer. Subsequently, this second phase of student housing was constructed bv Monte Siegrist of Taylorville, Illinois. The 24 units constructed were four-bedroom apartments and seemed to be quite popular with students. Almost two years later (October 1991), the university again requested proposals for the construction of additional housing. In addition, the construction of a housing commons building was proposed Low bid proposals were received from Briarwood Development of Carmel, Indiana, for the 32 units and for the commons building. This third phase of housing was completed August 15,1992, and the commons building was substantially completed in November 1992.