ILLINOIS - The University of Illinois Board of Trustees
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ILLINOIS - The University of Illinois Board of Trustees

ILLINOIS - The University of Illinois Board of Trustees ILLINOIS - The University of Illinois Board of Trustees

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19781 UNIVERSITY OF ILLINOIS 21 Medical Center I Project FY 1979 Request Professional Recommended SR' Biologic Resources Laboratory. . 160 000 Rocf Replacement, Biologic University of Illinois will pro- Resources Laboratory ...... 81 000 vide the professional services Window Replacement ........ 100 000 required. CDB will receive bids Safety Corrections ........... 150 000 and award construction con- Elevator Control Modifications. 75 000 tracts. Electrical Upgrade, 19 19 West Taylor ............. 47 400 Rockford School of Medicine (Code Corrections) ........ 251 000 Larson & Darby, Rockford Urbana-C harnpaign Central Supervisory Control Robert G. I Burkhardt & Asso- System .................... 710 000 ciates, Inc., Chicago Animal Room Improvements. .... 520 000 Isaksen & MatzdorE, Urbana SR' Electrical Modernization ..... 179 800 Energy Conservation (Ventilation rebalance) ......... 99 000 Ralph Henneman & Associates, Energy Conservation (Heat Inc., Champaign controls) ................. 154 000 Modification Temperature Controls ................. 103 000 Elevator Replacement, Altgeld. 101 300 Daily & Associates Engineers Inc., Champaign Roof Sky Light and 'I Gutter Replacement ....... 245 300 Kenney Gym (Remodeling). . , 55 000 Edwards & Dankert Arcbi- Gregory Hall (Remodeling). .. 35 500' tects-Planners, Champaign Noyes Lab (Remodeling). .... 60 000' Freer Gym (Remodeling) ..... Richardson, Severns, Scheeler, Law Building (Remodeling). .. Greene & Amiates, Cham- Pa@ Funds for employment of the professional firms have been appropriated to the Capital Development Board for FY 1979. The student advisory vote was: Aye, Miss Kooper, Mr. Sobotka, Mr. Watson; no, none. On motion of Mr. Lenz, this recommendation was approved by the following vote : Aye, Mr. Forsyth, Mr. Howard, Mr. Lenz, Mr. Livingston, Mr. Neal, Mrs. Rader, Mrs. Shepherd, Mr. Velasquez; no, none; absent, Governor Thompson. Mr. Hahn asked to be recorded as not voting. Official Statement, University of Illinois Auxiliary Facilities System Revenue Bonds, Series N (25) 'At its May 15, 1978, meeting, the board authorized the issuance and ex- change or sale of University of Illinois Auxiliary System Revenue Bonds, Series A through M, to refund the revenue bonds of the University outstanding as of April 12, 1978; to pay the costs of acquiring certain athletic and recreatimonal facilities; to pay certain expenses of creating the system and issuing the bonds; and creating a debt service reserve. The Official Statement relating to that transaction indicated Denotes construction portibn of Capital Request.

22 BOARD OF TRUSTEES Uuly 19 that the board planned to issue additional bonds (parity bonds) in the amount of approximately $35,500,000 in fiscal year 1979. Under the Bond Resolution previ- ously adopted, parity bonds are of equal rank with the refunding bonds. The Auxiliary Facilities System was established through the issuance of Series A through M Bonds and it is now proposed to finance additional projects previously approved by the board through parity bonds to be issued as Series N. The pro- ceeds of the Series N Bonds will be used: (1) for remodeling, repair, equipment replacement, and improvement of portions of the existing facilities: (2) for con- struction of certain facilities which will become part of the system including a multi- purpose pavilion at the Chicago Circle campus, a residence hall at the Medical Center campus, and an addition to the Chicago Illini Union at the Medical Center campus; (3) to fund the debt service reserve account in an amount equal to the difference between the Maximum Annual Net Debt Service and the balance in such account at the time of delivery of the Series N Bonds; and (4) to pay certain expenses relating to the issuance of the Series N Bonds. It is anticipated that the proceeds to be received from the sale of the Series N Bonds (excluding accrued interest thereon to the date of delivery, which is to be deposited in the Bond and Interest Sinking Fund Account established by the Bond Resolution) will be applied as follows: To pay the cost of the project.. ............................. $32 000 000 To fund the debt service reserve. ............................ 3 740 000 To pay estimated legal, financial, printing, and other expenses relating to the issuance of the Series N Bonds.. ................... 125 000 Less interest income during construction. ...................... (365 000) Principal Amount uf Series N Bonds.. .................... $35 500 000 The Official Statement for the Series N Bonds has been prepared by A. G. Becker, with the assistance of Chapman and Cutler, Bond Counsel, and the Univer- sity staff. (A copy of the text of the statement is filed with the secretary of the board.) The statement has been reviewed and approved by Chapman and Cutler. The vice president for administration has recommended approval of the Offi- cial Statement for the University of Illinois Auxiliary Facilities System Revenue Bonds, Series N, and has requested authority to procure any necessary outside public accounting firm certifications, bond ratings, and other legally required docu- ments in connection with the issue. I concur and recommend the adoption of the following resolution: The form of the Official Statement for University of Illinois Auxiliary Facilities System Revenue Bonds, Series N, presented to this meeting is hereby approved and the comptroller or the assistant comptroller of the board is hereby authorized and directed to execute the same in the name and on behalf of the board in substantially the form presented to this meeting, or with such changes as may be approved by the officer of the board executing the same, his execution thereof to constitute conclusive evidence of the board’s approval of all changes from the form thereof presented to this meeting; provided, however, that if any such changes constitute a substantial change in the form of the Official Statement pre- sented to this meeting, they shall first be approved by the Executive Com- mittee of the board to which authority for such approval is delegated by the board. The student advisory vote was: Aye, Miss Kooper, Mr. Sobotka, Mr. Watson; no, none. On motion of Mrs. Rader, the foregoing resolution was adopted by the following vote: Aye, Mr. Forsyth, Mr. Hahn, Mr. Howard, Mr. Lenz,

19781 UNIVERSITY OF <strong>ILLINOIS</strong> 21<br />

Medical Center<br />

I<br />

Project FY 1979 Request Pr<strong>of</strong>essional Recommended<br />

SR'<br />

Biologic Resources Laboratory. . 160 000<br />

Rocf Replacement, Biologic<br />

<strong>University</strong> <strong>of</strong> <strong>Illinois</strong> will pro-<br />

Resources Laboratory ...... 81 000 vide the pr<strong>of</strong>essional services<br />

Window Replacement ........ 100 000 required. CDB will receive bids<br />

Safety Corrections ........... 150 000 and award construction con-<br />

Elevator Control Modifications. 75 000 tracts.<br />

Electrical Upgrade, 19 19<br />

West Taylor ............. 47 400<br />

Rockford School <strong>of</strong> Medicine<br />

(Code Corrections) ........ 251 000 Larson & Darby, Rockford<br />

Urbana-C harnpaign<br />

Central Supervisory Control<br />

Robert G.<br />

I<br />

Burkhardt & Asso-<br />

System .................... 710 000 ciates, Inc., Chicago<br />

Animal Room Improvements. .... 520 000 Isaksen & MatzdorE, Urbana<br />

SR'<br />

Electrical Modernization ..... 179 800<br />

Energy Conservation (Ventilation<br />

rebalance) ......... 99 000 Ralph Henneman & Associates,<br />

Energy Conservation (Heat<br />

Inc., Champaign<br />

controls) ................. 154 000<br />

Modification Temperature<br />

Controls ................. 103 000<br />

Elevator Replacement, Altgeld. 101 300 Daily & Associates Engineers<br />

Inc., Champaign<br />

Ro<strong>of</strong> Sky Light and<br />

'I<br />

Gutter Replacement ....... 245 300<br />

Kenney Gym (Remodeling). . , 55 000<br />

Edwards & Dankert Arcbi-<br />

Gregory Hall (Remodeling). .. 35 500'<br />

tects-Planners, Champaign<br />

Noyes Lab (Remodeling). .... 60 000'<br />

Freer Gym (Remodeling) .....<br />

Richardson, Severns, Scheeler,<br />

Law Building (Remodeling). ..<br />

Greene & Amiates, Cham-<br />

Pa@<br />

Funds for employment <strong>of</strong> the pr<strong>of</strong>essional firms have been appropriated to the<br />

Capital Development <strong>Board</strong> for FY 1979.<br />

<strong>The</strong> student advisory vote was: Aye, Miss Kooper, Mr. Sobotka, Mr.<br />

Watson; no, none.<br />

On motion <strong>of</strong> Mr. Lenz, this recommendation was approved by the<br />

following vote : Aye, Mr. Forsyth, Mr. Howard, Mr. Lenz, Mr. Livingston,<br />

Mr. Neal, Mrs. Rader, Mrs. Shepherd, Mr. Velasquez; no, none; absent,<br />

Governor Thompson. Mr. Hahn asked to be recorded as not voting.<br />

Official Statement, <strong>University</strong> <strong>of</strong> <strong>Illinois</strong> Auxiliary Facilities<br />

System Revenue Bonds, Series N<br />

(25) 'At its May 15, 1978, meeting, the board authorized the issuance and ex-<br />

change or sale <strong>of</strong> <strong>University</strong> <strong>of</strong> <strong>Illinois</strong> Auxiliary System Revenue Bonds, Series A<br />

through M, to refund the revenue bonds <strong>of</strong> the <strong>University</strong> outstanding as <strong>of</strong> April<br />

12, 1978; to pay the costs <strong>of</strong> acquiring certain athletic and recreatimonal facilities;<br />

to pay certain expenses <strong>of</strong> creating the system and issuing the bonds; and creating<br />

a debt service reserve. <strong>The</strong> Official Statement relating to that transaction indicated<br />

Denotes construction portibn <strong>of</strong> Capital Request.

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