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Caption: Board of Trustees Minutes - 1970 This is a reduced-resolution page image for fast online browsing.
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EXTRACTED TEXT FROM PAGE:
1970] UNIVERSITY OF ILLINOIS 929 of the Board, and officers of the University as recorded at the beginning of the afternoon session were present. The Board considered the following report and recommendations. REPORT OF T H E CONSULTATIVE COMMITTEE T O ASSIST IN T H E SELECTION OF A PRESIDENT At the request of the Board, Professor Victor Stone, Chairman of the Consultative Committee to Assist in the Selection of a President, presented a brief status report on the work of the Committee and its plans for the future. It was agreed that a joint meeting of the Trustees and the Committee would be held in connection with the June Board meeting. RECOMMENDATION OF THE UNIVERSITY PATENT COMMITTEE (38) T h e University Patent Committee, with the concurrence of the C h a i r m a n o f the University Research Board, submits the following report and recommendation relating to a patentable invention by members of the staff. Therapeutic resistive headgear — Larry E. Foster, Graduate Teaching Assistant in Physical Education, Urbana, Eugene L. Bothun, Graduate Teaching Assistant in Industrial Design, Urbana, Diane Damos, Student in Psychology, Urbana, and Charles Schaidle, Student in Mechanical and Industrial Engineering, Urbana, inventors. The therapeutic resistive headgear is composed of four basic p a r t s : (1) the main headgear, that which sits upon the head, (2) the neck harness, which secures the main headgear in place, (3) the outer ring, which supports the weight, and (4) the inner ring, which rides within the outer ring to allow changing of position of the weight. T h e primary uses for the resistive headgear would be a device to rehabilitate neck injuries, to develop strength of the neck muscles to prevent neck injuries as in contact sports, and to maintain a level of strength (e.g., a whiplash victim). T h e Committee recommends that, because such devices have a limited market, the rights of the University in this invention be released to the inventors. O n m o t i o n of M r . S t o n e , t h i s r e c o m m e n d a t i o n w a s a p p r o v e d . ACQUISITION OF PROPERTIES. URBANA (39) T h e F Y 1970 Capital Program approved by the Seventy-sixth General Assembly included $1,027,173 for land acquisition at Urbana to repay the University of Illinois Foundation. In anticipation of the release of this money, the Board of Trustees on July 23, 1969, approved the acquisition of title to eighteen parcels of property from the Foundation in the amount of $886,350, subject to the release of funds by the Governor. The money has not been released, but it is anticipated that it will be in the near future, leaving a balance of $140,823 in uncommitted funds. On September 20, 1967, the Board approved the use of $411,685 from Urbana Contract Research Reserve for the acquisition of land. Appropriations totaling $391,515 have been made, leaving a balance of $20,170. The Foundation finances the acquisition of property through borrowing from The First National Bank of Chicago. In accordance with the commitment to the Bank, it is desirable to reduce the amount of borrowing as much as possible at this time. Accordingly, the President of the University, with the concurrence of appropriate administrative officers, recommends that $20,170 be appropriated from the Urbana-Champaign Contract Research Reserve and that title to the following properties be acquired from the Foundation, subject to the release of those funds which are yet unreleased at the prices indicated plus miscellaneous costs incurred in the acquisition of the properties: 301 South Wright Street, Champaign $ 21 500 907-909 West California Avenue, Urbana 73 063 1 1 The original purchase price for these properties was $125,000. However, the property at 909 West California Avenue was destroyed by fire, for which the University received an insurance settlement of $51,937 which the Foundation will apply toward the loan, thus reducing it to $73,063.
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