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Caption: Board of Trustees Minutes - 1974 Version B This is a reduced-resolution page image for fast online browsing.
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EXTRACTED TEXT FROM PAGE:
1973] UNIVERSITY OF ILLINOIS 305 Chicago Purchasing Offices. However, no bids were received. Special inquiries with major petroleum companies and distributors reaffirmed that none of them would agree to supply gasoline on a firm price basis or would guarantee product availability at any price for any new accounts. However, the current supplier, the AMOCO Oil Company, through their American Oil and Standard Oil Company Divisions of Chicago and Urbana-Champaign, respectively, has offered to supply gasolines at the same gallon volume of purchases as during FY 72-73 at posted prices for municipalities and governmental units (except federal), plus applicable taxes, subject to a ten-day written notice of change. The prices shown above are calculated on the basis of the posted market prices for municipalities and governmental units on May 24, 1973, and reaffirmed on June 6, 1973. The reported causes for the petroleum pricing and product availability are as follows: 1. Refineries are operating at capacity, and no major additions are being made because environmental laws require compliances that are considered too costly. 2. The "1973 model cars are consuming up to 28 percent more gasoline due to pollution emission requirements." 3. Relief in oil importation controls may eventually alleviate the shortages. The prognosis of near future supply relief seems to be remote because of the processing time needed from crude to refined products. Off-shore oil drilling and the Alaska oil situation may improve the supply in years to come if current restrictions are eased. 4. The cost of obtaining or renting storage facilities to house gasoline for the University in order to insure adequate inventory and the lowest possible cost has been considered excessive because of the environmental and safety laws, particularly in the Chicago area. Major oil companies also are unwilling to store gasoline, specifically for the University, because the logistics of handling small amounts of gasoline, such as the University requirements, would be incompatible with their normal operations. Because of the short period of time remaining in the current contract, action is necessary at this time. An appropriate affidavit will be filed with the Auditor General. The President of the University, with the concurrence of appropriate administrative officers, recommends approval and authorizes the Comptroller and the Secretary of the Board of Trustees to execute the contracts as required. O n motion of M r . Swain, this recommendation was approved by the following vote: Aye, Mr. Forsyth, Mr. H a h n , M r . H o w a r d , Mr. Hughes, Mr. Livingston, Mr. Neal, Mrs. Rader, Mr. Swain; no, none; absent, D r . Bakalis, M r . Steger, Governor Walker. PURCHASES (29) The President submitted, with his concurrence, a list of purchases recommended by the Directors of Purchases and the Vice President for Financial Affairs; also purchases authorized by the President. The list of purchases was presented in two categories: purchases from appropriated funds (i.e., from State appropriations to the University) and purchases from institutional funds. The latter term designates funds received by the University under contracts with the United States government, contracts with private corporations and other organizations, funds from foundation grants, and grants from corporations and other donors, and University revolving funds authorized by law. The total amounts of these purchases were: From Appropriated Funds Recommended $ 299 303 66 From Institutional Funds Authorized $ 90 000 00 Recommended 2 907 658 00 Total 2 997 658 00 Grand Total $3 2% 961 66
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