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Caption: Board of Trustees Minutes - 1994
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1995] UNIVERSITY OF ILLINOIS 289 Medical offices totaling 22,850 rentable square feet will be provided for Medical Service Plan physicians under the proposed lease. The leased space will house medical operations of the family practice ambulatory care program of the University's College of Medicine at Rockford. SwedishAmerican would abate all rental charges for the first 3 years of the lease. During the initial term, the University will be responsible for annual operating and utility expenses estimated at $25,135 ($1.10 per square foot per year). Operating and utility expenses will be determined annually on the basis of actual costs. The landlord has agreed to $1.30 per square foot cap on this expense for year 1 and $2.00 per square foot cap for years 2-5. In lease years 4 and 5, the annual rental payments will be $139,385 ($6.10 per square foot); this sum will include $1.10 per square foot for operating and utility costs. The landlord will remodel, at landlord's expense, the lower level and first, second, and a portion of the third floors to the specifications of the tenant. Funds are available in the restricted funds operating budget of the College of Medicine for Fiscal Year 1996. Funds for FY 1997 and each annual renewal period will be included in the College of Medicine's operating budget. The annual renewals are subject to the availability of funds. The vice president for business and finance recommends approval. I concur. On motion of Dr. Gindorf, this recommendation was approved by the following vote: Aye, Mr. Engelbrecht, Dr. Gindorf, Mrs. Gravenhorst, Mr. Lamont, Ms. Lopez, Mrs. O'Malley, Ms. Reese; no, none; absent, Dr. Bacon, Mrs. Calder, Governor Edgar. (The student advisory vote was: Aye, Mr. Didato-Castillo, Mr. Rose; no, none.) Purchases (27) The president submitted, with his concurrence, a list of purchases recommended by the directors of purchases and the vice president for business and finance. The purchases were presented in one category — purchases from institutional funds. The term designates funds received by the University under contracts with the United States government, private corporations, and other organizations; grants from foundations, corporations, and other donors; and University revolving funds authorized by law. The total amount of these purchases from institutional funds was $6,242,033. A complete list of the purchases, with supporting information (including the quotations received), was sent to each member of the board in advance of the meeting. A copy is being filed with the secretary of the board for record. On motion of Dr. Gindorf, the purchases recommended were authorized by the following vote: Aye, Mr. Engelbrecht, Dr. Gindorf, Mrs. Gravenhorst, Mr. Lamont, Ms. Lopez, Mrs. O'Malley, Ms. Reese; no, none; absent, Dr. Bacon, Mrs. Calder, Governor Edgar. (The student advisory vote was: Aye, Mr. Didato-Castillo, Mr. Rose; no, none.) Authorization for Settlement (28) The university counsel recommends that the board approve settlement of the University's potential liability at the Maxey Flats Low-Level Radioactive Waste Disposal Site ("Site") in the amount of $105,809.10. The United States Environmental Protection Agency is alleging that the University is one of many parties who disposed
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