Repository: UIHistories Project: Board of Trustees Minutes - 1994 [PAGE 303]

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1995]

UNIVERSITY OF ILLINOIS

291

Report of Finance and Audit Committee on Treasurer's Bond (31) The Finance and Audit Committee reports that the University has obtained a Treasurer's Bond in the amount of $500,000 with the Lumbermens Mutual Casualty Company as surety and Lester H. McKeever, Jr., as principal. The Finance and Audit Committee has accepted the bond and reports its receipt for the record. This report was received and confirmed. Lease of Space for FAA Tower Operations at the University of Illinois-Willard Airport on a Temporary Basis (Report of Actions) (32) The Federal Aviation Administration (FAA) requested that the University provide space temporarily in the Institute of Aviation's Administration Building and on the airfield ramp directly outside the Administration Building. The FAA needs to temporarily house their operational facilities in another location while their control tower undergoes renovation to meet OSHA National Fire Protection Standards. For use during this renovation process, the FAA needs to build a temporary tower on the ramp area. In accord with the board's "authorization to execute contracts, Willard Airport, Urbana"; approved by the board, January 16, 1992, the comptroller authorized this lease. It began April 13, 1995, and is to be in effect for a period of three months. Renovation of the tower, construction of a temporary tower, and moving costs will be covered by FAA funds. The FAA has agreed to pay the fair market rate for these areas based upon their current tower lease and other Institute of Aviation ramp leases. The rental charge is $1,436 per month for three months based upon lease of 2,025 square feet of operations space and 400 square feet of ramp space. No University funds were required. This report was received and confirmed. Comptroller's Financial Report Quarter Ended March 31,1995 (33) The comptroller presented his quarterly report as of March 31, 1995. A copy has been filed with the secretary of the board. This report was received for record. REPORT OF THE SECRETARY: SELECTION OF STUDENT NONVOTING MEMBERS OF THE UNIVERSITY OF ILLINOIS BOARD OF TRUSTEES, 1995-96 Chicago Campus The election was held on April 4 and 5, 1995, and Roy Mathew, a graduate student in the Public Policy Analysis Program, was elected. The total number of votes cast was 1,076. The tally for each of the candidates was: Roy Mathew Cid Williams Frankie Medina 469 417 190