Repository: UIHistories Project: Board of Trustees Minutes - 1980 [PAGE 266]

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256 Date 3/2 3/5 3/6 3/7 3/9 3/15 3/19 3/19 3/19 3/20 3/21 3/22 3/23 3/26 3/26 3/26 3/28 3/30 3/1-31 net

BOARD OF TRUSTEES

[April 2 0

$

Number Description Cost/Yield Amount 4 000 International Harvester Credit demand notes 9.97% $ 4 000 00 1 000 000 Continental Bank 9.65 percent time deposit due 4 / 2 0 / 7 9 9.65 1 000 000 00 970 000 U.S. Treasury bills due 5/29/79 9.66 948 626 67 2 000 000 First National Bank of Chicago 9»/« percent certificate of deposit due 5/9/79 9.75 2 000 000 00 1 000 000 Federal National Mortgage Association note due 3/28/79 9.70 994 906 94 583 365 Government National Mortgage Association 6'/2 percent Pool No. 7335 due 10/1/05 8.26 492 214 35 2 000 000 Continental Bank 10.10 percent time deposit due 7/17/79 10.10 2 000 000 00 600 000 Continental Bank 10S4 percent time deposit due 9/17/79 10.50 600 000 00 400 000 U.S. Treasury bills due 9 / 6 / 7 9 9.86 382 102 00 16 000 Ford Motor Credit demand n o t e s . . . 10.03 16 000 00 1 018 725 Bloomington Federal Savings & 3 Loan 10 /4 percent certificate of deposit due 6/20/79 10.75 1 018 275 18 500 000 Federal National Mortgage Association notes due 7/24/79 10.04 483 294 44 145 000 U.S. Treasury bills due 9 / 6 / 7 9 9.83 138 679 19 600 000 Continental Bank 10 percent time deposit due 7/24/79 10.00 600 000 00 1 000 000 Continental Bank 10.05 percent time deposit due 8/23/79 10.05 1 000 000 00 1 000 000 Continental Bank 10.35 percent time deposit due 9/24/79 10.35 1 000 000 00 1 022 493 Busey First National Bank 9.90 percent certificate of deposit due 6/29/79 9.90 1 022 493 42 1 500 000 U.S. Treasury bills due 3/4/79 10.45 1 365 250 00 32 395 First National Bank of Chicago 5 percent open-end time deposit 5.00 32 394 58

Contract for Consolidated Police Dispatch Services, Urbana

(26) Since 1975 the police departments of the cities of Champaign and Urbana and the University of Illinois at Urbana-Champaign have been participants in a project established to develop and equip a consolidated computer-aided dispatch service for the three departments. For the most part, the project has been funded by the Federal Law Enforcement Assistance Administration and the Illinois Law Enforcement Commission, with a 5 percent local match from the local departments. 1 T h e project, known as Metropolitan Computer-Aided Dispatch ( M E T C A D ) , will be ready for implementation on May 1, 1979. Implementation of M E T C A D will permit each of the three police departments to phase out its police dispatch operation. T h e University's share of the cost of operating the service will not exceed its present cost (escalated for inflation) of providing dispatch service and it will provide for improvements in service with no loss of control over the University

1 During this period, including the final development stage just now getting under way, federal and state funds have amounted to $744,547, and local funds $39,187, the University's share being $11,732. These funds were used for the purchase of communications and computer equipment, consultants' fees, and space remodeling.