Repository: UIHistories Project: Board of Trustees Minutes - 1980 [PAGE 326]

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1979]

UNIVERSITY OF ILLINOIS

315

Funds as required will be covered by a contract work order which will be charged against funds allocated for each such project.

Lease of Space at 1001 West Van Buren Street, Chicago

(41) The president of the University, with the concurrence of appropriate administrative officers, recommends the execution of an agreement, subject to the availability of funds, to lease space for the period from July 1, 1979, through June 30, 1980, as listed below: Proposed Cost Per Lessor/'Address/Sq. Ft. Annual Rental Sq. Ft. Westridge/Minois Realty & Management Co., $18 750 $1 25 Inc., as agents for the Reliable Corporation, 1001 West Van Buren Street, Chicago 15,000 square feet on the fifth floor1 T h e Center for Research in Criminal Justice will be utilizing this space for a research project funded by federal funds. Funds will be included in the Center for Research in Criminal Justice institutional funds operating budget authorization request for FY 1980 to be submitted to the Board of Trustees.

Lease of Space for Division of Services for Crippled Children in Chicago

(42) The president of the University, with the concurrence of the appropriate administrative officers, recommends renewal and amendment of the lease for the office of the Division of Services for Crippled Children in Chicago, subject to the availability of funds. The lease would be for the period July 1, 1979, through June 30, 1980, as follows: Rentable Cost per Location Square Feet Annual Rent Square Foot 43 East Ohio Street, Chicago 5 817 $42 929 52 $7 38 T h e renewal of this lease is for the same amount of rental space but at a higher rate. T h e present rate is $6.90 per square foot and a total annual cost of $40,137.36. Funds have been included in the appropriation bill of the General Assembly to meet the ordinary and contingent expenses of the University for FY 1980 and will be included in the Division of Services for Crippled Children's operating budget authorized in the request for FY 1980 to be submitted to the Board of Trustees.

Lease of Space for Division of Services for Crippled Children in Springfield

(43) The president of the University, with the concurrence of the appropriate administrative officers, recommends renewal and amendment of the lease for the office of the Division of Services for Crippled Children in Springfield, subject to the availability of funds. The lease would be for the period July 1, 1979, through June 30, 1980, as follows: Rentable Cost per Location Square Feet Annual Rent Square Foot lies Park Place, Sixth and Ash 7 849 $57 428 28 $7 32 Streets, Springfield

1 The University has an option to extend the lease for an additional one-year period at the same annual rental.