Repository: UIHistories Project: Board of Trustees Minutes - 1980 [PAGE 327]

EXTRACTED TEXT FROM PAGE:

316

BOARD OF TRUSTEES

[June 20

T h e renewal of this lease is for the same amount of rental space but at a higher rate. The present rate is $7.26 per square foot and a total annual cost of $56,983.80. Funds have been included in the appropriation bill of the General Assemby 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, Cooperative Extension Service

(44) The president of the University, with the concurrence of appropriate administrative officers, recommends that the comptroller and the secretary be authorized to execute the following leases, subject to the availability of funds, for the period July 1, 1979, through June 30, 1980, at various locations within the state to provide space for Cooperative Extension activities. The terms of the proposed leases are as follows: Proposed Annual Payment Lessor/Location/Sq. Ft. Cost/Sq. Ft. Knox County Ext. & 4-H Facilities Corp., Galesburg $32 308 2,100 sq. ft. plus 2,017 sq. ft. nonexclusive $7.84/sq. ft. County Board of the County of DuPage, Wheaton $29 346 3,350 sq. ft. plus 3,150 sq. ft. nonexclusive $4.51/sq. ft. Anna Malleris, Chicago (Cook County) $10 464 4,000 sq. ft. $2.62/sq. ft. Bremen Bank & Trust Co., Tinley Park (Cook County) $16 575 1,950 sq. ft. $8.50/sq. ft. Will County Farm Bureau, Joliet $16 787.50 2,686 sq. ft. plus 1,536 sq. ft. nonexclusive $3.98/sq. ft. McLean County Farm Bureau, Bloomington $15 400 1,400 sq. ft. plus 2,500 sq. ft. nonexclusive $3.95/sq. ft. Montgomery County Farm Bureau, Hillsboro $4 482 2,060 sq. ft. plus 1,500 sq. ft. nonexclusive $1.20/sq. ft. 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 County Extension Trust Fund operating budget authorization request for FY 1980 to be submitted to the Board of Trustees.

Extension and Amendment of Lease for Aeronomy Field Station, Urbana

(45) The president of the University, with the concurrence of appropriate administrative officers, recommends the authorization of an extension and amendment of lease for thirty acres of land for the Aeronomy Field Station in Section 26 of Somer Township, Champaign County, at an annual rental of $8,000 for the period July 1, 1979, through June 30, 1980. Funds are available from institutional funds at the Urbana-Champaign campus. In 1964 and 1966, the University entered into agreements to lease this land as a portion of the site for the Department of Electrical Engineering's Aeronomy Field Station at a rental rate of $500 per year, with options through June 30, 1979, upon the same terms and conditions. T h e University, in a program funded entirely by NASA and the National Science Foundation, operates five kinds of beam type antennae at the station to study meteors and properties of the upper atmosphere.