Repository: UIHistories Project: Board of Trustees Minutes - 1980 [PAGE 337]

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326

BOARD OF TRUSTEES

LJurie 20

additional five-year terms. T h e granting of the first extension would be contingent upon Midstate's providing, during or before the fifth year of the initial agreement, plans and specifications for a permanent office, lounge, and operations building; and a timetable acceptable to the University for its completion. Location of these facilities would be based on airport planning guides. T h e financial terms of the agreement would be subject to review and renegotiation at the end of each five-year period and before the construction of the permanent office, lounge, and operations building. During the first five-year term of the agreement, Midstate Aviation would provide, at their cost, for the following (the permanent elements would become the property of the University and would be of value to the University): 1. Construction of a permanent concrete apron approximately 100' x 100' at an estimated cost of $55,625 including engineering design and supervision; 2. Construction of temporary facilities, including office and operations building, estimated to cost $44,477 including concrete foundations and sanitary sewage facilities; 3. Construction during or before the fourth year of the agreement of a permanent 50' wide addition to the concrete apron described above; 4. Provision during or before the fifth year of the agreement of plans, specifications, and a timetable acceptable to the University for the construction of a permanent office, lounge, and operations building which would replace the temporary facilities described above. In consideration for providing the above, Midstate would have first priority in the use of the apron area constructed by it, and would be leased one-third of the area in Hangar No. 3, and an area approximately 77' x 120' adjacent thereto, and ten automobile parking spaces at a total annual rental charge of $4,300. In addition, the University would receive a percentage of Midstate's gross sales. During the term of this agreement and any extension periods, Midstate would be permitted to offset against the amount due the University an amount equal to its costs of providing the permanent facilities, except for $2,000 annually which shall be payable in cash; such offset would continue until Midstate's cost of providing the permanent facilities are fully recovered or until the agreement terminates, whichever comes first. Should the agreement not be renewed or be otherwise terminated, all permanent facilities constructed by Midstate pursuant to this agreement, or any renewal of it, would become the property of the University without cost or obligation to the University. T h e agreement reserves to the University the right to extend to others the opportunity to engage in fixed base operations at Willard Airport. The chancellor at the Urbana-Champaign campus and the vice president for administration have recommended that the comptroller and the secretary be authorized to execute an agreement as described above. I concur. T h e student advisory vote w a s : Aye, Miss Kooper, M r . Sobotka, M r . Watson; no, none. O n m o t i o n of M r . S t o n e , a u d i o r i t y w a s g i v e n as r e c o m m e n d e d by t h e following v o t e : Aye, D r . D o n o g h u e , M r . Forsyth, M r . H a h n , M r . H o w ard, M r . Lenz, Mrs. Shepherd, M r . Stone, M r . Velasquez; no, n o n e ; absent, M r . Neal, Governor T h o m p s o n .

SECRETARY'S REPORT

T h e s e c r e t a r y p r e s e n t e d for r e c o r d a p p o i n t m e n t s to t h e faculty a n d c h a n g e s of s t a t u s m a d e by t h e p r e s i d e n t , r e s i g n a t i o n s , leaves of a b s e n c e , a n d r e t i r e m e n t s . A c o p y of d i e r e p o r t is filed w i t h t h e s e c r e t a r y .