Repository: UIHistories Project: Board of Trustees Minutes - 1980 [PAGE 576]

EXTRACTED TEXT FROM PAGE:

1980]

UNIVERSITY OF ILLINOIS

565

(e) at the option of the United States, revert to the United States in its then existing condition if all of the aforesaid conditions are not met, observed, or complied with. If, with approval, the property is sold, all proceeds therefrom will be used for the maintenance, development or operation of the Airport. Establishment of Parking Reserve Fund, Urbana (16) T h e chancellor of the Urbana-Champaign campus has recommended the establishment of a Parking Operations Development Reserve Fund at the UrbanaChampaign campus. It will be in the amount of $200,000 and be used to construct a surface parking lot of approximately 240 spaces for the new Veterinary Medicine Basic Sciences Building. Construction is expected to be accomplished in fiscal years 1982 and 1983. Funds will come from the Parking Operations Fund at Urbana-Champaign. The development reserve is consistent with the guidelines approved by the board on May 18, 1977. The vice president for administration has recommended approval. I concur. W i l l i a m S. Landis M e m o r i a l Fund (17) The University has received $100,000 as a partial distribution from the Valerie Landis Trust under the following terms: The trust estate remaining . . . shall be distributed to the University of Illinois Medical School. Trustor states it is her desire that this gift be used for research in the field of muscular dystrophy, represented by scholarships for that purpose and by way of a memorial in the name of Trustor's husband, William S. Landis. 1 The vice president for administration and the chancellor at the Medical Center have recommended that this fund be retained and invested as a quasiendowment fund with the income to be used in accordance with the terms of the gift. I concur. O n m o t i o n of M r . H o w a r d , i t e m s 5 t h r o u g h 17 inclusive w e r e a p proved. By consensus t h e b o a r d a g r e e d t h a t o n e roll call vote w o u l d be t a k e n a n d c o n s i d e r e d t h e roll call v o t e o n e a c h of t h e n e x t n i n e i t e m s . T h e r e c o m m e n d a t i o n s w e r e i n d i v i d u a l l y discussed b u t a c t e d u p o n a t o n e t i m e . Self-Insurance Plan for General a n d Professional Liability — Employment of Special Counsel (18) Under the terms of the University's Self-Insurance Plan for General and Professional Liability, the University has the right and duty to defend any suit seeking damages against the University or any covered person on matters to which the coverages of the plan relate. The plan provides that required legal services may be provided by the university counsel or his staff, or by outside counsel as the university counsel deems necessary. In order to facilitate the handling of litigation matters covered by the plan and to enable pleading deadlines to be met in a timely manner, the university counsel has recommended that he be authorized, within the limit of funds available in the University's self-insurance plan, to employ special counsel when he deems such employment to be necessary or appropriate to protect the interests of

1 Mr. Landis attended the College of Commerce at Urbana-Champaign during the early 1920's and died in 1960.