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Caption: Board of Trustees Minutes - 1980
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1980] UNIVERSITY OF ILLINOIS 649 Oil and Gas Lease, Edwards County (28) The University owns a small experimental field near West Salem, Illinois, in Edwards County. The tract was a gift from community subscribers in 1912 and has been used as an experimental tract for agronomics and forestry research. The tract, of approximately 24 acres, appears to have potential for oil production. Marks Exploration and Drilling, Olney, Illinois, has offered a one-year oil and gas lease for the tract at $10 per acre plus $500 per hole for land damages. T h e lease provides for the payment of the standard one-eighth royalty for oil or gas produced. T h e lease also contains the standard crop damage provision to restore the area to near its present condition and a provision to restrict development from any research plot area. T h e director of the Experiment Station has determined that the lease will not interfere with the research program and any royalties received will be used in support of the agricultural operations activity. The chancellor at Urbana has recommended that the University enter into the lease as described. T h e vice president for administration concurs. I recommend approval. Oil and Gas Lease, White County (29) In 1912 the University received a 20-acre farm in White County near Enfield. The tract was a gift from community subscribers in 1912 and has been used as an experimental tract for agronomic and forestry research. C. E. Brehm, oil producer and drilling contractor, Mt. Vernon, Illinois, has offered a one-year oil and gas lease for the tract at $10 per acre. T h e lease provides for the payment of the standard one-eighth royalty for oil or gas produced. T h e lease will be a nondevelopment lease. T h e director of the Experiment Station has determined that the lease will not interfere with the research program. Any royalties received will be used in support of the agricultural operations activity. The chancellor at Urbana has recommended that the University enter into the lease described. T h e vice president for administration concurs. I recommend approval. O n motion of Mr. Lenz, the preceding recommendations were approved. Mr. Velasquez returned to the meeting at this time. By consensus the board agreed that one roll call vote would be taken and considered the roll call vote on each of the next twenty-two items. T h e recommendations were individually discussed but acted upon at one time. Radiation Safety Contract, Chicago Circle (30) The president of the University, with the concurrence of the appropriate administrative officers, recommends the award of a contract for radiation services at the Chicago Circle campus to Radiation Safety Services, Inc., for the period July 1, 1980, through June 30, 1981, at the rate of $3,135 per month, the total not to exceed $37,620. T h e services include: a review of the method of acquisition, delivery, and inventory control of radioisotopes, laboratory survey, management of radioactive wastes, authorization of users, preparing license applications, calibrating equipment, providing reports, and emergency services as needed. Funds are available from institutional funds at the Chicago Circle campus. (The services are to be performed under the supervision of the Office of Environmental Health and Safety.)
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