Repository: UIHistories Project: Board of Trustees Minutes - 1988 [PAGE 510]

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BOARD OF TRUSTEES

[March 10

Comptroller's Monthly Report of Contracts Executed

(33) T h e comptroller submitted the March 1988 report of contracts. T h e report included contractual agreements for payments to the University and contracts in amounts up to $50,000, to be paid by the University. A copy of this report is filed with the secretary.

This report was received for record.

Comptroller's Report of Investment Transactions through February 15,1988

(34) T h e comptroller presented the above report which includes transactions under Finance and Audit Committee guidelines and transactions under the comptroller's authority. A copy of this report is filed with the secretary of the board. O n m o t i o n of M r . Wolff, t h i s r e p o r t w a s a p p r o v e d as p r e s e n t e d .

Annual Report of the Treasurer

(35) In accordance with the Bylaws of the Board of Trustees, the treasurer of the University has submitted a report of receipts and disbursements of University funds in his custody for the period January 1, 1987, through December 3 1 , 1987, certified by the comptroller. A copy of this report was sent to each member of the Board of Trustees prior to the meeting, and a copy is filed with the secretary of the board.

This report was received for record.

Increase in Contract, Krannert Art Museum Addition, Urbana

(36) On October 9, 1986, the Board of Trustees authorized a contract for $1,784,800 to English Brothers Company, Champaign, for the general work for the Krannert Art Museum Addition at the Urbana campus. T h e project included the development of a bookshop/cafe in an area currently occupied by office space in the existing Krannert Art Museum. T h e remodeling under contract is minimal. Since construction contingency funds are now available, it is proposed that the remodeling scope of work be increased in the bookshop/ cafe area to include an expansion of the preparation area, installation of cabinetry, and an upgrade of the finishes. Accordingly, the president of the University, with the concurrence of the appropriate administrative officers, recommends that the contract with English Brothers Company, Champaign, be increased by $45,926.23 for the work described. Funds are available from designated gifts and grants available through the University of Illinois Foundation, the major portion being provided by the William S. Kinkead Trust and Estate.

On motion of Mr. Wolff, this recommendation was approved by the following vote: Aye, Mrs. Calder, Mr. Forsyth, Mrs. Gravenhorst, Mr. Hahn, Mr. Howard, Mr. Logan, Mrs. Shepherd, Miss Smith, Mr. Wolff; no, none; absent, Governor Thompson. (The student advisory vote was: Aye, Mr. Evenson, Mr. Wylie; no, none.)

SECRETARY'S REPORT

The secretary presented for record appointments to the faculty and changes of status made by the president, resignations, terminations, leaves of absence, and retirements. A copy of the report is filed with the secretary.