Repository: UIHistories Project: Board of Trustees Minutes - 1986 [PAGE 160]

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1985]

UNIVERSITY OF ILLINOIS

149

a significant increase in funds available for Fiscal Year 1985 airport improvement projects. Additionally, the FAA informed the University of alternate sources of funds for certain projects listed in the application submitted after the board action of July 19, 1984. The University has been asked to submit an amended application to make use of the additional funds and to delete items for which alternate funding has been identified. The chancellor at Urbana-Champaign has recommended that the amended application be submitted for the FY 1985 airport improvement projects listed below. a. Security lights, northeast apron and entrance road $213 000 b. Land acquisition in clear zone to Runway 4-22 199 000 c. Purchase of snowblower 88 000 d. Installation of medium-intensity runway lights—Runway 18-36. . 87 000 e. Construct, mark, and light service roads; the project includes drainage 150 000 I recommend approval. O n m o t i o n of M r . L o g a n , this r e c o m m e n d a t i o n w a s a p p r o v e d .

Ruth Krautsch Trust

(14) Ruth Krautsch of Chicago, Illinois, died on June 9, 1984, leaving a trust agreement under the terms of which one-sixth of the balance of the trust estate plus income is to be distributed to "the University of Illinois Medical Center" to be used by the Department of Ophthalmology for research purposes. The University's share vested upon the death of the settlor of the trust. While certain contingencies remain relating to unsettled IRS claims, the value of the gift is estimated at approximately $37,000. As trustee of the Ruth Krautsch trust, the First National Bank of Chicago has requested the board to adopt a resolution formally accepting the gift and appointing a duly authorized representative to receive the distribution of same. Accordingly, I recommend the adoption of the following resolution and that the comptroller of the Board of Trustees be authorized to take such actions and to execute such documents as may be required by the First National Bank to transfer the funds from the Ruth Krautsch trust to the University for the purposes specified therein.

Resolution

Whereas, Ruth Krautsch, a resident of Chicago, Illinois, departed this life on June 9, 1984, leaving a trust agreement which contains provisions for a distribution as follows: 4(f) One-sixth (V&th) of the trust estate to the University of Illinois Medical Center to be used specifically by the Department of Ophthalmology for research purposes. Now, Therefore, Be It Resolved by T h e Board of Trustees of the University of Illinois that the said distribution made by the foregoing provisions be and the same is hereby accepted by The Board of Trustees of the University of Illinois for use in said Department of Ophthalmology for the uses and purposes therein set forth. And Be It Further Resolved that C. S. Bazzani as Comptroller of The Board of Trustees of the University of Illinois be and he is hereby authorized to accept payment on behalf of said public corporation of said distribution, and to execute and deliver to the First National Bank of Chicago as trustee under agreement with Ruth Krautsch, deceased, the receipt of the said corporation in satisfaction thereof and such other documents as may be required by the trustee.