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Caption: Board of Trustees Minutes - 1986
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156 BOARD OF TRUSTEES [January 17 absent, Governor Thompson. (Mr. Hahn asked to be recorded as not voting.) (The student advisory vote was: Aye, Mr. Lamm, Mr. Pittman; no, none.) Lease of Space, Division of Services for Crippled Children, Springfield (25) The chancellor at Chicago has recommended approval of a contract with Charles E. Robbins, realtor, to lease 9,750 square feet of space in Hill Meadows Park, Springfield, for the period July 1, 1985, through June 30, 1990, to provide space for the administrative offices of the Division of Services for Crippled Children. This lease would replace the existing lease at lies Park Place in Springfield which terminates June 30, 1985. The new lease will be at a base rate of $92,625 per year (a unit cost of $9.50 per square foot), subject to a 3 percent increase in the fourth and fifth years of the lease. The lessor will construct facilities to the specifications of the University, at the standards of the lessor and at the expense of the lessor. The University will pay for utilities. Housekeeping and building maintenance costs are at the expense of the lessor. The offices have been located in the lies Park Place Building since 1967. The property has been acquired by new owners who have proposed terms unacceptable to the University. The search for a replacement site was initiated, and several alternatives were considered. The site recommended will result in cost savings while meeting all requirements of the Division. The space will be provided in a building to be constructed for lease to the University and to the Board of Governors of State Colleges and Universities. Execution of this lease is contingent upon successful negotiations between the realtor and the Board of Governors for its portion of the building. The lease agreement must be finalized by March 1, 1985. Funds will be included in the appropriation bill of the General Assembly to meet the ordinary and contingent expenses of the University for Fiscal Year 1986 and will be included in the Division of Services for Crippled Children budget authorization request submitted to the Board of Trustees. The lease agreement in FY 1986 and subsequent fiscal periods is subject to the availability of funds. The vice president for business and finance concurs in this recommendation. I recommend approval. On motion of Mr. Forsyth, this recommendation was approved by the following vote: Aye, Mrs. Day, Mr. Forsyth, Mrs. Gravenhorst, Mr. Hahn, Mr. Howard, Mr. Logan, Mr. Madden, Mrs. Shepherd, Miss Smith; no, none; absent, Governor Thompson. (The student advisory vote was: Aye, Mr. Lamm, Mr. Pittman; no, none.) Purchases (26) The president submitted, with his concurrence, a list of purchases recommended by the directors of purchases and the vice president for business and finance. The purchases were presented in one category — purchases from institutional funds. This term designates funds received by the University under contracts with the United States government, private corporations, and other organizations; grants from foundations, corporations, and other donors; and University revolving funds authorized by law. The total amount of these purchases from institutional funds was $2,905,494.43. A complete list of the purchases, with supporting information (including the
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