Repository: UIHistories Project: Board of Trustees Minutes - 1986 [PAGE 202]

EXTRACTED TEXT FROM PAGE:

1985]

UNIVERSITY OF ILLINOIS

191

Association physical facilities; the Student Welfare and Activities Committee to receive preliminary information with regard to recommendations concerning tuition, fees, and housing rates, and to discuss an agenda item, "Recommendation Regarding the Assignment of Debt Service Obligations for Auxiliary Facilities"; and the Committee of the Whole, to receive background information on other agenda items, "Self-Insurance Liability Plan" and "Establishment of Trust to Operate an HMO." (The Student Welfare and Activities Committee was adjourned for the board luncheon and the Committee of the Whole convened at 12:45 p.m., adjourning at 2:30 p.m., at which time the Board of Trustees meeting was reconvened.)

MINUTES APPROVED

The secretary presented for approval the press proof of the minutes of the Board of Trustees meeting of November 15, 1984, copies of which had previously been sent to the board. On motion of Mr. Madden, these minutes were approved.

BUSINESS PRESENTED BY THE PRESIDENT OF THE UNIVERSITY

President Ikenberry recognized and introduced observers from the c a m pus senates a n d from the University Senates Conference. 1

REGULAR AGENDA

T h e board considered t h e following reports and r e c o m m e n d a t i o n s from the president of the University.

Recommendations Regarding the Assignment of Debt Service Obligations for Auxiliary Facilities

(2) For several months, the trustees and other members of the University community have considered improvements to the auxiliary facilities systems on both campuses. In April, specific project proposals will be presented to the board for detailed review and action. Prior to that action, however, it is appropriate to define the factors that will underlie the assignment of debt service and repair and replacement obligations. The specific projects and the related financial considerations have been discussed by students, faculty groups, and administrators. On most aspects of the recommended approach to financing, there appears to be some reasonable degree of consensus. On other aspects, there remain thoughtful differences of view growing out of differing perspectives of the past, the present, and the future. The auxiliary facilities system, in its present form, is a relatively recent creation of the Board of Trustees, 1978. Before that time, debt on the various auxiliary facilities, while treated as a general obligation of the University, was a conglomerate of numerous, separate bond issues. In 1978, the debt of the system was consolidated under one bond resolution, and any new debt of the system also would be defined under a single resolution. Debt service obligations and repair and replacement assignments are paid from user fees, or by student fee assessments. Housing resi1 University Senates Conference: Rollin G. Wright, professor and head of the Department of Physical Education, Urbana-Champaign campus; Chicago campus Senate: Stanley Shapiro, professor and head of the Department of Biological Sciences; Urbana-Champaign Senate Council: Geneva Belford, professor of computer science.