Repository: UIHistories Project: Board of Trustees Minutes - 1986 [PAGE 262]

EXTRACTED TEXT FROM PAGE:

1985]

UNIVERSITY OF ILLINOIS

251

the creation of a debt-service reserve, and the payment of the costs of issuance of such revenue bonds by the board; and (iv) the form of a lease to be entered into between the board and Corps of Engineers pertaining to such Construction Engineering Research Laboratory. 2. That Clayton Brown & Associates, Inc., serve as placement agent to the University in connection with the issuance of revenue bonds by the board for the purposes stated in paragraph 1 hereof. 3. That Chapman and Cutler serve as bond counsel in connection with the issuance of revenue bonds by the board for the purposes stated in paragraph 1 hereof. 4. That the comptroller and other authorized officers of this board be and they are hereby authorized and empowered to do and perform such other acts on behalf of the board as they may deem necessary or appropriate and which are in conformity with the intents and purposes of these resolutions shall be and the same are hereby in all respects, ratified, confirmed and approved. O n m o t i o n of M r . Forsyth, this r e c o m m e n d a t i o n w a s approved by the following v o t e : Aye, Mrs. D a y , M r . Forsyth, Mrs. Gravenhorst, M r . H a h n , M r . H o w a r d , M r . L o g a n , M r . M a d d e n , M r s . Shepherd, Miss S m i t h ; n o , n o n e ; absent, Governor T h o m p s o n . ( T h e student advisory vote w a s : Aye, 'Mr. L a m m , M r . P i t t m a n ; n o , none.)

Purchases

(35) 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 two categories: purchases from appropriated funds (i.e., from State appropriations to the University); and purchases from institutional funds. The latter 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 amounts of these purchases were: From Appropriated Recommended From Institutional Recommended Grand Total Funds $ Funds 2 334 096 67 $2 463 401 67 129 305 00

A complete list of the purchases, with supporting information (including the quotations received), was sent to each member of the board in advance of the meeting. A copy is being filed with the secretary of the board for record. O n m o t i o n of M r . Forsyth, t h e purchases r e c o m m e n d e d w e r e a u t h o rized by the f o l l o w i n g v o t e : A y e , M r s . D a y , M r . Forsyth, Mrs. Gravenhorst, M r . H a h n , M r . H o w a r d , M r . L o g a n , M r . M a d d e n , M r s . Shepherd, Miss S m i t h ; n o , n o n e ; absent, Governor T h o m p s o n . ( T h e student advisory v o t e w a s : Aye, M r . L a m m , M r . P i t t m a n ; n o , none.)