Repository: UIHistories Project: Board of Trustees Minutes - 1986 [PAGE 282]

EXTRACTED TEXT FROM PAGE:

1985]

UNIVERSITY OF ILLINOIS

271

officers of this board which arc 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 motion of Mr. H a h n , these recommendations were approved by the following vote: Aye: Mrs. Day, Mr. Forsyth, Mrs. Gravenhorst, Mr. H a h n , Mr. Howard, M r . Logan, M r . Madden, Mrs. Shepherd, Miss Smith; no, none; absent, Governor Thompson. ( T h e student advisory vote was: Aye, Mr. L a m m , M r . Pittman; no, none.) RedesignaHon, Student Fee Subsidy ("Facility Fee"), Chicago Housing (24) The president recommended a change in the designation of the fee to be charged all students at the Chicago campus to fund debt service for the new Chicago housing. He asked that the fee, previously designated a "facility fee,"1 be redesignated a "general fee"; and, by consensus, the trustees agreed. The fee will be implemented over a two-year period, with an additional increment in Fiscal Year 1987. By consensus, the board agreed that one roll call vote would be taken and considered the vote on each agenda item nos. 25 through 35 inclusive. T h e recommendations were individually discussed but acted upon at one time. (The record of board action appears at the end of each item.) Authorizations with Respect to Revenue Bonds, Series 1985A (U.S. Army Corps of Engineers Construction Engineering Research Laboratory) (25) The president, with the concurrence of the appropriate administrative officers, recommends the following: 1. Approval of the Private Placement Memorandum for the Board of Trustees of the University of Illinois Revenue Bonds, Series 1985A (U.S. Army Corps of Engineers Construction Engineering Research Laboratory).1 2. Adoption of a resolution authorizing and providing for the issuance of Revenue Bonds, Series 1985A (U.S. Army Corps of Engineers Construction Engineering Research Laboratory) of the Board of Trustees of the University of Illinois, prescribing all the details of said bonds and providing for the security and payment thereof.3 3. Approval of the Escrow Agreement with the Chicago Title and Trust Company, Chicago, Illinois, to serve as Escrow Agent, as defined in the Bond Resolution." 4. Approval of the exercise by the board of an option to acquire title to the land and facilities constituting the Construction Engineering Research Laboratory, subject to Lease No. DACA-23-5-68-213 (the "lease").'

1 See "Student Fees, Chicago and Urbana," minutes, April 18, 1985. 1 A copy is filed with the secretary of the board for record and the appropriate officers of the board are hereby authorized and directed to execute the same in the name and on behalf of the board in substantially the form presented to this meeting, or with such changes as may be approved by the officer or officers of the board executing the same, his or their execution thereof to constitute conclusive evidence of the board's approval of all changes from the form thereof presented to this meeting; provided, however, that if any such changes constitute a substantial change in the form thereof presented to this meeting they shall first be approved by the Executive Committee of the board, to which authority for such approval is delegated by the board. 8 The appropriate officers of the board are hereby authorized and directed to execute said option in the name and on behalf of the board.