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Caption: Board of Trustees Minutes - 1986
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330 BOARD OF TRUSTEES [ J u t y 18 — Chicago Engineering Research Building: $2.4 million in planning funds for FY 1986, $30 million total — Urbana Animal and Dairy Science L a b : $1 million in planning funds for FY 1986, $17.4 million total —-Repair and Renovation Program for both campuses: $7.8 million for FY 1986, and for four years thereafter, for a total of $39 million —-Western Illinois Agriculture Center land and facilities: $700,000 Within the appropriations from the Capital Development Fund the University received the following projects: Dollars in Millions Chicago Pharmacy building renovation 5.2 Chicago Library improvements 5.3 Chicago Admissions Office relocation 1.2 Urbana Computer Lab. addition, planning 1.1 Urbana Microelectronics Research Center 3.7 Urbana Environmental Sciences renovation 3.5 Urbana Swine Research facilities 1.7 Urbana Food for Century Three equipment 6 Urbana Fire Service Institute 2.6 Total 24.9 As with the FY 1986 operating budget, the University's FY 1986 capital budget is the most far-reaching in two decades. The University's physical facilities must be renovated, and in some cases, replaced, if the quality of U I academic programs is to be maintained. FY 1986 will begin that process, and will enable the University to expand its research activities in areas of direct importance to Illinois' overall economic development. OLD AND NEW BUSINESS Correction, Policy on South Africa (2) Mrs. Shepherd announced that, after the June 20 meeting, a technical error was noted in the text of the policy concerning investments in South Africa. The ambiguity occurs in the section entitled, "Stock Divestiture," under "condition no. 4." The text, as approved by the board, reads as follows: "The company has not obtained one of the top two rating categories of the Sullivan Principles or comparable standards of performance or has fewer than 25 employees in South Africa." (emphasis supplied) The intent had been to make clear that divestiture would not be considered for companies with fewer than 25 employees in South Africa. Accordingly, President Shepherd suggested the substitution of the following: "However, divestiture will not be considered if the company has fewer than 25 employees in South Africa." On motion of Mr. Howard, the trustees approved the amendment as presented. (Following this action, the minutes of the June 20, 1985, meeting were corrected to reflect this action and thus to provide in those minutes the full text of the policy statement.) REGULAR AGENDA The board considered the followdng reports and recommendations from the president of the University.
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