Repository: UIHistories Project: Board of Trustees Minutes - 1986 [PAGE 460]

EXTRACTED TEXT FROM PAGE:

1986]

UNIVERSITY OF ILLINOIS

449

a member of the board.) Mr. Howard reminded the trustees that some 46 percent of die participants in die system are University of Illinois employees. H e indicated that efficient and computerized systems were being installed and that improved investment standards h a d resulted from the work of recent years. Trustee Gravenhorst reported on die work of die Student Welfare and Activities Committee, of which she is the chairman. Luncheon meetings have been arranged at each campus for students representing various groups. These meetings provide opportunities for broad discussions on a variety of problems. She regarded these as rewarding for the committee itself and for students and reported her intent to develop a regular schedule of such events in cooperation widi die vice chancellors for student affairs at the campuses. Mr. Forsyth, who is chairman of the Adiletic Activities Committee, attended a recent meeting of the Athletic Association Board of Directors. H e described the ambitious plans of the association for a fund-raising effort, an endeavor tiiat has been reviewed in general with die Board of Trustees and specifically approved by the University Development Committee. Trustees H a h n and Madden, who serve on die Board of Trustees Alumni Committee (with Mr. H a h n as chairman), reported on their recent attendance at a meeting of die Alumni Association Board of Directors at which they discussed the role of die association in die nomination process for University trustees and also presented a statement of die trustees' rationale in the development of its policy concerning investments in South Africa. President Shepherd reminded die trustees about die meeting of the Association of Governing Boards of Universities & Colleges in March, emphasizing the unusual quality of special speakers scheduled for the meeting; also, a meeting of the trustees of die Big T e n Universities in Bloomington, Indiana, June 1-2. President Ikenberry tiien asked Vice President Bazzani to report on the progress of die telecommunications system. T h e report follows. Lease-Purchase of the University-Wide Telecommunications System The board at its meeting of November 14, 1985, granted authority to the comptroller and secretary to execute the necessary documents as required';, (1) to execute four contracts with Illinois Bell Telephone (IBT) and Illinois Bell Com-' munications Company (IBC) to provide customer premise equipment, a supporting distribution system, a ten-year digital switching service agreement, and an agreement with IBC to act as project manager for installations of the system; (2) to assign those contracts, as required, to the underwriter Bear, Stearns & Co., Inc. (BSC); and (3) to enter into a ten-year lease-purchase agreement with BSC for the leasing of the telecommunications system. I am pleased to report that all of the above were implemented during the month of December 1985. The four contracts with IBT and IBC were executed on December 20, 1985, with the concurrence of the Illinois Department of Central Management Services. The aggregate amount of those contracts, and a construction