Repository: UIHistories Project: Board of Trustees Minutes - 1984 [PAGE 294]

EXTRACTED TEXT FROM PAGE:

1983]

UNIVERSITY OF ILLINOIS

285

The firm of Baker & McKenzie has been engaged as special counsel and has advised that an adverse verdict is probable and that the settlement value of the case is significantly in excess of $100,000. The University's umbrella carrier has been advised of the existence of the litigation and that its participation in the settlement will be required. Special counsel recommends that authority be given to settle the litigation through the payment of $100,000 by the University, which would be supplemented to the extent appropriate by funds from the University's umbrella insurance carrier. The recommendation of special counsel is supported by the university counsel and by the Risk Management Policy Committee and Hospital Professional Liability Committees. The vice president for business and finance recommends that authority be granted to settle this matter and to expend not to exceed $100,000 in the University's Risk Management account for that purpose. I concur. O n motion of Mr. Howard, authority was granted as recommended by the following vote: Aye, Mrs. Day, Dr. Donoghue, Mr. Forsyth, Mr. H a h n , Mr. Howard, Mr. Logan, Mr. Madden, Mrs. Shepherd, Mr. Stone; no, none; absent, Governor Thompson. (The student advisory vote was: Aye, Mr. Bolen, Mr. Milkint; no, none.) Mr. Madden asked that reports of the settlements finally negotiated be provided as a regular item of information. Mr. Costello will supply this information routinely. MEETING OF THE BOARD AS A COMMITTEE OF THE WHOLE T h e board convened for a meeting of the Buildings and Grounds Committee and reconvened as a Committee of the Whole at 10:25 a.m. for an overview of the 1983-84 budget and presentation of the preliminary budget request for 1984-85. President Ikenberry outlined the nature of the final appropriation made to the University for the coming year and the disposition of such funds by general category. (The report, "Review for FY 1984 Budget Outcomes and Priorities" is filed with the secretary for record.) T h e trustees strongly commended the president for his leadership in the work with the governor and the General Assembly. In turn, he identified the following State officials for their special support of higher education and of the University of Illinois: Governor Thompson; Philip J. Rock, president of the Senate; Michael J. Madigan, speaker of the House; Lee A. Daniels, House minority leader; and James "Pate" Philip, Senate minority leader. H e cited as well the work of Senator Stanley B. Weaver and Representatives Helen F. Satterthwaite and Carol Moseley Braun. PRELIMINARY BUDGET REQUEST, FY 1985 Vice President Weir presented documents, "Review of Preliminary Budget Request for Operating and Capital Funds, Fiscal Year 1985," a copy of which is filed with the secretary of the board. Mr. Weir reviewed the budget process in some detail, noting that because of the lateness of the University appropriation for next year, figures being supplied are still