Repository: UIHistories Project: Board of Trustees Minutes - 1984 [PAGE 329]

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320

BOARD OF TRUSTEES

[July 21

cessor agreement except for a similar possible change in the basis for CDC's royalty obligation. 4. T h e Agreement for CDC Equipment, Products and Related Services will provide a new, more powerful, computer system (valued at $3.4 million) which is needed by C E R L to continue its research. T h e University will make an initial payment of $100,000 upon execution of the agreements, followed by monthly payments for maintenance and service of $25,000 for five years starting with acceptance of the equipment installation. These payments will be made from CERL's restricted funds operating budget. T h e University will accrue equity in the computer system at a uniform rate over the five-year period with full title in the equipment vesting in the University at the end of this period. I recommend that the comptroller and the secretary be authorized to execute agreements in accordance with the foregoing.

On motion of Mrs. Day, this recommendation was approved by the following vote: Aye, Mrs. Day, Dr. Donoghue, Mr. Forsyth, Mr. Hahn, Mr. Howard, Mr. Madden, Mrs. Shepherd, Mr. Stone; no, none; absent, Mr. Logan, Governor Thompson. (The student advisory vote was: Aye, Mr. Bolen, Mr. Milkint; no, none.) The recommendation was approved in the light of the following understanding as to the parameters of the negotiations, especially with regard to the royalty question: that a variety of bases will be explored from which royalty rates might be calculated, including such factors as the number of terminals on the system and appropriate measures of operating income generated by one system — and with the request that the administration report to the trustees as to the final result of the negotiations.

Purchases

(39) T h e president submitted, with his concurrence, a list of purchases recommended by the directors of purchases and the vice president for business and finance. T h e list of purchases was 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. T h e total amounts of these purchases were: From Appropriated Recommended From Institutional Recommended Grand Total Funds $ Funds 8 345 729 36 $8 617 732 43 272 003 07

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.

On motion of Mrs. Day, the purchases recommended were authorized by the following vote: Aye, Mrs. Day, Dr. Donoghue, Mr. Forsyth, Mr.