Repository: UIHistories Project: Board of Trustees Minutes - 1984 [PAGE 465]

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BOARD OF TRUSTEES

[January 19

that is simpler than the one used previously and that provides royalty payments to the University at least equivalent to the royalty which would have been paid under the 1976 Software License Agreement. B. T h e Patent License Agreement Amendment provides for CDC to pay the University royalties for the sale of products embodying Universityowned-and-licensed inventions. The patent royalties are to be calculated in the same manner as the payment of royalties under the Software License Agreement except that the royalty rates on all license fees will be five times greater than the rates used to calculate software royalties and the annual, minimum royalty payable to the University is $50,000.

This report was received for record.

Amendment to Agreement with Mississippi Valley Airlines, Inc.

(16) Negotiations have been completed to amend the present agreement with Mississippi Valley Airlines, Inc., of Moline, Illinois, which presently grants Mississippi Valley landing privileges and the use of the University of Illinois-Willard Airport for scheduled passenger service December 15, 1983, through June 30, 1984. The amendment provides for the lease of 445.5 square feet of office space to Mississippi Valley for $4,775.76 annually, or a monthly amount of $397.98. The space rental rate is equal to rates charged other tenants of the Willard Airport administration building for similar space and services. The term of the amendment is to be the same as the original agreement, December 15, 1983, through June 30, 1984. T h e chancellor at the Urbana-Champaign campus and the vice president for business and finance have recommended that an amendment as described be executed; and that future renewals of the amended agreement be subject to such adjustments in rates as may be approved by the president and the comptroller. I concur.

On motion of Dr. Donoghue, diese recommendations were approved.

Application for Federal Assistance, 1984 Airport Improvement Program

(17) The Illinois Department of Transportation, Division of Aeronautics, and the Federal Aviation Administration have indicated that the following projects will be considered for funding in the fiscal year 1984 Airport Improvement Program: 1. Airport Master Plan Update and Environmental Impact Assessment Report (Estimate: $120,000). 2. Construct, mark, and light new Southeast General Aviation Apron (Estim a t e : $560,000). The Division of Aeronautics has requested that the University prepare an application for Federal assistance for 90 percent of the program. The balance of the cost, which includes the University's and State's share, will be borne by the Division of Aeronautics. The president of the University, with the concurrence of the appropriate administrative officers, recommends that the University submit an application for a Federal grant for the above project for the Airport Improvement Program, FY 1984. It is further recommended that the comptroller and the secretary of the board be authorized to execute the necessary documents for application, acceptance, and implementation.

On motion of Dr. Donoghue, these recommendations were approved. By consensus, the board agreed diat one roll call vote would be taken and considered the vote on each agenda item nos. 18 through 31 in-