Repository: UIHistories Project: Board of Trustees Minutes - 1982 [PAGE 109]

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98

BOARD OF TRUSTEES

[October 16

University Patent Committee recommends that the University retain the rights to make and use the discovery and release all other patent rights to the inventor. 1 concur in these recommendations. O n m o t i o n of M r . V e l a s q u e z , t h e s e r e c o m m e n d a t i o n s w e r e a p p r o v e d .

Agreement with Ozark Air Lines

(15) T h e annual agreement with Ozark Air Lines for services in Willard Airport Administration Building, including operation and maintenance service, which would have expired June 30, 1980, was extended by authorization of the Board of Trustees to October 3 1 , 1980. Negotiations for a new operation and maintenance agreement have not been completed; and it has been determined that provisions for funding repair and replacement reserves, currently included in the annual services agreement, should be included as an addendum to the fifteen-year space rental agreement which was executed in July 1978. It is anticipated that negotiations for both agreements will be completed in January 1981. Service rates in the new service agreement will be made effective retroactive to July 1, 1980, and appropriate adjustments will be made to bring payments received under interim rates into agreement with the contractual rates effective July 1, 1980 — provided, however, that such adjustments will not be such as to require refund payments to Ozark pursuant to the annual services agreement. T h e chancellor at the Urbana-Champaign campus and the executive vice president have recommended that the comptroller and the secretary be authorized to execute extensions of the present service agreement above through January 1981. I concur.

On motion of Mr. Velasquez, authority was given as recommended.

Agreement with Flo-Con Systems, Inc., for Facilities, Willard Airport

(16) Flo-Con Systems, Inc., with corporate offices in Champaign, is seeking an agreement to construct and lease back hangar facilities at Willard Airport for the storage, maintenance, and boarding of its corporate aircraft. T h e agreement would provide that the following facilities be constructed by the company at its expense: a metal hangar building of approximately 4,550 square feet which will also contain office and restroom facilities; an exterior concrete apron and asphalt access taxiway to the existing taxiway; an asphalt automobile parking area adjacent to the hangar for approximately seven automobiles; and miscellaneous work. T h e estimated cost of the project is $131,500. All improvements would be designed by a registered architect or engineer, and the design and construction are subject to University approval. The improvements would become the property of the University immediately upon their completion. Further, the company would maintain the facilities and would receive rentfree use of the premises and the facility for a period of fifteen years. Should the agreement be terminated, all permanent facilities constructed by the company, pursuant to this agreement, would remain the property of the University without cojt or obligation to the University. T h e Buildings and Grounds Committee approved the site on September 18, 1980. T h e chancellor at the Urbana-Champaign campus and the executive vice president have recommended that the comptroller and the secretary be authorized to execute an agreement with Flo-Con Systems, Inc., as described. I concur.

On motion of Mr. Velasquez, authority was given as recommended.