Repository: UIHistories Project: Board of Trustees Minutes - 1982 [PAGE 143]

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132

BOARD OF TRUSTEES

[November 20

Date Number Description Cost/Yield Amount 10/27 $1 000 000 U.S. Treasury bills due 3/26/81 12.91% $ 948 958 33 10/28 2 000 000 First National Bank of Chicago 13'/« percent certificate of deposit due 12/31/80 13.25 2 000 000 00 10/29 500 000 Continental Bank 13% percent time deposit due 1/27/81 13.75 500 000 00 10/29 2 000 000 Springfield Marine Bank 13'/« percent certificate of deposit due 1/7/81 13.25 2 000 000 00 10/30 310 000 U.S. Treasury bills due 1/22/81 12.79 301 016 20 10/30 1 500 000 U.S. Treaswy bills due 6 / 1 8 / 8 1 13.43 1 380 553 80

On motion of Mr. Neal, this report was approved as presented. Modification of Agreement with Lions of Illinois Foundation, Medical Center

(28) On October 16, 1980, the trustees authorized an agreement with the Lions of Illinois Foundation by which the Lions would initiate a fund-raising effort and thus contribute to the construction of an Eye Research Institute at the Medical Center campus. T h e board agreed that the facility would be named the "Lions of Illinois Eye Research Institute" if the Lions fund-raising campaign provides at least $3,000,000 or one-half of the actual cost of planning, constructing, and initially equipping the institute, whichever amount is greater. Upon further consideration of the agreement which has not yet been executed, the Lions Foundation has requested that the agreement be modified to provide that the institute will be named as indicated, in any event if the Lions raise and provide to the University $5,000,000, regardless of the total cost of planning, constructing, and equipping the institute. Such a modification is not inconsistent with other terms of the agreement. T h e Lions believe that favorable action on this request by the University will greatly aid fund-raising efforts. T h e chancellor at the Medical Center has recommended that the board authorize the modification as described. T h e executive vice president concurs. I recommend approval. O n m o t i o n of M r . N e a l , this r e c o m m e n d a t i o n w a s a p p r o v e d .

Energy Conservation Project Grants, Chicago Campuses

(29) An Institutional Buildings Grant program was established by Congress under the National Energy Conservation Policy Act of 1978. T h e law authorizes $900 million in matching grants to assist public and private schools and not-for-profit hospitals in identifying and implementing energy conservation measures. T h e University has applied for funds under the second phase of the program for the following projects: Chicago Circle Campus Modify air system Modify domestic hot water system Modify domestic hot water system Total Medical Center Campus Modify air handling systems Physical Plant Services Building Physical Plant Services Building Architecture and Art Building $11 13 10 $35 477 093 693 263

College of Medicine East Tower

$26 880

Grant awards have been made for $17,631 for the Chicago Circle projects and $13,440 for the Medical Center project. In each case the grant is 50 percent of the project cost. T o meet the matching fund requirement (50 percent), some funds