Repository: UIHistories Project: Board of Trustees Minutes - 1982 [PAGE 293]

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282

BOARD OF TRUSTEES

[June 18

1. Chrysanthemums — John R. Culbert, professor emeritus of floriculture, UrbanaChampaign, inventor. University Patents, Inc., reported that there exists commercial interest in these chrysanthemum varieties. The University Patent Committee agreed to recommend to the president and the Board of Trustees that the rights of the University in these disclosures be transferred to the University of Illinois Foundation for commercialization. 2. Induced Disordering of a Superlattice or Quantum-well Heterostructure and Its Use in Integrated Circuitry and Optoelectronics — Nick Holonyak, Jr., professor of electrical engineering and professor in the Center for Advanced Study, Urbana; W. D. Laidig, fellow, Urbana; and James J. Coleman, Rockwell International, Anaheim, California, inventors; developed with support from the National Science Foundation. University Patents, Inc., reported that the concept is commercially important and that a patent application had been prepared and filed. The University Patent Committee agreed to recommend to the president and the Board of Trustees that the rights of the University in this disclosure be transferred to the University of Illinois Foundation, subject to the rights of the sponsor. I concur in these recommendations.

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

Contract for Professional Services with Chicago Jam Concerts, Inc., Chicago Circle

(12) T h e chancellor at the Chicago Circle campus has recommended award of a limited exclusive contract to Chicago Jam Concerts, Inc., of Chicago, to provide a variety of entertainment events for the Chicago Circle Pavilion. Under the contract the University would have first priority in scheduling use of the Pavilion for events or programs compatible with its educational, research, and public service mission and reserves the right to refuse any entertainment event it would deem unacceptable. The University would also maintain control over the programs and operation of the Pavilion. The agreement would provide that Chicago Jam Concerts, Inc., must provide a minimum of thirty performances per contract year. T h e University would receive a guarantee or a percentage of the net receipts on a per performance basis, whichever is greater. Chicago Jam Concerts, Inc., agrees to pay the University a minimum of $250,000 in each contract year should the total of the guarantees and net receipts be less than that amount. It would also reimburse the University for expenses relating to certain services in connection with producing each event. The initial agreement would be for the period from November 1, 1981, through June 30, 1985. During the initial contract, the parties will negotiate adjustments in financial terms for each contract year. If such negotiations are unsuccessful, the financial terms for the preceding year will remain in force. The University and Chicago J a m Concerts, Inc., are also to attempt to negotiate an extension of the agreement for a five-year period from July 1, 1985, through June 30, 1990; provided, however, that all terms may be modified at the beginning of the new contract period by agreement of the parties and approved by the Board of Trustees. It is further recommended that the comptroller be authorized to approve any yearly amendments regarding the financial terms of this agreement during the period ending June 30, 1985. T h e executive vice president concurs. I recommend approval.

On motion of Dr. Donoghue, this recommendation was approved.