Repository: UIHistories Project: Board of Trustees Minutes - 1982 [PAGE 572]

EXTRACTED TEXT FROM PAGE:

1982]

UNIVERSITY OF ILLINOIS

561

the following vote: Aye, Mrs. Day, Dr. Donoghue, Mr. Forsyth, Mr. H a h n , Mr. Howard, Mr. Madden, Mr. Neal, Mrs. Shepherd, Mr. Stone; no, none; absent, Governor Thompson. ( T h e student advisory vote was: Aye, Mr. Bandala, Mr. Bettenhausen, Mr. Persons; no, none.) Recovery of Funds Mr. Costello was asked to report on the current status of the recovery of funds in the Parker matter. H e noted that the Illinois attorney general h a d filed suit independently and that there has been a motion to stay the U n i versity of Illinois suit pending action on that of the attorney general. T h e University is opposing such a stay. With regard to settlement negotiations, the Federal Insurance Company of New Jersey now will provide $100,000; the First National Bank of Champaign $250,000; and attempts are being made to obtain the remainder ($258,000) from the Indiana Insurance Company. Research Park, Chicago At the president's request, Mr. Brady provided information, in addition to that presented before the board meeting as a Committee of the Whole on the previous day, with reference to the preliminary plans for the acquisition of land for a research park in Chicago. A site close to the Medical Center campus and in part within the boundaries of the Medical Center district is under consideration. T h e University is working closely with the Office of the Governor, with the appropriate city offices in Chicago, and with others on this matter. If agreement can be reached and financing arranged, there will be a public announcement soon, but the initiative will come from the governor's office, doubtless in cooperation with the city of Chicago. Visit, Prime Minister George Papandreou of Greece Chancellor Begando reported on the possibility of a visit to the University of Illinois at Chicago next year during a state visit by Prime Minister Papandreou of Greece. Dr. Papandreou may speak at the campus and there has been preliminary discussion concerning his receiving an honorary degree from, the University. T h e visit will be under the auspices of the United States Department of State. If recommended by the appropriate committees of the senates, the degree would be in recognition of Dr. Papandreou's distinguished academic career as an economist at a number of leading American universities. There was a general consensus that the visit and the honor, if recommended in the usual manner, would be appropriate under the sponsorship of the University. T h e Board of Trustees recessed to convene the meeting of the Buildings and Grounds Committee and to receive there a report on the repair