Repository: UIHistories Project: Board of Trustees Minutes - 1974 [PAGE 271]

EXTRACTED TEXT FROM PAGE:

1973]

UNIVERSITY OF ILLINOIS

261

I concur with the recommendation of the Chancellor that authority be given to undertake formal negotiations with the Art Institute of Qiicago along the lines described. When negotiated, the proposed contract will be presented to the Board of Trustees for action. O n motion of M r . H a h n , authority was given as recommended. PRESENTATION, COALITION OF AFRIKAN PEOPLE, URBANA Chancellor Peltason presented Mr. Carl Turner and Mr. Wally Amusa appearing for the Coalition. Mr. Turner spoke briefly and filed with the Secretary a series of documents for distribution to the Trustees, the general subject having to deal with the question of whether there is adequate representation of black students in various aspects of governments and student activities at the Urbana campus. The material submitted was received for study and further consideration by the President and the Trustees. REGULAR BOARD MEETING RECESSED FOR COMMITTEE MEETINGS The Board recessed and reconvened into meetings of the Finance Committee and the Buildings and Grounds Committee. COMMITTEE REPORTS Following adjournment of the Committee meetings, the Board reconvened to consider the following actions now recommended by the committees.

REVISION IN DOLLAR LIMITS OF PURCHASES AND CONTRACTS REQUIRING SPECIFIC APPROVAL BY T H E BOARD O F TRUSTEES

Report of the Finance Committee <34) In view of the change in the value of the dollar, the Finance Committee recommends that prior actions by the Board of Trustees be amended to increase to $10,000 the dollar value of individual purchases, new leases, and contracts which may be executed without specific approval by the Board of Trustees. The present limit of $12,500 on contract change orders requiring specific approval by the Board of Trustees would remain unchanged. Purchases, leases, and contracts in excess of $7,500 but not in excess of $10,000, contract change orders in excess of $7,500 but not in excess of $12,500, and renewals of leases in excess of $10,000 at no increase in rental, will be reported to the Board of Trustees, It also appears desirable for the President to seek consultation before approving large emergency purchases. Consequently, the Finance Committee recommends that the President not take action involving emergency purchases in excess of $100,000 without first consulting individually those members of the Executive Committee who can reasonably be contacted before the emergency action must be taken, and that similar consultation occur with all Board members who can reasonably be contacted before acting on an emergency purchase of over $500,000. On motion of Mr. Steger, the report was adopted.

CHANGE IN NAME O F THE MEDICAL RESEARCH LABORATORY B U I L D I N G , MEDICAL CENTER

Report of the Buildings and Grounds Committee (35) The Chancellor at the Medical Center campus and the President recommended to the Committee that the name of the Medical^ Research Laboratory Building be changed to Biologic Resources Laboratory Building.