Repository: UIHistories Project: Board of Trustees Minutes - 1974 [PAGE 606]

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596

BOARD OF TRUSTEES

[June 19

LEASE O F SPACE FOR DIVISION OF SERVICES FOR CRIPPLED CHILDREN

(33) The Chancellor at the Medical Center campus, in consultation with the appropriate campus administrative officers, recommends the execution of an extension of lease for office space (Suites 540 and 542 in lies Park Place at Sixth and Ash Streets in Springfield, Illinois) for the Division of Services for Crippled Children subject to the availability of funds, as follows; Lessor: Illinois National Bank & Trust Co., Springfield 1973-74 1974-75 Annual Costs: $35,842.62 $37,674.00 Area: 6,279sq. ft. 6,279sq. ft. Rates: $S.25/sq. ft. $6.00/sq. ft. I month 12 months $5.72/sq. ft. II months The extension of the lease is for a one-year period (July 1, 1°74-June 30, 1975) and covers all costs. The increase is due to increases in the costs of utilities and labor, and in real estate taxes. Funds have been requested in the operational budget of the Division of Services for Crippled Children. I concur, O n motion of M r s . Rader, this recommendation was approved by the following vote: Aye, Mr. Forsyth, Mr. Howard, Mr. Hughes, Mr. Livingston, Mrs. Rader, Mr, Steger; no, none; absent, D r . Bakalis, Mr. Neal, Mr, Swain, Governor Walker. Mr. Hahn asked to be recorded as not voting.

LEASE WITH UNIVERSITY O F ILLINOIS FOUNDATION FOR COMMUNITY HEALTH CENTER, MT. MORRIS

(34) The President of the University, with the concurrence of appropriate administrative officers, recommends entering into a lease with the University of Illinois Foundation for a building consisting of 7,000 gross square feet of clinic and office space for the College of Medicine, Rockford School of Medicine, Mt, Morris Community Health Center, at a total annual rental of $35,830. The lease will commence at the time the Foundation has completed the construction of the facjlityt which is_ estimated to be January I, 1975, until June 30, 1975, with an option in the University to renew the lease upon the same terms and conditions for five additional single-year periods. The University will operate this community health center and will be responsible for all costs of operation and maintenance under the above-mentioned lease, except for property insurance and real estate taxes. Funds for rental and operation and maintenance are available in the Medical Service Plan of the College of Medicine. O n motion of Mr. Howard, this recommendation was approved by the following vote: Aye, Mr, Forsyth, Mr. Hahn, Mr. Howard, Mr. Hughes, Mr. Livingston, Mrs. Rader, Mr. Steger; no, none; absent, Dr. Bakalis, Mr. Neal, Mr. Swain, Governor Walker.

EXTENSION OF SUBLEASE AGREEMENT REGARDING KRANNERT CENTER FOR THE PERFORMING ARTS, URBANA

(35) The Board of Directors of the University of Illinois Foundation on June 6, 1974, authorized the borrowing of approximately $2 million to provide funds for corrective work at the Krannert Center for the Performing Arts. This work is considered necessary to correct deficiencies and to eliminate further deterioration and damage to the facilities.