Repository: UIHistories Project: Board of Trustees Minutes - 1974 [PAGE 607]

EXTRACTED TEXT FROM PAGE:

1974]

UNIVERSITY OF ILLINOIS

597

It is desired that the Foundation proceed with the corrective work. Accordingly, I recommend that the Comptroller and the Secretary of the Board of Trustees be authorized to execute an amendment to the Sublease Agreement dated August 1, 1966, with the Foundation to provide for an extension of the sublease renewal^ option period at the same annual rental on a fiscal year basis, subject to the availability of funds, until the Foundation loan for the corrective work is amortized either from the rental payments or from the proceeds of the current litigation, which the Foundation and University agree will be applied to the payment of said loan but in no event beyond June 30, 1986. I further recommend that said officers be authorized to_ execute such other documents as they deem necessary or appropriate in connection with the transaction. O n motion of Mr. H a h n , authority was given as recommended by the following vote: Aye, M r . Forsyth, Mr. Hahn, Mr, Howard, Mr. Hughes, Mr. Livingston, Mrs. Rader, Mr. Steger; no, none; absent, D r . Bakatis, Mr. Neal, Mr. Swain, Governor Walker.

AMENDMENT TO AGREEMENT FOR USE O F URBANA CITY DUMP

(36) The President of the University, with_ the concurrence of appropriate administrative officers, recommends authorization to amend the "Agreement Concerning Cost of Operations of the City Dump of Urbana, Illinois" with the City of Urbana, to provide for a payment of $12,000 to the City as the University's share of the costs of expanding the dumping area to provide for needed additional capacity. This payment would be in the same proportionate share (30 per cent) as is now being made under the terms of the agreement with the city for the net costs of operation of the present dump area. The City of Urbana has purchased approximately ten acres of land adjoining the present dump grounds at a cost of $40,000 for the operation of the dump. The University will share in the same proportion in any payment ultimately received from the later sale by the City of the property for other use. Funds are available in the budget of the Operation and Maintenance Division. O n motion of M r . Howard, authority was given as recommended by the following vote: Aye, Mr. Forsyth, Mr. H a h n , Mr. Howard, Mr. Hughes, Mr. Livingston, Mrs. Rader, Mr, Steger; no, none; absent, Dr. Bakalis, Mr. Neal, Mr. Swain, Governor Walker.

PURCHASES

(37) The President submitted, with his concurrence, a list of purchases recommended by the Directors of Purchases and the Vice President for Planning and Allocation. The list of purchases was presented in two categories: purchases from appropriated funds (i.e., from state appropriations to the University) and purchases from institutional funds. The latter^ term designates funds received by the University under contracts with the United States government, contracts with private corporations and other organizations, funds from foundation grants, and grants from corporations and other donors, and University revolving funds authorized by law. The total amounts of these purchases were: From Appropriated Funds Recommended $1 455 642 92 From Institutional Funds Recommended 5 168 502 67 Grand Total $6 624 145 59 A complete list of the purchases, with supporting information, including the quotations received, was sent to each member of the Board in advance of the meeting, and a copy is being filed with the Secretary of the Board for record. O n motion of Mr. Forsyth, the purchases recommended were authorized by the following vote: Aye, Mr. Forsyth, Mr. H a h n , Mr. Howard,