Repository: UIHistories Project: Board of Trustees Minutes - 1972 [PAGE 121]

EXTRACTED TEXT FROM PAGE:

1970]

UNIVERSITY OF ILLINOIS

111

Illini Union and Health Center Purchase: $ 320 000 U.S. Treasury bills due 9/24/70 Men's Residence Halls of 1957 Purchases: $ 17 000 U.S. Treasury 2 ^ p e r c e n t b o n d s d u e 3 / 1 5 / 7 1 95 000 U.S. Treasury 4 % per cent notes due 2/15/72 Revenue Bonds of 1956 Exchange: $ 5 000 U.S. Treasury 6^g per cent notes due 8/15/70 for 5 000 U.S.Treasury 7 % p e r c e n t n o t e s d u e 2 / 1 5 / 7 4 . Purchase: $ 40 000 U.S. Treasury bills due 9/24/70 Student Services Purchases: $ 12 000 U.S. Treasury 4 per cent bonds due 8 / 1 5 / 7 1 . . 54 000 U.S. Treasury 6 per cent notes due 5 / 1 5 / 7 5 . . 7 Women's Residence Halls Purchases: $ 100 000 U.S. Treasury bills due 9/24/70 66 000 U.S. Treasury 5 % per cent notes due 2/15/75

6.27

$

316 962 11

5.06 7.40

16 736 92 90 606 25

6.17

39 425 67

6.19 .62

1 1 6 4 0 00 50 827 50

6.02 7.16

99 402 08 61 668 75

This report was received for record.

AGREEMENT WITH AIR MID AMERICA INC. (24) The Director of the Institute of Aviation, Urbana, and the Vice President and Comptroller recommended approval of an agreement with Air Mid America Inc., Chicago, Illinois, to provide a non-exclusive right to use the University of Illinois-Willard Airport to conduct an air transportation service. The agreement would be effective from November 1, 1970, through June 30, 1974, but could be terminated by either party for just cause and the giving of thirty days' written notice. The principal terms of the agreement are as follows: 1. Supplies, equipment, tools or the use thereof provided by the University — University's current retail price. 2. Airport Use Fee (Landing Fee) — Fifteen cents per thousand pounds gross take-off weight for each landing with a stipulated minimum payment of $200 per month (minimum of $2,400 per year). 3. Space and equipment rental : a. Office space-—$4 per square foot per year. A total of 84 square feet would be assigned Air Mid America Inc., making an annual rental of $336. b. Use of public address system — $10 per month or $120 per year. I concur. O n m o t i o n of M r . H a h n , this r e c o m m e n d a t i o n w a s a p p r o v e d by the following vote: Aye, M r . Clement, M r . Grimes, M r . H a h n , M r . H u g h e s , M r . Jones, M r . Steger, Mr. Stone, M r . Swain, Dr. W a l k e r ; no, none; absent, Governor Ogilvie, M r . Page. REQUEST TO ILLINOIS BUILDING AUTHORITY TO INCREASE CONTRACT FOR CONSTRUCTION OF MEDICAL RESEARCH LABORATORY A D D I T I O N , MEDICAL CENTER (25) The President of the University, with the concurrence of appropriate administrative officers, recommends that the Illinois Building Authority be requested to increase the authorized payments under the contract of the general contractor, Erik A. Borg Company, Chicago, in the amount of $22,012.19 for additional work required during the construction of caissons for the Medical Research Laboratory Addition at the Medical Center campus.