Repository: UIHistories Project: Board of Trustees Minutes - 1972 [PAGE 231]

EXTRACTED TEXT FROM PAGE:

1971 ]

UNIVERSITY OF ILLINOIS

221

with payments spread over a five-year period, said payments to be subject to availability of funds in accordance with the following schedule: Fiscal Year 1971 $4 715 88 Fiscal Year 1972 9 538 08 Fiscal Year 1973 9 141 96 Fiscal Year 1974 6 943 68 Fiscal Year 1975 6 637 68 Fiscal Year 1976 4 289 12 In addition, the University will pay $6,300.00 for maintenance over the fiveyear period. T h e net result of this change order will be to effect a total savings over the five-year period of $75,649.60, satisfy the requirements of the College of Commerce and Business Administration, and at the end of said period title of the equipment will be vested in the University. Funds are available in the regular operating budget in the current fiscal year. T h e President of the University, with the concurrence of appropriate administrative officers, recommends that the Board authorize the Comptroller and the Secretary of the Board of Trustees to accept the proposal of the IBM Corporation as outlined above and to execute such contracts, change orders, or other appropriate documents as may be necessary to lease and acquire title of the model 1801 computing system in accordance with the plan herein described.

On motion of Mr. Swain, authority was given as recommended by the following vote: Aye, Mr. Clement, Mr. Grimes, Mr. Hahn, Mr. Hughes, Mr. Jones, Mr. Pogue, Mr. Steger, Mr. Swain, Dr. Walker; no, none; absent, Dr. Bakalis, Governor Ogilvie.

PURCHASES (23) T h e President submitted, with his concurrence, a list of purchases recommended by the Directors of Purchases and the Vice President and Comptroller; also a purchase authorized by the President. T h e 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. T h e 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. T h e total amounts of these purchases w e r e : From Appropriated Funds — Recommended $ 162 948 75 Total $ 162 948 75 From Institutional Funds — Authorized $ 55 299 52 Recommended 285 521 72 Total $ 340 821 24 Grand Total $ 503 769 99 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 m o t i o n of M r . C l e m e n t , t h e p u r c h a s e a u t h o r i z e d w a s c o n f i r m e d , and the purchases recommended were authorized. COMPTROLLER'S REPORT OF PURCHASES APPROVED (24) T h e Vice President and Comptroller also submitted a report of purchases approved by him on recommendation of the Directors of Purchases in amounts of $5,000 to $7,500. A copy of this report is filed with the Secretary.

This report was received for record.