Repository: UIHistories Project: Board of Trustees Minutes - 1972 [PAGE 283]

EXTRACTED TEXT FROM PAGE:

1971]

UNIVERSITY OF ILLINOIS

273

ance contracts for the Urbana-Champaign, Chicago Circle, and Medical Center campuses: Individual Family Low Option Proposed Current Proposed Current Monthly Premium Less State Contribution Net Cost to Staff Member $11.00 —5.00 $ 6.00 ($10.00) (—5.00) ($ 5.00) $24.00 —5.00 $19.00 ($21.00) (—5.00) ($16.00)

High Option Monthly Premium $18.00 ($15.00) $43.00 ($37.00) Less State Contribution —5.00 (—5.00) —5.00 (—5.00) Net Cost to Staff Member $13.00 ($10.00) $38.00 ($32.00) The cost of the Medicare Supplemental Plan will remain at $5.10 per month less any applicable contribution from the State. (The premiums include an allowance of two per cent for claim administration by the LIniversity. (The contracts will continue under an Experience Rating Plan, and the Company's retention of earned premiums will continue to be a maximum of 3.8 per cent.) The current programs and premiums were reviewed by an independent consulting firm, Middle West Service Company, Chicago, in October, 1970; their report stated that the current premiums would be inadequate and premiums would have to be adjusted on July 1, 1971. The faculty and staff benefit committees on all campuses have been consulted on the proposed premiums and have favored the increase in premium rather than any reduction in benefits. Based upon these reports, the Vice President and Comptroller recommends the continuation of the current contracts, subject to the proposed increase in premiums effective July 1, 1971. I concur.

On motion of Mr. Grimes, this recommendation was approved.

CHANGE OF NAME OF " I L L I A C IV B U I L D I N G " TO " A D V A N C E D COMPUTATION B U I L D I N G . " URBANA (15) The President of the University, with the concurrence of the appropriate administrative officers, recommends that the building known as the "Illiac I V Building" be renamed the "Advanced Computation Building." O n m o t i o n of M r . G r i m e s , t h i s 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 . ADDITION TO CONTRACT FOR CONSTRUCTION OF PARKING STRUCTURE. CHICAGO CIRCLE. AND AGREEMENT WITH CITY OF CHICAGO FOR RELOCATION OF STREET LIGHTING (16) On December 10, 1970, the Board of Trustees awarded a contract to Mayfair Construction Company, Chicago, for the construction of a parking structure at the Chicago Circle campus. T h e results of a detailed review of the planning of the structure by the City of Chicago Bureau of Streets and Traffic was not received until after bids were received for its construction. The Bureau is requesting that the University increase the width of Congress Parkway on the north side of the structure to provide a refuge lane for entering vehicles. Mayfair Construction Company has agreed to perform the necessary street widening work at a firm cost of $13,298. The widening of the street will require relocation of the existing street lighting which the City of Chicago will perform at an estimated cost of $11,000. Accordingly, the President of the University, with the concurrence of appropriate administrative officers, recommends: 1. Increasing the contract with Mayfair Construction Company, Chicago, in the amount of $13,298 for the street widening work described above; and, 2. Executing an agreement with the City of Chicago for the relocation of the existing street lighting in connection with the street widening work at an estimated cost to the University of $11,000.