Repository: UIHistories Project: Board of Trustees Minutes - 1972 [PAGE 466]

EXTRACTED TEXT FROM PAGE:

456

BOARD OF TRUSTEES

[November 19

year 1971-72 for the first annual payment of $85,808 in January 1972, plus maintenance cost from institutional funds in the operating budget of the Computing Services Office. It is contemplated that funds for the annual lease-purchase payments subsequent to fiscal year 1971-72 will become available to the Computing Services Office from charges to those departments using the computer. The agreement will include a provision that all payments after fiscal year 1971-72 be subject to availability of funds and conform to existing statutory procedures pertaining to lease-purchase of automatic data processing equipment. Therefore, it is recommended that a lease-purchase agreement be authorized for the acquisition of two core storage units from the Ampex Corporation, Elk Grove Village, Illinois, with annual payments of $85,808 over a five-year period, for a total cost of $429,040, plus maintenance costs. The payments would be subject to availability of funds. Upon completion of all payments, the full title to the equipment will vest in The Board of Trustees of the University of Illinois. O n motion of M r . Swain, this recommendation was approved by the following vote: Aye, M r . Forsyth, M r . H a h n , M r . H o w a r d , M r . H u g h e s , M r . Neal, M r . Pogue, M r . S w a i n ; no, n o n e ; absent, D r . Bakalis, M r . Grimes, Governor Ogilvie, M r . Steger. SECRETARY'S REPORT The Secretary presented for record appointments to the faculty made by the President; resignations and terminations; leaves of absence and retirements. A copy of the report is filed with the Secretary. ANNOUNCEMENTS Future Board Meetings President Hughes called attention to the schedule of the next four meetings of the Board: December 17, 1971, at the Medical Center campus (having been changed by action of the Board, on motion of Mr. Hahn, from Wednesday, December IS, 1971); January 19, 1972, at the Chicago Circle campus; February 16, 1972, at the Urbana-Champaign campus; and March IS, 1972, at the Urbana-Champaign campus (having been changed by the Board from Tuesday, March 14). REGULAR MEETING RECESSED The regular meeting of the Board was recessed and the President of the Board stated that an executive session had been requested and was being ordered to consider reports and recommendations relating to acquisition of property and pending litigation. EXECUTIVE SESSION When the Board reconvened, the same members of the Board, officers of the Board, and officers of the University as recorded at the beginning of these minutes were present. The Board considered the following recommendations from the President of the University. AUTHORIZATION TO EXCHANGE AND RECOMMENDATION FOR THE SALE OF PROPERTIES, URBANA (26) The President of the University, with the concurrence of appropriate administrative officers, requests: authorization to transfer title to the Universityowned properties at 605 and 607 East White Street, Champaign (which were acquired at a cost of $38,800), to the University of Illinois Foundation for land now held by the Foundation at 309 South Lincoln Avenue, Urbana (which was acquired at a price of $42,500); authorization to terminate the presently existing