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Caption: Board of Trustees Minutes - 1972
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610 BOARD OF TRUSTEES [April 19 Current Funds Purchase: $500 000 Household Finance demand notes December 1971 Parking Structure Construction Fund P iirclicLSCs * $ 10 000 U.S. Treasury bills due 1/13/72... 215 000 U.S. Treasury bills due 2/24/72... Current Funds Purchases: $500 000 CIT Financial demand notes 500 000 Hertz demand notes This report was received for record $ 500 000 00 9 996 04 213 942 11 500 000 00 500 000 00 TERMINATING LEASES A N D SUBLEASING RENTAL SPACE, URBANA (35) The Board of Trustees previously requested the Foundation to lease various properties for the Urbana campus and sublease the same to the University. The University is in the process of reducing operating costs at all campuses. It is possible to effect reductions in expenses by either terminating leases of certain properties or subleasing this same space to other tenants. The President of the University, with the concurrence of appropriate administrative officers, recommends that the Vice President and Comptroller be authorized to terminate leases or approve sublease of space upon the most favorable terms and conditions possible for the leasehold properties listed below : 8 Main Street, Champaign 1115 West Oregon Avenue (second floor), Urbana 1102-1102A West Main Street, Urbana 1001 South Wright Street, Champaign 610 South Sixth Street, Champaign 704 South Sixth Street, Champaign 601-603-605 East Green Street, Champaign On motion of Mr. H a h n , authority was given as requested, by the following vote: Aye, M r . Forsyth, M r . H a h n , Mr. H o w a r d , Mr. H u g h e s , M r . Neal, M r . P o g u e ; no, none; absent, D r . Bakalis, Governor Ogilvie, Mr. Steger. M r . Swain asked to be recorded as not voting. ELECTION OF REPRESENTATIVE ON THE BOARD OF TRUSTEES OF T H E STATE UNIVERSITIES RETIREMENT SYSTEM On motion of Mr. Swain, Mr. Neal was elected to serve a s the U n i versity of Illinois Board of Trustees member on the Board of Trustees of the Universities Retirement System to replace Mr. Grimes. SECRETARY'S REPORT T h e Secretary presented for record appointments to the faculty made by the President; resignations; declinations of summer session contracts; leaves of absence; and retirements. A copy of the report is filed with the Secretary. ANNOUNCEMENTS FROM T H E PRESIDENT OF T H E BOARD FUTURE MEETINGS President H u g h e s called attention to the schedule of regular meetings for the remainder of the fiscal year: M a y 17, Chicago Circle; J u n e 2 1 , Urbana-Champaign.
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