Repository: UIHistories Project: Board of Trustees Minutes - 1968 [PAGE 236]

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184

STUDENT SERVICES BUILDING

BOARD OF TRUSTEES

[October 13

Purchase $42 000 U.S. Treasury bills due 9/15/66 3 000 U.S. Treasury 3 % per cent bonds due 8/15/68

W O M E N ' S RESIDENCE HALLS OF 1956

$ 41 780 85 2 978 78

Exchange $21 000 U.S. Treasury 4 per cent notes due 8/15/66 for 21 000 U.S. Treasury 5 & per cent notes due 5/15/71. Purchase $139 000 U.S. Treasury bills due 9/15/66

138 462 24

This report was received for record.

ANTITRUST LITIGATION (27) On October 7, 1964, suit was filed on behalf of the University in the Federal District Court in Chicago (Case No. 64C 1708) against certain manufacturers of metal library shelving who had been defendants in an earlier federal antitrust proceeding. On May 19, 1965, the Board authorized settlement with one of the defendants. Settlement negotiations have been proceeding with certain other defendants and a settlement offer has been received from three defendants (Globe-Wernicke Industries, Inc., W. R. Ames Co., and Hamilton Manufacturing Company) in the total amount of $32,000, representing approximately 25 per cent of the University's purchases from that group during the period in question. The offer to the University is contingent upon acceptance of similar settlement offers made by these defendants to certain state governments (including Illinois) and other educational institutions. The Vice-President and Comptroller and the Legal Counsel regard the offer in settlement as reasonable and recommend it be approved and authorized by the Board. They further recommend that the Comptroller and the Secretary be authorized to execute and deliver such documents and papers as may be necessary and desirable to effectuate the settlement. I concur.

On motion of Mr. Johnston, these recommendations were approved.

PROPOSED CONSTRUCTION OF THE OAKLEY DAM

(28) The Committee on Buildings and Grounds of the Board of Trustees of the University has given serious consideration to the proposal by the Corps of Engineers to construct a dam at Oakley sufficiently high to provide a permanent pool of water at the 636 foot level. Considerable analysis has been provided by the administration and staff. The concern throughout the discussions has been to assess the effect of this proposal on Robert Allerton Park and Allerton Farms and to measure carefully the Board's dual responsibilities to a significant area of teaching and research and to a question of broad public policy. The University, in accepting the gift from Mr. Robert Allerton, did so with the intention of maintaining and preserving the woodland property for educational and research purposes, as well as for a public park. With this assurance of continuity, seven faculty members developed research programs in the Park. Two of these staff members have scientific data extending over twenty years. Some twentyone courses in six different departments (and involving several hundred students) require field trips to the Park for teaching purposes. Graduate students have used the area for research projects for advanced degrees. For instance, fifteen students have earned Master of Science degrees by research in one of the twenty-year projects mentioned above. The proposed pool will result in the flooding of approximately 600 acres of the woodland area, plus an additional 200 acres that might be flooded during periods of high water levels. Removing this acreage from the Park area will discourage any further serious interest of biologists in the Park and terminate research projects w*hich have been based upon past studies. There is no way to replace the areas for such studies because of the lack of prior statistics. In addition, the permanent or conservation pool may come to within two to four feet of the road surface from Monticello to the Allerton House. The road would have to be raised and rebuilt. The flood pool elevation proposed at 654 feet will place the bridge crossing the Sangamon River in Allerton Park eleven feet