| |
| |
Caption: Board of Trustees Minutes - 1974 Version B
This is a reduced-resolution page image for fast online browsing.
EXTRACTED TEXT FROM PAGE:
122 BOARD OF TRUSTEES [November 17 C H A N G E ORDER COMPUTER SERVICES DATA PROCESSING EQUIPMENT. URBANA (20) At the October 18, 1972, meeting the Board of Trustees authorized a contract for leasing a Model 370/155 Computing System from the IBM Corporation at a rate of $39,372.30 per month. After further study, it has been determined that a financial advantage can be realized by rescinding the October action and leasing the machine from the Illinois Educational Consortium for Computer Services. Under such lease the University-owned 360/50 main frame computer system at Urbana would be traded in for credit against the rental. Those credits would be in the amount of $96,000 for the first twelve-month period, $84,000 for the second twelve-month period, and $66,000 for the third twelve-month period. The Illinois Educational Consortium for Computer Services currently plans to lease the equipment traded in by the University to another State university. The lease agreement with the Illinois Educational Consortium for Computer Services, and the provisions for the trade-in of University-owned equipment located at the Urbana-Champaign campus, will be consistent with University regulations and applicable State statutes and will provide that all payment obligations will be subject to the availability of funds. Funds for lease payments in the current year are available in the Operating Budget of the Computer Center. It is contemplated that funds for the subsequent annual lease payments will be available in the Operating Budget of the Computer Center. This transaction is considered exempt from provisions of the Illinois Purchasing Act as special business equipment economically procurable from only one source. The President of the University, with the concurrence of the Vice President for Planning and Allocation and the Vice President for Financial Affairs, recommends that the October 18, 1972, action of the Board authorizing the lease of an IBM 370/155 be rescinded, and that the Comptroller and the Secretary of the Board of Trustees be authorized to execute such contracts and leases or other appropriate documents with the Illinois Educational Consortium for Computer Services for its lease to the University of the new IBM 370/155 computer at a rate of $39,372.30 per month, less a trade-in credit of $8,000, $7,000, and $5,500 per month for the first three twelve-month lease periods respectively. (The amount of $266,978.40 is to be expended during FY 1972-73.) I concur. On motion of Mr. Howard, this recommendation was approved and authority was given as recommended by the following vote: Aye, Mr. Forsyth, Mr. Hahn, Mr. Howard, Mr. Hughes, Mr. Neal, Mr. Steger, Mr. Swain; no, none; absent, Dr. Bakalis, Governor Ogilvie, Mr. Pogue. REVISION IN C O N S T R U C T I O N BUDGET FOR T H E LIBRARY OF T H E HEALTH SCIENCES. MEDICAL CENTER (21) The Board of Trustees in June 1972 concurred in the awarding of construction contracts for the Library of the Health Sciences at the Medical Center campus on a phased basis, provided that the total of the bids received for each package did not exceed the estimated cost of that bid package as indicated in the construction budget for the project. The work bid to date represents 74.8 per cent of the total approved budget. The bids received, together with change order contingencies, total $2,841,712 compared with a budget of $3,360,000 and are 15.4 per cent below the budget. The work bid to date for Package V (exterior elements of building) indicates that it will be necessary to increase the budget allocation for the work in this package. The increase in cost is primarily due to an improvement in the level of material finishes and extension of exterior finishes into the interior of the building. The President of the University, with the concurrence of appropriate administrative officers, recommends that the Board of Trustees approve an increase in Package V of the budget for the Library of the Health Sciences from
| |
