Repository: UIHistories Project: Board of Trustees Minutes - 1974 Version B [PAGE 143]

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1972]

UNIVERSITY OF ILLINOIS

135

participation which he otherwise would have received. The University has maintained the arrangement was an appropriate method of providing additional research facilities for the PLATO System and for enhancing returns from the PLATO patent. There have been negotiations and various proposals considered. It is now proposed that, in order to settle the conflicting claims, the Board authorize the distribution to the inventor of 25 per cent of the net income hereafter received by the Foundation on the PLATO patent from all sources until the Foundation has received net income on the PLATO patent attributable to royalties on 40,000 terminals, and thereafter the inventor shall receive 15 per cent of the Foundation's net income from the patent, as originally authorized. If option payments or prepayments (as opposed to royalties) on the PLATO patent are made to the Foundation's servicing agent, they shall be deemed to represent payments attributable to royalties on one terminal unit for each $32.50 of such payment and shall be credited against the 40,000 terminal units covered by the settlement, and the 25 per cent for the inventor shall be computed against the Foundation's share (60 per cent) thereof. The President recommends, with the concurrence of the Vice President for Financial Affairs, that the settlement arrangement as proposed be approved.

On motion of Mr. Hahn, this recommendation was approved by the following vote: Aye, Mr. Forsyth, Mr. Hahn, Mr. Howard, Mr. Hughes, Mr. Pogue, Mr. Steger, Mr. Swain; no, none; absent, Dr. Bakalis, Mr. Neal, Governor Ogilvie.

CONTRACT FOR INSTALLATION O F SUPERVISORY CONTROL SYSTEM FOR T H E ADMINISTRATIVE OFFICE B U I L D I N G . MEDICAL CENTER

(11) The President of the University, with the concurrence of appropriate administrative officers, recommends award of a contract in the amount of $56,400 to Hiram Electrical Contractors, Inc., Chicago, the low bidder on itsbase bid, for the installation of a supervisory control system for the Administrative Office Building at the Medical Center campus. Funds are available in the Medical Center budget and have been allocated to this project. The following bids for this project were received on November 27, 1972: Base Bid Hiram Electrical Contractors, Inc., Chicago $56 400 Tri-City Electric Company, Chicago $71 870 Midwest Interstate Electrical Contracting Company, Chicago $81 363

On motion of Mr. Forsyth, this contract was awarded by the following vote: Aye, Mr. Forsyth, Mr. Hahn, Mr. Howard, Mr. Hughes, Mr. Pogue, Mr. Steger, Mr. Swain; no, none; absent, Dr. Bakalis, Mr. Neal, Governor Ogilvie.

MODIFICATIONS A N D REVISIONS T O ELEVATORS IN T H E HOSPITAL ADDITION BUILDING, MEDICAL CENTER

(12) The President of the University, with the concurrence of appropriate administrative officers, recommends award of a contract in the amount of $349,956 to Montgomery Elevator Company, Rosemont, the low bidder, for modifications and revisions to four elevators in the Hospital Addition Building at the Medical Center campus. Funds are available in the Hospital Administration accounts. (Bids for this project were previously received by the University on May 23, 1972. Only one bid was received and it exceeded the budget estimate. Pursuant to the provision of Section 15 (e) (2) of the General Rules Concerning University Organization and Procedures, the President reports the rejection of this bid.) The following bids for this project were received on November 28, 1972: Base Bid Montgomery Elevator Company, Rosemont $349 956 Otis Elevator Company, Chicago $416 658