Repository: UIHistories Project: Board of Trustees Minutes - 1976 [PAGE 103]

EXTRACTED TEXT FROM PAGE:

92

BOARD OF TRUSTEES

[October 16

of the action. President Corbally stated that there was need to clarify both terminology and procedures and that studies were under way to accomplish this end. There was further discussion of the commercial aspects of patents generally and the need to receive up-to-date information from those concerned including University Patents, Inc. (corporate advisers to the University on the matters of the commercial exploitation of patents). Accordingly, it was agreed that representatives of the U P I would be invited to meet with the Trustees at the November meeting. Amendment of Fiscal Year 1976 Capital Budget Request (9) The President of the University, with the concurrence of appropriate administrative officers, recommends that the Fiscal Year (FY) 1976 Capital Budget Request approved by the Board of Trustees on September 18, 1974, be amended to include the capital improvement item "Memorial Stadium Rehabilitation — $400,000" and to delete the item "Residence Hall Conversion — $400,000." O n motion of M r . Swain, this recommendation was approved by the following vote: Aye, M r . H a h n , Mr. Howard, Mr. Hughes, Mr. Livingston, Mr. Neal, Mrs. Rader, Mr. Steger, Mr. Swain; no, Mr. Forsyth; absent, Dr. Bakalis, Governor Walker. Installation of Artificial Turf for and Renovation of Memorial Stadium, Urbana (10) The President of the University, with the concurrence of appropriate administrative officers, recommends that the University of Illinois Foundation be requested to borrow the sum of $700,000 to be utilized for the installation of artificial turf for Zuppke Field at an approximate cost of $500,000 and approximately $200,000 for certain renovative work to Memorial Stadium, subject to the approval of the project by the Illinois Board of Higher Education. The rental under the present lease between the University and the Foundation will be increased in a sum sufficient to amortize over a ten-year period the remaining balance of the loan that is not satisfied by gifts and pledges to the Golden Anniversary Fund of the Foundation. O n motion of M r . Swain, this recommendation was approved by the following vote: Aye, M r . Forsyth, Mr. H a h n , Mr. Howard, Mr. Hughes, M r . Livingston, M r . Neal, Mrs. Rader, Mr. Steger, M r . Swain; no, none; absent, Dr. Bakalis, Governor Walker. Mr. Forsyth indicated that his affirmative vote was conditioned upon the assumption that there would be no new State money involved. Purchases (11) The President submitted, with his concurrence, a list of purchases recommended by the Directors of Purchases and the Vice President for Planning and Allocation. The list of purchases was presented in two categories: purchases from appropriated funds (i.e., from State appropriations to the University) and purchases from institutional funds. The latter term designates funds received by the University under contracts with the United States government, contracts with private corpo-