Repository: UIHistories Project: Board of Trustees Minutes - 1976 [PAGE 255]

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244

Date 1/7 1/7 1/8 1/10 1/14 1/16 1/22 1/27 1/27 1/31

BOARD OF TRUSTEES

[March 19

Yield Security (Per Cent) Amount $ 600 000 Continental Illinois National Bank 8l/s per cent time deposit due 2/11/75 8.13 $ 600 000 00 700 000 U.S. Treasury bills due 4/3/75 6.79 688 829 56 600 000 U.S. Treasury bills due 12/16/75 6.83 563 456 17 200 000 Continental Illinois National Bank 1% per cent time deposit due 3/25/75 7.63 200 000 00 400 000 First National Bank of Chicago lYi p e r cent certificate of deposit due 4/29/75. . . . 7.50 400 000 00 500 000 First National Bank of Chicago 7.60 p e r cent certificate of deposit due 1 / 1 2 / 7 6 . . . 7.60 500 000 00 100 000 First National Bank of Chicago 7.30 per cent certificate of deposit due 1 / l 9 / 7 6 . . . 7.30 100 000 00 1 000 000 First National Bank of Chicago 6'/2 p e r cent certificate of deposit due 3/5/75 6.50 1 000 000 00 1 100 000 U.S. Treasury bills due 6/30/75 5.91 1 072 885 00 200 000 First National Bank of Chicago 6.35 per cent certificate of deposit due 3/3/75 6.35 200 000 00

This report was received for record, Acting University Librarian, Urbana

(30) T h e Chancellor at Urbana-Champaign has recommended the appointment of Robert W. Oram, presently Professor of Library Administration and Associate University Librarian, as Acting University Librarian, effective March 20, 1975, on a twelve-month service basis, at an annual salary of $28,950. Mr. Oram will continue to hold the rank of Professor of Library Administration on indefinite tenure. Professor Oram will assume the position held by Dr. Lucien W. White who died on March 6, 1975. This recommendation is made after consultation with members of the Library Faculty Executive Committee and the Library Administrative Staff Conference. The Vice President for Academic Development and Coordination concurs. I recommend approval. O n m o t i o n of M r . F o r s y t h , this a p p o i n t m e n t w a s a p p r o v e d .

Financing Agreement for the New 500-Bed University of Illinois Replacement Hospital

(31) T h e joint financing plan for the new 500-bed replacement Hospital at the Medical Center in Chicago, concurred with conceptually for some time, has been now agreed upon in detail by the University, the Board of Higher Education, the Bureau of the Budget, and the Capital Development Board. Such agreement is necessary at this point in time because the Governor's proposed accelerated capital budget recommends the entire Capital Development Board appropriation in the FY 1976 budget. T h e President of the University, with the concurrence of the Chancellor at the Medical Center and the Vice President for Planning and Allocation, recommends the adoption of the following resolution: 1 Whereas, T h e Board of Trustees of the University of Illinois has designated a new 500-bed replacement Hospital at the Medical Center in Chicago as the number one priority capital project for the University; and

1 The Resolution contemplates a maximum payment of $3,306,898 a year for twenty-five years, subject to possible reductions as set forth in the Resolution. The payments are to begin no later than June 30 of thefiscalyear during all of which said new Hospital is in full operation.