Repository: UIHistories Project: Board of Trustees Minutes - 1976 [PAGE 475]

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464

BOARD OF TRUSTEES

[ N o v e m b e r 19

College of Liberal Arts and Sciences Bachelor of Arts Bachelor of Science Total, College of Liberal Arts and Sciences College of Applied Life Studies Bachelor of Science College of Veterinary Medicine Bachelor of Science Total, Degrees Conferred at Urbana-Champaign October 15, 1975

34 20 (54) 6 1 Campus, 618

ANNOUNCEMENTS FROM THE PRESIDENT OF THE BOARD Future Meetings President Neal called attention to the schedule of Board meetings through April 1976: December 17, 1975, Chicago Circle; J a n u a r y 21, 1976, U r b a n a - C h a m p a i g n ; February 18, 1976, Medical Center; M a r c h 17, 1976 (Annual M e e t i n g ) , Chicago Circle; April 14, 1976, Dixon Springs, Illinois. M r . Neal also announced that an executive session had been requested and would be convened after the meeting for consideration of various matters. RECESS AND EXECUTIVE SESSION Following a short recess, the Board reconvened in executive session and considered the following items of business: Option to Purchase Urban Renewal Tract Two from City of Peoria (18) On February 20, 1974, the Board of Trustees approved a resolution identifying a site in an urban renewal area of the city of Peoria for the Peoria School of Medicine and authorized the execution of a contract for the sale of land. In addition to the contract, the University and the city of Peoria also entered into a cooperation agreement with respect to the urban renewal area adjacent to the site to be acquired by the University. Under the terms of the agreement, the University is to be given the first option to purchase the adjacent tract at a price to be determined at the time. T h e agreement also provides that the Board must express its interest in acquiring the property within thirty days. On November 4, 1975, the city of Peoria notified the University that it is now undertaking efforts to sell the land in accordance with the agreement. The President of the University, with the concurrence of the appropriate administrative officers, recommends that the University advise the city of Peoria that it does not have an interest in acquiring the adjacent tract of land. O n motion of M r . Forsyth, this recommendation was approved. Vice President Ronald W. Brady was designated as the representative of the Board of Trustees on the advisory review committee to review plans submitted by the redevelopers for the development of the adjacent tract. Risk Financing of Hospital and Medical Malpractice Mr. Costello reviewed briefly recent court decisions and their implications with regard to malpractice claims and their disposition.