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Caption: Board of Trustees Minutes - 1976
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1976] UNIVERSITY OF ILLINOIS 689 b. T h a t the University of Illinois Foundation be requested to arrange for appropriate financing, including the trade-in of such existing equipment as determined by the University to be available for trade after conversion. Such financing has been approved by the First National Bank of Chicago. c. T h a t , subject to the availability of funds, the University lease the acquired equipment from the University of Illinois Foundation for the period from September 19, 1976, through June 30, 1977, with the option to renew on an annual fiscal year basis, for an additional six years at a rental rate not to exceed $674,820 annually. That, subject to the availability of funds, the University enter into a lease agreement for additional supporting equipment with the Illinois Educational Consortium for the period from September 19, 1976, through June 30, 1977, with the option to renew on an annual fiscal year basis for an additional six years at a rental rate not to exceed $312,552 on an annual basis. The supporting equipment to be leased is as follows: Unit Unit Scheduled Basic Net Total Model and Installation Monthly Monthly Monthly Quantity Description Date Rental Rental Rental 4 7054-41 Disk controller 19 Sept. 76 $1 888 $1 624 $ 6 496 7 844-41 Disk stor19 Sept. 76 age unit 758 652 4 564 1 7021-21 Tape controller 19 Sept. 76 562 483 483 4 669-4 Mag tape unit 19 Sept. 76 479 412 1 648 1 580-12 Line printer 19 Sept. 76 1 108 1 108 1 288 1 596 Train cartridge 19 Sept. 76 85 73 73 1 415-30 Card punch 19 Sept. 76 664 664 772 1 405 Card reader 19 Sept. 76 396 341 341 1 Reader 3447-2 control 19 Sept. 76 236 203 203 1 2550-2 Host processor 19 Sept. 76 1 371 1 179 1 179 1 2554-32 Memory extension 19 Sept. 76 241 207 207 1 2556-2/3/4 Line extension 19 Sept. 76 294 252 252 5 2560-2 Line adapter 19 Sept. 76 25 110 22 1 2552-1 Host processor 19 Sept. 76 1 653 1 922 1 653 1 2554-32 Memory extension 19 Sept. 76 241 207 207 1 2556-2/3/4 Line extension 19 Sept. 76 294 252 252 50 2561-1 Line adapter 19 Sept. 76 950 22 19 $20 390 Less adjustment 3 262 $17 128 Less prepayment adjustment 816 $16 312
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