Repository: UIHistories Project: Board of Trustees Minutes - 1978 [PAGE 33]

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22

BOARD OF TRUSTEES

[July 21

Amendment of Agreement among the University, the University Club, and the University of Illinois Foundation, Urbana

(27) In June 1975 the Board of Trustees authorized the execution of an agreement between the University, the University Club, and the University of Illinois Foundation which, in part, provided for a continuation until September 1, 1976, of a trust fund created in December 1943 (the sum in the fund now totaling in excess of $32,000), with the understanding that the University Club would be allowed to use the entire fund for refurbishing and remodeling the Levis Faculty Center, as approved by the University. Funds not so used by September 1, 1976, were, according to the agreement, to be divided equally between the University Club and the University. While plans for the appropriate expenditure of these funds are being developed by the University Club in consultation with the University, it is clear that the execution of such plans cannot be completed by September 1, 1976, and a portion of the plan may call for expenditures over a longer period of time than anticipated when the agreement was drafted. Accordingly, the Chancellor, with the concurrence of appropriate University officers, has recommended that the agreement be amended to extend the term for the full expenditure of the trust fund to September 1, 1977, and thereafter as necessary by mutual consent of both parties. In the event that the funds are not used by September 1, 1977, or, if the time limit is not extended, they will be divided equally between the University Club and the University. It is further recommended that the Comptroller and the Secretary of the Board be authorized to execute the necessary documents to amend the agreement as proposed. I concur.

On motion of Mr. Howard, these recommendations were approved, and authority was given as recommended.

Report for Information: Negotiations with City of Urbana on Use of Land Fill Site

(28) In 1950 the University entered into an agreement with the city of Urbana regarding the city land fill and by the agreement and later amendments has participated, and acquired certain rights, in the land fill operation. The cities of Champaign and Urbana have entered into an agreement to establish a Waste Management Group to: 1. Accommodate the city of Champaign's need for use of land fill within the next several months, and 2. Determine a long-term solution for the land fill requirements of the two cities. It is contemplated that the University will be a party, either as user or part owner, to the long-term plan. In the interim, the cities wish to use twenty-four acres of the site currently owned by Urbana (and in which the University has an interest) to accommodate the joint waste disposal needs of the two cities and to permit the Waste Management Group to initiate its operations. The campus administration has agreed that this arrangement is proper and reasonable, providing the financial burden is shared in proportion to the use of the land fill by the parties. Negotiations are now in process, and a recommendation is anticipated for the September agenda of the Board of Trustees.

This report was received for record.