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Caption: Board of Trustees Minutes - 1978
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1977] UNIVERSITY OF ILLINOIS 317 The renewal of this lease is for the same amount of rental space, but at a higher rate. The present rate is $6.32 per square foot, for a total annual rental of $49,605.72. Funds have been included in the appropriation bill of the General Assembly to meet the ordinary and contingent expenses of the University for FY 1978 and will be included in the Division of Services for Crippled Children operating budget authorization request for FY 1978 to be submitted to the Board of Trustees. This lease is subject to the availability of such funds. T h e student advisory vote was: Aye, M r . Matdiews, Mr. Volgman; no, none; absent, Mr. Conlon. O n motion of Mrs. Rader, this recommendation was approved by the following vote: Aye, Mr. Forsyth, Mr. Howard, Mr. Lenz, Mr. Livingston, Mrs. Rader, Mrs. Shepherd, Mr. Velasquez; no, none; absent, Mr. Neal, Governor Thompson. Mr. H a h n asked to be recorded as not voting. Extension of Lease Agreements of Property, Urbana-Champaign Campus (35) The president of the University, with the concurrence of the appropriate administrative officers, recommends that the University of Illinois Foundation be requested to enter into agreements extending the leases of the following properties at the Urbana-Champaign campus for the terms and conditions as indicated and to sublease the properties to the University, subject to the availability of funds, on a fiscal year basis. Address Term of Lease Agreement Annual Rental 26 East Springfield Avenue, Champaign 7/1/77-6/30/80 $ 10 200 00 807 South Lincoln Avenue, Urbana 11/9/77-6/30/81 15 912 72 505 East Green Street, 7/1/77-6/30/80 112 000 00 Champaign 7/1/80-6/30/82 114 000 00 1115 West Oregon Street, Urbana (second floor) 7/1/77-6/30/80 4 500 00 Funds have been included in the appropriation bill of the General Assembly to meet the ordinary and contingent expenses of the University for FY 1978 and will be included in the operations and maintenance operating budget authorization request for FY 1978 to be submitted to the Board of Trustees. These lease agreements are subject to the availability of such funds. T h e student advisory vote was: Aye, Mr. Matthews, Mr. Volgman; no, none; absent, Mr. Conlon. O n motion of Mr. Livingston, these recommendations were approved by the following vote: Aye, Mr. Forsyth, Mr. Hahn, Mr. Howard, Mr. Lenz, Mr. Livingston, Mrs. Rader, Mrs. Shepherd, Mr. Velasquez; no, none; absent, Mr. Neal, Governor Thompson. Lease of Space for Cooperative Extension Service (36) The president of the University, with the concurrence of appropriate administrative officers, recommends the execution by the comptroller and the secretary of extensions of leases for the period July 1, 1977, to June 30, 1978, at various locations within the state to provide space for cooperative extension activities. The details of the proposed leases recommended for execution are as follows:
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