Board of Trustees approves spending, purchase, lease renewal, transit agreement
Illinois State University’s Board of Trustees authorized University officials to expend funds from tentative internal allocations until the Board approves the FY2016 operating budget. FY2016 state appropriations are not yet known and this measure allows the University to honor its financial obligations on July 1.
Board members approved an FY2016 blanket purchase order of $1.25 million with the HD Smith company to provide pharmaceuticals for the Student Health Service Pharmacy. In 2007, HD Smith was the successful bidder for a 10-year pharmaceutical contract.
Board members authorized a five-year lease renewal for office facilities in Uptown Crossing, located at 100 S. Fell Ave., in Normal. The Board approved the lease on the 31,237 square-foot office space for a total not to exceed $4 million over the lease period. The original lease was signed with JRH, MRH LLC – 206 North Normal Series in July 2009.
Board members also approved an agreement with Connect Transit to provide bus transportation services. Faculty, staff and students who present their ISU Redbird Card can ride free of charge on any Connect Transit route. Monthly payments are made by the University to Connect Transit to cover the cost. The Board approved a payment of $520,000 for FY2016.