Office of the President
                                  December 14, 1993

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Members, Board of Trustees


                    PROPERTY CONVEYANCE TO
          LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT -
                        COLDSTREAM FARM


Recommendation: that approval be given for the conveyance of a
bike path easement and two permanent sewer easements by the
University to the Lexington-Fayette Urban County Government
across portions of Coldstream Farm as a part of the
University's developmental plans for Coldstream Research
Campus.

Background: In connection with the development of the.
Coldstream Research Campus, the Urban County Government and the
University arrived at a series of understandings in 1991
relating to the provision of sewers and the dedication of
certain portions of Coldstream Farm for open space and
recreational purposes. The University, as a part of those
understandings, agreed to grant the bike path easement and one
sewer easement to accommodate the installation of a force
main. The second sewer easement, though not a part of the
original understandings, has subsequently been determined to be
necessary to accommodate a gravity flow sanitary sewer line
which will serve users in the area including the University's
Coldstream Research Campus. This action is to authorize the
execution and delivery of these easements to the
Lexington-Fayette Urban County Government.



Action taken:  Approved  L     Disapproved       Other_     _

Date: December 14. 1993