Office of the President
                                                      April 1, 1986








Members, Board of Trustees:

                      RESOLUTION ACCEPTING THE SUCCESSFUL
                      BID FOR THE PURCHASE OF $Z,89U,UUU
                      OF UNIVERSITY OF KENTUCKY COMMUNITY
                      COLLEGES EDUCATIONAL BUILDINGS REVENUE
                      BONDS, SERIES E


Recommendation: That the Board of Trustees accept the bid of J. C. Bradford
& Co. and Associates offering to purchase the Bonds at a net interest cost
of 6.97209% and that the coupon rates as shown on the attached copy of the
successful bid be approved and adopted.

Background: On March 4, 1986, the Executive Committee of the Board of
Trustees approved a Resolution authorizing the issuance of $2,890,000
University of Kentucky Community Colleges Educational Buildings Revenue
Bonds, Series E. Said resolution also authorized the public advertising for
sealed, competitive bids to be received on April 1, 1986. Bids were
received by the Finance Committee and the recommended bid is the lowest net
interest cost to the University.

Four bids were received and tabulated as follows:



J. C. Bradford & Co. and Associates
Merrill Lynch Pierce Fenner & Smith Inc.
J. J. B. Hilliard & Lyons
Seasongood & Mayer



$2,586,356.67
$2,592 ,41 0.20
$2,593,623.21
$2,633,215.21



Action:  Approved     X



Date:



Disapproved

, 1986



1393



6.97209%
6.988413%
6.9916834%
7.0984%



April 1



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