P. Financial Report Accepted (FCR 1)

       Mr. Hillenmeyer moved acceptance of the interim financial report for the
nine months' period :nding March 31, 1970. HiJ motion was seconded by IMAr.
Pence and, without dissent. it was so ordered. (See FCR 1 at the end of the
Minutes.  


       Q. Authorization Given to Proceed with Contracts on
Two Buildings (FCR 2)

       Mr. Hillenmeyer moved that the recommendation in FCR 2 relative to the
preparing of contract documents and to awarding contracts on the Health, Physical
Education and Recreation Building and the Laboratory - Office Facilities Building
be approved. His motion was seconded by Dr. Nicholas, and passed. (See FCR 2
at the end of the Minutes.


       R. Authoriza.tion Given to Dispose of Property (FCR 3)

       On motion duly made, seconded, and passed, property presently owned by
the University of Kentucky and known as Z70 South Limestone Street, Lexington, was
deemed no longer necessary for the purpose of the University and the Acting Vice
President--Business Affairs and Treasurer was authorized to take action neces-
sary to dispose of the property at a price not less than its fair market value as
determined by an independent appraiser. (See FCR 3 at the end of the Minutes.



       S. Clarifying Resolution Relating to Community College
Revenue Bonds Adopted

       Mr. Ruschell explained that in order to make it clear that the proceeds of
the Community Colleges Educational Buildings Revenue Bonds and Notes issued
in anticipation thereof may be expended for all appurtenances, structures, works
and faciliites which are necessary for the operation of the Community Colleges
Educational Buildings Project it was advisable that a resolution be adopted clari-
fying the original basic resolution adopted on May 6. 1969, providing for the
financing of the Community Colleges Project and that a further resolution be
adopted clarifying the resolution authorizing the Series A and the Series B Bonds
for such Project.

       Thereupon, Dr. Nicholas introduced, caused to be read and moved the
immediate adoption of a resolution entitled:

         A RESOLUTION clarifying "A RESOLUTION creating and estab-
         lishing a Community Colleges Educational Buildings Project of
         the University of Kentucky; creating and establishing a new issue



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