A RESOLUTION AUTHORIZIN.; hidt APLICA;.ION TO E M ADE TO THE STATF
      PROPERTY AND BUILDING.) OMtn'.ISSION OF T COE CO'\DN!LTH OF KEN-
      T UCKY FOR SUCH mOJSSTON 10 AUTHOiUZE, ISSD.,    1 SELL AND DELIVER
      $9,000,000 OF ITS REV5NIJE rn13;NDS AND IN ANTICIPAT__O!H TiE  OF
      AUTHORIZE, ISSUE, SELL AN,;.) DElIVER 19,0010,00O OF ?:OTES, ALL IN
      ACCORDANCE 1.7IT11 A RES;OLUTION ALREADY ADPOPTED DY SUCJ CO'.'.11SSIO0
      ON NOVE?.1EER 11, 1971, APDROVI'G TflE TERCLS OF StCyl RESOLCTION OF
      SUCH 0OI.1MISSION, AU`FfTh.ORI1Z'IG THE EX.iECUrION C Oi A 1.EASE U. TNE!
      PROPERTIES BEING FBNYNCED BE THE PROVISIONS CF SUCH R2OGLt ION,
      AUTHORIZING THE EXECUMI0N OF AN AGREEIMEN  WTH TlhE UNIVERSITY
      OF KENTUCKY ATHLETIC ASSOCIATION AND AUTHORIZING THE EXECUTION
      OF A DEED BY THE BARD TO SUCH COMMISSION OF THE PROPERTIES
      ONSTITUTING THE PROJECC  l HICH WILL BE FINANCED BY THE ISSU-
      ANCE OF SUCH BONDS AND NOTES.

          WHEREAS, representatives of the Board of Trustees of the University
of Kentucky had previously informally requested the State Property and Build-
ings Commission of the Commonwealth of Kentucky to authorize, issue, sell and
deliver $9,000,000 of revenue bonds of the Commission and in anticipation of
the issuance thereof to authorize, issue, sell and deliver $9,000,000 of its
notes, and

          WHEREAS, such Cormazission, at a meeting held on November 11, 1971,
adopted such a resolution, subject to a formal applic&.tion in respect there-
to being made by the Board of Trustees to such Coammdssion,

          NOW, THEREFORE, THE BOARDi OF TRUSTEES OF THE UNIVERSITY CF KEN-
TUCKY HEREBY RESOLVES AS FOLLOWS;

          Section 1. The Board of Trustees of the University of Kentucky
does hereby make a formal application to the State Property and Buildings
Commission of the Commonwealth of Kentucky, pursuant to KRS 56.450(4), for
such Cormmission, acting for and on behalf of such Board of Trustees, to issue
revenue bonds in its own name in accordance with the terms and provisions of
KRS Chapter 58, secured by and payable solely from the revenues of the proj-
ect to be financed consisting of a stadium, with parking areas, utility ser-
vices, public ways, landscaping and other necessary apportenant facilities
which will constitute Project Noi. 18 of such Commission. That in anticipa-
tion of the authorization, issuance, sale and delivery of such bo:ids appli-
cation is hereby made for such Commission to authorize, issue, sell and de-
liver notes in anticipation of the issuance of such bonds. That tho resolu-
tion heretofore adopted by the Commission on November 11, 1971, in connection
with the foregoing has been duly considered and is hereby approved as to form
and substance by said Board of Trustees, and such Cor".ission is hereby re-
quested to adopt and take all other appropriate action in connection therewith
which may be necessary to carry out the intent of such resolution.