Section 2. That the Chairman or Vice Chairman and the Secretary
are hereby authorized and directed to execute and affix the seal of the
Board of Trustees upon behalf of the Board to a Lease of the properties
constituting such project, under which the Commission will be Lessor and
the Board will be the Lessee, such Lease to be in the form referred to in
such resolution previously adopted by the Commission and in the form pre-
sented to the meeting at which this resolution was proposed.

          Section 3. That the Chairman or Vice Chairman, the Secretary
and/or any other appropriate officer or officers of the Board are hereby
authorized and directed to take whatever steps are necessary in order to
execute and deliver a deed of conveyance to the properties on vwhich such
project will be located and which are described in such resolution pre-
viously adopted by the Commission and in such form of Lease, in order that
title may be conveyed from the Commonwealth of Kentucky for the use and
benefit of the Board of Trustees to the Commonwealth of Kentucky for the
use and benefit of such Commission, with it being provided that upon all
of such bonds and/or notes being fully retired, both as to principal and
interest, the Board of Trustees shall have a right to obtain a reconveyance
of such properties, in order that it may again be held in the name of the
Commonwealth of Kentucky for the use and benefit of such Board of Trustees.

          Section 4. That the Chairman or Vice Chairman and the Secretary
are hereby authorized and directed to execute and affix the seal of the Board
to an Agreement between the Board and the University of Kentucky Athletic
Association, the form of which instrument Was presented to the meeting at
which this resolution was proposed, such Agreement providing that such Asso-
ciation shall bave the right to operate such properties constituting such
project under the terms and conditions set forth in such Agreement.

          Section 5. That the requirements of KRS 56.450(4) shall be met
by furnishing such Commission with a certified copy of this resolution,
such certified copy to be considered by the Commission as the application
of the Board of Trustees of the University of Kentucky that the Commission
act as requested herein, without the necessity of the execution or filing
of any other form of application.

          Section 6. This resolution shall take effect immediately upon its
adoption.



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