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             H. Report on Federal Grants Received

             Mr. Kerley reported to the Board of Trustees that the University's ap-
      plication for a loan for the classroom-office building on the Lexington campus
      in the amount of $4, 393, 000 had been approved. He explained that when the
      building is financed, the federal government will buy bonds up to this amount at
      an interest rate of 30o.

              The University has been advised that an additional grant of $714, 666 was
      approved for the Northern Community College. With the original grant of
      $361, 641, a total of $1, 076, 307 from federal funds is available to help with the
      construction of the first addition to the Northern Community College. The Uni-
      versity must finance an additional $1, 900, 000 from its own resources for this
      project.

              Applications are pending for grants amounting to $1, 200, 000 for the other
       community colleges to assist in expansion and improvement of facilities.

              The Board accepted Mr. Kerley's report and expressed gratification over
       the receipt of these grants.


              I. Report on Student Referendum on Relocation of Stadium

              At the June 17, 1966 meeting of the Executive Committee the possibility
       of relocating the stadium on approximately 150 acres of the southernmost portion
       of Coldstream Farm was discussed and the President was authorized to under-
       take all actions necessary to conduct physical and financial planning for a 50, 000
       seat stadium on the Coldstream site. Such studies and surveys are presently
       being conducted; however, several interested groups have protested moving the
       stadium to Coldstream and, in order to determine student opinion, Student
       Congress recently conducted a referendum. Mr. Carson Porter, President of
       Student Congress, was asked to report the results to the Board.

              Mr. Porter stated that 2, 905 students participated, the largest number to
       vote in any student referendum. Two questions were asked and the results are
       given below:

              1. Are you in favor of moving the football stadium from its present
                  location?

                             Yes                                1, 361
                             No                                 1, 5 3 3
                             No opinion                            11

              Z. If moved, would you prefer:

                             Coldstream site                      268
                             Within walking distance of campus  2, 133
                             No opinion                           504