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Chancellor Hemenway said that Mr. Anderson is a 1950 mechanical
engineering graduate of the University of Kentucky College of Engineering
and has been one of the staunchest supporters and friends of the College
for the past three decades. He said that Mr. Anderson has always
remembered his alma mater and has made possible a host of things for the
College, including campus planning, recruiting, video tapes and
television ads. He said that Mr. Anderson's gift of $2 million will be
joined with other private gifts, and hopefully legislative approval for
bonding authority, to build a new $18 million mechanical engineering
building. This new building will be the last step in a plan to create
comprehensive world class engineering facilities at the University.
Mr. and Mrs. Anderson were in attendance. They were asked to
stand and be recognized, following which they received a round of
Governor Breathitt thanked Mr. and Mrs. Anderson for their
generous gift. He said that this is a splendid demonstration of loyalty
to the University and to the College of Engineering. Mr. Anderson is a
witness for all of the alumni of the institution.
On motion made by Mr. Hardymon, seconded by Mrs. Weinberg and
carried, FCR 6 was approved.
President Wethington expressed appreciation to Mr. and Mrs.
Anderson and members of their family for the excellent contribution to
the University. He said that Mr. Anderson's gift has given everyone
involved in raising private money a great boost and his support has also
helped in seeking approval of the General Assembly for the mechanical
0. Resolution of the Bqard Qf Trustees of th-Univ rsity of
Kentucky Accepting the Successful Bid for the Purchase of University of
Kentucky Housing and Dining System Refunding Revenue Bonds. Series N
Mr. Hardymon recommended that the Board approve a Resolution
accepting the successful bid of Morgan Keegan & Company with reference to
the sale of the $4,170,000 (plus or minus up to $415,000) of University
of Kentucky Housing and Dining System Refunding Revenue Bonds, Series N,
dated February 1, 1994, at a net interest cost of 5.1192%. He reported
that the cumulative savings is $212,717, the present value savings is
$157,466, and the annual savings is $14,881 which is a 4.152% savings.
Mr. Chellgren seconded the motion, and it carried. (See FCR 7 at the end
of the Minutes.)
P. Agreements with CyprusSouthern Realty Company nd the
Kentucky Department of Fish and Wildlife Resources Regarding Robinson
Forest (FOR 8f)
Mr. Hardymon stated that the Committee is recommending that the
University's administration be authorized to enter into agreements with
Cyprus Southern Realty Company and the Kentucky Department of Fish and
Wildlife Resources regarding Robinson Forest. The Cyprus agreement would
settle a boundary dispute. The Fish and Wildlife agreement would
establish the Forest as a Wildlife Management area. He asked Mr. Carter
to provide background information.