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         R.      Approval of Lease (FCR 3)

         Mr. Hardymon reported that FCR 3 is approval of an expansion
of a lease. He explained that it is the third addendum of the lease
and brings the total amount to $34,280. It, therefore, requires Board
approval, and the Finance Committee recommends that FCR 3 be
approved. Mr. Sturgill moved approval. The motion was seconded by
Mr. Chellgren and passed. (See FCR 3 at the end of the Minutes.)

         S.      Approval of Lease (FCR 4)

         Mr. Hardymon reported that FCR 4 is another expansion of a
lease that brings the total to $124,025. He reviewed the changes in
the lease and said that the Committee recommends that it be approved.
On motion made by Dr. Meriwether, seconded by Mrs. Weinberg and
passed, FCR 4 was approved. (See FCR 4 at the end of the Minutes.)

         T.      Approval of Lease (FOR 5)

         Mr. Hardymon reported that FCR 5 involves a piece of property
and is a new lease between Jefferson Community College and Carrollton
College Educational Foundation, Inc., a non-profit corporation. He
said that the lease is for additional office and classroom space, and
the Committee recommends approval of the lease. Mr. Wilcoxson moved
approval. His motion, seconded by Professor Sistarenik, carried.
(See FCR 5 at the end of the Minutes.)

         U.      Deed of Easement to Kentucky Utilities Company (FCR 6)

         Mr. Hardymon said that FCR 6 is a deed of easement to the
Kentucky Utilities Company located along Upper Street. The deed will
permit Kentucky Utilities Company to relocate an existing electric
substation and also reserve space for future expansion of the
substation. He pointed out that the University of Kentucky is the
primary user of power from the substation, but it may serve other
needs of Kentucky Utilities in the future. Dr. Meriwether moved
approval. Mr. Chellgren seconded the motion and it carried. (See FCR
6 at the end of the Minutes.)

         V.      Authorization to Execute Seventh Supplemental
Agreement - Louisville Medical Center Steam and Chilled Water Plant
 iCR 7)

         Mr. Hardymon stated that FCR 7 is a request for an
authorization to execute a seventh supplemental agreement involving
the Louisville Medical Center Steam and Chilled Water Plant. He said
that this is an expansion of a Steam and Chilled Water Plant that will
serve a number of businesses, hospitals and the Jefferson Community
College. The Finance Committee recommends that the President be
authorized to execute a contract for the sale of approximately $4.4
million of revenue bonds by Jefferson County to raise money to replace
and upgrade the equipment. Mr. Chellgren moved approval. Mr.
Wilcoxson seconded the motion and it carried. (See FCR 7 at the end
of the Minutes.)