FCR 19


Office of the President
January 11, 2005


Members, Board of Trustees:


     APPROVAL OF LEASE OF COLDSTREAM RESEARCH CAMPUS LOT

Recommendation: that the Executive Vice President for Finance and Administration be
authorized to negotiate and execute the following:

          A lease between the University of Kentucky and The American
          Board of Family Practice for Lot 23, 6.01 acres, in the Coldstream
          Research Campus.

Background: The American Board of Family Practice, Inc. (ABFP) is the national
certifying board for physicians who practice family medicine. Founded in 1969 with Dr.
Nicholas J. Pisacano as its first Executive Director and originally housed on the campus
of the University of Kentucky, the ABFP is dedicated to the improvement of health care
to the American public.

The ABFP was the first medical specialty board to issue time-limited certificates
requiring recertification. Currently, there are over 69,500 physicians around the world
certified by the ABFP.

Lot 23 was selected for the visibility provided to the proposed 25,000 square foot facility.
The lot is located at the intersection of Citation Boulevard and McGrathiana Parkway,
and the facility will be the first anchor structure to the third primary entrance to the
Coldstream Research Campus. The term of the lease is expected to be 100 years with an
annual lease rate of $50,484.

Any building to be constructed at the Coldstream Research Campus must be approved by
the University's Design and Review Committee. In addition, tenants must comply with
the Guidelines for Permitted Uses of the University of Kentucky Coldstream Research
Campus which is included as part of the land lease contract.



Action taken:  El Approved



Li Disapproved



L]Other