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       DD. Report of Leases (FCR 3)

       Mr. Forgy moved, and Mr. Wilcoxson seconded, that the report of
leases in FCR 3 be accepted. The motion was voted on, and it was so
ordered. (See FCR 3 at the end of the Minutes.)

       EE. Approval of Lease (FCR 4)

       On recommendation of the Finance Committee, Mr. Forgy moved that
the Vice Chancellor for Administration, Lexington Campus, be authorized
to renew the lease between Owensboro Community College and Owensboro
Independent Board of Education as presented in FCR 4. Mr. Forgy's motion
was seconded by Mr. Clay and passed without dissent. (See FCR 4 at the
end of the Minutes.)

       FF. Approval of Lease (FCR 5)

       Mr. Forgy then moved that the Vice Chancellor for Administration,
Lexington Campus, be authorized to renew the lease between the Owensboro
Community College and Midtown Office Complex as Dresented in FCR 5. Mr.
Forgy's motion was seconded by Mr. Ramsey and carried. (See FCR 5 at the
end of the Minutes.)

       GG. Approval of Lease (FCR 6)

       On motion by Mr. Foray, seconded by Professor Wilson and carried,
the Vice Chancellor for Administration, Lexington Campus, was authorized
to renew the lease between the University of Kentucky Medical Center
Finance Division and The Webb Companies as recommended in FCR 6. (See
FCR 6 at the end of the Minutes.)

       HH. Use of Fraternity Reserve (FCR 7)

       Mr. Foray moved that the Vice Chancellor for Administration be
authorized and directed by the Board of Trustees to request the Trustee
of University of Kentucky Student Housing Bonds of 1964 to make available
$7,000 for repairs to the Sigma Nu Fraternity house. The motion was
seconded by Professor Driscoll and carried. (See FCR 7 at the end of the
Minutes.)

       II. Acceptance of Audit for the University of Kentucky Federal
Credit Union (FCR 8)

       On motion made by Mr. Forgy, seconded by Mr. Clay and carried, the
Board accepted the audited financial statement of the University of
Kentucky Federal Credit Union for the twelve-month period ended December
31, 1986. (See FCR 8 at the end of the Minutes.)

       JJ. Establishment of Quasi-Endowment for the Alumni Chair in
Anatomy Fund (FCR 9)

       On recommendation of the Finance Committee, Mr. Forqy moved that
the Board authorize the creation of a Quasi-Endowment Fund to be entitled
the "Alumni Chair in Anatomy Fund." Mr. Forqy's motion was seconded by
Mr. Hershey and carried. (See FCR 9 at the end of the Minutes.)