FCR 12


Office of the President
March 2, 2004



Members, Board of Trustees:


        AUTHORIZATION TO CONVEY .407 ACRES, MORE OR LESS,
                            IN OWEN COUNTY
     TO DEPARTMENT OF HIGHWAYS FOR RIGHT-OF-WAY PURPOSES
                        (TEMPORARY EASEMENT)


Recommendation: that the Board of Trustees authorize the Executive Vice President for
Finance and Administration to convey a temporary easement in .407 acres, more or less,
in Owen County, Kentucky to the Department of Highways for public highway
improvement.

Background: The Department of Highways proposes to perform a hazard elimination and
safety project on KY 22 in Owen County, Kentucky.

The Department of Highways proposes to pay a total of $825.00 to convey a temporary
easement to the property for the purpose of constructing roadway slopes. The easement
terminates and reverts upon completion of same. This purchase price is based upon
comparable land sales in Owen County, as reviewed and determined by the Department
of Highways.

Documents to be executed by the University include a Memorandum of Agreement and a
grant of easement.



Action taken:  El Approved



LJ Disapproved



LO Other