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Part of Minutes of the University of Kentucky Board of Trustees

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Finance Committee Report February 16, 1971 FC P I Members, Board of Trustees: EXCHANGE OF PROPERTIES Recommendation: that the Board of Trustees authorize the Vice President for Business Affairs and Treasurer to execute the nec- essary documents to effectuate an exchange of properties between the University and The Kentucky High School Athletic Association, whereby the University will acquire the property at 763 Rose Street, Lexington, Kentucky (presently the KHSAA office building) at a cost of $99, 050. 00, and the KHSAA will acquire a 0. 9825 acre tract of University property (adjacent to ETV facility) on Cooper Drive, Lexington, Kentucky at a cost of $27, 000. 00. Background: This action is presented for the purpose of formal- izing the approval of an exchange of properties between the Uni- versity and KHSAA which will enable the University to expand its educational facilities as planned, and permit the KHSAA to con- struct new office facilities at a location suitable to the implemen- tation of its cooperative programs with the University. Action: Approved X Disapproved Other Date: February 16, 1971