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of applications and correspondence from candidates to turn over to the search firm. The
search firm will also know candidates to bring to the table. He said that he hoped to close
out the position by the end of the summer.

      I.    UK Appeals NCAA Bowl Restrictions

      President Todd reported that the University of Kentucky (UK) has submitted its
appeal on the football bowl restriction. He reminded the Board of the NCAA penalty that
states that UK cannot appear in a bowl this year. He said that he decided and announced
sometime ago that he was going to appeal that decision. The coaches and players are
working hard, and they deserve to be supported. That is why UK is appealing that
penalty.

      President Todd reminded the Board of a statement he made in a previous press
conference. In that press conference, he said that he would not take an entourage to
Indianapolis to defend this penalty. At the time he said that, he wanted to make sure that
everybody knew that UK was taking the sanctions very seriously. He said, "We did not
disagree with the sanctions and the wrongdoings they accused us. We found most of
them ourselves anyway."

      President Todd explained that this is a legalistic appeal to try to overturn a
previous decision. After consulting with attorneys, the attorneys advised that the
University would have a better situation if President Todd were there; therefore, he will
go pled the case for the University. The NCAA has agreed to allow representatives from
the University to make an appearance. President Todd said that he plans to fight it. It is
still a long shot, but the process has begun. The NCAA has not given the hearing date
yet.

      J.    Former UK President and Mrs. Frank Dickey Recognized

      President Todd referred back to PR 1. He reported that Omicron Delta Kappa
(ODK) recently recognized Dr. Frank Dickey, former UK President. The ODK national
collegiate leadership honor society presented Dr. Dickey with its highest honor, the
Laurel Crowned Circle Award. Dr. Dickey is only the seventh ODK member to receive
the award in the society's 87-year history, and this is remarkable.

      Dr. Dickey and his wife, Betty, have also established a new endowed scholarship
for graduate students in UK's College of Education. Dr. Dickey served as Dean of the
College of Education, and Dickey Hall is named for him.

      President Todd said that Frank and Betty Dickey have been a part of the living
legacy at Maxwell Place. He and his wife, Patsy, have found no one to be more
charming, supportive, and more interesting to talk to than the Dickey's, Betty in
particular. He said the Dickey's have become close friends of theirs since they have been
occupying Maxwell Place.