7



institutions of higher education in the Commonwealth. He reviewed the
tuition schedule and recommended that it be confirmed.   The motion was
seconded by Mr. Shoop, and FCR 7 was confirmed.   (See FCR 7 at the end of
the Minutes.)

       W.    Room and Board Rates 1994-95 School Year (FCR 8

       Mr. Hardymon said that FCR 8 recommends that the room and board
rates for University Housing be adjusted according to the schedule
provided to become effective with the fall semester 1994. He noted a 5.3a
increase. He said that all of the areas are self-supporting, and no
general funds are used for room and board.   He pointed out that these
rates are lower than all but one of the benchmark schools.    He recommended
approval of FCR 8. Professor Mather seconded the motion and it carried.
(See FCR 8 at the end of the Minutes.)

       X.    5a Le o  rope ty  wmned byUn iversit   f Ki
Foundation in harlottesville, Virginia    (ECR 9)

       Mr. Hardymon stated that FOR 9 recommends that the University
approve the sale of property owned by the University of Kentucky Research
Foundation (UKRF) at 1008 Sheridan Avenue, Charlottesville, Virginia.     He
reminded the Board of this gift of property from David I. Carter to UKRF
on December 22, 1993. He said that the procedure will be for an
appraisal, a listing, and a sale of the property at the appraised value or
higher.  He recommended approval of FCR 9.   The motion, seconded by Mr.
Welenken, passed. (See FCR 9 at the end of the Minutes.)

       Y.    Grant of Eas-ement to Northeast WQo{dkrJ Water District fqr
Woodford County Farm (FOR 10)

       Mr. Hardymon moved that approval be given for the granting of a
water line easement to Northeast Woodford Water District across the
University's Woodford County Farm.   He reported that this is formerly the
Pin Oak Farm and the easement will be near the intersection of US 60 and
US 62.  He explained that the new 8" water line will be constructed inside
the University's farm fence along Midway Road and will provide better fire
protection service for the main body of the farm.    The motion was seconded
by Mr. Shoop and carried.   (See FCR 10 at the end of the Minutes.)

       Z.    Resolution of thgBfpard of Trusges of the University of
Kentucky Accepting theSuccessful Uid for the Purchase of University-gi
Kentucky Housing and Dining System Revenue Bonds, Series 0 (FCR 11)

       Mr. Hardymon reminded the Board of their approval at the April 5,
1994 meeting for the administration to ask for bids on $2.2 million of
revenue bonds for the housing area.   He reported that three bids were
received and J.J.B. Hilliard, W.L. Lyons, Inc. was the low bidder at a net
interest cost of 5.9270%.   He reported that these bonds received ALA
ratings by Moodys, and it was a very competitive bid.    He moved approval
of FCR 11. Mr. Ulmer seconded the motion, and it passed. (See FCR 11 at
the end of the Minutes.)