xt73r20rrf47 https://exploreuk.uky.edu/dips/xt73r20rrf47/data/mets.xml Lexington, Kentucky University of Kentucky 2001033 minutes English University of Kentucky Contact the Special Collections Research Center for information regarding rights and use of this collection. Minutes of the University of Kentucky Board of Trustees Minutes of the University of Kentucky Board of Trustees, 2001-03-apr3. text Minutes of the University of Kentucky Board of Trustees, 2001-03-apr3. 2001 2011 true xt73r20rrf47 section xt73r20rrf47
AGENDA
Meeting of the Board of Trustees
University of Kentucky
1:00 P.M.
April 3, 2001
Invocation
Roll Call
Approval of Minutes - (Consent)
President's Report and Action Items
PR 1 President's Report to the Trustees
A. Partnership in Research Progress Committee Report
PR 2 Personnel Actions
PR 3 Central Administration
A. University Research Professorships
B. Naming University Building - The Dorotha Smith Oatts Visitor Center
C. Naming University Building - Peter P. Bosomworth Health Sciences Research Building
D. Honorary Degree Recipients
PR 4 Community College System (No items to report)
PR 5 Lexington Campus
A. Lexington Community College Mission, Vision and Values Statement
PR 6 Medical Center
A. Reappointment to Board of Directors of The Fund for Advancement of
Education and Research in the University of Kentucky A.B. Chandler
Medical Center (Consent)
Academic Affairs Committee
1. New Degree Program in Early Childhood Education (Consent)
2. Change in Name of an Educational Unit (Consent)
3. Change in Name of an Educational Unit (Consent)
Finance Committee
1. Acceptance of Interim Financial Report for the University of Kentucky for the
Eight Months Ended February 28, 2001
2. Report of Leases
3. 2000-01 Budget Revisions
4. Ahonymous Gift for Urology
a. Drs. Barbara and James Holsinger Gift and Pledge
6. James F. Glenn, M.D. Chair in Urology
7. Jerry G. and Patricia K. Rose Gift and Pledge
8. Medical Alumni Association Gift and Pledge
9. National City Bank Gift and Pledge
10. Vaughn & Melton Consulting Engineers, Inc. Pledge
11. Incentive Retirement Plan for the Department of Chemical and Materials
Engineering
12. A Resolution of the Board of Trustees of the University of Kentucky Authorizing the Issuance of
Approximately $18,695,000 of University of Kentucky Consolidated Educational Buildings
Refunding Revenue Bonds, Series N (Second Series), to be Dated the First Day of the
Month in Which the Bonds are Sold
Minutes of the Meeting of the Board of Trustees of the University of Kentucky, Tuesday,
April 3, 2001.
The Board of Trustees of the University of Kentucky met at 1:00 p.m. (Lexington time)
on Tuesday, April 3, 2001 in the Board Room on the 18th floor of Patterson Office Tower.
A. Meeting Opened
Billy Joe Miles, Chairperson, called the meeting to order at 1:04 p.m., and the invocation
was pronounced by Ms. Marian Sims.
B. Roll Call
The following members of the Board of Trustees answered the call of the roll: Governor
Edward T. Breathitt, Mr. Paul W. Chellgren, Ms. Marianne Smith Edge, Mr. James Glenn III,
Mr. John "Jack" Guthrie, Dr. Loys L. Mather, Dr. Robert P. Meriwether, Mr. Billy Joe Miles
(Chairman), Dr. Elissa Plattner, Mr. Steven S. Reed, Dr. Daniel R. Reedy, Mr. C. Frank Shoop,
Ms. Marian Sims, Ms. Alice Sparks, Dr. W. Grady Stumbo, Ms. JoEtta Y. Wickliffe, and Mr.
Russell Williams. Absent from the meeting were Mr. Merwin Grayson, Mr. Billy B. Wilcoxson
and Ms. Elaine Wilson. The University administration was represented by President Charles T.
Wethington, Jr.; Chancellors James W. Holsinger and Elisabeth Zinser; Vice Presidents
Fitzgerald Bramwell, Joseph T. Burch, Ben W. Carr, George DeBin and Eugene Williams; Mr.
Larry Ivy, Director of Athletics, and Mr. Richard E. Plymale, General Counsel.
Members of the various news media were also in attendance. A quorum being present,
the Chairperson declared the meeting officially open for the conduct of business at 1:07 p.m.
C. Consent Agenda
Mr. Miles stated that there were five items on the consent agenda:
Approval of Minutes
Reappointment to Board of Directors of The Fund for Advancement of Education
and Research in the University of Kentucky A. B. Chandler Medical Center
(PR 6A)
New Degree Program in Early Childhood Education (AACR 1)
Change in Name of an Educational Unit (AACR 2)
Change in Name of an Educational Unit (AACR 3)
Dr. Reedy noted one correction that needed to be made in the March 6, 2001 Minutes.
Ms. Sparks commented on the new degree program in Early Childhood Education at
Lexington Community College and its importance to the Commonwealth of Kentucky. She
thanked Dr. James Kerley and Dr. Retia Walker for their collaboration in this effort.
Mr. Shoop moved approval of the Consent Agenda. The motion, seconded by Ms. Sims,
carried. (See PR 6A, AACR 1, AACR 2 and AACR 3 at the end of the Minutes.)
- 2 -
D. President's Report to the Board of Trustees (PR 1)
President Wethington called attention to the following items in PR 1:
1. The UK Department of Communication is leading the nation in securing outside
grants over a ten-year period.
2. The University of Kentucky hosted 2,400 undergraduate researchers on campus at the
largest conference the University has had on campus. It was a wonderful experience
for the undergraduate students and their faculty mentors from across the country.
President Wethington asked the members to read the other items in the report at their
leisure.
E. Partnership in Research Progress Committee Report (PR IA)
President Wethington said that this report is a report from the Partnership in Research
Progress Committee to the Board of Trustees and the President. The report will be given to Dr.
Lee Todd for his consideration for use in the furtherance of the research program at the
University of Kentucky. He asked Mr. Miles for his comments and to introduce Mr. John Hall.
Mr. Miles stated that upon receiving the mandate to achieve top-20 research status, the
University looked for an outstanding group of people that could compare the University to what
is going on at the other universities that are top-20. He expressed his appreciation and thanks to
Mr. Hall for the work that he and the committee have done in bringing this report together. He
asked Mr. Hall to introduce the committee and then make the report, following which he
received a round of applause from the Board members.
Mr. Hall expressed his appreciation to Mr. Miles and President Wethington for the
opportunity to address the Board. He acknowledged the members of the Committee who put
numerous hours of work into this report; Dr. Fitzgerald B. Bramwell, Vice President for
Research and Graduate Studies at the University of Kentucky; Barbara Ford, Vice President of
Human Resources at Tech Republic in Louisville; Mr. E. Edward Glasscock, co-managing
partner of Frost, Brown, and Todd; Mr. Henry Jackson, President, Jackson Plastic, Inc.; Mr. Billy
Joe Miles, Chairman of the University of Kentucky Board of Trustees; Mr. Stephen S. Reed,
esquire, Vice Chairman, UK Board of Trustees; Dr. Wimberly Royster, Vice President of the
Kentucky Science and Technology Corporation; and Dr. Lee Todd, who is president-elect of the
University of Kentucky and Senior Vice President of Lotus Development Corporation. He also
acknowledged the advisory members; Dr. Gordon Davies, President of the Council on
Postsecondary Education; Dr. Joseph Fink, Assistant Vice President for Research and Graduate
Studies; and Dr. James Ramsey, State Budget Director. He added that while Dr. Wethington was
not on the committee, he could not have been more cooperative. Dr. Wethington attended all of
the meetings and gave the Committee access to any individual or any information they requested.
Mr. Hall expressed his appreciation to Mr. Paul Chellgren for his help with transportation and
printing services as well as the services of Ms. Margaret Thompson to write the final report and
presentation.
3 -
Mr. Hall gave the following presentation.
Partnership in Research Progress
Committee
Report and Recommendations
Presented by John R. Hall
Committee Chairman
April 3, 2001
Committee Members
* Dr. Fitzgerald B. Bramwell
- Vice President, Research & Graduate Studies, UK
* Ms. Barbara Ford
- Vice President, Human Resources, TechRepublic
* Mr. C. Edward Glasscock
- Co-Managing Partner, Frost Brown Todd, LLC
* Mr. Henry Jackson
- President. Jackson Plastics, Inc.
* Mr. Billy Joe Miles
- Chairman, Board of Trustees, UK
* Mr. Steven S. Reed, Esq.
- Vice Chairman. Board of Trustees, UK
* Dr. Wimberly C. Royster
- Vice President, Kentucky Science & Technology Corporation
* Dr. Lee T. Todd, Jr.
- Senior Vice President, Lotus Development Corporation and President-Elect,
UK
-
- 4 -
Advisory Members
* Dr. Gordon K. Davies
- President, Council on Postsecondary Education
* Dr. Joseph L. Ftnk III
- Assistant Vice President, Research & Graduate Studies
* Dr. James R. Ramsey
- State Budget Director
Special thanks:
* Dr. Charles Wethington, President, University of Kentucky
* Mr. Paul Cheligren, Chairman & CEO, Ashland Inc. & UK Trustee
* Margaret Thomson
- Director, Shareholder & Employee Communications, Ashland Inc.
Background
* Need to further improve Kentucky economy and
move toward a knowledge-based economy
* Recognition of UK's key role in building a
stronger economy
* Desire to capitalize on and expand UK research
capacity by increasing external funding and
income from intellectual property
* Opportunity to benefit from improving state
research and innovation climate
Committee Charge
* Appointed June 2000 to assist UK in:
- Developing strategies to obtain more federal
research dollars
- Fostering collaborative research partnerships
- Developing the economy through
commercialization of University research
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Work Plan
0
0
Listen to constituents
Exchange ideas
* Network with colleagues
* Review literature
Listen to Constituents
* Council on Postsecondary Education
* State Budget Office
* Lexington United
* Lexington Chamber of Commerce
* Louisville business leaders
* UK officials
Exchange Ideas
* Seminar with 150 participants
- Role of the Research University in the New Economy
* Speakers
- Dr. James Ramsey reviewed Kentucky's economy,
characteristics of the New Economy, recent actions
by state government to improve the climate for
economic development:
Postsecondary reform, Research Challenge Trust
Fund, Kentucky Innovation Act, Rural Innovation
Fund
E
- 6 -
Exchange Ideas
* Seminar speakers
- Dr. Lee Todd described his experience as a
professor turned entrepreneur, the search for
venture capital, and 10 lessons learned
- Dr. Michael Crow detailed the new climate for
innovation, the role of intellectual property in
driving change, and the Columbia innovation
model
- Dr. Ed Cohen and Dr. Dan Wermeling presented a
case study on the development of nasal inhalation
therapy for delivering medication
Exchange Ideas
* Seminar speakers
- Dr. James Gray challenged the audience to think
about the intersection of ideas, the importance of
place, and the new style of leadership required for
the New Economy
- Mr. Edward Glasscock led a stimulating panel
discussion that explored our strengths, our
opportunities to improve and how we might
succeed
Work Plan
* Network with colleagues
- University of Florida
- University of Georgia
- North Carolina State University
- Purdue University
- Texas A&M University
- Virginia Polytechnic Institute & State University
- University of Wisconsin
* Review literature
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1999 R&D Expenditures
At All Universities by Source of Funds
Total: $27.5 billion
7%
20%
I
Source: National Science Foundation
Federal Expenditures by Agency
At 100 Largest Research Universities
1999 Total: $15.6 billion
4%
11%- 6% 3%
\- _ -.
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Source: National Science Foundation
1999 Rankings
All Research Universities
Rank Institution
1 Johns Hopkins University
2 University of Michigan
3 University of Washington
4 UCLA
5 University of Wisconsin
49 University of Kentucky
50 Virginia Tech
56 University of Tenn. System
Source: National Science Foundation
Total R&D expenditures
$875 million
509 million
483 million
478 million
463 million
174 million
169 million
159 million
I
- 8 -
1999 Rankings
Public Research Universities
Rank
1
2
3
4
5
32
33
37
Institution
University of Michigan
University of Washington
UCLA
University of Wisconsin
UC - San Diego
University of Kentucky
Virginia Tech
University of Tenn. System
Total R&D expenditures
$509 million
483 million
478 million
463 million
462 million
174 million
169 million
159 million
Source: National Science Foundation
UK 1999 Rankings
* Among all research universities and colleges,
UK ranks:
- 49th in total R&D expenditures
- 76th in federal R&D expenditures
- 49th in state R&D expenditures
- 34th in industry R&D expenditures
- 12th in institutional R&D expenditures
Source: National Science Foundation
Licensing Income
and Patents Issued
1998 Gross license
Rank Institution income
(In millions)
1 Univ. Calif. System $79.8
2 Columbia University 66.0
3 Stanford University 61.2
4 Florida State Univ. 46.6
5 Yale University 33.3
9 Univ. of Florida 19.1
38 University of Kentucky 2.4
56 Univ. of Tenn. System 1.3
60 Virginia Tech 1.1
Source: Association of University Technology Managers
Patents
Issued
242
35
86
15
24
51
18
34
18
-9-
Income Distribution
University License income distribution
Florida 25% PI, 10% Program,
10% Dept.,10% School
45% Research Fdtn.
Georgia 25% PI, 10% Program,
10% Dept., 55%
Research Fdtn.
NC State 25% PI, 75%
University
Purdue 33% PI, 33% Dept.,
33% Research Fdtn.
Recovered IDC Allocation
100% research
22% research, 78%
university
Not available
Not available
Income Distribution
University License income distribution
Texas A&M 42.5% PI, 425% College,
15% university
Virginia Tech 30% state; 13% capital fund
for research space; 47% to
College, Dept., PI; 10%
research division
Wisconsin 20% PI, 70% Program, 10%
research foundation
Recovered IDC Allocation
85% research; 15%
university general
fund
Not available
4550% university
general fund
Economic Development Process
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- 10-
University of Florida
* $304 million in total R&D expenditures
* Well-funded, aggressive, successful program. Strong
state expenditures (No. 4 in nation)
* Income distribution and indirect costs recovery
policies direct substantial portion to research while
still rewarding PI
* Maintains Washington office which led to $15 million
in additional grants in '00
* Private research park 12 miles from campus
* UF owns one building which houses biotechnology
business incubator
University of Georgia
* $237 million in total R&D expenditures, with no
engineering or medical school
* Aggressive, growing program
* Key strength: Technology Transfer Office very
proactive with business community to match
research with backers
* No research park
* Business incubator downtown for dot-coms
* Industry research allowed on campus for a space
allocation fee
North Carolina State
* $271 million in total R&D expenditures
* Well-organized growing program
* Part of Duke-UNC-NC State research triangle
* Tremendous research park/incubator
facilities on Centennial Campus
* State & local and institutional funding exceed
federal funding
- 11 -
Purdue
* $226 million in total R&D expenditures
* Research space limited, affecting faculty
recruitment
* Benefits from 21st Century Fund, $50 million
state fund used to stimulate academic-
industry and academic-academic linkages to
fund research in technology-focused areas
Texas A&M
* $402 million in total R&D expenditures
* Considered by community to be the No. 1
economic development asset in the area
* Well-funded, drawing on a $14.5 million pool
of venture capital
* $25-30 million a year from statewide
university fund financed by oil revenues
* Very well-organized processes
Virginia Tech
* $169 million in total R&D expenditures
* Similar to UK in expenditures
* Virginia Tech Intellectual Properties, Inc.
assists with raising funds
* Economic development officer is the doorway
to research-business matches
* Provides venture capital for university-
related start-up companies
- 12 -
University of Wisconsin
* $463 million in total R&D expenditures in
1999
* Very well-organized, well-funded program
* Wisconsin Alumni Research Fund
- Private foundation
- Provides $30 million annually to university
- $5 million a year to research dean for special
projects
- $900,000 /year in seed money
Factors in Success:
Best Practices
* Strong entrepreneurial spirit
* Outstanding faculty
- Some superstars
- Retention fund against "raids"
* Excellent facilities and grad students
* Strong marketing/entrepreneurial
development office
* Strong Washington presence
* Clear focus
Factors in Success:
Best Practices
* Patent & licensing program
- Faculty sharing
- Income plowed back into research
* Adequate incubator facilities
* Access to seed and venture capital
* Consistent state government programs
* Strong technology transfer
* Strong linkages with academics
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Recommendations
* Foster collaborative research partnerships
- Create marketing/entrepreneurial development
office
- Consolidate and possibly co-locate all efforts of
offices that support research
- Emphasize close cooperation between development
arm and research enterprise
- Create an advisory board of research and venture
capital alumni to advise on how best to utilize
Coldstream Research Park
Recommendations
* Foster collaborative research partnerships
- Investigate separate foundation to hold intellectual
properties
- Streamline processes for technology transfer
- Establish a fund to attract and retain outstanding
faculty
- Monitor Business-Higher Education Forum and
possibly adopt its best-practice recommendations
- Focus research on areas of key strength
Recommendations
* Develop the economy through technology
commercialization
- Encourage state pension fund and University
endowment fund to ultimately invest 2% of total
capital to venture capital investments
- Develop coordinated effort with other public and
private entities to increase available venture
capital
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Recommendations
* Develop the economy through technology
cor mme rcialization
- Cooperate with University of Louisville, regional
universities, business and industry, state
government agencies to identify and emphasize
appropriate research niches
- Communicate to state government the need to
continue an aggressive program of research
support, particularly in regard to funding
additional distinguished faculty
Recommendations
* Secure additional federal funding
- Establish full-time Washington presence
- Convene summit meeting of Kentucky
Congressional delegation, University presidents
and others to create strategy to maximize federal
research dollars
- Establish mechanisms to assure researchers are
fully aware of all grant opportunities
Summary
* Goal to be Top 20 research university worthy,
ambitious, challenging
* Reaching goal will require time and near
doubling of current research funding
* Best strategy may be to:
- Improve process of moving discoveries to market
- Increase amount of external funds
- 15 -
Mr. Hall concluded that the goal to be a top-20 research university is worthy, ambitious,
and challenging. In order to achieve that status, the University will be required to double its
current research funds. He noted that the University currently has a good foundation upon which
to build, including $174 million in current research, good research facilities, good business
incubator in ASTeCC, research niches, and a lot of distinguished professors. He added that UK
also needs continued support from the state and local government as well as an increased
emphasis on research, better utilization of resources, and the adoption of the recommendations of
this report to succeed in dramatically increasing the research program.
Mr. Hall received a round of applause from the members of the Board.
F. Personnel Actions (PR 2)
President Wethington recommended that approval be given to the appointments, actions
and/or other staff changes which require Board action; and that the report relative to
appointments and/or changes already approved by the administration be accepted. He noted that
through the approval of PR 2, the Board would be acting upon the academic appointment of Dr.
Lee T. Todd, Jr. as well as the retirement of Dr. Daniel R. Reedy after 34 years of service. Mr.
Reed moved approval. The motion, seconded by Mr. Williams, carried. (See PR 2 at the end of
the Minutes.)
Mr. Guthrie commented on his pleasure of knowing and working with Dr. Reedy for the
past five years. He commended him on all of the work he has done for the University and the
Board of Trustees, especially with the Presidential Search Committee.
Ms. Wickliffe commented on how much Dr. Reedy has meant to the Board of Trustees
and to the Presidential Search Committee. She thanked him for all of his hard work over the
years.
Summary
* UK has strong research position
- Research park
- Business incubator
- Research niches
- Distinguished professors
* UK can succeed given:
- Continued state and local government support
- Increased emphasis on research
- Innovative utilization of resources
- Adopting recommendations
- 16 -
Ms. Plattner commented on Dr. Reedy's presence, authority and dignity as well as his
sense of humor. She added that his sense of statesmanship would remain at the table of the
Board of Trustees.
G. University Research Professorships (PR 3A)
President Wethington stated that PR 3A is a recommendation that the Board of Trustees
approve the naming of Professors Chi-Sing Man, Department of Mathematics, Robert Perry,
Department of Microbiology and Immunology, John R. Thelin, Department of Educational
Policy Studies and Evaluation, and Thomas Widiger, Department of Psychology, as University
Research Professors for 2001-2002. He added that these are one-year appointments with the
purpose of enhancing and encouraging scholarly research productivity, providing an opportunity
for concentrated research effort for selected faculty members, and recognizing research
achievement by members of the faculty. President Wethington said he was pleased to
recommend PR 3A for approval. Dr. Reedy moved approval. The motion, seconded by Mr.
Shoop, passed. (See PR 3A at the end of the Minutes.)
President Wethington asked the four men to stand to be recognized. Professors Chi Sing
Man, Robert Perry, John Thelin, and Thomas Widiger received a round of applause from the
members of the Board.
H. Naming University Building - The Dorotha Smith Oatts Visitor Center (PR 3B)
President Wethington stated that PR 3B is a recommendation that the Board of Trustees
approve the naming of the University of Kentucky-Lexington Fayette Urban County
Government Arboretum Visitor Center as The Dorotha Smith Oatts Visitor Center. He added
that Ms. Oatts is a graduate of the University of Kentucky and that in 1999 she pledged $200,000
as a challenge match for construction of the visitor's center. To date, the University has received
more than $360,000 in matching gifts for the construction of this building. The ground-breaking
ceremony is scheduled for April 10, 2001. President Wethington said he was pleased to
recommend PR 3B for approval. On motion made by Ms. Sparks, seconded by Ms. Edge and
carried, PR 3B was approved. (See PR 3B at the end of the Minutes.)
President Wethington asked Ms. Oatts to stand and be recognized, following
which she received a round of applause.
I. Naming University Building - Peter P. Bosomworth Health Sciences Research
Building (PR 3C)
President Wethington stated that PR 3C is a recommendation that the Board of Trustees
approve the naming of the Health Sciences Research Building as the Peter P. Bosomworth
Health Sciences Research Building. He noted that Dr. Bosomworth came to the UK Medical
Center in 1962 as the first chair of the Department of Anesthesiology. He served from 1970 to
1982 as Vice President of the Medical Center and from 1982-1994 as Chancellor of the Medical
Center. President Wethington added that the Chancellor of the Medical Center and the
Committee on Naming University Buildings support this recommendation. He said he was
pleased to recommend PR 3C for approval. Dr. Reedy moved approval. The motion, seconded
by Ms. Sims, carried. (See PR 3C at the end of the Minutes.)
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J. Honorary Degree Recipients (PR 3D)
President Wethington stated that PR 3D is a recommendation that approval be granted to
awarding the honorary degree of Doctor of Science to Peter Palliser Bosomworth, the Doctor of
Letters to Linda Challis Gill, and the Doctor of Humanities to Frank X Walker. He added that
the Committee on Honorary Degrees, the Graduate Faculty and the University Senate expressed
their approval of the recommendation. President Wethington said he was pleased to recommend
PR 3D for approval. Ms. Edge moved approval. Mr. Williams seconded the motion, and it
carried. (See PR 3D at the end of the Minutes.)
K. Lexington Community College Mission. Vision and Values Statement (PR 5A)
President Wethington stated that PR 5A is a recommendation that the Board of Trustees
approve the Lexington Community College mission, vision and values statement. He added that
LCC is a separately accredited institution from the university and that it is currently going
through its self-study process, which requires an up-to-date mission, vision and values statement.
President Wethington said he was pleased to recommend PR 5A for approval. On motion made
by Ms. Sims, seconded by Mr. Shoop and carried, PR 5A was approved. (See PR 5A at the end
of the Minutes.)
L. Acceptance of Interim Financial Report for the University of Kentucky for the
Eight Months Ended February 28, 2001 (FCR 1)
Mr. Chellgren, Chairperson of the Finance Committee, stated that the Finance Committee
met earlier in the day and had a relatively short agenda. He stated that FCR 1 is the traditional
review and acceptance of the interim financial report through February 28, 2001. He noted that
the University continues to be in very strong financial shape from both a revenue and
expenditure standpoint. He added that at the end of February the endowment of the University
had a value of $434.6 million. Mr. Chellgren moved approval. Ms. Sparks seconded the motion,
and it carried. (See FCR 1 at the end of the Minutes.)
M. Report of Leases (FCR 2)
Mr. Chellgren noted that FCR 2 is a report of two leases; a renewal in Frankfort and a
new lease in Harlan County. He added that both are under $30,000 and are very conventional.
He moved approval of FCR 2. His motion, seconded by Mr. Reed, passed. (See FCR 2 at the
end of the Minutes.)
N. 2000-01 Budget Revisions (FCR 3)
Mr. Chellgren stated that FCR 3 is a revision to the 2000-2001 academic year budget. He
added that the most material item was an adjustment increase in income from the University
Hospital, nearly $30 million, and offsetting matched expenditures of about $29.7 million. He
noted that this increase is from additional patient services, additional recovery from Medicare, a
change in the timing of Medicaid share payments, and an increase in the Intensity Operating
Allowance payments from Medicare. He moved approval of FCR 3. Mr. Reed seconded the
motion, and it carried. (See FCR 3 at the end of the Minutes.)
- 18-
0. Consent Agenda (FCR 4-10)
Mr. Chellgren stated that the following items would be voted upon as a consent agenda:
FCR 4 - a gift of $12,000 and a pledge of $58,000 from an anonymous donor to create
the Bruce A. Lucas, M.D. Endowment for Urologic Research in the College of
Medicine's Division of Urology;
FCR 5 - a gift of $15,000 and a pledge of $50,000 from Drs. Barbara and James
Holsinger to be added to the Holsinger Professorship in Anatomy, an endowed
professorship in the College of Medicine;
FCR 6 - a merger of the Professorship in Urology and the James F. Glenn, M.D.
Endowed Professorship and Chair in Urology into a single initiative entitled
the James F. Glenn, M.D. Endowed Chair in Urology;
FCR 7 - a gift of $22,997 and a pledge of $27,003 from Jerry G. and Patricia K. Rose to
establish and endow the CSX Transportation Graduate Fellowship Fund in the
Department of Civil Engineering in the College of Engineering;
FCR 8 - gifts of $47,712 and a pledge of $4,000 from the College of Medicine alumni
to create a scholarship endowment for the College of Medicine;
FCR 9- a gift of $20,000 and a pledge of $80,000 from National City Bank of
Lexington, Kentucky, for planning a new building at Lexington Community
College;
FCR 10 - a pledge of $100,000 from Vaughn & Melton Consulting Engineers, Inc. to
create and endow the Vaughn & Melton Consulting Engineers Graduate
Fellowship in the Department of Civil Engineering in the College of
Engineering.
Mr. Chellgren moved approval. The motion, seconded by Governor Breathitt, passed.
(See FCR 4-10 at the end of the Minutes.)
P. Incentive Retirement Plan for the Department of Chemical and Materials
Engineering (FCR 1 1)
Mr. Chellgren stated that FCR 11 is to create the authority to have a one-time Incentive
Retirement Plan for the Department of Chemical and