xt7qrf5kb003 https://exploreuk.uky.edu/dips/xt7qrf5kb003/data/mets.xml Lexington, Kentucky University of Kentucky 19960330 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, 1996-03-april30. text Minutes of the University of Kentucky Board of Trustees, 1996-03-april30. 1996 2011 true xt7qrf5kb003 section xt7qrf5kb003 





                                             AGENDA

                                  Meeting of the Board of Trustees
                                       University of Kentucky
                                              1:00 PM.
                                           April 30, 1996
Invocation

Roll Call

Approval of Minutes

Schedule for Meetings of Board of Trustees

President's Report and Action Items

PR 1    President's Report to the Trustees

PR 2    Personnel Actions

PR 3    Central Administration
        A. Phased Retirement Policy and Program

PR 4    Community College System
        A. Candidates for Degrees - Community College System

PR 5    Lexington Campus
        A. Candidates for Degrees - University System

PR 6    Medical Center
        A. Agreement Between University of Kentucky and Kentucky Medical Services Foundation

Finance Committee

1.    Interim Financial Report
2.     Disposal of Surplus Property
3.     Report of Leases
4.     Approval of Leases
5.     Capital Construction Report
6.     1995-96 Budget Revisions
7.     Confirmation of 1996-97 Tuition Schedule
8.    Mandatory Registration Fee Schedule - 1996-97
9.     Room and Board Rates for the 1996-97 School Year
10.    Room and Board Rates for the Lees College Campus of Hazard
             Community College for the 1996-97 School Year
11.    Patent Assignment - Research and Graduate Studies
12.    Patent Assignment - Research and Graduate Studies
13.    Patent Assignment - Research and Graduate Studies




 








14.    Mr. and Mrs. C. Thomas Dempewolf and Dempewolf, Inc. Gift and Pledge
15.     Mrs. Maxwell H. Gluck Gift
16.     Tracy Farmer Gift of Property
17.     Pike County College Education Foundation, Inc. Gift of Property
18.     Coldstream Research Campus Ground Lease - Studio Plus Properties, Inc.
19.     Coldstream Research Campus Ground Lease - Lexington Suite Hotel LLC
20.     Coldstream Research Campus Ground Lease - Kentucky Technology, Inc.
21.     Resolution of the Board of Trustees of University of Kentucky Accepting the Successful Bid
             for the Purchase of $2,140,000 (Plus or Minus up to $215,000) Principal Amount of University
             of Kentucky Housing and Dining System Revenue Bonds, Series P, Dated April 1, 1996




 







      Minutes of the Meeting of the Board of Trustees of the University of
Kentucky, Tuesday, April 30, 1996.

      The Board of Trustees of the University of Kentucky met at 1:00 p.m.
(Lexington time) on Tuesday, April 30, 1996 in the Board Room on the 18th floor
of Patterson Office Tower.

      A.    Meeting Qpened

      Dr. Robert Meriwether, Vice Chairperson, presided in the absence of
Chairperson Edward T. Breathitt and called the meeting to order at 1:12 p.m. The
invocation was pronounced by Mr. Martin Welenken.

      B.   Ro1l Call

      The following members of the Board of Trustees answered the call of the roll:
Mr. Ted Bates, Mrs. Kay Shropshire Bell, Mr. Shea Chaney, Mr. Paul W. Chellgren,
Mr. Robert N. Clay, Mr. Merwin Grayson, Mr. James F. Hardymon, Professor Loys L.
Mather, Dr. Robert P. Meriwether, Mr. Billy Joe Miles, Professor Jim Miller, Dr.
Elissa Plattner, Professor Deborah Powell, Mr. Steven S. Reed, Mr. C. Frank Shoop,
Mrs. Marian Moore Sims, Mrs. Lois C. Weinberg, Mr. Martin Welenken, and Mr.
Billy B. Wilcoxson. Absent from the meeting was Governor Edward T. Breathitt.
The University administration was represented by President Charles T. Wethington,
Jr.; Chancellors Ben W. Carr, James W. Holsinger, and Elisabeth Zinser; Vice
Presidents Joseph T. Burch, Fitzgerald Bramwell, Edward A. Carter, and Eugene
Williams; Robert Lawson, Assistant to the President for Administrative Affairs;
George DeBin, Assistant to the President for Fiscal Affairs; Dr. Juanita Fleming,
Special Assistant for Academic Affairs; Mr. C. M. Newton, 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 1:15 p.m.

      C.    Approval of Minutes

      Dr. Meriwether said that the Minutes of the Board meeting on April 2, 1996
had been distributed and entertained a motion of approval. Mrs. Sims moved that
the Minutes be approved as distributed. Mr. Shoop seconded the motion, and it
carried.

      D.   Meeting Dates

      Dr. Meriwether called attention to the 1996-97 Schedule for Meetings of the
Board of Trustees, noting the mandated meetings.




 




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     E.    President's Report to the Board of Trustees (PR 1)

     President Wethington called attention to the following items in PR 1:

     1. John R. Hall, who is retiring this year after 15 years as Chairman of the
         Board and Chief Executive Officer of Ashland, Inc., will be the speaker at
         Commencement on Sunday, May 5, in Memorial Coliseum.

     2. Evan Reynolds of Lexington was named the Outstanding Graduating
        Male, and Virginia Leigh Cunningham of Hopkinsville was named the
        Outstanding Graduating Female at the annual Student Honors and
        Recognition Awards Program.

     3. Sixty-three percent of fourth-year UK College of Medicine students
        participating in the National Residency Matching Program received their
        first choice of a residency program in the United States.

     4. The Business and Industry Technical Assistance Center at Madisonville
         Community College has received a $66,000 grant from the Center for
         Entrepreneurial Leadership in California.

      5. Thomas A. Auxier, L. Berkley Davis Sr., and Gerald "Gerry" L. Nichols
        have been inducted into the UK College of Engineering's Hall of
        Distinction.

      6. The UK College of Education has been re-accredited by the National
         Council for Accreditation of Teacher Education through the year 2000.

      7. The Health Communication program in the College of Communications
         and Information Studies, Department of Communication, has been
         ranked 11th in the nation in a study conducted by the Speech
         Communication Association.

      8. The UK Alumni Association has chosen five professors as its 1996 Great
         Teachers: Dibakar Bhattacharyya, Chemical Engineering; Laurie M.
         Lawrence, Animal Science; Martin J. McMahon, Jr., Law; William J.
         Loftus, Prestonsburg Community College; and Mehale Zalampas, Jefferson
         Community College-Southwest.

      President Wethington asked the members to read the other items in the
report at their leisure.

      As a part of the President's Report, President Wethington said that there
would be a report from the College of Communications and Information Studies on
Health Communication Initiative. He introduced Douglas A. Boyd, Dean of the
College of Communications and Information Studies, Roy Moore, Associate Dean
for Graduate Studies in the College, and Jim Applegate, Chairperson of the
Department of Communication.




 





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      He said that the Health Communication report would be presented by Nancy
Grant Harrington, Assistant Professor in the Department of Communication.
Professor Harrington is a native of Cincinnati. She earned her Ph.D. from the
College of Communications and Information Studies in 1992 and is Deputy
Scientific Director of the Center for Prevention Research on the Lexington Campus.

      Professor Harrington said that she was pleased to report on the Health
Communication Initiative. She said that over a decade ago the College made a
conscientious decision to make a commitment to Health Communication,
recognizing that this is an area where the University can make a strong
contribution. She briefly reviewed how this initiative has developed over the years
and illustrated the value that it brings to the University and the State of Kentucky.

      She said that the Health Communication program is bringing national
recognition to the University. The program is helping to enhance the relationship
between the Lexington Campus and the Medical Center. It is a program that is
dedicated to excellence in teaching, research, and service.

      Professor Harrington briefly reviewed the background information about the
College of Communications and Information Studies. She reported that the College
is made up of three units: Department of Communication, School of Journalism
and Telecommunications, and School of Library and Information Science. The
College also has Graduate Studies in Communication. As of the Fall of 1995, there
were 41 faculty, 709 undergraduate students, and 269 graduate students.

      Professor Harrington said that communication is a critical skill in today's
society. The field of communication focuses on how people use messages to
generate meaning within and across contexts, cultures, channels, and media. People
who teach communication promote the ethical and effective use of communication
messages. Some of the communication skills include basic public speaking,
interpersonal relationships, organizational effectiveness, and media literacy.

      She said that Health Communication is an area of study concerned with
human communication in the health promotion and disease prevention process.
Health Communication researchers investigate the way people seek, process, and
disseminate health information and are interested in the various factors that
influence attitudes, behaviors and medical outcomes. They consider the multiple
levels of communication, from interpersonal to mass media as well as cultural,
ethnic, racial, and gender influences.

      Professor Harrington stated that there are a variety of career opportunities for
students who emphasize Health Communication in their program of study. She
provided a few examples of the kinds of positions that people might get after
graduation and noted that these careers are in settings in hospitals and clinics,
educational institutions, private foundations, and government agencies.

      She reported that the program attracts top graduate students from across the
nation. The program ranked 11th and 13th in applied research programs in a recent




 





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national reputational study. She noted that the Health Communication bi-annual
conference also brings national recognition to the University and said that the
conference is jointly sponsored by the Medical Center when held in Lexington.

      She mentioned some of the other exciting initiatives to enhance the program:
the Health Communication Committee, the telemedicine project, community
service, and the graduate and faculty research.

      In conclusion, she reiterated that the Health Communication Initiative is
bringing national recognition to the University of Kentucky. It is helping to
enhance the relationship between the Lexington Campus and the Medical Center
and is allowing the faculty to be dedicated to excellence in teaching, research, and
service in the Health Communication area. This is an initiative that is addressing
issues relevant to the health and well-being of all Kentuckians.

      President Wethington expressed appreciation to Professor Harrington, Dean
Boyd and his staff for attending the meeting and providing the information about
their college and their program.

      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. Professor Mather moved approval. His motion,
seconded by Mr. Miles, carried. (See PR 2 at the end of the Minutes.)

      G.    Phased Retirement Policy and Program (PR 3A)

      President Wethington said that PR 3A is a proposal for a Phased Retirement
Policy and Program. He asked Professor Lawson to brief the Board on PR 3A.

      Professor Lawson said that the idea of a phased retirement program for
tenured faculty members has existed for three or four years. More than a year ago,
the Administration began to examine with some care phased retirement programs
of other universities. The Administration also gathered factual data about the
University's faculty (ages, length of service, etc.) to see if such a program might be
suitable for the University of Kentucky. PR 3A evolved from these efforts.

      He explained that the basic purpose of the policy and program is to provide a
means by which faculty members can move into retirement gradually rather than
abruptly. The program is entirely voluntary. Eligibility is achieved by completing 15
years of service at the University and by reaching the University's normal
retirement age of 65. Eligible faculty will have a one-year period in which to choose
phased retirement; a faculty member who fails to take phased retirement within this
period will have no opportunity to elect phased retirement in the future. Phased
retirement is not a faculty "right" under the program. It must be requested, receive




 





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recommendations from appropriate academic administrators and chancellors, and
ultimately must be approved by the President.

      Professor Lawson said that the principal terms and conditions of the program
are that faculty members would reduce their work load by 50% and would accept a
salary reduction of 50%. In addition, the University's contribution to retirement
would be reduced by 50% for faculty electing the program, and vacation leave (for
faculty entitled to such) would also be reduced by 50%. Faculty electing the program
would have reduced employment for no more than three years, at which time full
retirement would be required. The specific terms and conditions of a phased
retirement program would be set forth in a written agreement between the
University and the faculty member electing the program, an agreement that would
have a waiver by the faculty member of all rights under the age discrimination law.

      The policy and program have been reviewed by various campus groups,
administrators and faculty, and have their support.

      On motion made by Mr. Shoop, seconded by Mr. Chellgren and carried, PR 3A
was approved. (See PR 3A at the end of the Minutes.)

      H.    Candidates for Degrees - Community College System (PR 4A)

      President Wethington recommended that the degrees specified in
PR 4A be awarded to the persons named, upon certification that the requirements
for those degrees have been satisfactorily completed. Professor Miller moved
approval. His motion, seconded by Mr. Welenken, passed. (See PR 4A at the end of
the Minutes.)

      I.    Candidates for Degrees - University System (PR 5A)

      President Wethington said that PR 5A is a recommendation that the
President be authorized to confer upon each individual whose name appears on the
attached list the degree to which he or she is entitled upon certification by the
University Registrar that the individual has satisfactorily completed all
requirements for the degree for which application has been made and as approved
by the University Senate. Mr. Chaney moved approval. The motion, seconded by
Mr. Chellgren, carried. (See PR 5A at the end of the Minutes.)

      J.    Agreement Between University of Kentucky and Kentucky Medical
Services Foundation (PR 6A)

      President Wethington said that PR 6A is the annual agreement between the
University of Kentucky and Kentucky Medical Services Foundation. He asked
Professor Lawson to comment on the proposed changes in PR 6A.

      Professor Lawson said that this agreement is executed annually between the
University of Kentucky and the Kentucky Medical Services Foundation (KMSF).
This Foundation essentially administers and performs certain functions under the




 





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University's physicians practice plan in the Medical Center, mostly billing and
collecting fees for services and dispersing those funds in accordance with the practice
plan which the Board adopted back in 1978. The agreement in PR 6A is in substance
the same as the agreement that the Board executed last year. There are always a few
changes, such as the dates of the agreement and slight changes in the language of the
agreement.

      He noted that there is one change that needs some explanation. It is in
Section 5 of the agreement and is well described in the background statement of PR
6A. It involves a change in the treatment and classification of payments made to
the University by the Foundation to restore costs incurred by the University in the
generation of clinical income. Previously, these payments have been classified as
"reimbursement of costs." Under the new version, payments to restore such costs
will be separated for accounting purposes into two categories: (1) costs directly
incurred in the clinics and (2) costs indirectly incurred in the clinical departments of
the College of Medicine. In addition, for account and budgetary purposes, the'
payments will be made to the University by the Foundation as "unrestricted grants"
(rather than as reimbursement of costs). This change of approach more accurately
describes the nature of the University's recovery of costs and, in addition, will put
the University in a slightly more favorable position to recover some of these costs
from research grants and contracts.

      Except for this change in Section 5, the agreement recommended by PR 6A is
essentially the same in substance as the one approved by the Board last year.

      President Wethington said that he was pleased to recommend that the Board
approve the agreement between the University and KMSF. Mrs. Sims moved
approval. Mr. Welenken seconded the motion, and it carried. (See PR 6A at the end
of the Minutes.)

      K.    Acceptance of Interim Financial Report for the University of Kentucky
for the Nine Months Ended March 31. 1996 (FCR 1)

      Dr. Meriwether reported that the Finance Committee met and considered 21
items in a lengthy meeting. He asked Chairperson James Hardymon for the Finance
Committee Report.

      Mr. Hardymon said that FCR 1 is a recommendation that the Board accept
the University of Kentucky consolidated financial report for the nine months ended
March 31, 1996. He reviewed the realized income, expenditures, and commitments
and stated that the report is on track. On motion made by Mr. Hardymon, seconded
by Mr. Shoop and carried, FCR 1 was approved. (See FCR 1 at the end of the
Minutes.)

      L.    Disposal of Surplus Property (FCR 2)

      Mr. Hardymon said that FCR 2 is a recommendation that the Board approve
the disposal of surplus property as described in Attachment I. The HPS 1440 CT




 




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Scanner listed in Attachment I has reached the end of its useful life, and the
Committee recommends approval. He moved approval of FCR 2. His motion,
seconded by Mr. Welenken, passed. (See FCR 2 at the end of the Minutes.)

      M.    Report of Leases (FCR 3)

      Mr. Hardymon stated that there are 18 leases in FCR 3. He said that the lease
agreements are for renewals of leases. The square footage costs for the leases are
normal, and the leases are for the same rates as seen in the past. He moved
approval of FCR 3. Mr. Miles seconded the motion, and it carried. (See FCR 3 at the
end of the Minutes.)

      N.    Approval of Leases (FCR 4)

      Mr. Hardymon moved that the Board accept the lease agreements in
accordance with Board policy. He provided the square footage of the leases and
noted that a couple of the leases were smaller in value. He moved approval of FCR
4. Mr. Shoop seconded the motion, and it passed. (See FCR 4 at the end of the
Minutes.)

      0.   Capital Construction Report (FCR 5)

      Mr. Hardymon said that FCR 5 is the quarterly Capital Construction Report.
This provides a report on each project under the capital category that has had
activity within the last quarter. The Committee is pleased with the thoroughness of
the Report. It gives the Committee a chance to look at all of the projects quickly and
get a thorough grasp of them. He noted that the contracts percent of completion has
been added in the back section under the construction contracts. This request was
made at the time of the last quarterly report. He moved approval of the FCR 5. His
motion, seconded by Mr. Welenken, carried. (See FCR 6 at the end of the Minutes.)

      P.    1995-96 Budget Revisions (FCR 6)

      Mr. Hardymon commented on the budget revisions, noting the additional
revenue from the community education programs in the Community College
System, the increase in sales and service due to the increase in parking fees, and the
additional patient care revenue from outpatients. He moved approval of FCR 6.
Mr. Grayson seconded the motion, and it passed. (See FCR 6 at the end of the
Minutes.)

      Q.    Confirmation of 1996-97 Tuition Schedule (FCR 7)

      Mr. Hardymon said that FCR 7 recommends that the Board confirm changes
in the tuition schedule as adopted by the Council on Higher Education and establish
corresponding part-time and summer school charges under the guidelines of the
Council on Higher Education. He reviewed the Tuition Schedule, noting that the
undergraduate and graduate tuition increased 3.5% to 4.0%. He moved approval of




 





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FCR 7. Mrs. Bell seconded the motion, and it carried. (See FCR 7 at the end of the
Minutes.)

      R.   Mandatory Registration Fee Schedule - 1996-97 (FCR 8)

      Mr. Hardymon said that FCR 8 is the Mandatory Registration Fee Schedule
for 1996-97. The recommended schedule includes a one dollar increase in the
University System and at Lexington Community College and Prestonsburg
Community College over the 1995-96 mandatory fee schedule. The increase is to
support increased operating expenses for the Student Health Service. He said that
the recommended schedule also includes the implementation of a forty dollar per
semester student fee for the thirteen community colleges outside Lexington. He
said that it is important to point out that the presidents, faculty, staff and student
government leaders at each of the colleges have endorsed the implementation of
this fee. These funds will be used primarily to maintain the competitive level of
technology for use of computers for instructional technology. Mr. Hardymon
moved approval of FCR 8. Mr. Wilcoxson seconded the motion, and it passed. (See
FCR 8 at the end of the Minutes.)

      S.    Room and Board Rates 1996-97 School Year (FCR 9)

      Mr. Hardymon moved that the Room and Board Rates for University
Housing for the 1996-97 school year be adjusted as proposed in FCR 9. He reviewed
the rates and noted the increase of 3.7% for housing and 3.0% for food. His motion,
seconded by Mr. Chellgren, carried. (See FCR 9 at the end of the Minutes.)

      T.    Room and Board Rates for the Lees College Campus of Hazard
Community College for the 1996-97 School Year (FCR 10)

      Mr. Hardymon moved that the Room and Board Rates for the Lees College
Campus of Hazard Community College for the 1996-97 School Year be approved.
The University will begin operations of Lees College Campus on July 1, 1996. The
recommended room and board rates are required to cover wages and operating
expenses for housing and dining accommodations on the campus. Mrs. Sims
seconded the motion, and it passed. (See FCR 10 at the end of the Minutes.)

     U.    Patent Assignment (FCR 11)

     Mr. Hardymon said that it is the Board's duty to authorize the President to
execute an assignment on behalf of the Board to the University of Kentucky
Research Foundation. Bradley Hill and Gordon Hyde have invented certain
improvements in Apparatus and Method of Balloon Occlusion Angiography that
will provide a better image within the heart. He moved approval of FCR 11. His
motion, seconded by Mr. Grayson, carried. (See FCR 11 at the end of the Minutes.)




 





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      V.   Patent Assignment (FCR 12)

      Mr. Hardymon said that FCR 12 is a patent assignment that involves
improvements in Method of Discrete Orthogonal Basis Restoration. This invention
provides a method for utilizing discrete orthogonal basis to restore signal systems,
such as radio or sound waves and/or image systems such as photographs or medical
images that become distorted while becoming acquired, transmitted and/or
received. He moved approval of FCR 12. Mr. Reed seconded the motion, and it
passed. (See FCR'12 at the end of the Minutes.)

      W.   Patent Assignment (FCR 13)

      Mr. Hardymon said that FCR 13 involves certain improvements in
Permeable, Non-irritating Prodrugs of Nonsteroidal, Anti-Inflammatory Agents.
This patent application provides nonsteroidal or steroidal and other prodrugs and a
method of use thereof. He moved approval of FCR 13. Mr. Shoop seconded the
motion, and it carried. (See FCR 13 at the end of the Minutes.)

      X.   Mr. and Mrs. C. Thomas Dempewolf and Dempewolf. Inc. Gift and
Pledge (FCR 14)

      Mr. Hardymon said that FCR 14 recommends that the Board accept a gift of
$50,000 and a pledge of $50,000 from Mr. and Mrs. C. Thomas Dempewolf and
Dempewolf, Inc. of Henderson, Kentucky, to Henderson Community College's
Partners in Progress Campaign for a scholarship fund and a technology center. The
$50,000 pledge will be paid in five annual installments of $10,000. He noted that
Thomas and Rita Dempewolf are graduates of the University of Kentucky. He
moved approval of FCR 14. His motion, seconded by Mr. Reed, passed. (See FCR 14
at the end of the Minutes.)

      Y.   Mrs. Maxwell H. Gluck Gift (FCR 15)

      Mr. Hardymon said that FCR 15 recommends that the Board accept a gift of
$505,062 by Mrs. Maxwell H. Gluck of Los Angeles, California, to the Gluck
Fellowship in Veterinary Science in the College of Agriculture's Department of
Veterinary Science. Mrs. Gluck established the Gluck Fellowship in Veterinary
Science in July of 1986. The fellowship was established with a challenge grant of $3
million to build the Gluck Equine Research Center. This gift is to be added to the
$125,215 currently in the Gluck Fellowship endowment. The Fellowship is awarded
on need and academic achievement. He moved approval of FCR 15. Mr. Welenken
seconded the motion, and it passed. (See FCR 15 at the end of the Minutes.)

     Z.   Tracy Farmer Gift of Property (FCR 16)

     Mr. Hardymon said that FCR 16 involves a gift of real property located at 200
West Pike Street, Cynthiana, Kentucky, from Tracy Farmer. Mr. Farmer is a former
member of the Board of Trustees. He reported that the property was appraised at
$375,000, and the use of the property will be for general educational purposes. He




 






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moved approval of FCR 16. Mr. Miles seconded the motion, and it carried. (See
FCR 16 at the end of the Minutes.)

      AA. Pike County College Education Foundation. Inc. Gift of Property (FCR
17)

      Mr. Hardymon said that FCR 17 is to accept a gift of real property located at 408
Main Street, Pikeville, Kentucky, from the Pike County College Education
Foundation, Inc., Pikeville, Kentucky. The property has been appraised at $307,000.
The building consist of 6,800 square feet and sits on .160 acres of land. The
University has been leasing the building for use by Prestonsburg Community
College as office/classroom space. He moved approval of FCR 17. Mr. Shoop
seconded the motion, and it passed. (See FCR 17 at the end of the Minutes.)

      BB. Coldstream Research Campus Ground Lease - Studio Plus Hotels. Inc.
(FCR 18)

      Mr. Hardymon said that FCR 18, 19, and 20 are ground leases that involve the
Coldstream Research Campus. The recommendation is that the Administration be
authorized to negotiate and execute a ground lease between the University and
Studio Plus for lot 13 for the purpose of developing a corporate office building and
an extended stay hotel. Studio Plus owns and operates 25 extended stay hotels
located in 16 cities and 8 states throughout the Midwest and Southeast. Mr.
Hardymon reviewed the key terms of the ground lease and moved approval of FCR
18. Mr. Grayson seconded the motion, and it carried. (See FCR 18 at the end of the
Minutes.)

      CC. Coldstream Research Campus Ground Lease - Lexington Suite Hotel
LLC (FCR 19)

      Mr. Hardymon said that FCR 19 is another recommendation for a ground
lease between the University and Lexington Suite Hotel for lot 11 of the Coldstream
Research Campus for the purpose of developing a full service hotel. In March of
1995 the University issued a Request for Proposal (RFP) soliciting proposals from
qualified, financially sound, and responsible firms and individuals to lease land
from the University for the development of a hotel with conference facilities on the
University's Coldstream Research Campus. As a result of the RFP process,
Winegardner and Hammons, Inc. were selected as the company with whom the
University would negotiate for the development of a hotel. This is a professional
hotel management company, and has been in business since 1966. The company
owns and manages over 50 hotel properties around the United States. He noted the
general terms of the ground lease and moved approval of FCR 19. His motion,
seconded by Mrs. Weinberg, passed. (See FCR 19 at the end of the Minutes.)




 





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      DD. Coldstream Research Campus Ground Lease - Kentucky Technology,
Inc. (FCR 20)

      Mr. Hardymon said that FCR 20 recommends that the Administration be
authorized to execute a ground lease between the University and Kentucky
Technology Inc. for lots 17 and 18 of the Coldstream Research Campus for the
purpose of developing the Kentucky Technology Center, a multi-building, multi-
tenant complex. He reviewed the key terms of the ground lease and moved
approval. Mr. Reed seconded the motion, and it passed. (See FCR 20 at the end of
the Minutes.)

      EE.   Resolution of the Board of Trustees of University of Kentucky
Accepting the Successful Bid for the Purchase of $2.140 000 (Plus or Minus up to
$215.000) Principal Amount of University of Kentucky Housing and Dining System
Revenue Bonds, Series P. Dated April 1. 1996 (FCR 21)

      Mr. Hardymon said that this is a follow up to the approval that the Board
gave the administration at the last meeting to solicit bids for the purchase of
$2,140,000 of housing and dining system revenue bonds. The objective at that time
was to look at the proposal, discuss the refurbishment and facilities involved, and
the type of refurbishment. He reported that there were seven bids received and
tabulated. The bids varied from a low of 5.3647% to a high of 5.6475%. J.J.B. Hilliard,
W.L. Lyons, Inc. was the low bid. On motion made by Mr. Hardymon, seconded by
Mrs. Weinberg and carried, FCR 21 was approved. (See FCR 21 at the end of the
Minutes.)

      FF.   Other Comments

      Dr. Meriwether reported that Professor Loys Mather has been elected to the
Board for a second term beginning July 1, 1996. He congratulated Professor Mather
and said that he looked forward to working with him.

      GG. Meeting Adjourned

      There being no further business to come before the Board, Dr. Meriwether
adjourned the meeting at 2:16 p.m.

                                         Respectfully submitted,



                                         Lois C. Weinberg
                                         Secretary
                                         Board of Trustees

(PR 2,3A, 4A, 5A, and 6A; FCR 1, 2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,
20, and 21 which follow are official parts of the Minutes of the meeting.)




 









           SCHEDULE FOR MEETINGS OF BOARD OF TRUSTEES
                                 1996-97




The following dates have been established for meetings of the Board of Trustees
for the 1996-97 fiscal year:


                             August 20, 1996

                             *September 17, 1996

                             October 22,1996

                             *December 10, 1996

                             January 21, 1997

                             March 4, 1997