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            "text": "ACTION ITEM 3Avii",
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            "text": "KENTUCKY STATE UNIVERSITY BOARD OF REGENTS",
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            "text": "Approval of preliminary Budget for the Renovation of Hillcrest Manor."
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            "text": "The Board of Regents has requested a preliminary budget to accomplish minor renovations to Hillcrest Manor to repair areas that have been damaged, renovate areas to be more usable, upgrade the finishes and replace outdated furnishings to allow this building to return to a comfortably habitable condition."
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            "text": "BUDGETARY IMPLICATIONS:",
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            "text": "This renovation has been estimated to cost in the neighborhood of between $190,000 - $225,000, depending on the market conditions at the time of bidding. This estimated budget should be valid for a period of 6-8 months."
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            "text": "RECOMMENDATION:",
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            "text": "Dr. Koffi C. Akakpo recommends the Board of Regents approve the budget expense to complete the upgrades and renovations necessary to return this once glorious structure to a comfortably habitable condition suitable to host Alumni and dignitaries."
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            "text": "Approve the use of Auxiliary Income for the renovation of Hillcrest Manor of up to $225,000."
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