KENTUCKY STATE UNIVERSITY BOARD OF REGENTS
USDA approval after KSU Board of Regent approval. The properties are currently being appraised. We request permission to purchase the following properties:
| County | Acreage | Description | Estimated Cost |
|---|
| Franklin | 107 | Agricultural land and woodlands | $900,000.00 |
|---|
| | Or | |
|---|
| Jackson | 1050 | Made of 8 tracts; may not purchase all 8 | $900,000.00 |
|---|
| | And | |
|---|
| Grayson | 172 | Forested | $674,240.00 |
|---|
| Warren | 100 | Forested with some open habitat | $392,000.00 |
|---|
| Laurel | 88 | Mix of forested and open habitat. | $344,960.00 |
|---|
| | | |
| | Total not exceeding | $2,311,200.00 |
|---|
USDA Research Grant funds would be used to purchase research properties not to exceed the amount of $2,311,200. USDA grant funds for this project must be committed by September 30, 2022. Purchases would follow after Board of Regents and USDA approval.
Interim President Ronald A. Johnson recommends that the Kentucky State University Board of Regents approve the properties purchases.
Approve the purchase of the identified properties.