Approval of Resolution – Old Federal Building.

Kentucky State University (KSU) owns the Old Federal Building and Post Office (the “Building”) located at 305 Wapping Street, Frankfort, Kentucky. The Building is subject to a Deed of Preservation and Conservation that obligates KSU to preserve “the Building and Improvements in substantially the same or better structural condition and the state of repair as that existing on the effective date of the easement.” KSU lacks the funding necessary to meet this obligation and, therefore, seeks board approval to dispose of or sell this Building pursuant to KRS 164A.575 (8).

This action will eliminate KSU's continuing obligation to maintain this Building.

Interim President Ronald A. Johnson recommends that the Kentucky State University Board of Regents approve the disposal or sale of this surplus property.

Approve the disposal or sale of surplus property.