Minutes of the Board of Trustees of the University of Kentucky, Tuesday, December 13, 201 1. The Board of Trustees ofthe University of Kentuckty met at 8:45 a.m. (Lexington time) on Tuesday, December 13, 2011 in the Board Room on the 18 Floor of Patterson Office Tower. A. Meeting Opened Dr. Britt Brockman, chair of the Board of Trustees, called the meeting to order at 8:45 a.m. and asked Ms. Sandy Patterson, secretary ofthe Board, to call the roll. B. Roll Call The following members of the Board of Trustees answered the call of the roll: C. B. Akins, Sr., William C. Britton, E. Britt Brockman (chair), Sheila Brothers, Jo Hern Curris, William S. Farish, Jr., Micah Fielden, Oliver Keith Gannon, Carol Martin "Bill” Gatton, Pamela T. May, Billy Joe Miles, Teny Mobley, Sandy Bugie Patterson, Joe Peek, Erwin Roberts, Charles R. Sachatello, James W. Stuckert, and Barbara Young. C. Frank Shoop and Irina Voro were absent from the meeting. Ms. Patterson announced that a quorum was present. The University administration was represented by President Eli Capilouto, Executive Vice President for Finance and Administration Frank Butler, Executive Vice President for Health Affairs Michael Karpf; and General Counsel Barbara W. Jones. The University faculty was represented by Chair ofthe University Senate Council Hollie Swanson, and the University staff was represented by Chair ofthe Staff Senate Mike Adams. Members ofthe various news media were also in attendance. C. Closed Session Dr. Brockman said the Board of Trustees would go into closed session, and the closed session was pertinent to the Finance Committee’s deliberations. He stated that the Board would go into closed session for two purposes: 1. to deliberate on the future acquisition or sale of real property. An open discussion ofthe future acquisition or sale of the real property would be likely to affect the value ofthe property, and 2. to conduct discussions with a representative of a business entity conceming a specific proposal. Open discussions would jeopardize the siting, retention, expansion, or upgrading ofthe business entity. Dr. Brockman moved that the Board go into closed session pursuant to KRS 61.810 (1) (b) and 61.810 (1) (g). These statutory citations are the exceptions in the open meetings law that pennit the Board to go into closed session to deliberate on the future acquisition or sale of real property by a public agency, but only when publicity would be likely to affect the value of a specific piece of