A RESOLUTION OF THE BOARD OF DIRECTORS OF THE FT. THOMAS IND. SCHOOL DISTRICT FINANCE CORPORATION, RELATING TO AND PROVIDING FOR THE ISSUANCE OF $1,220,000 PRINCIPAL AMOUNT (WHICH MAY BE INCREASED OR DECREASED BY THE AMOUNT OF $120,000) OF SCHOOL BUILDING REVENUE BONDS, SERIES 2008 IN ACCORDANCE WITH SECTIONS 162.120 THROUGH 162.300 AND 162.385 OF THE KENTUCKY REVISED STATUTES, TO PROVIDE FUNDS FOR SCHOOL BUILDING PURPOSES; PROVIDING AND DETERMINING THE DUTY OF THE CORPORATION IN CONNECTION WITH THE OPERATION OF THE SCHOOL PROPERTY AND THE CREATION OF FUNDS SUFFICIENT TO PAY THE PRINCIPAL OF AND INTEREST ON THE BONDS AS AND WHEN THEY MATURE AND THE CREATION OF AN ADEQUATE MAINTENANCE AND INSURANCE FUND; AND AUTHORIZING THE EXECUTION OF LEASE AND OTHER INSTRUMENTS WITH RESPECT TO SUCH PROPERTY WITH THE BOARD OF EDUCATION OF THE FT. THOMAS IND. SCHOOL DISTRICT.

Order #224 - Motion Passed:  Adoption of a resolution of the Board of Directors of the Fort Thomas Independent School District Finance Corporation, relating to and providing for the issuance of $1,575,000 principal amount (which may be increased or decreased by the amount of $155,000) of school building revenue bonds, Series 2008 in accordance with Sections 162.120 through 162.300 and 162.385 of the Kentucky Revised Statutes, to provide funds for school building pruposes; providing and determining the duty of the corporation in connection with the operation of the school property and the creation of funds sufficient to pay the principal of and interest on the bonds as and when they mature and the creation of an adequate maintenance and insurance fund; and authorizing the execution of lease and other instruments with respect to such property with the Board of Education of the Fort Thomas Independent School District passed with a motion by Ms. Nancy Baker and a second by Mr. Bradley Fennell.

Order #223 - Motion Passed:  The decision to recess the meeting until December 27, 2007 at 6:00 p.m. passed with a motion by Mr. Scott Johnson and a second by Mr. Charles Thompson.

Order #230 - Motion Passed:  The decision to adjourn the meeting at 6:07p.m. passed with a motion by Mr. Bradley Fennell and a second by Ms. Nancy Baker.