Lincoln County
January 18, 2022 5:30 PM
Lincoln County School District Finance Corporation Meeting
1. Welcome & Call to Order
2. Confirm Officers
3. Consider Resolution
Rationale

LINCOLN COUNTY SCHOOL DIST. FINANCE CORPORATION RESOLUTION

A RESOLUTION OF THE BOARD OF DIRECTORS OF THE LINCOLN COUNTY SCHOOL

DISTRICT FINANCE CORPORATION, RELATING TO AND PROVIDING FOR THE

ISSUANCE OF $615,000 PRINCIPAL AMOUNT (SUBJECT TO A PERMITTED ADJUSTMENT

OF $60,000) OF SCHOOL BUILDING REVENUE BONDS IN ACCORDANCE WITH

SECTIONS 58.180 AND 162.120 THROUGH 162.290 AND 162.385 OF THE KENTUCKY

REVISED STATUTES TO PROVIDE FUNDS FOR SCHOOL BUILDING PURPOSES,

PROVIDING AND DETERMINING THE DUTY OF SAID CORPORATION IN CONNECTION

WITH THE OPERATION OF THE SCHOOL PROPERTY, THE CREATION OF FUNDS

SUFFICIENT TO PAY THE PRINCIPAL OF AND INTEREST ON SAID REVENUE BONDS AS

AND WHEN THEY MATURE, THE CREATION OF ADEQUATE MAINTENANCE AND

INSURANCE FUNDS, AND AUTHORIZING THE EXECUTION OF A LEASE OF SUCH

FOREGOING PROPERTY TO THE BOARD OF EDUCATION OF THE LINCOLN COUNTY

SCHOOL DISTRICT.

4. Adjourn