Motion Passed:  Action to approve bids as noted below for the Foster Heights addition/renovation was passed with a motion by Mr. Adam Wheatley and a second by Mr. Larry Pate.

Motion Passed:  Action to approve the revised BG-1 form for the Foster Heights addition/renovation project was passed with a motion by Mr. Damon Jackey and a second by Mr. Nicky Rapier.

NELSON COUNTY BOARD OF EDUCATION RESOLUTION

RESOLUTION OF THE BOARD OF EDUCATION OF THE NELSON COUNTY SCHOOL DISTRICT; CONFIRMING THE ACCEPTANCE OF AN OFFER OF ASSISTANCE FROM THE KENTUCKY SCHOOL FACILITIES CONSTRUCTION COMMISSION; AUTHORIZING AND APPROVING THE EXECUTION OF A PARTICIPATION AGREEMENT WITH SAID COMMISSION; AUTHORIZING AND APPROVING THE EXECUTION OF A CONTRACT, LEASE AND OPTION WITH THE NELSON COUNTY SCHOOL DISTRICT FINANCE CORPORATION AND ANY FURTHER NECESSARY INSTRUMENTS; APPROVING CERTAIN ARCHITECTS' PLANS FOR THE CONSTRUCTION OF A CERTAIN SCHOOL BUILDING PROJECT; AND APPROVING THE PLAN OF FINANCING THE COST OF SAID PROJECT.

Motion Passed:  Action to adopt the following resolution regarding the issuance of revenue bonds was passed with a motion by Mr. Nicky Rapier and a second by Mr. Adam Wheatley.

Motion Passed:  Action to adjourn the Special Session of the Nelson County Board of Education was passed with a motion by Mr. Damon Jackey and a second by Mr. Larry Pate.

Motion Passed:  Action to convene a session of the Nelson County School District Finance Corporation was passed with a motion by Mr. Adam Wheatley and a second by Mr. Nicky Rapier.

Motion Passed:  Action to confirm the officers of the Nelson County School District Finance Corporation as follows was passed with a motion by Mr. Damon Jackey and a second by Mr. Larry Pate.

NELSON COUNTY SCHOOL DISTRICT FINANCE CORPORATION  RESOLUTION

A RESOLUTION OF THE BOARD OF DIRECTORS OF THE NELSON COUNTY SCHOOL DISTRICT FINANCE CORPORATION, RELATING TO AND PROVIDING FOR THE ISSUANCE OF $8,250,000 PRINCIPAL AMOUNT (SUBJECT TO A PERMITTED ADJUSTMENT OF $825,000) 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 NELSON COUNTY SCHOOL DISTRICT.

Motion Passed:  Action to adopt the resolution regarding the issuance of revenue bonds was passed passed with a motion by Mr. Larry Pate and a second by Mr. Adam Wheatley.

Motion Passed:  Action to adjourn the meeting of the Nelson County School District Finance Corporation was passed with a motion by Mr. Nicky Rapier and a second by Mr. Damon Jackey.