Breathitt County
October 22, 2019 4:45 PM
Breathitt County Finance Corporation Special Board Meeting
I. Call to Order/Roll Call
Discussion

The special meeting of the Breathitt County Board of Education was called to order by Chairperson Ruschelle Hamilton at

II. Consider approval of confirming officers.
Actions Taken

Order #347 - Motion Passed:  Based upon the recommendation of Superintendent Phillip Watts, approval of confirming officers, passed with a motion by Mrs. Rebecca Watkins and a second by Mr. Albert Little.

III. Consider approval of the resolution for revenue bonds.
Attachments
Actions Taken

Order #348 - Motion Passed:  Based upon the recommendation of Superintendent Phillip Watts, approval of a RESOLUTION OF THE BOARD OF DIRECTORS OF THE BREATHITT COUNTY SCHOOL DISTRICT FINANCE CORPORATION, RELATING TO AND PROVIDING FOR THE ISSUANCE OF $1,230,000 PRINCIPAL AMOUNT (SUBJECT TO A PERMITTED ADJUSTMENT OF $123,000) OF SPECIAL OBLIGATION BONDS (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, AUTHORIZING AND APPROVING THE EXECUTION OF CONTINUING DISCLOSURE PROCEDURES, AND AUTHORIZING THE EXECUTION OF A LEASE OF SUCH FOREGOING PROPERTY TO THE BOARD OF EDUCATION OF THE BREATHITT COUNTY SCHOOL DISTRICT. passed with a motion by Mrs. Rebecca Watkins and a second by Mr. Albert Little.

IV. Adjournment
Actions Taken

Order #349 - Motion Passed:  There being no further business of the Board, adjournment at 4:50p.m., passed with a motion by Mrs. Rebecca Watkins and a second by Mr. Albert Little.