Breathitt County
June 09, 2021 12:15 PM
Breathitt County School District Finance Corporation 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 the resolution for school building revenue bonds.
Actions Taken

Order #371 - Motion Passed:  Based upon the recommendation of Superintendent Phillip Watts,A resolution of the Board of Directors of the Breathitt county school district finance corporation, relating to and providing for the issuance of $1,070,000 principal amount (subject to a permitted adjustment of $105,000) 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 the execution of tax compliance 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 Mr. Albert Little and a second by Mrs. Rebecca Watkins.

III. Adjournment
Actions Taken

Order #372 - Motion Passed:  There being no further business of the Board, adjournment at 12:15p.m, passed with a motion by Mr. John Hollan and a second by Ms. Anna Morris.