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I.
Call to Order
Audio: 3 9 2015 Finance Corp Meeting
This called meeting of the Board of Directors of the Jefferson County School District Finance Corporation was called to order on Monday, March 9, 2015, at the VanHoose Education Center, 3332 Newburg Road, Louisville, Kentucky 40218 at 6:45 p.m.
Submitted by: Rosemary Miller
II.
Approval of Minutes of Previous Meeting of Board of Directors
This action is necessary for the orderly operation of the Corporation.
Submitted by: Rosemary Miller
Attachment
President Donna Hargens recommends that the minutes of the Board of Directors, which was held on July 28, 2014, as presented, be and hereby are ratified and approved, and shall be entered into the minute book of the Corporation.
Motion Passed: President Donna Hargens recommends that the minutes of the Board of Directors, which was held on July 28, 2014, as presented, be and hereby are ratified and approved, and shall be entered into the minute book of the Corporation. The recommendation passed with a motion by Mr. Chuck Haddaway and a second by Mr. David Jones.
III.
Elections
This action is necessary for the orderly operation of the Corporation.
Submitted by: Rosemary Miller
President Donna Hargens recommends that the following persons be elected to serve in the offices of the Corporation described below, effective immediately and until their successors are elected and have qualified. President: Donna M. Hargens; Vice President: David A. Jones, Jr.; Secretary: Diane Porter; Director: Chris Brady; Director: Linda Duncan; Director: Chuck Haddaway; Director: Stephanie Horne; Director: Dr. Lisa Willner; Treasurer: J. Cordelia Hardin; Assistant Treasurer: Edward D. Muns.
Motion Passed: President Donna Hargens recommends that the following persons be elected to serve in the offices of the Corporation described below, effective immediately and until their successors are elected and have qualified. President: Donna M. Hargens; Vice President: David A. Jones, Jr.; Secretary: Diane Porter; Director: Chris Brady; Director: Linda Duncan; Director: Chuck Haddaway; Director: Stephanie Horne; Director: Dr. Lisa Willner; Treasurer: J. Cordelia Hardin; Assistant Treasurer: Edward D. Muns. The recommendation passed with a motion by Mr. David Jones and a second by Mr. Chuck Haddaway.
IV.
Acceptance of Report from Strothman and Company, P.S.C., on Audit of Financial Statements
This action is necessary for the orderly operation of the Corporation.
Submitted by: Rosemary Miller
Attachment
President Donna Hargens recommends that the "Report of Audit of Financial Statements" for the most recent fiscal year of the Corporation, which report has been prepared by Strothman and Company, P.S.C., independent certified public accountants and has been presented to the Board of Directors, be accepted.
Motion Passed: President Donna Hargens recommends that the "Report of Audit of Financial Statements" for the most recent fiscal year of the Corporation, which report has been prepared by Strothman and Company, P.S.C., independent certified public accountants and has been presented to the Board of Directors, be accepted. The recommendation passed with a motion by Mr. David Jones and a second by Ms. Diane Porter.
V.
Bond Issue Approvals and Authorizations
This action is necessary in order to effect the issuance of the Corporation's (i) School Building Revenue Bonds, Series 2015A (the "Series 2015A Bonds") and (ii) School Building Revenue Refunding Bonds, Series 2015B (the "Series 2015B Bonds" and together with the Series 2015A Bonds, the "Bonds").
The current interest rate on the outstanding bonds to be refunded by the Series 2015B Bonds ranges from 4.00% to 4.750%. The refunding bonds authorized by the attached Resolutions are expected to capture substantial savings available at the current market's lower long-term interest rates.
Submitted by: Rosemary Miller
Attachments
President Donna Hargens recommends that the Board of Directors approve the attached Bond Issue Approvals and Authorizations.
Motion Passed: President Donna Hargens recommends that the Board of Directors approve the attached Bond Issue Approvals and Authorizations. The recommendation passed with a motion by Mr. Chuck Haddaway and a second by Mr. David Jones.
VI.
Other Business
VII.
Adjournment
A motion to adjourn the March 9, 2015, special meeting of the Jefferson County School District Finance Corporation.
Motion Passed: A motion to adjourn the March 9, 2015, special meeting of the Jefferson County School District Finance Corporation passed with a motion by Ms. Diane Porter and a second by Mr. David Jones.
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