Jefferson County
August 24, 2015 6:50 PM
Jefferson County School District Finance Corporation
I. Call to Order
Rationale

Audio: 8 24 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, August 24, 2015, at the VanHoose Education Center, 3332 Newburg Road, Louisville, Kentucky 40218 at 6:45 p.m.

Attachments
II. Approval of Minutes of Previous Meeting of Board of Directors
Rationale

This action is necessary for the orderly operation of the Corporation.

Submitted by: President Donna Hargens

Recommended Motion

President Donna Hargens recommends that the minutes of the meeting of the Board of Directors, which was held on March 9, 2015, as presented, be and are hereby ratified and approved, and shall be entered into the minute book of the Corporation.

Actions Taken

Motion Passed:  President Donna Hargens recommends that the minutes of the meeting of the Board of Directors, which was held on March 9, 2015, as presented, be and are hereby ratified and approved, and shall be entered into the minute book of the Corporation. The recommendation passed with a motion by Mr. David Jones and a second by Mr. Chuck Haddaway.

III. Approval of Real Estate Purchase and Sale Agreement Between The Corporation and Southpointe Partners, LLC
Rationale

The proposed agreement will involve the conveyance to Southpointe Partners, LLC of approximately three acres of property at the Bates site having a fair market value of approximately $49,000.00 to facilitate Southpointe's development of the adjoining property for commercial purposes.

In consideration of the conveyance, Southpointe will perform construction work having an estimated value of at least $400,000 that will result in Bates Elementary School having a separate bus and staff entrance into the front of the school, via a traffic light, and a separate parent/guardian entrance to a new road that Southpointe is installing at the rear of the Bates site.

Submitted by: President Donna Hargens

Attachments
Recommended Motion

President Donna Hargens recommends that the Board of Directors approve the attached Real Estate Purchase and Sale Agreement between The Corporation and Southpointe Partners, LLC involving the conveyance of certain property at Bates Elementary School to Southpointe Partners LLC and construction work by Southpointe benefitting Bates Elementary School.

Actions Taken

Motion Passed:  President Donna Hargens recommends that the Board of Directors approve the attached Real Estate Purchase and Sale Agreement between The Corporation and Southpointe Partners, LLC involving the conveyance of certain property at Bates Elementary School to Southpointe Partners LLC and construction work by Southpointe benefitting Bates Elementary School. The recommendation passed with a motion by Ms. Diane Porter and a second by Mr. David Jones.

IV. Other Business
V. Adjournment
Recommended Motion

A motion to adjourn the August 24, 2015, special meeting of the Jefferson County School District Finance Corporation

Actions Taken

Motion Passed:  A motion to adjourn the August 24, 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.