Jefferson County
July 26, 2016 6:45 PM
Jefferson County School District Finance Corp
I. Call to Order
Rationale

7 26 2016 Finance Corp Meeting

This called meeting of the Board of Directors of the Jefferson County School District Finance Corporation was called to order on Tuesday, July 26, 2016, 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 May 24, 2016, 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 May 24, 2016, as presented, be and are hereby ratified and approved, and shall be entered into the minute book of the Corporation passed with a motion by Mr. David Jones and a second by Mr. Chris Brady.

III. Bond Issue Approvals and Authorizations
Rationale

This action is necessary in order to effect the issuance of the Corporation’s School Building Revenue Refunding Bonds, Series 2016B (the “Series 2016B Bonds” or the “Bonds”).  The current interest rate on the outstanding bonds to be refunded by the Series 2016B Bonds ranges between 3.250 to 4.100%.  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.  The Kentucky School Facilities Construction Commission has agreed to pay 100% of the annual principal and interest requirements for the Series 2016B Bonds.

Submitted by: Tom Hudson

Attachment

Attachments
Recommended Motion

President Donna Hargens recommends the Board of Directors approve the attached Bond Issue Approvals and Authorizations.

Actions Taken

Motion Passed:  President Donna Hargens recommends the Board of Directors approve the attached Bond Issue Approvals and Authorizations passed with a motion by Mrs. Linda Duncan and a second by Mr. David Jones.

IV. Other Business
Rationale

No other business.

V. Adjournment
Actions Taken

Motion Passed:  A motion to adjourn the July 26, 2016, 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.