Jefferson County
February 22, 2010 6:50 PM
Jefferson County School District Finance Corporation
I. Call to Order
II. Approval of Minutes of Previous Meeting of Board of Directors
Rationale

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

Recommended Motion

President Berman recommends that the minutes of the meeting of the Board of Directors, which was held on August 10, 2009, as presented, be and hereby are ratified and approved, and shall be entered into the minute book of the Corporation.

Actions Taken

Order #1247 - Motion Passed:  President Berman recommends that the minutes of the meeting of the Board of Directors, which was held on August 10, 2010, 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. Larry Hujo and a second by Mrs. Carol Ann Haddad.

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. The current interest rate on the outstanding bonds to be refunded ranges from 4.5 percent to 5.0 percent. The refunding bonds authorized by the attached ResolutionsĀ are expected to capture substantial savingsĀ available at the current market's lower long-term interest rates.

Recommended Motion

President Berman recommends that the Board of Directors approve the attached Bond Issue Approvals and Authorizations. The recommendation

Actions Taken

Order #1248 - Motion Passed:  President Berman recommends that the Board of Directors approve the attached Bond Issue Approvals and Authorizations. The recommendation passed with a motion by Mr. Stephen Imhoff and a second by Mrs. Carol Ann Haddad.

IV. Other Business
V. Adjournment
Rationale

The meeting was adjourned at 6:55 p.m.

Recommended Motion

A recommendation to adjourn the February 22, 2010, meeting of the Jefferson County School District Finance Corporation

Actions Taken

Order #1249 - Motion Passed:  A recommendation to adjourn the February 22, 2010, meeting of the Jefferson County School District Finance Corporation passed with a motion by Mrs. Carol Ann Haddad and a second by Mrs. Debbie Wesslund.