I.
Call to Order
JEFFERSON COUNTY SCHOOL DISTRICT FINANCE CORPORATION
Called Meeting of the Board of Directors
November 26, 2012
This called meeting of the Board of Directors of the Jefferson County School District Finance Corporation was called to order on Monday, November 26, 2012, at the VanHoose Education Center, 3332 Newburg Road, Louisville, Kentucky 40218 at 6:50 p.m.
II.
Approval of Minutes of Previous Meeting of Board of Directors
This action is necessary for the orderly operation of the Corporation.
President Donna Hargens recommends that the minutes of the meeting of the Board of Directors, which was held on September 10, 2012, as presented, be and are hereby ratified and approved, and shall be entered into the minutes book of the Corporation.
Motion Passed: President Donna Hargens recommends that the minutes of the meeting of the Board of Directors, which was held on September 10, 2012, as presented, be and are hereby ratified and approved, and shall be entered into the minutes 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
This action is necessary in order to effect the issuance of the Corporation’s School Building Revenue Refunding Bonds, Series 2013A (the “Series 2013A Bonds” or the “Bonds”).
The current interest rate on the outstanding bonds to be refunded by the Series 2013A Bonds ranges from 4.000% to 4.375%.
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.
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 Ms. Diane Porter and a second by Mrs. Linda Duncan.
IV.
Other Business
V.
Adjournment
A motion to adjourn the November 26, 2012, meeting of the Jefferson County School District Finance Corporation
Motion Passed: A motion to adjourn the November 26, 2012, meeting of the Jefferson County School District Finance Corporation at 6:55 p.m. passed with a motion by Mr. Stephen Imhoff and a second by Mrs. Carol Ann Haddad.
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