Jefferson County
December 10, 2012 6:50 PM
Jefferson County School District Finance Corporation
I. Call to Order
Rationale

JEFFERSON COUNTY SCHOOL DISTRICT FINANCE CORPORATION

Called Meeting of the Board of Directors
DECEMBER 10, 2012

This called meeting of the Board of Directors of the Jefferson County School District Finance Corporation was called to order on Monday, December 10, 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
Rationale

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

Recommended Motion

President Donna Hargens recommends that the minutes of the meeting of the Board of Directors, which was held on November 26, 2012, as presented, be and are hereby ratified and approved, and shall be entered into the minutes 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 November 26, 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
Rationale

This action is necessary in order to effect the issuance of the Corporation’s School Building Revenue Refunding Bonds, Series 2013B (the “Series 2013B Bonds” or the “Bonds”). 

The current interest rate on the outstanding bonds to be refunded by the Series 2013B Bonds ranges from 4.250 percent to 5.000 percent. 

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.

Recommended Motion

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

Actions Taken

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. Larry Hujo and a second by Mrs. Carol Ann Haddad.

IV. Other Business
V. Adjournment
Recommended Motion

A motion to adjourn the December 10, 2012, meeting of the Jefferson County School District Finance Corporation

Actions Taken

Motion Passed:  A motion to adjourn the December 10, 2012, meeting of the Jefferson County School District Finance Corporation passed with a motion by Mrs. Debbie Wesslund and a second by Mrs. Linda Duncan.