Jefferson County
May 13, 2013 6:50 PM
Jefferson County School District Finance Corporation
I. Call to Order
Rationale

This called meeting of the Board of Directors of the Jefferson County School District Finance Corporation was called to order on Monday, May 13, 2013, at the VanHoose Education Center, 3332 Newburg Road, Louisville, Kentucky 40218 at 6:50 p.m.

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

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

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Recommended Motion

President Donna Hargens recommends that the minutes of the meeting of the Board of Directors which was held on February 11, 2013, as presented, be and are hereby ratified and approved, and shall be entered into the minute book of the Corporation.

III. Approval of Electrical Easement at Minors Lane Elementary School
Rationale

In response to a formal request from the Louisville Gas & Electric Company, Jefferson County Public School District staff members have reviewed the proposed easement request and recommend that the easement be granted. The easement is to construct and maintain electrical lines.

Approval of this recommendation will authorize President Donna Hargens to sign the necessary agreements to implement the easement request.

Submitted by: Cordelia Hardin

Attachment

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Recommended Motion

President Donna Hargens recommends that the Board of Directors grant an electrical easement, as shown on the attached plat, to the Louisville Gas & Electric Co., for Minors Lane Elementary School, 8510 Minors Lane, Louisville Kentucky 40219. The recommendation

IV. Approval of Easement Agreement for Stonestreet Elementary School
Rationale

The sidewalk will provide public access for students between Northridge Drive and Stonestreet Elementary School, located at 10007 Stonestreet Road.

Submitted by: Cordelia Hardin

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Recommended Motion

President Donna Hargens recommends that the Board of Directors approve the attached easement agreement between Oliva Rentals, LLC, Louisville and Jefferson County Metropolitan Sewer District, and the Commonwealth of Kentucky for a sidewalk at Stonestreet Elementary School.

V. Approval of Memorandum of Agreement with Louisville and Jefferson County Metropolitan Sewer District (MSD) Pertaining to a Green Infrastructure Project at Fairdale High School
Rationale

The Louisville and Jefferson County Metropolitan Sewer District (MSD) is providing financial incentives to the Board of Education to construct sustainable storm water management practices at Fairdale High School (FHS) through MSD’s Green Infrastructure Incentives and Savings Program.  As the project is designed and developed, activities will be identified in which the contractor will coordinate with the Heavy Equipment Magnet Program at FHS to involve students in the implementation of the project. 

Under the Memorandum of Agreement, MSD will reimburse the Board up to $440,000 of its costs to design and construct the green infrastructure.  The total cost to design and construct the green infrastructure shall not exceed, and the Board shall not be required to expend, more than $440,000 under the Agreement. 

The Agreement provides that, contingent upon approved credit application, MSD shall apply up to a 25 percent discount to the Drainage Service Charge levied upon the portion of the property serviced by the green infrastructure, which discount will be applied throughout the 10-year term of the Agreement.

Approval of this Memorandum of Agreement by the Finance Corporation, as the owner of the FHS property, by and through its Board of Directors, is recommended, subject to and conditioned upon approval of the Agreement by Board of Education.
 
Submitted by: Michael Raisor

Attachment

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Recommended Motion

President Donna Hargens recommends that the Board of Directors approve the attached Memorandum of Agreement pertaining to a green infrastructure at Fairdale High School, subject to and conditioned upon approval of the Agreement by the Board of Education. The recommendation

VI. Resolutions To Authorize Corporation President to Execute Easements, Rights-of-Way, Licenses or Other Rights as Provided in the General Bond Resolution
Rationale

Title to school property of the Jefferson County Public Schools is held by the Jefferson County Finance Corporation.

These Resolutions will allow the Finance Corporation President to execute routine easement agreements such as, utility and electrical easements, sewer and drainage easements, and sidewalk easements without first seeking the approval of the Finance Corporation, owner of District property. Approval of these Resolutions will promote efficient district operations and dispose of the necessity of Finance Corporation meetings for the sole purpose of approval of easements.

In order to keep the Board of Education apprised of actions taken by the President pursuant to these Resolutions, the President intends to report such easement approvals to the board of education on its regular agenda.
 
Submitted by: Rosemary Miller

Attachment 

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Recommended Motion

President Donna Hargens recommends that the Board of Directors approve the attached Resolutions authorizing the President to execute Easements, Rights-of-Way, Licenses or Other Rights provided in the General Bond Resolution of July 17, 1989, as amended on August 14, 1989. The recommendation

VII. Adjournment
Recommended Motion

A motion to adjourn