RECORD OF FINANCE CORPORATION PROCEEDINGS
(MINUTES)
December 9, 2013
A special meeting of the Campbell County School District Finance Corporation was held on Monday, December 9, 2013, 6:45 p.m. at the Alexandria Educational Center, 51 Orchard Lane, Alexandria, Kentucky.
In attendance at the meeting were:
Janis Winbigler, President
Rich Mason, Vice President
Gary Combs
Kim Fender
Pat Walch
Superintendent Glen Miller, Secretary
Tracey Jolly, Treasurer
Garry Edmondson, Board Attorney
I.CALL TO ORDER
The meeting was called to order by Ms. Winbigler.
II.APPROVE AGENDA
13-116Motion made by Walch, seconded by Combs, to approve the agenda as presented upon the recommendation of the Superintendent.
VOTE: Winbigler-Yes; Mason-Yes; Combs - Yes; Fender-Yes; Walch-Yes. MOTION CARRIED.
III.MINUTES
13-117Motion by Fender, seconded by Combs, to approve the minutes of the August 12, 2013 Finance Corporation meeting per the recommendation of the Superintendent.
VOTE: Winbigler-Yes; Mason-Yes; Combs - Yes; Fender-Yes; Walch-Yes. MOTION CARRIED.
IV.CONSIDER RESOLUTION FOR REVENUE BONDS
13-118Motion by Fender, seconded by Walch, to adopt the resolution authorizing Revenue Bonds (Series 2014) for the acquisition of property as submitted per the recommendation of the Superintendent.
CAMPBELL COUNTY SCHOOL DIST. FIN. CORP. RESOLUTION
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE CAMPBELL COUNTY SCHOOL DISTRICT FINANCE CORPORATION, RELATING TO AND PROVIDING FOR THE ISSUANCE OF $415,000 PRINCIPAL AMOUNT (WHICH MAY BE INCREASED OR DECREASED BY THE AMOUNT OF $40,000) OF SCHOOL BUILDING REVENUE BONDS, SERIES 2014 IN ACCORDANCE WITH SECTIONS 162.120 THROUGH 162.300 AND 162.385 OF THE KENTUCKY REVISED STATUTES, TO PROVIDE FUNDS FOR SCHOOL BUILDING PURPOSES; PROVIDING AND DETERMINING THE DUTY OF THE CORPORATION IN CONNECTION WITH THE OPERATION OF THE SCHOOL PROPERTY AND THE CREATION OF FUNDS SUFFICIENT TO PAY THE PRINCIPAL OF AND INTEREST ON THE BONDS AS AND WHEN THEY MATURE AND THE CREATION OF AN ADEQUATE MAINTENANCE AND INSURANCE FUND; AND AUTHORIZING THE EXECUTION OF LEASE AND OTHER INSTRUMENTS WITH RESPECT TO SUCH PROPERTY WITH THE BOARD OF EDUCATION OF THE CAMPBELL COUNTY SCHOOL DISTRICT.
VOTE: Winbigler-Yes; Mason-Yes; Combs - Yes; Fender-Yes; Walch-Yes. MOTION CARRIED.
VI.ADJOURN
There being no further business to come before the Board, Ms. Winbigler entertained a motion to adjourn.
13-119 Motion made by Walch, seconded by Mason, to adjourn the meeting.
VOTE: Winbigler-Yes; Mason-Yes; Combs - Yes; Fender-Yes; Walch-Yes. MOTION CARRIED.
Whereupon this meeting was adjourned at 6:55 p.m.