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Beattyville - Birthplace of Kentucky River (taken by C.Beach III)

Beattyville - Birthplace of Kentucky River (taken by C.Beach III)

LEE COUNTY SCHOOL DISTRICT FINANCE CORPORATION MEETING

MEETING NOTICE

Lee County School District Finance Corporation

There will be a special meeting of the Lee County School District Finance Corporation on Thursday, November 20, 2014 immediately upon conclusion of the Special Called Meeting of the Lee County Board of Education (approximately 5:15 p.m.). The meeting will be held at the Lee County School District Board office. The purpose of the meeting is to consider adopting a resolution authorizing the issuance of School Building Revenue Bonds for school building purposes. Agenda Items are as follows:

 

 

LEE COUNTY SCHOOL DISTRICT FINANCE CORPORATION MEETING
     November 20, 2014 @ 5:00 p.m.

            Lee County Board of Education Board Room

                        AGENDA

   I.       CALL TO ORDER

  II.      CONFIRM OFFICERS

III.       APPROVE AGENDA:  Recommendation:  Approve Lee County School District Finance  Corporation Meeting Agenda as presented

 IV.      APPROVE A RESOLUTION TO ENTER INTO A CONTRACT LEASE AN OPTION  WITH THE LEE COUNTY SCHOOL DISTRICT RELATING TO THE PROPSOED SERIES 2015 REVENUE BONDS:  Recommendation:  Approve a resolution of the Board of  Directors of the Lee County School District Finance Corporation, relating to and providing for the          issuance of $2,495,000 principal amount (subject to a permitted adjustment of $245,000) of special obligation bonds (school building revenue bonds) in accordance with sections 58.180 and 162.120  through 162.290 and 162.385 of the Kentucky Revised Statutes to provide funds for school building purposes, providing and determining the duty of said corporation in connection with the  operation of the school property, the creation of funds sufficient to pay the principal of and interest on said revenue bonds as and when they mature, the creation of adequate maintenance  and insurance funds, and authorizing the execution of a lease of such foregoing property to the  board of education of the Lee County School District.

  V.      APPROVE A RESOLUTION TO ENTER INTO A CONTRACT LEASE AN OPTION WITH THE LEE COUNTY SCHOOL DISTRICT RELATING TO THE PROPOSED  ERIES 2015 QZAB BONDS:  Recommendation:   Approve a resolution of the Board of  Directors of the Lee County School District Finance Corporation, relating to and providing for the issuance of $500,000 principal amount of school building revenue bonds to be issued as “Qualified Zone Academy Bonds” in accordance with sections 58.180 and 162.120 through 162.300 and  162.385 of the Kentucky Revised Statutes and sections 54a, 54e and 1397e of the Internal Revenue  Code to provide funds for school building purposes,  providing and determining the duty of said   corporation in connection with the operation of the school property, the creation of funds  sufficient to pay the principal of and interest on said revenue bonds as and when they mature, the creation of adequate maintenance and insurance funds, and authorizing the execution of a lease  agreement of such foregoing property to the board of education of the lee county school district  
 

  VI.     ADJOURN





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