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The Kentucky Association of Counties Finance Corporation held a Board of Directors' meeting immediately following the KACo Leasing Trust Board meeting on Thursday, February 20, 2020 at 400 Englewood Drive in Frankfort, Kentucky.
The roll was called. The following Directors were present: Chair Amy Milliken, Warren Co. Attorney; Vice-Chair Bill Bartleman, McCracken Co. Commissioner; Tommy Turner, LaRue Co. Judge/Executive; Sue Carole Perry, Shelby Co. Clerk; and Gary Moore, Boone Co. Judge/Executive.
Others present were: Grant Satterly, Director of Financial Services; Jim Henderson, Executive Director/CEO; Lonnie Campbell, Assistant Director; Kelly Mittler, Finance Officer; B. J. White, Accounts Receivable Officer; Karen Basham, Chief Financial Officer; Tim Sturgill, General Counsel; Rich Ornstein, Staff Attorney; R. J. Palmer, Compass Municipal Advisors, LLC; Elizabeth Younger, Board Counsel; and Sonya Chesser, Executive Assistant/Events Manager.
Chair Milliken called the meeting to order at 2:27 p.m.
Motion made by Tommy Turner, seconded by Gary Moore, to approve the minutes of the January 23, 2020 meeting as presented. Motion carried.
Mr. Satterly, providing a program update, said Bond Series A and Bond Series B will go to sale Tuesday, February 25th. He asked the board to consider allowing the Program to serve as a conduit issuer for counties that have a need for an industrial revenue bond. He said more information will be forthcoming.
The next scheduled meeting will be held March 26th upon adjournment of the KACo Leasing Trust board meeting scheduled for 9:00 a.m.
Motion made by Tommy Turner, seconded by Gary Moore, to adjourn the meeting at 2:32 p.m. Motion carried.
