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The Kentucky Association of Counties Finance Corporation held a special Board of Directors' meeting immediately following the KACo Leasing Trust Board meeting, pursuant to proper notice given in accordance with KRS 61.823, on Thursday, November 19, 2020 via teleconference.
The roll was called. The following Directors participated by teleconference: Chair Amy Milliken, Warren Co. Attorney; Vice-Chair Bill Bartleman, McCracken Co. Commissioner; Sue Carole Perry, Shelby Co. Clerk; Gary Moore, Boone Co. Judge/Executive; and Reagan Taylor, Madison Co. Judge/Executive.
Others participating by teleconference included: Grant Satterly, Director of Financial Services; Jim Henderson, Executive Director/CEO; Lonnie Campbell, Assistant Director of Financial Services; Kelly Mittler, Finance Officer; Tim Sturgill, General Counsel; Karen Basham, Chief Financial Officer; Rich Ornstein, Staff Attorney; Roger Peterman, Board Counsel; R. J. Palmer and Keith Brock, Compass Municipal Advisors, LLC; Jennifer Burnett, Director of Research; and Sonya Chesser, Chief Administrative Officer/Executive Assistant to CEO.
Chair Milliken called the meeting to order at 9:28 a.m.
Motion made by Reagan Taylor, seconded by Sue Carole Perry, to approve the minutes of the October 21, 2020 meeting as presented. Motion carried.
Mr. Satterly presented a monthly status report on the activity of the KACo Finance Corporation bond pool program, the KACo Leasing Trust new loan program, and the KACo Leasing Trust US Bank program.
Mr. Satterly said the Series E Bond is set to sell today for six participants totaling roughly $10 million.
Motion made by Gary Moore, seconded by Bill Bartleman, to hold the next board meeting on December 17th upon adjournment of the special meeting of the KACo Leasing Trust Board scheduled for 9:10 a.m. Motion carried.
Motion made by Reagan Taylor, seconded by Sue Carole Perry, to adjourn the meeting at 9:33 a.m. Motion carried.
