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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 of Trustees special meeting at 9:00 a.m. on Friday, April 21, 2023. This meeting was held via video teleconference, in accordance with proper notice given in accordance with KRS 61.823, 61.826 and KRS 65.312(3).
The roll was called. The following Directors participated in person: Chair Amy Milliken, Warren Co. Attorney; Vice-Chair Bill Bartleman, McCracken Co. Commissioner; Gary Moore, Boone Co. Judge/Executive; Tabatha Clemons, Grant Co. Clerk; and Matt Wireman, Magoffin Co. Judge/Executive.
Others participating in person included: Jim Henderson, Executive Director/CEO; Temple Juett, Director of Insurance and Business; Grant Satterly, Director of Financing Services; Tim Sturgill, General Counsel; Karen Basham, Chief Financial Officer; Kelly Mittler, Leasing Officer; Lonnie Campbell, Assistant Director of Financing Services; B. J. White, Accounts Receivable Officer; Marie Skinner, Accounting Manager; Roger Peterman, Board Counsel, Dinsmore & Shohl, LLP; Elizabeth Younger, Dinsmore & Shohl, LLP; Keith Brock, Senior Vice President, Compass Municipal Advisors, LLC; Alyssa Rogers, Staff Accountant; and Sonya Chesser, Executive Assistant to CEO/Director of Administrative Services.
Chair Milliken called the meeting to order at 9:26 a.m.
Motion made by Matt Wireman, seconded by Gary Moore, to approve the minutes of the March 30, 2023 meeting as presented. Motion carried.
Mr. Satterly provided an update concerning the 2023 Series B Bond sale. He said Hopkins County Extension District had a successful bond sale at $6,080,000 at a rate of 3.7% for twenty years There were five competitive bids.
Mr. Satterly, providing a program update, said he anticipates approximately $33 million going into the next bond issue.
Due to a scheduling conflict, Chair Milliken cancelled the May 25th board meeting. A special meeting will be called, if needed.
Motion made by Bill Bartleman, seconded by Tabatha Clemons, to adjourn the meeting at 9:31 a.m. Motion carried.
