Kentucky Public Service Commission

Final Order Entered: (1) East Casey District is authorized to enter into the proposed lease agreement with KBC for the purpose of refunding the outstanding indebtedness, provided that the principal amount of the lease agreement does not exceed $3,750,000 and the terms and conditions of the lease agreement will produce both positive gross savings and net present value savings. (2) If the actual terms and conditions of the lease agreement differ from those set forth in East Casey District’s application, East Casey District shall, within 30 days of executing the lease agreement, file with the Commission amortization schedules and work papers showing the actual gross savings and net present value savings that will result from execution of the lease agreement and refunding of its outstanding bonded debt. (3) Within 30 days of executing the proposed lease agreement, East Casey District shall file a copy of the executed lease agreement and any documents referenced in the lease agreement that East Casey District has not previously filed with the Commission. (4) The proceeds from the execution of the lease agreement shall be used only for the lawful purposes specified in East Casey District’s application. (5) Any documents filed pursuant to ordering paragraphs 2 and 3 of this Order shall reference the number of this case and shall be retained in the utility’s general correspondence file.

Order Entered: . East Casey District’s request to deviate from 807 KAR 5:001, Section 17(2)(a), is granted. 2. East Casey District’s application is considered filed as of the date of this Order.. Nothing contained in this Order shall preclude the Commission from requiring the production of information regarding East Casey District’s financial condition or operations since December 31, 2012.

Letter providing additional information

Ian F. Koffler

Application and Exhibits with Affidavit requesting approval of a Lease Agreement to refinance existing indebtedness of the District to acheive debt service savings.

Application for Approval of Revenue Lease Agreement East Casey County Water District

20130314_PSC_Acknowledgement Letter.pdf

Notice of Election of Use of Electronic Filing Procedures for East Casey County Water Districts Application for Approval of a Lease Agreement to Refinance Outstanding Water District Revenue Bonds