Kentucky Public Service Commission

Order Entered: Warren District’s motion to deviate from 807 KAR 5:OOl , Section 11 (2)(a), is granted. Warren District’s application is considered filed as of February 7, 2012. Warren District is authorized to enter into an agreement with KRWFA to borrow no more than $2,304,5009 for the purpose of refunding the outstanding indebtedness, but only under such terms and conditions that will produce both positive gross savings and net present value savings. If the actual terms and conditions of the agreement with KRWFA differ from those set forth in its application, Warren District shall, within 30 days of executing the loan agreement, file with the Commission amortization schedules and work papers showing the actual gross savings and net present value savings that will result from the refinancing Within 30 days of executing the proposed agreement, Warren District shall file a written statement with the Commission setting forth the date on which the agreement was entered, the actual interest rates, and the principal amount. The proceeds from the transaction authorized herein shall be used only for the lawful purposes specified in Warren District's application. Any documents filed pursuant to ordering paragraphs 4 and 5 of this Order shall reference the number of this case and shall be retained in the utility's general correspondence file.

Acknowledge Receipt of Filing

APPLICATION OF WARREN COUNTY WATER DISTRICT TO ISSUE SECURITITES IN THE APPROXIMATE PRINCIPAL AMOUNT OF $2,095,000 FOR THE PURPOSE OF REFUNDING CERTAIN OUTSTANDING REVENUE BONDS OF THE DISTRICT PURSUANT TO THE PROVISIONS OF KRS 278.300 AND 807 KAR 5:001