Kentucky Public Service Commission

Order Entered: 1. McCreary District is granted a Certificate of Public Convenience and Necessity for the proposed construction project. McCreary District’s proposed plan of financing is accepted. McCreary District is authorized to issue $1,300,000 of its Series A Waterworks Revenue Bonds at an interest rate not exceeding 2.5 percent per annum, and $635,000 of its Series B Waterworks Revenue Bonds at an interest rate not exceeding 2.25 percent per annum, both maturing over 40 years. 4. The proceeds from the proposed bond issuance shall be used only for the purposes specified in McCreary District’s application. 5. Notwithstanding ordering paragraph 4, if surplus funds remain after the approved construction has been completed, McCreary District may use such surplus to construct additional plant facilities if RD approves of the use and the additional construction will not result in a change in McCreary District’s rates for service. McCreary District shall provide written notice of this additional construction in accordance with 807 KAR 5:069, Section 3. 6. McCreary District shall file a copy of the “as-built” drawings and a certified statement from the engineer that the construction has been satisfactorily completed in accordance with the contract plans and specifications within 60 days of substantial completion of the construction certified herein McCreary District shall require the construction to be inspected under the general supervision of a professional engineer with a Ken

No deficiency letter

Acknowledge Receipt of Filing

APPLICATION OF MCCREARY COUNTY WATER DISTRICT FOR A CERTIFICATE OF PUBLIC CONVENIENCE AND NECESSITY TO CONSTRUCT, FINANCE AND INCREASE RATES PURSUANT TO KRS 278.023