Kentucky Public Service Commission

Order entered: Jessamine is authorized to enter into an Assistance Agreement with KRWFC to borrow no more than $1,171,5007 for the purpose of refunding the outstanding indebtedness, but only under such terms and conditions that will produce positive gross savings and net present value savings. 2. If the actual terms and conditions of the agreement with KRWFC differ from those set forth in its Application, Jessamine 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 3. Within 30 days after executing the Assistance Agreement with KRWFC, Jessamine shall file with the Commission a copy of the Assistance Agreement and any documents referenced in the executed Assistance Agreement that Jessamine has not previously filed with the Commission. 4. The proceeds from the transaction authorized herein shall be used only for the lawful purposes specified in Jessamine’ 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: Jessamine motion to deviate from 807 KAR 5:001 section 11(2) a is granted, application is considered filed as of the date of this Order. Nothing contained in this Order shall preclude the PSC from requiring the production of information regarding Jessamine Districts financial condition or operations since Dec 31, 11

Acknowledge Receipt of Filing

Application of Jessamine County Water District No. 1 to Issue Securities in the Approximate Principal Amount of $1,065,000 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