Kentucky Public Service Commission

Order entered: Pendleton County is authorized to enter into an agreement with KRWFC to borrow no more than $1,331,000'or the purpose of refunding the outstanding indebtedness, but only under such terms and conditions as will produce both positive gross savings and net present value savings. work papers showing the actual gross savings and net present value savings that will result from the refinancing. 2. If the actual terms and conditions of the agreement with KRWFC differ from those set forth in its application, Pendleton County shall, within 30 days of executing the loan agreement, file with the Commission amortization schedules and 3. Within 30 days of executing the proposed agreement, Pendleton County shall file a copy of the executed Assistance Agreement and any documents referenced in the executed Assistance Agreement that Pendleton County has not previously filed with the Commission.

No deficiency letter

Acknowledge Receipt of Filing

APPLICATION OF PENDLETON COUNTY WATER DISTRICT TO ISSUE SECURITIES IN THE APPROXIMATE PRINCIPAL AMOUNT OF $1,210,000 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