Kentucky Public Service Commission


View Case Filings for: 2016-00355


Case Number:2016-00355
Service Type:Water
Filing Date:10/3/2016
Category:Regular
Utilities:

North Mercer Water District


Case Nature:

APPLICATION OF NORTH MERCER WATER DISTRICT TO ISSUE SECURITIES IN THE APPROXIMATE PRINCIPAL AMOUNT OF$1,890,000 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









Case Filings
FilingDocuments
11/15/2016 11:56:28 AM

Final Order Entered: 1. North Mercer is authorized to enter into an agreement with KRWFC to borrow no more than $2,079,0007 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. 2. If the actual terms and conditions of the agreement differ from those set forth in its application, North Mercer 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 resulted from the refinancing of the Outstanding Revenue Bonds. 3. Within 30 days of executing the proposed agreement, North Mercer shall file a copy of the executed Assistance Agreement and any documents referenced in the executed Assistance Agreement that North Mercer has not previously filed with the Commission. 4. The proceeds from the Assistance Agreement shall be used only for the lawful purposes specified in North Mercer'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.


10/17/2016 11:59:56 AM

No deficiency letter


10/3/2016 10:41:40 AM

Acknowledge Receipt of Filing


10/3/2016

APPLICATION OF NORTH MERCER WATER DISTRICT TO ISSUE SECURITIES IN THE APPROXIMATE PRINCIPAL AMOUNT OF$1,890,000 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