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From YouTube: Capital Projects and Bond Oversight Committee (11-17-22)
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A
A
A
D
Kentucky
research
building
the
ti2
and
axr
upgrade
were
purchased
with
252
000
in
federal
funds,
which
were
National
Institute
of
General
Medical,
Sciences,
Grant
funds
and
97
000
in
restricted
funds.
Pursuant
to
krs-45
810
sub
6,
the
office
of
financial
management
submitted
the
annual
report
of
outstanding
debt
on
behalf
of
State
entities,
including
post-secondary
institutions,
authorized
to
issue
debt
percent
to
Karis
85
812
sub
1
three
school
districts,
none
of
which
needed
an
additional
tax
levy
to
pay
debt
service
reported
upcoming
debt
issues
for
new
projects.
Through
their
fiscal
agents.
D
The
school
districts
were
Barron,
County,
camel
County
and
Warren
County
pursuant
to
Keras
48,
11
6A,
but
division
of
real
properties
re-transmitted
as
advertisement
for
Cabinet
for
Health
and
Family
Services
space.
In
Bullitt
County
and
finally,
the
school
facilities,
construction
commission
reported
15
School
District
debt
issues
with
sfcc
Debt
Service
participation
for
May
through
October.
The
issuance
amount
was
around
269
million
for
new
projects
about
95
percent,
with
locally
supported,
Debt
Service,
and
about
five
percent
with
the
sfcc.service
participation.
A
All
right,
thank
you,
Catherine
I
believe
Janice
is
here
in
person
today.
She
can
make
her
way
up
to
the
desk,
who
I
will
go
ahead
and
there's
three
action
items
and
a
few
information
items.
If
we
someone
would
make
a
motion,
we
can
roll
those
three
into
one
vote:
Senator,
gurgler
and
I'll.
Second,
that.
E
And
then
there's
four
pool
allocation
projects,
we'll
start
with
the
First
new
projects.
There
are
three
first:
is
the
educational
labor
cabinet
office
fund,
Employment
Insurance
UI
Connect
Mobile
vehicle
purchase
in
the
amount
of
500
000
fund
it
with
a
hundred
percent
U.S
department,
labor
employment,
training,
Administration
Federal,
grant
funds
for
emergency
response,
which
allows
Kentucky
office
of
unemployment
insurance
to
regularly
travel,
to
designated
areas
to
assist
underserved
communities
and
Disaster
Recovery
areas
with
all
direct
and
related
Unemployment
Services.
E
The
unit
would
be
equipped
with
a
generator
and
a
mobile
lab
unit.
Computer
lab
for
internet
access.
It
will
act
as
a
mobile
career
center
to
assist
with
filing
UI
claims
and
set
up
a
identity,
verification
request,
bi-weekly
benefit
payments,
completes
eligibility
review,
resets
pins
allows
them
to
change.
Email
addresses
addresses,
so
it
provides
services
mobily
in
case
there's
a
disaster
or
underserved
areas.
E
A
E
Next
is
the
tourism
Arts
and
Heritage
fish
and
wildlife
construction
of
two
new
buildings
on
Department
of
Fish
and
Wildlife
Resource
headquarters,
Campus
located
in
Frankfort,
known
as
the
game
farm
on
US
60,
to
which
your
approval
is
requested
on
these
two
as
well,
the
lakes
and
streams
Branch
building
project
is
one
million
seven
hundred
sixteen
thousand
two
hundred
funded
with
75
federal
funds
and
25
percent
agency
Fish
and
Game
funds.
The
federal
fund
source
is
the
U.S
Department
of
Fish
and
Wildlife
Dingle
Johnson
Sports
fish
fish,
restoration,
Act.
E
This
project
will
allow
for
construction
of
a
new
building
and
number
one
Sportsman
Lane
in
Frankfort
Kentucky
to
be
used
for
infrastructure
development
projects
and
will
include
areas
for
equipment,
maintenance,
equipment,
storage
and
office
space.
The
space
currently
occupied
by
the
lakes
and
streams
Branch
does
not
provide
the
adequate
space
to
soar.
All
the
equipment
second
project
for
fish
and
wildlife
is
the
critical
species
investigation
building
project
and
the
amount
of
one
million.
E
Six
hundred
and
two
thousand
three
hundred
dollars
funded
a
hundred
percent
from
U.S
department,
fish
and
wildlife,
non-indigenous
aquatic
nuisance
prevention
and
Control
Act.
This
project
will
allow
for
construction
of
a
new
building.
The
building
will
be
used
for
resource
conservation
activities
include
areas
for
equipment,
maintenance,
equipment,
storage
and
office.
Space
critical
species
is
a
new
project.
New
program
and
staff
are
currently
housed
in
the
rented
space
and
storage
area
that
will
accommodate
only
one
boat.
E
A
A
E
You
and
thank
you
committee
for
your
approval
on
the
previous
three
next.
Is
the
research
equipment
purchase
for
the
energy
and
environment
cabinet
Department
of
Environmental
Protection
triple
quadruple
liquid
chromatograph
mass
spectrometer
and
the
amount
of
250
000
find
it
100
federal
funds
from
the
performance
partnership
Grant
the
department
for
Environmental
Protection
will
use
this
lab
equipment
to
perform
analysis
on
various
soil
and
water
samples
collected
in
the
department.
The
department
will
focus
the
use
on
identifying
contaminants
of
polyfloraical
substance,
particulates
known
as
pfas,
which
is
an
emerging
contaminant
that
can
adversely
affect
human
health.
C
E
Thank
you.
Next
are
two
emergency
repair
maintenance
or
replacement
projects
for
the
Kentucky,
Community
and
Technical
College
system.
They
are
the
southeast
Kentucky
Community
and
Technical
College
in
the
Hazard
Community
Technical
College
funded
with
insurance
proceeds
and
the
authority
is
percent
to
45
750
sub
1G.
E
The
emergency
building
repairs
at
Southeast,
Kentucky,
Community
and
Technical
College
project
is
3.1
million.
This
project
will
restore
two
facilities
that
were
damaged
in
the
July
22
major
flood
event,
the
Belinda
Mason
building
and
the
Cottle
Hall
located
in
Whitesburg.
These
two
facilities
were
flooded
with
between
four
to
five
feet
of
water,
causing
major
damage
that
must
be
repaired
to
restore
the
building
to
its
intended
use.
E
E
This
project
will
restore
restore
two
facilities
that
were
damaged
in
the
in
the
flood,
the
school
of
craft
and
the
Opportunity
Center
located
in
Hindman.
These
two
facilities
were
flooded
same
three
to
five
feet,
causing
major
damage,
and
this
funding
will
help
restore
to
get
back
to
the
intended
intended
use
of
the
buildings.
E
The
first
is
an
appropriation,
the
amount
of
four
million
six
hundred
ninety
three
thousand
five
hundred
dollars
from
the
bond
funded
2022
State
schools,
HVAC
pool
to
the
Kentucky
school
for
the
deaf
HVAC
project
in
Bull
County.
This
project
will
consist
of
installing
two
new
HVAC
rooftop
units
on
the
Thomas
Hall,
Gym
and
pool
along
with
new
electrical
gear
and
Transformer
to
support
the
unit's
electrical
requirements.
The
Thomas,
Hall,
gymnasium
and
pool
facility
currently
has
no
air
conditioning,
and
this
project
will
provide
both
heating
and
air
to
the
building.
E
The
original
Chiller
in
Kerr
Hall
will
be
replaced
with
a
new
outdoor
air,
cool,
Chiller
and
new
closed
circuit.
Evaporator
cooler
will
be
installed
in
Brady
hall
for
the
closed
loop
water
sources.
The
buildings
on
the
campus
are
30
to
50
years
old,
with
the
existing
hvacs
that
have
been
repaired
over
over
the
years.
E
The
first
of
those
is
an
appropriation
in
the
amount
of
4.9
million
from
the
Department
of
Fish
and
Wildlife
fee
and
lose
stream
mitigation
pool
to
the
Steep
Creek
project
in
Boone
County.
This
project
will
restore
and
protect
over
twenty
thousand
linear
feet
of
stream
and
Northern
Kentucky
service
area.
E
Next
is
an
appropriation
in
the
amount
of
6.7
million
from
the
Department
of
Fish
and
Wildlife
fees
and
lose
stream
mitigation
pool
to
the
broke
leg
Creek
project
in
Morgan
County.
This
project
will
restore
and
protect
over
35
000
linear
feet
of
stream
in
the
upper
Licking
River
service
area
and
last
is
an
appropriation,
the
amount
of
13
million
dollars
from
the
Department
of
Fish
and
Wildlife
for
the
Mill
Creek
project
in
Jefferson
County.
E
C
E
A
D
A
F
Oh
right,
the
first
item
I
have
to
report
today
is
that
for
the
education
labor
cabinet
in
Fayette
County,
the
agency
submitted
a
space
request
to
be
co-house
with
the
Bluegrass
area
development
District.
As
a
result,
a
new
lease
was
entered
into
for
4053
square
feet
at
a
cost
of
28.36
per
square
foot
for
a
total
annual
cost
of
114
943
dollars
and
eight
cents,
and
this
lease
is
set
to
expire,
June
30th
of
2029.
A
F
The
next
item,
I,
have
is
the
lease
for
the
transportation
cabinet
in
Perry.
County.
This
place
is
for
the
temporary
use
of
approximately
five
acres
to
store
debris
caused
by
the
recent
flooding
in
Eastern
Kentucky.
Only
tree
and
brush
debris
will
be
stored
in
this
location.
The
term
of
this
lease
is
month
to
month,
at
a
cost
of
500
per
acre
per
month.
I'll
counter.
F
Sir
and
the
last
item
I
have
is
a
lease
modification
for
the
education
labor
cabinet
in
Fayette
County.
This
lease
is
being
modified
to
change
agency,
occupancy
of
the
space
from
the
Cabinet
for
Health
and
Family
Services
to
the
education
labor
cabinet,
and
to
amortize
49
999
and
leasehold
improvements
to
meet
the
new
age
agencies.
F
The
lease
modification
will
consolidate
their
hearing
function
with
and
provide
office
space
for
their
administrative
law,
judges
and
support
staff.
Two
estimates
were
obtained
in
the
amounts
of
55
729
dollars
from
area
Lex
real
estate
and
seventy
four
thousand
four
hundred
sixty
eight
dollars
from
Elaine
Allen
LLC,
the
low
bid
submitted
by
area
Lex
real
estate
was
selected.
F
A
All
right,
seeing
none
thank
you.
Thank
you
again.
I
believe
Sandy
is
with
us
remotely
and
she's
got
a
report
from
the
office
of
financial
management
and
she
does
have
four
action
items
so
for
clean
water
projects
reallocations.
So
if
we
can
roll
those
four
into
one
vote
and
get
a
motion
in
a
second
got,
a
motion
Motion
in
a
second
all
right
Sandy,
are
you
with
us.
G
One
projects
have
been
presented
to
the
committee,
and
next
month
we
will
start
sending
the
round
two
projects
for
your
review.
There
are
currently
over
400
of
those,
so
we
may
be
sending
them
over
several
months
and
just
to
let
you
know,
we
expect
about
850
total
grants
from
both
rounds
of
funding
when
all
the
funds
are
allocated.
A
A
All
right,
thank
you.
So
much
those
were
approved,
appreciate
the
visit
and
I
believe
Ryan
Barrow
is
with
us
in
person.
So
it's
good
to
see
you
Ryan
the
executive
director
of
office
of
financial
management
and
Brian
always
has
several
things
to
roll
in,
but
today
you've
got
seven
to
previous
debt
issues
to
roll
into
one.
D
D
H
Just
start
with
a
couple
of
previously
issued
Bond
transactions
first
to
report
is
state
property
and
building
submission.
These
were
securedizations
and
funding
of
general
fund
projects
over
various
budget
bills.
255
million
dollars
in
proceeds
doing
a
mission
with
this
priced
September,
8th
due
to
recent
declines
in
rates
we're
almost
back
to
the
rates
that
when
we
priced
that
day,
I
can't
remember
the
last
time
we've
had
several
days
of
drop-in
rates.
H
In
last
two
weeks,
we've
dropped
almost
a
half
a
percent
50
basis
points
we're
still
up
over
two
percent
since
the
beginning
of
the
year,
but
it's
kind
of
the
first
positive
news
on
the
rate
trends
that
we've
seen
the
transaction
at
that
time
produced
a
tick
of
4.1.
Four
percent
was
negotiated
with
Citigroup
and
there's
additional
information
in
the
packet
about
the
transaction.
H
The
second
transaction
is
for
the
University
of
Kentucky.
This
was
a
taxable
series
refunding
it
was
issued
originally
at
taxable.
It's
not
often
that
in
my
industry,
popular
vernacular
enters
in,
but
these
are
called
Cinderella
bonds,
the
first
issuance
of
these
in
the
Commonwealth
or
agency
that
I'm
aware
of
they
start
off
at
taxable
and
because
it
was
a
bank
transaction.
H
We
were
able
to
lock
in
rates
and
there's
a
four
delivery
of
tax
exempt
Bonds
in
the
future,
which
is
we
always
want
to
price
tax
exempt
bonds
that
produced
Savings
of
about
8.6
percent
on
Net,
Present,
Value
basis,
6.5
million
dollars.
So
even
though
rates
have
increased,
this
structure
allowed
savings
to
be
extracted
from
a
prior
refunding.
The
true
interest
cost
on
that
transaction
was
roughly
3.4
percent
and
it
priced
in
October
for
75.6
million
dollars
and
the
winning
bidder
was
truest.
H
The
final
transaction
to
report
on
is
the
2022
series:
Turnpike
bonds,
Turnpike
Authority
of
Kentucky-
this
actually
exhaust
House
Bill
3
of
the
2010
extraordinary
session,
so
that
is
no
more
buoy
no
more
authorized
but
issued
in
any
budget
bill
for
turnpike
I.
Don't
think
we'll
ever
say
that
for
general
fund,
don't
think
we'll
ever
say
that
for
agency
fund
and
recently
the
last
budget
Bill
authorized
garvey's.
So
this
would
be
the
one
area
where
there
is
no
more
abui.
It
was
basically
the
last
50
million
dollars
authorized
in
that
budget
bill.
H
H
So
the
last
item
I
do
have
is
for
approval
and
that's
the
traditional
school
facilities
transactions
that
have
estate
participation,
sfcc
participation,
the
estimated
par
for
the
seven
transactions
they're.
All
new
money.
They're
all
tax
exempt
is
about
four
percent
or
5.3
million
dollars,
with
96
percent
being
local
supported,
126
estimated
part
of
126
million
dollars.
I
do
want
to
make
a
couple
of
notes.
The
Bardstown
independent
is
a
resubmission
for
change
of
scope.
We've
had
a
number
of
those
recently
and
the
Johnson
County
transaction
in
2019
September
of
2019.
H
A
H
D
Thank
you.
If
the
scope
is
an
increase,
it's
there,
it's
the
increase
of
the
local
portion.
Not
the
sfcc
portion
of
the
local
portion
is
going
up.
They
are
contributing
9.8
million
rather
than
6.8
million,
and
that
project
received
a
health
spill
556
a
10
million
local
area,
vocational
education
center
Grants
as
well.