City Council

City Councilmembers City Councilmembers Sonja Wilkins Brent Kim Menke Michael Crisp Tammy Lusby Mitchell Willow Hambrick Karen Tingle Sames Greg Hampton Burney Jenkins, Mayor Todd Stone City Council Meeting Scott County Fiscal Court Room 101 E Main Street, Georgetown, KY 40324 Monday, November 24, 2025 6 pm AGENDA 1. Call to Order 2. Roll Call 3. Approval of Minutes – November 10, 2025 Regular Meeting 4. Receipt of Check Register 5. Public Comments 6. Mayor’s Comments a) Proclamation – 250th Anniversary of Georgetown, Kentucky’s Founding b) Executive Order – Georgetown Board of Adjustment – Frank Allen c) Executive Order – Georgetown Board of Adjustment – Virginia Teague d) Executive Order – Georgetown Board of Ethics – Renee Causey-Upton e) Executive Order – Georgetown Board of Ethics – Anne Huber f) Executive Order – Georgetown Board of Ethics – John Sosbe g) Executive Order – Georgetown Board of Ethics – Gui Cozzi h) Executive Order – Georgetown Housing Authority Board of Commissioners – Patricia Harman i) Executive Order – Georgetown Human Rights Commission – April Baker j) Executive Order – GMWSS Board of Commissioners – Jason Baird k) Executive Order – GMWSS Board of Commissioners – Kent Chandler l) Executive Order – GMWSS Board of Commissioners – Jeff Klocke 7. Council Committee Reports 8. Planning & Zoning/Zoning Ordinances 9. GMWSS a) Lovo, Inc. – $15,900.00 b) Universal Solutions, Inc. – $33,008.40 c) Hazen – $11,600.00 d) Judy Construction – $236,172.45 10. Finance a) Municipal Order – Stock Yards Bank Reinvestment b) Quarterly Financial Update 11. Police – Resolution – Bulletproof Vest Partnership Grant Application 12. Council Discussion a) Old Business b) New Business 100 N Court Street | Georgetown, KY 40324 | Phone: 502-863-9800 | Fax: 502-863-9810 | EOE Voice to TDD: 800-648-6057 | TDD to voice: 800-648-6056 City Councilmembers City Councilmembers Sonja Wilkins Brent Kim Menke Michael Crisp Tammy Lusby Mitchell Willow Hambrick Karen Tingle Sames Greg Hampton Burney Jenkins, Mayor Todd Stone 13. Councilmember Comments 14. Adjourn 100 N Court Street | Georgetown, KY 40324 | Phone: 502-863-9800 | Fax: 502-863-9810 | EOE Voice to TDD: 800-648-6057 | TDD to voice: 800-648-6056 Georgetown City Council Meeting Minutes of November 10, 2025 Page 1 of 2 Georgetown City Council Meeting November 10, 2025 6 pm Mayor Jenkins called the Georgetown City Council meeting to order. All members were present, except Councilmember Sames (excused). After a moment of silence, Councilmember Hampton led the pledge. 1. Minutes A motion to approve the Minutes from the October 27, 2025, City Council Meeting was made by Councilmember Hampton and seconded by Councilmember Hambrick. The motion was unanimously approved. 2. Acknowledgement of Check Register Mayor Jenkins requested that council members acknowledge receipt of the check register. All acknowledged receipt. 3. Event Application Flannel and Frost – A motion to approve this event was made by Councilmember Lusby Mitchell and seconded by Councilmember Crisp. The motion was unanimously approved. 4. Presentations a) Property Value Administrator (PVA) John Burke b) City Hall Renovation Project Update – Lord Aeck Sargent and Codell Construction Company c) Post-Housing Needs Assessment Update – Kandice Whitehouse, Director of Affordable Housing and Homelessness Prevention d) Georgetown-Scott County Planning and Zoning Quarterly Update – Holden Fleming, GSC Planning Director 5. GMWSS a) Informational Presentation – Chase Azevedo, GMWSS General Manager b) Second Reading Amended and Restated General Bond Ordinance A motion to approve was made by Councilmember Hampton and seconded by Councilmember Wilkins Brent. A subsidiary motion to lay the original motion on the table was made by Councilmember Crisp. The subsidiary motion failed for lack of a second. A roll call vote on the original motion passed 6-1, with Councilmember Crisp voting no. c) Second Reading Series 2025A Bond Ordinance A motion to approve was made by Councilmember Hambrick and seconded by Councilmember Stone. A roll call vote passed 6-1, with Councilmember Crisp voting no. d) Desha and Water Street Interceptor Sewer Replacement – Recommendation of Award A motion to approve was made by Councilmember Menke and seconded by Councilmember Lusby Mitchell. The motion was unanimously approved. Georgetown City Council Meeting Minutes of November 10, 2025 Page 2 of 2 6. City Engineer – Resolution – County-City Bridge Improvement Program (CCBIP) Grant Funds A motion to approve was made by Councilmember Wilkins Brent and seconded by Councilmember Hambrick. The motion was unanimously approved. 7. Finance – Municipal Order – Stock Yards Bank Certificate of Deposit Renewal A motion to approve was made by Councilmember Lusby Mitchell and seconded by Councilmember Hampton. The motion was unanimously approved. 8. Council Discussion a) New Business – Councilmember Crisp mentioned exploring the possibility of selling naming rights to the Downtown Pavilion, and whether this could be done by the City and/or Scott County Fiscal Court. Mayor Jenkins stated that he will follow up with Councilmember Crisp before the next City Council meeting. There being no further business, Mayor Jenkins adjourned the meeting at 9:13 pm. APPROVED ________________________________ Burney Jenkins, Mayor ATTESTED BY: __________________________________ Tracie Hoffman, City Clerk-Treasurer  EXECUTIVE ORDER NO. 2025 - ____ November 24, 2025 Georgetown Board of Adjustment Effective January 1, 2026, Frank Allen is reappointed, by the Mayor of the City of Georgetown, to the Georgetown Board of Adjustment. This shall qualify as Allen’s second term and shall expire on December 31, 2029. Signed on this the 24th day of November, 2025. ________________________________ Burney Jenkins, Mayor  EXECUTIVE ORDER NO. 2025 - ____ November 24, 2025 Georgetown Board of Adjustment Effective January 1, 2026, Virginia Teague is appointed, by the Mayor of the City of Georgetown, to the Georgetown Board of Adjustment. This shall qualify as Teague’s first full term and shall expire on December 31, 2029. Signed on this the 24th day of November, 2025. ________________________________ Burney Jenkins, Mayor  EXECUTIVE ORDER NO. 2025 - ____ November 24, 2025 Georgetown Board of Ethics Effective January 1, 2026, Renee Causey-Upton is reappointed, by the Mayor of the City of Georgetown, to the Georgetown Board of Ethics. This shall qualify as Causey-Upton’s second term and shall expire on December 31, 2029. Signed on this the 24th day of November, 2025. ________________________________ Burney Jenkins, Mayor  EXECUTIVE ORDER NO. 2025 - ____ November 24, 2025 Georgetown Board of Ethics Effective January 1, 2026, Anne Huber is reappointed, by the Mayor of the City of Georgetown, to the Georgetown Board of Ethics. This shall qualify as Huber’s second term and shall expire on December 31, 2029. Signed on this the 24th day of November, 2025. ________________________________ Burney Jenkins, Mayor  EXECUTIVE ORDER NO. 2025 - ____ November 24, 2025 Georgetown Board of Ethics Effective January 1, 2026, John Sosbe is reappointed, by the Mayor of the City of Georgetown, to the Georgetown Board of Ethics. This shall qualify as Sosbe’s second term and shall expire on December 31, 2029. Signed on this the 24th day of November, 2025. ________________________________ Burney Jenkins, Mayor  EXECUTIVE ORDER NO. 2025 - ____ November 24, 2025 Georgetown Board of Ethics Effective January 1, 2026, Gui Cozzi is appointed, by the Mayor of the City of Georgetown, to the Georgetown Board of Ethics. This shall qualify as Cozzi’s first full term and shall expire on December 31, 2029. Signed on this the 24th day of November, 2025. ________________________________ Burney Jenkins, Mayor  EXECUTIVE ORDER NO. 2025 - ____ November 24, 2025 Georgetown Housing Authority Board of Commissioners Effective January 1, 2026, Patricia Harman is appointed, by the Mayor of the City of Georgetown, to the Georgetown Housing Authority Board of Commissioners. This shall qualify as Harman’s first full term and shall expire on December 31, 2029. Signed on this the 24th day of November, 2025. ________________________________ Burney Jenkins, Mayor  EXECUTIVE ORDER NO. 2025 - ____ November 24, 2025 Georgetown Human Rights Commission Effective January 1, 2026, April Baker is appointed, by the Mayor of the City of Georgetown, to the Georgetown Human Rights Commission. This shall qualify as Baker’s first full term and shall expire on December 31, 2028. Signed on this the 24th day of November, 2025. ________________________________ Burney Jenkins, Mayor  EXECUTIVE ORDER NO. 2025 - ____ November 24, 2025 Georgetown Municipal Water and Sewer Service Board of Commissioners Effective January 1, 2026, Jason Baird is reappointed, by the Mayor of the City of Georgetown, to the Georgetown Municipal Water and Sewer Service Board of Commissioners. This shall qualify as Baird’s second term and shall expire on December 31, 2029. Signed on this the 24th day of November, 2025. ________________________________ Burney Jenkins, Mayor  EXECUTIVE ORDER NO. 2025 - ____ November 24, 2025 Georgetown Municipal Water and Sewer Service Board of Commissioners Effective January 1, 2026, Kent Chandler is appointed, by the Mayor of the City of Georgetown, to the Georgetown Municipal Water and Sewer Service Board of Commissioners. This shall qualify as Chandler’s first term and shall expire on December 31, 2029. Signed on this the 24th day of November, 2025. ________________________________ Burney Jenkins, Mayor  EXECUTIVE ORDER NO. 2025 - ____ November 24, 2025 Georgetown Municipal Water and Sewer Service Board of Commissioners Effective January 1, 2026, Jeff Klocke is reappointed, by the Mayor of the City of Georgetown, to the Georgetown Municipal Water and Sewer Service Board of Commissioners. This shall qualify as Klocke’s second term and shall expire on December 31, 2029. Signed on this the 24th day of November, 2025. ________________________________ Burney Jenkins, Mayor  City Councilmembers City Councilmembers Sonja Wilkins Brent Tammy Lusby Mitchell Michael Crisp Kim Allen Menke Willow Hambrick Todd Stone Greg Hampton Burney Jenkins, Mayor Karen Tingle Sames MUNICIPAL ORDER 2025 - ____ November 24, 2025 AN ORDER APPROVING THE REINVESTMENT OF FUNDS WITH STOCK YARDS BANK & TRUST CO. WHEREAS, the City of Georgetown issued a Request for Proposals to invest excess cash of $5,000,000.00 and Stock Yards Bank & Trust Co. was awarded management of this investment portfolio; and WHEREAS, certain investments in the portfolio have matured recently and a cash balance of approximately $2,200,000.00 is available for reinvestment; and WHEREAS, the Finance Committee has recommended reinvesting the available funds in $250,000.00 increments into various investment types as permitted by KRS 66.480 with maturity ranges from two (2) to seven (7) years and a target yield of 4.0-4.5% as outlined in the attached proposal. NOW THEREFORE, IT IS HEREBY ORDERED by the Georgetown City Council that the reinvestment of funds with Stock Yards Bank & Trust Co. in the approximate amount of $2,200,000.00, a proposal for which is attached hereto and incorporated herein by reference, is approved, and the Mayor is authorized to sign all relevant documents. PASSED AND APPROVED, this 24th day of November 2025. __________________________________ Burney Jenkins, Mayor ATTEST: Tracie Hoffman, City Clerk 100 N Court Street | Georgetown, KY 40324 | Phone: 502-863-9800 | Fax: 502-863-9810 | EOE Voice to TDD: 800-648-6057 | TDD to voice: 800-648-6056  Investment Proposal Summary – Fixed Income Ladder Strategy Prepared for: City of Georgetown | Prepared by: SYBT | Date:11/17/2025 Objective Deploy approximately $2.2MM in cash into a diversified fixed income ladder that aligns with KRS 66.480 while capturing higher yields and maintaining liquidity. Recommended Strategy Ladder high-quality fixed income investments in the 2–7 year range (majority 2–4 years) to: - Capture attractive yields before potential rate cuts - Reduce reinvestment and liquidity risk - Maintain long-term flexibility Proposed Investment Mix Investment Type Rationale KRS Section Taxable Municipal Bonds High-quality issuers; yield premium vs. Treasuries 66.480 §1 (H, I) U.S. Treasuries Maximum safety and liquidity 66.480 §1 (B) FDIC-Insured Brokered CDs FDIC-backed; local presence required 66.480 §1 (D, E) Federal Agency Obligations Slightly higher yields, Customizable structure 66.480 §1 (C) Callable Agency Securities - Issued by Fannie Mae, Freddie Mac, FHLB, etc - Offer higher yields with manageable call risk - Useful in today’s environment to enhance income Agency MBS Overview - Backed by U.S. government-sponsored entities - Provide diversification and competitive yields - Carry low credit risk Implementation Plan Total to Invest: ~$2.2MM - ~$250K tranches of CDs, Treasuries, Agencies, and Taxable Munis - Target yield: 4.0–4.5% (vs. Treasuries ~3.4–3.7%) - ~$760K CD at Stock Yards Bank can be rolled into ladder upon maturity Next Steps 1. Committee feedback & approval 2. Select executing broker 3. Implement ladder across maturities 66.480 Investment of public funds -- Limitations -- Written investment policy -- Duties of state local debt officer -- Investment pool -- Rating agency. (1) The governing body of a city, county, urban-county, charter county, school district (provided that its general procedure for action is approved by the Kentucky Board of Education), or other local governmental unit or political subdivision, may invest and reinvest money subject to its control and jurisdiction in: (a) Obligations of the United States and of its agencies and instrumentalities, including obligations subject to repurchase agreements, if delivery of these obligations subject to repurchase agreements is taken either directly or through an authorized custodian. These investments may be accomplished through repurchase agreements reached with sources including but not limited to national or state banks chartered in Kentucky; (b) Obligations and contracts for future delivery or purchase of obligations backed by the full faith and credit of the United States or a United States government agency, including but not limited to: 1. United States Treasury; 2. Export-Import Bank of the United States; 3. Farmers Home Administration; 4. Government National Mortgage Corporation; and 5. Merchant Marine bonds; (c) Obligations of any corporation of the United States government, including but not limited to: 1. Federal Home Loan Mortgage Corporation; 2. Federal Farm Credit Banks; 3. Bank for Cooperatives; 4. Federal Intermediate Credit Banks; 5. Federal Land Banks; 6. Federal Home Loan Banks; 7. Federal National Mortgage Association; and 8. Tennessee Valley Authority; (d) Certificates of deposit or other interest-bearing accounts issued through a bank or savings and loan institution having a physical presence in Kentucky which are insured by the Federal Deposit Insurance Corporation or similar entity or which are collateralized, to the extent uninsured, by any obligations, including surety bonds, permitted by KRS 41.240(4); (e) Uncollateralized certificates of deposit issued by any bank or savings and loan institution having a physical presence in Kentucky rated in one (1) of the three (3) highest categories by a competent rating agency; (f) Bankers' acceptances for banks rated in one (1) of the three (3) highest categories by a competent rating agency; (g) Commercial paper rated in the highest category by a competent rating agency;  (h) Bonds or certificates of indebtedness of this state and of its agencies and instrumentalities; (i) Securities issued by a state or local government, or any instrumentality of agency thereof, in the United States, and rated in one (1) of the three (3) highest categories by a competent rating agency; (j) Shares of mutual funds and exchange traded funds, each of which shall have the following characteristics: 1. The mutual fund shall be an open-end diversified investment company registered under the Federal Investment Company Act of 1940, as amended; 2. The management company of the investment company shall have been in operation for at least five (5) years; and 3. All of the securities in the mutual fund shall be eligible investments pursuant to this section; (k) Individual equity securities if the funds being invested are managed by a professional investment manager regulated by a federal regulatory agency. The individual equity securities shall be included within the Standard and Poor's 500 Index, and a single sector shall not exceed twenty-five percent (25%) of the equity allocation; and (l) Individual high-quality corporate bonds that are managed by a professional investment manager that: 1. Are issued, assumed, or guaranteed by a solvent institution created and existing under the laws of the United States; 2. Have a standard maturity of no more than ten (10) years; and 3. Are rated in the three (3) highest rating categories by at least two (2) competent credit rating agencies. (2) The investment authority provided by subsection (1) of this section shall be subject to the following limitations: (a) The amount of money invested at any time by a local government or political subdivision in any one (1) of the categories of investments authorized by subsection (1)(e), (f), (g), (k), and (l) of this section shall not exceed twenty percent (20%) of the total amount of money invested by the local government; (b) The amount of money invested at any one (1) time by a local government or a political subdivision in the categories of investments authorized in subsection (1)(j), (k), and (l) of this section shall not, aggregately, exceed forty percent (40%) of the total money invested unless the investment is in a mutual fund consisting solely of the investments authorized under subsection (1)(a), (b), (c), (h), or (i) of this section, or any combination thereof; (c) No local government or political subdivision shall purchase any investment authorized by subsection (1) of this section on a margin basis or through the use of any similar leveraging technique; and (d) At the time the investment is made, no more than five percent (5%) of the  total amount of money invested by the local governments or political subdivisions shall be invested in any one (1) issuer unless: 1. The issuer is the United States government or an agency or instrumentality of the United States government, or an entity which has its obligations guaranteed by either the United States government or an entity, agency, or instrumentality of the United States government; 2. The money is invested in a certificate of deposit or other interest-bearing accounts as authorized by subsection (1)(d) and (e) of this section; 3. The money is invested in bonds or certificates of indebtedness of this state and its agencies and instrumentalities as authorized in subsection (1)(h) of this section; or 4. The money is invested in securities issued by a state or local government, or any instrumentality or agency thereof, in the United States as authorized in subsection (1)(i) of this section. (3) The governing body of every local government or political subdivision that invests or reinvests money subject to its control or jurisdiction according to the provisions of subsection (1) of this section shall by January 1, 1995, adopt a written investment policy that shall govern the investment of funds by the local government or political subdivision. The written investment policy shall include but shall not be limited to the following: (a) A designation of the officer or officers of the local government or political subdivision who are authorized to invest and oversee the investment of funds; (b) A list of the permitted types of investments; (c) Procedures designed to secure the local government's or political subdivision's financial interest in the investments; (d) Standards for written agreements pursuant to which investments are to be made; (e) Procedures for monitoring, control, deposit, and retention of investments and collateral; (f) Standards for the diversification of investments, including diversification with respect to the types of investments and firms with whom the local government or political subdivision transacts business; (g) Standards for the qualification of investment agents which transact business with the local government, such as criteria covering creditworthiness, experience, capitalization, size, and any other factors that make a firm capable and qualified to transact business with the local government or political subdivision; and (h) Requirements for periodic reporting to the governing body on the status of invested funds. (4) Sheriffs, county clerks, county attorneys, and jailers, who for the purposes of this section shall be known as county officials, may invest and reinvest money subject to their control and jurisdiction, including tax dollars subject to the provisions of KRS  Chapter 134 and 160.510, as permitted by this section. (5) The provisions of this section are not intended to impair the power of a county official, city, county, urban-county, charter county, school district, or other local governmental unit or political subdivision to hold funds in deposit accounts with banking institutions as otherwise authorized by law. (6) The governing body or county official may delegate the investment authority provided by this section to the treasurer or other financial officer or officers charged with custody of the funds of the local government, and the officer or officers shall thereafter assume full responsibility for all investment transactions until the delegation of authority terminates or is revoked. (7) All county officials shall report the earnings of any investments at the time of their annual reports and settlements with the fiscal courts for excess income of their offices. (8) The state local debt officer is authorized and directed to assist county officials and local governments, except school districts, in investing funds that are temporarily in excess of operating needs by: (a) Explaining investment opportunities to county officials and local governments through publication and other appropriate means; and (b) Providing technical assistance in investment of idle funds to county officials and local governments that request that assistance. (9) (a) The state local debt officer may create an investment pool for local governments, except school districts, and county officials; and counties and county officials and cities may associate to create an investment pool. If counties and county officials and cities create a pool, each group may select a manager to administer their pool and invest the assets. Each county and each county official and each city may invest in a pool created pursuant to this subsection. Investments shall be limited to those investment instruments permitted by this section. The funds of each local government and county official shall be properly accounted for, and earnings and charges shall be assigned to each participant in a uniform manner according to the amount invested. Charges to any local government or county official shall not exceed one percent (1%) annually on the principal amount invested, and charges on investments of less than a year's duration shall be prorated. Any investment pool created pursuant to this subsection shall be audited each year by an independent certified public accountant, or by the Auditor of Public Accounts. A copy of the audit report shall be provided to each local government or county official participating in the pool. In the case of an audit by an independent certified public accountant, a copy of the audit report shall be provided to the Auditor of Public Accounts, and to the state local debt officer. The Auditor of Public Accounts may review the report of the independent certified public accountant. After preliminary review, should discrepancies be found, the Auditor of Public Accounts may make his or her own investigative report or audit to verify the findings of the independent certified public accountant's report.  (b) If the state local debt officer creates an investment pool, he or she shall establish an account in the Treasury for the pool. He or she shall also establish a separate trust and agency account for the purpose of covering management costs, and he or she shall deposit management charges in this account. The state local debt officer may promulgate administrative regulations, pursuant to KRS Chapter 13A, governing the operation of the investment pool, including but not limited to provisions on minimum allowable investments and investment periods, and method and timing of investments, withdrawals, payment of earnings, and assignment of charges. (c) Before investing in an investment pool created pursuant to this subsection, a local government or county official shall allow any savings and loan association or bank in the county, as described in subsection (1)(d) of this section, to bid for the deposits, but the local government or county official shall not be required to seek bids more often than once in each six (6) month period. (10) (a) With the approval of the Kentucky Board of Education, local boards of education, or any of them that desire to do so, may associate to create an investment pool. Each local school board which associates itself with other local school boards for the purpose of creating the investment pool may invest its funds in the pool so created and so managed. Investments shall be limited to those investment instruments permitted by this section. The funds of each local school board shall be properly accounted for, and earnings and charges shall be assigned to each participant in a uniform manner according to the amount invested. Charges to any local school board shall not exceed one percent (1%) annually on the principal amount invested, and charges on investments of less than a year's duration shall be prorated. Any investment pool created pursuant to this subsection shall be audited each year by an independent certified public accountant, or by the Auditor of Public Accounts. A copy of the audit report shall be provided to each local school board participating in the pool. In the case of an audit by an independent certified public accountant, a copy of the audit report shall be provided to the Auditor of Public Accounts, and to the Kentucky Board of Education. The Auditor of Public Accounts may review the report of the independent certified public accountant. After preliminary review, should discrepancies be found, the Auditor of Public Accounts may make his or her own investigative report or audit to verify the findings of the independent certified public accountant's report. (b) The Kentucky Board of Education may promulgate administrative regulations governing the operation of the investment pool including but not limited to provisions on minimum allowable investments and investment periods, and methods and timing of investments, withdrawals, payment of earnings, and assignment of charges. (11) As used in this section, "competent rating agency" means a rating agency certified or approved by a national entity that engages in such a process. The certification or approval process shall include but not necessarily be limited to the following elements the subject rating agency must possess: (a) A requirement for the rating agency to register and provide an annual updated filing; (b) Record retention requirements; (c) Financial reporting requirements; (d) Policies for the prevention of misuse of material nonpublic information; (e) Policies addressing management of conflicts of interest, including prohibited conflicts; (f) Prohibited acts practices; (g) Disclosure requirements; (h) Any policies, practices, and internal controls required by the national entity; and (i) Standards of training, experience, and competence for credit analysts. Effective: July 14, 2022 History: Amended 2022 Ky. Acts ch. 178, sec. 2, effective July 14, 2022. -- Amended 2021 Ky. Acts ch. 152, sec. 2, effective June 29, 2021; and ch. 155, sec. 22, effective June 29, 2021. -- Amended 2019 Ky. Acts ch. 11, sec. 1, effective June 27, 2019. -- Amended 2009 Ky. Acts ch. 10, sec. 58, effective January 1, 2010. -- Amended 1998 Ky. Acts ch. 554, sec. 3, effective July 15, 1998. -- Amended 1996 Ky. Acts ch. 362, sec. 6, effective July 15, 1996. -- Amended 1994 Ky. Acts ch. 275, sec. 1, effective July 15, 1994; and ch. 508, sec. 39, effective July 15, 1994. -- Amended 1990 Ky. Acts ch. 291, sec. 2, effective July 13, 1990; and ch. 476, Pt. V, sec. 298, effective July 13, 1990. -- Amended 1988 Ky. Acts ch. 393, sec. 3, effective July 15, 1988. -- Amended 1986 Ky. Acts ch. 261, sec. 1, effective July 1, 1986. -- Amended 1982 Ky. Acts ch. 57, sec. 1, effective March 9, 1982. -- Created 1966 Ky. Acts ch. 205, sec. 1. Legislative Research Commission Note (7/15/94). This section was amended by 1994 Ky. Acts chs. 275 and 508. Where these Acts are not in conflict, they have been codified together. In cases where stylistic changes made in Acts ch. 508 conflict with substantive changes in Acts ch. 275, the provisions of Acts ch. 275 have prevailed. Cf. KRS 7.123(1). Legislative Research Commission Note (7/13/90). The Act amending this section prevails over the repeal and reenactment in House Bill 940, Acts ch. 476, pursuant to section 653(1) of Acts ch. 476. Callable Agency: FHLB • Implicit US Govt Guarantee • Customizable Structure (5yr final w/ 2yr call) • +35bps/2yr (call) • +25bps/5yr (final) E MPL SA Callable Agency: Freddie Mac • Implicit US Govt Guarantee • Customizable Structure (5yr final w/ 3mo call) • +57bp/3mo (call) • +58bps/5yr (final) E MPL SA Agency CMBS: Freddie K • Implicit US Govt Guarantee • 7yr Final Maturity • Little pre-payment risk • +36bps/treasury E MPL SA Agency CMBS: Fannie DUS • Implicit US Govt Guarantee • 5yr Final Maturity • Little pre-payment risk • +40bps/treasury E MPL SA Taxable Muni: • 5yr Final Maturity • 3yr Avg. Life • +73bps/treasury • AAA/Aaa Rated E MPL SA Agency RMBS: Fannie VADM • Implicit US Govt Guarantee • 10 yr Final Maturity • Consistent principal and interest cash flow • +70bps/treasury E MPL SA  CITY OF GEORGETOWN, KENTUCKY RESOLUTION 2025 - __ A RESOLUTION OF THE CITY OF GEORGETOWN APPROVING THE APPLICATION FOR GRANT FUNDS FROM THE UNITED STATES DEPARTMENT OF JUSTICE AND AUTHORIZING THE MAYOR TO SIGN ALL RELEVANT DOCUMENTS. WHEREAS, the Georgetown Police Department is seeking permission to apply for the 2025 United States Department of Justice Bulletproof Vest Partnership Grant; and WHEREAS, based on anticipated retirements, vest replacement cycles, etc., Georgetown Police Department projects that it will need to order approximately forty-five (45) vests over the next two years at an estimated cost of $36,765.15; and WHEREAS, the grant provides for 50% reimbursement of the cost of bulletproof vests; and WHEREAS, the grant requires that the Georgetown Police Department purchase the vest(s) prior to grant funds being disbursed. NOW THEREFORE, be it resolved by the City of Georgetown that: The City of Georgetown, for the benefit of Georgetown Police Department, is hereby authorized to apply for the 2025 United States Department of Justice Bulletproof Vest Partnership Grant, provided that pursuant to Municipal Order 14-006 council approval shall be required before acceptance of the grant award, and provided that the City shall allocate its proportionate share of the matching funds in the Police Department uniform budget according to the amount of the grant award. The Mayor of the City is hereby authorized and directed to sign said application on behalf of the Georgetown City Council, and the Georgetown City Clerk is hereby authorized and directed to certify thereto. This RESOLUTION was approved by vote of the City Council, City of Georgetown on the 24th day of November, 2025. CITY COUNCIL OF GEORGETOWN ____________________________________ By: Burney Jenkins, Mayor ATTESTED BY: _______________________________ Tracie Hoffman, City Clerk/Treasurer