Kentucky Public Service Commission

Order Entered: 1. Marion District is authorized to borrow no more than $820,000 from CNB to retire its Series 1992A, Series 1993, and Series 2000 Bonds, but only under 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 with CNB differ from those set forth in its application, Marion District shall, within 30 days of executing the loan agreement, file with the Commission amortization schedules and work papers showing the actual gross savings that will result from the refinancing. 3. Within 30 days of executing the proposed agreement, Marion District shall file a copy of the executed loan agreement and any documents referenced in that agreement that Marion District has not previously filed with the Commission. 4. The proceeds from the loan agreement shall be used only for the lawful purposes specified in Marion District’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.

Letter Filing Documents into the Record

No deficiency letter

Acknowledge Receipt of Filing

Application of Marion County Water District for Authority to Enter into a Loan Agreement with Citizens National Bank of Lebanon, Kentucky