EXECUTIVE DIGEST OF THE BOARD PACKAGE
February 2007

10. Other New and Old Business:

1.

Approve Resolution Approving the Series 2000 BAN to be Issued to Republic Bank and a Loan and Note Purchase Agreement

The pros and cons of the BAN were previously discussed at the Board’s Special Meeting on February 7th.   Based on those discussions, the Board decided to proceed with a Series 2000 BAN.  

Mr. Bill Davis, Bond Counsel, will be present to explain the BAN and answer any questions the Board may have.