►
Description
The Committee reviewed a debt report presentation by Treasurer Darius Shahinfar and the Department of Administrative Services budget presentation.
A
Join
on
we'll
recognize
them
and
continue
to
ask
questions.
So
we
have
a
committee
member
alfredo
ballerin.
We
also
have
richard
conte
joe
igo,
for
staff.
We
have
some
what
we
have
both
knicks
tonight,
so
we've
got
superpower
nick
team,
both
riley
and
blaze.
We
have
michelle
andre.
We
have
danielle
gillespie,
john
raphael
pachardo
and
also
joining
us
tonight.
Our
dairy
channel,
for
our
amazing
treasure
and
from
we've
got
rachel
mcinerney
and
anne-marie
salmon
all
joining
us
this
evening.
To
answer
questions
we
also
are
joined
by
committee.
Member
jamel
robinson
welcome
jamel.
A
A
D
A
E
So
I'm
going
to
share
a
powerpoint
with
you
that
you
had
received
a
few
days
ago
to
review.
I
was
I'm
hoping
you
had
time.
If
not,
I
believe
we're
going
to
share
a
screen
tonight.
There
we
go
as
always
it's
a
pleasure
to
come
to
you
tonight.
It's
something
I
I
like
to
learn
about
the
department
of
administrative
services.
In
the
last
three
years
we
have
grown
exponentially.
We
have
really
become
the
administrative
backbone
to
the
city
of
albany.
E
E
E
You
can
hear
everything.
Sorry
here
we
go
sorry
that
was
a
reverb.
So
so,
as
you
can
see,
you
work
with
many
of
the
departments
that
are
listed
here.
That
is
our
team.
I'm
going
to
go
right
into
some
of
the
highlights
of
what
we
do
we
provide
just
up
to
year.
To
date,
we
have
provided
protection
of
over
50
000
phishing
attempts.
So
last
year
we
talked
a
lot
about
the
ransomware
attack
we
provided
over
2000.
It
help
desk
requests.
E
E
This
year,
again,
we
accepted
over
2
900
applications
for
jobs
and
civil
services,
and
then
we
which
include
our
authorities,
the
schools
and
the
library
we
also
our
energy
manager,
is
under
our
department
and
we
converted
over
9560
street
lights
to
led
to
date.
We
only
have
a
little
over
a
thousand
to
go.
E
So
I
want
to
talk
about
this
year.
I
really
wanted
to
talk
about
our
story
and-
and
it
was
really
for
us
a
new
way
of
working.
We
we
pushed
through
by
necessity,
and
we
didn't
miss
a
beat.
Every
single
individual
who
worked
in
our
department,
never
stopped
working.
We
deployed
technology
mainly
laptops
to
all
of
our
workforce.
We
held
virtual
public
meetings
and
thirty
percent
of
the
city
workforce
was
allowed
to
be
able
to
work
from
home.
E
We
safeguarded
the
city's
fiscal
health,
we
implemented
a
hiring
freeze
which
saved
us
1.6
million
dollars,
and
we
put
in
strict
spending
controls
and
which
also
saved
us
three
million
dollars.
We
also
oversaw
the
fema
reimbursement,
application
and
hats
off
to
our
great
budget
department.
The
knicks
are
on
the
phone.
We
were
the
first
municipality
to
be
approved
for
reimbursement,
and
we
led
the
city
on
work
from
home
policies
and
creating
and
working
with
the
state
on
the
covet
19
protocols.
E
To
continue
on
about
our
covet
19
response
we
needed
to
support.
We
wanted
to
support
our
employees
through
covid19.
We
established
emergency
leave
and
paid
sick
time.
We
established
a
child
needs
assessment
survey,
survey
to
really
understand
our
employees
and
what
they
were
struggling
with
and
sorry.
My
thing
went
dark
what
they
were
struggling
with
with
their
child
care
needs
at
home,
and
we
were
connecting
employees
with
the
resources
they
need.
Our
eeo
office
and
the
work,
and
the
support
we
needed
to
offer
folks
during
covet.
19
is
real.
E
We
take
their
temperature,
we
guide
them
through
city
hall
and
I
have
to
say
hats
off
to
the
city
clerk's
office
in
my
department,
because
many
of
all
those
employees
that
they
switched
their
job
and
they
reimagined
it
and
they
stepped
up
and
helped
us
get
city
hall
open
in
a
timely
manner.
We
also
adjusted
all
office
layouts
to
promote
the
social
distancing
and
we
also
created
some
signage
and
health
screening
protocols.
E
E
E
E
We
wanted
people
to
get
married
and
we
also
wanted
to
get
necessary
funding
that
in
emergency
funding
that
became
available
to
those
who
desperately
desperately
needed
it,
and
then
we
also
implemented
an
online
benefits
enrollment
for
employees,
which
includes
all
of
you
this
year,
you
will
do
all
of
your
online
benefits
online.
It
is
something
in
a
goal
that
we
wanted
to
happen
last
year.
We
were
able
to
push
through
and
make
that
happen.
E
E
So
we
have
a
lot
of
requirements
for
every
year
that
for
the
state
and
legislation
that
you
smartly
pass
for
diversity,
inclusion,
training,
workplace
violence
and
sexual
harassment
prevention,
I'm
happy
to
say
that
we
are
in
very,
very
good
shape
of
meeting
the
deadline,
which
is
tomorrow
that
our
employees
are
using
this
platform,
and
so
we
haven't
missed
a
beat.
The
other
issue
I'd
like
to
talk
about
is
our
cultural
affairs
in
virtual
event,
planning.
E
When
I
talk
about
going
digital,
we
we
took
a
five-year
plan
of
innovate,
innovation
and
we
did
it.
In
five
months.
The
cultural
affairs
department
really
became
virtual
and
they
reimagined
their
positions
and
I'm
very
excited
what
they're
going
to
be
rolling
out
the
next
six
months,
and
I
encourage
you
to
continue
to
support
them
as
they
have
reimagined
and
worked
and
even
have
stronger
relationships
with
many
of
our
arts
organizations
and
our
local
artists,
who
are
having
a
very,
very
difficult
time
in
this
time
period.
E
Some
of
the
areas
that
we
had
struggled
with
were
a
lot
of
our
grants
and
were
on
hold
due
to
covid,
but
it
looks
like
we're
back
on
track.
Nyserda
is
very
anxious
to
work
with
us
and
I'm
happy
here
to
announce
that
we're
working
on
a
10
electric
vehicle,
dual
charging
stations
with
the
sustainability
committee
and
your
input
of
where
they'll
go
and
we're
really
really
looking
forward
to
that,
as
well
as
completing
the
city's
first
greenhouse
gas
admission
inventory,
which
we
have
not
done
since
2012..
E
E
We
are
looking
to
bolster
our
purchasing
and
procurement
department
and
there
is
no
better
person
to
run
that
department
than
kim
wilcox
kim
wilcox,
who
many
of
you
have
known
has
been
our
payroll
director.
She
is
a
20-year
employee
of
the
city
of
albany.
I
was
very,
very
fortunate
when
she
came
over
to
admin
services
and
took
over
a
centralized
payroll.
E
She
has
not
missed
a
beat,
she
prepares
and
works
and
monitors,
and
you
can
get
kim
at
three
in
the
morning.
I'm
going
to
tell
you
that
I
would
say
at
three:
in
the
morning
the
day
the
ransom
were
attacked,
kim
wilcox
was
the
one
who
got
a
call
from
an
employee
was
having
trouble
with
her
chronos.
That
was
a
saturday
morning.
E
E
And
if
I
can
change
the
slide,
I
just
want
to
end
with
this
about
where
we're
moving
and
how
we're
moving
forward
in
in
a
department-
and
you
know
we-
we
have
a
lot
of
goals
and
they're
two
pages
long
and
I
don't
know
if
you've
had
a
chance
to
look
at
it.
But
overall
we
want
to
provide
direct
administrative
and
customer
support
to
the
entire
city
workforce,
which
includes
you
as
well.
E
We're
going
to
continue
to
facilitate
diversity
in
recruitment
retention
and
promotional
opportunities,
we're
going
to
professionalize
our
workforce
through
training
and
development
and
opportunities,
and
we're
going
to
continue
to
lead
innovative
projects
to
improve
our
workflows,
streamline
processes
and
improve
customer
service.
And
we
are.
We
are
continued
with
our
continued
commitment
to
cyber
security
investment
because
we
have
to.
We
have
to
protect
our
city's
infrastructure
and
our
information
and
our
assets
and
we'll
continue
to
deploy
resources
and
technology
to
support
the
changing
needs
of
our
employees
and
departments
during
this
pandemic.
E
In
close,
we
are
going
to
continue
to
work
on
a
five-year
technology
infrastructure
equipment,
replacement
budget
to
maintain
our
existing
network
standards.
We're
going
to
roll
out
more
online
forms
and
payment
systems
for
our
permits
and
applicants,
replacing
all
paper-based
processes
we're
going
to
conduct
an
audit
of
workers.
Compensation
claims
we're
going
to
rfp
the
city
of
albany's
third
party
administrator.
It
is
something
that
was
one
of
the
first
actions
that
I
came
in
when
I
came
into
four
years
ago,
as
your
budget
director.
E
E
We
have
52
buildings
in
the
city
of
albany
and
we
really
have
to
take
a
deep
dive
of
how
they're
being
used
and
how
we
move
forward.
We're
going
to
continue
and
conduct
energy
audits
and
work
with
departments
on
sustainability
plans
and
again-
and
I
want
to
close-
I
want
to
we're
going
to
be
reimagining
cultural
affairs
events
and
programming.
I
we
hope
that
the
tulip
fest
will
happen
this
year.
A
A
F
E
It
was
twice
a
day
right,
because
at
that
time
our
fire
department
had
a
lot
of
exposure
until
we
were
able
to
come
up
with
some
solutions,
working
with
albany
medical
center
to
get
them
quickly
tested
and
because
we
would
have
been
serious
trouble.
That
has
been
fairly
successful,
and
that
is
something
that
I
know
the
mayor
and
I
it's
one
of
the
first
things
we
look
at
in
the
morning.
So,
yes,
we
do
track
them
and
it's
something
I'd
be
happy
to
share.
F
Yeah,
if
you
can
provide
us
information
by
department
sure
in
terms
of
the
numbers
that
you
know
that
might
be
in
quarantine,
there's
been
some
chatter
out
there
about
apd
and
dgs
right
now,
particularly
being
impacted.
I
don't
know
if
that's
the
case
or
not,
but
I've
been
hearing
some
of
that
and
I
think
it'll
be
helpful
to
council
members
to
know
what
the
impacts
are
and
what
impact
that
that
potentially
has
on
service
delivery.
E
E
E
We
constantly
remind
our
offices
that
socially
distance
spread
out
those
who
can
work
from
home.
You
know
try
to
to
work
on
rotating
schedules
and
then
there's
just
some
some
jobs
that
cannot
require
that.
So
again,
it's
when
I
say
that
in
general,
people
are
stressed
out.
Yes,
we
do
have
an
increase
of
employees
that
are
stressed
for
lots
of
different
reasons,
whether
it's
child
care,
their
job,
their
life,
and
so
we
have
an
eap
system
and
it
is
an
employee
assistance
program
and
it
is
definitely
more
robust
than
in
previous
years.
F
And
right
now,
in
terms
of
cultural
affairs,
programming
and
events
and
festivals,
like
I
think,
pyrolytic
tulip
fest
is
the
first
one
that
would
ordinarily
come
up
so
right
now
you're
moving
forward
and
then
with
the
possibility
of
doing
a
live
festival,
as
opposed
to
going
virtual.
At
what
point
I
like,
assuming
I
think,
duo,
fest
is
the
first
one.
E
Well,
I'm
not
a
professional
event
planner,
but
I
mean
we
definitely
have
to
take
a
lot
of
our
direction
from
the
state
of
new
york.
What
type
of
what
type
of
event
we
could
actually
produce
outside?
So
I
would
say
that
we
will.
You
know
we
still
want
to
engage
our
sponsors
because
they
really
do
help
us
a
lot
and-
and
some
of
the
programming
is
fairly
strong
and
we
are
working.
E
G
E
But
at
the
same
time,
cultural
affairs,
when
they're
not
producing
events,
are
absolutely
embedded
in
admin
services,
so
they
manage
the
ambassador
ships
at
the
front
desk
when
anyone
enters
city
hall,
which
is
a
lot,
they
also
are
in
my
payroll
department.
They
are
doing
backfill
in
human
resources
department,
so
they're
helping
out
in
lots
of
different
departments
and
they've.
E
E
We
well
obviously
it's
down
a
little
bit,
but
when
they
do,
we
continue
to
engage
our
corporate
sponsors
with
all
the
events,
so
they
have
cash
for
coats
that
is
coming
up
next
month.
They
have
a
fall
festival
that
supports
farmers
markets,
so
they
allay
medina
who's.
The
director,
who
really
comes
with
a
strong
background
in
sponsorship
sales,
is
it's
just
that
continued
communication
engagement.
So
when
we're
ready
to
go
they'll
be
there
to
support
the
city
of
albany,
and
you
know
there.
There
are
ways
you
see:
mvp,
helping
the
police
department
out.
E
H
E
Oh
jamel,
I
the
it
is
run.
The
website
is
being
run
out
of
the
there's
a
committee,
my
it
director
is
on
it.
The
features
that
we
are
really
working
on
right
now
is
the
intranet
which
we're
trying
to
launch
first
for
our
employees
to
make
sure
that
that's
in
place
so
they're
able
to
use
all
the
modules
for
their
benefits
and
training
and
whatnot.
E
I
have
my
wish
list
of
the
website,
but
again,
there's
every
single
department
is
going
to
own
their
own
content
on
their
website,
so
because
admin
services
is
not
as
public
facing
I'm
worried
about
the
back
end,
which
is,
of
course,
our
security
and
as
well
as
behind
I
get
to
do
like
the
not
pretty
parts.
Sarah
camp
who
works
in
the
mayor's
office.
Is
the
project
manager
on
it,
but
I
can
get
you
more
information.
D
Sorry,
thank
you
rachel.
It's
very
nice
presentation,
just
a
couple
of
past
questions.
Did
we
lose
any
employees
to
covet,
or
is
that
like
public,
not
public
or
and
the
other
second
question
would
be,
do
we
have
anybody?
That's
like
long-term
disabled
because
of
it.
I'm
just
that's
some
of
the
things.
E
No,
those
are
very
good
questions.
We
are
very
fortunate.
We
have
not
lost
an
employee
to
covet
that
being
said
how
the
city
manages
workers.
Compensation
is
through
a
third
party
administrator
and
it
is
b.
We
are
really
waiting
for
more
legislation
of
how
we
are
tracking
those
who
have
coven,
which
I
think
is
what
councilman
conte
is
interested
in,
seeing
where
the
trends
are,
but
also
down
the
line.
We
don't
know
how
covid
is
going
to
fester
in
someone's
body
right,
so
we
could
have.
E
So
if
you
go
back
to
9
11
and
we
look
at
those
who
are
down
in
9
11,
some
of
their
symptoms
did
not
show
up
six
seven
ten
years
down
the
line,
so
they
are
being
tracked
as
workers.
You
know
worker
compensation
claims
and
when
they
recover
in
case
that
comes
back,
but
but
again
we
have.
We
need
further
state
legislation
to
understand
this.
This
virus
and
its
lasting
effects
so
stay
tuned.
So
thank
you.
G
E
Yeah
at
all,
I
think
the
number
is
a
is
a
little
high
in
dgs
I
think,
there's
about.
I
don't
think
it's
that
many
vacancies,
but
yes,
I
would
definitely
say
that
there
are
there.
There
is
a
level
in
that
particular
workforce
in
recruiting
that
it's
just
either
the
salary
isn't
competitive
enough
or
they're
just
making
more
unemployment,
because
the
stimulus
wasn't
continued.
Now
folks
are
just
making
unemployment.
I
don't
think
they're
making
that
much
outside
of
their
it's
less,
but
it's
not
the
same.
Okay,
yeah.
E
A
Well,
thank
you
so
much
rachel
for
that
really
wonderful
presentation.
We
really
appreciate
it
and
please
thank
your
team
for
all
the
hard
work
that
they
do.
We
could
have
been
in
many
I
mean
between
the
ransomware
and
covet,
wherein
it
could
have
been
way
way
worse
and
it's
hard
for
everyone,
but
as
a
city
we're
getting
through
it
and
a
lot
of
that's
because
of
your
team's
hard
work.
So
thank
you.
F
C
That
means
I
have
to
unmute
hello,
everybody,
I'm
back
again,
I
sent
out
the
debt
report
for
2020
a
little
bit
earlier
in
the
day.
I
think
everyone
should
have
received
it.
I
don't
know
if
we
were
able
to
put
it
up
on
here
or
if
you
can
just
refer
to
a
document
on
your
computer,
it's
fairly
straightforward.
C
A
C
I
I
fully
expect
that
we'll
be
back
in
fiscal
stress,
for
you
know
as
designated
by
the
comptroller
for
the
2020
budget,
but
you
know
it's:
it's
not
going
to
be
as
bad
as
it
probably
could
have
been
for
the
debt
report
that
yeah,
what
you
have
in
front
of
you
is
a
fiscal
stress
score
it
just
kind
of
lays
everything
out.
It's
it's
really.
One
of
the
things
you
you
come
to
understand
looking
through
it
is
that
it's
very
fun
balance
heavy.
C
F
C
It's
it's
the
first
page
and
a
half
essentially
is
is
mostly
a
rehash
of
information.
That's
already
been
provided
to
you
over
the
past
several
debt
reports,
the
first
chart
on
page
two
is
just
a
breakdown
of
what
our
debt
expenses
are
compared
to
our
budget
as
a
as
a
target
and
as
a
matter
of
city
policy,
we
try
to
keep
within
10
percent
of
our
our
total
budget
expenses.
C
So
from
the
city
of
albany.
What
you
want
to
have
is
is
debt
expenses
that
are
in
the
neighborhood
of
no
more
than
18
million
dollars
a
year
for
the
purposes
of
our
debt
policy.
We've
excluded
landfill
debt.
So
that's
why,
even
though
we're
paying
out
more
than
18
million
a
year
in
debt
service,
it's
it's
not
for
the
purposes
of
our
city's
debt
policy.
It's
not
counted
that
way.
The
purposes
of
fiscal
stress,
however,
it
would
be
counted.
C
The
good
news
is
that
this
is
the
last
year
of
really
a
large-scale
landfill
debt.
You
can
see
here
under
2020,
there's
about
six
million
dollars
of
landfill
that
are
paying
off
this
year,
and
that
will
be.
We
have
a
million
dollars
more
than
next
year
in
the
year
afterwards,
but
that's
it
as
far
as
landfill
that
is
concerned
again,
the
in
the
verbiage
underneath
that's
all
information
has
largely
been
already
provided
on
page
three.
C
C
The
pay
down
for
the
bans
for
2020
in
2021
for
our
2020
ban
is
not
going
to
be
4.2
million,
as
we
had
expected
and
budgeted,
but
it
is
going
to
well,
I
guess
for
2021,
we
budget
we
hadn't
budgeted
for
it
yet,
but
but
it
was
expected
to
be
4.2
million
dollars,
and
now
it's
going,
it's
gone
down
to
three
million
dollars.
That's
a
direct
result
of
something
that
I
mentioned
last
night
when
I
was
on
the
call
where
the
state
had
extended
banned
rollovers
from
five
years
to
seven
years.
C
H
C
C
You
know
to
the
naked
eye,
it
looks
great,
we've
retired,
you
know
over
100
million
dollars
in
debt
and
we've
only
incurred
about
73
or
so
73
and
a
half.
What
the
chart
does
not
account
for
in
2021
is
what
that
is
that
we
are
going.
I
mean
we're,
we
would
pay
off
some
debt
next
year,
but
I'm
sorry
we
would
obviously
be
paying
all
the
debt,
but
we're
not
we're
not
going
to
be
incurring
a
debt
payment
for
next
year
in
2021.
C
So
we
do,
we
decided
to
ban
in
2020
rather
than
bond,
but
but
bear
in
mind
that
even
with
this
chart
as
far
as
data
should
get
retired,
it
does
not
count
ban
debt
for
it
and
we
won't
2022
is
when
you'll
see
a
fairly
big
jump.
I
think
in
in
bonded
death
the
the
section
in
red
was
negligently
left
as
red
instead
of
black,
so
you
there's
nothing
to
nothing
to
pay
attention
to
in
specific
there.
It's
just.
C
Basically,
it
lays
out
essentially
with
the
what
the
debt
services
and
that
we
need
to
take
an
account
that
about
60
to
65
million
dollars.
We
have
outstanding
as
far
as
borrowing
in
2021,
whether
that
is
as
a
bond
or
as
a
bonded
ban-
we're
not
entirely
positive.
Yet
I
think
the
chart
is
really
just
generally.
The
the
10
figure
shows
a
10
figure
of
of
debt
service
to
general
fund
expenses
to
the
budget,
we're
at
the
10
level
there.
C
E
C
C
You
know
news
to
anybody,
because
it's
been
provided
before
the
only
adjustment.
If
you
go
down
in
that
first
column,
if
we
go
down
to
the
band
pay
down,
that's
reduced
from
4.2
to
3
million
dollars,
as
we
discussed
before
so
you
know
gives
us
a
little
bit
more
breathing
room
next
year,
which
I
think
is
going
to
be
helpful,
that
we
can
use
the
information
underneath
in
the
the
verbiage
is
essentially
more.
C
You
know
just
kind
of
discussing
the
debt
schedule
a
bit.
I
think
I
note
in
the
report
on
the
following
page
that
approximately
2.2
million
dollars
per
year
in
debt
services
for
the
street
light
purchase
and-
and
that
was
something
that
is
paying
for
itself
and
also
realizing
a
reduction
in
costs
at
the
city,
which
has
been
quite
helpful.
C
C
C
C
Would
come
if
we
extended
the
term
of
borrowing?
The
higher
figure
is
if
we
had
a
shorter
10-year
term
of
borrowing.
I
think
that's
really
about
it.
The
the
final
portion
of
the
report
that
estimated
overlapping
overlapping
indebtedness
is
really
just
kind
of
lays
out
what
school
and
county
bonding
are
it's
not
something.
That's
really.
C
You
know
entirely
relevant
to.
I
think
our
deliberations
and
your
deliberations
here,
but
it's
something
that
you
should
be
aware
of.
It's
something
we're
required
to
report
in
our
our
operating
statements
when
we
issue
our
bonds,
something
the
markets
take
into
a
consideration
as
well.
The
last
section,
of
course,
is
the
city
bond
ratings,
we're
we're
a-plus
with
stable
outlook.
Thankfully,
that
outlook
was
granted
the
week
before
covid
really
hit
last
year.
C
The
good
news
is,
I
think,
that
markets
have
really
kind
of
stabilized
a
bit
standard
and
poor's
was
was,
for
a
time
being
basically
giving
all
municipalities
negative
outlook
that
has
changed
a
bit.
So
you
know
the
good
news
is
that
we,
you
know,
we've
been
responsible,
but
our
budgeting
responsible
about
our
borrowing.
We've
been
responsible
about
a
2019
budget
which
provided
a
larger
fund
balance.
We
also
are
you
know
one
of
the
upsides
of
the
state.
C
Not
you
know
pulling
its
fair
share
really
at
the
city
as
far
as
as
far
as
revenue
given
to
the
city
compared
to
other
upstate
municipalities.
Is
that
we're
less?
You
know
the
proposed
20
cut
of
of
local
aid
affects
the
city
less
than
it
does
say.
The
city
is
connected
to
buffalo,
syracuse,
rochester,
utica,
et
cetera,
or
the
school
districts
for
sure.
So
you
know
our
our
bond
rating,
I
think,
is
the
outlook
is
still
pretty
strong.
C
D
Darius,
I'm
doing
wishful
thinking
here
if
the
election
turns
out
really
good
on
november
3rd.
What
happened
we
saw
when
president
obama
was
elected?
It
was
like
a
mass
infusion
to
projects
and
states
and
stuff.
Do
we
have
stuff
lined
up
that?
If
something
like
that
were
to
happen,
we're
ready
to
go?
You
know
with
bonding
and
stuff
like
that.
C
C
We
would
hope,
but
also
if
something
came
available,
that
we
can
take
the
opportunity
to
do
that
and
also
figure
out
what
our
bonding
obligation
and
component
of
that
would
be.
So
if
it's
a
you
know,
20
match
from
the
city,
then
we're
you
know
we're
able
to
kind
of
to
go
out
and
do
something
like
that.
C
So
you
know
the
biggest
hope
that
we
have,
and
that
I
have,
I
think,
from
from
a
change
in
the
administration
is
getting
the
pandemic
relief
bill
passed
the
one
that's
sitting
on
mitch
mcconnell's
desk.
If
that
happens,
then
I
think
we'll
be
in
a
very
strong
shape
for
next
year,
because
all
the
hard
work
that
we've
done
over
the
last
several
years
won't
be
undone
by
the
financial
mess
that
we're
that
we're
in
right
now,
with
the
reduction
in
state
projected
reduction
in
state
aid
and
sales
tax
in
particular.
A
A
I
I'm
sorry,
you
can't
see
me.
I'm
in
transit
right
now
back
ran
into
a
lot
more
traffic
than
I
anticipated
darius.
I
was
having
a
hard
time
hearing
what
you
projected
on
page
six
with
regard
to
it
does
not
include
any
of
our
band
payments
as
though
they've
been
bonded,
so
you
were
saying
if
we
bonded
it
everything
that
is
currently
banded,
it
would
add
how
much
per
year,
to
that
debt
service
schedule.
C
It
depends
on
how
on
interest
rates,
obviously,
but
also
how
long
we
decide
to
to
extend
the
debt,
but
I
think
anywhere
between
four
four
four
and
three
quarters
and
seven
and
a
quarter
million
dollars
per
year
in
debt
service.
It's
something
that
that
we
can
do
and
and
the
first
payments
wouldn't
be
due
until
2022.
So
it's
something
that
we
can
still
do
under
the
under
the
debt
policy
without
much
difficulty.
C
The
the
question
will
be
what
we
actually
and
that's
a
worst
case
scenario.
I
think,
where
worst
is
not
quite
the
right
term
to
use.
That
is
the
scenario
where
everything
gets
bonded
all
at
once.
If
we
are
able
to
use
other
monies
to
to
put
towards
projects
or
decide
some
projects
come
out
cheaper,
then
they,
then
they
they
were
expected
to
be.
Originally.
A
C
Terms,
it's
all
yeah,
it's
all
governed
in
the
you
know.
It's
like
this
big
giant
pool
that
you
put
the
that
that
you,
you
put
all
the
money
into
and
then
you
know
you
have
to
pay
off
you're,
not
really
paying
off
the
three-year
bond
in
three
years.
You
know
it's
kind
of
all
goes
together,
but
for
for
the
function
of
of
of
how
you
calculate
it
and
then
when
and
the
maximum
turn
that
you
can
actually
borrow
for
any
bond
that
is
governed
by
the
ppus.
I
C
I
I
C
That's
why
I
fully
explained
in
the
bottom
that
that
you
have
to
take
into
account
that
there's
still
bond
authorizations
in
a
ban.
That's
out
there!
What,
where,
where
the
the
ban
is
taken
account
here.
Is
the
debt
retired
part?
So
when
you,
when
we
retire,
you
know
the
portion,
we
actually
pay
off,
that
that
counts
the
debt
retired.
It
doesn't
count
as
debt
issued
until
we
actually
issue
bonds,
as
opposed
to
bans.
J
So
if
I
can,
if
I
can
chime
in
here,
it
looks
as
though
for
2020
and
2021
the
numbers
for
debt
retired
include
from
the
p.
I
schedules
the
principal
and
interest
from
the
bonds,
as
well
as
the
principal
and
interest
from
the
bands.
So
for
free
year
2020,
the
total
p
I
for
bonds
was
20
million
107
406
the
band
payments
were
3.144
million,
which
adds
up
to
the
number
that
darius
has
there
2021
also
for
debt
retired.
J
I
G
B
C
It
it's
hard
to
give
you
an
average
rate
off
the
top
of
my
head.
However,
I
will
say
that
the
rates
that
we
went
out
the
ban
rates
had
gone
up
a
little
bit
in
the
last
couple
years
and
you
can
see
on
page
two
where
you
can
see
some
of
the
banned
interest
rates
that
we've
been
paying
for
the
last
few
years.
They
have
gone
up
a
little
bit
and
we
paid
more
in
interest.
C
I
think
on
the
2020
ban,
certainly
than
we
had
expected
and
certainly
more
than
what
was
the
week
before
it
was.
It
was
a
crazy
week.
That's
all
I
can
say
we
actually
delayed
the
issuance
of
our
debt
for
a
few
days,
waiting
to
see
how
the
markets
would
settle,
they
kind
of
did,
but
but
we're
still
paying
2.25
percent.
C
C
A
A
We
do
indeed
so
if
there
are
no
further
questions,
we
can
sign
off
for
the
evening
just
a
reminder
of
our
upcoming
meetings.
Next
week
we
have
thursday,
the
15th
we'll
be
doing
apd
and
afd,
I'm
assuming
that
will
be
a
longer
meeting,
so
make
sure
that
you
have
snacks
and
other
provisions
and
then
the
following
week
on
the
19th
there'll
be
a
budget
hearing
before
the
first
budget
hearing
before
the
council
meeting
and
then
on
the
21st.
A
We
have
buildings
and
regulatory
compliance
and
planning
and
then
the
22nd
we
have
dgs
so
just
to
mentally
prepare
everybody.
For
all
of
that,
I
appreciate
what
everyone
is
doing
and
I
hope
everybody
is
safe
and
that
the
your
wards
are
all
kind
of
coming
back
together
and
getting
power
and
everything
and
staff.
Thank
you
guys
so
much
for
everything
that
you've
done
and
everything
you're
doing
really
appreciate
you
so
enjoy
the
evening
and
we'll
see
each
other
very
soon.