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A
Okay,
so
we're
calling
to
order
the
finance
subcommittee
meeting
of
city.
A
Of
bloomington
utilities
on
november
8,
2021
and
the
item
on
the
agenda
is
to
listen
to.
B
You
all
letting
me
join
virtually
today
before
we
go
through.
I've
got
a
couple
slides
that
sort.
B
B
B
B
Sewage
works
revenue,
bonds,
gross
savings
projections
are
in
the
ballpark
of
about
600
000.
B
B
Have
the
sale,
but
things
have
stayed
relatively
stable.
You
know
they're
up
a.
B
Certainly
want
to
take
advantage
while
rates
are
good,
and
so
that's
why
we're
suggesting
this.
B
B
B
B
Granted
that
everybody
understands
the
sewage
works
and
the
water
utility,
but
we're.
B
Talking
about
refinancing
the
sewage
works
bonds
right
now,
they're
called
utility
revenue,
bonds.
B
B
B
B
Indirectly,
we
pay
it
back,
it's
factored
into
the
coupon
rate
of
the
bond,
but
the
coupon
rates.
B
Can
can
vary
based
on
bonds
being
at
you
know,
if
they're
issued
at
a
premium,
the
coupon.
B
B
But
also
the
all
the
bonds
at
I
believe
on
january
15
would
be
the
date
that
those.
B
All
would
be
settled,
but
so
that's
where
that
six
point
we're
basically
receiving.
B
B
The
relationship
there
in
just
a
moment,
but
the
other
funds
that
we're
gonna
add
to
the
deal.
B
B
B
C
C
C
B
You
guys
are
paying
attention
I'll,
tell
you
so
any
rate,
that's
our
sources
and
uses.
B
A
fund
schedule
they
we
get
different,
runs
on
the
actual
payment
schedules,
but.
B
B
B
And
account
for
the
premium,
the
5352
000
bond
premium,
the
the
actual,
true
interest
cost.
B
B
B
Does
is
there,
are
there
any
questions
that
that
you
all
have
or.
A
You
know
mike
my
question
is
that
it
seems
that
last
year,
maybe
a
year
ago
or
so.
A
Then,
when
the
rates
were
even
better
well,
there's
some
limit
to
what
we
can
do
in
a
year.
B
The
bonds
in
advance
of
the
call
date,
but
and
then
you
put
the
money
in
escrow
for,
however
long.
B
B
You
know
believe
me,
laura
and
jeff
are
on
top
of
these
things.
Whenever
they're
eligible
to
be.
B
Called
we're
looking
at
them
and
but
that's
an
excellent
excellent
question.
I
hope
that
answer.
B
B
Yeah,
no,
you
guys
have
really
terrific
folks
running
these
utilities.
For
you,
it's.
B
Rating
call
last
week
loud
and
clear
and
mega
and
amanda
you
have
any
questions.
A
Okay,
I
think
if
there
are
no
questions,
then
we
need
a
vote
of
the
subcommittee,
whether.