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Suffering. The fed will use the full range of tools. Powell also saying that the actions are only part of a broader response. Powell also saying that the scope and speed of the downturn is without precedent. Andill hear from jay powell treasury secretary steven mnuchin, two people who right now appear to be working relatively handinhand. It is a big part of the reason why you are seeing risk assets rise as much as they have on a day like today. Moderna that a vaccine might be in the cards. Taylor i think the key takeaway is, yes, the market could be trading on economic data. There, but for the...

The overhead. So, this is for quick, everyones recollection in 2007, proposition a allowed us to issue Revenue Bonds at this time. Both you and the board of supervisors have to authorize the issuance and the controller has to certify that we have the Financial Capacity to pay the annual debt service. In 2012 we issued our first Revenue Bonds and got our first set of ratings which were split. Moody was a a and single a and we had a former policy to issue our Revenue Bonds for state of good repair projects of primarily and to fund gaps where they werent available. So, our state of good repair ne...

Everyones recollection in 2007, proposition a allowed us to issue Revenue Bonds at this time. Both you and the board of supervisors have to authorize the issuance and the controller has to certify that we have the Financial Capacity to pay the annual debt service. In 2012 we issued our first Revenue Bonds and got our first set of ratings which were split. Moody was a a and single a and we had a former policy to issue our Revenue Bonds for state of good repair projects of primarily and to fund gaps where they werent available. So, our state of good repair needs are quite significant as im sure ...

First criteria was to fix the gap, the 2012 Revenue Bonds wechlt looked at the projects with 5 years, we looked at the program that had data good repair shortfalls and make sure they align with the Strategic Plan and the strategies and we looked at the bond asset requirements in terms of the asset life running 30 million, the project timeline would have to be within 36 months and the cash flows and the ability offset to free up other funds. So, this is the 150 million that we are proposed for 2013 bonds. Once again, 90 million is going to transit, 14 million going to bike program, 30 million t...

Million in Revenue Bonds. Depending on the market this will probably come down. We are asking your approval related today bond financing. Let me go through a quick presentation on the overhead. So, this is for quick, everyones recollection in 2007, proposition a allowed us to issue Revenue Bonds at this time. Both you and the board of supervisors have to authorize the issuance and the controller has to certify that we have the Financial Capacity to pay the annual debt service. In 2012 we issued our first Revenue Bonds and got our first set of ratings which were split. Moody was a a and single ...