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That absent of prepayment we need 26 onetime rate increase. Followed by smaller ones after that. However now we would be able to shave off 14 . A pretty material amount of money as lower rate increases in 14 and 15. The schedule is for your consideration, and then to the board of supervisors in january, and bawsca would be teed up to the bonds in january. Thank you. Commissioner moran. I would like to make a comment. This is amazingly good. Its something where a need was identified that turned out to benefit us and bawsca. Bawsca had to do the heavy lifting, between legislation and corralling ...

Customers is cost savings. Because of low interest rates. And its the same story you heard on us selling to low cost bonds. To repayors its a timely difference of when we receive money. It allows us to smooth out and have lower rate increases over the next five years. On the other hand we wont have interest earnings on the portion no longer outstanding. Its a trade off. But contractually wholesale customers are able and have the right to do this under the contract. Before you is the prepayment and collection agreement and the tax certificate. Because thats integral on the tax exempt borrowing ...

And its the same story you heard on us selling to low cost bonds. To repayors its a timely difference of when we receive money. It allows us to smooth out and have lower rate increases over the next five years. On the other hand we wont have interest earnings on the portion no longer outstanding. Its a trade off. But contractually wholesale customers are able and have the right to do this under the contract. Before you is the prepayment and collection agreement and the tax certificate. Because thats integral on the tax exempt borrowing that bawsca will be doing on the proceeds. The use of proc...

Effort and target eed residentsn phase 1 are aware of the program and its costs. Funds associated with the contract would be utilized for citywide telephone surveys and grassroots programs like environment now, and for television, and advertising services, for Graphic Design services and other types of outreach for the education of the cleanpowersf program. Its our commitment based on the feedback from you and the board of supervisors to ensure that the customers know what this program is. And how that opt out. And if they choose to stay with the program to understand the features. In closing ...

Public hearing or wosh workshop, i would appreciate that there is time on the agenda so the others could be heard. I would like to announce that the board approved in the meeting the issuance of bonds. Your staff has it on agenda to get your improvement with bawsca to work it out. And appreciate all the work of the attorneys and outside attorne attorneys. And we worked well together, this matched what our board approved. No need to go back for other approvals. I hope we can go forward today and issue bonds in midjanuary, thank you. Any Public Comment on this item . Hearing none, Public Comment...