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 that bawsca will be doing on the proceeds. The use of proceeds is a commitment that we make in the representation of the tax covenant. It says that we will use these for eligible tax proceeds. We have plenty of items that you approved. And they include our Capital Project expenditures that are appropriated to large part. And includes the repayment of bonds. By using these proceeds to repay bond se
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 proceeds is a commitment that we make in the representation of the tax covenant. It says that we will use these for eligible tax proceeds. We have plenty of items that you approved. And they include our Capital Project expenditures that are appropriated to large part. And includes the repayment of bonds. By using these proceeds to repay bond service it allows low increases for rate payors. This gives
To wish all of my fellow commissionerers a happy new year, it is kind of the end of january, but it is still the beginning of the year and we have not seen each other for quite some time and i hope that you had a Great Holiday and it is good to see you again, and happy new year to all of you in the audience as well and we are glad that you could join us today. Roll call . Commissioner renne . Present. Commissioner andrews . Here. Commissioner hur . Here. Commissioner keen, n here. Are there matters that we are going to be discussing or do not appear on the agenda at this time . Good evening commissioners my name is dr. Derek kur a whistle blower, please note bill 496 that took effect this month has expanded protections for whistle blowers and it prohibits anticipation retaliation, whereby the employers retaliate because they believe that an employee may disclose information to authorities. It reminds us that retaliation sometimes proceeds the actual whiesle blowing, the employee finds
Commissioner vietor. I dont know where to start here, there is a lot on the table. First of all i want to thank steve ritchie, i know how full your plate is. And i know how long you have been working on this, and how complicated it is in some ways. And in some ways not that complicated. But i know how much effort you put in. And i want to thank but for the Lake Merced Task force, but for all of you coming and keeping us on point on this. And reminding us the history and value of this important asset of the pucs. And i am also discouraged that no one from rec and park is here. Because i feel like they should be. Its an important conversation and we are trying to get a common understanding if not relationship going with regards to this site. To keep on a bigpicture view. There are several assets that the puc, parks and real estate that the puc owns that rec and park manages. And i dont know if we have, maybe this is a conversation for a later time. Mous for each individual parcel. Or an
Reason its there is as mitigation for the plant thats there. And its not intended as a market kind of [speaker not understood]. If you could give that summary to us, that would be very helpful. We would be glad to put that together for you. Ahead of the hearing . Head of the hearing. Great, thank you. Dr. Juanita dreier. Thank you, good afternoon. President torres, Vice President courtney and members of the commission. Im here during the Public Comment part because what i have concerns about are within your jurisdiction and its not on todays agenda. During the holidays i got many calls, many calls from students who had stories to tell me about why they were not going to be able to finish their ged degrees as a result of the southeast campus not having enough space for them, and also because of transportation issues and turf issues. I dont have three minutes, thats not enough time for me to talk about all the problems. But thats one concern. My other concern has to do with seniors who h