In keeping with the provisions of Section 20-93 of the Denver Revised Municipal Code (the “DRMC”), it is the Department of Finance’s intent to issue City and County of Denver General Obligation Bonds, Series 2018A-B in a par amount not to exceed $270,000,000.
So. Thank you. Okay, great. All right, we have. That was our presentation. Madam Secretary, you have any communications? Yes, Mr. President. Dear Counsel. President. In keeping with the provisions of section 20, Dash 93 of the revised MySQL code DRC, I'm hereby notifying you the Department of Finance's intent Tissue City and County of Denver General Obligation Bond Series 2018 A through V in a poor amount not to exceed 270 million. The Series 2018 A bonds will fund approximately 193 million of bond projects identified as part of the 2017 General Obligation Bond Authorization approved by Denver voters in November 2017. The series 2018 B bonds in a poor amount up to 77 million will refund the existing Series 2008 justice system bonds to achieve interest cost savings. The bonds will be issued as tax exempt fixed rate obligations with a term not to exceed 15 years. The bonds will be a general obligation of the city, secured by the full faith and credit of the city, and are payable from general ad valorem taxes on all the taxable property within the city. The company Attachment eight contains a more detailed description of the financing as required by Section 20. Dash 93 Perrin B of the DRC. Sincerely, Brendon J. Hanlon, Manager of Finance. All right, thank you, Madam Secretary. To those of you listening, you voted overwhelmingly, about 70% for these bonds to pass. The first issuance of these bonds, $193 million of these bonds will be issued this summer. And so that was that whole communication, just in case you got lost in translation.