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20:39

Yeah, because, you know, when you pass legislation, it's important that when we pass it, uh, we know what we're we know what it's actually really going to cost us because we don't, we don't know what the interest rate's going to be yet. Uh, so I think the next time we get something like this, I think it should be a little more specific on, you know, what's it, what's it actually going to cost the citizens of the city here, you know, what's it going to cost us to actually borrow this. I think that's important. I mean, it's a great project, but it's, it's, it's important that, you know, we know, we actually know So when we're actually looking ahead, you know, what it's actually going to cost the city when we're doing our budgeting. Yeah, so yeah, this is something that should have been done years ago.

21:46

Well, we hope, we hope it's— but we're going to be paying interest on this. Are they going to be— yeah, we're going to be— it's a short-term, it's a short-term interest payment. What's it actually going to cost us? $250,000. Yeah, what's it going to cost— what's it going to cost us in interest?

16:10

And you'll see on, uh, we have an intermission municipal agreement here. Uh, it was dated 1/7/26. That we've included in the package. All right, any questions on this? Everybody good with this? Thank you, Paul. Yeah, well, it's about to stay up there. Okay, we have another one, a bond ordinance dated January 1st, 2026, authorizing the issuance of a $2,500,000 serial bond to the City of Utica Oneida County, New York, to finance the cost of the construction of improvement to Nail Creek. Also included in there, we have a copy of the grant.

21:36

But it's important for us to know what it's actually costing us, what it's going to cost us to borrow this. Because that's what we're here for, is actually the damage that we've—

22:06

Yeah, well, it's still— we're still borrowing money. And we need, we need to know what that's going to cost us to borrow the money, right?

Well, we hope, we hope it's— but we're going to be paying interest on this. Are they going to be— yeah, we're going to be— it's a short-term, it's a short-term interest payment. What's it actually going to cost us? $250,000. Yeah, what's it going to cost— what's it going to cost us in interest?

And you'll see on, uh, we have an intermission municipal agreement here. Uh, it was dated 1/7/26. That we've included in the package. All right, any questions on this? Everybody good with this? Thank you, Paul. Yeah, well, it's about to stay up there. Okay, we have another one, a bond ordinance dated January 1st, 2026, authorizing the issuance of a $2,500,000 serial bond to the City of Utica Oneida County, New York, to finance the cost of the construction of improvement to Nail Creek. Also included in there, we have a copy of the grant.

But it's important for us to know what it's actually costing us, what it's going to cost us to borrow this. Because that's what we're here for, is actually the damage that we've—

Yeah, well, it's still— we're still borrowing money. And we need, we need to know what that's going to cost us to borrow the money, right?