ken cleveland, arnold lob. the current officer is pamela june. the proposed series 2011 bonds were -- would finance the purchase equipment bonn for 2010, 2011. the city request consists of fire department, police department, dph, dpw, and rec and parks. the city requests the finance corp issued a series 2011 a bonds in an amount not to exceed 16.8 $5 million. currently we only expect to issue $16 million in bonds. it added authorization provide the city with flexibility to address an interest-rate in other market conditions. per charter section 109.8, the charter costs needs to reflect that the interest rate will be lower compared to other borrowers. the series 2011 a bonds are expected to be sold on or about april 19, 2011, as soon as a stable market bond conditions, and will close two weeks after the sale. debt service will be payable on april 1 and october 1 of each year through april 1, 2017. the first payment will be due on october 1, 2011, and the principal payment will begin on october 1, 2012. there are other related financing documents i