We are interested in hearing from anyone who has done a technical defeasance, or anyone who is familiar with this process. We were recently approached by a financial advisor who has offered to help us refinance our outstanding Revenue Refunding Bonds which are not subject to redemption until May 1, 2001. The financial advisor suggested that we do a technical defeasance in February (to take advantage of the lower interest rate) and invest the funds for 90 days prior to the May 1st redemption. Any comment by Wednesday afternoon will be much appreciated. I will summarize results and share with everyone. Thanks. Helen Del Rosario Fairfield-Suisun Sewer District (707) 429-8930
