and to the republic for which it stands, one nation under God, indivisible, with liberty and justice for all. >> Welcome to all visitors. We have all directors present with the exception of director Marcus and Director Get.
Director G may be joining us in a little bit. Just a little late out of work today. Um 2.0 approval of the agenda. I have not heard of any additions. >> There'll be no high school
>> no high school student council report today. >> We'll scratch that agenda. >> Make a motion to approve the agenda as as uh amended. All right, we have a motion and a second. Is there any further discussion?
Hearing none, all those in favor signify by saying I. >> All oppose, same sign. >> Motion carries. >> I'm usually in meetings where I can vote. >> All right. 3.0 consent agenda. Um, listed are the items in the consent
agenda. Minutes from our regular meeting, uh, minutes from the special board meeting, payroll checks and direct deposits, finance checks and wires, fund balance report, expense, revenue report, and the bond report. Make a motion to approve this agenda. >> I'll second.
>> All right, we have a motion and a second. Is there any further discussion? Hearing none, all those in favor signify by saying I. >> I. All oppose. Same sign. Motion carries. 4.0 public comment.
None. All right. 5.0. Post 5.2 Elementary student council student leaders. The lone representative. Hi, I'm Zer. I'm from the models and student leaders. I'm going to be taking
over from Mason Mason Daniel and um from fourth grade. He's from sixth. Today's month is positive performance is coping.
For March, we taught the strong leaders about I mean students about coping. Coping means finding healthy ways to handle their feelings and how situations. Imagine you have a toolbox filled with helpful tools. When something hard happens, you pick a tool
to help you. Here are some examples. Moving your body helps. Another way to cope is to take deep breaths. Talk to an adult or a friend. If you are feeling strong emotions, talk to a
teacher or a friend. They will make you feel better. Drawing or writing can help you express your feelings. Sitting down or just calming down can help you cope.
I'm good at using positive selft talk can help you whenever you need it. I'm good at this. I can do this. Coping helps you feel calmer, make better choices, solve problems, stay
kind to yourself and others. The game that we have for this month is do you have a pot of gold? It's like the do you have a snowman game. These are the rules. There are two
leprechauns like this. You hang it on the inside of your door. When your class is in the room and someone asks, "Do you have a pot of gold?" You must give them give them the door hanger if you have it. At a random time, an announcement
will say, "If you have the pot of gold, come down to the office, please." The prize will be a pot of gold with gold coins. The student leaders bought the chocolate coins for the winning classes. >> Thank you for listening.
Any questions? >> What grade are you in? >> Um, I'm in four. Four. I don't have any questions, but I want to say you did a very impressive job jumping in there all by yourself. >> Absolutely. >> It's not easy. So, very good job. >> Good job.
>> Thank you. >> All right. 6.1 um accept not accept donations to the school district. Um there is quite a lengthy list of them. Um it looks like the vast majority of
them are u for the book fair. Um I'll let you all read through them and then we would be um looking we need a motion in a second and then a roll call vote to accept all the donations as one. I'll make a motion to accept donations
as listed. Second. >> All right. Have a motion and a second. Is there any further discussion? Hearing none, we'll do a roll call vote. Director Dupong, >> yes. >> Director Piston, >> yes. >> Director Munter, >> yes. >> Director Nelson, >> yes.
>> Director Bosler, >> yes. Thank you to all those for their donations. >> All right, 7.0 reports. Uh, we'll start with elementary principal report. >> Yes. If you look at our enrollment, you can see we're we're down a couple of
students. Um overall enrollment, we're at 338. That's through uh preK through sixth grade. Uh we did have family that changed residents recently. So we saw a decline in our enrollment due to that. So any
questions on this month's enrollment? uh attached I put on there that in regards to book fair um it's just a flyer that will be sent out or has been sent out in regards to the book fair and this listed uh days and times of the
book fair. Um also there's a link where you can go uh to the models elementary school site for the book fair and I was on there earlier and just a handy tool. Um they have different options for you.
Uh book fair e-wallet. Um also that no kid should leave the fair empty-handed. So if you want to contribute uh to the to a student or to a pot uh so students would receive a book, you can also do that too. Uh and helping buy new books.
So we look forward to that. I'm not sure yet what the theme is. Usually we have the theme. I guess I didn't ask Joy about that. So but we're looking forward to that. Um again that will be March 23rd uh through the 27th
of the book fair. Next item I have on there is we have parent conferences uh March 12th. Um obviously whether I may be an impact maybe not but uh we had 95% attendance. Um and I do know
some of our teachers are conducting conferences even this week uh that either were rescheduled or originally scheduled for this week. So very well attended um like always great opportunity for parents uh to ask questions uh teachers to share
information on their child but also gives me an opportunity if parents uh need some time to visit. So it was a good night. Item number four attaches our MCA testing schedule.
Obviously with that schedule, um it's pretty much set, but there are some changes uh that are going to be made. I know our third grade had to um shift some things in regards to the third grade musical, but all in all, pretty set schedule for our MCA testing that
will begin here at the end of this month. uh and then will be completed uh the middle of uh April and towards the end of April. Also with that MCA testing, we also have some test monitoring certification that
needs to happen. That's not only our teachers grades three through six, but also any support staff that help in testing. So there's three videos uh that you have to complete to be certified. Um and most of our staff have completed. We have a few left that need to complete
that, but that will be done prior to the start of MCA testing. So, thank you for all the staff uh who put in the time to get that completed. Um, and obviously we look forward to the testing. We also look forward it to be done.
Any questions on NCA testing schedule or test monitoring? Okay, we had to reschedule. I on my report I had ICS session that was scheduled for March 13th due to being late a late start and also with ICS traveling uh it
was best that we just rescheduled. So that has been rescheduled for Monday, March 23rd and that will be for all prek six teachers, gened teachers, specialties um and also support staff if they would
like to attend. One other thing I'd like to mention is that we had some parent training on uh March 12th and that was for React. Um that's literacy training that's required like I'd mentioned uh at the past meeting
that all support staff that training is needed. So we have the first half of our our training uh and it went well. It was well attended. Um our next session will be April 14th. Um and again that's an
early out date. So our paris will be in that second session from like 1 to 5:00 p.m. So first session went really well. I also listed some upcoming important dates. Obviously March 19th is end of
quarter 3. March 20th no school again. March 23rd through the 27th book fair. April 1st is our next read training where we will have no school for K through three. That'll be our last uh calendar interruption of the school year
for this year. Uh next year's calendar will again very similar. Uh April 3rd and April 6th we're off for uh Easter. That'll be good Friday and Monday. Then April 14th is our early out
for students. Again, we will have some training for our repairs on that day and then also some staff to development uh festivities that will go on that day. That is yet to be determined. >> That's what I have for my monthly report. Any questions?
Thanks. Thank you. >> Okay. Thank you. >> 7.2 high school principal report. >> Yep. Uh at the point when I put together my report, uh some things have changed. As of late, we've had another seventh grader go online as well as our eighth
grader going online. Uh, and so we're going to be down when we have new numbers in the month of April. It'll look a little bit different. So if we really want an updated number, we're at 255 at the high school.
Uh, some student in the spotlight. Just want to make mention Caleb Richardson uh was down at the uh Senate with uh uh Tanner Big and and the two were down
there for uh the FFA chapter and they had attended a meeting at the state senate. You can see there where I received an email after they had been down there uh from an individual and he had mentioned that he had previously
been a teacher and uh he's now the sergeant-at-arms at the Minnesota Senate and he just wanted to compliment how well behaved and and mature uh our FOST representatives and particularly Caleb Richardson were
he had a couple of different opportunities to uh meet up with Caleb and different things like that. Just very very impressed. So I think it's important that we note that. Um school safety items, we have our district safety meeting coming up on
Wednesday. Um we have not come together in a little while in terms of bringing in EMT, law enforcement, uh uh city fire, and all those things. Uh so we'll kind of bring them up to speed on anything that's uh new in that area.
Um, our custodial staff are all up to date on our E3 system. Uh, more and more schools in the area are starting to uh go with the E3 as well. I've had a couple other school districts call me as of late and ask
about it. And then uh on March 6, we actually had to utilize our our hold. We actually had a medical emergency take place in the building. And uh you know under Denise Stankey's guidance we've organized a team we've uh practiced a
couple different times and and uh we got to put things into play in real life and we found out how uh well prepared we were. We found out there was a thing or two that we needed to uh make an adjustment to and yeah it's one thing to practice another
thing to have it happen. So, but I think because of our E3 system, we were able to respond a lot quicker and staff were able to do what they needed to do in terms of quite honestly holding kids out of the way.
Um, student mental health, we had a guest speaker today here at the high school, Brena Holen. Um, I believe she's with the Northwest Co-op and, uh, she came in and talked with our seventh graders and our eighth graders, talking primarily about, you know, just health,
well-being, um, how to help others that might not be in a good mental place. Uh, talked about how to seek help if you were feeling suicidal, things of that nature. Um, and so it kind of ties in quite well
with on Friday we're having a student mental health day with some activities in the afternoon and soon council has organized that mental health day. Um, seniors, I'm I was supposed to meet
with them on the 13th. We ended up with a two-hour late start. So, I've scheduled rescheduled that for this week just to kind of do some house cleaning, if you will, prep work as far as fourth quarter goes with them. Uh, but the primary thing is really want to remind them that there's
a lot of money out there for scholarships and um that they need to apply for those scholarships. Uh, Mrs. Hansen, Becky Hansen was here obviously during parent teachers conferences. she actually put up a table and and uh you know heading to the
signage out for scholarships and and such hoping that parents would stop by. So uh wrapping up my teacher evaluation throughout the month of March. I have just a handful of those left. Uh quick update with FastBridge. Uh Mrs. Buer's
been implementing FastBridge and the implementing primarily the interventions at tier one and tier two. Uh it's great to see that somebody who's been teaching for 10 plus years, you know, utilizing this new tool has kind of uh given her a lot of enthusiasm for teaching and and
teaching of uh helping kids learn to read things of such. And uh she's discovering that, you know, yeah, she's got to change some things that she does in their weekly schedule, but uh it's a it's a great asset for us to have for
our kids. And then lastly, uh, tomorrow we have our Minnesota State High School League advisory committee is meeting to talk about any upcoming proposals to the high school league. All right.
Any questions for Mr. Jarski? >> Thank you, Superintendent Silk. >> Yes. Excuse me. Uh, I'm not going to read it to you, but it was just Does anybody have any any questions on my report that was sent to you? Um,
specifically the gist of it really is that we just got a lot of plates spinning right now. And I'm anxious to bring to maybe take some of those plates out of play and start to narrow our focus a little bit. And I think some some things that are going to happen here in the next few
weeks will will lead us down that path. um starting tonight with the work session after the board meeting here. But um lots of meetings recently on your behalf, lots of meetings that I'm attending uh representing the school district in variety of capacities. Um
and um like I said, there just a lot of things spinning in our plate spinning in the air right now and um it will be important for us to bring some focus there and then report back to our staff um kind of some of the progress we're making.
Do >> we have any idea on any kind of legislation that'll affect? >> We're really trying to track that comp down there, but >> yeah. >> Yeah. Right now they're in the
introduction and they're having some hearing on the floor of their of the new bills. Um, of course, no action formally is taken right as as um there are some impacts um to the
district or to schools that um that the lobbyists are following closely and um again it's really early and it always seems to kind of all happen from about May 15th till till the end of the session. But the one that that really
could have a effect on us is the compensatory calculation used to be tied to free and reduced without having everyone needing to everyone getting free and reduced meals now. That submission of paperwork is
is spotty at best. And so there's a new way to direct certify our our students um or our families. uh but that doesn't seem to be matching up with previous numbers and the differential of what the
direct certification is showing versus what we used to submit with hard copied that difference is greater than we we know it's greater than what it should be. you know, we may lose five percentage points or something on any given year as way, maybe even up to 10
on free and reduced, but not to the significance that is being reported right now. And the compensatory aid is calculated off that um off those numbers. So, uh I think I suggested to you there's some language in a in a
bill. I shouldn't say that. There's some language discussion around who only harmless for a year until the state can get a better handle on how they are going to calculate that compensatory aid given the fact that the state is providing free and reduced meals to everybody and that's not a good
measurement anymore. Um but we would um as it would be projected right now we would lose some pretty significant dollars. Um and I don't think that's the spirit of what the state is trying to do.
But um we shall see. We shall see. That's the biggest one right now. There's some other things that are just starting to get introduced and I'll see if you know I get a I get a report and it's quite lengthy and it's quite involved and maybe I'll try to glean the
important pieces off and fire it off to you guys on a regular basis. >> Any other questions? All right. Thank you. >> Yep. >> Moving down 8.0 8.1 personnel or discussion ons.
So I'll just start it and then we do have um just one committee member here. >> Yeah. Yeah. Yourselves. But um as we did last year and at the direction of the personnel committee um I did invite any
staff member that would potentially be contemplating leaving the district at the end of the school year to uh set up a meeting with me. We had um a few staff members do that. Um they presented some information. and we
had kind of a back and forth and I asked them to formalize the requests that they would have for the board to consider to um separate from the district at at the year end. Um we got three of those um uh
proposals. the um personnel committee met then to go over those and uh right now we are in few further discussion with um those those staff members to finalize a potential um offer I guess
from the district. There are a couple circumstances that the individuals are working on in regards to TRA um or VIBA or um where where they're requesting their buyout to be put. Um and in the
past the year that we did it, we we basically offered um money to go into their pocketbook, money to go into their VIBA, money to go into their 403b or um how it will potentially um affect
their TRA teachers retirement. So we're working through the pieces of that. Um our attorney has that information preliminarily. Um, and I'm actually meeting tomorrow with our attorney to um try to formalize that a little bit further and we would
be bringing it um uh proposal forward at the April board meeting board meeting for approval. Um so that's >> any questions on that topic? Further discussion? All right,
moving down into 10point operational uh 10.1 approved not approved Minnesota paid leave policy that is in your packet. Um again this was part of the um personnel and and negoti
um the MSBA provides this template and then we fill in our information. I'm going to ask Maddie to highlight the information that we inserted that's different from this not different but that the state is requesting us to put
in. Uh there's some language items. >> We just decided to implement letter K supplementing with accumulative leave benefits. >> So topping off I guess. >> Yeah. And I think we've talked about the
topping off process uh before. Um uh this district school uh Fawson public schools is going to offer topping off to our employees. That does not mandate them to take the topping off um um supplement but um it
is offered to them and I can maybe just give a quick summary and Maddie correct me where I misspe please. Topping off means if you are if you apply for Minnesota paid leave and are granted Minnesota paid leave, everyone will get a different um offer
from the state and you might get offered to get 50% of your salary and you might get offered to get 70% of your salary. You can take it as is. You're excused from work for those days if you just
take what the state has offered you. There's no reduction of any of your leaves within our system, i.e. PTO, sick leave, PSST, personal leave. None of that is affected.
But if you if you want to have your full salary paid, you can top off, hence the phrase or the coin, the word coin. Um and whatever that difference between what the state is offering you and what
full pay would be um would come from one of the leave banks that you have as an employee of our district. If you choose to use those leave banks, of course, those leave banks will be decreased or
um they'll be recorded against. So, if you need to use some of your PTO to top off, you will lose that portion of your PTO that'll be used. Um, there's two schools of thought and quite honestly, it is about 50%
um across the state or excuse me, in our neck of the woods of schools that are topping off and schools that are not or school districts that are topping off and school districts that are not. Um, and so our district or our committee has
suggested that we do offer topping off to our to our employees. And that's what this policy spells out and that's what would be the vote in front of you if you so choose to
make a motion to that. In fact, >> there was interest from the teachers union during negotiations this past past year before topping off. >> Okay. >> Yes. Yeah. >> There was. Yeah. And again, it's not that a teacher has to utilize it, but
they can. >> Is an option. >> Yeah. Make a motion to approve the Minnesota Paid Leave Act. >> I'll second. >> Okay, we have a motion in a second. Is there any further discussion?
>> Hearing none. All those in favor signify by saying I. >> I. All same sign. >> Motion carries. >> All right. 10.2 approve not approve bond refunding. resolution.
>> My cohisle is on. As soon as Maddie loses in here, Michael Interesting to see somebody else has some technology issues. >> I was going to say at first I thought maybe you were >> No, no, no. I pass on all technology
in the hopes of >> I believe the problems with Google for that. She knows that giving her grief. This is light compared to what happens in the office.
>> Mike, you there? >> There we go. >> There you go. >> Can you hear us, Mike? >> Come on. >> Hey, you're on, Michael. >> Sounds good. Uh has
has April started? >> Uh no, we are we are right to that agenda item right now. >> All right, let me try this. >> And I told you what time did I tell you earlier today? >> 6:30. >> 6:30.
>> What time is it? >> 6:30. >> 6:30. something. >> Good to be right once. >> I'm sure >> you got >> That's right.
>> Here we go. >> Mike, before you start the presentation, well, I'm sure it's probably including the presentation. just give us a quick um definition or background of what we're trying to accomplish tonight. >> Absolutely. >> Absolutely.
>> You are trying to accomplish uh well, you're setting you're setting a goal just much like if you were to go refinance your home, >> you were setting your goal to ref your whole mortgage. This is basically
the action taken to set that forward for the school building so >> does that help? >> Yep. Absolutely. >> Uh I do not know >> that's really tiny for us as large.
Yeah. >> How's that? How's that? >> Good. Okay, perfect. Perfect. >> So, um just now this will be tiny on your screen. I want you to look at the three
lines to the top right. >> So, basically >> basically a year ago uh where rates were were in that 2 and 12 to 4% you can see that
gray line. I don't know. Are you guys seeing my cursor? >> Yes. >> Okay. So, the dotted gray line is is a year ago. Uh the monthly, the purple was how good it
got a couple weeks ago and the blue is currently uh in day >> I don't know what is that >> day 9 of what we would call the conflict in
Middle East. So just to give you an idea uh what has happened in our market if you were to look at uh so basically what I want to say is our market has
>> changed typically when we go when the United States moves into conflict we see a decrease in the taxes >> because there is a rush to >> there is There's a movement towards
security and a foster be a good investment. >> The problem with the Middle East conflict is that it is impacting one of the higher precious commodities in oil that affect most of our inflation
because the United States. So with oil going up to $120 a barrel, I think it settled down to 95 today. uh the last I saw mid afternoon um that still is putting incredible pressure in inflation and thus uh the
interest rate market has not been favorably over the last two weeks. So with that being said, the next slide visually shows this is what you have to pay on this 2019
>> in the gray in the blue in the upper left is what potentially the due payments could look like. Um how does that occur? Well, you exchange your gray rates for your blue rates on the far right. So you're exchanging uh five and 4% with 2.3 to 2.4. 2.4.
>> Now this particular screenshot um we were we were borrowing 8,760,000 to save 546. >> Okay. This particular example is from as you can see on the far left side was a
refunding update from February 24th, 2026. So just previous to um the conflict. If you take that conflict and move it 10 days later or 10 days later where the rates were, you could see that
our 546,000 right now is eroded to 428,000. So the difference between the gray and the blue is becoming >> you don't see it again. know what has happened in the market the
last month and a half the idea of >> the idea of of the resolution is to say look folks let's prepare let's prepare the possibility of
refinancing 2019 series 2019 voter bond and in the event we can save more than $500,000 direct to proceed to get in the market just >> if we can say more than 500,000
absolutely and so that is and I'll flip out of the presentation mode here >> that in a nutshell what you are doing with this resolution in that you are >> uh you are setting forth the ability to
go ahead and refine get all the necessary mortgage documents ready. >> So you can get that done. >> How does that cost out like to do the work, Mike? How how is that costed? And then how is it paid?
>> You're like refinance cost. >> Yeah. So the the finance cost there'll be there'll be operating costs. We purchase the bonds. We go out and >> through a hour and a half bidding period
uh we get people around the nation to see if they are interested in buying your bonds. Uh the real the one cost that we can't control right now is the rating agency. So once we prepare the official statement, uh, bond council obviously
has started writing this up, but they won't bond council won't charge you unless there's a unless there is an actual transaction. We won't charge you a dime without an actual transaction. Uh, so the only piece of this transaction
uh to get this going, we' be rating agency and right now we will be holding off on asking for a rating until we know that we are closer to being actually >> being able to uh get these safe. So,
with that being said, you ask about fees about $150,000 of cost when we issue the debt will be paid by the investors to try to keep that amount uh lower uh closer to that under the 99 mark. I know that you got a
you got a uh solicitation from a competitor of ours sometimes a partner partner uh sometimes a competitor and they uh I think they were they were looking to issue 9 million $100,000 bonds
>> and we hope that the that that fee will be driven down to 8,760 the way we bring in uh bids through that period. So our goal is to minimize our goal is to minimize various cost like I said
agency is usually good for about 3 to 6 months and then if you didn't do the transaction it would cost you 75%. We want we're going to do our darnest not to improve that 75%. So, what was the
the I'll call about the refinancing cost estimate. Guess I missed that. >> Uh 154,000 on the bottom of the blue sheet that you got on those two February 204 March. And there's about I think there's five
>> there's radio there's there's legal counsel there's pain services uh and some miscellaneous uh desk fees. So there's five. >> Mike, this might be oversimplified, but
am I hearing you saying >> given the conflict in the Middle East, we're going to we're just going to watch for a while and when it's ripe, we're going to pluck the fruit. >> Yep. Yep. >> I think that's probably a way better
example than I've been given. And what was our what was our window that we had to >> got to be greater than 500,000 savings about the time frame when we'd have to refund everything. >> Uh in this resolution I was just looking
that up in this resolution uh we moved it out to December 3. This resolution is good through the end of the year. So even though we watched the rain agency play uh the resolution was good
through the 31st and then we would reassess our goals. >> And is there language in there that we don't proceed if it's not less the savings is less than 500,000? >> No. We set on this one
>> on this one it sets the minimum goal >> and >> I think we'd want to still go through with it even if it's not $500 even if we're saving $470,000 just to avoid the fee. Correct. >> Then we then we would more than likely
have >> uh more than likely have for a later date. >> Yep. >> Yep. >> Okay. And the 500 was somewhat arbitrary between Mike and I. True, Mike. >> Correct. Correct.
>> Yeah. >> I don't know if now that I see the resolution, >> it should be in section two. >> Section two of the resolution says gross debt service savings at least 500,000.
So we did that in writing. But we can amend that later. >> You know, if this just wasn't wasn't uh going to get done, we can later >> and roll with it. >> Uh what the conflict was done,
>> one thing you have, one thing you have to remember is we're working with a global a global interest. Uh we're not just um >> we're not just in Boston, Minnesota anymore in the tax market. Uh you're a
player, but you're a player in the global market and with having global players. Um they're watching what's happening with inflation very closely. They're watching many different things. Uh thus uh I believe the tenor is that
there were projected to be two to three rate cuts this year from the federal open market committee starting with with uh how's um handing over the baton so to speak in July September uh based on this conflict and based on
what uh what what the uh economists are betting on now they're saying that rates won't be reduced by the federal open market committee till 2027 is when they expect the first rate cut. Um like I said,
>> we typically do see rate reduction in terms of conflict. So if this contract can be um put forward so that we get a decisive end and can bring down the cost of
>> the uh uh oil barrel >> keep it well below 100 uh I think we'll have a period of time where we'll see rates uh fall back in line much like we were seeing two three weeks ago even without any
So having yours ready before supply ramps up is is the advantage for passing for adopting this resolution. >> Does that help? >> Does that help? >> Yes. >> So if you want to get super simple, we're essentially saving $40,000 a year
through 2039 roughly. >> Correct. >> Correct. >> In bond payment payments. >> Yep. Yep. >> It's uh probably won't get you uh many pats on the back if you're fellow taxpayers.
>> But the overall uh from specific tax, but the overall we'd be using that to say, "Hey, we're at least trying to minimize >> old cost >> to the best." So, with these potential uh refinancing,
are we looking at another 30-year term? >> Stays the same through9. Thanks, Dean. Dean's walking me through it. Thank you. >> Yep. Excellent question. >> Thank you. Does everybody understand what the
motion would and approval of the motion would would result in? Any questions about that? >> Pursuing the exploration of this opportunity, >> but then we would we would be able to pull the pin without coming back before this board for approval
>> if the if the market was such >> I'll make a motion to approve the resolution as presented. One second. >> All right, we have a motion in a second. Is there any further discussion? Hearing none, we'll have a roll call
vote. Dr. Dong, >> yes. >> Dr. G, yes. Dr. Christen, >> yes. >> Director Hunter, >> yes. >> Dr. Nelson, >> yes. >> Dr. Bosler, >> yes. >> Okay, Mike, it's approved. Um, and uh
you and I can further discuss that. Some couple I have a couple of other just um semantics questions for you, but we can do that offline, but you're going to join us here after um during the work session as well. Correct. >> Correct. Correct. Correct. So, I'll drop
through this one and I'll join you in a half an hour. >> Half an hour. >> Yeah. And that's um Lor's um >> Yep. >> Yep. >> Right. Invite. Yep. >> Got it. >> Okay. Thanks, Mike. Thanks everybody. See you in a little bit.