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<br />. <br /> <br />. <br /> <br />. <br /> <br />Karen Balion <br />September 8, 2006 <br />Page 2 <br /> <br />We provide invoices on a monthly basis, showing the time spent on each activity, We <br />can of course accommodate any other billing system that you prefer. <br /> <br />If honds are issued, the fee is determined at the time of issue (and is typically paid from <br />proceeds of thc bonds), I understand that there are no cunent plans [or issuance of tax <br />increment bonds for the TCAAP project, though there may be financing structures that <br />call for some combination of taxable and tax-exempt revenue obligations. Also, I <br />understand there may be a need for issuance of general obligation improvement and/or <br />utility revenue bonds. <br /> <br />P1e2SC let r::e kno\v ifth,::;se tCl111S" are acceptable, mid ifY0U have any other questions. <br /> <br />~"I~r' .,In <br />D1~1 "' ~ <br />Stepl~LL, 13ubul \. <br /> <br />297567\'1 sm AR200-4 <br />