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<br />Karen Barton <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 bilJing system that you prefer. <br /> <br />Ifbonds are issued, the fee is determined at the time of issue (and is typically paid from <br />proceeds of the bonds). I understand that there are no current plans for 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 />Please let mek..'1ow ifthcse t.:::rm8 are acceptable, and if you have any other questions. <br /> <br /> <br />ly yours, <br /> <br />1 <br /> <br /> <br />Steph ], Bubul <br /> <br />297567vl SJB AR200-4 <br />