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<DIV><SPAN class=014340719-07092004><FONT face=Arial color=#0000ff size=2>Please
see the following correspondence that has been emailed to your Presidents this
afternoon. The deadline for responses is September 17th.
Thanks.</FONT></SPAN></DIV>
<DIV><SPAN class=014340719-07092004></SPAN> </DIV>
<DIV class=OutlookMessageHeader dir=ltr align=left><FONT face=Tahoma
size=2>-----Original Message-----<BR><B>From:</B> Risser, Paul <BR><B>Sent:</B>
Tuesday, September 07, 2004 2:03 PM<BR><B>To:</B> Presidents<BR><B>Cc:</B>
Maletz, Maryanne; Mauck, Sheri<BR><B>Subject:</B> 2005 Capital Bond
Proposal<BR><BR></FONT></DIV>
<DIV><FONT face=Arial size=2><SPAN class=193371018-03092004><SPAN
class=539505218-07092004><SPAN
style="FONT-SIZE: 11pt; mso-bidi-font-size: 10.0pt"><FONT face="Times New Roman"
size=3><SPAN class=539505218-07092004></SPAN></FONT></SPAN> </DIV>
<DIV>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 0.5in; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><SPAN
style="FONT-SIZE: 11pt; mso-bidi-font-size: 10.0pt"><FONT
face="Times New Roman"><SPAN
class=539505218-07092004></SPAN></FONT></SPAN> </P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 0.5in; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><SPAN
style="FONT-SIZE: 11pt; mso-bidi-font-size: 10.0pt"><SPAN
class=539505218-07092004><FONT color=#000080 size=3> Hi
All,</FONT></SPAN></SPAN></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 0.5in; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><SPAN
style="FONT-SIZE: 11pt; mso-bidi-font-size: 10.0pt"><SPAN
class=539505218-07092004></SPAN><SPAN class=539505218-07092004><FONT
color=#000080 size=3></FONT></SPAN></SPAN> </P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 0.5in; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><SPAN
style="FONT-SIZE: 11pt; mso-bidi-font-size: 10.0pt"><FONT size=3><FONT
color=#000080>As follow-up to the Presidents' Council meetings last week, we are
asking that each of you re-visit the project listing compiled in February 2004
for a potential $500 million capital bond issuance. <SPAN
class=539505218-07092004>The allocated dollar amounts to your
institutions are unchanged.</SPAN></FONT></FONT></SPAN></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 0.5in; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><SPAN
style="FONT-SIZE: 11pt; mso-bidi-font-size: 10.0pt"><FONT size=3><FONT
color=#000080><SPAN class=539505218-07092004></SPAN><SPAN
class=539505218-07092004><FONT face="Century Gothic" color=#0000ff
size=2></FONT></SPAN></FONT></FONT></SPAN> </P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 0.5in; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><SPAN
style="FONT-SIZE: 11pt; mso-bidi-font-size: 10.0pt"><FONT size=3><FONT
color=#000080>We are asking that the following three issues be
addressed:<o:p></o:p></FONT></FONT></SPAN></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 0.5in; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><SPAN
style="FONT-SIZE: 11pt; mso-bidi-font-size: 10.0pt"><FONT size=3><FONT
color=#000080>1. Each institution should carefully review the
projects that have been submitted and reaffirm that these projects
remain as your top
priorities. <o:p></o:p></FONT></FONT></SPAN></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 0.5in; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><SPAN
style="FONT-SIZE: 11pt; mso-bidi-font-size: 10.0pt"><FONT size=3><FONT
color=#000080>2. If your project listing is unchanged, but you would
like to update or revise the project descriptions, please submit those updates
at this time. Please ensure that the project<SPAN
style="COLOR: blue"> </SPAN>titles and descriptions convey that the
proposed projects are essential for the future well-being of your campuses
and that they do not appear as merely desirable or
less-than-essential. <o:p></o:p></FONT></FONT></SPAN></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 0.5in; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><SPAN
style="FONT-SIZE: 11pt; mso-bidi-font-size: 10.0pt"><FONT size=3><FONT
color=#000080>3. Please designate ONE project that may be highlighted in
special system-wide marketing efforts as the bond proposal continues to develop
throughout the coming months.</FONT></FONT><SPAN class=539505218-07092004><FONT
face="Century Gothic" color=#0000ff size=2> </FONT></SPAN></SPAN></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 0.5in; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><SPAN
style="FONT-SIZE: 11pt; mso-bidi-font-size: 10.0pt"><SPAN
class=539505218-07092004></SPAN></SPAN> </P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 0.5in; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><SPAN
style="FONT-SIZE: 11pt; mso-bidi-font-size: 10.0pt"><SPAN
class=539505218-07092004> </SPAN></SPAN><SPAN
style="FONT-SIZE: 11pt; mso-bidi-font-size: 10.0pt"><FONT size=3><FONT
color=#000080>Attached for easy reference are the following
documents:<o:p></o:p></FONT></FONT></SPAN></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 66pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l0 level1 lfo1; tab-stops: list 66.0pt"><FONT
size=3><FONT color=#000080><SPAN
style="FONT-SIZE: 11pt; mso-bidi-font-size: 10.0pt"><SPAN
style="mso-list: Ignore">A.<SPAN style="FONT: 7pt 'Times New Roman'"><FONT
face=Arial> </FONT></SPAN></SPAN></SPAN><SPAN
style="FONT-SIZE: 11pt; mso-bidi-font-size: 10.0pt">The complete project listing
compiled in February 2004--listed by
institution.<o:p></o:p></SPAN></FONT></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><SPAN
style="FONT-SIZE: 11pt; mso-bidi-font-size: 10.0pt"><FONT size=3><FONT
color=#000080><SPAN style="mso-spacerun: yes"> </SPAN> B.
The summary allocation sheet as adopted by the Presidents' Council--listed by
institution.<o:p></o:p></FONT></FONT></SPAN></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 0.5in; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><FONT
face="Times New Roman"><FONT size=3><FONT face=Arial><FONT color=#000080><SPAN
style="FONT-SIZE: 11pt; mso-bidi-font-size: 10.0pt"><SPAN
class=539505218-07092004><FONT face="Century Gothic" color=#0000ff
size=2></FONT></SPAN></SPAN></FONT></FONT></FONT></FONT> </P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 0.5in; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><FONT
face="Times New Roman"><FONT size=3><FONT face=Arial><FONT color=#000080><SPAN
style="FONT-SIZE: 11pt; mso-bidi-font-size: 10.0pt"><SPAN
class=539505218-07092004> </SPAN>Please send your responses on these three
issues to Maryanne Maletz, Vice Chancellor for Budget and Finance,<SPAN
style="COLOR: blue"> </SPAN>by </SPAN><st1:date Year="2004" Day="17"
Month="9"><SPAN style="FONT-SIZE: 11pt; mso-bidi-font-size: 10.0pt">September
17, 2004<FONT face="Century Gothic"><FONT color=#0000ff><FONT size=2><SPAN
class=539505218-07092004>. </SPAN><SPAN
class=539505218-07092004> </SPAN></FONT></FONT></FONT></SPAN></st1:date></FONT></FONT></FONT></FONT><FONT
size=2><SPAN style="FONT-SIZE: 11pt; mso-bidi-font-size: 10.0pt"><SPAN
class=539505218-07092004><FONT face="Century Gothic"
color=#0000ff> </FONT></SPAN></SPAN></FONT></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 0.5in; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><FONT
size=2><SPAN style="FONT-SIZE: 11pt; mso-bidi-font-size: 10.0pt"><SPAN
class=539505218-07092004></SPAN></SPAN></FONT> </P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 0.5in; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><SPAN
style="FONT-SIZE: 11pt; mso-bidi-font-size: 10.0pt"><SPAN
class=539505218-07092004><FONT color=#000080
size=3>Thanks,</FONT></SPAN></SPAN></P>
<P class=MsoNormal
style="MARGIN: 0in 0in 0pt 0.5in; TEXT-ALIGN: justify; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto"><FONT
size=2><SPAN style="FONT-SIZE: 11pt; mso-bidi-font-size: 10.0pt"><SPAN
class=539505218-07092004><FONT color=#000080 size=3>
Paul</FONT></SPAN></SPAN><FONT face="Times New Roman"><SPAN
style="FONT-SIZE: 11pt; mso-bidi-font-size: 10.0pt"><SPAN
class=539505218-07092004> </SPAN><o:p></o:p></SPAN></FONT></FONT></P></SPAN></SPAN></FONT></DIV></BODY></HTML>