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<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>Please note that there is a new question
asked on the form “A” that was sent out last week relating to
the percentage of the total project to be used for furnishing and
equipment. The forms that I have received thus far have been from the
February request and did not include that question. If you are updating
your prior (February) submission, please add that cell to the Schedule A with
your response. Thanks.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>It is important that all institutions
respond by Friday, August 5<sup>th</sup>. We are scheduled to meet with
the finance team on Monday, so it is important that your most current
information be received by Friday.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
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<p class=MsoNormal><b><font size=2 face=Tahoma><span style='font-size:10.0pt;
font-family:Tahoma;font-weight:bold'>From:</span></font></b><font size=2
face=Tahoma><span style='font-size:10.0pt;font-family:Tahoma'> Mauck, Sheri <br>
<b><span style='font-weight:bold'>Sent:</span></b> Wednesday, July 27, 2005
10:59 AM<br>
<b><span style='font-weight:bold'>To:</span></b> Council of Business Officers<br>
<b><span style='font-weight:bold'>Cc:</span></b> 'Sandefer, Kathleen J.'<br>
<b><span style='font-weight:bold'>Subject:</span></b> Capital Bond Information
Request--due August 5th</span></font><o:p></o:p></p>
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<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>We are preparing to meet with the newly selected financial
team approved last week by the OCIA to structure the FY2006 Capital Bond
Issuance. In order to properly structure the issuance we need updated
information on <u>each</u> of your projects.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>It is important that you give careful consideration to when
you will actually need to draw bond funds. The attached schedules need to
be updated for each project and include the best estimated information
available at this time. <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>Please complete (1) <i><span style='font-style:italic'>Schedule
A</span></i> to include project information and (2) <i><span style='font-style:
italic'>Schedule B</span></i> to include the estimate monthly cash draws based
on your construction schedule with bond proceeds estimated to be available
beginning in October 2005. This is still a “best case”
scenario, yet we are proceeding as if no litigation will be filed. Thanks
for your prompt attention to this important request. This information is
imperative as we finally see the bond issuance become a reality. Please
let me know if you have any questions.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>Please return the completed schedules by <b><u><span
style='font-weight:bold'>August 5<sup>th</sup>.</span></u></b> <o:p></o:p></span></font></p>
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