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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 indicate your interest in participating
in a first round of the Master Lease equipment program by returning the
attached survey to me by no later than close of business on <u>March 2, 2009</u>,
if not earlier. <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'>If we find sufficient demand, the
following schedule is the approximate timeframe for bond closing and available
proceeds. The bond oversight application documents are also included as
attachments so you may begin the necessary process to obtain the necessary
approvals and required supplemental documents. <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 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>The <font color=navy><span style='color:navy'>current</span></font>
timeline is as follows:<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 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>March 2, 2009</span></font><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial'>
Deadline to submit project listing and estimated amounts<font color=navy><span
style='color:navy'><o:p></o:p></span></font></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>April 2,
2009 </span></font><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'>Approval by
the State Regents for submission to Bond Oversight<font color=navy><span
style='color:navy'><o:p></o:p></span></font></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>April 9,
2009
Deadline to return the BOND OVERSIGHT application with appropriate attachments.<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'>April 23, 2009
Prices confirmed and vendors
selected<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'>April 30,
2009 </span></font><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'>Consideration
by Bond Oversight<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'>June 3, 2009
</span></font><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial'>
Tentative closing date<font color=navy><span style='color:navy'> and bond
proceeds available</span></font>.<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'>Please let me know if you have questions.
Thanks.<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'><o:p> </o:p></span></font></p>
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