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SUMMARY OF SOURCES AND USES OF FUNDS <br /> It is estimated that the proceeds of the sale of the Bonds will be applied <br /> as follows: <br /> Uses <br /> Cost of Project $3,124,500 <br /> Capitalized Interest�l� 108,000 <br /> Underwriting Discount 79,200 <br /> Bond Counsel 25,000 <br /> Letter of Credit Fee�2� 38,000 <br /> Printing, misc. expenses�3� 16,300 <br /> Total Uses �3,391,000 <br /> Sources <br /> Interest Earnings 91,000 <br /> Principal Amount of Bonds $3,300,000 <br /> Total Sources $3,391,000 <br /> (1) Two months interest plus $42,900 Accrued Interest. <br /> (2) Fee estimated at 1X of amount of Letter of Credit <br /> (3) Estimated costs for printing Official Statement ($3,700) , Bond Printing <br /> ($5,050) and Rating Service Fees ��7,500) . <br /> 4 <br />