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S isk: <br /> <br />exposure to Broomfield. Your <br />exposure there is between <br />$109,000.00 and $306,000.00. That's <br />the amount of cost that you had <br />actually paid along the way to pay <br />for design costs. <br /> <br />With regard to paragraph 6, what is <br />in the agreement that it suggests <br />that our share would be $3.5 <br />million? Hypothetically, if our <br />share comes in at $4.5 million, <br />there is no upside to the agreement, <br />is there? What does the District <br />give us and say it will come in at <br />$3.5 million? Is there anything in <br />the agreement that indicates that <br />the District is posturing itself to <br />ensure to us that our share will be <br />$3.5 million? <br /> <br />Shimmin: <br /> <br />Right now, no. We have talked to <br />the District about that issue. <br />There is no guarantee that <br />Louisville's costs will not exceed <br />$3.5 million. <br /> <br />Sisk: <br /> <br />Shimmin: <br /> <br />Forget guarantee. What assurance do <br />I have that it will be $3.5 million? <br /> <br />Ail we can offer you tonight is <br />Carl's explanation about the <br />rational they used to develop these. <br />This is an issue which is on the <br />table for discussion. What level of <br />assurance do you need in order to <br />make this commitment, basically? We <br />have offered that as a concern. So <br />far, the District hasn't offered to <br />provide any kind of assurance. <br />We'll have to negotiate some more <br />with the District about that. <br /> <br />Sisk: <br /> <br />It's becoming clearer now that the <br />"dog" in this whole operation is <br />Broomfield. This is their <br />agreement. They're saying, <br />basically, "take it and if you don't <br />like it, we don't need you." Do <br />they gain anything by having <br />Louisville participate and having <br />this western alignment? <br /> <br />5 <br /> <br /> <br />