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Shimmin: <br /> <br />Mayer: <br /> <br />take control of the project, I don't <br />see what rights we have. <br /> <br />At the end of that paragraph, the <br />last sentence at the top of page 5 <br />"Louisville shall be entitled .... ,, <br />(SEE ATTACHED). Maybe we need to <br />clarify that issue a little bit, <br />that if at some point the project <br />terminates, all of the work product <br />goes to everyone who paid money to <br />it, or something like that. <br /> <br />It's not copies of drawings, but say <br />there is a pipeline that's partially <br />completed. <br /> <br />Dreher: <br /> <br />When we receive construction bids in <br />November, we open those bids and run <br />through our cost allocation models <br />and determine the cost to all of the <br />participants. At the conclusion of <br />that, if we indicate to Broomfield <br />that we can build it for $18.4 <br />million, that then becomes the <br />warranty that we can build it for <br />$18.4 million. It would not be in <br />Broomfield's interest to disregard <br />participation by Louisville. <br />Different participation scenarios <br />affect the routing costs. If this <br />whole thing were to unravel and you <br />were left with Broomfield alone, the <br />most cost effective alignment for <br />them is the west alignment and <br />participation by Louisville would <br />help reduce their cost. So, you do <br />have that factor working to your <br />benefit as well. <br /> <br />Mayer: <br /> <br />When do we have to decide on a firm <br />C.F.S. figure? <br /> <br />Dreher: <br /> <br />Assuming that we start final design <br />on or about March 1, there would be <br />a period of at least two months <br />after that to where you could adjust <br />your participation upwards. You <br />couldn't reduce it downwards. That <br />could probably be accommodated up to <br />point that we actually start <br />producing drawings. We want to <br /> <br />8 <br /> <br /> <br />