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ISSUING PROCESS <br /> <br />Following is a tentative schedule for the steps in the issuing process. <br /> <br />Week of July 29, 2002 <br /> <br />August 5, 2002 <br /> <br />August 6, 2002 <br /> <br />Week of August 5, 2002 <br /> <br />August 12, 2002 <br /> <br />September 18, 2002 (est.) <br /> <br />Submit draft Official Statement and rating materials to <br />Moody's Investors Service for credit rating <br /> <br />Distribute Official Statement <br /> <br />Conference call with Moody's Investors Service <br /> <br />Receive credit rating <br /> <br />Bond sale <br /> <br />Bond closing <br /> <br />Page 8 <br /> <br /> <br />