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