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Expenditures and Amortization <br /> Phase 1 : Development* (Assumes 30 MW FRMU Share) <br /> One-time true- up payment <br /> For costs up to 8/31/2009 : $2 . 6 million <br /> Due 11/ 1/09 <br /> Ongoing development costs <br /> ■ 9/ 1/2009 to financial close ( Est. 9/ 1/2010) <br /> ■ $ 51 , 000/month, 13 months : $663,000 <br /> • Interest on these monthly costs : $ 19, 000 <br /> • Interest on $2 . 6 million true-up : $ 155,000 <br /> $8,666/month, 13 months <br /> Total development cost <br /> by financial close $3.4 million <br /> To be rolled into permanent financing <br /> in Phase 2 . <br /> * Assumes CMMPA does bond financing for all ERMU costs 16 <br /> and interest, at 5.5% interest rate. <br />