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<br />BROOKINGS- TWIN CITIES DEVELOPMENT PROJECT AGREEMENT <br /> <br />T ABLE OF CONTENTS <br /> <br />ARTICLE 1 TERM AND TERMINATION OF AGREEMENT; DEFINITIONS.... 6 <br />Section 101. Term and Termination ............................................................................6 <br /> <br />Section 102. Definitions .. .... .................. ........ .............. ........... ..................................... 6 <br /> <br />ARTICLE 2 CERTAIN OBLIGATIONS OF CMMPA AND PARTICIPANT ......10 <br />Section 201. Transmission Project and Development Project; Payment Obligations; <br />Additional Transmission Development Project ........................................................ 10 <br />Section 202. Election Share ...................................................................................... 11 <br />Se~tion 203. Estimated Development Project Costs ................................................. 11 <br />Section 204. Development Project Decisions; Development Project Coordinating <br /> <br />Committee ............................................................. .-................................................... 11 <br /> <br />Section 205. Relationship to Other Instruments ........................................................ 11 <br />Section 206. Tax Covenants .... ............ ....... ......... ..... ................. ..... .......... .... ............. 12 <br />Section 207. Insurance .... ............................ ............................... ... ......... .............. ..... 13 <br /> <br />ARTICLE 3 CERTAIN OBLIGATIONS OF THE P ARTICIP ANT ....................... 13 <br />Section 301. Participant Opinion............................................................................... 13 <br />Section 302. Participant Issuance of Bonds .............................................................. 13 <br />Section 303. Participant Rate and System Maintenance Covenant ........................... 14 <br />Section 304. Unconditional Payment Obligation ......................................................14 <br />Section 305. Source of Payments .....,'.. ...................... ............ .................. .................. 14 <br /> <br />ARTICLE 4 BUDGET, BILLING AND PAYMENT OBLIGATIONS ...................14 <br />Section 401. Annual Budget ...................................................................................... 14 <br />Section 402. Billing Statement ...... ..................................................................... ....... 14 <br />Section 403. Billing Adjustments .............................. ................................................ 15 <br />Section 404. Billing Disputes .......................... .......................................................... 16 <br /> <br />ARTICLE 5 REPORTS; RECORDS AND ACCOUNTS; P ARTICIP ANT <br /> <br />INFORMATION ................................. ............ ..... ............................. ..... .............. .......... 16 <br /> <br />Section 501. Reports ....................................................................................... .......... 16 <br />Section 502. Records and Accounts .......................................................................... 17 <br />Section 503. Participant Information ......................................................................... 17 <br /> <br />ARTICLE 6 ISSUANCE OF BONDS .......................................................................... 17 <br />Section 601. Bonds .................................................................................................... 17 <br />Section 602. Issuance of Bonds for Additional Project Costs and Refunding .......... 17 <br />Section 603. Issuance of Taxable and Tax Exempt Bonds ........................................ 17 <br /> <br />ARTICLE 7 END OF DEVELOPMENT PROJECT .................................................18 <br />Section 701. Ending of Development Project and Agreement Termination .............. 17 <br /> <br />C:\Documents and Settings\8ryan\Local Settings\Temporary Internet Files\OLK53\Cap X Brookings 2-12-07 3 <br />clean.doc <br />