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<br />BROOKINGS- TWIN CITIES DEVELOPMENT PROJECT AGREEMENT <br /> <br />ATTACHMENT 3 <br />P ARTICIP ANTS AND P ARTICIP ANT ELECTION SHARES <br /> <br />There are sixteen Participants that have entered into Brookings- Twin Cities Project <br />Development Project Agreements with CMMPA for the Development Project. Subject to <br />CMMPA's written approval and prior to CMMPA's issuance of Bonds to fund <br />Development Project Costs pursuant to this Agreement, a Participant shall have a single <br />opportunity to switch from the original designation as an Agency or Open Participant as <br />set forth in this Attachment 3. CMMP A shall provide ninety days' prior written notice to <br />the Participant of its intent to issue Bonds and the Participant shall be required to provide <br />written notice to CMMP A of its desire to switch its original designation within thirty <br />days of its receipt of CMMP A's written notice. Ten of the sixteen Participants are <br />Agency Particpants and six are Open Participants. The Participants and the Participant <br />Election Shares are listed below: <br /> <br /> CapX Participant Participant Participant <br /> Election Election <br /> Share ($) Share (0,10) <br />Agency Participants <br />1. Blue Earth LiQht & Water $2,591,732 19.70% <br />2. Delano Municipal Utilities 695,952 5.29 <br />3. Fairfax City of 177,606 1.35 <br />4. Granite Falls, City of 415,730 3.16 <br />5. Janesville Utilities 184,184 1.40 <br />6. Kenyon Municipal Utility 331,531 2.52 <br />7. Mountain Lake Municipal Utilities 285,485 2.17 <br />8. Sleepy Eye Public Utilities 997,225 7.58 <br />9. Springfield Public Utilities Commission 368,368 2.80 <br />10. Windom, City of 878.821 6.68 <br /> Subtotal Agency Participants $6.926.634 52.65% <br />Open Participants <br />11. Elk River $1,993,134 15.15% <br />12. Independence Light & Power 248,648 1.89 <br />13. Indianola Municipal Utilities 498,612 3.79 <br />14. Montezuma Municipal Light & Power 99,986 0.76 <br />15. Waverly Light & Power 99,986 0.76 <br />16. Willmar Municipal Utilities 3.289.000 25.00 <br /> Subtotal Open Participants $6229.366 47.35% <br /> Total Participants ~H_l.:::t; nnn 100% <br /> <br />C:\Documents and Settings\Bryan\Local Settings\Temporary Internet Files\OLK53\Cap X Brookings 2-12-07 33 <br />c1ean.doc <br />