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BROOKINGS-TWIN CITIES DEVELOPMENT PROJECT AGREEMENT <br />TABLE OF CONTENTS <br />ARTICLE 1 TERM AND TERMINATION OF AGREEMENT; DEFINITIONS.... 6 <br />Section 101. Term and Termination ............................................................................ 6 <br />Section 102. Definitions .............................................................................................. 6 <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 />Section 203. Estimated Development Project Costs ................................................. 11 <br />Section 204. Development Project Decisions; Development Project Coordinating <br />Committee ................................................................................................................. 11 <br />Section 205. Relationship to Other Instruments ........................................................ 11 <br />Section 206. Tax Covenants ...................................................................................... 12 <br />Section 207. Insurance .............................................................................................. 13 <br />ARTICLE 3 CERTAIN OBLIGATIONS OF THE PARTICIPANT ....................... 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 />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 .............................................................................. 1 S <br />Section 404. Billing Disputes .................................................................................... 16 <br />ARTICLE 5 REPORTS; RECORDS AND ACCOUNTS; PARTICII'ANT <br />INFORMATION ............................................................................................................ 16 <br />Section 501. Reports ................................................................................................. 16 <br />Section 502. Records and Accounts .......................................................................... 17 <br />Section 503. Participant Information ......................................................................... 17 <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 />ARTICLE 7 END OF DEVELOPMENT PROJECT ................................................. 18 <br />Section 701. Ending of Development Project and Agreement Termination .............. 17 <br />C:\Documents and Settings\Bryan\Local Settings\Temporary Internet Files\OLK53\Cap X Brookings 2-12-07 3 <br />clean.doc <br />