Adopted July 14, 2006

• The Application Fee of $1,500 is due at time of application and is nonrefundable.
• The Issuance Fee shall be payable upon bond closing.
• The Annual Fee is $500 per year, or a portion thereof, until the bonds are redeemed.
• Issuance fees for Nonprofit bonds and Industrial Development bonds (tax-exempt and taxable) in excess of $10 million will be determined in accordance with guidelines established by the CEDA Board of Directors.*
• The applicant is responsible for all other costs which could include bond counsel, underwriter, trustee, rating agency, state agency approval, credit enhancement or insurance, or any other parties required to complete the transaction.

* Guidelines for Issuance Fees for Nonprofit bonds and Industrial Development bonds (tax-exempt and taxable) in excess of $10 million:

-- Up to $10 million: 0.25% (.0025)
-- $10-$15 million: $25,000 plus 0.15% (.0015) of the amount above $10 million
-- $15- $20 million: $32,500, plus 0.10% (.0010) of the amount above $15 million
-- $20-$95 million: $37,500, plus 0.05% (.0005) of the amount above $20 million
-- Over $95 million: $75,000