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Q. District Formation and Bond Issuance Costs <br />� <br />Debt Service Reserve Requirement <br />Equals the amount required to fund a reserve under the Indenture in connection with the <br />issuance of PID Bonds. <br />�Capitalized Interest <br />Equals the amount ofcapitalized interest available for payment nfinterest on PID Bonds <br />as reflected in the Indenture. <br />� Discount <br />Equals apercentage ofthe par amount ofoparticular series ofPID Bonds. <br />� Counsel <br />Equals a percentage of the par amount of a particular series of PID Bonds reserved for the <br />underwriter's attorney fees. <br />m <br />Cost ofIssuance <br />Costs associated with issuing PID Bonds, including but not limited to attorney foes, <br />financial advisory fees, consultant fees, appraisal fees, printing costs, publication costs <br />City costs, fees charged bvthe Texas Attorney Genena|, and any other cost nrexpense <br />directly associated with the issuance ofPID Bonds. <br />m <br />Developer District Formation Costs <br />Expenses directly incurred bythe Developer associated with forming the District, levying <br />Assessments, and issuing the PID Bonds. <br />� <br />First Year Annual Collection Costs <br />Expenses directly associated with forming the District including first year Annual <br />Collection Coots. <br />SECTION IV: SERVICE PLAN <br />The PID Act requires the Service Plan to cover period of at least five years. The Service Plan is <br />required to define the projected costs and annual indebtedness for the Authorized <br />Improvements undertaken within the District during the five-year period. The Service Plan shall <br />be updated in each Annual Service Plan Update. Exhibit D summarizes the Service Plan for the <br />Exhibit E summarizes the sources and uses of funds required to construct certain Authorized <br />Improvements. Exhibit E will be updated to show the amount required to fund the required <br />+ <br />WHISPER PID SAP 12 <br />