RE-BID ITB # 23-10-01 JOINT PROCUREMENT CENTRAL ISLAND

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(a)An itemized list setting forth the nature and estimated amounts of expenses to be incurred by the WIFIA Lender and paid for by the Borrower in connection with the WIFIA Loan and the issuance of the WIFIA Bond is set forth as follows. Fees and expenses of consultants and advisors to the WIFIA Lender are estimated to be $200,000. None of such fees and expenses are being charged to the Borrower as part of an underwriting spread, if any, set forth in the following sentence, but instead are being paid directly by the WIFIA Lender and will be reimbursed by the Borrower pursuant to Section 10(c) (Fees and Expenses – Expenses). The underwriting spread to be paid by the Borrower to the WIFIA Lender will be zero Dollars ($0). (b)The Borrower’s responsibilities for the fees and expenses of the WIFIA Lender, including the Servicing Fees, are as set forth in Section 10 (Fees and Expenses). (c)No “finder” as that term is defined in Section 218.386(1)(a), Florida Statutes, as amended, has entered into an understanding with the WIFIA Lender, or to the knowledge of the WIFIA Lender, with the Borrower, for any paid or promised compensation or valuable consideration, directly or indirectly, expressly or implied, to act solely as an intermediary between the Borrower and the WIFIA Lender or to exercise or attempt to exercise any influence to effect any transaction in connection with the WIFIA Loan. (d)No other fee, bonus or other compensation is estimated to be paid by the WIFIA Lender in connection with the WIFIA Loan to any person not regularly employed or retained by the WIFIA Lender (including any “finder,” as defined in Section 218.386(l)(a), Florida Statutes, as amended), except as specifically enumerated as expenses to be incurred and paid by the WIFIA Lender as set forth in clause (a) above. (e)The Borrower is issuing the WIFIA Bond for the purpose of financing the cost of certain capital improvements to the System, as more particularly described herein. The WIFIA Loan is a drawdown loan and therefore, due to the varying timing of the draws, it is impossible to determine the total interest to be paid on the WIFIA Bond. However, assuming the full amount of the WIFIA Loan, in the maximum principal amount of $44,204,486, is drawn in accordance with the Anticipated WIFIA Loan Disbursement Schedule and assuming that the WIFIA Bond is outstanding through August 1, 2060, at the WIFIA Interest Rate of 1.36%, total interest paid over the life of the WIFIA Bond is estimated to be approximately $14,777,588.29. (f)The WIFIA Bond will be payable solely from the Pledged Funds. The issuance of the WIFIA Bond, based on the assumptions described in clause (e) above, will result in a maximum of approximately $1,804,317.58 of Pledged Funds not being available to the Borrower to finance the other services of the Borrower each year until the Final Maturity Date. (g)The name and address of the WIFIA Lender are set forth in Section 31 (Notices). 58