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11/6/2007 <br />NEXT STEPS <br />o Application to secure place for rebate offer <br />• There is no guarantee that the rebate will continue <br />in 2008 <br />o Signing of a Letter of Intent <br />• Authorizes Siemens to conduct detailed <br />engineering study <br />• No direct costs unless project is cancelled by City <br />o Performance Contract Agreement <br />• Final system design (1 month) <br />• Equipment procurement and construction <br />(14 months) <br />• Maintenance (15 years) <br />