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<br />. <br /> <br />e <br /> <br />J. William McDonald <br />Demmus D. Harvey, Jr. <br />Page 4 <br />November 4, 1985 <br /> <br />b. Expenses of The Grand Valley <br />Irrigation Company for preparation <br />of cost estimate and summary report <br /> <br />(1) Board of Directors <br />expenses for two Board <br />meetings to review cost <br />estimate and draft <br />summary report <br /> <br />2 meetings x <br />10 directors x <br />$45~O /director/meeting $ <br /> <br />900.00 <br /> <br />(2) Superintendent staff <br />expenses for meetings <br />and review of cost <br />estimate and draft <br />summary report <br /> <br />10 hours/week x 10 weeks <br />x $60.00/hour <br /> <br />6,000.00 <br /> <br />(3) Office staff expenses for <br />meetings and review of <br />draft summary report <br /> <br />2 hours/week x 10 weeks <br />x $30.00/hour <br /> <br />600.00 <br /> <br />TOTAL COMPANY EXPENSES FOR <br />PREPARATION OF COST ESTIMATE <br />AND SUMMARY REPORT <br /> <br />$ 7,500.00 <br /> <br />TOTAL EXPENSES FOR PREPARATION <br />OF COST ESTIMATE <br />AND SUMMARY REPORT <br /> <br />$17,75l.00 <br /> <br />3. Modification of Corporate Documents and <br />Leqislative Amendments. <br /> <br />a. Legal expenses for modification <br />of corporate documents <br /> <br />Hours <br /> <br />(I) <br /> <br />Prepare for and conduct <br />special meetings of Board <br />of Directors and shareholders <br /> <br />8.0 <br />