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<br />. <br /> <br />. <br /> <br />J. William McDonald <br />Demmus D. Harvey, Jr. <br />Page 9 <br />November 4, 1985 <br /> <br />c. Joint monthly meetings with <br />subcommittee of The Grand <br />Valley Irrigation Company, <br />Colorado Water Conservation Board, <br />and Bureau of Reclamation <br /> <br />9 months x 6 hours/month <br /> <br />54.0 <br /> <br />d. Separate meetings between legal <br />counsel and subcommittee <br /> <br />9 months x 7 hours/month <br /> <br />63.0 <br /> <br />e. Full Board of Directors <br />meetings for interim status <br />and approval of the proposed <br />contract <br /> <br />2 meetings x 4 hours/meeting <br /> <br />8.0 <br /> <br />f. Legal expenses out of meetings <br />to revise, redraft, make <br />recommendations and miscellaneous <br />telephone calls and conferences <br /> <br />9 months x 16 hours/month <br /> <br />144.0 <br /> <br />TOTAL HOURS FOR CONTRACT DRAFTING <br />AND NEGOTIATION <br /> <br />339.0 <br /> <br />We anticipate that legal expenses for contract <br />drafting and negotiation will be incurred as <br />follows: <br /> <br />60% x 339.0 hours x $120.00/hour <br /> <br />$24,408.00 <br /> <br />40% x 339.0 hours x $90.00/hour <br /> <br />12,204.00 <br /> <br />TOTAL LEGAL EXPENSES FOR CONTRACT <br />DRAFTING AND NEGOTIATION <br /> <br />$36,612.00 <br />