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J <br />Cost Estimate <br />r <br />A Cost Estimate has been prepared for the proposed <br />project as shown on the seven (7) Exhibits and discussed in <br />detail in this study and report. It should be understood <br />that the cost estimate is prepared and presented for budget <br />purposes and is subject to revision and refinement during the <br />design stage of the project. Also, please note that this <br />cost estimate does not include any funds to cover interest <br />during construction and/or financing expenses. <br />-24- <br />