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<br />I <br /> <br />I <br /> <br />I <br /> <br />~:~[3INJ~m D.[~I[?@~~1ffi@[~], <br /> <br />(Continued) <br /> <br />I <br /> <br />ARBITRAGE <br /> <br />I <br /> <br />The federal government has imposed complex rules to restrict the use of tax-exempt <br />financing. Their principal purpose is to eliminate any significant arbitrage incentives in a tax- <br />exempt issue. We have determined the applicability of these requirements and performed <br />the rebate calculations for more than 100 bond issues. <br /> <br />I <br /> <br />LISTING OF GOVERNMENTAL CLIENTS <br />GRAU PROVIDES ARBITRAGE SERVICES FOR: <br /> <br />I <br /> <br />I <br /> <br />· Bartram Springs Community Development District <br />· Beacon Lakes Community Development District <br />· Beacon Tradeport Community Development District <br />· Bobcat Trail Community Development District <br />· Brandy Creek Community Development District <br />· Briger Community Development District <br />· Brighton Lakes Community Development District <br />· Capital Region Community Development District <br />· Cedar Pointe Community Development District <br />· Championsgate Community Development District <br />· City Place Community Development District <br />· Cory Lakes Community Development District <br />· Country Greens Community Development District <br />· Double Branch Community Development District <br />· Dunes Community Development District <br />· East Homestead Community Development District <br />· East Park Community Development District <br />· Falcon Trace Community Development District <br />· Fleming Island Plantation Comm. Dev. District <br />· Grand Haven Community Development District <br />· Griffin Lakes Community Development District <br />· Habitat Community Development District <br />· Hamal Community Development District <br />· Harbour Lakes Estates Comm. Development District <br />· Harmony Community Development District <br />· Heritage Palms Community Development District <br />· Heritage Pines Community Development District <br />· Heritage Springs Community Development District <br />· Huntington Community Development District <br />· Islands of Dorallll Community Development District <br />· Julington Creek Plantation Comm. Dev. District <br />· Laguna Lakes Community Development District <br />· Lake Ashton Community Development District <br />· Lakeside Plantation Comm. Development District <br />· Lakewood Ranch 1 Community Development District <br />· Lakewood Ranch 2 Community Development District <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />'Tr;~r~~if~d ~;~~~~~'~:I~ <br /> <br />· Lakewood Ranch 3 Community Development District <br />· Lakewood Ranch 4 Community Development District <br />· Lakewood Ranch 5 Community Development District <br />· Lakewood Ranch 6 Community Development District <br />· Live Oak Community Development District <br />· Marshall Creek Community Development District <br />· Monterra Community Development District <br />· Narcossee Community Development District <br />· Old Palm Community Development District <br />· Overoaks Community Development District <br />· Parkway Center Community Development District <br />· Pine Air Lakes Community Development District <br />· Pine Island Community Development District <br />· Portofino Isles Community Development District <br />· Portofino Shores Community Development District <br />· Reunion East Community Development District <br />· Reunion West Community Development District <br />· River Place on the St. Lucie Community Dev. District <br />· Sampson Creek Community Development District <br />· South Dade Venture Community Development District <br />· South Village Community Development District <br />· Spicewood Community Development District <br />· Stoneybrook West Community Development District <br />· The Crossings at Fleming Island Comm. Dev. District <br />· Turnbull Creek Community Development District <br />· University Place Community Development District <br />· Urban Orlando Community Development District <br />· Vasari Community Development District <br />· Villages of Westport Comm. Development District <br />· Villasol Community Development District <br />· Vista Lakes Community Development District <br />· Vizcaya Community Development District <br />· Walnut Creek Community Development District <br />· Waterchase Community Development District <br />· Westchester Community Development District #1 <br /> <br />45 <br />