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7. The City will take steps reasonably necessary <br /> to maintain its application for license, (or <br /> license, if issued during the next four <br /> months) , to the FERC for the projects valid <br /> and in good standing. <br /> C. Schedule for Work <br /> In order to expeditiously proceed with Project <br /> financing to continue development of the Project, an <br /> ambitious schedule will need to be followed. It is <br /> proposed that Project financing be arranged for bond <br /> sale in October 1985. In order to accomplish this, <br /> the following milestone schedule is proposed. <br /> Completion <br /> Date <br /> ° Ratification of RMI Contract 7-18-85 <br /> Confirmation of Project Power Output 8-01-85 <br /> Interim Feasibility Report 8-26-85 <br /> Draft Consultant ' s Report and <br /> Official Statement for bond sale 9-09-85 <br /> Targeted date for bond sale 10-31-85 <br /> -6- <br />