EXHIBIT 7-A
Comparison of Proposals to Provide Letter of Credit
Credit Line Principal Interest Commitment
Financial Institution Amount Interest Rate Term Payment Payments Fees Expenses Collateral
Bank of America Up to $2,500,000 Wall St. Prime Rate + .25% or 1 year Due at Maturity Monthly 0.50% Est. $1000 Full Faith &
1 month LIBOR Rate + 3.0% to $2,000 [1] Credit of MPWMD
Fremont Bank $2,000,000 Wall St. Prime Rate + .50% 1 year Due at Maturity Monthly 0.50% $1,000 [2] UCC-1 Blanket
with a floor rate of 5% Filing on all Assets
[1]  Bank to be reimbursed for out of pocket cost of outside counsel review of any legal opinions or special documentation.
[2]  Fees for documentation and processing
Note:  All commitments will be subject to the District maintaining its primary operating accounts with the bank, and meeting various
           conditions and warranties.  Additionally Fremont bank requires average minimum balance of $500,000 in depository balances.