Correspondence between

1:30PM FYI — the only reference to Treasury is on page 4 of the request letter as indicated below: With input from the Department of Treasury, MDTED assessed that the most significant immediate negative impact will be the economic effects of such things as decreased property values, lost business activity (new businesses will not move to Flint and existing businesses that rely on clean water, such as restaurants, will be hurt), lost employment, population loss (renters will leave the city). Residents and businesses will also have to pay extra for bottled water, so the extra spending on water will take away from other spending. It is relatively easy for residents to move some of their economic/spending activity outside the city, so the Flint economy will be hurt. These impacts will create an economic downturn in Flint. In terms of personal income losses, a three to four percent loss in nominal personal income in the City of Flint seems a reasonable estimate, which would equal a negative impact of $85 million to $115 million per year in lost economic activity. Long-term, there will be the significant cost of a new water system. Direct health related costs, estimated by MDHHS, are in addition to this estimate. So | would say for the most part we have no other comment to make regarding this correspondence.

Please let me know when the wire actually gets launched. Thanks for your efforts.

Agreed here. Just about getting it to Flint

I don’t know that we care that it goes thru ASC do we ?... as long as it gets done.

Ok, thanks Suzie.

See attached info. Let me know if this works or not

I don’t disagree but find out what bottle dollars are around (& the flow) so we can answer the question. | told Wayne we should ‘throw out’ tobacco. This is the one time we haven’t when we have a vexing problem.

Bottle deposit or Escheats fund? Whatever the case, think you would still have the lending of the credit of the State issue. Hence why the ELB route was created, which is an “investment” on the State’s books. And for the most part if you would lend from an individual fund or just have an overall “investment” from the common cash fund, you are still trying up cash that would otherwise be available to manage. How about some sort of loan from the SRF?

Joe - see below... how much money is in the fund now ? how does it flow, etc ? Give mea call when you have a sec, xxxEND_PAGE:treasury01_b35_5648_6098_045