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e) <br /> <br /> owner will have, at minimum, at least ten percent (10%) equity into the total <br />proiect costs. The use of a bank letter of credit for the debt service reserve will not <br /> counted as a <br /> credit toward the ten percent (10%) equity requirement. <br />nl/c~e~_ ssarily be <br /> <br /> RLF <br />Page 5 of 7 <br /> <br /> <br />