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i (j) Not more than twenty -five percent (25 %) of the Bond proceeds will be used to provide facilities the primary purpose of which is automobile sales or service or the provision of retail food and beverage services, recreation or entertainment and none of the Bond proceeds will be used to provide any private or, commercial golf course, country club, massage parlor, tennis club, skating facility (including roller skating, skateboard and ice skating), racquet sports facility (including any handball or racquetball court), hot .tub facility, suntan facility, racetrack, airplane, skybox, or other private luxury box, any facility primarily used for gambling, or any store the principal business of which is the sale of alcoholic beverages for consumption off premises. MM The weighted average maturity of the Bonds is 15 years. (k)(2) The average "reasonably expected economic life" of the Project financed with the proceeds of the Bonds is 26.04 years, as computed on Exhibit "C" attached hereto. A list of the assets comprising the Project financed with the proceeds of the Bonds and their "reasonably expected economic lives" is attached hereto as Exhibit *Cu. (k)(3) The average maturity of the Bonds will not exceed 120 percent of the average "reasonably expected economic life" of the Project (including any facilities substituted at any time for facilities acquired initially with the proceeds of the Bonds) financed with the proceeds of the Bonds, as determined by taking into account the respective costs of such Project, as such terms are described in Section 103(b)(14) of the Code. (1) The cost of Accelerated Cost Recovery System ("ACRS ") (within the meaning of Section 168 of the Code) assets comprising the Project and the cost of land and other property, all of which have been or will be financed with the proceeds of the Bonds is as follows: -12- �.1