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ATTACHMENT NO.4 <br />SCHEDULE OF PERFORMANCE/MILESTONES <br />Action Date <br />1. Execution of Agreement by City. The City shall Within _ days after execution and delivery by <br />authorize execution of this Agreement and deliver j the Developer. <br />this Agreement to the Developer. <br />2. Submission of Preliminary Title Report. The City t <br />shall cause to be prepared and delivered to the <br />Developer a Preliminary Title Report for the City <br />_ ..- Property <br />3. Approval of Preliminary Title Report. The <br />Developer shall approve the Preliminary Title <br />Report for the Site. <br />4. Feasibility Period. The Developer shall complete <br />its investigations and approve or disapprove of the <br />condition of the City Property, and decide whether <br />to move forward with the Hotel Protect. <br />5: Submission of Site and Construction Plans and <br />Construction and Operating Budget. The <br />Developer shall prepare and submit to the City <br />final construction plans, drawings and related <br />documents. <br />6. Aonroval of Site and Construction Plans and <br />Construction and Operating Budget. The City <br />shall approve the Developer's final construction <br />fans. <br />7. Submission of Evidence of Financing. The <br />Developer shall submit evidence of adequate <br />financing to construct the Project. <br />8. Approval of Evidence of Financing. The City <br />shall review and approve Developer's evidence <br />of adequate financing to construct the Project. <br />1 Within days following execution of <br />Agreement by City. <br />Within , days after receipt of updated <br />Preliminary Title Report from City (following <br />acquisition of Successor Agency Parcels). <br />Within days after execution of this <br />Agreement by the City. <br />Within _ days after execution of this <br />Agreement by the City. <br />In accordance with City's normal plan cheek and <br />design review process. <br />Concurrent with or immediately following <br />approval of final Construction and Operating <br />Budget, but in any event within days prior to <br />close of escrow: <br />Within _ days after receipt thereof by the <br />Agency. <br />9. Satisfaction of All Conditions Precedent to Close At or prior to the close of escrow. <br />of Escrow. Developer and City, as applicable, <br />shall complete all other conditions precedent to <br />close of escrow provided for in Section 3.5. <br />55394,00000\29008220.1 65 D-43 <br />