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3rdand BroadwayPBA/CDANovember 17, 2020Slide 16Performance ScheduleFUNCTION TIME OF PERFORMANCEConstruction Drawings and Grading PlanWithin 8 months of City Council Approval.Proof of Financing and Hotel Operator CommitmentWithin 90 days of approval of construction drawings.Opening of Escrow Within 60 days of Developer proof of financingFinancing for Public Improvements (City)Within 90 days of Developer proof of financing.Issuance of Demolition, Grading Permits and Building PermitsWithin 90 days of closing of escrowCompletion of Construction On or before 24 months from start of construction