2020-090 -Approving a Disposition and Development Agreement

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EXHIBIT `B" TO DISPOSITION AND DEVELOPMENT AGREEMENT PERFORMANCE SCHEDULE A. Days shall be calendar days, unless otherwise specified. B. The City Manager is authorized by the City to make minor changes to the schedule prior to the Project Completion Date resulting in an aggregate extension of the Project Completion Date of ninety (90) calendar days or less. C. All specific dates set forth in parentheses in this schedule are estimates only and not binding on the Parties. D. In the event of any conflict between this schedule and the Agreement, the terms and provisions of the Agreement shall control. E. All defined terms indicated by initial capitalization used in this schedule shall have the meanings ascribed to the same terms in the Agreement. I. GENERAL PROVISIONS FUNCTION TIME OF PERFORMANCE 1. Execution of Disposition and Within fourteen (14) days after the approval of Development Agreement by the the Agreement by City Council following City. The City shall execute this receipt by City of two copies executed by Agreement, and if approved, shall Developer. deliver two (2) executed copies thereof to the Developer 2. Property Investigation. The City Within 30 days after execution of this shall transmit to Developer all Agreement. information in the City's possession with respect the environmental and physical condition of property. 3. Letter of Interest from Hotel Within 120 days after execution of this Operator or provide City with an Agreement, Developer will obtain either a Alternative Management Plan letter of interest from a recognized hotel operator or provide the City with an Alternative Management Plan. 4. Submission of Basic Concept Completed. Drawings. Developer submits Basic Concept Drawings to City. 5. City Approval or Disapproval of Completed. Basic Concept Draw in s. City shall Exhibit `B" Performance Schedule 55394.00049\33239203.12