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ATTACHMENT NO. 4 <br />SCHEDULE OF PERFORMANCE/MILESTONES <br />Action Date <br />Execution of Agreement by Cit The City shall Within days after execution and delivery by <br />authorize execution of this Agreement and deliver the Developer. <br />this Agreement to the Developer. <br />2. Submission of Preliminary Title Repor . The City <br />shall cause to be prepared and delivered to the <br />Developer a Preliminary Title Report for the City <br />3. AMroval of Preliminary Title Rgport. 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 Prqj�ect. <br />5, Submission of Site and Construction Plans and <br />Construction a i. 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 Budge. The City <br />shall approve the Developer's final construction <br />plans. <br />7. Submission of Evidence of Financing. The <br />Developer shall submit evidence of adequate <br />financing to construct the Projea <br />8, Approval of Evidence of Financing. The City <br />shall review and approve Develop&s evidence <br />of adequate financing to construct the Project, <br />1 Within days following execution of <br />I 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 />. ..... ... ..... ... <br />Within _ days after execution of this <br />Agreement by the City. <br />In accordance with City's normal plan check 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 Clos 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 65D-43 <br />