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<br />EXHIBIT "I" <br /> <br />SCHEDULE OF PERFORMANCE <br /> <br />(Days shall be calendar days, and all dates herein are <br />subject to change due to force majeure in accordance with <br />Section 6.05 of the Agreement) <br /> <br />( 1) <br /> <br />DDA EXECUTION/EFFECTIVE DATE <br /> <br />February 1, 2005 <br /> <br />(2) <br /> <br />completes <br />approval <br /> <br />Within 30 <br />execution <br />date. <br /> <br />days of DDA <br />or effective <br /> <br />Developer <br />planning <br />process. <br /> <br />(3) <br /> <br />Developer completes <br />engineering for on-site <br />improvements and <br />necessary mapping to <br />create new parcels to <br />satisfaction of <br />Engineering Division. <br /> <br />Within 60 days <br />effective date. <br /> <br />(4 ) <br /> <br />Parcel Map recorded. <br /> <br />Within 70 days <br />effective date. <br /> <br />(5 ) <br /> <br />Developer completes and <br />submits 50% construction <br />drawings for preliminary <br />review. <br /> <br />Within 60 days <br />effective date. <br /> <br />(6) <br /> <br />Developer completes and <br />submits 100% construction <br />drawings in response to <br />preliminary review <br />comments. <br /> <br />Within 120 days <br />effective date. <br /> <br />(7 ) <br /> <br />Developer submits <br />evidence of all required <br />financing commitments. <br /> <br />Within 180 days <br />effecti ve date but <br />more than 420 days <br />effective date. <br /> <br />I-I <br /> <br />REDW\0006\DOC\001-5 <br />1/27/05 7:00 /mve <br /> <br />of <br /> <br />of <br /> <br />of <br /> <br />of <br /> <br />of <br />no <br />of <br />