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<br />(8) Agency opens escrow. <br />Upon proof of financing. <br /> <br />Within 30 days of opening of <br />Escrow. <br /> <br />Within 30 days of close of escrow. <br /> <br />Within 730 days from start of <br />construction. <br /> <br />Upon completion and inspection, and <br />within 20 days. <br /> <br />Within 90 days of completion of <br />construction and ongoing. <br /> <br />1-2 <br /> <br />( 9) <br /> <br />Escrow closes. <br /> <br />(10) Developer pulls <br />permits, begins <br />construction. <br /> <br />(11) Completion of <br />construction. <br /> <br />(12) Agency issues <br />Certificate of <br />Completion. <br /> <br />(13) Leaseup. <br /> <br />REDW\OO06\DOC\001-5 <br />1/27/05 7:00 /mve <br />