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<br />Exhi bit A <br /> <br />Attachment No.8 <br />Franklin Street Area Schedule of Performance <br /> <br />(p C-7 <br /> <br />1. Shea approves exceptions to title and Before the DDA effective date. <br /> determines Title Companies agreement to <br /> insure title. <br />2. Agreement Effective Date. Following Redevelopment Agency Board <br /> approval of Agreement. <br />3. Agency sends notice to property owners to Within 2 days of Step 2. <br /> obtain entry to Acquisition Parcels <br />4. Shea files request for access onto public Within 15 days of Step 2. <br /> land. <br />5. Agency and Shea prepare Due Diligence Within 30 days of Step 2. <br /> Budget. <br />6. Shea provides Due Diligence Budget Within 30 days of Step 2. <br /> Payment. <br />7. Shea commences Site Feasibility Within 30 days of Step 2. <br /> Assessments. <br />8. Agency obtains Rights of Entry and access Within 30 days of Step 2 or as soon as <br /> for Shea to conduct Site Feasibility awarded by Court, whichever is later. <br /> Assessments on all public and private <br /> parcels; Agency commences interviews with <br /> displaced persons and relocation needs <br /> assessment and Replacement Housing <br /> Survey. <br />9. Shea completes Site Feasibility Within 4éG 330 days of Step 8. (Add 180 <br /> Assessments; Shea makes its Election to days to neaotiate strateaies to ensure <br /> Proceed; Shea posts bond for Shea Shared financial feasibility of Shea Homes <br /> Infrastructure security. Project) <br />10. Agency completes real property appraisals Within 30 days of Step 9 or within 150 <br /> on Acquisition Parcels. days of Step 5, whichever is later. <br />11. Agency approves appraisals and Agency and Within 30 days of Step 10. <br /> Shea complete Acquisition Budget. <br />12. Shea reviews Acquisition Budget; Shea Within 30 days of Step 11. <br /> makes Election to Fund; Shea files <br /> applications for Project Approvalsl Shea <br /> provides evidence of debt financing or <br /> declaration to proceed without debt <br /> financing; Shea provides the Letter of Credit <br /> or Cash Deposit. <br />13. Agency approves Shea financing; Agency Within 15 days of Step 12. <br /> authorizes written offers. <br />14. Agency makes written offers on all Within 30 days of Step 12. <br /> Acquisition Parcels. <br />15. Agency opens escrow at title company. Within 10 days of Step 14 <br />16. Agency completes relocation needs Prior to Step 19. <br /> assessment and survey of available <br /> comparable replacement housing. <br />17. Agency/property owners complete Within 30 days of Step 14. <br /> negotiations; Agency calls on Letters of <br /> Credit or Cash Deposit or notifies Shea of <br /> option for Cash Substitution. <br />18. Agency holds hearings on Resolutions of Within 20 days of Step 17. <br /> Necessity. <br />19. Agency files eminent domain actions in court Within 5 days of Step 18. <br /> (including alP applications). <br /> <br />wc-27287 <br /> <br />. ..-,...........,......,--....,....-.,... "--y-------""" <br />