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<br />~ß-g <br /> <br />Attachment No.8 <br />Franklin Street Area Schedule of Performance <br /> <br />20. Agency provides notice to tenants/occupants Within 7 days of Step 18. <br /> of condemnation parcels of displacement (at <br /> least 90 days prior to residential/business <br /> displacement; 30 days in other cases). <br />21. Agency calls upon Letters of Credit or Cash Within 7 days of Step 19. <br /> Deposit or notifies Shea of option for Cash <br /> Substitution for remaining Acquisition <br /> Parcels. <br />22. Agency obtains DIPs. Within 10 days of Step 19 or as soon as <br /> awarded by court, whichever is later. <br />23. DIP served on Condemnees and Within 5 days of Step 22. <br /> Condemnees' Counsel. <br />24. Agency relocates commercial/residential Within 270 days of Step 22. <br /> tenants. <br />25. Agency delivers possession of Acquisition Within 30 days of Step 24. <br /> Parcels to Shea. <br />26. Shea accepts possession of Acquisition Within 30 days of Step 25. <br /> Parcels. Title Policy issued. <br />27. Agency places Acquisition Parcels' deeds or Within 10 days of receipt by Agency. <br /> Court DIPs into escrow. <br />28. Shea either accepts or waives the conditions No later than 30 days prior to close of <br /> in Section 402 of Agreement. escrow. <br />29. Shea delivers fees and charges to escrow No earlier than 10 days prior to close of <br /> agent. escrow. <br />30. Shea requests Certificates of Completion for Upon completion of each Project Phase. <br /> one or more phases. <br />31. Agency requests City's determination for Within 15 days of Step 30. <br /> completion of each Project Phase for <br /> Certificate of Completion. <br />32. Agency staff checks with City for status of Within 15 days of Step 31. <br /> the Project Phase or Phases. <br />33. Shea corrects Project deficiencies and Within 15 days of Step 32. <br /> resubmits the request for the Certificate or <br /> certificates of Completion. <br />34. Agency issues Certificate of Completion. Within 10 days of Step 33. <br /> <br />Notes: <br /> <br />On March 27,2000 the City of Redwood City Redevelopment Agency Board approved an Amendment to <br />the Shea Homes Franklin Street Area Disposition and Development Agreement (DDA) Schedule of <br />Performance Steps 9 and 12. <br /> <br />On June 26, 2000, the City of Redwood City Redevelopment Agency Board approved an Amendment to <br />the Shea Homes Franklin Street Area Disposition and Development Agreement (DDA) Schedule of <br />Performance, Step 9. <br /> <br />wc-27287 <br />