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<br />Attachment No.8 8 C <br />Franklin Street Area Schedule of Performance <br /> <br />" ß." <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 Aareement. <br /> 3. Agency sends notice to property owners to Within 2 days of Step 2. <br /> obtain entrv 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 /> Budaet. <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 /> I assessment and Replacement Housing <br /> Survey. <br />: 9. Shea completes Site Feasibility Within ððG 450 days of Step 8. (add 120 <br /> Assessments; Shea makes its Election to days to neQotiate strateQies to ensure <br /> Proceed; Shea posts bond for Shea Shared financial feasibility of Shea Homes <br /> , Infrastructure security. Proiect) <br /> 10. Agency completes real property appraisals Within 30 days of Step 9 or within 150 <br />I on Acquisition Parcels. days of Step 5, whichever is later. <br />i 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; Shea provides <br /> evidence of debt financing or declaration to <br /> proceed without debt financing; Shea <br /> provides the Letter of Credit or Cash Deposit. <br /> 13. Agency approves Shea financing; Agency I Within 15 days of Step 12. <br /> authorizes written offers. <br />I 14. I Agency makes written offers on all I Within 30 days of Step 12. <br />I <br />I : Acquisition Parcels. <br /> 15. I Aaencv opens escrow at title company. I Within 10 days of Step 14 <br /> 16. Agency completes relocation needs Prior to Step 19. <br />i <br />I assessment and survey of available <br />I comparable replacement housinq. <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 /> (jncludina DIP applications). <br /> <br />wc-27287 <br /> <br />