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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) DDA EXECUTION/EFFECTIVE DATE February 1, 2005 <br />(2) Developer completes Within 30 days of DDA <br /> planning approval execution or effective <br /> process. date. <br />(3) Developer completes within 60 days of <br /> engineering for on-site effective date. <br /> improvements and <br /> necessary mapping to <br /> create new parcels to <br /> satisfaction 0 f <br /> Engineering Division. <br />(4) Parcel Map recorded. Within 70 days of <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 />of <br /> <br />(6 ) <br /> <br />Developer completes and <br />submits 100% construction <br />drawings in response to <br />preliminary review <br />comments. <br /> <br />Wi thin 120 days <br />effective date. <br /> <br />of <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 />of <br />no <br />of <br /> <br />I - 1 <br /> <br />Upon proof of financing. <br />REDW\0006\DOC\001-7 <br />3/29/05 3:15 /rove <br /> <br />(8 ) <br /> <br />Agency opens escrow. <br />