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<br />ATTY/AGR/2022/AMENDMENTS/FIRST AMENDMENT TO MASTER PROJECT AGREEMENT <br /> <br />Page 4 of 5 <br />EXHIBIT E <br />Amended Schedule of Performance <br />Approval of Final Plans for Phase I <br />Improvements <br />By March 1, 2020. <br />City issuance of Bonds to finance <br />Phase 1 Improvements <br />By June 30, 2021. <br />City award of construction contract to <br />construct Phase 1 Improvements <br />By June 30, 2021. <br /> <br />Commencement of construction of <br />Phase 1 Improvements <br />Within 60 days after award of construction contract. <br />Completion of construction of Phase <br />1 Improvements <br />Within 24 months after commencement of <br />construction. <br />City provides YMCA-SV Written <br />Notice of Demolition of Existing <br />VMSC and Gift Shop/Administration <br />Building on Project Site <br />At least 90 days prior to commencement of demolition <br />work, but no earlier than June 1, 2024. <br />Demolition by City of Existing <br />VMSC and Gift Shop/Administration <br />Building on Project Site <br />Within 18 months after completion of the Phase 1 <br />Improvements, but no earlier than September 1, 2024. <br />YMCA-SV prepares final plans for <br />Phase 2 Improvements and submits <br />plans to City for approval <br />By September 1, 2024. <br />City approval of final plans for Phase <br />2 Improvements <br />Within 60 days after City has deemed the application <br />for the Phase 2 Improvements to be complete. <br />YMCA-SV notifies City that it has <br />sufficient financing to construct New <br />YMCA and allocable share of <br />Common Area Improvements and all <br />other conditions for conveyance of <br />leasehold interest to YMCA Site have <br />been satisfied <br />By December 1, 2024. <br />Execution of Ground Lease Within 30 days after YMCA notification to City that <br />all conditions to execution of Ground Lease have been <br />satisfied, but in any event no later than July 1, 2025.