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ATTACHMENT 4 <br /> Schedule of Performance <br /> <br />Attachment 4 <br />Draft Schedule of Performance 11/22/02 <br />This schedule is based on calendar days <br />unless otherwise noted.~ <br />Action Date <br />1 Schedule Effective Date Third day following RDA/City approval <br /> of Disposition and Development <br /> Agreement (DDA). <br />2 Funding for Property Acquisition - Within 30 days of Effective Date <br /> Developer provides proof of funding <br /> commitment <br />3 Developer obtains executed lease from Within 30 days of Effective Date <br /> Century Theatres <br />4 Developer and Agency complete Within 90 days of Effective Date. <br /> attachments to the DDA. <br /> Redevelopment Agency Schedule <br />5 Agency approves developer financing; Within 30 days of Developer Proof of <br /> Board authorizes written offers to Funding and Receipt of Executed Lease <br /> property owners. <br />6 Agency begins acquisition process. Within 10 days of Agency Board <br /> approval to submit written offers <br />7 Agency/property owners complete Within 45 days of written offers to <br /> negotiations property owners. <br />8 If necessary, Agency holds hearings on Within 30 days of completion of <br /> Resolutions of Necessity. negotiations. <br />9 Agency relocates tenants. Within 270 days of successful <br /> negotiations and property acquisition <br />10 Agency provides proof of possession of Within 45 days of relocation of final <br /> acquisition parcels tenant/occupant. <br />11 Developer accepts possession of Within 30 days of proof of legal <br /> Acquisition and Agency parcels and acquisition <br /> escrow closes. <br /> Community Development Schedule <br /> (Planning, Engineering, & Building) <br />12 Developer is granted agency status for Within 30 days of Effective Date <br /> <br />1 In many cases, the estimated time to complete action items is dependent upon the completion ora previous item or <br />items. <br /> <br />DOCSSF1:648942.4 <br />9975-5 C14 <br /> <br /> <br />