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<br />EXHIBIT B <br />DEVELOPER WORK SCHEDULE <br /> <br />Task Deadline <br />l. Developer to sign ENR. Developer will have signed By June 6, 2005. <br /> ENR in anticipation of presentation to Agency Board. <br />2. Presentation of ENR to Board. June 20, 2005. <br />3. Effective Date. Agency delivery of executed ENR to By June 22, 2005. <br /> Developer. <br />4. Obtain Third Party Purchase Agreements. Developer By 120 days after Effective Date. <br /> shall endeavor in good faith to reach Purchase Developer may extend up to 180 <br /> Agreements with the property owners of the privately days. <br /> owned parcels. <br />5. Development Concept Submittal. The Developer shall By 180 days after Effective Date. <br /> deliver to the Agency a preliminary development <br /> concept, including conceptual land use and massing <br /> plan, concept for retail, parking, and size of <br /> building(s). <br />6. Developer Due Diligence. Completion by the By 210 days after the Effective <br /> Developer of the due diligence which may include the Date. <br /> following items: soils/geotechnical, environmental, <br /> hazardous materials, title review, boundary/ALTA <br /> survey, initial traffic study, initial utility study, <br /> acoustics, entitlement process/CEQA review, retail <br /> market study, residential market study, development <br /> fee study, and/or other studies as needed at <br /> Developer's sole discretion. <br />7. Negotiating Business Terms ofDDA. Developer and By 210 days after the Effective <br /> Agency will agree to main business terms on a Letter Date. <br /> of Intent. <br />8. First Community Workshop. Developer shall hold By 270 days after the Effective <br /> first community meeting to present concept plan and Date. <br /> receive feedback. Developer will conduct follow up <br /> community workshops as needed. <br /> <br />Olson ENRA <br />Page 10 of II <br />June 2005 <br />