Reso 2022-086 2nd amendment to DDA

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REVISED DDA SCHEDULE OF PERFORMANCE (June 2022 Revision) for Site Preparation for Single Family Element Close of Escrow for Single Family parcel occurs By December 15, 2022 Developer Completion of all of the Post -Closing Prior to the first to occur of 1) Permit PSA Requirements Issuance for Site Preparation for Single Family Element, or 2) 24 months after Close of Escrow for the Single Family Element. Developer commences construction of Site Within the first to occur of. 1) 90 days after Preparation for Single -Family Element Permit Issuance for Site Preparation for the Single Family Element or 2) 24 months following Close of Escrow for the Single Family Element Developer substantially completes Horizontal Within 36 months of Commencement of Improvements for Single Family Element Construction of Site Preparation for the Single Family Element 7. Golf Course Element Submit Golf Course Implementation Plan to City November 19, 2021 (completed) Developer and City enter Public Improvement Prior to Permit Issuance for Site Agreement for Golf Course Element, and Preparation for Single Family Element Developer submits required security to City Developer commences construction of Golf Within 90 days after Permit Issuance for Course Element Site Preparation for Golf Course Element Developer substantially completes construction of Within 36 months of Commencement of Golf Course Element and all major construction Construction of Golf Course Element and is complete and only minor work and/or prior to sale of 133rd residential unit within maturation of landscaping remains, as accepted the Single -Family Element by the Directors of Engineering and Transportation and Public Works. 8. Developer Hotel Element All conditions precedent to commencement of By December 15, 2022 Developer Hotel Ground Lease (except for the Post -Commencement Conditions) are satisfied or waived by the parties.