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REVISED DDA SCHEDULE OF PERFORMANCE <br />(December 2022 Revision) <br />Developer substantially completes Hotel <br />Promenade <br />Prior to the first to occur: 1) Issuance of <br />Certificate of Occupancy for the Developer <br />Hotel or 2) Issuance of Certificate of <br />Occupancy for the Developer Restaurant <br />Developer substantially completes the <br />Multifamily Promenade <br />Prior to issuance of Certificate of <br />Occupancy for the Multifamily Element <br />Developer substantially completes boat launch <br />relocation <br />Prior to Substantial Completion of the Park <br />Element <br />6. Single Family Element <br /> <br /> <br />Effective Date <br /> <br />Executed July 22, 2020 <br />Opening of Escrow <br /> <br />Completed August 13, 2020 <br /> <br />Initial Deposit due Completed August 21, 2020 <br /> <br />Second Deposit due Completed April 1, 2021 <br /> <br />Escrow Holder delivers a Preliminary Title <br />Report for the Property <br /> <br />Delivered August 24, 2020 <br />Due Diligence Contingency Date <br /> <br />March 31, 2021 <br />Developer submits Initial Application for <br />Governmental Entitlements to City <br /> <br />Completed June 1, 2021 <br /> <br />City holds public hearing on Application for <br />Governmental Entitlements <br /> <br />By July 31, 2022 <br /> <br />Developer and City enter into Public <br />Improvement Agreement for Single Family <br />Element, and Developer submits required security <br />to City <br /> <br />Prior to the first to occur of: 1) Approval of <br />final map for any future residential <br />subdivision for the Single Family Element <br />or 2) Permit Issuance of Grading Permits <br />for Site Preparation for Single Family <br />Element <br /> <br />Close of Escrow for Single Family parcel occurs By December 31, 2022 <br /> <br />Developer Completion of all of the Post-Closing <br />PSA Requirements <br />Prior to the first to occur of 1) Permit <br />Issuance for Site Preparation for Single <br />Family Element, or 2) 24 months after <br />Close of Escrow for the Single Family <br />Element. <br />