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REVISED DDA SCHEDULE OF PERFORMANCE <br />(December 2022 Revision) <br />Developer commences construction of Site <br />Preparation for Single-Family Element <br />Within the first to occur of: 1) 90 days after <br />Permit Issuance for Site Preparation for the <br />Single Family Element or 2) 24 months <br />following Close of Escrow for the Single <br />Family Element <br /> <br />Developer substantially completes Horizontal <br />Improvements for Single Family Element <br /> <br />Within 36 months of Commencement of <br />Construction of Site Preparation for the <br />Single Family Element <br /> <br />7. Golf Course Element <br /> <br /> <br />Submit Golf Course Implementation Plan to City <br /> <br />November 19, 2021 (completed) <br />Developer and City enter Public Improvement <br />Agreement for Golf Course Element, and <br />Developer submits required security to City <br /> <br />Prior to Permit Issuance for Site <br />Preparation for Single Family Element <br />Developer commences construction of Golf <br />Course Element <br /> <br />Within 90 days after Permit Issuance for <br />Site Preparation for Golf Course Element <br /> <br />Developer substantially completes construction of <br />Golf Course Element and all major construction <br />is complete and only minor work and/or <br />maturation of landscaping remains, as accepted <br />by the Directors of Engineering and <br />Transportation and Public Works. <br /> <br />Within 36 months of Commencement of <br />Construction of Golf Course Element and <br />prior to sale of 133rd residential unit within <br />the Single-Family Element <br /> <br />8. Developer Hotel Element <br /> <br /> <br />All conditions precedent to commencement of <br />Developer Hotel Ground Lease (except for the <br />Post-Commencement Conditions) are satisfied or <br />waived by the parties. <br /> <br />By December 31, 2022 <br />Effective Date - Execution and commencement of <br />Developer Hotel Ground Lease occurs. <br /> <br />By December 31, 2022 <br />Developer obtains Permit Issuance for Horizontal <br />Improvements for the Developer Hotel Element <br /> <br />Within 48 months following Effective Date <br />of Developer Hotel Ground Lease <br /> <br />Developer commences construction of Horizontal <br />Improvements for the Developer Hotel Element <br /> <br />Within the first to occur of 1) 90 days after <br />Permit Issuance for Horizontal <br />Improvements, or 2) 51 months following