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<br />MAR-19-2002 13:35 <br /> <br />CDMMUN ITY DEU <br /> <br />5129242553 <br /> <br />) final phasing plan <br />)> financing approach <br /> <br />6) by January 16, 2001, submit to the Authority preliminary plat documents and <br />applications for planning approvals, including preliminary PUD; and the parties must <br />have approved the final comprehensive Contract. <br /> <br />7) by February 15, 2001, Developer has completed design development and pricing <br />exercise for the Phases 1 and 2 (as identified on Exhibit B) of the Park Commons East <br />development, <br /> <br />8) by April 2, 2001, Developer has initiated final planning approvals (including final <br />PUD) for Phase I, the town green, and all streets and utilities for the Park Commons <br />East development. <br /> <br />. 9) by May 14, 2001, Developer has completed construction documents and pricing <br />exercise for Phases 1 and 2 of the development; final planning approvals have been <br />obtained for Phase I, the town green and all streets and utilities for the Park <br />Commons East development; and Developer has submitted utility and building pennit <br />applications for Phase 1. <br /> <br />10) by June 1, 200 I, construction of utilities and streets for the first phase commences. <br /> <br />ll)by August 1,2001, below ground excavation for construction of buildings in the first <br />phase commences. <br /> <br />3. In Section 4(c) of the Agreement, the date "December 18, 2000" is <br />changed to "January 16,2001" (which extends the date by which an additional $100,000 <br />in cash or letter of credit becomes non-refundable, subject to the terms described in <br />Section 4). <br /> <br />4. In Section 8 of the Agreement, the date "December 31, 2000". is changed <br />to "January 31, 2001 (which extends the term of the Agreement). <br /> <br />5. The Agreement remains in full force and effect and is not modified except <br />as expressly provided herein. <br /> <br />~.05 . <br /> <br />. <br /> <br />. <br /> <br />. <br />