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<br />DEVELOPMENT AGREEMENT BETWEEN THE CITY OF <br />SUNNY ISLES BEACH AND 4M INVESTORS, LLC. <br />DATED AS OF ,2010 <br /> <br />DEVELOPER'S SCHEDULE <br /> <br />Approval of Contract Documents <br />(Ground Lease, Development Agreement, <br />and Design/Build Agreement by the City) <br /> <br />December 16, 2010 <br /> <br />Site Plan Approval <br /> <br />July 1, 2011 <br /> <br />Demolition and Building Permits Issuance Dates <br /> <br />January 4,2012 <br /> <br />Possession Date <br /> <br />March 1,2012 <br /> <br />Commencement of Site <br />Clearance/Demolition <br /> <br />March 1,2012 <br /> <br />Commencement of Construction <br /> <br />June 1,2012 <br /> <br />Construction Completed <br />(Issuance of certificate of occupancy) <br /> <br />November 30, 2013 <br /> <br />Project Opening <br /> <br />December 1, 2013 <br /> <br />Note: Dates discussed herein may be modified by mutual agreement. These dates <br />assume diligent cooperation between City of Sunny Isles Beach and the Developer. <br /> <br />EXHIBIT "D" <br /> <br />U:\City Attorney\HANS\201O Documents\4m Investors\DEVELOPMENT SCEDULE EXHIBIT D.doc <br />