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b , (' \3 EXHIBIT I: ORDER OF CONTRACT EVENTS I. City continues paying the Availability Charge until the date the Initial Payment as per 93.4.1. 92.2 2. The Revised Agreement is executed. This is the "Effective Date." 9 1.14 3. Promptly after the Effective Date, Seller (acting through Seller's Architect) commences preparation of those Design and Construction Documents that have not already been completed by Seller's Architect. 4. Within thirty-seven days of the Effective Date, Seller completes Schematic Design Documents. 94.1.1 5. City reviews Schematic Design Documents, including consultation with Court Officials. City has fifteen days from receipt of the Schematic Design Documents to approve. 94.1.1 (up to fifty-two days total from Effective Date to final approval of Schematic Design Documents.) 6. Within two business days of City approval of Schematic Design Documents, City makes Initial Payment of $5,000,000 to Seller (adjusted by amounts paid by City to Seller's Architect). (The "Initial Payment") 93.4.1. 7. On the date of the Initial Payment, the City grants to Seller a security interest in City Hall and the City Hall Parking Deck. 98.1. 8. Seller completes Design Development Documents within ninety days of final approval of Schematic Design Documents. 94.1.2. 9. City reviews Design Development Documents, including consultation with Court Officials. City has fifteen days from receipt of Design Development Documents to approve. 94.1.2. (up to 157 days from Effective Date to final approval of Design Development Documents). 10. Seller completes Construction Documents within one hundred eighty days of final approval of Design Development Documents. 94.1.3. 11. City reviews Construction Documents, including consultation with Court Officials. City has fifteen days from receipt of Construction Documents to approve. 94.1.3. (up to three hundred fifty-two days total from Effective Date to approval of Construction Documents.) 12. Within three business days of approval of the Construction Documents, Seller provides the Final Development Fee and the Final Management Fee to City. 94.1.5 13. On or prior to February 1,2010, City makes $3,000,000 payment to Seller (the "Second Payment"). 93.4.2. 14. On or prior to July 15,2010, City makes $25,000,000 payment to Seller (the "BAN I Payment"). 93.4.3. 15. On or prior to February 1,2011, City makes $3,000,000 payment to Seller (the "Third Payment"). 93.4.4. 16. On or prior to July 15,2011, City makes $25,000,000 payment to Seller (the "BAN II Payment"). 93.4.5. 17. Within twenty-four months of the City's final approval of the Construction Documents, construction is complete, and the courthouse is ready for occupancy. 94.1.5. 18. Thirty days after completion of the Improvements, closing occurs, and the City obtains title to the Property. 95.1. I -I Draft #4.1