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i 1 i ► r ► i i ► ► i <br />Ramsey Town Center Apartments <br />Ramsey Town Center - Ramsey, MN <br />Preliminary Development Schedule (SUMMARY) <br />ITEM <br />Pre -Design / Development Meeting <br />Concept Plan - Complete Modified Plan based on Design Meeting <br />Initial Construction Budget <br />Submit modified Budget/Proforma/plans to Ramsey for review <br />Development Team Meeting - Budget/Proforma/Design Review <br />Ramsey Contract Documents - Preliminary Workshop <br />HUD Pre -Application Meeting <br />Approval of Preliminary Budget/Proforma/Plan/Agreement - HRA/City Council <br />Ramsey Agreement Contract Documents - Commence Drafts <br />Complete Modified Marketing Analysis <br />Ramsey Agreement Contract Documents - Complete Drafts <br />HUD Pre -Application Submittal <br />Ramsey Agreement Contract Documents - Review Period <br />Ramsey Agreement Contract Documents - City Council Approval / Execution <br />Architectural Construction Documents - Commence <br />HUD Review / Invitation <br />HUD Final Application Submittal <br />HUD Final Review & Comment - Firm Commitment <br />HUD Closing <br />Commence Construction <br />Project Opening <br />ALTERNATE DATES FOR EXPEDITED OPENING <br />CLOSE PROJECT FINANCING <br />COMMENCE CONSTRUCTION <br />PROJECT OPENING <br />TARGET <br />12/16/09 <br />12/23/09 <br />01/15/10 <br />01/20/10 <br />01/21/10 <br />01/21/10 <br />01/21/10 <br />01/26/10 <br />01/27/10 <br />01/29/10 <br />02/28/10 <br />03/05/10 <br />03/30/10 <br />04/13/10 <br />04/16/10 <br />05/14/10 <br />10/29/10 <br />01/28/11 <br />02/25/11 <br />03/01/11 <br />1/4/2012 <br />COMPLETE <br />X - 12/16/09 <br />X - 12/22/09 <br />TARGET COMPLETE <br />7/1/2010 <br />8/1/2010 <br />6/1/2011 <br />^FLAHERTY & COLLINS <br />Properties <br />NOTES <br />Estimates being completed by Frana & DeVere <br />Indianapolis <br />Charlotte <br />Cmeinnati <br />Raleigh <br />Set for 8:O0am at City Hall <br />Trying to coordinate for immediately following Developmnet Meeting 12-2:45pm <br />Approval to move forward to Contract Documents <br />Have not commenced, study should encumber entire Ramsey Town Center Project <br />Key items necessary for completion - Phase I Environmental & Market Study <br />Will start upon invitation by HUD or other potential trigger <br />10-12 month construction period (1st building at 10 months) <br />Staggered opening„ last building would open around March 2012 <br />NOTES <br />Est. Drop dead commencement date to be able to build through Winter <br />10-12 Month Construction Schedule <br />