Common use of PROJECT TIMETABLE Clause in Contracts

PROJECT TIMETABLE. This project is anticipated to be completed within the following timetable. The Borrower shall contact the CDD in writing to request an extension if any segment of the timetable is, or will become, more than two months behind schedule. If at any time the Borrower believes that the time for final completion of the work should be extended because of unavoidable delays caused by an unexpected event or because of a delay attributable to the City, the Borrower shall notify the CDD as soon as possible, but no later than seven (7) calendar days after such an event. Such notice shall include any justification for an extension of time and shall identify the amount of time claimed to be necessary to complete the work. Work by the Borrower shall proceed continuously and expeditiously through completion of each phase of the work. Description Projected Dates (Mo/Yr) Acquisition/Real Estate Closing (Mo/Yr) Rehab/Construction Bid Publishing (Mo/Yr) Construction/Rehab Start (Mo/Yr) Construction/Rehab Completion (Mo/Yr) Begin Lease-Up/Marketing (Mo/Yr) Complete Lease-Up (Mo/Yr) Submit Completion Report/Final Draw Request (Mo/Yr)

PROJECT TIMETABLE. This project is anticipated to be completed within the following timetable. The Borrower shall contact the CDD in writing to request an extension if any segment of the timetable is, or will become, more than two months behind schedule. If at any time the Borrower believes that the time for final completion of the work should be extended because of unavoidable delays caused by an unexpected event or because of a delay attributable to the City, the Borrower shall notify the CDD as soon as possible, but no later than seven (7) calendar days after such an event. Such notice shall include any justification for an extension of time and shall identify the amount of time claimed to be necessary to complete the work. Work by the Borrower shall proceed continuously and expeditiously through completion of each phase of the work. Description Projected Dates (Mo/Yr) Acquisition/Real Estate Closing (Mo/Yr) Rehab/Construction Bid Publishing (Mo/Yr) Construction/Rehab Start (Mo/Yr) Construction/Rehab Completion Initiate SH Unit Lease-Up Coordination Meetings (Mo/Yr) Begin Lease-Up/Marketing (Mo/Yr) Construction/Rehab Completion (Certificate of Occupancy) (Mo/Yr) Complete Lease-Up (Mo/Yr) Submit Completion Report/Final Draw Request (Mo/Yr)

PROJECT TIMETABLE. This project is anticipated to be completed within the following timetable. The Borrower shall contact the CDD in writing to request an extension if any segment of the timetable is, or will become, more than two months behind schedule. SAMPLE If at any time the Borrower believes that the time for final completion of the work should be extended because of unavoidable delays caused by an unexpected event or because of a delay attributable to the City, the Borrower shall notify the CDD as soon as possible, but no later than seven (7) calendar days after such an event. Such notice shall include any justification for an extension of time and shall identify the amount of time claimed to be necessary to complete the work. Work by the Borrower shall proceed continuously and expeditiously through completion of each phase of the work. Description Projected Dates (Mo/Yr) Acquisition/Real Estate Closing (Mo/Yr) Rehab/Construction Bid Publishing (Mo/Yr) Construction/Rehab Start (Mo/Yr) Construction/Rehab Completion Initiate SH Unit Lease-Up Coordination Meetings (Mo/Yr) Begin Lease-Up/Marketing (Mo/Yr) Construction/Rehab Completion (Certificate of Occupancy) (Mo/Yr) Complete Lease-Up (Mo/Yr) Submit Completion Report/Final Draw Request (Mo/Yr)