BLP PREDEVELOPMENT LOAN AGREEMENT FOR PLEASANTON ASSISTED LIVING

EXHIBIT C TIMELINE Activity Duration Start Finish Predevelopment Financing and Ground Lease 14 days April 17, 2003 May 6, 2003 Housing Commission Approval 1 day April 17,2003 April 17,2003 City Council 1 day May 6,2003 May 6,2003 CaIHFA Financing Approval 82 days June 9, 2003 September 30, 2003 Submit Application 0 days June 9, 2003 June 9, 2003 Final Board Approval 82 days June 9, 2003 September 30, 2003 City Council Final Loan Approval 0 days October 7, 2003 October 7, 2003 Project Design 148 days May 7, 2003 November 28, 2003 Begin Working Drawings 0 days May 7, 2003 May 7, 2003 75% Construction Drawings 104 days May 8,2003 September 30, 2003 Submit for Plan Check 1 day October 6,2003 October 6, 2003 100% Construction Drawings 30 days October 1,2003 November 11,2003 Permit Ready 40 days October 6,2003 November 28, 2003 Construction 603 days November 12, 2003 March 3, 2006 Bid Project 45 days November 12,2003 January 13,2004 Execute Construction Contract 1 day January 14,2004 January 14,2004 Start Construction 0 days January 28,2004 January 28,2004 Finish Construction 547 days January 29,2004 March 3,2006