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<br />EXHIBIT "C" <br />DEVELOPMENT SCHEDULE: <br />ACTIVITY <br />Schematic Design <br />Preliminary Plans <br />PUD Approval <br />Working Drawings <br />Plan Checking <br />Construction Phase I <br />(85+/- Units) <br />Construction Phase II <br />(85+/- Units) <br />COMPLETION DATE <br />January 31, 1993 <br />February 28, 1993 <br />April 30, 1993 <br />July 31, 1993 <br />September 30, 1993 <br />July 31, 1994 <br />September 30, 1994 <br />