| 8/3/98 |
Padres execute MOU. |
| 8/4/98 |
City Council approves ballot measure for
submission to voters. |
| 10/1/98 |
Terms agreed for extension at Qualcomm
Stadium. |
| 11/3/98 |
Ballpark Project vote. |
| 12/3/99 |
Certification Date. |
| 1/1/99 |
Budget Estimates for Ballpark, Land, Public
Parking and Infrastructure finalized. |
| 2/1/99 |
Finalize Baseline Ballpark Program and
minimum design standards. |
| 2/14/99 |
Finalize estimate of property/possessory
interest tax and Transient Occupancy Tax
revenue for Ballpark and Phase 1. |
| 3/15/99 |
City comments on Final Baseline Ballpark
Program and minimum design standards. |
| 4/1/99 |
Finalize binding agreement with Padres,
Developer and/or others for Phase 1 and
receive assurances for Substitute Ancillary
Development (if any) and 1,000 room
Convention Center Expansion hotel. |
| 4/1/99 |
Receive commitments for Other Required
Financing Investments ($21 million). |
| 4/1/99 |
Receive Padres first priority lien on National
League Franchise. |
| 4/1/99 |
Execution of DDA or DA for Phase 1. |
| 4/1/99 |
Begin land acquisition. |
| TBD |
Finalize EIR and PDO amendment (if any). |
| TBD |
Ballpark groundbreaking. |
| TBD |
Execute City financing - 45 days after latter
of certification of EIR, or adoption of PDO
amendment. |
| 6/1/00 |
Padres deposit first of eight (8) quarterly
payments - subject to acceleration. |
| 2/1/02 |
Substantial Completion of Ballpark Project. |
| 3/1/02 |
Operational start-up of Ballpark. |
| 3/31/02 |
Substantial Completion and Certificate of
Occupancy for Phase 1. |
| 4/1/02 |
Opening Date. |
| 10/1/02 |
Deposit Ballpark construction savings (if
any), up to $5 million, into Capital
Expenditure Reserve Fund. |
