CONNECT with the City
General Target Timetable
| 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. |
ATTACHMENT E
Memorandum of Understanding
Attachments:
Attachment A - Map of Infrastructure Improvements
Attachment A1 - Infrastructure Expense Summary
Attachment A2 - Roadway Improvement Detail
Attachment B - Land Acquisition Parcels
Attachment B1 - Land Acquisition Summary
Attachment B2 - Summary of 5,000 Parking Spaces
Attachment C - Hotel Credit Zone
Attachment C1 - Substitute Ancillary Retail Development
Attachment D - RFP/RFQ Zone
*Attachment E - General Target Timetable
Attachment F - Padres Protection of Revenues
Attachment G - Ballpark Protection Zone