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2016 Annual Report - Updated Timeline NLY Timeline - revised 1.11.17 Acquire lumber yard site 1/27/2017 Complete 100% building design 2/28/2017 100% design for conduit relocation; revised cost estimate 2/28/2017 Revised cost estimate for 100% building plans 3/15/2017 Bid conduit relocation project 4/15/2017 Finalize and Execute GC Contract w/ Saloomey 5/30/2017 Contracting / Submittals conduit relocation project 6/15/2017 Conduit relocation project construction start 6/30/2017 Conduit relocation complete 9/15/2017 Building Demolition Begins 9/30/2017 DHCD Closing ??? Construction Start 10/15/2017 Tenant Lottery 9/1/2018 Construction Completion 12/31/2018 Sustained Occupancy 3/31/2019 Final Loan Closing 6/30/2019 Totals