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ELK RIVER REVITALIZATION PRELIMINARY TIMETABLE <br /> <br />July '03 Purchase Agreement or Memo of Understanding w/City of Elk River <br />July 24, '03 MHFA Application <br />Aug-Oct '03 Development Agreement <br />Sept. '03 Environmental Review <br />Sept.-Oct. '03 TIF Conclusion <br />Oct. '03 DTED Application/Small Cities Group <br />Nov. '03 MHFA Award <br />Sept.'03-Jan. '04 Site Acquisition/Relocation <br />Sept.-Nov. '03 Plan Preparation <br />Nov.- Dec. '03 Plan Approvals <br />Jan.-June '04 Pre-sales of 'For Sale' Units <br />Jan.-March '04 Financial Closings <br />Jan.-March '04 Jurisdictional Authorities Sign-offs/Approvals <br />April-May '04 Demolition <br />May-June '04 Infrastructure Improvements <br />June'04-June '06 Construction of Two Phases <br /> <br /> <br />