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PROJECTED LAND USES <br />Parcels <br />Approximate <br />Acreage <br />Proposed Land. Use <br />1-2 <br />281 <br />Business Park <br />3 <br />10 <br />Commercial <br />4 - 5 <br />22 <br />Commercial <br />6 <br />153 <br />Commercial <br />7 <br />106 <br />SF Residential - DetacirWownbomes <br />8 <br />111 <br />Master Retail and Commercial Center <br />Rights of Way <br />23 <br />RON of Way <br />Totals <br />706 <br />1. "City" shall mean the City of San Marcos, Texas <br />2. "Developer" shall mean McDonald Development Group and/or its successors and assigns <br />3. "Project" shall consist of the approximately 706 acres as described in Exhibit A and illustrated in <br />Exhibit B <br />4. "Improvements" shall refer to the construction projects to be funded by the Public Improvement <br />District ( "PID") <br />Definitions shall be effective in every instance regardless of capitalization. <br />PROPOSED PROJECT TIMETABLE <br />1. Engineering and Design of the Improvements shall commence within 90 days after City Council <br />approves the formation of the PID. <br />2. Engineering and Design of the Improvements shall be submitted to the City for review within 180 <br />days after City Council approves formation of the PID. <br />3. The Improvements shall be constructed within 210 days of City approval of Engineering and <br />Design plans subject to force majeure. <br />4. Construction of a 50,000 square foot speculative commercial building, in accordance with the <br />minimum specifications below, shall commence within 100 days of City acceptance of the <br />Improvements. <br />