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PAGE 2 of APPENDIX A <br />2) PROJECT SCHEDULE: <br />The Project, for which the provision of financial assistance is the subject of this Agreement, shall <br />be pursued and completed in accordance with the following schedule: <br />ACTIVITY START DATE COMPLETION DATE <br />a) Final Design 04/01/1998 09/29/2000 <br />b) Construction <br />Bidding Process 04/16/2001 06/01/2001 <br />c) Project <br />Construction 06/01/2001 11/01/2003 <br />NOTE: Construction must begin within 30 days of the date set forth herein for the start of construction, or <br />this Agreement may become null and void, at the sole option of the Director. However, the Recipient <br />may apply to the Director in writing for an extension of the date to initiate construction. The Recipient <br />shall specify the reasons for the delay in the start of construction and provide the Director with a new <br />start of construction date. The Director will review such requests for extensions and may extend the <br />start date, providing that the Project can be completed within a reasonable time frame. <br />The information detailed in this Appendix A shall serve as the basis for Project monitoring purposes <br />and for determining Project acceptance upon its completion. In the event that circumstances require <br />a change in physical scope, such changes must be approved through the execution of a formal <br />Amendment to this Project Agreement.