1. Project Identification:   (a) Internal Market Analysis   (b) Site Identification   (c) Zoning, Land use, Storm Water, Topographical, and Utility Analyses.

2. Examine Financial Feasibility

3. Develop Organizational Structure and Management Plan

4. Negotiate Land Option/Purchase

5. Preliminary Design & Develop Project Capital Budget and Operational Costs

6. Direct Independent Feasibility Analysis (if necessary)

7. Decide to Continue or Drop Project

8. Present Financing Package (Debt/Equity/Grants)

9. Coordinate Project Appraisal (MAI)

10. Direct Final Design Tasks:   (a) Environmental and Flood Plain Reviews   (b) Surveys   (c) Soils Analysis   (d) Final Plans and Specifications   (e) Obtain Permits   (f) Refine Capital Budget

11. Develop Final Construction Costs and Development Budget

12. Coordinate Legal Issues:   (a) Title Work   (b) Organizational Documents   (c) Closing Documents

13. Acquire Project Equity

14. Project Loan Closing

15. Begin Construction

16. Construction Administration, Testing and Inspections

17. Grand Opening

18. Direct Property Management Activities

19. On-going Financial Monitoring

20. Direct Annual Reports and Tax Returns