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LEGAL APPROVAL craIg livingston, ard 2ct July 30, 1992 Mr. Christopher Cutro, Director of Planning City of Boynton Beach 100 E. Boynton Beach Blvd. Boynton Beach, Florida 33435 RE: Lighthouse Square Marina Dear Mr. Cutro: As per our last meeting with you and the developers of the Lighthouse Square Marina, we are pleased to present the following phasing schedule for the completion of construction for your review and consideration. As you are aware, we are currently listed as an agenda item for the August 4th City Commission meeting for a formal vote and consideration of this schedule. Based on discussions with the developers and their financial institution, we propose the project be completed as follows: PHASE ONE: *Lighthouse *Marina and sea wall *East Retain Building (10,000 suare feet) *All site utilities, roadwork, landscape, parking *East Restaurant PHASE TWO: *West Retail Building (15,000 square feet) *Two story Deli Building *Harbor Master Building *Parking at north side of Boynton Beach Blvd. PHASE THREE: *Boat Storage Building *Retail on South side of Boat Building *West Restaurant We anticipate Phase 1 to begin on November 1, 1992 and complete construction within 9 months. Phase 2 will begin by March 1, 1993 with completion within 8 months. Phase 3 will begin by July, 1993 with completion by October, 1993. In the event the leasing proceeds faster than expected, we will coordinate earlier dates with your office. We look forward to hearing your comments regarding the aforementioned, and appreciate your continued cooperation and consideration. RECEIVED JUl 3 1 1992 new york florida cyprus 323 north federal highway suite c boynton beach, florida 33435 407-737-9606 407-737-9608 (fax)