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REPLACEMENT EXHIBIT D <br />Construction Schedule <br />Developer must substantially complete the construction of 26 units on or before December 31, <br />2005, and must substantially complete the construction of an additional 19 units, for a total of 45 <br />units, on or before December 31, 2006. Substantial completion shall be determined in the <br />manner set forth in Section 6.7 of the Development Agreement. <br />4 <br />-5 <br />