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EXHIBIT D <br />Construction Schedule <br />The Developer must substantially complete the construction of 8 units on or before March 31, <br />2004, must substantially complete an additional 18 units, for a total of 26 units, on or before <br />December 31, 2004 and must substantially complete an additional 18 units, for a total of 44 <br />units, on or before December 31, 2005. <br />1450998v8 <br />D -1 <br />- 3 9 - <br />