A. Prepare a project plan (and a clear statement of the project plan and objectives).

B. Schedule, draft, review and issue the RFQ.

1. Q&A conference for prospective developers (optional).
2. Phase I (RFQ) responses received and reviewed.
3. Selection and notification to developers short-listed for Phase II (RFP).

A. Draft, review and issue the RFP

B. Phase II responses received, reviewed—

1. References checked and developer team due diligence performed.
2. Developer presentations (all Phase II respondents).
3. Selection of the preferred developer.

A. Letter of Intent signed between University and developer setting forth all major business terms; ground lease drafted and negotiations commenced.

B. Project goes to final decision-maker for approval (once significant business issues are sufficiently confirmed).

C. Detailed ground lease negotiations completed and documents executed.