Timeline for Development

February 5, 2008:  Kick-off meeting consolidating two groups interested in procuring Timberlake Golf Course.  Steering Committee chairman selected. COMPLETED ON SCHEDULE

March 15, 2008:  Plans  for the purchase of the golf course and development of Timberlake Country Club  approved by the Charter Members. Executed  Charter member equity commitments. COMPLETED ON SCHEDULE

March 31, 2008: Last day for Charter member sign-up. COMPLETED ON SCHEDULE

April 30, 2008: Contract with General Contractor Pyramid Contracting COMPLETED ON SCHEDULE

May 1, 2008: Closed on the purchase and financing of the golf course COMPLETED ON SCHEDULE.

June 9, 2008: Conceptual Clubhouse Budget Estimate approved. COMPLETED ON SCHEDULE

June, 2008: Clubhouse Elevations complete and approved COMPLETED ON SCHEDULE

June 24, 2008: Master Plan approved COMPLETED ON SCHEDULE

July 22, 2008: IBOD approval of By-Laws. COMPLETED ON SCHEDULE

August 25, 2008: Final Clubhouse Budget Estimate & Plans approval. COMPLETED ON SCHEDULE

August 30, 2008: Target to obtain construction financing commitment. COMPLETED ON SCHEDULE

September 5, 2008: Obtain Lexington County Building Permits. COMPLETED ON SCHEDULE

September 9, 2008: Begin Construction of Clubhouse and Amenities. COMPLETED ON SCHEDULE

January 13, 2009: Begin Golf Cart Building COMPLETED ON SCHEDULE

January 26, 2009: Start Tennis Court Construction COMPLETED ON SCHEDULE

February 4, 2009: Complete Clubhouse Foundation & Lower Floor slab COMPLETED ON SCHEDULE

February 5, 2009: Begin Clubhouse Framing COMPLETED

August 1, 2009: Relocated #9 Green and Fairway COMPLETED

October 5 2009: Begin Clubhouse plumbing & electrical, Clubhouse Dried In, Parking Lot Paving, Pool & Pool House Construction