The Waldorf Property By tpnfre55 Feb 16, 1989 End of feasibility period. Deposit of $150,000 is converted to a down payment. Period: Feb 16, 1989 to Dec 31, 1993 Waldorf Property Duration Period: Feb 16, 1989 to Feb 16, 1990 Wetlands Study and approval of the site plan by the gvt Duration of the first 12 months. Feb 16, 1990 Deal Closing Delay Deadline If property is purchased, deal closing can be delayed for a year. Period: Feb 16, 1990 to Jun 16, 1990 Site Preparation Mar 1, 1990 Payment of Approval process costs $297,000 costs of approval process paid Jun 16, 1990 BuildAmerica Parcel transfered to Partnership