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• <br /> = Option Four : Do Nothing <br /> • The City's right to terminate relationship <br /> becomes effective once Touchstone misses the <br /> October 31 deadline . The right to terminate stays <br /> effective until Touchstone completes its financing <br /> and begins construction . <br /> • City could just wait and see, and exercise right to <br /> terminate later if there is no progress <br /> • Not a recommended option : ( 1 ) it would bean <br /> extension for free and (2) it creates uncertainty, <br /> which may hurt Touchstone's ability to get <br /> financing <br />