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(b) <br /> <br />(c) <br /> <br />[DRAFT] <br /> <br />The Developer must deliver to the a le~er cf credffCity; prior to <br />issuance of any required City. permits, a Letter of Credit, or alternative security. <br />authorized under Section 12.4, for 125% of the CitT~'s reasonable <br />estimate of the cost of performing each portion of Phase t of the Grading and <br />Storm Water Phasing Plan. <br /> <br />The ~ ....~ .... ' <br /> <br />deemed to have ......... this ~ndit <br /> <br /> <br />