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Council Action= <br /> <br />Motion to authorize City Staff to exercise the City right on <br />the letter of credit by July 24, 1989 ~f ,the d~veloper fails <br />to complete the Stage I Improvements.DY~F~also directed <br />to call the $10,000 letter of credit if the developer fails <br />to extend the date for one year. <br /> <br />Review Checklist: <br /> <br />City Administrator x <br />City Attorney x <br />City Engineer x <br />Community Development Dir. x <br /> <br />Chief of Police <br />Finance Officer <br />Public Works Supt. <br />Other <br /> <br /> <br />