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Subdivision - Design Stan~ § 9.50.30 For non-City awarded Improvements, the owner or subdivider shall deposit with the City Finance Department a cash amount or letter of credit equal to 125% of the total cost of such improvements as estimated by the City Engineer, including the billable estimated expense of the City for engineering, legal, fiscal, administrative and other expenses connection with Improvements. On project progresses, estimate the amount of and recommend to the amount of funds to be subdivider. Incurred by the City in the making of such a monthly basis as the the City Engineer shall work completed City council the released to the e. There shall be an escrow agreement which shall provide that in the event the required Improvements are not completed within one year, all amounts held under the escrow agreement shall be automatically turned over and delivered to the City and applied by the City to the cost of completing the required improvements. If the funds available within said escrow are not sufficient to complete the required improvements, the necessary additional cost to the City shall be assessed against the subdivision. Any balance remaining in the escrow fund after such improvements have been made and ali expenses therefore have been paid shall be returned to the subdivider. In Instances where a letter of credit is used in lieu of a cash escrow, said letter of credit shall be in a form satisfactory to the City and the terms thereof shall substantially comply with the procedure as set forth for a cash escrow fund. Final Escrow Requirements For Stage I Improvements. The minimum escrow requirements described above are subject to increase based on the developer's financial status in relation to the