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I <br />I <br />I <br />I <br /> <br /> I <br />I <br />I <br />I <br />I <br />! <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />6) That the Developer shall deposit with the City a sashier's check, <br />irrevocable letter of credit, performance bond or other suitable security <br />in the amount of 150% of the cost of completing all the site improvements: <br />said security shall be $1,500.00 <br /> <br />7) That the Developer shall notify the City 72 hours in advance of the <br />date of his requested final inspection for release of this financial <br />guarantees. <br /> <br />8) That the Developer understands and agrees that failure to complete <br />the site improvements prior to July 31, 1982 shall result in forfeiture <br />of financial guarantees provided the City of Ramsey. <br /> <br />Dated this <br /> <br />day of December 1981. <br /> <br />DEVELOPER: <br /> <br />Douglas A. Jensen <br /> <br />CITY: <br /> <br />City of Ramsey <br /> <br />by <br /> <br /> Its <br /> <br />by <br /> <br />Its Mayor, Thomas G. Gamec <br /> <br />ATTEST: <br /> <br />by <br /> <br />Its City Administrator, Lloyd G. Schnelle <br /> <br /> <br />