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City shall have sole discretion to determine if the documentation is adequate and the amount of the Landscape Credit to which the Developer is entitled. The above Credits represent all Credits due the Developer against the Release Price. The Developer shall not be entitled to any credits for costs which do not appear on either Exhibits B or C. To secure payment of the Lot Release Price, the Developer shall grant the City a secured interest in each lot located in the plat. If the City, at its own discretion deems it necessary, the Developer shall executed a mortgage in favor of the City memorializing said security interest. 12. As financial security, Developer shall furnish the City with a Letter of Credit or other security in a City approved format in an amount equal to One Hundred and Twenty -Five Percent (125 %) of the estimated costs of installing the Required Improvements. Written estimates or executed contracts for installation of Required Improvements must be submitted to the City to document the costs of development. The Developer's Letter of Credit shall guarantee Developer's completion of all of the Required Improvements, compliance with this Agreement, and compliance with the terms and conditions of approval of the Gervais Woods Plat as delineated by City Resolution Number2013 -4 -64 and any City resolution associated with final plat approval granted on April 24, 2013. Said surety shall be immediately available for City's use to complete part or all of the construction in a timely and satisfactory manner, as determined in the sole discretion of City. Said surety shall remain in full force and effect until completion and acceptance of the Required Improvements based on the sole determination of City. The City may, at City's sole discretion, elect to treat the Developer's Equity Contribution as set forth on Exhibit B attached hereto as financial security in lieu of the Letter of Credit. As set forth above, the Developer is entitled to credit against Release Prices for the Equity Contribution set out on Exhibit B attached hereto. If at any time the balance of the Equity Contribution is less than