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INITY 0V MMI -y <br />... lip, J,MJ�Lk <br />I-I!TIl()PT7TN(- Till' ill' ' I)Iit"1'1()N (JI, <br />OF CREVIT rUR DEVF-jA)PMHNJI AGRENM-NT No. <br />WUREAS, the URVV1UP"L (jAKwjltwu0d puv4plopmans- Co�.Apany) of <br />White Oak matater Third Addit-ibn -:111bMitiLI: a lotter of Credit as <br />raquired by Dev"I-OPMOF)t A44reamiLmr- No. 7b-2 for th0 dEWIR101--1110fit Of <br />tile White Oak Ustates T11ird Additibil 1-AfOPti-i7tiGH, and <br />WHEREAS, the Prvel,7pu,� hitti d--veloped all but two of thd <br />eighteen lots platted; and <br />WH,EREAS, the L)e,te-loper has requer-ted tho rolenria of thQ <br />letter of araditt and <br />4 <br />WHERM, !.�AS 8 Aild 9, nuck i, of White oak Extate" 141hird <br />Adt4ition are not developedl and <br />Wgepy", total completion and approval of the d*VVIOPM#nt <br />before the City can r oloame the total letter of creditt <br />NOW THDRUORE BE IT R-59OLVED that the My council of the <br />ife VAAW autwrizo thim reduction Of ths letter of <br />- <br />A <br />-D-- <br />--GrAALt1 for DavelopMnt Aqr*m*nt NO, 76-2 frca Obt 50JI00 tu wiv <br />—#g—A-VrURMj 7MUMM that* tht, -CftY -COUMLI Of th 01-4it'"fl, 7-, <br />in the AMUrl t Of <br />-1- <br />IAO _jette., ut arndit <br />7 <br />ti -am are ad, <br />A <br />A <br />4 <br />--AA #d thin-AMH # <br />77 - <br />F7— <br />S-5 <br />i-AdIff Al <br />A <br />41A <br />C1 strator <br />4 <br />