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the Agreement until it receives assurances <br /> from Developers, deemed adequate by the City, <br /> that Developers will cure their default and <br /> continue their performance under the <br /> Agreement. <br /> 2 . The City may initiate such action, including <br /> legal or administrative action, as is <br /> necessary for the City to secure performance <br /> of any provision of this agreement or recover <br /> any amounts due under this Agreement from <br /> Developers, or immediately draw on the <br /> Letters of Credit, as set forth in this <br /> Agreement. <br /> IN WITNESS WHEREOF, the City and Developer have caused <br /> this Agreement to be duly executed on the day and year first above <br /> written. <br /> CITY OF HUGO <br /> By By <br /> Walter L. Stoltzman, Mayor Mary Ann Creager, Clerk <br /> Rev. 06/11/05 <br />