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• In theory, the City could require the investment owners to post financial security similar to that <br />required by the developer. This may prove unpractical because it could require litigation to <br />achieve this result. <br />• Developer granted City the right (or the 'option ") to enforce development agreement against <br />the investment buyers. <br />• The developer has no history of Code violations or violations of the development agreement. <br />KBG <br />M <br />