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EXHIBIT D5 SECURITY CALCULATION (Continued) In addition to the: Security Amount for Developer Improvements set forth above, the DEVELOPER shal I also deposit $51,000 in cash. with the CITY (hereafter "Engineering Security Amount") contemporaneously with execution of this DEVELOPMENT CONTRACT. This. Engineering Security Amount shall be used to pay the CITY for engineering inspection fees at the CITY's standard. rates charged for such tasks, subject. to DEVELOPER confirmation of such tasks. Subject to the. following paragraph, upon satisfactory completion of the DEVELOPER IMPROVEMENTS, the CITY shall return to the DEVELOPER any remaining portion of the. Engineering Security Amount not otherwise charged the DEVELOPER for engineering inspection. perf'orm.ed by the. CITY. Ten. percent (1Q%a) of this Engineering Security Amount shall be retained by the CITY (hereafter referred to as Escrow Retainage) and this Escrow Retainage shall. be available to the .CITY to pay for deficiencies and. problems related to grading, .drainage, and erosion control, tree preservation, and landscaping on the lots in the PLAT in the event such problems and deficiencies ariseafter the CITY has accepted. the DEVELOPER IMPROVEMENTS, The CITY may use the Escrow Retainage to correct any such deficiencies or problems or to protect against further deficiencies or. problems if all. the :following circumstances exist: a.) Deficiencies or problems have arisen. with respect to grading, drainage,. and erosion control, tree preservation, or landscaping;. and. b.) The `CITY has previously.accepted the DEVELOPER IMPROVEMENTS; and c.) The. Lette.r of Credit. for the DEVELOPER,IMPROVEMENTS .has expired or -the Letter of Credit for the DEVELOPER IMPROVEMENTS has been reduced to ten percent (10%) or less of its.original amount. The .CITY shall return to the DEVELOPER any remaining Escrow Retainage when ail. the following events have occurred: a.) all of the lawn or vegetative cover has been .established, to the. sale satisfaction of the CITY, on each of the individual lots in the PLAT. To the extent the engineering inspection charges or the amount needed to correct the deficiencies and. problems relating to grading, drainage, erosion control, tree preservation, or landscaping exceed the initially deposited $5,000 Engineering Security Amount; the DEVELOPER is responsible for payment. of such excess within thirty (30) days after billing by the CITY.