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3. Adopt the ordinance and require that it apply to only certain <br />builders. <br />4. A combination of 2 and 3. A <br />FINANCIAL IMPACT <br />There will be no financial impact to the City, however, the costs to G <br />the builder can be expected to be passed on to future homebuyers. <br />The security deposit will be $350 per unit and the City will keep 301,1/0 <br />as administrative costs. <br />ENVIRONMENTAL IMPACT <br />None. <br />RECOMMENDATION <br />Staff recommends the Council adopt the attached ordinance and <br />declare its adoption to be an urgent matter requiring immediate im- <br />plementation. <br />I <br />E6 <br />z <br />oil <br />