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At the Master Development Development stage is where the City makes a formal <br />commitment to the applicant. <br />3.Development Agreement/Financial Guarantee - Following the approval of the Master <br />J)evelopment Plan but prior to final plan approval, the applicant shall enter into an <br />agreement with the City relating to the terms of the CPUD development, and shall also <br />provide such financial guarantees as the City requires or deems necessary. <br />1