The rights reserved to the city with respect to the letter of credit are in addition to all other rights of the city whether reserved by the franchise agreement, the ordinance codified in this title or authorized by law, and no action or proceeding against a letter of credit shall affect any other rights the city may have provided that if the city elects to assess liquidated damages against the franchisee, such liquidated damages shall constitute the exclusive monetary remedy available to the city; and the city shall be entitled to no other monetary damages with the exception of claims sounding in fraud or tort. (Ord. 205 § 3, 2001)