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MINUTES <br />CITY COUNCIL <br />OCTOBER 22, 2014 <br />Schletty Drive, has submitted a request for deferral of the assessment for <br />the developable portion of the property. It was noted that interest in the <br />amount of 4.5% will accrue on the deferred portion of the assessment. <br />Blesener introduced the following resolution and moved its adoption: <br />RESOLUTION NO. 2014-10-206 — APPROVING THE <br />DEVELOPMENT DEFERRAL FOR 540 SCHLETTY DRIVE AS <br />REQUESTED BY DAVID CURRENT, DEFERRING THE STREET <br />AND WATERMAIN PORTION OF THE ASSESSMENT FOR A <br />DEVELOPABLE LOT IN THE AMOUNT OF $11,860.80 WITH IT <br />NOTED THAT INTEREST IN THE AMOUNT OF 4.5% WILL <br />ACCRUE ON THE DEFERRED ASSESSMENT AS LONG AS IT <br />REMAINS DEFERRED <br />The foregoing resolution was duly seconded by McGraw. <br />Ayes (5). <br />Nays (0). Resolution declared adopted. <br />ADJOURN There being no further business, the meeting was adjourned at 6:44 p.m. <br />Attest: <br />sener, Mayor <br />nson, City Administrator <br />3 <br />