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MINUTES <br />CITY COUNCIL <br />OCTOBER 23, 200'7 <br />RESOLUTION NO. 2007-IO-264 -ADOPTING THE ASSESSMENT <br />ROLL FOR UNPAID DEVELOPMENT COSTS FROM THE <br />PRESERVE AS AGREED TO IN THE SETTLEMENT AGREEMENT <br />BETWEEN THE CITYAND DAYSPRING DEVELOPMENT <br />The foregoing resolution was duly seconded by Allan. <br />Ayes (4). <br />Nays (0). Resolution declared adopted. <br />Ms. Allan introduced the following resolution and moved its adoption: <br />RESOL UTION NO. 2007-10-265 -DEFERRING THE ASSESSMENT <br />FOR UNPAID DEVELOPMENT COSTS FROM THE PRESERVE AT <br />AN INTEREST RATE OF 6%, WITH ASSESSMENTS TO BE <br />COLLECTED AT THE TIME OF SALE OF EACH LOT <br />The foregoing resolution was duly seconded by McGraw. <br />Ayes (4). <br />Nays (0). Resolution declared adopted. <br />ADJOURN Mr. McGraw introduced the following resolution and moved its adoption: <br />RESOL UTION NO. 2007-10-266 -ADJOURNING <br />The foregoing resolution was duly seconded by Blesener. <br />Ayes (4). <br />Nays (0). Resolution declared adopted. <br />There being no further business, the meeting was adjourned at 7:50 p.m. <br />i liam Ble•' er, Mayor <br />Attest: ~~ . ~ ~L_ <br />~ el Manson, City Administrator <br />