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2 <br /> <br />Outlot A 11.88 $213,854.66 <br />Total 14.16 $254,897.48 <br /> <br /> <br />The assessments for Lots 1-3, Block 1, Clearwater Commons will be paid, in full, as part of the <br />Development Contract for the property. The property owner has requested that the <br />remaining $213,854.48, allocated to Outlot A, Clearwater Commons be placed on the tax roles, <br />payable over a term of 10 years at an interest rate of 5% (this is the rate currently applicable to <br />these assessments). <br /> <br />RECOMMENDATION <br /> <br />Staff is recommending approval of Resolution No. 25-152, Authorize Termination of <br />Assessment Deferral on PIN #24-31-22-21-0003, Outlot A ALINO Addition. <br /> <br />ATTACHMENTS <br /> <br />1. Resolution No. 25-152 <br /> <br />Page 26 of 166