Title
Deferment Agreement for public wastewater and water improvements to the property located at the southside of State Highway 44, east of Heinsohn Road and west of North Padre Island Drive
Motion finding reasonable cause exists to delay completion of public improvements in accordance with Section 8.1.10.B of the Unified Development Code and authorizing the City Manager, or designee, to execute a deferment agreement with I5T Investments LLC ("Developer/Owner"), in the amount of $221,846.54 for public wastewater and water improvements to the property located at the Southside of State Highway 44 East of Heinsohn Road and West of North Padre Island Drive, contingent upon receipt of a letter of credit approved by the City prior to the filing of the final plat by the Developer.