If the city council finds, upon recommendation by the city engineer or the public works superintendent, that construction of curbs, sidewalks or gutters would be better done at the time when similar improvements on adjacent property are being made or that installation of an isolated segment might have a detrimental effect on existing storm water drainage systems in the area, the city council may require the property owner to enter into a deferral agreement which requires the property owner or the property owner's successor in interest to make the required improvements at a later time as may be directed by the city. The deferral agreement shall be recorded and constitute a continuing obligation running with the land. (Ord. 1-01 § 3, 2001)