01-13-2003 Council Packet - Laserfiche WebLink

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6 A RESOLUTION APPROVING A REAPPLICATION OF SPECIAL ASSESSMENT DEFERMENT FOR PATTY LOU CLAPP WHEREASt the City Council has ordered a local improvement project known as Stubbs Bay 1992 Sanitary Sewer Improvement for which special assessments have been levied against the benefitted properties; and WHEREAS, the City Council has adopted Resolution No. 1093, Resolution No. 1779, Resolution No. 2864, Resolution No. 3175, Resolution No. 3894, Resolution No. 4288, Resolution No. 4667, Resolution No. 4716 and Resolution No. 4863 which established a policy and procedure for deferring such special assessments for persons 65 years of age or older who have limited income and assets and for whom payment of such special assessment would constitute a financial hardship; and WHEREAS, Patty Leu Clapp has made reapplication for deferment of the above noted special assessment pursuant to the provisions of Resolution Numbers, 1093,1779,2864,3175,3894, 4288,4667,4716 and 4863; the original deferment was approved by the Citv Council on July 26, 1993. NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Orono hereby finds that the applicant has demonstrated a hardship consistent with the provisions of Resolution 4863, and hereby orders deferral of the payment for the levied special assessments as follows; APPLICANT: ADDRESS: Patty Lou Clapp 290 Crestview Avenue LEVY NO. PROPERTY I D. NUMBER LEVIED AMOUNT 12554 05-117-23 14 0018 $8,840.00 AMOUNT DEFFJtRFD $8,840.00 Deferral of payment for principal and interest shall be for a period of time not to e.xceed five (5) years with the first payment of principal and interest due in collection year 2008. Interest at the rate of 6.5% per annum shall be added to the deferred assessment. Deferred principal and interest shall be payable at the time of the first payment due in collection year 2008. Page 1 of 2 •I