Laserfiche WebLink
rr DEFERMENT <br />nent project knov\'n as Stubbs Bay <br />Its have been levied against the <br />'lo. 1093, Resolution No. 1779, <br />Resolution No. 4288, Resolution <br />stablished a policy and procedure <br />)r older who have limited income <br />d constitute a financial hardship; <br />>r deferment of the above noted <br />rs, 1093,1779,2864,3175,3894, <br />I by the City Council on July 26, <br />ity Council of the City of Orono <br />)nsistent with the provisions of <br />he levied special assessments as <br />The remainder of the principal and interest shall thereafier be payable in accordance with the adopted <br />assessment roll. <br />This right of deferment is automatically terminated in collection year 2008 or upon the <br />occurrence of any one or more of the following conditions, whichever may occur first: <br />1. The owner dies and the spouse is not otherwise eligible. <br />2. The property or any part thereof is sold, transferred, or subdivided; <br />3. The property should lose its homestead status; or <br />4. If for any reason the City determines that there would He no hardship to require <br />immediate or partial payment. <br />Adopted by the City Council of the City of Orono, Minnesota on the 13* day of January, <br />ATTEST:Barbara A. Peterson, Mayor <br />Linda S. Vee, City Clerk <br />AMOUNT DEFERRED <br />$8,840.00 <br />period of time not to exceed five <br />Election year 2008. <br />e deferred assessment. Deferred <br />lent due in collection year 2008. <br />If the applicant wshes to reapply at the end of this five (5) year deferment, the applicant must <br />reapply to the City of Orono for deferment of special assessments in October, 2007, to keep the <br />assessment from being included with the real estate tax due and payable in 2008. <br />Date <br />.'■-V