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A RESOLUTION APPROVING A SPECIAL ASSESSMENT <br />DEFERMENT FOR ARDIS JOAN SEVERTSON <br />WHEREAS, The City Council has ordered a local improvement project known as North <br />Long Lake/Long Lake Country Club Addition Sanitary Sewer Project for which special assessments <br />have been levied against the benefitted properties; and <br />WHEREAS, the City Council has adopted Resolution No. 3894 establishing a policy and <br />procedure for deferring such special assessments for persons 65 years of age or older who have <br />limited income and assets and for whom payment of such special assessment would constitute a <br />fmancial hardship; and <br />WHEREAS, Ardis Joan Severtson has made an application for deferment of the above noted <br />special assessment pursuant to the provisions of Resolution 3894. <br />NOW, THEREFORE, BE IT RESOLVED, that the City council of the City of Orono <br />hereby finds that the applicant has demonstrated a hardship consistent with the provisions of <br />Resolution No. 3894, and hereby orders deferral of the payment for the levied special assessments <br />as follows: <br />APPLICANT: <br />ADDRESS: <br />Ardis Joan Severtson <br />1586 Long Lake Boulevard <br />LE.Y.Y NO. PROPERTY I D. NIJMRFR <br />26-118-23 33 0030 <br />LEVIED AMOUNT AMOIJNT nFFFRRFH <br />$ 13,950.00 $ 13,950.00 <br />Deferral of payment for principal and interest shall be for a period of time not to exceed five <br />(5) year with the first payment of principal and interest due in collection year 2003. <br />Interest at the rate of 6.25% per annum shall be added to the deferred assessment. Deferred <br />principal ^d interest shall be payable at the time of the first payment due in collections year 2003. <br />The remainder of the principal and interest shall thereafter be payable in accordance with the adopted <br />assessment roll. <br />?