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r <br />as asubject to collection of all past due special assess.Tients <br />part of said purchase price. Any past due special assessments <br />not collected on sale shall be subject to reassessment or, at the <br />option of the Council, the entire outstanding special assessment <br />amount including interest shall be due in cash at the time a <br />building permit is issued for the property. <br />b) Retention of any tax forfeit property ior City use, which <br />property has unpaid special assessments du>i, shall have the total <br />outstanding special assessment amount charged, against the City <br />department or operating fund for which said land was obtained. <br />11. Deferred Assessments. <br />a) Low-income senior citizens will be eligible to have payment of <br />any special assessment deferred for a period of five (5) years in <br />accordance with the terms of Resolution #1393. <br />b) At the time any assessment roll is adopted, the Council may elect <br />to defer collection of any special assesrment or portion thereof <br />that would otherwise have been charged to property in the <br />oro-ject. Such deferrals when made shall be uniformly applied to <br />all properties in the same class (example: vacant properties <br />assessed for trunk sewer when no lateral sewer is available) . <br />Collection of deferred assessments shall be determineo oy tne <br />Council at the time the roll is adopted, in one of the following <br />ways: <br />1) Deferral for a specified number of <br />thereafter with property taxes in the normal fashion, or <br />2) Collection in cash as a connection charge at the time of <br />issuance of any building pernit; oi <br />3) Collectic 1 in cash at the time of aoprova^l of any subdivision or <br />planned uni. development fon the prope.-^y. <br />12. Repayment Period. The number ^..gg^ssed <br />assessment is spread shall be uniferm for al- ^ ^ - -i*" -4. <br />under any one levy, and shall be determined '=>'/'I® ‘ \ ®3 <br />individual assessments and/or the duration o.. the bond issie. <br />a) Average principal amounts of $130 or less <br />normally be assessed for collection in one installment. <br />b) Average principal amounts of $500 pt^ normally <br />assessed for collection in 3 to 5 insta* m <br />c) Typical principal amounts o^^^^ <br />shall normally be assessed for _ <br />installments depending upon the bond iss <br />d) Assessments levied specitically for f®"|^iect""to "ansubdivision or private development shall be subject to an