01-12-1998 Council Packet - Laserfiche WebLink

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t A RESOLUTION APPROVING A REAPPLICATION OF SPECIAL ASSESSMENT DEFERMENT FOR ROSE MADDEN WHEREAS, the City Council has ordered a local improvement project known as Stubbs B^y 1992 Sanitary Sewer Improvement for which special assessments have been levied against the benefitted properties; and WHEREAS, the City Council has adopted Resolutions No. 1093, Resolution No. 1779, Resolution No. 2864, Resolution No. 3175, and Resolution No. 3894 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, Rose Madden has made reapplication for deferment of the above noted special assessment pursuant to the provisions of Resolution Numbers 1093,1779,2864,3175 and 3894, the original deferment was approved by the City Council on December 14, 1992. 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 3894, and hereby orders deferral of the payment for the levied special assessments as follows: APPLICANT: ADDRESS: Rose Mary Madden 350 Crestview Avenue LEVY NO. PROPERTY I D. NUMBER LEVIED AMOUNT AMOUNT DEFERRED 12544 05-117-23-14-0057 $8,840.00 $8,840.00 Deferral of payment for principal and interest shall be for a period of time not to exceed five (5) years with the first payment of principal and interest due in collection year 2002. 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 tirst payment due in collection year 2002. The remainder of the principal and interest shall thereafter be payable in accordance with the adopted assessment roll. I. i f