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u <br />f ' . <br />CITY of ORONO <br />RESOLUTION OF THE CITY COUNCIL <br />NO. ^g.0 4-------- <br />Assets not including homesteaded property of $25,000, income and assets as defined in Hennepin <br />County's Utility Connection Program. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF ORONO IN A REGULAR MEETING ASSEMBLED, that the assessments against any <br />homestead property owned by a person 65 years of age or older and for whom it would be a hardship <br />to make the payments, be deferred for a period of time not to exceed five years subject to the <br />aforementioned financial criteria, upon submission of an appropriate application signed by the <br />qualified person, and which may upon expiration of initial or any subsequent renewal deferments <br />may be reapplied for, and subject to the applicant meeting all the necessary criteria upon <br />reapplication be deferred for an additional period not to exceed 5 years; and <br />BE IT FURTHER RESOLVED, that the right of deferment is aut:;matically terminated <br />under Section 435.195 if: <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 be no hardship to require <br />immediate or partial payment. <br />Adopted by the City Council of the City of Orono, Minnesota at a regular meeting held April <br />28,1997. <br />ATTEST:Gabriel labour. Mayor \ <br />Dorothy j|iin, City Clerk <br />I