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1990.7 U-■) .tratorapplication from 80-1for renewal of Senior i their property. They:a Bluffs area of this <br />s under the income and <br />ale area of this sewer <br />r the income and asset <br />:rat <br />i _r that the Council <br />Lishing deferrals for <br />Ayes _, Nays _. <br />RESOUITlOtJ 11093A nCSOLUTIOM Rr.LATi:i(l TO DCFER.-iniT OF SPECIAL ASSESSItENTS FOR PERSONS 65 ''TARS OF AGE OR OLDERWHEREAS, the City Council of the City of Orono is theoificial oovorning body of the City of Orono; andHMCREAS. M.S.A, Section <35.193 through Section <35.195authorizes the City of Orono, upon proper application, to defer the payment of special assessments against any homestead property owned by a person 65 years of age or older on January 1 of the payment year and for whom it would be a hardship to make the pay-ments; and vniEPXAS, section 435.194 authorizes the municipality to establish an interest rate to be added to the deferred assessment which shall be payable in addition to the deferred assessment; <br />and <br />WHEREAS, the City Council has determir-d that the de­ <br />ferral of assessments should be granted to any person otherwise <br />qualified who makes proper application to the City of Orono on <br />forms prescribed by the County Assessor of Hennepin County and <br />by the Crc.no City Council and for whom the City Council determines <br />that it would be a hardship to make the payments, based upon the <br />following criteria: <br />It is presumed to be a hardship if the <br />applicant is single and has a total annual gross <br />income of $8,000 or less and total assets, includ­ <br />ing non-homestead real property, of $15,000 or less. <br />2. It is presumed to be a hardship if the <br />applicant is married and together with his spouse, <br />has a total annual gross income of $12,000 or less <br />and total assets, including non-homestead real pro- <br />perty# of $22,000 or less*