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COONCIL OP THB he assessments 5 yeacs of age ) to make the :o exceed five <br />riteria, upon <br />the qualified <br />itial oc any <br />and subject to <br />riteria upon <br />not to exceed <br />deferment is <br />lot otherwise <br />of is sold. <br />status; or <br />is that there <br />ite or partial <br />linnesota at a <br />A RESOLOTION OP^PECIAL ASSESSMENTspecial assessments have been levied against the benefite <br />properties; and <br />WHEREAS, the City Council has adopted Resolution Numbers <br />1093 an3 ”'f^tUblishln, a policy and procedure (or <br />such soc.-lal assessments (or persons 65 years o( age or older who <br />ha7e limited income and assets and (or whom t»y»ent o( such <br />special assessment would constitute a (inancial hardship, and <br />HBEREAS, Basil M. Young has made reapplication (or <br />de(erment o( the above noted special assessment pursuant to the <br />rrlvlsTons o£\esolution Numbers 1093 and 1779, ‘h* <br />f subseqten? dt(erment approved by the City Council on February <br />24, 1986. <br />NON. THEEEFC*-.. BE IT RESOLVED, that the City Council of <br />the City of Orono nereby finds that the applicant has <br />demonstrated a hardship consistent J <br />^solution NO. 1093 and 1779, and hereby orders deferral of the <br />payment for the levied special assessment as follows: <br />APPLICANT: Basil M. Young <br />ADDRESS: 1225 Dickenson Street <br />LEVY NO. P.I.N.S.LEVIED AMOUNT AMOUNT DEFERRED <br />7989 02-117-23 31 0048 $6,700.00 $6,700.00 <br />Deferral of payments for principal and <br />for a period of time not to exceed five (5) years <br />payment of principal and Interest due in collection year 1995. <br />interest at the rate of 9 1/2% annum shal 1 be added to <br />the deferred assessment. Deferred principal and <br />be oavable at the time of the first payment due in collection <br />year 1995. The remainder of the principal and <br />thereafter be payable in accordance with the adopted assessment <br />roll.