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itionsf whichever may occur first:he owner dies and the spouse is not otherwise <br />ligible <br />The property ^ hereof <br />ransferred, or subdivided, <br />:he property should lose its homestead status; or <br />easann the Citv determines that there <br />;Lw'be",fo h«dsh"ip to require ionedl.te or partial <br />)aymente <br />„ed by the City Council of the City of <br />on the 22nd day of January, 1990. <br />James R. GrabeK, Mayor <br />iallin. City cieTK: <br />nt wishes to reapply at the city of Orono <br />the applicant must 1994, to keep the <br />^rnVMV “'wTt‘h t\"e°'retr'e.tate ta. due and <br />Basil M. Young <br />A RESOLUTION APPROVING A REAPPLICATION OF SPECIAL ASSESSMENTDEFERMENT FOR HENRY M. SKARPWHEREAS, the City Council has ordered a local improvement project known as LS1980-1 Sanitary Sewer for which special assessments have been levied against the benefited properties; andWHEREAS, the City Council has adopted Resolution Numbers <br />1093 and 1779 establishing a policy and procedure for deferring <br />such special assessments for persons 65 years of age or older who <br />have limited income and assets and for whom payment of such <br />special assessment would constitute a financial hardship; and <br />WHEREAS, Henry M. Skarp has made reapplication for <br />deferment of the above noted special assessment pursuant to the <br />provisions of Resolution Numbers 1093 and 1779, the original <br />deferment was approved by the City Council January 12, 1981 with <br />a subsequent deferment approved by the City Council on February <br />24, 1986. <br />NOW, THEREFORE, BE IT RESOLVED, that the City Council of <br />the City of Orono hereby finds that the applicant has <br />demonstrated a hardship consistent with the provisions of <br />Resolution No. 1093 and 1779, and hereby orders deferral of the <br />payment for the levied special assessment as follows: <br />APPLICANT: Henry M. Skarp <br />ADDRESS: <br />LEVY NO. P.I.N.S. <br />1045 West Ferndale Road <br />LEVIED AMOUNT AMOUNT DEFERRED <br />7990 02-117-23 43 0024 $8,831.40 $8,831.40 <br />Deferral of payments for principal and interest shall be <br />for a period of time not to exceed five (5) rs with the first <br />payment of principal and interest due in co ^on year 1995. <br />Interest at the rate of 9 1/2% annu >hall be added to <br />the deferred assessment. Deferred principal and interest shall <br />be payable at the time of the first payment due in collection <br />year 1995. The remainder of the principal and interest shall <br />thereafter be payable in accordance with the adopted assessment <br />roll.