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82090.1 <br />A RBSOLOTION AMENDING THE PROGRAM FOR DEFERMENT OP SPECIAL <br />ASSESSMENTS FOR PERSONS 65 YEARS OF AGE OR OLDER <br />NHEREASr the City Council of the C.ty of Orono is the <br />official governing body of the City of Orono; Lnd <br />WHEREAS, M.S.A. Section 435.193 throuf.h Section 435.195 <br />authorizes the City of Orono, upon proper application, to defer <br />the payment of special assessments against ^ny homestead property <br />owned by a person 65 years of age or older on January 1 of the <br />payment year and for whom it would be a hardship to make the <br />payments; and <br />WHEREAS, Section 435.194 authorized the municipality to <br />establish an interest rate to be added to the deferred assessment <br />which shall be payable in addition to the deferred assessment; <br />and that Orono had adopted sucn a program under Ordinance 2.62 <br />(1984 recodified). Resolution 1093 (dated November 13, 1979) and <br />Resolution 1779 (dated June 10, 1985). <br />WHEREAS, the City Council has determined that the <br />deferral 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 by <br />the Orono 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 />Number of <br />Persons in Household <br />Maximum <br />Income <br />$15,750 <br />18,000 <br />20,250 <br />22,500 <br />24,300 <br />26,100 <br />27,900 <br />29,700 <br />Assets not including homesteaded property of $25,000, income and <br />assets as defined in Hennepin County's Utility Connection <br />Program.