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r <br />HOWr THBRBFORB, BB IT RBSOLVBD BY THB CITY COUHCIL OP <br />THE CITY OP ORONO IN A REGULAR MEETING ASSBMBLEDr that the <br />assessments against any homestead property owned by a person 65 <br />years of age or older and for whom it would be a hardship to make <br />the payments, be deferred for a period of time not to exceed five <br />years subject to the aforementioned financial criteria, upon <br />submission of an appropriate application signed by the qualified <br />person, and which may upon expiration of initial or any <br />subsequent renewal deferments may be reapplied for, and subject <br />to the applicant meeting all the necessary criteria upon <br />reapplication be deferred for an additional period not to exceed <br />5 years; and <br />BE IT FURTHER RBSOLVBD, that the right of deferment is <br />automatically terminated under Section 435.195 if: <br />1. The owner dies and the spouse is not otherwise <br />eligible; <br />2. The property or any part thereof is sold, transferred <br />or subdivided; <br />3. The property should lose its homestead status; or <br />4. If for any reason the City determines that there would <br />be no hardship to require immediate or partial payment. <br />Adopted by the City Council the the City of Orono, Minnesota at a <br />regular meeting held August 27, 1990. <br />James R. Grabek, Mayor <br />ATTEST; <br />Dorothy M. Hallin, City Clerk