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t�1 � . <br /> A <br /> � O� <br /> � O , O <br /> �. � cITY o� oRoNo <br /> � ,:.;.. � <br /> , ti � <br /> ti <br /> RESOLUTION OF THE CITY COUNCIL <br /> ��`9kESIi�g'�G � NO. � $ �i � . <br /> A RESOLUTION AMENDING THE PROGRAM FOR DEFERMENT OF SPECIAL <br /> ASSESSMENTS FOR PERSONS 65 YEARS OF AGE OR OLDER <br /> W�iEREAS,the City Council of the City of Orono is the official governing body of the City <br /> of Orono; and <br /> WHEREAS,Minnesota State Statute Section 435.193 through Section 425.195 authorizes <br /> the City of Orono,upon proper application,to defer the payment of special assessments against any <br /> homestead property owned by a person 65 yeazs of age or older on January 1 of the payment yeaz and <br /> for whom it would be a hardship to make the payments; and <br /> WHEREAS, Section 425.194 authorizes the municipality to establish an interest rate to be <br /> added to the deferred assessment which shall be payable in addition to the defened assessment;and <br /> � that Orono had adopted such a program under Ordinance 2.62 (1984 recodified), Resolution 1093 <br /> • (dated November 13, 1979),Resolution 1779(dated June 10, 1985),Resolution 2864(dated August <br /> 27, 1990),Resolution No.3894(dated Apri128, 1997),Resolution No,4288(dated May 10, 1999), <br /> Resolution No. 4667 (dated May 8, 2000) and Resolution No. 4716�(dated October 22,2001). <br /> . WHEREAS, the City Council has determined that the defenal of assessments should be <br /> granted to any person otherwise qualified who makes proper application to the City of Orono on <br /> forms prescribed by the County Assessor of Hennepin County and by the Orono City Council and <br /> for whom the City Council determines that it would be a hazdship to make the payments,based upon <br /> the following criteria: <br /> NUMBER OF PERSONS MAXIMUM INCOME <br /> IN HOUSEHOLD � � � . <br /> 1 Person $38,100 <br /> _ 2 Person � $43,500 � <br /> 3 Person $48,9�0 <br /> 4 Person � $54,400 <br /> . 5 Person $58,750 <br /> 6 Person $63,100 <br /> � 7 Person $67,450 <br /> 8 Person $71,800 <br /> Page 1 of 2 � <br />