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�s � <br /> i_._._ <br /> �� �� <br /> s o � � � � <br /> ��b_ � CITY of ORONO <br /> � � <br /> �� �,'�' RESOLUTION OF THE CITY COUNCIL <br /> ��`q�f'Egg� NO. � °� 1 �� <br /> � <br /> A RESOLUTION AMENDING THE PROGRAM FOR DEFERMENT OF SPECIAL <br /> ASSESSMENTS FOR PERSONS 65 YEARS OF AGE OR OLDER <br /> WHEREAS,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 years of age or older on January 1 of the payment year 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 deferred 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 /> and Resolution No. 4667 (dated May 8, 2000). <br /> WHEREAS, the City Council has determined that the deferral 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 hardship to make the payments,based upon <br /> the following criteria: <br /> NUMBER OF PERSONS MAXIMUM INCOME <br /> IN HOUSEHOLD <br /> 1 Person $36,750 <br /> 2 Person $42,000 <br /> 3 Person $47,250 <br /> 4 Person $52,500 <br /> 5 Person $56,700 <br /> 6 Person $60,900 <br /> 7,Person $65,100 <br /> • 8 Person $69,300 <br /> Page 1 of 2 <br />