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City of ORONO <br />RESOLUTION f - -riE CITY COUNCIL <br />NO. <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 <br />official governing body of the City of Orono; and <br />WHEREAS, M.S.A. Section 435.193 through Section 435.195 <br />authorizes the City of Orono, upon proper application, to defer <br />the payment of special assessments against any 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 />WRRREAS, Section 435.194 authorized the municipality to <br />establish an interest rate to be added to the deferred assessment <br />which ■hell be payable in addition to the deferred assessment; <br />and that Orono had adopted such a program under Ordinance 2.62 <br />(1984 recodified) and Resclation 1993 (dated November 13, 1979) <br />and <br />WHEREAS, the Cite Council has determined that t' <br />deferral of assessments should be granted to any person otherwi,-. <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 hardshi, to make the payments, based upon the <br />following criteria: <br />Number of Maximum <br />Persons in Household Income <br />1 $11,590.00 <br />2 13,105.06 <br />3 14,7S6.00 <br />4 16,400.90 <br />5 17,790.09 <br />6 19,900.99 <br />7 20,350.00 <br />. 8 21,650.0E <br />Assets not includin � ,menteaded property of $25,096, income and <br />assets as defined in Hennepin County's Utility Connection <br />Program, <br />pvi.- <br />