02-10-1986 Council Packet - Laserfiche WebLink

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.I.. RESOLUTION t1093 A RESOLUTION RELATING TO OErcHortiT OP SPCCIAL ASSESSIMMS FOR PERSONS 65 yf:ARS Or AGE OR OLOCR WHEREAS, the City Council of the City of Orono is the official governing body of the City of Orono; and WHEREAS, H.S.A. Section 015.193 through Section 915.1"5 authorizes the City of Orono, upon proper application, to defer the payment of special assessnents against a-ny homestead property owned by a person 65 years of age or older on January 1 of the payment year and for whom it would be a hardahip to make the pay- ments[ and HNEHEAS, Section 435.196 authorize$ the municipality to establish an interest rate to be added to the deferred assessment which *hall bm payable in addition to the deferred assessment[ and IOIEREAie the City Council has determined that the do - ferret of assessments should hr granted to any person othe-wise qualified who makes proper application to the City of Orono c torms prescribed by the County Assessor of Hennepin County and by the Orono City Council and for whom the City Council determines that it would be a hardship to make the payments, based upon the following criterlu 1. It is presented to be a hardship if the applicant is single and has a total annual gross income of $4,000 or leas and total assat., inel l- ing eon -homestead real property, of $15,000 or less. I. It is presumed to be a hardship if the applicant In married and together with his spouse, has a total annual gross Income of $12,000 or less and total assets, including non -homestead real pro - party, of $22,000 or Ism..