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3. If the applicant does not `.all within <br />one of the above criteria, the City Council shall, <br />in its discretion, determine hardship based upon <br />the applicant's income, assets and expenses. <br />1101.1, TREREFORC, BE IT RESOLVED BY TUE: CITY MICICIL Or <br />mr. cl^Y or onouo III REGULAR f1EETIRG ASSEMBLED, that assessments <br />against any homestead pioperty owed by a person 65 years of aqe <br />or older and for whom it would W a hardship to make the payments, <br />be deferred for a period of time not to exceed ^iyo years, subject <br />to the aforementioned financial criteria, upon sulimission of an <br />appropriate application signrd by the qualified person; and <br />$19 IT /URTAIR RESOLVED, that interest at the rite for <br />that particular assessment shall be added to the deferred assess- <br />V and shall be payable In aorordanee with the term and pro - <br />MG of /a.S.A, faction 439.19B3 and <br />BE IT FU ITIICR CCSUL17-1, that tl-o -.ant of deferment is <br />automatically terminated under Section 435.:•i5 ift <br />1. The owner dias and the spouse is not <br />otherwise eligible, <br />I. The property or any part thereof 1s <br />wild, transferred or auodivided; <br />3. The property should lose its homestead <br />statuat or <br />9. It for any reason the City determines <br />that there would be no hardship o require <br />1 immediate or partial payment. <br />Adopted by the City Council of the City of Orono, Minnesota at F <br />regular "sting held Boweeber 13, 1979. / <br />/i <br />i <br />am en lea , Mal <br />Attastt��` <br />ualter Benson, City A.Ininistre<nr <br />