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City of ORONO <br />'t RESOLUTION OF THE CITY COUNCIL <br />t <br />-' • NO <br />A RESOLUTION APPROVING A SPECIAL ASSESSMENT <br />DEFERMENT FOR 14AYBELL N. KOHLS <br />WHEREAS, the City Council has ordered a local• <br />improvement project known as LS85-1 Crystal Bay Sanitary Sewer <br />for which special assessments have been levied against the <br />benefited properties; and <br />WHEREAS, the City Council has adopted Resolution Numbers <br />1093 and 1779 establishing a policy and procedure for deferr'..g <br />such special assessments for persons 65 years of age or older who <br />have limited income and assets and for whorl payment of such <br />special assessment would constitute a financial hardship; and <br />NOW, THEREFORE, BE IT RESOLVED, that the City Council of <br />the City of Orono, hereby finds that the applicant has <br />demonstrated a hardship consistent with the provisions of <br />Resolution Numbers 1093 and 1779, and hereby orders deferral of <br />the payment for the levied special assessments as follows: <br />LEVY NO. <br />10901 <br />APPLICANT: <br />ADDRESS: <br />P.I.N.S_ <br />Maybell N. Kohls <br />1224 Briar Street <br />LEVIED AMGUNT <br />10-117-23 31 0074 ,1,235.90 <br />APIOIIN'r DEFERRED <br />$9,235.00 <br />Deferral of payments for principal and interest shall be <br />for a period of time not to exceed five (5) years with the first <br />payment of principal and interest due in collection year 1999. <br />Interest at the rate of 9.20% annum shall be added to <br />the deferred assessment.. Deferred principal and interest shall <br />be payable at the time of the first payment due in collection <br />year 1990. The remainder of the principal and interest shall <br />thereafter be payable in accordance with the adopted assessment <br />roll. <br />