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1 <br /> � A <br /> V� <br /> � <br /> /� O� <br /> � O O <br /> ��e. � CITY of ORONO <br /> � ' -ti � <br /> �� � G'� RESOLUTION OF THE CITY COUNCIL <br /> ��kESH�4L�' NO. L� L� ��_ � <br /> A RE UTION 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 defened 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) and Resolution No. 4288 (dated May 10, <br /> 1999). � <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 $35,150 - <br /> � 2 Person $40,150 ' <br /> 3 Person $45,200 <br /> 4 Person $50,200 <br /> 5 Person $54,200 <br /> 6 Person , $58,250 <br /> 7 Person $62,250 <br /> • 8 Person $66,250 <br /> Page 1 of 2 <br />