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_ .� �V O�? 7 � r O O � ��b. - CITY of ORONO � � �� G'�' RESOLUTION OF THE CITY COUNCII � L�kESH�� , NO. e3 � � � A RESOLUTION APPROVING A SPECIAL ASSESSMENT DEFERMENT FOR CHARLES EDWARD TRUMAN WHEREAS, The City Council has ordered a local unprovement project known as North Long Lake/Long Lake Country Club Addition Sanitary Sewer Project for which special assessments have been levied against the benefitted properties; and WHEREAS,the City Council has adopted Resolution No. 3 894 establishing a policy and procedure for deferring such special assessments for persons 65 years of age or older who have limited income and assets and for whom payment of such special assessment would constitute a. financial hardship; and • . WHEREAS,Charles Edward Truman has made an application for deferment of the above noted special assessment pursuant to the provisions of Resolution 3894. NOW, THEREFORE,BE IT RESOLVED, that the City Council of the City of Orono hereby finds that the applicant has demonstrated a hardship consistent with the provisions of Resolution No. 3894, and hereby orders deferral of the payment for the levied special assessments as follows: � APPLICANT: Charles Edward Truman ADDRESS: 1570 Long Lake Boulevard LEVY NO. PROPERTY I.D.NUMBER LEVIED AMOUNT AMOUNTDEFERRED = 26-118-23 33 0008 $ 13,950.00 $ 13,950.00 Deferral of payment for principal and interest shall be for a period of time not to exceed five __ (5)years with the first payment of principal and interest due in collection year 2003. � Interest at the rate of 6.25%per annum shall be added to the deferred assessment. Deferred principal and interest shall be payable at the time of the first payment due in collections year 2003. The remainder of the principal and interest shall thereafter be payable in accordance with the adopted • assessment roll.