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� .- <br /> , . ..,. . <br /> � O� ' <br /> O O <br /> � ��b. - C ITY�of ORONO <br /> � ' ti <br /> '�' RESOLUTION OF THE CITY COUNCIL <br /> ���kE Hpg'�G NO. � <br /> � S , <br /> Assets not including homesteaded property of$25,000, income and assets as defined in Hennepin <br /> County's Utility Connection Program. . � <br /> NOW,THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br /> OF ORONO IN A REGULAR MEETING ASSEMBLED, that the assessments against any <br /> homestead property owned by a person 65 years of age or older and for whom it would be a hardship <br /> to make the payments, be deferred for a period of time not to exceed five years subject to the <br /> aforementioned financial criteria, upon submission of an appropriate application signed by the <br /> qualified person, and which may upon expiration of initial or any subsequent renewal deferments <br /> may be reapplied for, and subject to the applicant meeting all the necessary criteria upon <br /> � reapplication be deferred for an additional period not to exceed 5 years; and <br /> • BE IT FURTHER RESOLVED, that the right of deferment is automatically terminated <br /> under Section 435.195 if: <br /> 1. The owner dies and the spouse is not otherwise eligible; <br /> 2. The property or any part thereof is sold,transferred or subdivided; <br /> 3. The property should lose its homestead status; or � <br /> 4. If for any reason the City determines that there would be no hardship to require <br /> immediate or partial payment. <br /> Adopted by the City Council of the City of Orono,Minnesota at a regular meeting held April � <br /> 28, 1997. <br /> � ATTEST: � � Gabriel J bour, Mayor . <br /> _ �� / _ . <br /> � � <br /> Dorothy . Ha in, City Clerk <br /> 2 <br />