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., <br /> .;; . . <br /> r J � . . <br /> I • <br /> . Y . Cit� of ORONO <br /> d . <br /> • :;; <br /> •: , ,��,; RESOWTION OFTHECITYCOUNCIL <br /> � x: � NO. 17 7 9 <br /> �:`, <br />_ � • � �... <br /> NOW,THEREFORE, B$ IT RESOLVID BY THE CITY COUNCIL OF THE <br /> CITY OF ORONO IN REGQGAR MEETING ASSEMBLED, that the assessments <br /> against any homestead property owned by a person 65 years of age <br /> or older and for whom it would be a hardship to make the <br /> � payments, be deferred for a period of time not to exceed five <br /> years subject to the aforementioned financial criteria, upon <br /> submission of an appropriate application signed by the qualified <br /> person, and which may upon expiration of initial or any <br /> subsequent renewal deferments maybe reapplied for, and subject to <br /> the applicant meeting all �the necessary criteria upon <br /> reapplication be deferred for an additional period not to exceed <br /> 5 years; and <br /> BE IT FURTH�R RESOLVED, that the right of deferment is <br /> • automatically terminated under Section 435.195 if: <br /> 1. The owner dies and the spouse is not otherwise <br /> eligible; <br /> 2. The property or �any part thereof is sold , <br /> transferred or subdivided; � <br /> 3 . The property should lose its homestead status; or <br />�� 4. If for any reason the City determines that there <br /> would be no hardship to require immediate or partial <br /> payment. <br /> Adopted by the City Council of the City of Orono, Minnesota at a � <br /> regular meeting held June 10, 1985. <br /> , - <br /> � � To Frahm, cting Mayor <br /> ATTE . � <br /> � <br /> • or thy M. llin, ity Clerk <br /> page 2 of 2 <br />