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� - i <br /> ,� � <br /> � ��4..; '"g-►ti i <br /> I <br /> � � xt-� Clt o� ORONO � <br /> fi�:;�� �' � <br /> � rrw ; <br /> . ,' Q��-°- RESOWTION OF THE CITY COUNCIL � <br /> �r,� <br /> �� :'�� NO. 2864 <br /> • - • • <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COIINCIL OF � <br /> TH$ CITY OF ORONO IN A REGIILAR MEETING ASSEMBI,ED, that the e <br /> assessments against any homestead property owned by a person 65 �, <br /> years of age or older and for whom it would be a hardship to make �' <br /> the payments, be deferred for a period of time not to exceed five f� <br /> years subject to the aforementioned financial criteria, upon t� <br /> submission of an appropriate application signed by the qualified F <br /> person, and which may upon expiration of initial or any ` <br /> subsequent renewal deferments may be reapplied for, and subject � <br /> to the applicant meeting all the necessary criteria upon ' <br /> reapplication be deferred for an additional perioc3 not to exceed � <br /> 5 years; and - <br /> BE IT FIIRTH$R RESOLV$D, 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 /> h• <br /> � 2. The property or any part thereof is sold, transferred : <br /> or subdivided; <br /> 3. The property should lose its homestead status; or . <br /> 4. If for any reason the City determines that there would ` <br /> be no hardship to require immediate or partial payment. ��� <br /> � <br /> Adopted by the City Council the the City of Orono, Minnesota at a -� <br /> regular meeting held August 27, 1990. � <br /> � ;.. <br /> ;- <br /> Jam s R. Grabek, M�or !- <br /> ATT T: ' <br /> r �. <br /> _ , �;, <br /> f: <br /> 0 othy . allin, City Clerk �� <br /> �' <br /> . . <br />