HomeMy WebLinkAboutResolution 1240 I �
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� - -� ��� Cit of ORONO
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� F THE CITY COUNCIL
`Y. RESOLUTION O
� NO. 1240
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A RESOLUTION APPROVING A SPECIAL ASSESSMENT
DEFERMENT FOR BASIL M. YOUNG
6dHEREAS, the City Council has ordered a local improvement
project known as LS1980-1 Sanitary Sewer for which special assessments
have been levied against the benefited properties; and
WHEREAS, the City Council has adopted Resolution No. 1093
establishing a policy and procedure for deferring such special assessments
for persons 65 years of age or older who have limited income and assets
arid for whom payment of such special assessment would constitute a
financial hardship; and
WHEREAS, Basil M. Young has made an application for deferment
of the above noted special assessment pursuant to tl�e provisions of
Resolution No. 1093,
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. 1093, and hereby orders
deferral of the payment for the levied special assessments as follows:
APPLICANT: Basil M. Young
ADDRESS: 1225 Dickenson Street
LEVY NO. PINS LEVIED AMOUNT AMOUNT DEFERRED
7989 02-117-23 31 0048 $6, 700 . 00 $6, 700 . 00
Deferral of payments for principal and interest shall be for
a period of time no to exceed five (5) years with the first payment of
principal and interest due in collection year 1986 .
' Interest at the rate of 9zo annum shall be added to the
deferred assessment. Deferred principal and interest shall be payable
at the time of the first payment due in collection year 1986 . The
remainder of the principal and interest shall thereafter be payable in
accordance with the adopted assessment roll.
This right of deferment is automatically terminated in
collection year 1986 or upon the occurrence of any one or more of the
following conditions, whichever may occur first:
• l . The owner dies and the spouse is not otherwise '
eligible.
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cit� o� oR,oNo
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� RESOLUTION OF THE CITY COUNCIL
� � NO. 1240
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2 . The property or any part thereof is sold, transferred,
or subdivided;
3 . The property should lose its homestead status; or
4 . If for any reason the City determines that there
would be no hardship to require immediate or partial
I payment. �
Adopted by the City Council of the City of Orono, Minnesota
on the 12 day of January , 1981.
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William B. Van Nest, May r
ATTEST:
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Walter . Benson, City Administrator
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