HomeMy WebLinkAboutResolution 3984 _ .�
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�� 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.
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�b. - C ITY of ORONO
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�� p'�' RESOLUTION OF THE CITY COUNCIL
� ��kESH�g'� NO. � � � 4
� This right of deferment is automatically terminated in collection year 2003 or upon the
occurrence of any one or more of the following conditions,whichever may occur first:
1. The owner dies and the spouse is not otherwise eligible. �
2. The properry 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 deterrriines that there would be no hardship to require
immediate or partial payment. �
f Adopted by the City Council of the City of Orono,Minnesota tlus 13th day of October, 1997.
�
Gabriel bbour,Mayor
ATTEST:
Dorothy M. in, City Clerk
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