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� r � -. - Y � O� �� . _ b�� CITY of ORONO � � � ti ��L ��,'�' RESOLUTION OF THE CITY COUNCIL �kESHOg' . NO. 3 2 2 0 A RESOLUTION APPROVING A SPECIAL ASSESSMENT DEFERMENT FOR ROSE MADDEN � WHEREAS , the City Council has ordered a local improvement project known as Stubbs Bay 1992 Sanitary Sewer Improvement for which special assessments have been levied against the benefitted properties; and WHEREAS, the City Council has adopted Resolution No. 1093, Resolution No. 1779, Resolution No. 2864 and Resolution No. 3175 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 , Rose Madden has made an application for deferment of the above noted special assessment pursuant to the provisions of Resolution No. 3175. 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 Resoluti.on No. 3175, and hereby orders deferral of the payment for the levied special assessments as follows: � . APPLICANT: Rose Mary Madden ADDRESS : 350 Crestview Avenue LEVY N0. PROPERTY I.D. NUMBER LEVIED AMOUNT AMOUNT DEFERRED 12554 P15-117-23-14-gg57 $8, 84PJ. PI�J $8, 84�. PJ�I 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 pri.ncipal and interest due in collection year 1998. Interest at the rate of 6.5� 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 collection year 1998. The remainder of the principal and interest shall thereafter be payable in' accordance with the adopted assessment roll. �