HomeMy WebLinkAboutResolution 3220 � r �
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��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. �
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��L �G�' RESOWTION OF THE CITY COUNCIL
�kESH�4 NO. 3 2 2 0
. This right of deferment is automatically terminated in
collection year 1998 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 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
• payment.
Adopted by the City Council of the City � of Orono,
Minnesota. on thi.s 14th day of December, 1992.
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� Barbara A. Peterson, Mayor
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Jothy allin, City Clerk �
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