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HomeMy WebLinkAboutResolution 1779 � � , ��� � Cit� of ORONO . � '� .,�5. . • 4��^I � RESOWTION OF THE CITY COUNCIL �'a;'f f.' ' ' NO. 17 7 9 . � `"�'`'` : .. _ . .: ' A R$SOLUTION AMENDING THE PROGRAM FOR DEFERMENT OF SPECIAL ASSESSMENTS FOR PERSONS 65 YEARS OF AGE OR OGDER WHEREAS, the City Council of the City of Orono is the official governing body of the City of Orono; and . WHEREAS, M.S.A. Section 435.193 through Section 435.195 authorizes the City of Orono, upon proper application, to defer �the payment of special assessments against any homestead� property owned by a person 65 years of age or older on January 1 of the payment year and for whom it would be a hardship to make the payments; and • WHSREAS, Section 435.194 authorized the municipality to establish an interest rate to be added to the deferred assessment which shall be payable in addition to the deferred assessment; � and that Orono had adopted such a program under Ordinance 2.62 � (1984 recodified) and Resolution 1PJ93 (dated November 13, 1979) . and � WHEREAS, the City Council has determined that the deferral of assessments should be granted to any person otherwise - qualified who malces proper application to the City of Orono on forms prescribed by the County Assessor of Hennepin County and by . the Orono City Council and for whom the City Council determines that it would be a hardship to make the payments, based upon the . following criteria: . _ Number of � Maximum � Persons in Household Income 1 $11,50P1.00 2 13,100.00 - 3 � 14,750.00 f- 4 . � 16,400.4J0 � 5 17,70f6.00 , 6 19,PlfdO.P14J 7 24J,35P1.00 • 8 21,650.g0 Assets not including homesteaded property of $25,4l0f6, income and assets as defi�ned in Hennepin County's Utility Connection Program. page 1 of 2 • ' ., .;; . . r J � . . I • . Y . Cit� of ORONO d . • :;; •: , ,��,; RESOWTION OFTHECITYCOUNCIL � x: � NO. 17 7 9 �:`, _ � • � �... NOW,THEREFORE, B$ IT RESOLVID BY THE CITY COUNCIL OF THE CITY OF ORONO IN REGQGAR MEETING ASSEMBLED, that the assessments against any homestead property owned by a person 65 years of age or older and for whom it would be a hardship to make the � payments, be deferred for a period of time not to exceed five years subject to the aforementioned financial criteria, upon submission of an appropriate application signed by the qualified person, and which may upon expiration of initial or any subsequent renewal deferments maybe reapplied for, and subject to the applicant meeting all �the necessary criteria upon reapplication be deferred for an additional period not to exceed 5 years; and BE IT FURTH�R RESOLVED, that the right of deferment is • automatically terminated under Section 435.195 if: 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 at a � regular meeting held June 10, 1985. , - � � To Frahm, cting Mayor ATTE . � � • or thy M. llin, ity Clerk page 2 of 2