HomeMy WebLinkAboutResolution 1935 �� � clt� o� oR,oNo
� � RESOLUTION OF THE CITY COUNCIL
� . NO. 1935
• ' • •
A RESOLIITION APPROVING A REAPPLICATION OF SPECIAL ASSESSMENT
DEFERMENT FOR BASIL M. YOUNG
WHEREAS , 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 Numbers
1093 and 1779 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 , Basil M. Yound has made reapplication for
• � deferment of the above noted special assessment pursuant to the
provisions of Resolution Numbers 1093 and 1779, the original
deferment was approved by the City Council January 12, 1981.
NOW, TAEREFORE, 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. 1D193 and 1779, and hereby orders deferral of the
payment for the levied special assessments as follows:
APPLICANT: Basil M. Young
ADDRESS: 1225 Dickenson Street
LE VY N0. P.I.N.S. _ LEVIED AMOUNT AMOUNT DEFERRED
7989 PJ2-117-23 31 �!(�48 $6 , 7P1�. 0� $6, 7P1�. 00
Deferral of payme,nts 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
1990. .
Interest at the rate of 9 1/2% 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 1990. The remainder of the principal and interest shall
thereafter be payable in accordance with the adopted assessment
� roll.
�
� Clt� o� ORONO
� Q� RESOLUTION OF THE CITY COUNCIL
� NO. 1935
• - • •
This right of deferment is automatically terminated in
collection 199fd 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 the 24th day of February, 1986.
� � /�
`�"�"� ��XCGf�..-L
� Tim Adams, Acting Mayor
ATT S :
0 othy M. llin, , ity Clerk
If the applicant wishes to reapply at the end of this five (5)
year deferment the applicant must reapply to the City of Orono
for deferment of special assessments in October 1989, to keep the
assessment from being included with the real estate tax due and
payable in 1990. '
• ' �'
Basil M. Young
�- � - ��
Date
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