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� Cit of ORONO <br /> r � <br /> � <br /> RESOLUTION OF THE CITY COUNCIL ` <br /> • No. /�7� <br /> • - • • <br /> A RESOLUTION APPROVING A SPECIAL ASSESSMENT <br /> DEFERMENT FOR HENRY M. SKARP <br /> WHEREAS, the City Council has ordered a local improvement <br /> project known as LS1980-1 Sanitary Sewer for which special assessments <br /> have been levied against the benefited properties; and <br /> 6�THEREAS, the City Council has adopted Resolution No. 1093 <br /> establishing a policy and procedure for deferring such special assessments <br /> for persons 65 years of age or older who have limited income and assets <br /> and for whom payment of such special assessment would constitute a <br /> financial hardship; and <br /> WHEREAS, Henry r1. Skarp has made an application for deferment <br /> of the above noted special assessment pursuant to the provisions of <br /> Resolution No. 1093, <br /> NOW, THEREFORE, BE IT RESOLVED, that the City Council of the <br /> City of Orono hereby finds that the applicant has demonstrated a hardship <br /> • consistent with the provisions of Resolution No. 1093, and hereby orders <br /> deferral of the payment for the levied special assessments as follows : <br /> APPLICANT: Henry M. Skarp <br /> ADDRESS: 1045 West Ferndale Road <br /> � LEVY NO. PINS LEVIED Ab10UNT AMOUNT DEFERRED <br /> 7990 02-117-23 43 0012 $ 5, 098 . 50 $ 5, 098 . 50 <br /> 7990 02-117-23-43 0013 $ 5, 098 . 50 $ 5, 098. 50 <br /> Deferral of payments for principal and interest shall be for a <br /> period of time not to exceed five (5) years with the first payment of <br /> principal and interest due in collection year 1986. , <br /> • Interest at the rate of 92$ annum shall be added to the <br /> deferred assessment. Deferred principal and interest shall be payable <br /> at the time of the first payment due in collection year 1986. The <br /> remainder of the principal and interest shall thereafter be payable in <br /> accordance with the adopted assessment roll . <br /> This right of deferment is automatically terminated in <br /> collection year 1986 or upon the occurrence of any one or more of the <br /> following conditions , whichever may occur first: <br /> • l . The owner dies and the spouse is not otherwise eligible . <br />