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HomeMy WebLinkAbout1978-087 CCR Member Gene Lhotka introduced the following resolution and moved its adoption: RESOLUTION NO. 78 -87 RESOLUTION RELATING TO DEFERMENT OF SPECIAL ASSESSMENTS FOR PERSONS 65 YEARS OF AGE OR OLDER AND ESTABLISHING AN INTEREST RATE. WHEREAS, Minnesota Statutes 435.193 through 435.195 provides for the deferment of special assessments and specifies the conditions under which municipalities are authorized, on a voluntary basis, to defer such assessments; and WHEREAS, Minnesota Statutes 435.194 authorizes 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 WHEREAS, the City Council of the City of Brooklyn Center finds and determines that deferral of special assessments for certain senior citizens is in the public interest; and WHEREAS, the City Council desires to establish a deferred special assessment policy for qualified applicants. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Brooklyn Center does hereby approve of deferred special assessment annual installments on all assessments certified after the adoption of this resolution under the following conditions: 1) The property upon which the assessment is deferred must be homesteaded; 2) The property is owned by a person at least 65 years of age on January 1st of the payment year; 3) The household income is not to exceed $7,500.00 the year preceding the payment year. BE IT FURTHER RESOLVED that interest at the rate for that particular assessment shall be added to the deferred assessment and shall be payable in accordance with the terms and provisions of Minnesota Statutes 435.195; and BE IT FURTHER RESOLVED that the City Manager is directed to provide application forms, as may be necessary, and is authorized to process said applications signed by the qualified persons prior to September 1 of the preceding year of date which payment is due and direct Hennepin County to defer the special assessments within said application. RESOLUTION NO. 78 -87 BE IT FURTHER RESOLVED that the right to defer assess g its. rs hereby terminated when the subject property owner no longer meets the criteria established in this resolution. May 8, 1978 Date Mayo ATTEST: `Clerk The motion for the adoption of the foregoing resolution was duly seconded by member Tony Kuefler and upon vote being taken thereon, the following voted in favor thereof: Dean Nyquist, Tony Kuefler, Bill Fignar, Gene Lhotka and Celia Scott and the following voted against the same: none whereupon said resolution was declared duly passed and adopted. I I