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03-034 RES RESOLUTION 03- 34 A RESOLUTION FOR THE CITY OF ELK RIVER A RESOLUTION DESIGNATING THE MAXIMUM HOUSEHOLD INCOME LEVEL FOR QUALIFICATION FOR DEFERRAL OF SPECIAL ASSESSMENTS BASED ON HARDSHIP WHEREAS, Section 62-I, Deferral of Special Assessments, of the Code of Ordinances for the City of Elk River, Minnesota, states that the Council shall annually approve, by resolution, a maximum household income level in order to qualify for deferral; and, WHEREAS, the City Council has determined that the maximum household income allowable in order to qualify for deferral of special assessments based on hardship, assuming that the other qualifications are also met, is as follows for 2003: Household Size Maximum Annual Gross Income I $18,344 2 $23,988 3 $29,632 4 $35,277 NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Elk River, Minnesota, that in order to qualify for deferral of assessments based on hardship in 2003, the above household income requirements must be met. Passed and adopted by the City Council of the City of Elk River, Minnesota, this/~ Yd~ay of~, 2003. ATTES-I~ ~and~-a A. Peine, city Cl~rk S:~AD MIN\ResolutionsL2003 Resoludons\Unapproved\SpecAssessDeferraLdoc