93-075 RES
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RESOLUTION 93 - ~
RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION APPROVING DEFERRED SPECIAL ASSESSMENT
FOR THE 1992 WESTERN AREA IMPROVEMENT PROJECT
WHEREAS, the applicants have presented to the City Council an
application for deferred special assessments pursuant
to law; and,
WHEREAS, the applicants are over 65 years of age, have
exceptional circumstances due to medical conditions,
and after consideration of ongoing medical expenses,
meet the financial requirements for deferral of
special assessments.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
of Elk River as follows:
1. Robert and Ann Oster are hereby granted deferral
of special assessment for the Western Area
Improvement Project on Parcel #75-413-0980 on the
following conditions:
a. That the conditions described on the
application for deferral continue to exist.
b. This deferral shall terminate after a period
of ten years unless extended pursuant to
Section 1404 of the City Code of Ordinances.
c. This deferral shall terminate upon:
1. Applicant's death, provided that the
spouse is not otherwise eligible for the
benefits hereunder;
2. The sale, transfer or subdivision of the
property or any part thereof;
3. If the property should, for any reason,
lose its homestead status;
4. If for any reason the City Council
determines that there would be no hardship
to require immediate or partial payment.
2. Those sums otherwise due and payable for the
special assessments shall accrue interest at the
rate of 6.0 percent per annum which interest shall
not be paid with property taxes during the
deferral period but may be paid to the City on an
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annual basis. In any event, all unpaid accrued
interest shall be paid upon termination of the
deferral.
Passed and adopted by the City Council of the City of Elk River
this 15th day of November, 1993.
ATTEST:
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Sandra Thackeray, City C1 k
This instrument was drafted by:
City of Elk River
13065 Orono Parkway
Elk River, MN 55330
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