92-115 RES
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RESOLUTION 92 - 115
RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION APPROVING DEFERRED SPECIAL ASSESSMENT FOR THE
1992 WESTERN AREA PROJECT
WHEREAS, the applicant has presented to the City Council an application for deferred
special assessments pursuant to law; and,
WHEREAS, the applicant is over 65 years of age and meets the financial requirements
for deferral of special assessments.
NOW, THEREFORE, BE IT RESOL YED by the City Council of the City of Elk River as
follows:
1. Callie Playle is hereby granted deferral of special assessment for
the Western Area Improvement Project on Parcel #75-413-0230
and 75-413-0250 on the following conditions:
a. That the conditions described on the application for deferral
continue to exist.
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b. This deferral shall terminate after a period often 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.
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2. Those sums otherwise due and payable for the special assessments
shall accrue interest at the rate of6.02 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 annual basis. In any
event, all unpaid accrued interest shall be paid upon termination of
deferral.
. Passed and adopted by the City Council of the City of Elk River this 23rd day of
November, 1992.
L~
I
James A. Tralle, Mayor
ATTEST:
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