88-092 RES
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226271
RESOLUTION 88- 92
A RESOLUTION OF THE CITY OF ELK RIVER
APPROVING DEFERRED ASSESSMENTS
WHEREAS,
the Applicant has presented to the City Council an
application for deferral of special assessments
pursuant to law, and;
WHEREAS,
the Aplicant is over age 65 or totally and permanently
disabled and meets the other requirements for deferral
,of special assessments;
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City
of Elk River, Minnesota as follows:
1. Joseph Zimmerman, (the Applicant) is hereby
granted deferral of payment of special assessments
for the Main Street Improvement on parcel number
115-010-000155 on the following conditions:
1. That the conditions described in the
application for deferral continue to exist.
2. This deferral shall terminate after a period of
10 years.
3. This deferral shall terminate upon:
a. Applicant's death, provided that the spouse
is otherwise not eligible for the benefits
hereunder;
b. The sale, transfer or subdivision of the
property or any part thereof;
c. If the property should, for any reason,
lose its homestead status;
d. 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 6.25%, which interest shall/shall not be
paid with property taxes during the deferral
period. In any event, all accrued interest shall
be paid upon termination of the deferral.
Passed and adopted at a Regular meeting of the City Council of
the City of Elk River this 7th day of November, 1988.
~ c::~ ~
Estelle E. Gunkel, Mayor
ATTEST:
,EtdZL~~~___
Patrick D. Klaers, City Administrator
2262?1
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ASSES3MENi SCHEDUL~
Constant Princioal Payment Method
Projed:
Parcel:
ELK RIVER MAIN STREET
115-(11)-000155
JOS~PH ZIMME~MAN
Interest Start Date:
Repayment Period:
Interest Rate:
Lot: PART OF LOT 15
91 ad:
Addition: AUDITORS 3RD AD~.
01-Jan-B9
5 years
7.75%
AssesSiilents:
a. SANITARY SEWER
b.
Quantitv Unit Measure
0.24 AC
Unit Price
1090
Amount
$261.60
c.
d.
e.
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Total Assessment
$261.60
YEAR
ANNUAL PAYMENT
PRINCIPAL
PAYMENT
INTEREST
PAYMENT
PRINCIPAL
REMAINING
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1988 $261.60
1989 $72.59 $52.32 $20.27 $209.28
. 1990 $68.54 $52.32 $16.22 $156.96
1991 $64.48 $52.32 $12.16 $104.64
1992 $61).43 $52.32 $a.11 $52.32
1993 $56.37 $52.32 $4.05 SI).OO
--------------------
$322.42 =Total of Annual Payments
2 2 621
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COUNTY fU:;OORDE:R
SHERBURNE CO" MINN.
"~SON
BY tPUTY
JAR 27 to 311 4" t09
~ J,,,(, i ~ fJJ
20-Seo-88
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226271
APPLICATION FOR DEFERMENT OF SPECIAL ASSESSMENTS
To the City Council of City of Elk River, Sherburne County,
Minnesota.
~ 0 '5,...e D'r-,
(" ~ fY\ VV\ -e,V" M a f\
,
(Applicant) being,
first duly sworn deposes and states:
1.
That Applicant is the owner of the
real estate located in the City of
. Sherburne County Minnesota: \ \ S. ~
~ ~ ~ \. A .{:l \0-.-\1"\ d
following described
Elk River,
OIl:) - DOO \E;<E: ~
,
2. Pursuant to Minn. Stat. S435.l93, et. seq. and Elk
River Code of Ordinances S1404, Applicant requests
deferral of the payment of special assessment for the
~..Q..\....V'-l.Y I .~ 0..-l:>U -LV'<-, ~ I'\\- Improvement.
3. In support of this request, Applicant represents as
follows:
~ Applicant is over 65 years of age; ~~
b.
Applicant is permanently and totally
disabled as follows:
c. Applicant's adjusted gross income is
$ ~ \~Joc<o ·
4. Applicant declares that the foregoing information is
true and correct and agrees to immediately inform the
Elk River City Administrator should any of the
foregoing information change, and agrees that if the
deferral is granted, Applicant will immediately upon
termination of the deferral pay to the City the
deferred assessment with interest.
Dated: ~..c>~+. ~D \S~'i<.
Subscribed and sw~n to
before me this ~() day
of ~.p{.e~I'A-- ---; 1988
Nota
e LORI A..K:IHNSON
NOTARY ..-.s.a.t.'\."lESOTA
SHEABURNECC~itN
. '; ~ "'CDI!W.\I~'-""':::' ;'I,tl::3
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