88-093 RES
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22627Z
RESOLUTION 88- 93
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. Doris F. Trask, (the Applicant) is hereby granted
deferral of payment of special assessments for the
Main Street Improvement on parcel number
115-040-010100 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.
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Estelle E. Gunkel, Mayor
ATTEST:
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Patrick D. Klaers, City Administrator
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226272
APPLICATION FOR DEFERMENT OF SPECIAL ASSESSMENTS
To the City Council of City of Elk River, Sherburne County,
Minnesota.
lJ () r (.s
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I ro_<"k
(Applicant) being,
F
first duly sworn deposes and states:
1. That Applicant is the owner of the following described
real estate located in the City of Elk River,
Sherburne County Minnesota: ~r /6 ~ /1 .& /CJC-* /
~A~j'Y'u.'ts. ;C) d.(I" II S'- ~qlJ -l) /t:'J Ih~ .I
2. Pursuant to Minn. Stat. S435.l93, et. seq. and Elk
River Code of Ordinances Sl404, Applicant requests
deferral of the payment of special assessment for the
ma..'n -S+-ree+ Improvement.
3. In support of this request, Applicant represents as
follows:
(9
C9
Applicant is over 65 years of age;
Applicant is permanently and totally
disabled as follows: Le.;t4//Y A /'nrl
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c. Applicant's adjusted gross income is
$ ~. 'lIt.! .
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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:
/oklf.v
A~~~ 9 ~{n 4/JL
Subscribed and s;7rn to
befo~ me this day
of /(1~ ' 1988
~~ (). ~7'
Notary Public ;r
~ SANDRA A. lHACKERAY
NOTARY PUllllC. MINNESOTA
SHEP 'iNE COUNlY
~. My Co~ ; Expm J\n I,tllt
W.'.JVtPN.,J"^..~ '. ;,,"; ~,"r.'
4 226272
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ASSESSMENT SCHEDULE
Constant Principal Payment Method
Project: ELK RIVER MAIN STREET
Parcel: 115-1)40-010100.'
[)ori.5 WAYNE- TRASK
Interest Start Date:
Repayment Period:
Interest Rate:
Assessments:
a. STREET
b. SANITARY SEWER
c. WATER SERICE
d.
e.
Lot: 10 AND 11
Bl od: 1
Addition: THOMAS ADD.
01-Jan-89
10 years
7.757.
Quantitv Unit Measure Unit Price
188.33 FF 13
0.28 AC 1090
1 LS 670.24
Amount
$2,448.29
$305.20
$670.24
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Total Assessment
$3,423.73
YEAR
ANNUAL PAYMENT
PRINCIPAL
PAYMENT
ItHEREST
PAYMENT
PRINCIPAL
REMAINING
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1988 $3,423.73
1989 :S607.71 $342.37 $265.34 $3,081. 36
. 1990 $581.18 $342.37. $238.81 $2,738.98
1991 $554.64 $342.37 $212.27 $2,396.61
1992 $528.11 $342.37 $185.74 $2,054.24
1993 $501.58 $342.37 $159.20 $1 ,711. 87
1994 $475.04 $342.37 $132.67 $1,369.49
1995 $448.51 $342.37- $106.14 $1,027.12
1996 $421.97 $342.37 '$79.60 $684.75
1997 $395.44 $342.37 $53.07 $342.37
1998 $368.91 $342.37 $26.53 ($.00)
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$4,883.09 =Total of Annual Payments
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-226272
COUNTY HECORDER
SHEft5URME CO.. MINH.
8Y ~~S;EO:UTY
JaM 21 10 ,. AM '89
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