89-060 RES
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RESOLUTION 89 - 60
A RESOLUTION APPROVING DEFERRED SPECIAL ASSESSMENT
FOR THE 1988 MAIN STREET 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 RESOLVED by the City Council of the City of Elk River as
follows:
1. Mr. Perlain Oscarson is hereby granted deferral of special
assessment for the 1988 Main Street improvement on Parcel
#115-020-000180 on the following conditions:
1. That the conditions described on the application for
deferral continue to exist.
2. This deferral shall terminate after a period of ten
years.
3. This deferral shall terminate upon:
a. Applicants death. provided that the spouse is not
otherwise eligible for the benefits hereunder;
b. The sale. transfer or subdivision of the property
or any part therof;
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 not be paid with property taxes during the
deferral period. In any event. all accrued interest shall be
paid upon determination of the deferral.
Passed and
River this
adopted at a regular meeting of the Ci~y Council of the City of Elk
25th day of September, 1989. ~
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James A. Tralle, Mayor
ATTEST: