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92-011 ORD . . . ORDINANCE 92 -11- AN ORDINANCE OF THE CITY OF ELK RIVER AN ORDINANCE PROVIDING FOR THE DEFERRAL OF SPECIAL ASSESSMENTS BASED UPON HARDSHIP The City Council of the City of Elk River ordains as follows: 1. The Code of Ordinances for the City of Elk River shall be amended by the addition of the following Section 1404: Section 1404 - LOCAL IMPROVEMENT POLICY; SPECIAL ASSESSMENTS 1404.00 - DEFERRAL OF SPECIAL ASSESSMENTS The City Council is authorized to approve the deferral of the paYment of a special assessment against a homestead property if the owner of the property for which the assessment is deferred is: a. Sixty-Five (65) years of age or holder; or b. Retired by virtue of a permanent and total disability. 1. In order to be eligible for the deferral, the annual household adjusted gross income of the owner of the property shall not exceed an amount to be set annually by the City Council by resolution. 2. The deferral shall exist only as long as the property owner qualifies for the deferral, but not to exceed 10 years. 3. Interest on the deferred special assessment shall accrue during the deferral at the Net Interest Rate of the improvement bond issue, as stated in the official bond document, per annum. The City Council may require current paYment of interest as a condition of deferral. Accumulated interest and the deferred payments shall become due and payable upon the occurrence of any of the following events: a. The death of the owner, provided the spouse is 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; or d. If for any reason the City Council determines that there would be no hardship to require immediate or partial payment. . . . 4. The deferral of payment of special assessments may be ordered by resolution of the City Council at the request of the property owner at any time following adoption of the assessment role. The property owner shall immediately notify the City Administrator's office of the existence of any change in status which may affect eligibility for deferral. 2. This ordinance shall be in full force and effective upon its publication according to law. Passed and adopted at a regular meeting of the Elk River City Council this 6th day of April, 1992. J~if~ James A. Tralle, Mayor Attest: . . . Affi~avit of Publication . STATE OF MINNESOTA ) )ss. COUNTY OF SHERBURNE) . . Q(fY\~ ' being duly sworn, on oath says that he/she is the publisher or authorized agent and employee of the publisher of the newspa- per known as The Elk River Star News, and has full knowledge of the facts which are stated below: (A) The newspaper has complied with all the requirements constituting qualification as a qualified newspaper, as provided by Minnesota Statute 331A.02, 331A.07, and other applicaLle laws, as amended. (B) The printed (J /l j)~~ CJ::J.. ~ ) I MEN'!" ME JsE The' prove' . dlJfe... JTalof the paym,t'n. of a speei - entagainst a hpme ad pro .' ',if the owner of the prope for which the'~ssment is deferied a. Sixty-Five (65) years of age or or . ' b; 1Wtired by virtUe of a ~ and total disability~ . 1. In otder to be eligible for the ral,the annual household adjusted income of the owner of the pro shall not exceed ,an amount to annually by the Citr Council by olu- tion. i . 2. The deferral shllll exist only a opg as the property owner qualifies Co the' deferral, but not to exceed 10 y ., a. Interest on thedefetted speei as- seslllXll"l:t shall accrue during the fer- . ralatthe Net Interest Rate of th . im- provement ;bond issue, as stated . 'the offidbil bOnd document, per ann . .The CityCounci11l1aY reqUire cUrrent pay- mentolinterestas a condition of efer- ~. ~cculJlU1ated interest and . de- fetted payments shall become du and payable upon the OCCVJT6D.oo of. . of the following events: · , a. The death of the owner, pro 'ded" the spouse is not eligible forthe be fits bereunder; b. 'l'he. sllle, transfer, or subdivis on of. the.pro.perty or any part the~f; c.Iftheproperty should fOr" any son lose its homestead status; Or" d. If for any reason the City determines that there would be no ship . W require immediate or pa~. .' /4. The defeITal of payment of s assessments may be ordered by tionoftheCityCouncilatthe' stof the property owner at any timetc ~w~ ipg adoption of the assessnieJlt rol . The property owner shall immediano- tifythe City Administrator's officefthe existence of any change in status hich . may affect eligibility for def< 2. This ordiQance shan be in and ~ective uponits,publi corcUDg to law. Palllledandadoptedatl8rilgUlai' '. t- ingoftheElkRiverCityCouncil . 6th dayofAWt1, 1992. . . h. James A"Tra11!,. Attest._~~" . San~~\' , (Ap15 which is attached was cut from the columns of said newspaper I and was printed and published once each week, for I ~- cessive weeks; it was fll'st published on Wednesday, the I - day of O~ ' 19!1b and was thereafter printed and published on every Wednesday to and including Wednesday, the_day of ,19_; and printed below is a copy of the lower case alphabet from A to Z, both inclusive, which is hereby acknowledged as being the size and kind of type used in the composition and publication of the notice. a be de fg h ij kl m no pqrstu vwxyz BY: ~ t7V\.. - TITLE: ! f i~ " .~ Subscribed and sworn to before me on this h- Qpt0-R ,19 q;;L. , ~"" N~ TY). ~ CINDY M. SCHIMINSKI ~:' '~. '~'>' ANOKA COUNTY 10 RATE lNFO. '. on Expires June 10, 1993 \\. (1) Lowest classified rate paid bY"!' ;.,"'.:~'y'l"> .. '1Ii'.f'.H.".A4WJ'~ commercial users for comparable space (2) Maximum rate allowed by law for the above matter (3) Rate actually charged for the above matter day of $ lit tl5 $ 5&.3{ $ ~.?>S