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88-017 ORD . ORDINANCE 88 - 17 AN ORDINANCE OF THE CITY OF ELK RIVER 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 years of age or older; or b. Retired by virtue of a permanent and total disability. 1. In order to be eligible for the deferral the following condition shall also be met: . a. The annual adjusted gross income of the owner of the property shall not exceed $14,000.00. 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 effect upon its publication according to law. Passed and adopted Council this 20th at a regular meeting of the Elk River City day of June , 1988. ~;/)j1t ~. ~ Estelle E. Gunkel, Mayor ATTEST: };;)-~ Z! A:7~ Patrick D. K1aers, City Administrator . Affidavit of Publication . '.10.' of' I~" I 1ft . . r '. Anlt ""'..., 1. .Detetralors~'.v . l'!tt .~f..' . tll'i~ot~< .. . ill ". .' " payme.- .*_tliahUlelessi1Ut~ j~ '~.'. ,tf~. .. ~iltMOwnerof. the. P1'OIl-' ..,. ... whic W1.~." fl!~is; .'~"" ......... ._> ". ....... . .......lL....S~... . ~..". ve~......ars.........Of.....~... ~lcl.li:..'~.'ot.......... " b.~ byVirtQeo.h. a.~.'. '..nt .mI total dfsa.bUity. . ...... ..... .... . ". . 1.. In ordertobeelftlbtefbti... :th.& defeto.. ral the foUowiug conditionahalhalao be met: .. ., a. ~~Ua1~8td..~ oUhe cnrtter ohh, propert1.~~ exceed~.OO. ... . '. .... > . 3-The, . III ahallGist.oI11YAf., as the...~ pert,..owne.,. "qU1iJleI..for. 4h.. defe~but not.to ~10.~. 3. ~t On th8 deterred special 1Il._meat. .ba1lc~ ~ the d.ete~.ttheNet ItiteleR Rate ot the im~.bbnd__"" .atatBcliA the.mcwbod~~,~unum. The .~~CouDCilmay~OGl'I'ltnt ~....p(:in~as.IIl,OQ.~tlonof iler~AeCUnmt.~~.llIlclthe def~~tI. .ball.~ du. and~.'~.~ .......b.~.... .uu.1lO pa....I1I1. .~. ...~. )o.d n..Ce.... O....falJy.. ofthelO~wents: .......'.. a. TlMaeithofthe o1nW','pro\'ideCl the .~lJeot~t'c>r.the1lenefitl h~~',\...."'.'""."",: b.n.;.r..~,orauhdl~of tbe...~.orw~.~reot'l c.It~~pe"y:s"uJdfol!a.o.Y_.. ICJl1loae i~~ai status~$" . It lffot an)" reason the City Council cletermm- .. that . theJewoUld be. ~,to1'eq\tile'immedi. or.... tlalplll.~nt......., ..... . ..' ...4. ~ delemd of ~nt of 81 _ttlle ......... big adoption of t&e UIleMmentroJe. ~e~...... ......t:....~'~... .... ..'...... ~:Qie-~.~ the'~_...,..~.....'..... w1dek..c...... ;~.. .~cle~ ,a.'l1Wi~"'bain .llforee . PU1'._J,fttblica \.t,lJ.~I. ., ..,::;;:U;;~f:,:: d.'~..a th.,mt Ill_ ~1olJune,1_ '.". . "Xii .... STATE OF MINNESOTA ) )ss. C]5;/S;'t~B;;; ~ m , , being duly swo:::-:: ~Q ::y~~t~she is the publisher or authorized agent and employee of the publisher of the news- paper known as The Elk River Star News, and has full know- ledge of the facts which are stated below: (A) The newspaper has complied with all of the requirements constituting qualification as a qualified newspaper, as pro- vided by Minnesota Statute 331A.02, 331A.07, and other applicable l~ws, as ~e"n9fsI. YJ /) n IIJ (/(/<.//7 (B) The prmted f::J!1111~.JU tJ <5 ~ . . which is attached was cut from the columns of said newJpaper, and was printed and published once each week, for / sU25"""ive week~wst published on J;/'J'"sday, the ...t2J-.d-- day of . "L , 1~, and was thereafter printed and published on every Tuesday to and including Tuesday, the day of 19_; and printed below is a copy of the lower case alpha- bet 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 bed e f g h ij k I ill n 0 p q r s t u v w x y z By'~lb~ ~/ TITLE- SUbscrib~sworn to before me on this c?f .~ day of '. 7j~ , 19 . Not~arVVy<p'~Ub ~-~l ~ ..,,;;.....-..,;'.. . CINDY M. SCHIMINSKI t (61,' ..!..~ NOTARY PUBLIC. MtNNESOi.~. t '. ..~. ANUt\I'\. "--U~It'i I 1 ~ RATE~NF~"ffolr.June 10.199(, · ..... nN#~#I#,'#'##II' I#',"'.",) (1) Lowest classified rate paid by commercial users for comparable space $ 7(), L/Lj $~rz60 ,-... " ~~.' (2) Maximum rate allowed by law for the above matter (3) Rate actually charged for the above matter $3~50