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98-119 RESRESOLUTION 98 - 11_9 RESOLUTION FOR THE CITY OF ELK RIVER A RESOLUTION DESIGNATING THE MAXIMUM HOUSEHOLD INCOME LEVEL FOR QUALIFICATION FOR DEFERRAL OF SPECIAL ASSESSMENTS BASED ON HARDSHIP WHEREAS, Section 1404, Item 1, of the Code of Ordinances for the City of Elk River, Minnesota, states that the Council shall annually approve, by resolution, a maximum household income level in order to qualify for deferral; and, WHEREAS, the City Council has determined that the maximum household income allowable in order to quMify for deferral of special assessments based on hardship, assuming that the other qualifications are also met, is as follows for 1998: No. in Household Ma~mumAnnual Income 1 $14,600 2 $19,100 3 $23,600 4 $28,100 NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River, Minnesota, that in order to qualify for deferral of assessments based on hardship in 1998, the above household income requirements must be met. Passed and adopted by the City Council of the City of Elk River, Minnesota, this 26th day of October, 1998. /Iie~ A. Duitsman, Mayor ATTEST: Sandra A. Peine, City Clerk documentXresoluti\sadefmax.doc