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07-043 RES . . . RESOLUTION 07-~ A RESOLUTION OF THE CITY OF ELK RIVER A RESOLUTION DESIGNATING THE MAXIMUM HOUSEHOLD INCOME LEVEL FOR QUALIFICAT,ON FOR DEFERRAL OF SPECIAL ASSESSMENTS BASED ON HARDSHIP WH EREAS, Section 62-1, Deferral of Special Assessments, 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 qualify for deferral of special assessments based on hardship, assuming that.the other qualifications are also met, is as follows for 2007: Household Size 1 2 3 4 5 Maximum Annual Gross Income $20,495 $26,801 $33,108 $39,414 $45,720 NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Elk River, Minnesota, that in order to qualify for deferral of assessments based on hardship in 2007, the above household income requirements must be met. Passed and adopted this 2nd day of April 2007. ~~ Step1l1anie I<linzing, ~r AITES:CT: . ,~ ~ Tina Allard, City Clerk