HomeMy WebLinkAbout5376 - ADMIN Resolution - City Council - 1975/10/06OCTOBER 6, 1975
9H
RESOLUTION NO. 5376
A RESOLUTION RELATING TO DEFERMENT OF SPECIAL ASSESSMENTS
FOR PERSONS 65 YEARS OF AGE OR OLDER AND ESTABLISHING AN INTEREST
RATE
WHEREAS, the City Council of the City of St. Louis Park is the official governing
body of the City of St. Lours Park, and
WHEREAS, M.S A Secrion 444.22 through 444.24 authorizes the City of St. Louis
Park, upon proper application, to defer the payment of special assessments against any
homestead property owned by a person of 65 years of age or older on January 1 of the
assessment year and for whom it would be a hardship to make the payments; and
WHEREAS, Section 444.23 authorizes the municipality to establish an interest rate
to be added to the deferred assessment which shall be payable in addition to the defer-
red assessment; and
WHEREAS, the City Council has determined that the deferral of assessments should
be granted to any person otherwise qualified who shall make proper application claiming
that: HisiHer total gross household income of the previous year was less than $8,000.
Income shall be determined in accordance with State Form M-1SC and, therefore, consti-
tutes a qualified hardship, provided that claimant has not signed a petition for said
improvement;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ST. LOUIS PARK
in regular meeting assembled, that assessments against any homestead property owned by
a person 65 years of age or older and for whom it would be a hardship to make the pay-
ments be deterred subject to the aforementioned income conditions upon submission of
an appropriate application signed by the qualified person; and
BE IT FURTHER RESOLVED that interest at the rate established for that particular
assessment sha11 be added to the deferred assessment and shall be payable in accordance'
with the terms and provisions of M.S.A. Section 444.24; and
BE IT FURTHER RESOLVED that the right of deferment is automatically terminated
under Section 444.24 if:
1. The owner dies and the spouse is not otherwise eligible;
2. The property or any part thereof is sold, transferred, or subdivided;
3. The property should lose its homestead status; or
4, if for any reason the City determines that there would be no hardship to
require immediate or partial payment; and
BE IT FURTHER RESOLVED that applications for deferments for the year 1975 shall
be submitted by November 1, 1975 and September 1, thereafter.
BE iT FURTHER RESOLVED that in the event the deferment is terminated,
the ptlncIpal and interest deferred to that date shall be due and payable,
and the remaining principa] and interest shall be due over the period of
time remaining on the original assessment period.
Adopted by the City Council October 6, 1975.
Mayor
Attest:
City Clerk
Reviewed by administration: Approved as to form and legality:
City Manager City Attorney
-2-